h2c regularly conducts in-depth hospitality technology research. This year, we are focusing on Hotel Direct Bookings and we are inviting hotel chains up from 3 properties to provide their feedback. Your participation in this study will help the industry better understand hotel direct booking strategies and tactics, as well as emerging trends.
Eva Estepona launches this summer on the Andalusian Coast
Opening this July, Eva Estepona is set to become the Andalusian coast’s new hotspot and lifestyle destination offering provocative performances from day to night, along with an extensive dining offering, a beach club concept and a club.
Hoteliers prioritize personalization as they significantly increase investment, finds new Amadeus research
The new report, Travel Technology Investment Trends 2024, published today from Amadeus finds hoteliers expect to increase their investment in technology by an average of 16% over the coming 12 months, with one in five planning to invest over 20% more than they did last year.
GBTA Launches Accessibility Toolkit to Address the Increasing Need for Seamless Business Travel for All
With an estimated 39% of business travelers reporting accessibility requirements that impact their travel experience1, travel managers are seeking guidance to incorporate these needs into their corporate travel policies. So how can companies and corporate travel professionals create a more inclusive travel experience to accommodate their various travelers? The GBTA Foundation, the charitable arm of the Global Business Travel Association (GBTA), today launched the GBTA Accessibility Toolkit, a guide to help travel managers and buyers create more accessible policies and practices in their business travel programs.
CBRE: Global Hotel Investors Plan to Buy More This Year
Executive Summary Global Outlook CBRE Hotels Research is cautiously optimistic about hotel market fundamentals this year, as outlined in our 2024 Global Hotels Outlook report. Following a 33% drop last year, we expect investment activity to pick up in the second half of 2024 due to highly anticipated Federal Reserve interest rate cuts. Figure 1: Global Hotel Investment Volume & Share of Cross-border Capital !function(e,n,i,s){var d=”InfogramEmbeds”;var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,”script”,”infogram-async”,”https://e.infogram.com/js/dist/embed-loader-min.js”); CBRE’s inaugural Global Hotel Investor Intentions Survey of more than 300 investors from the Americas, Europe, Asia-Pacific and the Caribbean casts a positive outlook on global hotel investment in 2024. More than 50% of surveyed hote…
Travel and tourism sector deal activity down by 13.5% YoY in January-April 2024, finds GlobalData
Travel and tourism sector witnessed the announcement of 217 deals (mergers and acquisitions (M&A), private equity and venture financing deals) during January-April 2024 compared to the announcement of 251 deals during the same period in previous year. This represents a year-on-year (YoY) decline of 13.5% in deals volume during January-April 2024, according to GlobalData, a leading data and analytics company.
The Store Opens in Former Oxford Department Store Building
Today, the vibrant luxury lifestyle hotel, The Store, opens its doors in the heart of Oxford and in the building of the former historic department store, Boswells.
Customer personalization – No longer an option in the digital age?
Personalization refers to tailoring products, services, content, and experiences to align with individual customers’ preferences, interests, and behaviors. It goes beyond basic segmentation to provide a specialized, high-value customer experience.
Address F&B profitability before it takes you under
F&B is increasingly a cost centre for hotels, steadily losing profitability since 2018. But there’s hope! Hoteliers should look beyond just the menu and decor to create a compelling F&B offering. Profitability in food and beverage (F&B) dropped by over 30% in the last five years. Operating with increasingly tight margins, many hotels can no longer support loss-making business units, yet F&B remains a pivotal service for the industry. It’s time to take action to improve the bottom line and remove revenue leakage. The current market conditions for hotel F&B are exceptionally challenging. While Revenue Per Available Room (RevPAR) is up by 17% in Europe compared to January 2020, F&B revenue increased just 5%. But what does that mean in real terms? In 2018, hotels’ F&B profit margin stood at an average of 32%, but fast-forward five years and this fell 10 percentage points to 22%. Cost increases due to inflation in the supply chain is certainly one eroding factor, but we also have to consid…
Ennismore Expands Its SO/ Brand With New Signing In Budapest
Ennismore, the fastest-growing lifestyle and leisure hospitality company, announces the signing of SO/ Budapest, the brand’s first destination in Hungary. SO/ Budapest will open in 2026, following extensive refurbishment of both the exterior and interior of the building.