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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. According to American Express Global Business, during the third quarter of 2022, business travel reached 71% of pre-pandemic levels.
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.
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: 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
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
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
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.
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.
Imagine a world where every part of the travel industry works together seamlesslyairlines filling seats, hotels boosting bookings, and destinations attracting their desired type of visitors. This is exactly what Amadeus Media Solutions does: we connect the entire travel ecosystem to create success for everyone. Thats where we come in.
At US Travel’s IPW – the largest generator of international inbound travel to the United States – in Los Angeles last week (May 3-7), the Association’s President and CEO Geoff Freeman shared a vision to make travel a national priority, solve barriers to visitation growth and become the most-visited nation in the world. “It
on 2019, while business travel grew 9.6% Despite difficult operating conditions, last financial year saw continued growth for holidays to the Sunshine Coast, which helped build our marketshare and increase tourism expenditure,” said Visit Sunshine Coast CEO, Matt Stoeckel. YOY, and 64.6% higher than in 2019.
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.
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.
Citadines Walker is the second Citadines Hotel to be opened in NSW, and the fourth in the Australian market. A resurgence in business travel has seen the brand become the fastest growing in Ascott’s global portfolio, with 21 new Citadines hotels opening this year.
Together with the staffing crisis that the industry is grappling with, one theme has dominated discussions over the last few months – what are hotels doing to service the post-Covid traveller? Remaining relevant to guests is key, and those that don’t are at risk of losing marketshare. Who is your customer? .
The hospitality and travel industry is experiencing a spending surge, with online travel agencies (OTAs) like Expedia Group, Booking Holdings, Airbnb, and Trip.com Group collectively spending a record $4.08 billion on sales and marketing in the first quarter (Q1) of 2024. billion in marketing spend during Q1.
LONDON, 9TH OCTOBER 2024 – The pressure is on for UK hotel operators as new data shows that short-term rental (STR) business have grown 16 times faster in the last decade, reflecting the changing priorities of travellers seeking experience-led accommodation. In contrast, the number of hotel businesses grew by only 5.6%
Every decision is grounded in meeting current market trends and future needs of our modern-day travellers.” Ascott acquired the Oakwood portfolio last year Lyf is an accommodation concept targeting next-generation travellers including non-traditional corporates such as digital nomads, start-ups, entrepreneurs and creatives.
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 . . ” Hotels lead in cities .
Travelport GDS is a global distribution system vendor that connects travel service providers (hotels, airlines, car hire companies) with travel agents who book these services on behalf of their clients. What is the marketshare of Travelport GDS? What is Travelport GDS? What does Travelport GDS do?
In the perpetual quest to achieve greater marketshare, hoteliers constantly seek strategies to help them transcend the competition posed by online travel agencies (OTAs). This is where hotel data revenue can help.
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.
The battle for direct bookings has entered a new phase as online travel agents ramp up efforts to establish ownership of hotel guests and their booking journeys
The global luxury travelmarket is huge, not in the number of guests with substantial buying power but the astonishing level of buying power that these luxury travellers have. The global Luxury tourism market had an estimated total revenue of USD 1,308.15 travellers overall take an average of 4.8 billion by 2032.
As tech-savvy travelers increasingly choose hotels that cater to their digital needs, the writing is on the wall: those who resist change risk losing marketshare and revenue to more forward-thinking competitors.
What type of traveller does Moxy appeal to? How is the hotel catering to that airport traveller? And we have all the travel essentials that that might need. Are you welcoming a lot of airport travellers? Our rooms are cosy. it’s great to see people of all ages come together and connect in the social spaces.
Travel is stronger than ever, with consumers gravitating more towards unique experiences, destinations and adventures. As such, hospitality brands have an incredible opportunity to capture this consumer marketshare by partnering with independent hotels and growing their global portfolio in places not previously considered.
The luxury travelmarket was valued at a staggering $241.4 And this number is only set to increase with the rise in disposable income and social media presence — resulting in luxury travel becoming a hot commodity among travelers willing to pay premium prices. But what exactly makes luxury travel brands so appealing?
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.
Further, North America dominates this marketshare at nearly 40%. In a post-pandemic world, the focus on health is only expected to grow, which means wellness travel is leaving a permanent mark on the hospitality industry. Generally speaking, wellness tourism is travel to improve the overall well being of an individual.
This strategic buy comes as established hospitality giants like Hilton seek to expand their portfolio and cater to the evolving preferences of millennial and Gen Z travellers. Graduate Hotels, known for its youthful vibe and focus on local university connections, boasts 33 properties across the United States and United Kingdom.
As labor shortages persist and travelers become increasingly price-sensitive, 2025 is emerging as the year of optimizing performance with hostel operators under pressure to improve efficiency and profitability. This could indicate travelers increased confidence in sharing spaces.
People are placing greater emphasis on travel over material purchases, and we expect to see this trend continue in 2023. After putting it in savings or paying off debt, the next most-popular response was travel. In fact, almost 70% of people planned on traveling for vacation “no matter what.” Bank on extended-stay.
.” The CEO added that the company’s diverse brand portfolio, strong marketshare and vast global network of owners and partners have positioned Accor well for continued success.
The dust has settled, the masks are tucked away (mostly), and the travel industry finds itself barreling into 2024, not quite a post-pandemic world, but one forever changed. Immersive AR (Augmented Reality) and VR (Virtual Reality) experiences transport guests from their rooms to the heart of a bustling market or the peak of a mountain vista.
RateGain Travel Technologies Limited , a global provider of SaaS solutions for travel and hospitality, has appointed Peter Strebel as its new president to lead the Americas region.
Key takeaways Googleâ¯Hotels erodes in EU marketshare : DMA-driven changes and AI Overviews have eroded Googleâs dominanceâat least marginallyâopening opportunities for OTAs to recapture traffic. Jun 25, 2025 ⢠Hospitality U.S.
What are Chinese travellers? Chinese travellers are individuals residing in China who travel domestically within their country or internationally to various destinations around the world. Table of contents Why should you capture the attention of Chinese travellers?
Outrigger Resorts and Hotels is looking forward “ with eyes wide open ” , according to President and CEO, Jeff Wagoner, with the business vigilant in its efforts to retain and build marketshare. Here, Wagoner discusses the obstacles and opportunities ahead.
SiteMinders platform converges the critical capabilities of distribution, revenue optimisation and intelligence, to make hotels as dynamic as the travel environment in which they operate. It is used by 2.5 million hotel industry professionals to make informed technology purchasing decisions each year.
Start by entering what topic you would like to search for – travel, hotels or maybe something more specific to your guests such as spa, luxury, backpacking. As you can see in the example above, searches for travel requirements are trending. To gain marketshare. Trends can be sorted by region and date.
This concentration in the upscale and upper-midscale segments suggests strong demand for these types of accommodations, driven by traveler, investor and lender preferences. To learn how LE can support your business in accelerating revenue growth and expanding marketshare, reach out to us at 603-431-8740, ext.
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