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In Asia-Pacific, that means handling the surge in visitors while keeping it sustainable, nailing targetedmarketing, and leveling out those seasonal travel waves. Skift Take: Global tourism is bouncing back big in 2024, but staying ahead means thinking smart and staying agile.
Our vision is to build upon the legacy of innovative lifestyle and experiential hospitality concepts targeting the Millennial and Gen Z nomadic travellers and their needs and preferences, said Hassin.
Communication, travel, networking, education, e-commerce, news, finance and so much more. This reflects the growth of the company from simply an airline to “an investment holding company (CapitalA) with a portfolio of synergistic travel and lifestyle businesses that leverage data and technology”.
With the global luxury travelmarket poised to rake in $1.48 trillion by 2024 , the need for luxury travel experiences hasn’t slowed one iota, necessitating luxury travel ads. What makes a travel ad “luxury? What makes a travel ad “luxury?” Here are some ways it’s been done.
The distinction between business and leisure travel used to be clear. More than 60% of business travelers now add leisure time to their trips showing a big change in travel preferences. Understanding Bleisure Travel Bleisure travel combines work trips with fun activities. Now, this line fades quicker than ever.
ATEC also recommends an additional budget of AU$5 million per annum be allocated to Tourism Australia to undertake promotional activities encouraging WHM to travel and work across Australia, and that targetedmarketing efforts are implemented to promote regional dispersion of WHMs.
Here are 8 smart pricing strategies for hotels to boost revenue and drive more bookings during the holiday season The holiday season marks a period of increased travel, festive cheer, and heightened demand in the hospitality industry. Craft targetedmarketing campaigns that resonate with specific audience segments.
Did you know that nearly 70% of travelers turn to search engines when planning their trips. With this in mind, understanding the full impact of travelmarketing has never been more essential. Travelmarketingtargets potential tourists by promoting unique destinations, accommodations, and services through digital channels.
This means identifying who your targetmarket is, their needs and preferences, and how you can best serve them. For example, your targetmarket is mainly business travelers. Develop a Strong Marketing Strategy Once you clearly understand your targetmarket, developing a solid marketing strategy is next.
The secret often lies in their ability to master market segmentation - a strategy that's becoming increasingly crucial in today's diverse hospitality landscape. Business travelers typically seek workspace-friendly rooms with fast Wi-Fi, while families require spacious accommodations with connecting rooms.
Understanding the difference between online booking and travel agency services is crucial for hotel owners and managers looking to optimize their revenue streams. In contrast, a Travel Agency typically involves a human element where agents assist clients in planning their trips. Travel Agency vs Online Booking: Which is Better?
Assess whether the program aligns with your hotel’s offerings and targetmarket. In the 2024 Global Meetings & Events Forecast by American Express Global Business Travel , 78% aim for a net zero footprint by 2024, which is influencing venue selections.
“We have a very ambitious target to triple the number of hotels from 80 to 250 by 2035. The majority of [new hotels] will be outside Japan, and Australia is one of the key targetmarkets. Takanawa Hanakohro “Historically, the relationship between Japan and Australia has been always good,” Kaneda said. million in 2023]. “I
Read full blog Sustainable Hospitality: Meeting the needs of today’s eco-conscious traveler Clearly, sustainability has been a major priority trending this year. It involves identifying targetmarkets, setting sales goals, and creating a plan to achieve those goals.
By providing state-of-the-art facilities and services such as catering, audio-visual equipment, and event planning, hotels can attract business travelers and event organizers. 3) Wellness and Spa Services Investing in a spa, fitness center, or wellness programs can attract health-conscious travelers.
The luxury travelmarket was valued at a staggering $241.4 And this number is only set to increase with the rise in disposable income and social media presence — resulting in luxury travel becoming a hot commodity among travelers willing to pay premium prices. But what exactly makes luxury travel brands so appealing?
Here’s what to include in your executive summary: Hotel concept: Briefly describe your hotel’s unique features, targetmarket, and overall vision. Marketing strategy: Highlight your key marketing initiatives, such as online advertising, social media engagement, or partnerships with travel agencies.
McKinsey & Company estimates that domestic travel will experience a three-percent rate of growth per year. How do you make marketing for hospitality and tourism successful? How do you make marketing for hospitality and tourism successful? That means your hospitality and travel agency needs a solid online presence.
The world of travel and hospitality has always been at the mercy of change. As travelers become savvier, they’re looking for more than just a place to stay — they want a truly memorable experience. Meanwhile, AI-powered bots are helping travelers navigate complex processes like flight cancellations and refunds with ease.
We focus on extended stay corporate travel but, because of all the great amenities and spa, we do get our share of leisure. A lot of the target [market] was around project-focused corporate opportunity. Is it mostly corporate guests or are you seeing much on the leisure side? It is a mix.
Channel Manager Managing multiple distribution channels, from Online Travel Agents (OTAs) to direct bookings, can be complex without the right tools. Tip for Hoteliers: A good channel manager helps hoteliers maximize their visibility across multiple online travel agencies (OTAs) and direct booking platforms.
Consider demographics, psychographics (values, interests, and lifestyle), and travel motivations. Partner with relevant media outlets and social media influencers to reach the target audience and generate positive brand awareness. The luxury travel landscape is dynamic. Luxury is multifaceted.
Net rate : This is the rate after subtracting any commissions or fees, often used in negotiations with online travel agencies (OTAs) or corporate bookings. Market demand: Adjust for seasonality , local events, and travel trends. Its a dependable benchmark for your revenue targets.
Subscriptions appeal to frequent travellers or remote workers seeking more flexible lodging arrangements, and they help hotels build a steady flow of income while strengthening relationships with their guests. This model works well for business travellers, remote workers, or frequent visitors.
Here’s how brand positioning works: Target Audience: Who are your ideal guests? Are you targeting families seeking adventure, couples craving romance, or business travellers prioritising efficiency? Understanding your target audience is the first step to crafting a brand that resonates with their needs and desires.
Medium sized hotel brands can grow a significant revenue stream by promoting their Airbnb listings , considering how popular the platform is among travellers. Listing on Airbnb can be a more cost-effective marketing strategy compared to traditional advertising, with fees primarily commission-based, aligning costs directly with bookings.
An additional step is understanding the market segmentation of your local market: knowing what travellers are already staying in your market sets the tone for establishing fair share and fuels meaningful comparisons as well as realistic outlooks. Source market (which may be different from a traveller’s nationality).
Bed and breakfast marketing is a specific approach to marketing your B&B business for attracting potential guests, getting more bookings, and increasing room revenue. It usually involves using various channels such as your website, listings on booking sites, and social media to gain the attention of travellers.
The advent of Online Travel Agencies (OTAs) has revolutionized the hospitality sector. It allows travellers to compare rates and services of multiple properties. Understanding OTAs OTAs refer to Online Travel Agencies, which are online hotel booking websites for travelers and online sales channels for hotels.
It consists of remote employees or executives from one or more companies who devote time to discuss their business strategies, work on projects, or brainstorm ideas for future growth — all without traveling for an extended period. Relationship Marketing Fills a Better Funnel Why should hotel salespeople care?
market accounting for 22 per cent of tourism spending in the province, cross-border travel and trade remain essential to the industrys health. Shifts in immigration policies, tariffs and trade agreements will significantly impact travel patterns, consumer behaviour and operator costs. Lack of targetedmarketing in key U.S.
These days, more consumers are going online to make purchases, and travel is no exception. For travelers, there’s a lot riding on vacations, including money, well-being, and precious leisure time. Travelers, therefore, tend to be extra careful when planning trips, visiting multiple travel sites, and comparing pricing and options.
By Morag McKenzie Positioned at the top of the upscale select-service segment, Hyatt Place is a global brand with a growth focus on the locations that matter most to Canadian and international business and leisure travellers.
The remarkable service and awe-inspiring ocean views leave a lasting impression on both local and global travellers, making it a coveted destination on their must-visit lists. Although the targetmarket has since changed, what remains constant is the hotel’s standards and work ethic.
Instant gratification is a significant factor in travelers’ behavior when researching their next trip. The hospitality chatbot’s main goal is to help travelers find solutions no matter where or what device they use. The travel industry is ranked among the top 5 for chatbot applications, accounting for 16% of their use.
They enable personalized experiences, data collection, and targetedmarketing efforts. With an increasing number of travelers using mobile devices to research and book accommodations, a mobile-friendly website is essential for capturing direct bookings.
For independent properties, another challenge is competing with global loyalty programs offered by big hotel brands and online travel agencies (OTAs). In today’s discount-driven marketplace, hotels often try to “buy loyalty” from travelers with special rates and value-adds. Besides, not all travelers love loyalty programs.
As travelers become pickier and competition grows tougher, hotels and resorts need to up their game. Let's explore some tried-and-true ways to make your place stand out in the busy hospitality market. It's vital to understand your targetmarket. Partner with Local Agents Remember travel agents!
We’ll also talk about how Hotelogix can make content marketing easier and more effective. 5 Reasons Hotels Need Content Marketing Helps More People Find Your Hotel To attract more guests, your hotel must be easy to find online. Keeps Guests Interested Marketing is not just about advertising. Travel trends keep changing.
These platforms provide travelers with insights into the services, amenities, and experiences hotels offer, making them pivotal in the decision-making process for accommodations. These websites serve as a critical resource for travelers looking to make informed decisions based on past guests' experiences.
Strategic marketing and distribution: Optimize your presence across all distribution/sales channels. Run targetedmarketing campaigns to attract high-value guests. Make the best use of social media and content marketing. Participate in travel trade shows and online travel forums to network and attract new guests.
Did you know that 70% of travelers now plan their trips online , with mobile devices driving over half of all bookings? Travelers are booking smarter than ever, using search engines, OTAs, and social media to shape their journeys. This is the power of email marketing it keeps your hotel relevant, memorable, and approachable.
Here are some things to consider when building your distribution strategy: 1) Understand your targetmarket. What are the demographics, their reason to travel (business or leisure), how they book accommodation and for how long, length of stays, etc? 2) Data sources.
When it comes to winning over travelers, it’s all about making your mark. Here are some tips for effective partnerships: Influencer Collaborations: Partner with travel influencers who can introduce your property to their followers. Ensure the influencer’s audience aligns with your targetmarket for maximum impact.
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