Consumer Forecasting OTA Resorts 
Inn Quest
MARCH 23, 2023
Currently, Australia’s hotels and resorts industry is worth $1.3 The contribution to GDP of the tourism industry on the whole is currently 1.6% (Statista). Other figures from Statista are as follows: Australia’s hotel segment specifically is forecasted to see revenues of US $6.75 billion and is expected to grow by 13.3%
SiteMinder
DECEMBER 3, 2023
Booking a trip is evolving into a metrics-driven process as travellers assess a combination of star ratings, consumer review scores, and price. Use travel comparison sites Travel comparison sites have been instrumental in empowering consumers, and usage in the UK is high. In some cases, it can even be more important than price.
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Xotels
APRIL 3, 2024
Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? The difference between Yield Management and Revenue Management is in the overall strategy, including in-depth analytics and forecasting.
Social Tables
JANUARY 14, 2022
Attending MTS can help mountain-related hospitality professionals learn to reach target consumers, get introduced to new products, build brand awareness, and create relationships with renowned leaders in the mountain travel industry. September 12-22 | JW Marriott Desert Ridge Resort & Spa | Phoenix. The Lodging Conference.
Boutique Hotel News
DECEMBER 20, 2022
With inflation on the rise globally, consumers are likely to be more mindful when it comes to spending their money. This means that during periods of high consumer price growth, hotels have been able to raise room rates and pass on these rising costs to guests. Hotel e-tail. per cent on average above inflation per year.
Xotels
APRIL 3, 2024
Following best practices and a well-thought-out strategy is the only way to unlock the full potential of revenue for your hotel , with benefits including: Claim your fair market share: with more hotels forecasted to open every year , gaining a fair market share will become more difficul t each year.
Inn Quest
MAY 11, 2023
Hotels can identify the high and low seasons through historical data analysis and demand forecasting and prices can be adjusted accordingly. For instance, a hotel close to a well-liked ski resort might raise its rates in the winter when skiing is in high demand.
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