Hotels in New York City, San Francisco and other major cities report significant gains
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.
Industry must do more to show opportunities hospitality offers workers
"Guests reasonably expect great product and service levels to be commensurate with the pricing power we’ve achieved, so we’ve got to get those properties staffed," CEO Tony Capuano said.
Current economic uncertainty likely to affect consumers' spending on travel
Marketers would be well advised to take a calculated approach to ad spending within the travel category in the current environment, as rising prices could depress demand.
Amadeus: Global air search volumes reach 2019 levels. The global distribution company said that search volumes in the final week of April were down 3 per cent compared to the same week in 2019.
Amex GBT becomes publicly traded company. The company will begin trading as a public company on the New York Stock Exchange under ticker symbol “GBTG” on May 31, 2022.
Europe’s luxury hotels bounce back from the bottom. Luxury hotels across Europe have made an about-face and are back to producing profit at the almost same rate as 2019.
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.
Greeks can’t afford vacations in their own country. Taking a domestic holiday in Greece costs some 30 percent more than it did in 2019.
Marketing in the metaverse: An opportunity for innovation and experimentation. Although widespread adoption of the metaverse may take some time, leading brands are already rewriting the rules of marketing.
OTA Insight: Hotel pricing and promotional strategies in Europe. As Europe prepares itself for a summer of travel, hotels have the perfect opportunity to see positive results.
SiteMinder: How to work towards Total Profit Management. Nowadays, hoteliers need to be creative and implement new strategies to retain guests and optimize revenues.