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 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., 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.
Cvent, a market leader in events and hospitality technology, today released the results of its fifth annual Cvent Planner Sourcing Report, which outlines the results of a survey among nearly 3,000 professional event planners worldwide that explores how meeting planners source venues and what influences their decision-making. The survey offers hospitality professionals the data and insights they need to win more group business and ensures their sales and marketing teams are focusing on the areas that make the most impact to help them drive more profitable business.
Point A Hotels, clients of HotelREZ since its launch in 2017, have added two new hotels to its portfolio, Point A Kensington Olympia and Point A Edinburgh Haymarket.
After posting sharp rises in 2019, prices in the global travel industry are likely to slow in 2020, with flights rising a modest 1.2%, hotels rising only 1.3%, and rental car rates up 1%, according to the sixth annual Global Travel Forecast, published today by CWT and GBTA. While the global economy is doing well overall - and expected to grow a solid 3.6% in 2020 - a raft of uncertainties are set to put a damper on pricing.
Eleven, the pioneer in cloud-based central authentication management systems, undergoes rapid expansion. The ElevenOS platform enables hoteliers and multi-family property managers around the globe to deliver a seamless Wi-Fi experience that guests and residents love. In July, the company celebrated the onboarding of its millionth room on its platform ElevenOS, marking a significant milestone in the company's history.
Revinate, the software as a service (SaaS) company that helps hoteliers make the most of every guest, today released its 2019 Global Hotel Marketing Benchmark Report. Now in its second year, this industry barometer report analyzes 226 million emails from properties of all sizes and across all regions to help hoteliers understand marketing benchmarks in the industry. For hotels that are investing in CRM and marketing automation, the news is great; Email marketing continues to drive powerful results as customer engagement improves year over year.
Tourism is a key driver for local economies, bringing in visitor dollars and supporting jobs. For smaller, secondary markets that are traditionally overlooked, recent increases in tourism have helped create healthy opportunities for independent hotels to thrive. With more travelers, especially younger generations, opting for off-the-beaten path destinations (https://info.advertising.expedia.com/travel-and-tourism-trends-for-american-travelers) and unique and memorable experiences, independent hotels have an opportunity to capitalize on the growing interest in these second-tier markets.
According to research commissioned by RoomIt by CWT™, the hotel distribution division of CWT, the B2B4E travel management platform, business travelers want different hotel experiences based on the country they are from.
Avvio recently collaborated with the Independent Hotel Show to carry out research into hoteliers' relationships with online travel agencies (OTAs) and surveyed 150 hospitality professionals across Europe, producing some interesting results.The research shows that the vast majority of respondents accepted online bookings from OTAs, but, most encouragingly, 69 per cent also stated they were committed to growing their strategy to drive direct bookings.The Direct Booking Survey 2019 also highlighted that although nearly all of the hoteliers who responded use OTAs as part of their distribution model, the overarching consensus is that the commission charged has reached unacceptable highs.
OTA Insight, the cloud-based data intelligence platform for the hospitality industry, today released a new Length-of-Stay (LOS) Strategy Report. Examining the rates of over 50,000 hotels globally, based on data derived from the company's Rate Insight platform, the report provides a comprehensive analysis on the number of hotels that apply a level of discounting in return for a guaranteed number of nights (LOS discount), how often they apply it, the size of discounts, and what key takeaways can be extracted from these different strategies.
Over 55% of workers who also work remotely (either occasionally or full time) struggle to concentrate in the office for at least half an hour each day, according to a new study conducted by Guestline.
The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization solutions reports continued growth coming out of Q1, a steady pipeline and new advances to their revenue and profit optimization suite of solutions.
Alpharetta, Ga. — Agilysys, Inc. (Nasdaq: AGYS), a leading global provider of next-generation hospitality software solutions and services, today announced the release of its annual hospitality infrastructure study, Guest Experience Management: How to Deliver What Matters Most to Guests.
New data released by Guestline reports that the company is thriving on an international level, currently growing revenues across 25 countries.
SAN FRANCISCO - Revinate, the software as a service (SaaS) company that helps hoteliers make the most of every guest, today announced the findings of its 2019 Global Hotel Reputation Benchmark Report. Now in its fourth year, this industry barometer analyzed 427 million online guest reviews from 140,000 properties across 200 countries over the last two years. For the first time, there are signs that guests' interest in writing online reviews is waning.
TeamSupport, the industry's top business to business (B2B) customer support software solution, today shared information about its 2018 performance and growth initiatives as the company continues building strong momentum into 2019.
Hotels in Germany are poised to benefit from tourism numbers that are outpacing the growth of travel within the EU's most visited country destinations, a new report has found today. State of the Nation 2019: How Big is the Opportunity for Hotel Bookings in Germany? by SiteMinder, the global hotel industry's leading guest acquisition platform, reveals that Germany's inbound arrivals have almost doubled (96%) in the last 10 years to surpass the growth rates seen across the EU.
ProfitSword, hospitality's premier developer of business intelligence and data integration software, announces the release of a comprehensive report detailing the latest advances in data forecasting and budgeting tools and practices for the hospitality industry. Utilizing insight from the industry's leading experts, the report showcases how today's data management environment has evolved to provide the tools needed for hoteliers to instantly implement sound business strategies based on real-time and always accurate information.