10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us

How to tackle today’s group business challenges

  • Automatic
  • 11 June 2024
  • 1 minute read
Total
0
Shares
0
0
0

This article was written by Hospitality Today. Click here to read the original article

Revenue strategy experts to get their advice on how the market is adapting to the new era of group demand, from internal nagging to external trials

Jun 11, 2024

After a significant spike in hotel bookings for groups, meetings and events in 2022 and 2023 – driven by corporations, couples and social groups cramming two years’ worth of events into one – business levels are now stabilizing. This transition brings its own set of challenges to the industry. Understanding these challenges and identifying potential solutions is critical to navigating this new landscape.

Key Takeaways

  • Traditionally, transient bookings have had short lead times, but now even group bookings have similarly short lead times. This shift requires hotels to adapt their planning and resource allocation processes to better accommodate last-minute group bookings.
  • While transient bookings have been strong, some markets are experiencing a slowdown. This is coupled with an uneven recovery in corporate travel, resulting in unpredictable peaks and valleys in demand. Hotels need strategies to manage these fluctuations and maintain consistent occupancy rates.
  • The volume of group bookings has rebounded, but there is a noticeable trend toward alternative meeting formats, including hybrid and online events. Hotels must evolve to support these new meeting formats, which may require investments in technology and flexible space to accommodate both in-person and virtual attendees.

Get the full story at Duetto

Hotel Cleveland Names Crescent Hotels & Resorts Manager
Trending
Hotel Cleveland Names Crescent Hotels & Resorts Manager

Please click here to access the full original article.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
You should like too
View Post
  • Revenue Management

Dellisart LLC Expands Portfolio With Six New Management Contracts

  • LODGING Staff
  • 25 June 2025
View Post
  • Revenue Management

Event tourism on the rise: sports, music & culture

  • k.fytaki
  • 24 June 2025
View Post
  • Revenue Management

How secondary OTAs are disrupting hotel rate strategy

  • Automatic
  • 24 June 2025
View Post
  • Revenue Management

ADR Hotel Benchmark 2025: Is Your Property Pricing Right?

  • Vanshikha Dhar
  • 20 June 2025
View Post
  • Revenue Management

Steps for Success: Evaluating and Pricing Group Business

  • Revfine.com
  • 16 June 2025
View Post
  • Revenue Management

May Bank Holiday Bridges 2025: how will the French hotel industry fare?

  • m.welsch
  • 6 June 2025
View Post
  • Revenue Management

Cannes’ hotel industry puts on a show

  • m.welsch
  • 5 June 2025
View Post
  • Revenue Management

“Travel has become so expensive since COVID—I wish we could go back to… | Dimitris Floros

  • Dimitris Floros
  • 5 June 2025
Sponsored Posts
  • Influence Society Publishes Q2 Edition of Societies Quarterly for Visionary Hoteliers

    View Post
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ

    View Post
  • Day & Night: The Bold Rebranding Powering Shiji’s Presence in Global Hospitality Tech

    View Post
Last Posts
  • Dutch consumer groups prepare legal action against Booking.com, alleging inflated hotel prices
    • 27 June 2025
  • Canada hotels report highest performance growth of 2025
    • 27 June 2025
  • Hotel activity: Paris saves the day, but for how long?
    • 27 June 2025
  • Three Critical Clauses Hotel Owners Overlook in Their Management Agreements
    • 27 June 2025
  • Marketing That Moves: Why Storytelling is Hospitality’s Hidden Revenue Engine
    • 27 June 2025
Sponsors
  • Influence Society Publishes Q2 Edition of Societies Quarterly for Visionary Hoteliers
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ
  • Day & Night: The Bold Rebranding Powering Shiji’s Presence in Global Hospitality Tech
Contact informations

contact@10minutes.news

Advertise with us
Contact Marjolaine to learn more: marjolaine@wearepragmatik.com
Press release
pr@10minutes.news
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
  • 📰 Columns
  • About us
Discover the best of international hotel news. Categorized, and sign-up to the newsletter

Input your search keywords and press Enter.