Global Asset Solutions reports 35% EBITDA growth
Global Asset Solutions has marshalled EBITDA growth of 34.63% YoY to August 2024, across its expanding portfolio of luxury hotels.
Supplier News
Latest Cvent Planner Sourcing Report Reveals Anticipated 2025 In-person Event Growth Comes with Increased AI Adoption and Higher Expectations for Faster, More Customised Hotel Responses
Cvent, a market-leading meetings, events and hospitality technology provider, has published its 2025 Cvent Planner Sourcing Report: Europe Edition. This annual report provides hoteliers, venue operators and destination management organisations with valuable insights into the sourcing priorities of UK and European event professionals, alongside actionable strategies to meet evolving industry demands and capitalise on meetings and events growth.
Cendyn Reports Phoenix Leads in Top 25 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. Today, Cendyn announced that Phoenix ranked first in the top 25 markets with year-over-year (YoY) growth at 19.7 percent. Las Vegas followed closely with growth at 17.7 percent, placing it in the top five markets for the tenth consecutive month. South Michigan and the Florida Panhandle led in secondary markets, while Kauai, Hawaii, experienced significant YoY growth at 72 percent. This data is sourced from Cendyn’s Sales Intelligence platform, designed to help hoteliers protect and grow their revenue base.
Amadeus & UN Tourism Report Reveals Continued Growth in Travel to the Americas
A new report released today by Amadeus in collaboration with UN Tourism reveals continued growth in demand for travel to destinations across the Americas, despite economic and geopolitical challenges.
Kylie fever hits UK hotels as bookings and ADR surge ahead of 2025 Tension tour: SiteMinder
Hotels in cities across the UK are experiencing a significant boost in bookings and average daily rates (ADR) as Kylie Minogue’s 2025 Tension tour approaches, according to new data from SiteMinder, the world’s leading hotel distribution and revenue platform.
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.
HotelRunner Acquires Bookingate, Expanding its B2B Powerhouse for the Travel Industry
HotelRunner, the leading travel and hospitality technology platform, is proud to announce its acquisition of Bookingate, an innovative B2B travel marketplace and technology platform. This strategic acquisition reinforces HotelRunner’s mission to extend its industry leadership by strengthening its commitment to completing the travel value chain for supply and demand.
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
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.
Alliants Launch 1 LiVNG, a strategic partnership with Hospiria to Revolutionise Residential Real Estate Technology
Alliants, a leader in luxury hospitality technology, is proud to announce the launch of 1 LiVNG, a groundbreaking new venture, in partnership with Hospiria, focused on transforming the residential real estate market.
Digitalization drives a surge in productivity in the hospitality sector
Mews, the industry-leading hospitality cloud, has revealed that staff using its technology saved a collective of almost 5,000 hours (the equivalent of 7 months) in administrative time this summer1.
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.
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.
Quore Recognized for Outstanding Growth on the 2024 Inc. 5000
Quore, the leading provider of workflow management and productivity tools for hotels, today announced it was featured on the 2024 Inc. 5000. The prestigious annual list of fastest-growing companies in America provides a data-driven look at the most successful companies within the economy’s most dynamic segment: independent, entrepreneurial businesses.
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.
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.
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.
Amadeus Launches Industry-First Integrated Data Platform for Destinations
Reliable and actionable data is key to strategic business planning in the fast-paced world of travel and tourism. To help destinations stay ahead of the curve, Amadeus is the first technology provider in the industry to empower Destination Management Organizations (DMOs) and Convention & Visitor Bureaus (CVBs) with a unified business intelligence platform.
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.
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.