article thumbnail

Travel Boom Spurs Record Marketing Spending by OTAs in Q1

Hotel Speak

billion in marketing spend during Q1. This suggests a heightened focus on capturing market share by Expedia Group. Airbnb, the accommodation rental platform, also increased its marketing spend by 14.2% Both companies surpassed $1.6 to $514 million in Q1.

OTA 103
article thumbnail

Cloudbeds report signals new priorities for hostels in 2025

Cloudbeds

We’re committed to empowering this vital lodging segment with the data, insights, and tools they need to capture market share and thrive in 2025. This could indicate travelers increased confidence in sharing spaces. OTA bookings had the highest cancellation rate at 19%, followed by wholesale bookings at 14%.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Navigating the 2024 Hospitality Trendscape – A Guide for Hoteliers

Hotel Speak

Safety remains paramount, and highlighting your hygiene protocols and flexible cancellation policies builds trust. And competition intensifies – vacation rentals and alternative accommodations nibble at your market share. 2024 is a year of both challenges and opportunities for hotel marketers.

article thumbnail

How Google Hotel Ads is Penetrating the Hotel Distribution Vertical, and the Opportunity this Presents for Hotels

Xotels

Google is taking the hotel industry by storm to gain market share and grow their advertising revenues. We will take a look at how Google is penetrating the hotel distribution vertical with Google Hotel Ads, and what opportunities this gives in terms of hotel revenue management and marketing. From Hotel Finder to GHA.

article thumbnail

An Unpredictable Market With Silver Linings: Hotel Performance In 2024

Hotel Speak

Good weather can lead to a sudden spike in bookings, while poor weather can result in cancellations and slower demand. This long-term planning is necessary to navigate the competitive landscape, where branded hotels are vying for market share. In fact, the global MICE market is projected to grow from $970.76

Marketing 105
article thumbnail

Worldspan GDS: How does it work?

SiteMinder

Worldspan commands a significant market share amongst GDS vendors, so can be a significant source of bookings and revenue for travel service providers like hotels. Does Worldspan GDS still exist? Seamless booking and confirmation processes On the travel agent end of Worldspan, the booking process is seamless.

article thumbnail

3 Ways to Elevate Your Hotel Sales Strategy for 2024

Amadeus Hospitality

Even highlighting “free cancellation” or other flexible policies can work to enhance the hotel’s sales and revenue strategies. Don’t forget to market the same offers on third party channels you know leisure travelers use, such as social media, metasearch , online travel agencies, and more to maximize bookings.

Sales 52