Latest News from Hospitality Industry – W1, August 2022

Here is your weekly industry news round-up. Check out the short snippets here and follow below for more details.

  • Malta based Osborne Hotel experiences consistent growth with RateTiger Channel Manager and Rate Shopper. Read more in the first news below.
  • Booking Holdings Inc. shares slumped after the company indicated that the pace of growth is moderating globally, putting a damper on the market’s expectations for a strong summer travel season.
  • Starting this August, Expedia Group’s new search and sort factors will begin to affect sort order, giving the guest experience you offer more impact on your visibility.
  • Is it Really the End of Cookies? Though Google is crumbling cookies, this is your opportunity to reshape your advertising skills and focus on direct booking building a one-on-one direct relationship with the travelers.
  • Shoulder season bookings are increasing substantially year over year. Blended travel—business and leisure travel together—provides greater flexibility and has empowered the traveler of today.
  • Know Google’s three best practices to capture travel demand. For partners, such as airlines and hotels, the uptick in search activity is a positive sign, but one that still requires strategy to determine how to convert that consumer interest into bookings.

Reach out to us for discussions regarding connectivity, direct booking, rate intelligence, website design and digital marketing requirements – we are happy to explore new possibilities with you for your property  – contact us today.

Enjoy the read!

Malta based Osborne Hotel improves online revenue with RateTiger

Osborne Hotel, a 3-star luxury property in Valletta, has strongly recommended RateTiger as its technology partner of choice for hotel rate shopping, channel management and online distribution.

https://ratetiger.com/malta-based-osborne-hotel-improves-online-revenue-with-ratetiger/

Booking forecasts record sales, confirming strength in travel

Booking reported total sales that nearly doubled to $4.29 billion in the second quarter, casting away doubts about weak consumer sentiment impeding travel plans.

https://www.bloomberg.com/news/articles/2022-08-03/booking-forecasts-record-sales-confirming-strength-in-travel?utm_source=google&utm_medium=bd&cmpId=google

A quick guide to Expedia’s Search and Sort Factors update

Starting this August, Expedia Group is releasing new Search and Sort Factors in their marketplace that will affect how hotels appear in Expedia’s search results. Sign in to Expedia Group Partner Central to learn what you can do to achieve the best results on Expedia Group sites moving forward. You can regularly review these factors to see how you are performing and find recommended actions to help you continuously improve and compete in your market.
https://www.cendyn.com/blog/guide-expedia-search-sort-factors-update/

The End of Third-party Cookies – or is it?

Cookies are everyone’s favorite. Whether you are a kid munching them or a marketer using them to track users’ online behavior and run your ads to them, we all love cookies. But unfortunately, Google is ready to say goodbye to third-party cookies in 2023. Read on to understand what cookies are, what do they do and why Google is crumbling the third party cookies.

Read more – https://ratetiger.com/the-end-of-third-party-cookies-marketers-growing-conscious/

Why shoulder season is the next big travel trend

Seasonal high peak destinations are no longer getting the cold shoulder during shoulder season – thanks, in part, to people working remotely.

https://www.travelmarketreport.com/articles/Why-Shoulder-Season-Is-the-Next-Big-Travel-Trend

Google sees uptick in travel search activity

Searches for places to visit in the summer were up in Q2 two times globally year-over-year and searches for last-minute hotel deals were up 50%.

https://www.phocuswire.com/google-three-best-practices-travel-partners-capture-demand

 

 

What’s New in Hotel Online Distribution and Tech Trends? W2, July 2022

Here is your weekly industry news round-up. Check out the short snippets here and follow below for more details.

  • Occupancy rate is an important KPI for hotels as it helps you understand how many rooms are booked and how many are going vacant during each season. Read the first news below why it is very important for hotel industry.
  • com has launched its inaugural APAC Travel Confidence Index, which provides a snapshot of how confident consumers feel about exploring the world again, as well as whether they would welcome inbound travel.
  • Europe is expected to recover 70% of pre-pandemic travel demand in 2022.
  • After two years of restrictions and uncertainties, Americans are all set to hit the road this summer. Returning to pre-pandemic levels, WTTC (World Travel & Tourism Council) projected United States’ travel industry to contribute a sum of $2 trillion to the U.S economy in the year 2022.
  • With Google Ads – and specifically Search Ads – hoteliers can get their business in front of potential customers and get the right people to their website.
  • The study provides an in-depth analysis of summer 2022 tourism in Italy, including the top travel trends and hotel opportunities for the second half of 2022.

Reach out to us for discussions regarding connectivitydirect bookingrate intelligencewebsite design and digital marketing requirements – we are happy to explore new possibilities with you for your property  – contact us today.

Enjoy the read!

RateTiger- eRevMax - blog

What is a Good Hotel Occupancy Rate?

Hotel Occupancy Rate is one of the Key Performance Indicators (KPI) for hoteliers as it is directly related to revenue. For many hotels, an ideal occupancy rate is between 70% and 95% – though the sweet spot depends on the number of rooms, location, type of hotel, target guests, and more. Read further to have a clear understanding of what is occupancy rate for hotels, its importance, how to calculate it, and the ideal occupancy percentage. By the end of the article, you’ll be able to calculate occupancy rates (and RevPAR) and the ideal occupancy rate for your hotel- https://lnkd.in/dXVqeUbD

Asians are ready to explore the world

India emerged most confident with 86% of India travelers stating they intend to travel in the next 12 months; followed closely by Vietnam and China.

https://www.traveldailymedia.com/asians-are-ready-to-explore-the-world/

Strong outlook for European tourism

Short- and medium-haul travel to continue driving European tourism recovery, while arrivals from long-haul markets still lag significantly behind.

https://etc-corporate.org/news/strong-outlook-for-european-tourism-recovery-but-staff-shortages-and-cost-of-living-crisis-loom/

Top Summer Travel Trends to Look for in North America in 2022

Americans are all set to hit the road this summer. As per a recent market study by the American Express, this year 74% of the citizens are to book a trip, irrespective of the fact that they might need to modify it. With revenge travel firmly setting in, people are looking forward to creating experiences with renewed focus on workation and sustainable leisure tourism. Here we summarize the key findings on top summer travel trends and booking behavior of North Americans – https://lnkd.in/dST9SJRj

How hotels win on Paid Search in 2022

With Google Ads – and specifically Search Ads – hoteliers can get their business in front of potential customers and get the right people to their website.

https://www.triptease.com/blog/how-hotels-can-win-on-paid-search-2022/

The Hotels Network: Destination and hotel direct channel market data in Italy.

Identifying summer market opportunities to boost direct channel performance and destination awareness.

https://blog.thehotelsnetwork.com/hotels-italy-summer-trends

 

 

Latest News from Hospitality Industry – W1, July 2022

Here is your weekly industry news round-up. Check out the short snippets here and follow below for more details.

  • Know what is RevPAR, its calculation and why it is essential for revenue management. Read in the first news below.
  • Experts highlighted some key transformations during the World Economic Forum (WEF). Amid shifting demand dynamics and future opportunities and risks, a more inclusive, sustainable and resilient travel and tourism sector can be – and needs to be – built.
  • Know 5 Consumer Trends That Hotel Marketing Cannot Ignore.
  • The biggest need in today’s marketplace is efficiency. In terms of handling today’s revenue strategy, the elements remain the same. But the impact of those decisions, how we think about them, and the actions we need to take to address each element is completely different from any time in the past.
  • Return of International Travel Boosts Hotel Demand in US Gateway Cities. hotels in New York, San Diego, Seattle and Boston each reported occupancy rates of more than 84% — among the highest in the country.
  • Assessing high-end travellers’ sentiment regarding purposeful travel, Virtuoso’s 2021 sustainability survey found that 78% believed it’s important to choose travel companies that have a strong sustainability policy.

Reach out to us for discussions regarding connectivitydirect bookingrate intelligencewebsite design and digital marketing requirements – we are happy to explore new possibilities with you for your property  – contact us today.

Enjoy the read!

RateTiger - hotel news

What Is Hotel RevPAR & Why Should It Be on Your Focus List

RevPAR and ADR are both useful KPIs that help hospitality establishments measure their performance and profit. Hospitality industry is now focusing more on RevPAR to boost the hotel revenue. Know more in this article about RevPAR, its calculation and why it is essential for revenue management – https://lnkd.in/dMudvrtf

What next for travel and tourism?

As the world recovers from the impacts of the COVID-19 pandemic, travel and tourism can bounce back as an inclusive, sustainable, and resilient sector.

https://www.weforum.org/agenda/2022/06/what-next-for-travel-and-tourism-industry-experts-explain/

Consumer trends that hotel marketing cannot ignore

According to Daniel Levine, director of the Avant-Guide Institute, consumer changes can be boiled down to five phenomena occurring not just in hospitality but across society.

https://www.costar.com/article/214387052/expert-shares-5-consumer-trends-that-hotel-marketing-cannot-ignore

Hotel revenue strategy: What’s changed in the past two years?

In terms of handling today’s revenue strategy, the elements remain the same. But the actions we need to take to address each element are completely different from any time in the past.

https://www.hotelsmag.com/news/certainty-in-an-uncertain-world-managing-revenue-strategy/

International travel boosts hotel demand in US gateway cities

New York City, San Francisco and Miami are among the U.S. cities experiencing the steepest increases in hotel room demand, as international travelers begin to return to the U.S.

https://www.costar.com/article/1920314879/return-of-international-travel-boosts-hotel-demand-in-us-gateway-cities

Affluent travelers willing to pay more for sustainable experiences

A recent Virtuoso survey highlights how some of the world’s most discerning travelers view sustainable tourism.

https://www.hospitalitynet.org/news/4111188.html

 

What’s New in Hotel Online Distribution and Tech Trends? W4, June 2022

Here is your weekly industry news round-up. Check out the short snippets here and follow below for more details.

  • With travel demand coming back to pre-pandemic levels in most geographies, there has been a major shift in guest booking behaviour and how hotels sell inventory. Read the first news below where Mr. Andrew Morsi – Founder President, eRevMax – RateTiger discussed about the key trends in hotel online distribution trends.
  • Forty-One Percent of US Hotels Achieve Average Daily Rate Offsetting Inflation.
  • The ground rule of working with any distribution/sales channel is to ensure that you keep your hotel listing up-to-date to give a true picture to the guests. Check out new sales channels available on RateTiger.
  • Experiential travel is set to boom – hotels need to make sure they are ready to ride this wave. Read more below on this trend.
  • Today, hotels have to work harder than ever to impress tech-savvy guests. Read on to know the top 20 innovative technology that hotels should be aware of (and possibly implement) in their property.
  • With rooms being booked closer to travel dates, hotels need to be flexible with booking policies while also have strong revenue management strategies in place, so as not to leave money on the table. Check out the last piece on what you can do.

Reach out to us for discussions regarding connectivitydirect bookingrate intelligencewebsite design and digital marketing requirements – we are happy to explore new possibilities with you for your property  – contact us today.

Enjoy the read!

eRevMax - newshound

Tech Trends – Redefining Hotel Online Distribution

Know the latest Tech Trends in Hotel Online Distribution. In a recent interview, Mr. Andrew Morsi – Founder President, eRevMax – RateTiger discussed about the key trends in travel booking behavior, acceleration in technology adoption, the role of intermediaries and the way forward for hotels in the post pandemic world – Read on – https://www.hospitalitynet.org/opinion/4111088.html

Leisure’s longevity drives hotel industry outlook in 2022

Leisure travel demand continues to drive U.S. hotel performance and it isn’t expected to drop off anytime soon.

https://www.costar.com/article/1612431957/leisures-longevity-drives-hotel-industry-outlook-in-2022

RateTiger expands Partner Ecosystem with CHECK24, HappyEasyGo & Rehlat

To meet the demand of both bleisure and family travelers, hotels are introducing new room types focused on longer stays. It is important for hotels to continue focusing on building a strong network of channel partners to get a share of the incoming demand. RateTiger hotel channel manager offers you the right channel connectivity so you can make your property visible to the right audience. Choose from among 450+ distribution partners and travel sites – our featured partners this week are CHECK24, HappyEasyGo & Rehlat

Contact us today to connect with them – https://ratetiger.com/ratetiger-expands-partner-ecosystem-with-check24-happyeasygo-rehlat/

Experiential hotel packages set to bloom

Travel is headed towards time maximization – filling a vacation or work trip with meaningful moments

https://www.hospitalitynet.org/opinion/4110718.html

Hotel tech innovations to know

Not so long ago, mobile keys were at the cutting edge of hotel technology. Today, hotels have to work harder than ever to impress tech-savvy guests.

https://www.hotelmanagement.net/tech/20-hotel-tech-innovations-know

Hoteliers set new strategies for walk-ins, cancellations

Guests increasingly are booking hotel rooms closer to the date of their stays, forcing hoteliers to be more flexible and plan ahead to manage last-minute demand.

https://www.costar.com/article/220414135/groups-plan-ahead-but-leisure-travelers-book-last-minute

 

 

 

 

 

Latest News from Hospitality Industry – W3, June 2022

Here is your weekly industry news round-up. Check out the short snippets here and follow below for more details.

  • With so much to experience and considering the zeal among people, the demand for hotel room bookings in Middle East is expected to take a super high jump this year. But, the question is: “Are the hoteliers of the region ready to welcome guests from all around the world?” Check out the first news below to understand how hotels are preparing themselves to welcome this revenue.
  • Despite high inflation, a softening economy, and fears of recession, the hotel industry is not seeing any slowdown. Hit hard by the Covid-19 pandemic, the hotel industry has bounced back alongside the larger travel industry thanks to pent up demand, delayed trips and increased consumer savings.
  • Hoteliers speaking on a panel at the 2022 NYU International Hospitality Industry Investment Conference said the remainder of this year is all about operating hotels in ways that reflect how guests are traveling differently now while still commanding high rates and working with leaner staffs.
  • Due to flexible work styles, Travel Edge Network has noted an increase in interest for workcations and bleisure trips by over 25% compared to recent year.
  • CEOs on how the future of the hotel industry is shaping up as travel returns to more “normal” levels, despite some pandemic-era issues still lurking in the background.
  • With pent up demand at an all-time high, holiday-makers are excitedly planning and booking that special trip away. It might have been a while since your hotel website has been generating this level of activity so it’s key that you are taking all of the right steps to capitalize on this resurgence.

Enjoy the read!

Revenue Management in the time of Mega Events: A Checklist for Middle East Hoteliers

2022 has been a year of mega events for the Middle East. From sporting championships to international expo, the region is hosting some of the biggest events in the world and the hospitality industry is banking on that for full recovery. Are the Middle East Hoteliers Ready to Face the Rush?

https://ratetiger.com/revenue-management-in-the-time-of-mega-events-a-check-list-for-middle-east-hoteliers/

Major hotel brands see room for further rate increases

Two things are keeping demand high: the leisure consumer’s more than $2.5 trillion in incremental savings, and strong corporate balance sheets paired with “very good” profitability.

https://www.cnbc.com/2022/06/11/why-marriott-hilton-and-hyatt-say-hotel-prices-are-only-going-up.html

Hoteliers adjust operations to balance new travel behaviors with leaner staffs

As life and work patterns change as a result of the pandemic, so, too, have travel behaviors, and hoteliers are shifting their operations to reflect these new travel trends.

https://www.costar.com/article/302780331/hoteliers-adjust-operations-to-balance-new-travel-behaviors-with-leaner-staffs

Bleisure travel rapidly increasing at hotels and resorts

To meet the demand of both bleisure and family travelers, hotels are introducing new room types focused on longer stays.

https://www.forbes.com/sites/rogersands/2022/06/09/bleisure-travel-rapidly-increasing-at-hotels-and-resorts/?sh=be611c3902b5

Hotel CEOs on how the industry is shaping up

The CEOs of five of the world’s major hotel chains gathered last week in New York to share their thoughts on the state of the industry.

https://thepointsguy.com/news/hotel-ceo-updates/

Enter the summer season on your hotel website

Quick win tactics that will help you step up your direct channel performance for summer travelers.

https://blog.thehotelsnetwork.com/summer-guide

Reach out to us for discussions regarding connectivity, direct booking, rate intelligence, website design and digital marketing requirements – we are happy to explore new possibilities with you for your property  – contact us today.

What’s New in Hotel Distribution and Tech Trends? W2, June 2022

Here is your weekly industry news round-up. Check out the short snippets here and follow below for more details.

RateTiger has been recognized for its technology superiority and connectivity excellence by both Booking.com and Expedia.

Bleisure” travel combines business trips with leisure travel and is a trend that is taking the travel industry by storm.

CWT became the first major global travel management platform to partner with Thrust Carbon to activate point-of-sale emissions data enabling travelers to make the most eco-friendly decision at the time of booking.

Google  significantly simplified its onboarding process by offering the ability for hoteliers to add rates and availability to their Google Business Profile.

According to the latest UNWTO World Tourism Barometer, international tourism saw a 182% year-on-year increase in January-March 2022, with destinations worldwide welcoming an estimated 117 million international arrivals compared to 41 million in Q1 2021.

RateTiger Recognized for Connectivity Excellence by Booking.com and Expedia

We are thrilled to announce – RateTiger has been recognized for its technology superiority and connectivity excellence by both Booking.com and Expedia Group. This is reflected in our achievement of Booking.com Premier as well as Expedia Elite Partner status. It is a reinforcement of our focus on building and maintaining high-quality connections that empower hoteliers to grow their online business on world’s two most popular hotel booking platforms. To know more, read further – https://lnkd.in/dpYmFi4q

Bleisure travel rapidly increasing at hotels and resorts

To meet the demand of both bleisure and family travelers, hotels are introducing new room types focused on longer stays.

https://www.forbes.com/sites/rogersands/2022/06/09/bleisure-travel-rapidly-increasing-at-hotels-and-resorts/?sh=35e74583902b

CWT on ways to build a more sustainable hospitality industry

According to a recent CWT survey, 87% of customers asked last year said they wanted sustainability information provided to their traveling employees at the point of sale.

https://www.mycwt.com/news/blog/how-to-build-a-more-sustainable-hospitality-industry-/

Google launches hotel rates on Google Business Profile

Google Marketing Live showcased new products that will make it easier than ever before for our travel partners – both large and small – to capture new travel demand, including hotel rates on Google Business Profile, feedless onboarding for Hotel Ads, and Performance Max for travel goals.

https://support.google.com/google-ads/answer/12237341

Europe and Americas lead the recovery

Europe welcomed almost four times as many international arrivals in Q1 as in 2021, driven primarily by strong intra-regional demand.

https://www.unwto.org/taxonomy/term/347

 

 

Latest News from Hospitality Industry – W1, June 2022

Here is your weekly industry news round-up. Check out the short snippets here and follow below for more details.

Great news folks! The summer travel scene is back in full swing, & ‘it’s all over the map.

  • Study from APAC region reported a healthy increase in international passenger demand as border restrictions ease across the region, stimulating business and leisure travel.
  • Occupancy in the U.S. reached 68.6%, which was the highest level since July 2021
  • Spanish hotel rates surge 36% as tourism takes off in April
  • As the travel comes back, European hoteliers are realizing the last two years have changed how consumers broadly view the world and how leisure travel fits into it.
  • The Middle East and Africa region is likely to record 115 million more passengers this year

Reach out to us for your hotel channel manager, rate shopper, booking engine, website development or digital marketing requirements. We are happy to have a discussion to see how we can help you achieve your property’s occupancy and revenue goals – contact us today.

Enjoy the read!

hotel - distribution

APAC passenger traffic picks up

The region experiences a healthy increase in international passenger demand as border restrictions ease, stimulating business and leisure travel.

https://www.traveldailymedia.com/apac-passenger-traffic-picks-up-in-april-reflecting-travel-recovery/

US urban hotel markets rebound

The signs of summer are here for the U.S. hotel industry, and some of the nation’s top urban markets are showing consistent evidence of recovery.

https://www.costar.com/article/897421033/us-hotel-occupancy-keeps-pace-with-peak-summer-2021-levels-as-urban-markets-rebound

Spanish hotel rates surge 36%

Hoteliers have been able to adjust their rates thanks to a significant increase in foreign tourism, mostly from Britain and Germany.

https://www.reuters.com/world/europe/spanish-hotel-rates-surge-36-tourism-takes-off-april-2022-05-24/

How European leisure travel is evolving

Much like the U.S., albeit a few months behind on the curve, European hotel operators are seeing a massive jump in leisure travel demand heading into this summer travel season.

https://www.costar.com/article/1447679549/how-european-leisure-travel-is-evolving

Millions more passengers to fly across Middle East, Africa in 2022 as air travel returns

The Middle East and Africa (MEA) region is expected to see over 100 million more air travellers this year compared to 2021, as global business and leisure travel has returned and surpassed pre-pandemic levels, according to a new report released by Mastercard Economics Institute.

https://www.zawya.com/en/business/travel-and-tourism/millions-more-passengers-to-fly-across-middle-east-africa-in-2022-as-air-travel-returns-sbt5842o

 

Latest News from Hospitality Industry – W4, May 2022

Here is your weekly industry news round-up. Check out the short snippets here and follow below for more details.

Look at the key takeaways for Asia Pacific (APAC) travelers based on Expedia Group data and research from Q1 2022.

Know the three things that guests will be looking for from their hotel stays in 2022.

Check out the growing trend among small hotel companies to give a fresh twist to Independent Hotels.

The World Economic Forum’s latest Travel & Tourism Development Index highlights many of these aspects, including the opportunity and need to rebuild the travel and tourism sector for the better by making it more inclusive, sustainable, and resilient.

Google Analytics 4 (or GA4) is the next evolution of Google’s popular web analytics service. It will provide better understanding when a guest researches your hotel on mobile but books on desktop.

The recent barrage of cancelled flights has young people turning to old-school travel agents for the first time.

Reach out to us for your hotel channel manager, rate shopper, booking engine, website development or digital marketing requirements. We are happy to have a discussion to see how we can help you achieve your property’s occupancy and revenue goals – contact us today.

Enjoy the read!

Expedia’s key trends for Asia Pacific travelers

Travel is returning slowly and steadily, now that the public perception of the pandemic has shifted and travelers are eager to travel again.

https://advertising.expedia.com/blog/travel-trends/4-key-trends-asia-pacific-q1-2022/

RateTiger – Three things guests are looking for from their hotel accommodation in 2022

Now, with the world opening its doors to travelers once again, what are guests demanding from hotels as we collectively contend with the lasting impacts of the pandemic?

https://ratetiger.com/three-things-guests-are-looking-for-from-their-hotel-accommodation-in-2022/

A fresh twist for independent hotels

There’s a growing movement among small hotel companies to band together with like-minded independent hotels and offer deals directly to travelers.

https://www.forbes.com/sites/everettpotter/2022/05/24/curator-gives-a-fresh-twist-to-independent-hotels/?sh=1b6e42c6e372

World Economic Forum: How tourism will change and grow

The World Economic Forum asked four business leaders in the sector to reflect on the state of its recovery, lessons learned from the pandemic, and the conditions that are critical for the future success.

https://www.weforum.org/agenda/2022/05/future-of-travel-tourism-sector-leaders-report/

A hotelier’s guide to Google Analytics 4

Used effectively it will help you capture first-party data, which is even more valuable now that third-party data is becoming increasingly scarce. Benefit of this new approach is that it should allow better analysis of cross-platform performance. For example, providing better understanding when a guest researches your hotel on mobile but books on desktop.

https://www.eighty-days.com/blog/google-analytics-4-a-hotelier-s-guide/

Why young people are using old school travel agents to plan their vacations

The post-pandemic web of flight cancelations, bureaucratic COVID testing requirements and a jaw-dropping surge in hotel rates and airline tickets has renewed the need for an in-the-know agent.

https://nypost.com/2022/05/24/young-people-turn-to-old-school-travel-agents/

 

What’s New in Hotel Distribution and Tech Trends? W3, May 2022

Here is your weekly industry news round-up. Check out the short snippets here and follow below for more details.

  • 9 out of 10 people begin their query on Google. And when it comes to hotels, Google contributes over 50% of the direct bookings through organic referrals and paid marketing. Learn how to setup your hotel on Google My Business, check out the first news below.
  • New York now has more Airbnb Listings than apartments for rent.
  • Virtual tourism may serve as a springboard to in-person tourism. In the metaverse, AR and VR can enable people to explore and interact with the destinations and resorts they’ve always dreamed of visiting.
  • Though China has had a stringent outbound travel policy and strict entry quarantines throughout the pandemic, last week’s announcement comes as the country has seen an uptick in interest in emigration amid the chaos of this year’s lockdowns.
  • Roughly 50% of millennials and Gen Z are planning to travel internationally in 2022, according to Expedia’s 2022 Travel Value Index outlook.
  • American Express Global Business Travel has upped its revenue outlook for this year as business travel recovery has shown “strong momentum.” For the first quarter, Amex GBT reported $350 million in revenue, up 179 percent compared with the first quarter of 2021 and half of pre-pandemic levels in 2019.
  • Much like the recovery seen already in the U.S., the rebound of travel in Europe is being led by leisure-driven markets and destinations that have been more eager to relax pandemic-era restrictions.

RateTiger – Leverage the vast traffic of Google: Get started with Google Hotel Ads

Google Hotel Ads is today accounting for almost 60% of all metasearch reservations and is an essential part of any hotel distribution and direct booking strategy. Learn how to setup your hotel on Google My Business to take advantage of the free booking links.

https://www.hotelminder.com/leverage-the-vast-traffic-of-google-get-started-google-hotel

Airbnbs outnumber New York City apartments

The number of active short-term rentals in the city’s 5 boroughs has reached more than 22,000, outpacing the number of available apartments. Contact us today to get connected with Airbnb through RateTiger- marketing@erevmax.com

https://www.curbed.com/2022/05/new-york-more-airbnb-listings-apartments-rentals.html

A new kind of tourism: Virtual travel in the metaverse

In the metaverse, virtual tourism means a potential significant increase in access to almost any location, personalized guest experiences and enhanced entertainment. With the power of 5G, even the sky is no longer a limit.

https://www.verizon.com/about/news/virtual-travel-metaverse

When will the world see Chinese tourists again?

The pandemic has brought the country’s outbound travels to a standstill, with only 26 million overseas trips made by Chinese citizens in 2021.

https://qz.com/2165902/when-will-the-world-see-chinese-tourists-again/

Save on lodging by booking at the last minute

The ideal amount of time to book a hotel room is only 15 days before your trip, according to a 2021 NerdWallet study.

https://www.cnbc.com/2022/05/18/exactly-when-to-book-a-hotel-to-get-the-best-deal.html

Large client travel demand accelerating

American Express Global Business Travel has upped its revenue outlook for this year as business travel recovery has shown “strong momentum.”

https://www.businesstravelnews.com/Procurement/Amex-GBT-Large-Client-Travel-Demand-Accelerating

Europe’s hotels trend toward full recovery, driven by leisure demand

Much like in the U.S., the rebound of travel in Europe is being led by leisure-driven markets and destinations that have been more eager to relax pandemic-era restrictions.

https://www.costar.com/article/1951445813/europes-hotels-trend-toward-full-recovery-driven-by-leisure-demand

 

 

Latest News from Hospitality Industry – W1, May 2022

Here is your weekly industry news wrap. Check out the short snippets here and follow below for more details.

At its annual partner event, EXPLORE, Expedia Group debuted a three-tiered strategy to redefine its place in travel.

RateTiger publishes featured partners for April with Expedia, Hotelbeds and tiket.com making to the list.

Airbnb announced a big earnings quarter that hinted at a big change coming : a complete redesign of how people search on its service.

Booking Holdings has just delivered its highest quarterly tally of travel planning in the company’s history, it’s racing to fill a specific hole in its stable of flight, hotel, car rental and other vacation and leisure reservation offerings: alternative accommodations.

Travel demand has “soared” but beware of new challenges also the travel landscape has changed, and customer behaviours have too. It’s time for hotel marketers to shake up their strategy and adapt accordingly.

Reach out to us for your hotel channel manager, rate shopper, booking engine, website development or digital marketing requirements. We are happy to have a discussion to see how we can help you achieve your property’s occupancy and revenue goals – contact us today.

Enjoy the read!

Expedia’s three-pronged approach to serve traveler needs.

At its annual partner event, EXPLORE, Expedia Group debuted a three-tiered strategy to redefine its place in travel, including a new technology platform to power the industry called Expedia Group Open World; a reimagined marketplace that rewards partners for delivering great traveler experiences

https://www.webintravel.com/expedias-three-pronged-approach-to-serve-traveller-needs/

RateTiger publishes featured partners for April – Rewarded Elite Status on Expedia & offers OBP on Hotelbeds

RateTiger has achieved Elite Connectivity status with Expedia Group. Further the company is the 1st hotel channel manager to offer Occupancy Based Pricing (OBP) on Hotelbeds. RateTiger has also featured tiket.com, one of the leading channels in APAC for attracting more demand for hotels in the region. If you are looking to expand online distribution for better visibility and improving room occupancy for your property, then contact RateTiger today.

https://lnkd.in/g2WvHmQ3

Airbnb’s next big change: Search

Searching for travel online has worked the same way for the past 25 years: you enter a location and dates into a search box. But the world has changed.

https://skift.com/2022/05/03/airbnbs-next-big-change-search/

Booking.com’s alternative accommodation push

The company is launching new marketing campaign and continued investment in the alternative accommodation space.

https://www.pymnts.com/travel-payments/2022/booking-holdings-eyes-airbnb-expedias-vrbo-in-push-to-offer-alternative-accommodations/

Travel agent business is booming

The complexity around travel has presented an opportunity for agents across business and leisure travel that has led to a “phenomenal increase in new to agent business”.

https://www.businesstravelnewseurope.com/Management/Business-is-booming-but-beware-new-challenges-warns-Advantage-boss

The future booking landscape: What hotel marketers need to know.

The travel landscape has changed, and customer behaviours have too. It’s time for hotel marketers to shake up their strategy and adapt accordingly.

https://www.triptease.com/blog/the-future-booking-landscape-what-hotel-marketers-need-to-know/