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10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
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  • 11 min

Hospitality Upgrade – Prod

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  • 15 July 2024
‍ Another HITEC has come and gone, so it is time for my annual review. I spent all 15 exhibit hours walking the floor, visiting as many as I could…
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  • 3 min

Flexible working set to get easier with Workabout | Startups Magazine

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  • 15 July 2024
💻 Workabout offers flexible workspace bookings in the UK without memberships or contracts, featuring over 500 local and city-based options like hot desks and meeting rooms. Sign up is free, with pay-as-you-go flexibility. Partners include Landmark, Runway East, and others. The self-funded start-up, led by CEO Jeffrey Davidson, will add Teams and HQ management tools and expand globally. The platform supports hybrid work models, evidenced by a 2024 Nature study showing such arrangements increase happiness and productivity. A remote-first company, Workabout practices flexible working internally, catering to diverse needs and locations.
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Expedia launches new One Key credit cards

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  • 15 July 2024
📌 On July 15, 2024, Expedia Group, Wells Fargo, and Mastercard launched two new co-branded credit cards, the One Key Card and the One Key+ Card. These cards, designed for U.S. travelers, enable earning rewards usable on Expedia, Hotels.com, and Vrbo; including hotels, vacation rentals, car rentals, activities, and flights. Cardholders receive up to 20% savings at over 10,000 hotels globally, priority support, and potential perks like complimentary upgrades at VIP Access properties.
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  • 1 min

The 2024 TNMT Sector Attractiveness Report – TNMT

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  • 12 July 2024
📈 The Travel and Mobility Sector Attractiveness Report spans 2018-2023, analyzing investment priorities in aviation, ground transport, hospitality, and online travel. Highlighting startups that secured funding, it's a tool for industry professionals to strategize for future developments. Full report available for download.
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Monday night is the most popular time to book a hotel stay

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  • 12 July 2024
💾 Net Affinity reported the highest hotel booking spike on Mondays with Tuesdays closely following, according to data from Jan-May 2024. Weekends, especially Saturday, see the least bookings. Lowest spending occurs at 11am, while highest average basket value is on weekends. Women book almost twice as many stays as men and spend more on average. 📊
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European tourism reaches new record highs in 2024

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  • 12 July 2024
🌎 Americans are driving a European tourism boom in 2024, with international tourists projected to spend a record €800 billion—a 37% increase over pre-pandemic levels of €583 billion. Overseas visitor arrivals in Europe have also risen by 6% over 2019, marking a new record. Western European destinations account for 72% of this record spend, while East Asian tourists, particularly Chinese, are contributing to further revenue, though specific figures remain undisclosed.
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Lufthansa adjusts to business travel weakness

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  • 12 July 2024
✈ Facing a "new reality" of lower corporate travel, Lufthansa, on July 12, 2024, announced plans to reduce costs and scale back future projects. CEO Jens Ritter described the situation as a market normalization with high competition. The airline expects permanent low business travel levels, with increased leisure trips, particularly in summer. This shift has led to difficulties in filling planes, pressuring airlines like Delta Air Lines to issue a financial warning for the upcoming third quarter.
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The future of hotel PMS in an omnichannel world

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  • 12 July 2024
🏨 On July 12, 2024, the hotel industry acknowledges that an omnichannel Property Management System (PMS) is essential. Modern PMS must integrate with OTAs such as Booking.com and Expedia, hotel direct booking engines, and social media platforms like Instagram and Facebook to meet the expectations of travelers for a unified experience and drive hotel revenue and operational efficiency.
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  • 1 min

Two-thirds of business travelers book outside of travel policy

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  • 12 July 2024
💲 On Jul 12, 2024, a BCD Travel survey identified a compliance gap in company travel policies. Over two-thirds of business travelers have deviated from set policies, primarily for client meetings or using non-preferred suppliers. Key findings: 20%+ find policies unresponsive or restrictive, 30% desire more booking flexibility, 25% seek higher spending limits and extra airline options, and 20% advocate for improved traveler wellness policies.
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Spain’s tourism demand rises despite overtourism protests

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  • 12 July 2024
✈ International arrivals to Spain for July and August 2024 have risen by 12% year-over-year. European markets showed notable increases: Italy (+53%), Austria (+23%), and the Netherlands (+23%), along with Brazil (+39%) and the US (+31%). Couples dominate travel groups with a 13% growth. Short stays (+16%) and medium stays (+15%) are on the rise, while long-stay trips grow by 5%. Business travel increased by 3%, and leisure trips, the majority, by 15%.
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