Hotel prices expected to rise sharply in 2018 Released by Carlson Wagonlit Travel and the GBTA Foundation, The 2018 Global Travel Forecast shows global airfares are expected to rise 3.5% in 2018; hotel prices are expected to be 3.7% higher; Source: Hotel Marketing Hotel prices expected to rise sharply in 2018
Last-minute hotel cancellations will soon prove costly Business travel can be unpredictable: Flights can be delayed, meetings rescheduled or assignments changed – sometimes with little notice. But now, those last-minute changes could prove costly as more hotels impose 48-hour minimums for canceling a stay without penalty. Source: Hotel Marketing Last-minute hotel cancellations will soon prove costly
TMCs disappointed, concerned over Marriott’s revised cancellation policy According to a recent industry poll, some 59% of respondents indicated that business travelers will likely book away from Marriott properties, especially after they get burned by cancellation fees a couple of times as many travelers do not read the fine print on travel documents. Source: Hotel Marketing TMCs disappointed, concerned over Marriott’s revised cancellation policy
Hilton following Marriott in making cancellation policy more restrictive The company is recommending that the owners of its managed and franchised hotels move to a policy that would require cancellation 48 hours in advance to avoid a penalty. Some cancellation windows in certain locations would rise to 72 hours. Source: Hotel Marketing Hilton following Marriott in making cancellation policy more restrictive