Is this shift a temporary reaction or a long-term trend? How will it shape the future of travel and tourism? I brought these questions to the HSMAI Global Distribution Advisory Board to discuss with the experts in the room. Read on for the takeaways from our discussion.
In a presentation to PKF Hospitality Group's 196+ Americas Summit, Adam Sacks of Tourism Economics explained how travel demand will remain resilient even as the U.S. economy slows.
Recapping the first quarter, executives from public hotel companies and others in the travel industry shared international travel trends that are driving optimism for the rest of the year.
Has the pent-up demand that helped fuel a surge in travel as the pandemic ebbed finally run its course?
A new in-depth data dashboard highlighting the recovery of travel demand across flights and hotels, as well as revealing the shifting intentions of travellers through online travel searches, has been launched by the World Travel & Tourism Council (WTTC).
U.S. Travel Association Launches Travel Tax Institute, Releases Research Showing Travel Taxes Affect Travel Plans, Spending Decisions
Global online travel leader discusses market trends and industry outlook with Bay-Area hotel partners at revenue management summit
While 2010 was not quite the tough year the industry feared it would be, hoteliers still grappled with a number of challenging issues: a slowly recovering economy, the ever-changing world of social media and the mobile Web, mobile-obsessed consumers and customer review enthusiasts, and significant revenue leakage from hotels to OTAs in the form of abnormally high merchant commissions. These challenges led to a fundamental shift in hotel Internet marketing tactics, including the need for multichannel marketing, engaging the new breed of on-the-go hyper-interactive travel consumers, and a smarter approach to analytics to determine what really works for hoteliers with limited marketing dollars available.
Future bookings for both sectors show average double-digit increases through Q1 2011
Index Shows Decreased Negotiability for North America; New Advance Purchase Advisory Highlights Value of Booking Flights Early