Automatic - 10 Minutes News for Hoteliers - Page 198

Navigating Europe’s evolving travel market: Key Trends for 2025

🏖️ On Feb 28, 2025, the "European Travel Insights: Unveiling the Top Trends for 2025" report revealed industry shifts: 39-48% of travelers see no budget change, 28% increase it, 20% decrease. 24% spend more on refundable bookings, 33% on travel protection. Spain and Germany lead in rising travel costs (65%), UK at 58%. UK airline loyalty ranks highest at 66, outpacing hotel loyalty at 53 (European average: 62 for airlines, 53 for hotels). Flexible, value-driven pricing and personalized rewards are essential for brand loyalty.

1 min

Middle East tourism flourishes in 2024

🌍 In 2024, Qatar's international tourism surged by 25% to 5 million visitors. Morocco outdid itself with a 20% year-on-year growth, welcoming 17.4 million tourists. Turkey saw a 9.8% increase, reaching 62.27 million visitors and generating $61.1 billion in tourism receipts. Saudi Arabia's visitor numbers rose by 9.4% to 30 million, while Dubai's international visitors climbed by 9% to 18.72 million. Egypt's tourism grew by 5.3%, with 15.7 million tourists. Contrastingly, Jordan faced a 3.9% drop due to the Gaza crisis, losing 600,000 visitors.

1 min

Trip.com’s profit soars 72% as global travel rebounds

📈 Feb 27, 2025 - Trip.com's net income surged 72% to CNY 17.1 billion with a revenue increase of 20% to CNY 53.3 billion for the year. Q4 saw net income rise 69% to CNY 2.2 billion and revenue up 23% to CNY 12.7 billion. Overseas bookings surpassed 2019 levels by 20%, while international site bookings jumped over 70%. Inbound China travel bookings doubled with a 150% rise from visa-free countries. Despite this, Trip.com's Nasdaq shares fell 11.4%, though Hong Kong shares grew 4.5%.

1 min

Why travel agents are still thriving in 2025

🛫 On Feb 27, 2025, despite the online travel industry's growth to an anticipated $1.19 trillion by 2029, travelers experience hidden fees, difficult bookings, and travel disruptions. Travel agents offer exclusive perks, discounts, and stress-free vacations, countering challenges faced with online platforms. Agents not only provide price transparency and handle disruptions but often save money through insider knowledge, contrary to the belief that they add costs. It's advised to discuss services, fees, and cancellation policies with agents beforehand.

1 min

Expedia announces layoffs amid cost-cutting measures

🏦 On Feb 27, 2025, Seattle-based Expedia Group announced layoffs to enhance efficiency despite not revealing the exact number. Following a 2023 reduction of around 1,500 jobs, mainly in Product & Technology, the company continues to adjust, focusing on impactful business areas. Despite workforce cuts, Expedia's Q4 revenue increased by 10% to $3.1 billion, with adjusted net income rising by 30%.

2 min

How Booking.com is preparing for AI disruption

📈 On Feb 27, 2025, Booking Holdings outlined its proactive approach to AI integration, targeting enhanced travel experiences and operational efficiencies. Aiming to stay competitive, the company is developing AI capabilities internally and forming partnerships with leading AI firms. They are shifting towards a merchant platform, projected to represent 59% of gross bookings by 2024, and are capitalizing on a 19% increase in alternative accommodation bookings in Q4 2024. Booking Holdings plans a strategic transformation expected to yield $400 million to $450 million in savings annually, which will be partially reinvested into AI and fintech. CEOs Glenn Fogel and CFO Ewout Steenbergen are driving the company's focus on both profitability and sustainable growth.

1 min

UK’s On The Beach sees strong demand

🏖 On The Beach Group (OTB) anticipates a 23% increase in pre-tax profit, expecting £38.2 million for the year, driven by strong summer bookings predicted to grow by 17% over four months starting February 27, 2025. European city packages, especially to Amsterdam, Paris, and Krakow, enhance OTB's popularity, with the Irish market also showing robust bookings despite UK inflationary pressures.

1 min

TUI wants to attract Chinese travelers

🏖 TUI, facing slowing European demand, shifts focus to attract Chinese and American tourists with 22 new hotels in China and Southeast Asia over three years. Targets budget-conscious Europeans with affordable Eastern European vacations. Competes with easyJet, BA, and Airbnb by offering dynamic packages and shorter stays, and invests in marketing and local experiences in the UK and Germany. (Feb 27, 2025).

What to expect at ITB Berlin 2025

📍 At ITB Berlin 2025, over 400 speakers and 24,000 attendees will discuss travel innovations, sustainability, and economic shifts in tourism. Topics include AI, eco-tourism, evolving market dynamics, digital transformations in hospitality, diversity in travel, and data-driven insights. Key sessions on AI, sustainable tourism, and economic forecasts provide valuable industry guidance. 🌐

Southern Europe’s hospitality industry sees record growth amid challenges

📍 Southern Europe's hospitality market in 2024 saw a 9.8% RevPAR increase and an 8% ADR rise to EUR175. Paris Olympics boosted hotel occupancy over 80%, peaking at 90.5%, with ADR averaging EUR781. Spain's tourism surged with an 11.5% RevPAR growth. Overtourism led to protests and government measures, yet occupancy and ADR grew. Post-Olympics, Paris expects normalization, Italy targets long-haul travelers, and Spain addresses overtourism versus demand.

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