Whether theyre hosting a conference for 300 out-of-town guests or an away-day for a 30-strong team from a local company, hotel meeting and event spaces are in high-demand.
Quarterly forward-looking report informs hoteliers of key market trends to help drive group business growth within the industry
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), increased 0.1% in March 2019, compared to the same period in 2018. While this is a significant improvement on the 4.9% contraction in February, in seasonally adjusted terms, demand is still down 1.5% over the past year.
Customer Satisfaction in Airlines and Travel Websites on the Rise, While Hotels Lose Ground
According to a new Expedia Group study released today, price and guest ratings carry more weight than brand value as key attributes to hotel property selection, showing that independent hotels can more effectively compete today with their branded counterparts.
measured in freight tonne kilometers (FTKs), decreased 4.7% in February 2019, compared to the same period in 2018. This was the fourth consecutive month of negative year-on-year growth and the worst performance in the last three years.
According to the December 2018 edition of CBREs Hotel Horizons®, the annual growth in RevPAR for U.S. hotels is forecast to decelerate from 2.8 percent in 2018 to 0.1 percent in 2021. As the main source of hotel revenue is plateauing, hoteliers are looking up and down their operating statements to find alternative sources of income. For hotels that operate a spa, this department has stood out as a bright spot not only for growth in revenue, but gains in profits as well.
Hotels Target Millennials, Prioritize Green Sustainable Initiatives, Advance Technology
With nearly 70 percent of marketing leaders stating that events play a significant role in accelerating sales, meetings and events continue to be key business drivers for organizations around the world. According to a new report by Cvent and Edelman Intelligence, event professionals can deliver more impactful and profitable events through enhanced technology, tailored communication, and networking opportunities.
New Research Reveals Room for Improvement in Meetings & Events Risk Management