The Latest Booking Trends In June 2020
With all that's been happening, it's so encouraging and hopeful to see a gradual uplift in bookings.
Supplier News
Duetto Pulse Report: New Bookings Show Short-Term Resurgence
The latest edition of our Pulse Report, which went live today, is showing us universally positive signs, with week on week increases in pick up for all four geographic regions we are tracking: North America, Latin America, EMEA and APAC.
SiteMinder World Hotel Index Shows New Guests Plan Less As Bookings Surpass A Third Of 2019 Levels
Data by SiteMinder, the global hotel industry's leading guest acquisition platform, reveals that minimal planning will go into the trips of the post-COVID hotel guest. The data stems from new indicators within the World Hotel Index, which show that hotel bookings globally have surpassed a third of 2019 levels - for stays as soon as this month.
SiteMinder World Hotel Index: Europe Pushes Global Hotel Bookings Past A Quarter Of 2019 Levels
Data by SiteMinder, the global hotel industry's leading guest acquisition platform, today reveals a growing demand for travel within Europe has pushed total hotel bookings worldwide past a quarter of 2019 levels. The SiteMinder World Hotel Index shows the volume of hotel bookings globally has now reached 29.62% YoY.
SiteMinder World Hotel Index: Global Bookings In May More Than Double April’s YoY Volume
Data by SiteMinder, the global hotel industry's leading guest acquisition platform, today reveals that global hotel bookings in May were more than double April's YoY volume. The SiteMinder World Hotel Index shows bookings rose 137% over the four weeks from 29 April to 27 May, from 10.70% to 25.33% of 2019 levels.
RateGain's New Global Report on Impact of COVID-19 on Hospitality Shows Recovery in Key Markets
RateGain, a leading SaaS company for travel and hospitality, today announced the release of the second edition of the report on assessing the global impact of COVID-19 on the hospitality industry in collaboration with IDeaS and HSMAI Europe. The report tracks week-wise room reservations & cancellation trends from over 20+ countries across the globe, giving a comprehensive view of the current state of the industry and strategies that hospitality professionals can leverage to cope with the crisis.
Mark Woodworth establishes consulting and advisory practice, R. M. Woodworth & Associates
Mark Woodworth has established a consulting and advisory practice, R. M. Woodworth & Associates, to assist a broad array of capital market participants in optimizing opportunities in the lodging industry. Mark's work will be supported by data and insights from Kalibri Labs, a hospitality big data and analytics firm that has built a digital platform to evaluate and predict revenue performance.
New Duetto Report Sheds Light on Market Demand
As we learn to navigate the COVID-19 pandemic together, we at Duetto want to share with our customers, partners, and industry colleagues data that could prove to be helpful when quantifying changes in your region's demand.
Recovery Key Indicators: What to Look Out for in Your Market
We have been monitoring markets affected by COVID-19 since the early days of the outbreak, and we've focused on a few key indicators to help you understand when your market is headed for recovery. We will be introducing and analyzing these indicators over the next few weeks.
COVID-19 Crisis Recovery Data from China [Updated 31 March]
To assist the international markets build prediction models on the economic recovery post COVID-19 confinements, lockdowns and crisis we are publishing frequent updates from all the industries of Shiji's Chinese operations. We hope this can help management, strategy, marketing and operations teams of the various industries to develop their own plans for recovery and give some points of reference in this unique situation.
TrustYou Releases The Travel Health Index To Benchmark Current Review Activity In The Global Hotel Crisis
TrustYou announces today the launch of its newest KPI for review monitoring, the Travel Health Index (THI). Based on data gathered from the world's largest guest review database, TrustYou releases the exclusive report to compare hotel performance registered in 2019 with that of the current year. The hospitality industry is currently experiencing a drastic and unprecedented decline in hotel stays due to the impact of the COVID-19 outbreak and the widespread limitations on travel. The THI provides a representation of hotel occupancy rates, as review volume generally happens 2-5 days after check-out. This enables hoteliers and the wider hospitality industry to get a grasp on the current worldwide situation and the way in which the pandemic is impacting hotel businesses.
The Coronavirus Effect: A Closer Look At Europe
The World Health Organization has pronounced Europe as the new epicenter of the COVID-19 pandemic. Europe is now reporting daily increases in confirmed coronavirus cases at a rate higher than China during its height in February. Countries are now rapidly shutting their borders, allowing only essential travel for commuters and the shipment of goods. In addition to border closures, countries such as Italy, Spain, and France have ordered all non-essential businesses to close. In Italy, which has the highest number of confirmed cases in Europe, the government has instituted a nationwide lockdown.
Shiji's China Payments Transactions Index Shows Signs of Recovery
Across the Shiji Group product lines we are sharing data on how the COVID-19 crisis is recovering for other markets to use in their analysis and planning. We have looked at the transaction volumes across all our payment integrations to help give some comparable information. A few key points:
Good news coming from the Far East: Chinese Market moving into Recovery Mode
Active COVID-19 cases in China peaked on 17 February. Since then the number of active cases has been reducing rapidly. To assist hotels around the world in forecasts during the crisis we are publishing information of how the Chinese market is rebounding reservations since the peak of the epidemic. We hope this can give some comparison of how the hotel market could pick up in other countries. Some Takeaways:
Knowland Insights: Coronavirus Pandemic – Hotel Group Impact and Actions
Knowland, the leader in revenue-generating hospitality meetings data and analytics, is tracking the impact of the Coronavirus pandemic on group business for the hotel industry. Today, Knowland announced estimated group cancellation rates across a 90 - 120 day booking window for the US/North America, Asia Pacific and Europe regions.
TrustYou Unveils Review Performance Analysis of Top UK Cities, With London Ranking Last For Many Traveler Types
TrustYou released today its latest review performance analysis for the UK market. The research focuses on the top 10 largest UK cities and reveals the hotel scores and various traveler types, including how family, business, couples, or solo travelers rate the cities based on data from the past 24 months. Additionally, the company analyzed the general review sentiments expressed by travelers in the year 2019 for UK's biggest cities; among them were London, Birmingham, Glasgow, Liverpool, and Bristol. Surprisingly, London scored poorly for being fit for different traveler types with business, family, and solo travelers rating it as the least appealing city. Instead, Liverpool, Sheffield, and Edinburgh were among the most well-perceived by the different traveler categories.
Cvent Releases Q3 2019 Group Business Outlook
Cvent, a market-leading meetings, events, and hospitality technology provider, released the latest Cvent Group Business Outlook, a 24-month forward-looking report highlighting United States group booking activity through the Cvent Supplier Network (CSN). The CSN is the world's largest venue sourcing database, through which more than $16 billion dollars of group business is sourced annually. Each quarter, Cvent releases this proprietary sourcing data analysis, offering unique insights into the U.S. group business market.
CWT Meetings & Events Projects 8% Growth in 2020 Despite Gathering Headwinds
CWT M&E, the global meetings and events division of CWT, says the $840 billion industry is poised for an 8% growth in 2020 despite looming geopolitical and economic headwinds, according to its 2020 Future Trends Report, published today.
In Major Expansion, Teneo Hospitality Group Adds 50 Luxury European Hotels in 20 Major Destinations to Its Portfolio
In a sweeping expansion into 20 European destinations, Teneo Hospitality Group, the premier Global Group Sales Organization, has added 50 luxury hotels and resorts to its international portfolio. The new additions include independent properties, small luxury brands, and premium brands under the Radisson and Accor flags, including Radisson Blu, Radisson Blu Edwardian and Pullman Hotels, as well as the recently announced The Dedica Anthology collection. Though Teneo’s core business remains predominantly U.S. based, the new hotels, located in major European cities from Copenhagen to Budapest, will offer planners globally exceptional access to a diverse portfolio of unique hotels, dynamic destinations and the resources of luxury properties from North America to Europe’s most respected hotel brands.
Softscribe Inc. Lists Top Trends from Industry Leaders at Hotel Data Conference 2019
Softscribe Inc., an award winning hotel tech PR firm, attended the 11th annual Hotel Data Conference (HDC) this month in Nashville, TN with industry leaders and technology providers. STR hosted 734 attendees, with 91 on the waitlist, at the new JW Marriott® Nashville for a 3-day deep dive into data, industry & property performance, and trends for the global hospitality industry.