Little Hotelier

FEBRUARY 25, 2024

What is revenue management consulting? Revenue management consulting is specialised expertise that a business can bring in to gain guidance on managing and optimising revenue. An investment in hotel revenue management services is therefore one that can quickly deliver an attributable return.

Revenue Management

Hotel Speak

MAY 28, 2024

Online sales are expected to account for 76% of total revenue in the travel and tourism sector by 2028, by which time, revenue is set to reach £746.4bn ( Statista ). You should never lose a dollar of revenue because of your payment experience.” billion by 2031 ( Research and Markets ). “We

Travel

eZee Absolute

NOVEMBER 1, 2022

Statista ) Hotel room nights demand and room revenues in 2022 are expected to nearly return to 2019 levels. Room revenue is expected to reach $168 billion and occupancy is projected to be 63.4%. AHLA ) In 2022, the global travel and tourism revenue will reach over $600 million. Revenue Management. Statista ).

Hospitality

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Online sales in the hotel segment will generate 80% of total revenue in 3 years. Online travel agencies make up the top two revenue generating positions in 79% of major destinations.

Occupancy

Inn Quest

MARCH 23, 2023

The contribution to GDP of the tourism industry on the whole is currently 1.6% (Statista). Other figures from Statista are as follows: Australia’s hotel segment specifically is forecasted to see revenues of US $6.75 According to Tourism Australia, there were 2.2 billion and is expected to grow by 13.3% in 2023 (IBISWorld).

Forecasting

MediaBoom

JULY 13, 2023

According to travel resource Dream Big Travel Far, online sales will account for 73 percent of tourism and travel revenue by 2026. Establish a Dynamic Web Presence A dynamic web presence is next on our list of marketing strategies for travel agents.

Marketing Strategy

MediaBoom

APRIL 18, 2024

This seamless blend of the digital and physical realms elevates online sales and enriches the luxury shopping experience. According to Statista , solo trips continue to be a growing tourism trend, influenced by the lockdowns of the COVID-19 pandemic. Solo Travel Solo travel has seen an increase over the last few years.

Consumer