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At the market-level, significant downward movement in Bogotá began on 17 March as the government implemented measures to combat the spread of COVID-19. In year-over-year comparisons, Bogotá reached its steepest occupancy decline on 31 March (-94.0%).
More and more, when American consumers are looking to purchase presents for friends and loved ones, they’re opting to gift experiences rather than material things — and for forward-thinking hoteliers looking to capitalize on this trend known as “experiential gifting,” a powerful tactic known as hotel experiential gift marketing can help them do just that.
A new study from the Cruise Lines International Association (CLIA) reveals that the global cruise industry had its most significant economic impact in 2023. According to the report, the industry generated $168.6 billion globally, a 9% increase from 2019.
With increased international travel plans and a more tech-savvy approach to booking, traveler preferences are shifting towards more practical and personalized experiences, with a strong focus on eco-friendly options.
Distinct travel personalities emerge between American and Canadian travelers, with differing spending habits, travel preferences, and sources of travel information.
The Challenge's findings suggest that while progress is being made, a significant acceleration in climate action is required to convert commitments into real impact.
While managing hotels in Asia has much in common with operations worldwide, the region also has its particular aspects, as explored in this discussion. In a conversation with Cornell University Professor Chekitan Dev, Marriott Asia Pacific president Rajeev (Raj) Menon explains his leadership strategy.
Distinct travel personalities emerge between American and Canadian travelers, with differing spending habits, travel preferences, and sources of travel information.
September 2024 marked the first month-over-month decline in occupancy for Canadian hotels since January of the same year. Despite the decline, specific segments and locations, such as luxury hotels and Nova Scotia, showed strong performance.
The International Air Transport Association (IATA) has unveiled the findings of its 2024 Global Passenger Survey. The survey shows that travelers value convenience and speed, with many keen to use biometric identification and undertake some travel procedures before arriving at the airport.
According to a recent study American international travelers are a significant market segment due to their commitment to travel and positive travel sentiment. This group is characterized by their pursuit of new experiences and cultural understanding.
Digital marketing platform Sojern has released its latest travel data before the holiday season. The data reveals that despite economic concerns and inflation, more travelers are opting for luxury accommodations and experiences.
The overall occupancy rate reached 73.0%, reflecting a 1.7-point increase from August 2023 and a slight 0.7-point rise compared to 2022. This suggests a steady recovery in the hospitality sector, albeit with some fluctuations.