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1680 posts

[[ 18 ]]

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  • 1 min

Hotel OTA Agreement: Charges, Commissions & Clauses

  • Suniti Bahl
  • 25 September 2024
🏨 Summary: The article on Hotel OTA Agreement discusses how Online Travel Agencies (OTAs) charge hotels for their services, including commission rates and specific clauses within OTA agreements that can affect hotel revenue. Although no specific percentages or clauses are mentioned in the excerpt provided, the article seems to aim at educating hoteliers on the financial and contractual aspects of working with OTAs. The post was written by Suniti Bahl and was published on September 25, 2024.
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  • 5 min

The Tale of Two Revenue Managers

  • Anders Johansson
  • 24 September 2024
💾 The Grand Royale Hotel's revenue manager Emily was overwhelmed with manual tasks, facing isolation, burnout, and declining performance. Meanwhile, Alex of The Elite Haven Hotel used automation tools to eliminate tedious tasks, spurring profits and earning bonuses. Emily, inspired by Alex, proposed automation to her GM, who initially rejected the idea. With support from colleagues and after a pilot's success, their hotel saw improved profits and employee morale, validating the shift to automation and strategic work over manual labor.
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  • 1 min

STAAH’s ‘The Big Connect’ Hospi-Tech Conference Concludes with Resounding Success in Mumbai

  • Nashi Dasgupta
  • 24 September 2024
📢 STAAH, a New Zealand hospitality solutions provider, held ‘The Big Connect’ event in Mumbai, attended by over 400 experts. In partnership with Booking.com and WebBeds, the conference at Sahara Star Hotel focused on tech-driven solutions for hotels, aiming to increase online bookings, revenue, and streamline distribution. National Sales Head – India, Shoaib Ali, highlighted the event’s success and potential future expansion. The event concluded with entertainment including a live comedy act.
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  • 3 min

International tourism almost back to pre-pandemic levels, finds UN Tourism study

  • HOTELSMag.com
  • 23 September 2024
📅 International tourism nearly reached pre-pandemic levels with 96% recovery seven months through July 2024, driven by demand in Europe and reopened Asian-Pacific markets. About 790 million tourists traveled internationally by July 2024, an 11% increase from 2023 and a mere 4% shy of 2019's figures. Europe and the Americas saw 99% and 97% recovery, while the Middle East led with a 26% increase over 2019. The Asia-Pacific region rallied to 86% of its pre-pandemic levels. Out of 120 destinations, 67 matched their 2019 arrival numbers. Top performers included Qatar (+147% vs. 2019), Albania (+93%), Saudi Arabia (+73%). International tourism receipts saw Albania (+128%) and Serbia (+126%) more than double compared to 2019. Outbound travel expenditure surged in the U.S. (+32%), Germany (+38%), and the U.K. (+40%). Export revenues from tourism hit $1.8 trillion, equating 3% of global GDP, with direct tourism GDP at $3.4 trillion in 2023. The UN Tourism Confidence Index for September-December 2024 scored 120 points, slightly below the May-August 2024 score of 130.
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Lavu Partners with Check to Offer Payroll Solution for Restaurants

  • Tony Loeb
  • 23 September 2024
💳 Adyen's Global Hospitality Report highlights that 37% of hotel customers abandon bookings due to limited payment options. Despite 59% valuing a seamless booking-to-check-out experience, 31% of hotels can't accept popular methods like BNPL or Apple Pay. Digital wallets are used by 15% for online hotel payments, and social media bookings have increased to 10%. Cancellation flexibility is crucial, with 59% favoring free cancellation policies within 24-48 hours. Financial grievances have prevented 44% from rebooking, including issues with card declines and refunds. Over the next year, 60% of hotel leaders plan to enhance their payment processes.
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  • 5 min

6 Hacks to Drive Immediate Exposure to Your Hotel WITHOUT Reducing Rates

  • Mia Belle Frothingham
  • 23 September 2024
🏨 To attract hotel guests without lowering rates, leverage social media for exclusive offers, increase meta search spend, craft email campaigns for past guests, and use OTA tools like Expedia’s Accelerator or Booking.com’s Visibility Booster. Agoda and Priceline growth campaigns offer global exposure. Pay-On-Performance media campaigns provide visibility with no upfront costs, focusing on actions like bookings or clicks. RevOptimum, with 30 years of experience, empowers hotel revenue growth, pioneering remote management solutions and innovative revenue tools, dedicated to impacting the hospitality industry positively.
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  • 6 min

From Start to Finish: Unleashing the Power of Hospitality Technology for Engaging Guest Journeys

  • Katharina Heitmann
  • 23 September 2024
🏨 A TrustYou study reveals travelers read 8.7 reviews before booking. Hotels maximize revenue through technology like meta-search and ad management platforms (Triptease, D-EDGE), revenue management systems (IdeaS, RoomPriceGenie, Atomize), and direct booking platforms (Hotelchamp, Triptease). Pre-stay phases engage guests with apps, SMS, and upselling tools (Oaky, UpsellGuru), while on-site experiences are enhanced by PMS solutions (Mews, Cloudbeds) and payment methods. Post-stay engagement uses surveys and loyalty programs to maintain guest relations.
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  • 17 min

J.D. Power: What’s Changing in Guest Satisfaction Now – Andrea Stokes

  • Tony Loeb
  • 23 September 2024
📋 In this insightful episode, Andrea Stokes, hospitality practice lead at J.D. Power, discusses the 2024 North America Hotel Guest Satisfaction Index. Higher rates after the pandemic led to increased expectations, causing a decline in satisfaction across the industry in 2023 compared to 2022, notably among economy and limited-service segments. Conversely, luxury and upper upscale segments met higher expectations, maintaining or even improving satisfaction. The episode also touches on the new J.D. Power third-party hotel management guest satisfaction benchmark, revealing that third-party managed hotels often outperform brand-managed or owner-managed ones. Key factors influencing guest experiences include service quality, property upkeep, personalization, and leveraging technology for improved guest interactions. Davidson Hospitality Group ranks the highest for the third consecutive year, excelling in guest room, food and beverage, hotel facility, and connectivity. The importance of food and beverage service has risen post-pandemic with increased consumer spending in hotel restaurants and food outlets.
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  • 4 min

Guest Post: What to price an air ticket?

  • Guest Post
  • 23 September 2024
🎵 Oasis' reunion in 2025 was marred by fans' outrage over dynamic pricing by official vendors and resale sites. The British government promised action. The travel industry, like airlines, uses dynamic pricing, especially during school holidays. This controversial method adjusts prices based on real-time demand, benefiting certain travelers while displeasing others. Legacy revenue management systems fail to accurately forecast since the pandemic. While dynamic pricing may lead to customer complaints, it's seen as a realistic way to ensure airlines and travel companies stay profitable and offer fair prices.
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  • 4 min

IFTM 2024: Behind the scenes of the Tourism Industry

  • Eddy @ Beating jetlag
  • 22 September 2024
🏖️ The IFTM International & French Travel Market in Paris showcased 400 stands, attracting over 30,000 professionals. International tourism is predicted to surpass pre-pandemic levels by 2% by the end of 2024. Key themes included AI's impact on marketing and SEO, sustainability in travel, immersive experiences, and the growth of fintech and travel insurance. The Paris Olympics influenced air travel, and exhibitors included 170+ global destinations. The event is primarily French-market oriented, yet accessible for English speakers.
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