SiteMinder

MAY 6, 2024

Pop star Madonna’s five sold-out Mexico City shows in April have given a significant boost to the capital’s accommodation industry. As travellers book further in advance, hoteliers are in a better position to forecast periods of heightened demand and dynamically optimise their revenue management.

Revenue 59

Revenue Accommodation Hotels Forecasting 59

SiteMinder

MAY 8, 2024

As more and more travellers are scheduling and booking their stays around major events well in advance, hotels must stay ahead of demand-driving tourism trends. They can capitalise on revenue opportunities by dynamically pricing rooms based on forecasts or offering upgrades and extras even before guests check in,” shares Haines.

Average Daily Rate 52

Average Daily Rate Revenue Hotels Forecasting 52

SiteMinder

NOVEMBER 30, 2023

Travel statistics refer to data and information related to various aspects of the travel industry, such as travel trends, traveller behaviour, tourism spending, accommodation metrics, and more. Artificial intelligence will become an accommodation recommendation tool for 68% of millennials.

Travel 52

Travel Accommodation Tourism Hotels 52

Hotel Business

DECEMBER 12, 2022

The data covers key hotel performance indicators such as occupancy, RevPAR, booking lead time, length of stay, international and domestic travel, direct and OTA bookings, as well as upsell performance to forecast trends shaping the hotel industry in 2023. Domestic tourism is still going strong. Hotels are generating better revenue.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

SiteMinder

SEPTEMBER 20, 2022

Accommodation. Accommodation or guest lodging is the hospitality sector in charge of overnight stays, whether that is one or many nights. Travel & Tourism. For this reason, many hotel businesses now use a set of market forecasting tools that involve, for example, flight data. Check your inbox, we've sent you an email.

Hospitality 59

Hospitality Casinos Accommodation Operations 59

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 Market Marketing 52

Little Hotelier

FEBRUARY 28, 2024

A hotel website design company, AKA a hotel website design agency or development firm, is a business that offers specialised hotel web design services that help accommodation providers find more potential guests and secure more direct bookings. In-depth knowledge of the hospitality industry and local tourism market.

Hotels 52

Hotels Accommodation Revenue Business 52

Hotel Business

SEPTEMBER 28, 2023

This is obviously a plus for our industry as a whole, but also the meetings and events space, which Knowland forecasts will achieve a 114% recovery in 2023 compared to 2019. If they succeed, they’ll jeopardize the safety of both hotel guests and workers, virtually destroy the city’s tourism industry, and cause massive job losses.

Events 59

Events Hiring Forecasting Travel 59

SiteMinder

DECEMBER 4, 2023

Hotel industry statistics refer to data and metrics relating to hotels and other accommodations in the industry. This kind of data is invaluable for hoteliers who want to analyse performance, benchmark, forecast, and plan strategically to ensure business success. s accommodation industry employs about 1.6 million people.

Occupancy 59

Occupancy Hotels Average Length of Stay Revenue 59

eZee Absolute

NOVEMBER 1, 2022

Statista ) In 2022, the global hotel and resort industry market was forecast to reach $1.06 AHLA ) In 2022, the global travel and tourism revenue will reach over $600 million. Statista ) In 2021, a2,246 hotels opened worldwide, with a forecast increase of 2,805 hotel openings in 2022. billion in 2021. ( Statista ). Statista ).

Hospitality 52

Hospitality Revenue Management Revenue Travel 52

SiteMinder

SEPTEMBER 12, 2023

Travel wholesalers are B2B companies that purchase hotel room inventory in bulk at a discounted rate and sell it to OTAs, travel agents, tour operators, airlines, and other travel or accommodation sellers. Also known as bed banks, wholesalers are a ‘middleman’ sitting between travel agents and travel suppliers (in this case your hotel).

Travel 52

Travel Hotels B2B OTA 52

Hotel Business

OCTOBER 27, 2023

For full-year 2023, the group is confirming its forecast of net unit growth in the network between 2% and 3%. Reimbursements of hotel personnel costs were lower than in the third quarter of 2022, which included the re-invoicing of costs incurred under the accommodation management agreement for the Football World Cup in Qatar in 2022.

Revenue 72

Revenue Occupancy Services Management 72

Cloudbeds

APRIL 30, 2024

Adjusting your room prices based on real-time forecasts and competitor data means you can seize every revenue opportunity, irrespective of whether you’re in a period of low or high demand. Some destinations may be evergreen tourism hotspots, while others may have fluctuations due to a newer craze.

Revenue Management 52

Revenue Management Revenue Occupancy Hotels 52

Cloudbeds

MARCH 23, 2023

In the hotel industry, eCommerce refers to the buying and selling of accommodation and related services over the internet. The Cloudbeds Hospitality Platform provides all these tools and more in one centralized system, allowing accommodation operators to manage guest profiles, reservations, payments, and other tasks on an integrated platform.

OTA 98

OTA Digital Marketing Travel Hotels 98

Xotels

NOVEMBER 23, 2023

Hotel Management: Always talks about hospitality in accommodation Hospitality Management: Usually refers to a broader definition, incl. Hotel management handles budgeting, revenue forecasting , cost control , and financial analysis to ensure profitability while maintaining service quality. restaurants, bars, etc.

Management 40

Management Revenue Management Hotels Operations 40

Xotels

NOVEMBER 23, 2023

Hotel Management: Always talks about hospitality in accommodation Hospitality Management: Usually refers to a broader definition, incl. Hotel management handles budgeting, revenue forecasting , cost control , and financial analysis to ensure profitability while maintaining service quality. restaurants, bars, etc.

Management 40

Management Revenue Management Hotels Operations 40