Hotel Management

APRIL 11, 2024

In the 22nd edition of the HM Industry Leaders Forum, HM invited leading hoteliers, tourism professionals and suppliers across Asia Pacific and the world to their insights into the hotel landscape and their outlook for the year ahead. Here, Travel and Leisure Co.

Travel 246

Travel Market Marketing Consumer 246

Hospitality Net

MARCH 11, 2024

Predicting demand for overnight accommodations is essential for everyone in the hospitality and tourism industry. Whether you manage a hotel, a vacation rental, or market an entire destination, understanding what draws people to your area is crucial for making informed business decisions.

Accommodation 186

Accommodation Forecasting Tourism Business 186

Hospitality Net

MARCH 14, 2024

This report covers 39 destinations within Asia Pacific forecasting from 2024 up to 2026 in a series of three possible scenarios.

Forecasting 130

Forecasting Tourism Travel Market 130

Hotel Business

MAY 1, 2023

The World Travel & Tourism Council ’s (WTTC) 2023 Economic Impact Research (EIR) has revealed that the U.S. travel & tourism sector is forecast to exceed the 2019 peak this year. WTTC is also forecasting that the sector will create more than 1.2 WTTC is also forecasting that the sector will create more than 1.2

Tourism 111

Tourism Travel Forecasting Market 111

eHotelier

MAY 6, 2024

Surging inbound tourism will help boost Australia’s hotel occupancy levels this year and next while spurring room rate growth in most markets, particularly Sydney and Brisbane, according to new CBRE forecasts.

Occupancy 52

Occupancy Tourism Forecasting Hotels 52

Hotel Management

NOVEMBER 30, 2023

Uluru is set for a tourism boost with Virgin Australia announcing two new direct services from Melbourne and Brisbane to be introduced from June next year. The new services will also support the growth of the Indigenous Tourism sector, contributing to the Northern Territory’s more than $3 billion visitor expenditure.

Tourism 130

Tourism Travel Forecasting Services 130

Hotel Business

APRIL 8, 2024

The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) revealed that the U.S. Travel & Tourism sector has contributed more to the U.S. According to the global tourism body’s latest research, in 2023 the Travel & Tourism sector’s GDP contribution grew by 7% to reach a total of $2.36

Tourism 59

Tourism Travel Forecasting Market 59

Hotel Management

FEBRUARY 13, 2024

Both Melbourne and Sydney properties are forecasted to have 100% occupancy during concert dates and transient revenue is up to 30% stronger in comparison to other popular concerts,” Hutton told HM exclusively, noting that many hotel guests are asking if they are able to decorate their rooms with Taylor merchandise. ‘On

Occupancy 290

Occupancy Tourism Events Accommodation 290

Hotel News Resource

MAY 2, 2024

Surging inbound tourism will help boost Australia's hotel occupancy levels this year and next while spurring room rate growth in most markets, particularly Sydney and Brisbane, according to new CBRE forecasts.

Occupancy 45

Occupancy Tourism Forecasting Hotels 45

Hotel Business

AUGUST 22, 2023

The World Travel & Tourism Council’s (WTTC) Travel & Tourism Economic Impact 2023 Global Trends Report has revealed an encouraging resurgence in travel & tourism investment, overcoming pandemic setbacks and signaling a strong return to growth. ” A look into the future WTTC forecasts robust 11.5%

Tourism 98

Tourism Travel Forecasting Closing 98

Amadeus Hospitality

JANUARY 23, 2024

Air capacity is well over 100% of 2023 volumes across all regions, demonstrating increased opportunities for travel January 24, 2024 – A new report released today by Amadeus in collaboration with UN Tourism shows a positive trend for air travel and hospitality in the Americas at the start of 2024.

Tourism 80

Tourism Travel Occupancy Forecasting 80

Hotel Business

NOVEMBER 20, 2023

Sojern , a digital marketing platform built for travel, has launched the “ State of Destination Marketing ” report for destination marketing organizations (DMOs). Sojern commissioned this report to ensure its global destination clients have access to the most comprehensive marketing insights.

Market 115

Market Marketing Digital Marketing Marketing Strategy 115

Hotel Management

FEBRUARY 20, 2024

Localized in Southeast Asia, RevPAR levels are just below 2019 levels by less than 2%, driven by high average daily rates (ADRs) as the market saw a shift in consumers’ willingness to pay for quality both product and experience. In 2024, JLL forecasts that value-add opportunities in Southeast Asia will be on the radars of investors.

Real Estate 245

Real Estate Average Daily Rate Occupancy Tourism 245

eHotelier

MARCH 20, 2024

This report covers 39 destinations within Asia Pacific forecasting from 2024 up to 2026 in a series of three possible scenarios.

Forecasting 52

Forecasting Tourism Travel Market 52

Hospitality Today

OCTOBER 2, 2023

WTTC forecasts that China is set to become the world's biggest travel and tourism market in the next three to five years

Market 40

Market Marketing Travel Forecasting 40

Hotel Management

AUGUST 15, 2023

The global business travel market is now expected to reach 2019’s pre-pandemic levels by 2024, two years earlier than expected, following a year of significant gains over the last 12 months. last year, dropping China down to the number two business travel market in the world for the first time since 2014.

Business 245

Business Travel Forecasting Services 245

Hotel Management

MARCH 14, 2024

Hotel occupancy, which is at a market average of 70%, is up 15% year-on-year, but remains down (-9%) on pre-pandemic levels. That is reflected in the new hotel projects that have been delivered since 2020, with 64% of total rooms being in the midscale to upscale segment and 36% in the upper-upscale to luxury end of the market.”

Occupancy 130

Occupancy Events Tourism Hotels 130

Hotel Management

MAY 1, 2023

Every decision is grounded in meeting current market trends and future needs of our modern-day travellers.” Given Sydney’s CBD represents the epicentre of tourism and business within Australia, and noting the breadth of ancillary services (retail, hospitality, etc.),

Retail 246

Retail Accommodation Branding Forecasting 246

Hotel Business

JANUARY 25, 2024

JLL’s Hotels & Hospitality Group ‘s Global Hotel Investment Outlook 2024 forecasts that global hotel investment volume will increase 15% to 25% year-over-year. This trend is spurred by increasing global wealth and the ongoing convergence of living and traveling, respectively.

Real Estate 126

Real Estate Consumer Tourism Hotels 126

Hotel Business

NOVEMBER 29, 2023

In October, Omnitrak’s Travel Market Penetration Index edged downward to 98.7 The slowdown in October travel market penetration aligned closely with 2022 levels, pulling the numbers below the usual summer-to-fall seasonal changes in travel demand,” said Chris Kam, president/COO, Omnitrak. According to Omnitrak , U.S. index levels.

Market Penetration 64

Market Penetration Travel Forecasting Closing 64

Hotel Management

AUGUST 15, 2023

United Airlines’ Vice President of Sales Strategies and Effectiveness, Glenn Hollister, says the company is excited about the rapid return of the global business travel market, which the Global Travel Business Association (GBTA) forecasts now shows a return to 2019 levels by the end of 2024, two years ahead of schedule.

Business 130

Business Travel Forecasting Events 130

Hotelier Magazine

AUGUST 29, 2023

“Bankers, consultants, and federal employees are not travelling to the same extent as they were pre-pandemic, which shows in the lag of recovery of weekday occupancy in our largest urban markets.” Among the major markets, Vancouver saw the highest occupancy (87 per cent), which was 2.4 per cent), which was five per cent above 2022.

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Hotels 52

Inn Quest

MARCH 23, 2023

million Chinese tourists entered Australia each year before the pandemic (Statista). In this article, we’ll take a look at some key statistics about the market in general, and the situation regarding our recovery from the pandemic. According to Tourism Australia, there were 2.2 billion and is expected to grow by 13.3%

Forecasting 52

Forecasting Tourism Average Daily Rate Hotels 52

Hotelier Magazine

DECEMBER 14, 2023

as compared to $113.43 as compared to $113.43 The post Cushman & Wakefield Releases Hospitality Innsights Q3 2023 Report appeared first on Hotelier Magazine.

Hospitality 52

Hospitality Forecasting Consumer Tourism 52

Hospitality Times

JANUARY 25, 2022

It comes ahead of a new VisitBritain £10 million international marketing campaign targeting the UK’s most valuable visitor markets of Europe and the USA which will launch in February. The government has backed tourism, hospitality and leisure organisations through the pandemic with more than £37 billion in funding and support.

Tourism 40

Tourism Events Business Travel 40

Hotel Business

MAY 11, 2023

“New York City is expected to welcome more than 60 million visitors in 2023 and approach pre-pandemic levels of tourism,” said Brian Ferdinand, chairman/CEO, LuxUrban Hotels. Nearby attractions include the Grammy Museum, Museum of Contemporary Art and Walt Disney Concert Hall. “We

Operations 97

Operations Hotels Forecasting Closing 97

SiteMinder

MAY 8, 2024

Hotels in Thailand stood tall during the country’s largest and most important cultural event,” says Bradley Haines, market vice president of Asia Pacific at SiteMinder. 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.

Average Daily Rate 52

Average Daily Rate Revenue Hotels Forecasting 52

SiteMinder

MAY 6, 2024

We witnessed a significantly elevated room rate for this concert period in Mexico City,” comments Jason Lugo, Market Vice President of the Americas at SiteMinder. 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

STAAH

AUGUST 22, 2023

Anticipating your demand The first step to optimise for low occupancy periods is to understand when they happen – forecasting demand is critical to manage it. However, a better picture can be drawn if you look outside into the real world for this data – competitor rates, airline prices and even economic forecasts are important to consider.

Occupancy 77

Occupancy Forecasting OTA Revenue 77

Hotelier Magazine

JUNE 29, 2023

Among the major markets, Vancouver reported the highest occupancy (83 per cent), which was 8.5 At the market level, the lowest occupancy was reported in Edmonton (60.9 Among the provinces and territories, Newfoundland recorded the highest May occupancy level (79.9 per cent), which was up 46 per cent YOY. per cent above May 2022.

Average Daily Rate 59

Average Daily Rate Occupancy Forecasting Hotels 59

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.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

Social Tables

JANUARY 14, 2022

2021 also brought about many exciting developments in hospitality technology, digital marketing, hotel services, and changes in travel trends. Exchanges focus around meeting face-to-face with a wide array of vendors, buyers, and mountain tourism suppliers from around the world. Exchanges will be held at the Dobson Ice Arena.

Hospitality 158

Hospitality Events Tourism Business 158

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

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. Family travel makes up 30% of global outbound tourism trips. The US tourism sector is worth almost $8 billion.

Travel 52

Travel Accommodation Tourism Hotels 52

SiteMinder

DECEMBER 4, 2023

This kind of data is invaluable for hoteliers who want to analyse performance, benchmark, forecast, and plan strategically to ensure business success. Here are some other key stats on the US hotel industry: The hotel market in the US is worth more than $106 billion. Hotel market revenue is worth close to $22 billion.

Occupancy 59

Occupancy Hotels Average Length of Stay Revenue 59

eZee Absolute

NOVEMBER 1, 2022

TMR ) The market size of the global hotel and resort industry, which was $1.52 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. Marketing Efficiency. billion in 2021. ( Statista ).

Hospitality 52

Hospitality Revenue Management Revenue Travel 52

Amadeus Hospitality

DECEMBER 20, 2022

Delphi Select , a streamlined version of Delphi for select service properties, as well as management companies and hotel chains needing all properties to work within the same database, has now been translated into French – with German and Spanish to follow in early 2023 – allowing the solution to expand into several new markets.

Shopping 52

Shopping Services Market Marketing 52