Category: Recent News

Online travel agency Booking Holdings (BKNG.O), opens new tab forecast lower room nights growth in the third quarter after beating analysts’ estimates for second-quarter revenue and profit, sending its shares down 8% after the bell.The booking window shrank in the second quarter and is expected to shrink further in the third quarter, the parent of booking.com and priceline brands said on a post-earnings call.Booking window, an important metric in the travel industry, refers to the number of days between the reservation date and actual arrival. A higher booking window indicates strong occupancy and revenue guaranteed in advance. The company forecast third-quarter room night growth to be between 3% to 5%, compared to 7.1% growth in the second quarter and 14.9% growth in the year-ago quarter.

Cycas Hospitality continues to drive forward its ambitiousEuropeanexpansion,with the signing of its first hotel in Luxembourg.The133-roomnew buildhotel, at the heart of therevolutionaryGRIDXcomplex, will be operated by the award-winning pan-European operator under its first hotelmanagementagreement with Félix GIORGETTIS.à r.l. Planned to openmid 2025, the GRIDX development is located in Wickrange in the southwest of Luxembourg at the cross-roads of the country’s transport links to thenearbyBelgian, French and German borders.

Questex today announces the rebranding of The Annual Hotel Conference to The Annual Hospitality Conference (AHC). The new brand reflects the focus on a broader spectrum of hospitality such as hotels, F&B, restaurants, pubs, co-living spaces, venues, and more. For the 21st year, the brightest of UK hospitality gather to learn, network and be inspired at the conference. The AHC takes place 30 September – 1 October 2024 at the Manchester Central Convention Complex, UK. Register here.

Eight Continents, a leading name in the global hospitality industry, proudly announces the expansion of its portfolio with the inclusion of the renowned Taychreggan Hotel in Scotland. This historic and picturesque hotel, nestled on the banks of Loch Awe, enhances Eight Continents’ commitment to offering unique and luxurious experiences in iconic locations around the world. Notably, Taychreggan Hotel marks the first hotel that will be owned by Eight Continents.

The industry reached the season turning point of the summer with U.S. occupancy falling after the previous week’s annual peak. While this seasonal decline was expected, it was greater than the decrease seen last year and in 2019. The previous week’s tech outage lifted performance for the first two days of the week, however, each day following slowed up to the largest decline on Saturday.

We all know that technology is rapidly transforming the hospitality industry and this is an incredibly beneficial development. Technology – like automated check-in kiosks, mobile room keys, AI-driven customer service chatbots, booking and ancillary revenue management software, and payment systems – saves us time, reduces costs, increases revenue, reduces stress, and streamlines operations in ways we couldn’t have imagined a couple of decades ago.

This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.

Modern Enhancements Infused with Traditional Dutch Touches at Iconic Airport Property; Corendon Revamps all Guestrooms, Meeting Spaces & Public Amenities.

In the ever-evolving world of boutique hospitality, partnering with the BLLA and sponsoring our premier events, such as the upcoming Boutique Hotel Owners Conference, offers unparalleled benefits for vendors and sponsors. Industry leaders from DIRECTV HOSPITALITY, Capital One Travel, and Jonas Chorum share their experiences and insights into how this partnership has driven visibility, networking, and business growth.

In this article we look at the role of emotions in the change process. Many inexperienced change leaders tend to assume that change in organizations can be broken down to a purely rational calculation of costs and benefits. In reality, the emotions of organization members are inextricably connected to how they will position themselves towards the change and whether they will support it, resist it, or remain neutral bystanders.