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Today’s hospitalitymarkets have new challenges to overcome—especially resorts. No sooner have they begun to regain marketshare in a post-pandemic world when an economic recession is causing guests to become more cautious of where and when they spend their money and time. The good news is that they continue to spend.
Today Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, announced the Crowne Plaza Dubai Marina Hotel selected the Knowland platform to gain access to insights into untapped industries and potential accounts, expand opportunities within the luxury hotel sector and empower sales teams to reallocate (..)
Skift Take: As it seeks to deepen its marketshare and broaden its portfolio, Brigade Hotel's IPO plans highlights not just the company’s growth potential, but also the broader optimism surrounding India’s hospitality industry. Peden Doma Bhutia Read the Complete Story On Skift
Skift Take: TUI's ability to move beyond its safe middle-market playground through an expanded luxury offering came under the spotlight at the Skift Future of Lodging Forum. Ultimately, a brand's marketshare is way more than customer segments — it's really rooted in experience and value.
We hear the word ‘personalization’ being thrown around a lot of hospitality these days. What I caution from the start, though, is that this is an arms race; if every hospitality brand is gunning for improved marketshare or ADR growth by ramping up their personalization, then you can’t rest on your laurels.
IRIS, the leading provider of digital F&B and guest experience platforms, is set to increase its marketshare across China’s growing hospitalitymarket. Today it announces a new partnership with Asia-based hospitality technology reseller MYM, utilising IRIS’s Chinese Azure cloud solution.
BOSTON, Massachusetts, and THE WOODLANDS, Texas—Pyramid Global Hospitality announced the expansion of its U.S. With new developments preparing to open, the company shared 11+ consecutive quarters of marketshare growth. portfolio with the addition of properties from Florida to Hawaii.
In the ever-evolving hospitality industry, revenue management plays a crucial role in maximizing profitability and ensuring sustainable growth for hotels.
In the world of hospitality, data has become the secret weapon for hotels looking to enhance efficiency, increase profits, and deliver exceptional guest experiences. Nearly 75% of hoteliers report using some form of data analytics to drive decision-making processes, according to a recent Hospitality Technology study.
Skift Take: Marriott sees Homes & Villas as a key part of keeping its customers happy to grow its loyalty marketshare, as opposed to dominating the short-term rental market. Selene Brophy Read the Complete Story On Skift
Skift Take: Despite the volatility of the past few years, China is on track to become the world’s largest tourism market by 2032. As domestic travel returns, Accor is gaining marketshare by accelerating growth and tailoring solutions for the Chinese market. Accor Group Read the Complete Story On Skift
In the perpetual quest to achieve greater marketshare, hoteliers constantly seek strategies to help them transcend the competition posed by online travel agencies (OTAs). This is where hotel data revenue can help.
The African Hotel Chain Development Pipeline Report, the most trusted industry source, shows that Egypt holds a 28% marketshare, with the Big 5 hotel groups responsible for 71% of the pipeline across the continent.
Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, showcased its dedication to helping customers increase revenue, expand marketshare, and adapt to shifting dynamics through innovative enhancements in services and data optimization in 2023.
In the hospitality industry, achieving optimal revenue performance used to be the domain of larger, full-service hotels, with smaller and select-service hotels often left to navigate revenue management independently.
Why Remington invested in service when others were cutting back “We knew that business would come back around eventually, and wanted to grab marketshare while everyone is operating very lean. Early on, we saw overall both our guest satisfaction scores and marketshare improving for the entire portfolio.
These projects will continue to encourage existing properties to innovate and update to keep marketshare. Several large-scale projects planned for 2023 and beyond will alter the waterpark landscape at both indoor and outdoor waterparks.
The power or AI; Machine learning and how it is imperative to maintain marketshare and profitability. Introduction - You have the best pricing strategy in place. You have even implemented pricing automation. Last edition we talked about it. Having a powerful RMS is not enough.
ARLINGTON, Virginia—Knowland and Thynk announced a strategic partnership in which data from Thynk’s hospitality CRM solution will be integrated with Knowland’s meetings and events database. The collaboration of these two solutions will enable sellers to work efficiently while making marketshare gains.
CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, announced today the launch of STR Benchmarking, a transformational marketshare product for the global hotel industry.
It involves increasing an organization’s size - its marketshare, revenue, and headcount. Business leaders must approach the growth process with caution. However, it’s crucial to remember that bigger is not always better. Growing a business is a journey fraught with risks.
Fairmont New Orleans will be an impressive new addition to Fairmont’s luxury portfolio in a key North American market," shared Omer Acar, CEO, Fairmont Hotels & Resorts. The city emanates an undeniable energy, with incredible heritage and culture at its core, which is a perfect fit for the iconic Fairmont brand.
In his new role, Wood is responsible for increasing marketshare in the United Kingdom and internationally. Jensen has been in the hospitality industry for over 20 years. WorldVue announced the appointment of Dean Wood as senior director of sales and channel partners.
In my year-end missive following 2023, I reviewed the hotel transaction market dynamics comparing contrarian buyers to downhill skiers who dont want to follow in others tracks and "wanna-bes" to cross country skiers who predominantly follow the leaders tracks.
Mews, the industry-leading hospitality cloud with almost 20% marketshare in the Netherlands, has been chosen by Bastion Hotels, the most successful independently owned hotel chain in the Netherlands, to power their fast-growing collection of hotels.
An event venue connected to a hotel in New York City struggled to capture marketshare. Despite having a premium location and offerings, the venue was being overlooked by potential clients. The standalone website, which served as the primary digital presence for this venue, was seeing minimal traffic and conversions.
“We are confident in the potential of our hotel brands to make a significant impact in new international markets, whilst recognising there is still potential for growth across ANZ.” We are proud to announce our first management agreement in Singapore – a significant milestone in our expansion strategy and ahead of expectation,” Arundel said.
India’s amusement & theme parks industry is still nascent, accounting for only a minuscule global marketshare, however, demand in this segment is expected to increase in the future. Read on to know more.
Online travel agencies are taking back some of the distribution marketshare they lost to hotel chains during the years leading up to the pandemic, as companies such as Expedia Group and Priceline parent Booking Holdings have ramped up marketing investment and product improvements to sell more room nights to prospective U.S.
When new luxury and upper-upscale hotels enter a market, it can serve as a call to action for other hotels to up their game. For these legacy hotels, the challenge is not just to maintain marketshare but also to reinforce their foothold among new entrants.
The business shared the announcement exclusively to HM ahead of the 14th Asia Pacific Hotel Industry Conference and Exhibition (AHICE), which takes place at the Adelaide Oval on May 3-4. “As
For hotels, these changes mean new ways to win marketshare and make a lasting impression. The meetings and events industry is at the crossroads of change and opportunity in 2025. New trends are shaping how events come to life, including unusual venues and AI-driven personalisation.
marketshare. billion and a marketshare of approximately 47%. In 2024, JLL advised on 40 properties representing over $2.4 billion in transactions or a 43.4% Over the past 14 years, JLL completed approximately 770 hotel and resort transactions in the Asia Pacific region valued at over $28.4
First Hospitality , a national hotel operating, management and development company, has appointed Nadia Panasyuk to VP, revenue strategy. Panasyuk brings more than 20 years of hospitality experience in lifestyle, full-service and independent properties to the role.
This isn’t sci-fi; it’s the future of hospitality. And competition intensifies – vacation rentals and alternative accommodations nibble at your marketshare. 2024 is a year of both challenges and opportunities for hotel marketers.
Sabre Hospitality, a division ofSabre Corporation, a leading software and technology provider that powers the global travel industry, has signed a new partnership with Loco Partners in Japan.
This year’s African Hotel Chain Development Pipeline report, widely acknowledged as the industry’s most authoritative source, documenting and analysing the number of hotels being planned and built across the continent, reports a marketshare of 28% for Egypt and 71% for the Big 5 global chains.
Hotel management company EOS Hospitality has appointed Nicole Di Maio-Kennedy as VP, revenue maximization. In this role, she will spearhead the company’s revenue management strategies, driving profitability and marketshare growth across EOS’ portfolio.
marketshare, according to the recently released C9 Hotelworks Asia Branded Residences Market Update, and where Phuket has the highest number of units at 4,771 across 26 developments.Following Thailand is the Philippines with 17.3% share and South Korea with 11.6%. a marketplace valued at USD 26.6
A new joint report from hospitality data supplier STR and short-term rental analytics provider AirDNA shows that competition between short-term rentals and hotels has accelerated in the fight for leisure guests, with the price gap tightening and rental supply falling behind in urban markets. During the pandemic, the U.S.
These projects will continue to encourage existing properties to innovate and update to keep marketshare. New growth is forecasted for indoor and outdoor waterparks in 2024 as several large-scale projects will open that will alter the waterpark landscape.
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