Hotel Business

JANUARY 25, 2024

International travel plays a crucial role in urban hotel demand, with a strong correlation between inbound foreign arrivals and urban hotel occupancy. Cities that focus on intentional tourism and leverage technology will garner long-term investor interest, with foreign capital likely to be the most acquisitive in 2024.

Consumer 126

Consumer Real Estate Tourism Hotels 126

Little Hotelier

JULY 18, 2024

Hotel tax, also known as occupancy tax, lodging tax or bed tax, is a tax that US authorities impose on the rental of hotel rooms and other forms of short-term accommodation. Is hotel occupancy tax state or local? The revenue generated from hotel taxes is often used to fund local tourism, infrastructure and community projects.

Occupancy 52

Occupancy Accommodation OTA Hotels 52

Hotelier Magazine

AUGUST 16, 2023

STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-24 U.S. per-cent downgrade in occupancy growth. per-cent downgrade in occupancy. The post STR and Tourism Economics Lower Growth Forecast for U.S. PARSIPPANY, N.J. — per cent, due to a 0.6- per cent on a 0.5-per-cent

Forecasting 52

Forecasting Tourism Average Daily Rate Occupancy 52

Boutique Hotel News

MAY 4, 2023

UK: The UK’s travel and tourism sector is expected to see a boost of more than £200 million as a result of King Charles III’s Coronation weekend [6-8 May] and fortnight around those dates, as consumers travel across the country to celebrate with friends and millions across the UK make the journey to London to catch a glimpse of the historic event.

Tourism 52

Tourism Consumer Average Daily Rate Occupancy 52

SiteMinder

FEBRUARY 14, 2024

What are tourism trends? Tourism trends reflect evolving patterns and preferences in travel, influenced by factors such as technological advancements, socio-economic shifts, and changing consumer behaviours. Table of contents Why keep up with new trends in tourism?

Tourism 59

Tourism Market Marketing Travel 59

Hotel Management

MARCH 25, 2024

Intellisoftware Pty Ltd, a leading Australian start-up in the Artificial Intelligence (AI) space has today unveiled a new wide-ranging strategic partnership with the Australian Revenue Management Association (ARMA) – a peak industry body active in the hospitality and tourism sectors focused on elevating the standards of revenue and yield management (..)

Revenue Management 130

Revenue Management Revenue Yield Management Management 130

Hotelier Magazine

MARCH 11, 2024

Marsha Walden: Our latest Tourism Outlook report shows total tourism revenue is set to exceed 2019 levels, generating a projected $109.5 Marsha Walden: Our latest Tourism Outlook report shows total tourism revenue is set to exceed 2019 levels, generating a projected $109.5 billion by the end of 2023.

Tourism 52

Tourism Business Marketing Market 52

STAAH

MAY 14, 2024

As the hospitality industry continues to evolve in response to shifting consumer preferences and technological advancements, hotels are redefining their approach to revenue generation. Let’s explore 7 trending new revenue streams that can boost your hotel’s profitability.

Revenue 109

Revenue Dining Hotels Consumer 109

Hotelier Magazine

NOVEMBER 26, 2024

October’s occupancy rate was 68.5 The rise in occupancy was mainly driven by transient and week-day occupancy, indicating an influx of individual business travellers. Among the provinces and territories, Nova Scotia reported the highest occupancy level at 74.7 Toronto topped the major markets with an occupancy rate of 79.6

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Tourism 52

Hotel Management

OCTOBER 3, 2023

The market’s continued strong performance and sector confidence in the underlying dynamics of the tourism industry outlook are important to sustain valuations, which is the single most important stimulator (or inhibitor) of growth in new supply.

Scale 130

Scale Construction Average Daily Rate Hotels 130

Hotelier Magazine

AUGUST 29, 2023

In addition to the monthly ADR and RevPAR levels, Canada’s occupancy level was its highest since August 2022. For July 2023 (percentage change from July 2022) occupancy rose 0.1 Among the provinces and territories, Newfoundland and Labrador recorded the highest July occupancy level (87.9 per cent to 75.6 per cent to $232.13.

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Hotels 52

Hotelogix

JANUARY 21, 2025

Why Hotel Sustainability Matters Environmental Responsibility Hotels consume significant amounts of energy and water daily, contributing to global resource depletion. Smart Thermostats : Program thermostats to adjust room temperatures based on occupancy and weather conditions for optimal energy use.

Hospitality 40

Hospitality Consumer Hotels Operations 40

eZee Absolute

OCTOBER 16, 2023

This not only made day-to-day operations more complicated and time-consuming but also restricted the resort’s capacity to expand its business. Situated in the bustling tourism hub of Goa, the competition was fierce year-round. The main thing missing was a comprehensive hotel PMS.

Resorts 52

Resorts Tourism Fair Share Operations 52

Hotel Business

AUGUST 15, 2024

year-over-year growth in the first half, driven by international tourism and election-related events. Challenges including weakening consumer spending and increased competition from short-term rentals, cruise lines and other lodging alternatives pose downside risks.” and a 10-basis point increase in occupancy.

Forecasting 59

Forecasting Construction Events Occupancy 59

Cloudbeds

OCTOBER 9, 2024

In addition to revenue, forecasts often include projections for important metrics like average daily rate (ADR), occupancy rates, and the contribution share from different segments such as transient, corporate, and group bookings. These trends can impact room rates, ancillary revenue, and overall occupancy patterns.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

Hotelier Magazine

SEPTEMBER 18, 2024

But on the flip side, the lower levels of supply have allowed the country to rebound to record occupancy levels and drive strong rate growth. With supply and demand generally balanced occupancy is expected to remain at a peak of 66 per cent. Additionally, while total U.S. million passengers in 2024.

Occupancy 52

Occupancy Marketing Market Accommodation 52

Cloudbeds

MARCH 15, 2023

A direct booking strategy is a powerful force in reducing customer acquisition costs , increasing occupancy, and improving profitability by building greater brand loyalty and giving you direct access to guests. Hotels can bid on metasearch advertising placements and pay when consumers click on the ad.

OTA 98

OTA Revenue Sales Hotels 98

Hotel Business

MARCH 1, 2024

Americas hotel performance also remains above 2019 levels, but RevPAR has begun to stabilize amid declining consumer travel spending. Intraregional tourism within Asia-Pacific surged through 2023, resulting in RevPAR reaching a 94% recovery relative to 2019.

Real Estate 64

Real Estate Hotels Travel Branding 64

Cloudbeds

MARCH 23, 2023

These days, more consumers are going online to make purchases, and travel is no exception. Popular eCommerce platforms like Amazon and Uber have raised the bar, conditioning consumers to expect shopping online to be simple, fast, and secure. Moreover, a hotel room can’t be returned if it doesn’t meet expectations.

OTA 98

OTA Digital Marketing Marketing Market 98

Amadeus Hospitality

JUNE 20, 2023

With continued demand for leisure travel and the reopening of China to tourism after several years, global hotel occupancy is on the upswing in 2023, with many markets surpassing pre-pandemic occupancy levels according to Amadeus Demand360 ® data.

Hospitality 52

Hospitality Travel Occupancy Revenue 52

Hotel Management

MAY 10, 2023

Howard ruled off the discussion with an insight into payment options, noting that from a recent European summit, it was revealed that 75% of consumers will not buy if their preferred payment method is not available and the rise of instalment options such as Afterpay, underscoring the need to expand payment mechanisms into the marketing mix.

Marketing 130

Marketing Market Branding Events 130

Cloudbeds

APRIL 30, 2024

A brief history of room price optimization Given the multitude of factors to consider and the analysis required, establishing accurate real-time room prices for your property may seem complex and time-consuming. Prices change dynamically (hence the name) using real-time data to maximize your revenue and occupancy rates. Competition.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

Amadeus Hospitality

JULY 10, 2024

For hoteliers, the ability to use technology to analyze consumer behavior, create effective marketing strategies and provide the most exceptional consumer experiences is critical.

Upsell 52

Upsell Services Travel Consumer 52

SiteMinder

DECEMBER 10, 2024

Event-driven travel is undeniably booming, with its influence seen in hotel occupancy and room rates. Bartnick notes that this shift points to a deeper change in attitudes towards travel, where consumers are increasingly prioritising life-enriching experiences.

Revenue Management 52

Revenue Management Events Revenue Management 52

Hotel Speak

FEBRUARY 9, 2024

Amadeus has also released a report revealing that the global hotel occupancy rate was 10% higher in August 2023 compared to the same period in 2022. The global virtual tourism market is projected to expand to over $847 billion by 2028. Users can explore the scenic beauty of this distant location online.

Hospitality 78

Hospitality Services Travel Tourism 78

Inn Quest

MARCH 23, 2023

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 The result was increased occupancy, which continued throughout the year and along with an increase in average daily rates.

Forecasting 52

Forecasting Tourism Hotels Average Daily Rate 52

SiteMinder

FEBRUARY 25, 2024

Sifling through endless news to find the valuable stuff can be a time-consuming pursuit, however. decrease in occupancy during December. In other news: By 2030, China will be the largest outbound tourism group with 126 million trips. of US tourism spend in 2022. In other news: Hotels in London experienced a 4.2%

Hospitality 52

Hospitality Cancellation OTA Tourism 52

MediaBoom

AUGUST 23, 2024

The ultimate goal is to create a strong brand identity, generate demand, and maximize occupancy rates. Consumers look at these search engines to make more informed decisions, which is why it is important for you to consider advertising on them. Make sure your content is consistently updated and appeals to your customers.

Resorts 86

Resorts Market Marketing Marketing Strategy 86

SiteMinder

JANUARY 8, 2024

From food and beverage to travel and tourism, any role within the hospitality sector requires providing a service to customers. Travel and Tourism Tourism is different from hospitality as travel functions as a catalyst for people to spend more money on hospitality services. For example, drinks or spa packages.

Operations 59

Operations Management OTA Hotels 59

SiteMinder

MARCH 13, 2025

This is a time consuming process and can often take weeks or months to complete. PKF Hospitality Group : An international firm with broad experience covering the hotel, tourism, and leisure sectors. Typically youll need to engage professional companies or consultants to prepare the study and report on your behalf.

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SiteMinder

JANUARY 8, 2024

From food and beverage to travel and tourism, any role within the hospitality sector requires providing a service to customers. Travel and Tourism Tourism is different from hospitality as travel functions as a catalyst for people to spend more money on hospitality services. For example, drinks or spa packages.

Operations 52

Operations Management OTA Hotels 52

Travel Media Group

NOVEMBER 29, 2023

You know, during the pandemic because of economic conditions, you know, when you get down to 15% occupancy, you just can’t hold onto employees or you might actually lose your business. One, to share those best practices, but also to communicate to consumers that, hey, if you’re going to a hotel, doesn’t matter.

Events 98

Events Digital Marketing Business Consumer 98

SiteMinder

OCTOBER 10, 2022

The typical hotel room size in any given area can offer a great deal of insight into market trends as well as consumer demand. For example, as younger consumers begin to prioritise experience over hotel room dimensions, the average size gets smaller. Table of contents. Average hotel room size. Europe – HotelStarts Union.

Motels 52

Motels Hotels Services Travel 52

MediaBoom

MARCH 14, 2024

A staggering 75% of consumers admit to judging a business’s credibility based on its website design. By tracking demand trends, booking patterns, and competitor pricing, hotels can adjust their rates dynamically to maximize occupancy and revenue. Here’s how video marketing can be a game-changer for hotels in the digital age.

Digital Marketing 68

Digital Marketing Services Market Marketing 68

Travel Media Group

SEPTEMBER 17, 2024

And so focusing just on the events side, to your question, where it is a market leader, so it is the CES of that industry, you know, the consumer electronic show in Vegas. Is it on the guest and experienced consumer side, or is it on the professional side, operations side to help maybe with combat staffing challenges and things?

Hospitality 52

Hospitality Events Marketing Market 52

Travel Media Group

OCTOBER 12, 2022

These two discuss everything from the origin story of Coakley & Williams, navigating the new landscape of the hospitality industry, and what is on the horizon for travel and tourism. I think people are now looking back to pre pandemic before occupancy really started going up in the mid 2010s, and we are enjoying that high occupancy.

Hospitality 52

Hospitality Business Digital Marketing Market 52

Xotels

JULY 5, 2022

Continuously Changing Consumer Demands and Markets. Summer 2022 has seen tourism soar once more, as wanderlust returns to holidaymakers and travellers eager to make up for lost time during the pandemic-induced periods of lockdown and travel restrictions. Continuously Changing Consumer Demands & Markets. Tech stack.

Hotels 52

Hotels Hiring Business Marketing 52