Automatic - 10 Minutes News for Hoteliers - Page 262

Ian Schrager doubles down on technology at PUBLIC Hotel

🏨 PUBLIC Hotel, as of July 10, 2024, leverages Stayntouch PMS and kiosk systems to enable 1-minute guest check-ins and enhance staff efficiency. By partnering with Stayntouch, PUBLIC has customized its guest journey flow, streamlined operations, and improved third-party platform connectivity. This has led to significant cost reductions and the consolidation of multiple technology vendors into a single kiosk solution.

3 min

Digital Trends in Accommodation: Hotels, Booking.com and DMA

💸 HOTREC's 2024 Hotel Distribution Study emphasizes the necessity for the Digital Markets Act to ensure fair competition in the European hotel market. Booking.com, holding a 71% market share in the OTA sector—up 10% in the last decade—must now comply with DMA as a gatekeeper platform. Direct bookings continue to decrease, while OTAs undercut prices in 40% of cases. Electronic distribution accounts for 45% of overnight stays. The study is based on data from over 3000 European hotels for 2023 and conducted by HOTREC and HES-SO Valais Wallis.

1 min

Paris has overestimated its appeal

🏅 In Paris, for the 2024 Summer Olympics, hoteliers and Airbnb hosts slashed rates due to lower-than-expected demand. Hotel rates, although still above average for July/August, decreased significantly with three-star hotels dropping from €523 to €282 and four-star from €738 to €430 over nine months. Bookings during the Olympics are up, but occupancy rates linger below 70%, only exceeding that for four days of the Games.

Moody’s CRE | What will be the impact on office demand from WFH?

1 min

Why it’s time to rethink what it means to be a tourist

Tourism can simultaneously contribute to economic recovery, as seen in Iceland, and lead to the destruction of local communities and environments, contributing to global warming. McClanahan's "The New Tourist" discusses the dual impact of tourism, highlighting the balance between its benefits and the damage from over-tourism exacerbated by social media and climate change.

How OTAs comply with California’s junk fee law

📌 In California, as of the week of July 4, 2024, Booking.com, Airbnb, and Expedia/Vrbo are adhering to a new law mandating upfront total price display, excluding taxes. Expedia.com stands out by showing the complete cost, including fees and taxes, while Airbnb, Booking.com, and Vrbo only show the full rate and fees, not taxes, for California-based shoppers. The law applies to travel sellers and aims at junk-fee transparency.

The smarter way to spend $1,000 a night on a hotel room

According to a Virtuoso report, luxury hotel prices have surged by 85% since the summer of 2019, making $1,000 nightly rates commonplace for basic rooms in major cities and popular destinations like the Amalfi Coast and the South of France. To get better value, travelers should consider boutique hotels that offer luxury at lower costs, with the option of larger suites that can enhance the feeling of luxury even further. Article published on July 4, 2024.

How “shoulder season” became popular with tourists

Travel companies are experiencing a rise in demand for off-season vacations between March-May and September-October to avoid heat waves and overcrowding. The Mastercard Economics Institute's report, based on transaction data, shows a 1.8 percentage point increase in off-season stays in the EU over the past decade, with notable shifts in Mediterranean destinations such as Croatia and Sweden.

1 min

U.S. summer travel highlights economic divide

🏖️ On July 4, 2024, a New York Times report highlighted the economic disparity in the U.S. through summer travel trends. Wealthier Americans, buoyed by a strong stock market and rising home values, maintain travel spending despite inflation. In contrast, lower-income families face economic strain, even with a strong job market and increased wages for low-income workers. This divide is apparent as luxury hotels thrive, while budget chains anticipate declines. Summer travel showcases the widening income gap, with affluent households more likely to travel.

1 min

IATA: Air traffic demand up 10.7% in May

🛫 The International Air Transport Association (IATA) reported a 10.7% rise in global air traffic in May 2024 compared to May 2023. Capacity increased by 8.5%, with a record May load factor of 83.4%. International travel surged 14.6%, with capacity up 14.1% and load factor at 82.8%. Domestic demand grew by 4.7%, while capacity slightly rose by 0.1%, resulting in an 84.5% load factor.

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