Catégorie : Hotel & Hospitality
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U.S. October hotel rates, occupancy rise
U.S. hotels saw year-over-year increases in average daily rates, occupancy, and revenue per available room in October, according to STR Nov 26, 2024 ADR in October rose 1.8 percent year over year to $164.86, while occupancy rose 2.3 percent to 67.3 percent and RevPAR rose 4.1 percent to $110.94, according to STR. STR again said…
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The new face of hospitality
While traditional hotel stays remain popular, the industry now offers innovative models for diverse, discerning travelers Nov 22, 2024 From hybrid hotels that seamlessly blend work and leisure, to wellness-focused retreats that cater to health-conscious and affluent travelers, the « Three Shades of Hospitality » panel at WiT Singapore highlighted how the industry is adapting to modern…
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Hotel data highlights ‘summer holiday effect’ on European business travel
New research on hotel bookings made between July and September highlights a significant drop in business travel bookings during the summer months in Europe Nov 21, 2024 HotelHub’s Q3 2024 report reveals significant seasonal shifts in European hotel bookings. While booking volumes in other regions remained stable, Europe experienced a sharp 57% decline in August…
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Travel managers face new challenges
Latest research highlights expanded duties, increased stakeholder collaboration and rising demand for technology and tools Nov 21, 2024 BCD Travel recently conducted a global survey of 187 travel buyers to gain insight into their responsibilities, collaboration with business stakeholders and the evolving industry landscape impacting their roles. The results highlight key trends in the expanding…
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Marriott to cut hundreds of corporate jobs
Marriott International will lay off 833 employees at its headquarters in Bethesda, Maryland, by early January, the company confirmed Nov 19, 2024 Late last week, the hotel company filed a Worker Adjustment and Retraining Notification (WARN) with the state of Maryland, announcing the layoffs, which will take effect January 3. Marriott declined to directly address…
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Hotrec claims Booking.com fails to comply with DMA
The European umbrella association for hotels insists on a through assessment of the parity clause changes introduced by Booking.com Nov 15, 2024 HOTREC is calling for a thorough evaluation of Booking.com’s recent changes to its parity clause. The association argues that several of the platform’s updates are either superficial or have not been addressed at…
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CBRE cuts 2024 hotel forecast, but sees recovery ahead
CBRE Hotels Research has again lowered its 2024 growth forecasts for U.S. ADR, occupancy and RevPAR Nov 15, 2024 CBRE has revised its full-year 2024 U.S. hotel performance forecast. The firm now expects RevPAR (revenue per available room) to increase 0.5% year-over-year, down from the 1.2% increase forecast in August. U.S. occupancy is expected to…
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Americans are most likely to book hotels direct
By contrast, travelers from Indonesia and China are the least likely to book their hotel stay directly, according to a new report Nov 14, 2024 According to SiteMinder’s Changing Traveler Report 2025, 37% of Americans plan to book their stays directly in 2025, either through a hotel’s website (23.5%) or by contacting the property by…
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Business travelers open to AI for basic tasks
The biggest concerns around AI cited by respondents were data security and accuracy, according to a new Amex GBT survey Nov 13, 2024 According to a study of 2,260 business travelers published by American Express Global Business, while most believe AI will improve the efficiency of their travel experience, they are hesitant to rely on…
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By 2030, direct digital bookings will dominate hotel distribution
Skift research shows direct digital bookings will soon surpass online travel agencies, generating over $400 billion in global hotel bookings Nov 12, 2024 According to Skift Research’s Hotel Distribution Outlook 2024, online travel agencies (OTAs) still hold the largest share of hotel bookings-but that’s changing fast. Key takeaways Skift projects that by 2030, direct digital…