Étiquette : HospitalityToday

Brands are being seen differently by industry insiders and travelers. It’s time to bridge this gap. May 6, 2024 In the hotel industry, only a few big brands matter to consumers. These include Marriott International, Hilton, Hyatt Hotels Corporation, Accor, InterContinental Hotels Group, Wyndham Hotels & Resorts, and third-party booking brands like Expedia, Booking.com, and…

In the ever-evolving hospitality industry, the question of how to effectively compensate hotel operators remains crucial May 3, 2024 While the basic premise of paying managers for their management skills remains true, the prevailing incentive fee structures may no longer adequately reflect market realities, particularly for owners. Key takeaways The incentive management fee (IMF) motivates…

Airlines are unhappy about having to bear the costs of disruption caused by others in the sector May 3, 2024 The International Air Transport Association has reported that the strong travel demand seen in March looks set to continue into the peak summer season in the northern hemisphere. Total demand – measured in revenue passenger…

The company expects room night bookings to slow in the current quarter as tensions in the Middle East dampen regional tourism May 3, 2024 Booking Holdings said it expects growth of 4% to 6% in room-night bookings, less than the 7.4% increase analysts were expecting. Gross travel bookings which includes taxes and fees, should rise…

The company cut its full-year revenue growth forecast, as gross bookings were hit by a drag in its vacation rental platform and poor performance in its business-to-consumer segment May 3, 2024 Expedia had high hopes for increased profits following the integration of its Vrbo vacation rental brand into the Expedia platform, which allows travelers to…

Tools and KPIs for deeper analysis of your hotel website’s performance May 3, 2024 Your website is the cornerstone of your online marketing and sales strategy, and measuring its results is critical to adjusting your online sales strategy. Here are the key performance indicators (KPIs) you need to track and optimize your website and ultimately…

Labor unions are experiencing a renaissance in the U.S., a movement that’s on the radar of hoteliers May 3, 2024 Both the U.S. hotel industry — and the country’s workplaces generally — have seen a significant uptick in unionization in recent years, said Andria Ryan, partner at Fisher Phillips and co-chair of the firm’s hospitality…

The hotel operator raised its forecast for annual adjusted profit, banking on international travel demand to offset normalizing domestic travel in the U.S. May 3, 2024 As travelers flock to overseas destinations in Asia, the Caribbean and Latin America, Marriott expects the boost in international and group travel to lift its full-year profit. Key takeaways…

The higher-than-expected room night growth was driven by healthy demand with better-than-expected performance in Europe May 3, 2024 Travelers are flocking to international destinations in Asia and the Middle East as global air connectivity improves and drives up international travel demand, which is expected to remain strong this year even as demand for domestic travel…

Chinese tourists are headed overseas for the extended May Labour Day holiday at near pre-pandemic levels May 2, 2024 Chinese tourists are headed overseas for the extended May Labour Day holiday at near pre-pandemic levels, accelerating a rebound of what used to be the world’s biggest travel market. Key takeaways Outbound trips between April 27…