McKinsey identifies three major themes that will shape tourism in 2024 - Global travel is back and booming. More regional travel, new emerging travelers and a fresh set of destinations are driving steady spending.
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Tripadvisor shifting from arbitrage economics to engagement economics - This isn't the old Tripadvisor, which relied on metasearch and ad clicks. The new Tripadvisor uses generative AI for travel planning, allowing users to easily book experiences, restaurant reservations, and hotels.
Sep 24, 2024 • Hospitality
Top 10 trends in the hospitality industry in 2024 - Explore how the industry's adaptability and innovative mindset are shaping its future amid challenges and opportunities, all while keeping an eye on the latest hospitality trends.
Sep 24, 2024 • Hospitality
Sabre Hospitality is for sale ... again - Sabre’s hotel tech unit is up for sale, two years after a similar effort failed to yield a deal, with private equity firms expected to be among the potential buyers.
Sep 23, 2024 • Hospitality
U.S. Hotel Performance for August 2024 - Among the Top 25 Markets, New York City experienced the highest occupancy level (+5.2% to 87.3%).
Sep 23, 2024 • Hospitality
Global business travel costs moderating in 2024 - Latest research from CWT and GBTA reveals that while costs will continue to rise, the pace of these increases will be notably slower through 2024 and into 2025.
Sep 23, 2024 • Travel
What’s driving luxury travelers in 2024 - According to McKinsey, demand for luxury tourism and hospitality will grow faster than for any other travel industry segment.
Sep 23, 2024 • Hospitality
The travel industry lags on payment trends - A strong focus on educating the industry about alternative payment methods and trends is critical to reducing costs, improving the customer experience, and speeding payments.
Sep 23, 2024 • Hospitality
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