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In this episode with Katie Moro and John Hach, we dive into detail about what areas of market data and intelligence truly allow a hotel to thrive without needing to guess what its future demand is looking like. We debate the critical needs of what our industry has to act on to do better when sourcing, aggregating and exposing market data for hoteliers. We then lastly discuss a framework for where the future of market intelligence is going. Have a listen if you are questioning your own market data and if it’s good enough for you. ....
Group and business travel segments are showing steady recovery in Q4, with 4.3 million group room nights already booked for H1 2023.
After an outstanding summer of travel, Amadeus’ Agency360® and Demand360® data sources are showing strong recovery indicators for the remainder of 2022 and evidence of growing traveler confidence as the sector looks towards 2023. Amadeus’ in-depth Demand360® business intelligence data, which offers both retrospective and forward-looking insights to inform revenue strategy, reveals that global hotel occupancy has exceeded pre-pandemic levels consistently throughout the summer. For July and August 2022, hotels have seen a global occupancy average of 67% compared with an average of 64% over the same timeframe in 2019 - a 3% increase from 3 years ago. These positive trends indicate consistent consumer confidence when it comes to booking travel for future stay dates, laying excellent foundations for a strong Q4 where on-the-books data is al ....
Hotel prices are set to rise “across the board” in 2023 with European cities likely to see some of the steepest increases, according to a new report from American Express Global Business Travel. The travel management company’s Hotel 2023 Prices report said that hotel companies face an “array of challenges” that will push up prices, including staff shortages, dealing with pent-up demand and soaring inflation. ....
In this episode, we break down our forward-looking, on-the-books market data for the fall season with our resident market experts Katie Moro and John Hach. We take a look at what hotel demand is actually looking like in the coming months, and what hoteliers need to be prepared for. What is market performance stacking up to previous years, what do hoteliers need to be acting on now to remain resilient, and what should the industry focus on to be profitable as we move through the rest of this year and beyond? Listen in to find out. If you want to see the data for yourself, you can get global and regional reports at our complimentary Market Insights Portal. ....