In five minutes or less, keep track of the most important news of the week, curated just for you. We present to you hand – picked news on latest industry perspectives and some general updates. Read on!!
Expedia launches virtual agent for advisors and travelers
Travel advisors who are members of the Expedia Travel Agent Affiliate Program (TAAP) now have access to new virtual agent technology within the TAAP platform. Virtual agent can cancel bookings or check the status of a client’s refunds.
Europe’s hotels see values fall but longer-term outlook strong
All hotel have been affected but mainly upscale and luxury properties with more exposure to group and convention demand as well as international visitors.
https://hvi.hvs.com/DocumentDownload/3876.pdf
Chinese travelers: Back on the road?
The Chinese luxury consumer’s enthusiasm for global travel stuttered to a halt during the pandemic. Signs are it could pick up again soon, starting with the Asia-Pacific region.
https://www.voguebusiness.com/consumers/chinese-travellers-back-on-the-road
STR: February US hotel performance shows promising signs
Occupancy reached 45.3%, its highest level since October 2020, and that’s not the only good news on the horizon.
https://www.costar.com/article/653606065/february-us-hotel-performance-shows-promising-signs
BCD Travel introduces new hotel rate benchmark capabilities
The new solution will provide BCD Travel’s clients increasingly accurate standard market rate benchmarks.
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