SiteMinder

SEPTEMBER 7, 2023

Reservation cancellation fees These are charged when guests cancel their bookings, especially if done at the last minute. They help mitigate the revenue loss from unsold rooms and encourage responsible booking behaviour.

Revenue 105

Revenue Hotels Services Cancellation 105

SiteMinder

FEBRUARY 25, 2024

Almost one in five hotel rooms booked online are cancelled prior to travel. In other news: By 2030, China will be the largest outbound tourism group with 126 million trips. By 2026, travel and tourism is expected to support 370 million jobs , equal to one in nine jobs globally. of US tourism spend in 2022.

Hospitality 52

Hospitality Cancellation OTA Tourism 52

SiteMinder

SEPTEMBER 18, 2024

Operating hotels in one of the most saturated tourism markets in the Southeast means that we must always continue evolving and investing in our growth both as a brand and with our offerings to guests,” she explained. “As AI has already started to benefit our revenue management through suggested rate optimizations and trend forecasting.

Scale 52

Scale Resorts Management Business 52

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Airbnb is quickly becoming a mainstay for hotels who want to drive additional revenue. The average cancellation rate is 20%. Hotels and tourism typically make up 10% of worldwide GDP.

Occupancy 59

Occupancy Hotels Revenue Average Length of Stay 59

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. 67% of families say that they now check cancellation policies when making travel arrangements and 47% say they now buy travel insurance.

Travel 52

Travel Accommodation Tourism Hotels 52

Cloudbeds

DECEMBER 4, 2024

By integrating spa software with existing hotel technology , hoteliers can streamline guest services, enhance satisfaction, and ultimately drive revenue, capitalizing on the growing demand for wellness tourism. Communication Reduce no-shows and last-minute cancellations with software that offers communication solutions.

Revenue 52

Revenue Upsell Operations Services 52

eZee Absolute

NOVEMBER 19, 2023

While that has affected all industries, it takes a huge portion of the issues and challenges faced by the tourism and hospitality industry. Consider implementing useful cost-saving strategies at your property, which would help you manage the rising costs.

Hotels 98

Hotels Hiring Services Business 98