Europe’s hotel occupancy hasn’t dipped below 53% on a running 7-day basis since late February, according to STR data
Hotel performance has remained stable in most of Europe amid the war in Ukraine, and countries bordering the conflict area have seen a refugee-driven lift in occupancy.
Supplier websites maintained majority stake in the U.S. online travel market with a 63% share of online gross bookings
According to Phocuswright’s U.S. Online Travel Agency Market Report 2021-2025, OTAs delivered $65.2 billion in gross bookings in 2021, reaching 82% of pre-pandemic levels.
Areas of hotel operations where AI is used
Cost and complexity can deter hoteliers from adopting AI. But when a solid ROI can be established, there are several ways that AI-powered solutions can increase hotel profitability.
How smart hotel operators embrace the experience economy. Move over transaction-based mentality. Move over yield management. Distinction is what matters now.
Shrinkflation tactics in the hospitality industry. Quiet, subtle changes - almost unnoticeable. But it's helping the industry navigate its way through this time of higher costs.
CWT launches real-time carbon footprint indicators. The new tool is displaying how much carbon that travelers would potentially generate from flights and hotel stays.
Deloitte: Younger generations have already one foot in the metaverse. The are behaving in a way that suggests they will live their lives online and embrace the metaverse.
Apple's data privacy changes. After the initial panic, email marketers began finding creative ways to reach their target audience and measure the impact of their marketing efforts.
TikTok experiments with search ads. The company began testing ads in search results for select partners, providing another way for brands to reach the platform’s users based on phrases and terms.
D-EDGE to provide next-generation CRS to Accor hotels worldwide. A 100% subsidiary of Accor, D-EDGE will progressively deploy its CRS to all Accor hotels worldwide.
IDeaS: Riding the waves of change with hotel revenue automation. In an environment where change is the only constant, how can hoteliers ensure their business stays afloat through the ups and downs to come?