Hotel trends that drove Q4 revenue, portfolio growth - Despite a still-challenged lending environment and economic uncertainty, hotel operators focused on conversions and the booming midscale and luxury segments to fuel growth.
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Booking vs Airbnb: The battle of the vacation rental giants - The former doubled the latter’s turnover, reaching more than $21 billion. The latter made more money due to reduced marketing and personnel expenses.
Feb 28, 2024 • Hospitality
Hotels should look beyond ROAS to measure engagement - Maximizing ROAS while ignoring other metrics can lead to a marketing strategy that is overly focused on lower-funnel tactics at the expense of other audiences.
Feb 27, 2024 • Hospitality
Expedia to cut 1,500 jobs as travel demand fades - The job cuts are part of the OTA's broader restructuring plans as travel demand continues to moderate around the world.
Feb 27, 2024 • Hospitality
Tripadvisor 2023 versus Tripadvisor 2013 - The company's long-term investment in Viator is now paying off, reducing its reliance on advertising revenue from Expedia and Booking.com.
Feb 27, 2024 • Hospitality
Marriott Bonvoy adds 200 millionth member - The company announced its 200 millionth loyalty program member, reaffirming its status as the world's largest hotel rewards program.
Feb 27, 2024 • Hospitality
Top OTAs by market cap 2023 - As of September 2023, Booking Holdings was the online travel company with the highest market cap worldwide.
Feb 27, 2024 • Hospitality
@hotel launches DM concierge feature - This innovative service reimagines the traditional concept of a hotel concierge, adapting it to the digital era.
Feb 27, 2024 • Hospitality
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