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Today’s hospitality markets have new challenges to overcome—especially resorts. No sooner have they begun to regain marketshare in a post-pandemic world when an economic recession is causing guests to become more cautious of where and when they spend their money and time. The good news is that they continue to spend.
Skift Take: The Indian aviation sector is adding more airports across the country, and airlines are investing in upgrading and expanding their fleets. A consistent growth in domestic air passenger traffic is crucial to their return on investments, especially as international airlines are eyeing this growing consumer base.
The Starwood founder warns that nimble upstarts will steal their marketshare one social media post at a time. Skift Take: Barry Sternlicht sees trouble brewing for big hotel chains. Read the Complete Story On Skift
Skift Take: China's state-owned plane maker is presenting the COMAC C919 on the international stage with high hopes of stealing marketshare from Airbus and Boeing. Gordon Smith Read the Complete Story On Skift
Skift Take: If stiff regulation doesn't get in the way, it is very likely that short-term rentals will take a chunk of marketshare from hotels. That's why you'll see more hotels getting into the vacation rental biz. Dennis Schaal Read the Complete Story On Skift
Points range from the performance of their loyalty programs to how they're taking marketshare. Skift Take: A dozen things jumped out at Skift when looking at Marriott and Hilton's annual financial filings. Sean O'Neill Read the Complete Story On Skift
Skift Take: In the battle between Tripadvisor/Viator and GetYourGuide, the winner is — offline experiences, which have more than 90 percent marketshare. That spells big opportunities for both of these companies. Dennis Schaal Read the Complete Story On Skift
Skift Take: Taipei-based tours and activities operator KKday wants to grow its marketshare, but with it comes delivery challenges beyond the sector's offline fragmentation. Selene Brophy Read the Complete Story On Skift
Skift Take: As it seeks to deepen its marketshare and broaden its portfolio, Brigade Hotel's IPO plans highlights not just the company’s growth potential, but also the broader optimism surrounding India’s hospitality industry. Peden Doma Bhutia Read the Complete Story On Skift
Its ability to overhaul operations, modernize services, and win back marketshare will determine whether it can compete effectively against heavyweights like Emirates and the ever-dominant Indigo. Peden Doma Bhutia Read the Complete Story On Skift
Skift Take: The hotel brands have largely captured marketshare in the upscale segment and are now expanding their portfolios into the relatively un-penetrated luxury and midscale/premium economy space that offer the greatest opportunity for further branded share gains. Pranavi Agarwal Read the Complete Story On Skift
Skift Take: Marriott sees Homes & Villas as a key part of keeping its customers happy to grow its loyalty marketshare, as opposed to dominating the short-term rental market. Selene Brophy Read the Complete Story On Skift
This acquisition underscores our continued appetite for transactions that offer strong growth potential in both marketshare and asset value,” said Mehul Patel, managing partner and CEO, NewcrestImage.
Skift Take: Despite the volatility of the past few years, China is on track to become the world’s largest tourism market by 2032. As domestic travel returns, Accor is gaining marketshare by accelerating growth and tailoring solutions for the Chinese market. Accor Group Read the Complete Story On Skift
Why Remington invested in service when others were cutting back “We knew that business would come back around eventually, and wanted to grab marketshare while everyone is operating very lean. Early on, we saw overall both our guest satisfaction scores and marketshare improving for the entire portfolio.
Skift Take: TUI's ability to move beyond its safe middle-market playground through an expanded luxury offering came under the spotlight at the Skift Future of Lodging Forum. Ultimately, a brand's marketshare is way more than customer segments — it's really rooted in experience and value.
Is it the challenge of maintaining your companys marketshare? As you take stock of your teams performance, what concerns you most? Are you worried that your salespeople are not selling? Are you concerned that they even have what it takes to sell?
Faced with persistent labor shortages, increased price sensitivity from travelers, and a rising marketshare for branded hotelswhich now represent 72 percent of all U.S. The findings reveal 2025 is set to be the year of optimizing performance for independent hoteliers.
of industry-wide marketshare, up from 15.2% Hotel demand fell 1.6% in December, while short-term rental demand rose 4.3%. Short-term rentals now represent roughly 18.6% prior to the pandemic.
This isn't just a theory; it directly affects your revenue, profitability, and marketshare. Winning demands data-driven decisions integrated across your commercial teams and, crucially, forward-looking. The gap between data-savvy hotels and those using outdated methods is growing fast.
Hayashiwill be responsible for helping Omni achievestrategic goals related to maximizing topline revenue performance and capturing more marketshare. DALLAS, TexasOmni Hotels & Resortsannounced the appointment of Adam Hayashi as its Chief Revenue Officer. He will report directly to Jeff Doane, Omnis Chief Commercial Officer.
Skift Take: Despite having the largest marketshare in India and a fleet size of 350 jets, the low-cost carrier has only operated narrow-body aircraft. Bulbul Dhawan Read the Complete Story On Skift
Chambers will also continue to lead the HVMG Revenue Excellence team in maximizing marketshare growth and leading the team to deliver revenue strategies, systems and processes to above-property operations team members, hotel teams and hotel owners. He has been a contributor, mentor and leader throughout our organization.
Fairmont New Orleans will be an impressive new addition to Fairmont’s luxury portfolio in a key North American market,” shared Omer […] The post Fairmont New Orleans to Open in Summer 2025 appeared first on LODGING Magazine.
Remaining relevant to guests is key, and those that don’t are at risk of losing marketshare. The post Building customer relevance to grow marketshare appeared first on Boutique Hotel News. As a result, properties face the challenge of a dapt ing their strategies to match these changing behaviours.
This property acquisition adds to its base in the Orlando market, bringing the total to eight properties and 1,521 rooms. With ownership and operation in the Orlando Airport submarket since 1995, Auro is positioned to leverage its sales and revenue management teams to drive marketshare and operating efficiency.
The expansion of QT, Rydges and Atura will initially focus on Southeast Asia, while budget accommodation brand LyLo will concentrate on the Australian market and assess other international markets that attract Gen Z travellers. The post EVT goes international with signing of iconic Singapore hotel appeared first on Hotel Management.
The collaboration of these two solutions will enable sellers to work efficiently while making marketshare gains. ARLINGTON, Virginia—Knowland and Thynk announced a strategic partnership in which data from Thynk’s hospitality CRM solution will be integrated with Knowland’s meetings and events database.
At BWH Hotels, Bagley will focus on strengthening brand presence across the APAC market, expanding marketshare, and building a robust pipeline for BWH and WorldHotels brands. I love the thrill of chasing business leads and meeting new people, Bagley said.
In his new role, Wood is responsible for increasing marketshare in the United Kingdom and internationally. WorldVue announced the appointment of Dean Wood as senior director of sales and channel partners. Jensen has been in the hospitality industry for over 20 years.
With new developments preparing to open, the company shared 11+ consecutive quarters of marketshare growth. BOSTON, Massachusetts, and THE WOODLANDS, Texas—Pyramid Global Hospitality announced the expansion of its U.S. portfolio with the addition of properties from Florida to Hawaii. portfolio.
How can travel companies fully capitalize on the burgeoning attraction economy? Despite significant growth potential, a critical infrastructure gap persists. According to recent industry research, connectivity remains an ongoing challenge for large and enterprise visitor attractions, as well as for resellers.
In May, short-term rentals continued to take share from hotels, with demand growing 13% compared with a 1.5% increase in hotel demand. While RevPAR growth for STRs was positive, up 4.2%, occupancy has dropped to below pre-pandemic levels as supply growth has continued to increase.
While wireless Internet access became available in the late 1990s, it wasn't until a few years after the turn of the millennium did it resurfaced and gained traction and popularity. Devices like the Kindle e-reader, iPho.
hoteliers are navigating challenges in marketshare growth due to the absence of a national tourism strategy and the rapid evolution of digital technologies.
General managers that put more effort into the commercial work in the hotel will likely steal marketshare from the competition. Here are three things that are the top priorities in 2023 for hotel general managers.
Despite taking share from hotels, increasing supply has created occupancy headwinds for short term rentals causing RevPAR to contract 6.6%. Hotel demand fell 2.0% in January, while short-term rental demand rose 1.3%.
Sabre Hospitality, a division ofSabre Corporation, a leading software and technology provider that powers the global travel industry, has signed a new partnership with Loco Partners in Japan.
short-term rental sector used its supply flexibility to recover faster than hotels, especially in coastal and mountain destinations, pushing rentals’ marketshare to a record 17% of total lodging in summer 2020. During the pandemic, the U.S. ” Hotels lead in cities .
“The City of Sydney is a new hospitality market for lyf where we have a first in market advantage in an area with high population growth forecasts for urban professionals.
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