Group booking pace provides longer-term opportunities for hoteliers Hoteliers in major North American markets can look forward to an improved group booking pace beginning at the end of 2016 and continuing into 2017, demonstrating its value in capturing incremental business as hoteliers prepare for the New Year. Source: Hotel Marketing Group booking pace provides longer-term opportunities for hoteliers
The best and worst hotels for cashing in rewards points A new study compares earning and burning points at six different hotel chains and found average payback at Wyndham is nearly 14%. The lowest payback: Starwood Preferred Guest, where stays earned back only 5.6% of value in rewards. Source: Hotel Marketing The best and worst hotels for cashing in rewards points
Lodging deals dominating travel acquisitions While Expedia Inc.’s buying spree created most of the mergers and acquisitions buzz last year, 2016 has been a quieter year for mega online travel agency acquisitions and the focus has shifted to hotel and other hospitality tech company acquisitions so far this year. Source: Hotel Marketing Lodging deals dominating travel acquisitions
U.S. travel picked up this summer, but don’t expect the trend to last It’s good news that travelers took their summer trips, all things considered. But the fairly bleak outlook shows that the travel industry still has some lean times ahead. Source: Hotel Marketing U.S. travel picked up this summer, but don’t expect the trend to last