Overall, the report trended toward cautious optimism, especially for the recovery of corporate travel and lender activity.
When evaluating the payment processing capabilities of a potential booking engine partner, consider their ability to integrate with alternative payment solutions. This includes the increasingly popular 'buy now, pay later' financial technology companies. Setting up a booking engine that provides these models ensures that you are. Read on to learn more about how alternate payment options can help your hotel stand out.
Searching for demand patterns for your property is like traveling to the past and then going to the future to forecast how to set up your hotel for success. And no, it's not a 'Back to the Future' movie scene. Instead of a time machine, you need data on your hotel's booking performance from your property management system. After reading this article, you will learn how an effective analysis of your property's booking performance will help you better understand your property's demand patterns and how to leverage them to maximize revenue and occupancy.
In today's very brief episode, we're going to talk about the biggest update in analytics since GA4. Every hotelier MUST listen to this episode
Sustainability for hoteliers is not just a trend; it is a smart move for a successful business strategy from a 360-degree view.
Lindsay Milne, Vice President of Marketing, Meet Boston, applies her experience in professional sports to marketing one of the US's primary urban destinations: the city of Boston!
While there have been many debt-related concerns in an era of high interest rates and limited availability, a panel of experts said the top issue driving distress in the hotel industry is still inefficient and ineffective operations.
Indian Hotels Company (IHCL) today announced a strategic partnership with CG Hospitality, extending its current association of TAL Hotels & Resorts Limited and Taj Safaris Limited to achieve a portfolio of 25 hotels by 2025.
The City of Salem, OR, has found an alternate solution to its initial plan to use transient lodging tax dollars for library funding gaps. Instead, it will use funds from the American Rescue Plan Act. AAHOA (Asian American Hotel Owners Association) and ORLA (Oregon Restaurant & Lodging Association) proactively watch attempts from local municipalities to use protected lodging tax dollars for purposes other than tourism.
Purpose-built hotel providing 184 bedrooms with an average size of 22 sqm. Opened in 2021 with further upside potential to add 12 further bedrooms, subject to planning consent.
Eighty-five percent of business travelers surveyed expect to be on the road the same amount or more often in 2024 versus 2023.
CBRE exclusively presents the opportunity to acquire the Sonesta Maho Resorts, which include the Sonesta Maho Beach Resort, Casino & Spa and Sonesta Ocean Point Resort, two all-inclusive oceanfront properties totaling 550 keys, located in the heart of one of the Caribbean's most popular tourist destinations. The offering also includes a 21,000 sq. ft. casino, approximately 55,000 sq ft. of leased retail, and significant expansion potential.
Highlights included the relaunch of Park Inn by Radisson, the reintroduction of the SOAR program to create hotel ownership opportunities for underrepresented entrepreneurs, and awards for top hotels
In the last years, staying ahead of the competition while providing an exceptional guest experience has become increasingly difficult. Here’s how the Net Promoter Score (NPS) can help your hotel create a virtuous cycle of guest satisfaction, positive recommendations, and increased retention, ultimately driving growth and success in the highly competitive hospitality industry.
Consumers want to find the best value and guest experience for their money. They are already analyzing room rates, special packages, services, amenities, and more. Knowing this information can significantly impact how you position your property, attract more business, and ultimately, drive revenue. Here's a closer look at how to define your competitor set and leverage this knowledge to strategize to become the top hotel choice.
As seen in the Q1 2024 Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total pipeline in the Asia Pacific region, excluding China, (APEC) reached a record-breaking project total of 2,021 projects/402,312 rooms. This new all-time high represents a 7% year-over-year (YOY) increase in projects and a 2% YOY increase in rooms.
Overall meeting volume growth was flat for the industry at a 1.3 percent increase YoY. The average space used for meetings in the Top 25 markets was 3,768 sq. ft., and secondary markets were at 3,684 sq. ft. Average attendees also grew slightly to 133 in the Top 25, while secondary markets averaged 127 attendees.
The Opening Marks the Only St. Regis Launching in the U.S. This Year and the Largest Development on the Island in Over 50 years
This collaboration gives Preferred Travel Group access to the most cutting-edge OTA reconciliation technology and services and allows Preferred Hotels to save time and money on OTA Commissions.
UN Tourism has joined leading international organizations and government leaders at the World Forum on Intercultural Dialogue, held in Baku around the theme of 'Dialogue for Peace and Global Security: Cooperation and Interconnectivity.'
U.S. hotel performance showed mixed results from the previous week, according to CoStar's latest data through 4 May.
Hoteliers should be no stranger to Google Hotel Ads. But if you have yet to dip your toes into the waters of metasearch advertising, Google Hotel Ads is the place to start. In this guide, you'll learn about the whats, whys, wheres, and hows of Google Hotel Ads, plus helpful tips and specialist support if you need it. Let’s dive in.
The Middle East and North Africa (MENA) region has emerged as one of the main regions driving growth in affluent travel, recording high spends, while also displaying an appetite for sustainable eco-luxury and meaningful cultural experiences.
A 1.5-kilometer aerofoil rises above the largest of the yacht berths, providing year round protection for yacht owners and a haven for the marina's residents and guests.
A summary of European hotel transactions provided by HVS