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Supplier News

Chattanooga Ranks in the Top Five of Secondary Markets for the First Time in 2024

Cendyn’s Sales Intelligence platform, previously known as Knowland, shares its monthly data findings for hoteliers to gain insight into the top locations selected by today’s meeting planners. Cendyn reports that Las Vegas ranked first in the top 25 markets with 34.2 percent year-over-year (YoY) growth, positioning it in the top five markets for eight consecutive months; however, Chattanooga, Tenn. ranked in the top five secondary markets for the first time, coming in second with 62.7 percent meeting volume growth. Louisville, Kentucky, headed up secondary markets with 80.4 percent YoY growth. This data is sourced from Cendyn’s Sales Intelligence platform, designed to help hoteliers protect and grow their revenue base.

Cendyn™ and The Knowland Group
United States
Supplier News

Post-Olympics Hospitality Insights: Pricing, Trends, and Guest Satisfaction From Paris 2024

The 2024 Paris Olympics posed unique challenges and opportunities for the hospitality sector. During a recent webinar moderated by André Baljeu from techtalk.travel, Lighthouse Director of Hospitality Research Blake Reiter and Shiji ReviewPro Product Specialist Bruno Saragat dissected the performance of the Parisian hospitality market. The discussion centred around dynamic pricing, the influence of short-term rentals, and guest satisfaction throughout the event. Here is a summary of the key insights from the webinar and some points hoteliers can apply to their future revenue strategies, especially for large-scale events.

Shiji and Lighthouse
Paris, France
Supplier News

Nordic Capitals Maintain Moderate Hotel Revenue Growth in 2024

Hotel revenues in Oslo, Stockholm, Helsinki, and Copenhagen continue to show significant growth in 2024, though at a more moderate pace compared to last year. This slowdown was expected following the unprecedented post-pandemic surge in 2023, where hotel revenues increased by up to 36% annually. Despite concerns about a potential rebound effect, these cities have maintained a positive trend in the first half of this year. The hotel industry in the Nordic capitals continues to set new records, reflecting strong growth in their tourism sectors.

BEONx
Supplier News

U.S. Open Serves Up Growth for New York Events Industry Increasing Year-over-Year Volume by 30.2 percent in August, Knowland Reports

Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, reported that New York ranked second among the top 25 markets, with over 30 percent year-over-year (YoY) meeting volume growth driven primarily by sports tourism for August. Las Vegas ranked first with 36 percent YoY growth. This data is sourced from Knowland’s sales intelligence platform designed to help hoteliers protect and grow their revenue base.

The Knowland Group
Eugene, Oregon, United States
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Oktoberfest Set to Drive a Third of Munich’s Hotel Bookings this Autumn: SiteMinder

Berlin, Germany – Hotel bookings during Oktoberfest are pouring into Munich and are set to account for 32% of the host city’s reservations this autumn. This is according to new data from SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, which analysed forward bookings during the world’s most iconic beer festival celebrated in Bavaria within southern Germany.

SiteMinder
Germany
Supplier News

Knowland and Amadeus Report U.S. Group Business Delivers Seven Consecutive Quarters of Growth

Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, and Amadeus, a leading technology provider for the travel industry, today present the metrics from the companies’ Hospitality Group and Business Performance Index (the “Index”). For the second quarter of 2024, the Index shows overall health of 105.5 percent year-over-year (YOY.) This is the first time the overall Index has exceeded 100 percent, reflecting continued industry health across all reported indices. In addition, 22 of the top 25 U.S. markets have achieved 100 percent or more in overall performance compared to the same time in 2023.

The Knowland Group and Amadeus Hospitality
United States
Supplier News

US Open Finals Weekend Drives 16% Spike in New York City Hotel Rates: SiteMinder

Hotel rooms for the finals weekend of the US Open Tennis Championships have been snapped up for 16% more than the average banked by New York City’s hotels this summer. This is according to new data from the world's leading distribution and revenue platform SiteMinder, which analyzed bookings for the two-week-long tournament commencing at the end of August.

SiteMinder
New York, New York, United States
Supplier News

Sports Tourism Drives Las Vegas Year-over-Year Growth in Meetings for June with a 22.2 Percent Uptick, Knowland Data Shows

Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, reported that Las Vegas took the lead in meeting volume growth with a solid 22.2 percent increase for June year-over-year (YoY). Ranked second, St. Louis, Mo. saw a 12 percent increase in YoY growth. This data is sourced from Knowland’s sales intelligence platform and designed to help hoteliers protect and grow their revenue base.

The Knowland Group
United States
Supplier News

Measuring the Impact of the 2024 Olympics on France’s Hotels

With slightly over three weeks until the start of Paris 2024, SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, has analysed hotel arrivals during the Olympics period (26 July to August 11), and compared them to the same dates last year. The results are derived from SiteMinder's platform, which generates more than 120 million reservations annually, worth over US$50 billion in revenue for its more than 41,000 hotel customers.

SiteMinder
France
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Supplier News

WorldVia Travel Group Offers Select 2024 Travel Trend Insights

June 24, 2024 – Atlanta – WorldVia Travel Group, a collection of leading travel companies in the United States, has shared select, current and upcoming travel trends. These trends provide insights into a selection of the dynamic changes and evolving preferences shaping the travel industry, offering valuable guidance for travel advisors and travel agency owners planning their strategies and services to meet the shifting needs of modern travelers.

WorldVia Travel Group
Supplier News

6-in-10 guests at Northern Hemisphere hotels will arrive from abroad this summer: SiteMinder report

A new report by SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, reveals the momentum of global bookings for accommodation in the Northern Hemisphere, as summer commences. The report, SiteMinder’s Hotel Booking Trends – Summer 2024 Edition, has found that international arrivals are set to rise by 10% year-on-year to an average 62% of summer check-ins, compared to 52% in 2023. The largest year-on-year jump will be experienced by hotels in the US and Mexico, where international arrivals are set to grow by 16% and 20%, respectively.

SiteMinder
Supplier News

International Hotel Bookings in Germany Jump to 40% Ahead of UEFA Euro 2024: SiteMinder

Forty percent of June and July hotel stays will be from international guests, as football fans flock to Germany for UEFA Euro 2024. This is according to SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels. Comparing data for both months with the same period in 2023, SiteMinder also reveals that the total volume of bookings in the country has increased by 29%.

SiteMinder
Supplier News

Three Hills Announces Latest Investment from €1 billion Fund in Leading Italian Amenities Player in the Luxury Hospitality Sector, La Bottega

Three Hills (the “Firm”) is delighted to announce a new partnership with leading luxury hospitality amenities supplier, La Bottega Group (“La Bottega” or “the Company”), which will see the Company receive c. €115 million of new funding through a combination of preferred capital and equity from the Firm. The investment plays to Three Hills’ existing expertise in the hospitality space, with investments including Sant Ambroeus and The Wilde.

La Bottega