The vertiginous drop in global hotel revenue and profit performance depicted in March data, continued its free fall in April, marked by dramatic year-over-year decreases across the operating spectrum, according to data from HotStats. The growing cha…
Upswing in travel costs can lead to a slow recovery of tourism industry post-COVID-19, says GlobalData
According to COVID-19 consumer survey, 59% of respondents globally are always or often influenced by how well a product aligns with their financial constraints. The financial crunches will lead to travel postponements that can further lead to an inc…
ProfitSword Wins Prestigious American Business Award for Next Generation ProfitAbility Business Intelligence Solution
ProfitSword, the leading developer of business intelligence and data integration software for the hospitality industry, has been awarded the Bronze “Stevie Award” during the 18th Annual American Business Awards for its recently launched ProfitAbilit…
Over Half Of British Adults Have Made A UK Bucket List During The Lockdown
Holidaying on the English Riviera, taking a trip on the Jacobite, soaking in the Stonehenge summer solstice, eating fish & chips at the seafront, exploring the Scottish Highlands and having a picnic on the Yorkshire Dales are just some of the activi…
HTNG, in partnership with HEDNA and OpenTravel, releases an Open Payments Alliance Standards Specification: Payment Recipients.
While there have been many advances and innovation in the distribution channel, payments have not evolved at the same pace due to their intrinsic complexity. There are many forms of payment used in the indirect sales channel and each one of them has…
COVID-19: Learning Lessons From Holiday Hideaways and Luxury Escapes
As the COVID-19 pandemic continues to surge around the world, the tourism industry has been sent into a downward spiral. Airlines have cancelled flights, hotels have shut down their services and governments are closing borders and placing their citi…
Hotel Industry Trends: The Near Future Report
Factors related to hotel performance do not predict a bright immediate future Intercontinental travel is not expected to pick up the coming months or year, flights and airline routes are cancelled, governments are slowly opening borders sometimes co…
Hotel Technology: The Answers
I Don’t Have The Answers Anyone who follows my personal posts on LinkedIn will have recently seen me sharing a lot of truths. This is going to continue in a similar vein, albeit focussed on Hotel Technology. The truth is, as of early May 2020, we do…
Mövenpick Hotel The Hague Opens Its Doors
On 1 June 2020, Mövenpick Hotel The Hague will open its doors on Paleisstraat in The Hague, a stone’s throw from Noordeinde Palace. The renovation of the luxury boutique hotel was completed in March and the time has finally come to show what the hot…
STR: Europe Hotel Performance For April 2020
LONDON – Reflecting the impact of the COVID-19 pandemic, Europe’s hotel industry reported unprecedented performance lows during April 2020, according to data from STR. Euro constant currency, April 2020 vs. April 2019 Occupancy: -84.6% to 11.1% Aver…