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%

Forecasting 52

Forecasting Tourism Average Daily Rate Hotels 52

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. Unsure of where to start with effective promotions?

Cost Per Click 105

Cost Per Click Travel OTA Consumer 105

Boutique Hotel News

NOVEMBER 16, 2022

Cost containment is a primary concern for planners: some 85 per cent believe events will be more expensive to hold in 2023 compared to 2019, and in Spain, 94 per cent of planners forecast higher costs. Planners revealed that venues, safety protocols and audio-visual production are the top three areas where they expect cost rises.

Events 52

Events Consumer Hotels Intent 52

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.

Travel 124

Travel Hotels Branding Real Estate 124

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.

Hospitality 158

Hospitality Events Tourism Business 158

Cloudbeds

MAY 31, 2023

However, this method is time-consuming and doesn’t capture the detailed pricing data hotels need to make informed decisions. Other helpful features include graphs to visualize rate trends relative to competitors, produce demand forecasts, automated reporting, and the ability to view rates by room type. Additional features.

Revenue Management 52

Revenue Management Shopping Average Daily Rate Revenue 52

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.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Social Tables

DECEMBER 27, 2018

Meanwhile, late in 2018, CBRE forecasted that hotel supply would peak at 2% gain, stabilizing to 1.9 Respondents to the AMEX Meetings & Events Forecast predict that rise will equal about 2.41% in North America, while CWT expects an even higher hike of 3.7%. percent over the next two years. Meetings will become music festivals.

Events 167

Events Business Scale Consumer 167

Travel Media Group

JANUARY 3, 2024

It’s important to mention that the industry forecasts are positive and it’s exciting to see the number of new entrants into the market, and that really speaks to the evolving needs and expectations of travelers. And this year at Travel Media Group, we conducted several industry surveys of our database, over 40,000 hotels.

Digital Marketing 52

Digital Marketing Travel Events Market 52

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.

Revenue 88

Revenue Occupancy Hotels Market 88

Xotels

NOVEMBER 23, 2023

Additionally, hotel management ensures compliance with industry regulations, maintains the safety of guests and employees, and adapts to evolving consumer preferences and technological advancements. Maximize Your Hotel Revenue Uncover the hidden revenue potential of your hotel or resort. Read our article about Top Hotel Trends.

Management 40

Management Revenue Management Hotels Operations 40

Xotels

NOVEMBER 23, 2023

Additionally, hotel management ensures compliance with industry regulations, maintains the safety of guests and employees, and adapts to evolving consumer preferences and technological advancements. Maximize Your Hotel Revenue Uncover the hidden revenue potential of your hotel or resort. Read our article about Top Hotel Trends.

Management 40

Management Revenue Management Hotels Operations 40