Expedia Plunges on CEO Departure - Stock slid 15% on the departure of CEO Peter Kern
Expedia Group CEO Peter Kern is taking a vacation, but will the rest of us be able to afford one? Kern will stay until May 1 and expressed confidence in his successor, Ariane Gorin…
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U.S. hotel profitability gains led by full-service chains, major markets
Overall, 14 of the top 25 markets reported double-digit increases in GOPPAR. Improvement in group business, especially across the Top 25 Markets and upper-upscale chains, drove growth in U.S…
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Hotel prices rise most in Antalya last year
Antalya, Türkiye’s famous holiday destination, led the increase in hotel prices last year, according to the data from the Hotel Association of Türkiye (TÜROB)…
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Insights from the Customer: How Feedback Drives Quality in the Hospitality & Tourism Industry
Customer feedback can be a key component to driving quality in the hospitality and tourism sectors. Here’s how four key players from these industries approach feedback to drive satisfaction and attract more visitors…
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Hotel trends that are on the rise Industry experts make their predictions for the coming year
Booking a holiday is a surefire way to alleviate the dreaded January Blues. Getting a city break or sunny escape in the diary – even if it’s still a little way off right now – gives you something to look forward to…
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Hotel revenue managers are going to have more tools at their disposal this year, as they navigate the changes in the hotel industry and prepare for an influx of business and group guests…
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Paris Hotels Triple Rates for 2024 Olympics - Opener, Study Finds
Hotels in Paris are tripling their prices to over €1,000 on average for the opening night of the 2024 Olympic Games, according to a study by consumer organisation UFC-Que Choisir…
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Olympic Night will see exorbitant hotel prices in Paris
As the Olympic Games for 2024 draw near, hotels in Paris decide to increase their rates. The hotel rates will surge exponentially during opening night for Olympic games in Paris…
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How AI Turbocharges Attribute-Based Shopping, Enabling Hotels to Increase Revenue and Profitability
Artificial intelligence (AI) is at the forefront of hospitality technology heading into 2024, and in looking at specific tasks where it can be deployed, a very lucrative application is in attribute-based shopping (ABS)…
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50%-75% decrease in hotel occupancy rates after Gaza war
A recent report by the World Bank, regarding the Israeli Occupation’s aggression against the Gaza Strip, revealed that the potential economic impacts on the Jordanian economy will be significant as the war widens, directly affecting the tourism…
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Booking, Agoda or Expedia? A review of 200,000 hotel searches shows which has the best rates
Vacations can be fabulously relaxing. But booking one is another story. The average traveler views 141 pages of travel content in the 45 days prior to booking a trip, according to an Expedia Group report…
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Hotel RevPAR exceeds pre-pandemic levels in 2023 despite lower occupancy levels - Singapore
As the global community transitions beyond the pandemic’s impact, Singapore’s hospitality industry has been mostly stable in 2023…
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Luxury hotels log higher revenue: half of it comes from food, beverage
Food and beverages are major sources of revenue for most of the luxury hotels in Bangladesh compared to their earnings from renting out rooms as operators have stepped up efforts to drive sales…
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New $250 Minimum Charge: Hotels Are Killing Room Service, Slowly And Then All At Once
The Cosmopolitan Hotel in Las Vegas, a Marriott Autograph Collection property, now has a $75 minimum for room service. And if you want proper plates and napkins, rather than cardboard and paper, there’s a $250 minimum for that…
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While the April 2024 total solar eclipse is still four months away, for those who’ve waited to plan a trip to the path of totality, they may find it difficult to find accommodations, particularly at an affordable rate…
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Wason's expertise is expected to play a crucial role in formulating and executing elevated revenue strategies for the region - In a significant move, Dimpy Wason has assumed the role of Market Director of Revenue Strategy for Marriott…
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Hotstats Hotel Market Report - Asia's Path Forward in 2024 - By Tareq Bagaeen
Earlier this week I was talking to a regional commercial head of Asia for one of the world’s largest hotel chains and the view forward into 2024 is one of concern, to say the least…
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The Chelsea Harbour Hotel combats rising costs by unlocking new revenue streams
General manager Deepiesh Kumar Sethi says his team is focused on “attracting guests to the hotel outside of overnight stays"…
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