GBR: Increased hotel revenues in 9 months | Which hotel deals were signed in the Summer!

The Greek tourism sector is heading towards another record year this year, with international tourist arrivals, but mainly the revenues of Greek hotels showing a positive sign in the period January – September 2024, compared to the corresponding period last year. In this environment, notable hotel investments and agreements have been finalized. In more detail, […]

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Hoteliers triple ancillary revenue with offers not tied to room reservations as Sabre reveals

Sabre Hospitality, a division of Sabre Corporation, a leading provider of software and technology powering the global travel industry, today announced the next evolution of its retail solution: SynXis Retailing. With the addition of standalone offers, not bound by room reservation and automated fulfillment powered by Nuvola, SynXis Retailing is the most comprehensive retail solution […]

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Reduction in tourism revenues in both restaurants and hotel resorts

Restaurateurs in Mallorca report a decrease in the number of customers this season, with the drop being particularly noticeable in the resorts. According to the president of the island’s CAEB restaurant association, Alfonso Robledo, the decline started last summer but became more noticeable this month, as reported by Majorcan Daily Bulletin. Alfonso said: “Before there […]

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DERTOUR: Sharp increase in sales for this year’s tourist season | At +50% approximately

The Dertour Group, the tourism arm of the Rewe Group, recorded a double-digit growth rate of approximately 25% (24.6% to be precise) in sales in 2023, with revenues amounting to €7.2 billion, while a new, sharp increase of 47% was recorded in early March for this year’s tourist season. The Dertour group is “back on […]

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These were the revenues of Greek hotels in 2023 | 22.5% increase to €10.6 billion | What was the average room rate | INDICATORS

Hotel revenues amounted to €10.6 billion in 2023, up 22.5% compared to 2022, when total turnover was €8.6 billion. The increases were higher in seasonal hotels and in 4 and 5 star hotels. These data are derived from a field survey of Institute Tourism Research and Forecast, that processed by INSETEP and are included in […]

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Negative developments on TripAdvisor Plus at the Phocuswirght Conference

Tripadvisor’s attempt to create a subscription program that would give travelers discounts, drive bookings for suppliers and revenue for itself is ending after just more than three years. “We’ve taken the decision to end our Tripadvisor Plus program,” said a Tripadvisor spokesperson in an emailed statement. The program initially became available in beta in December […]

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FTI: Progress in talks with investors | Complicated process | Revenues over €4 billion, up 10% | Positive outlook for 2024

FTI Group announced a 10% increase in turnover to €4.1 billion in FY22/23, compared to the previous year, with the group also planning double-digit growth for this year and the search for investors “also making progress”. The group, which has been in the spotlight due to concerns over its sustainability, presents its financial results and […]

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Is the end of ‘surprise’ airline and hotel fees good or bad for the travel industry?

“Focus instead on where you can add value to the customer’s trip” is consensus view from experts for airlines and hotels following new potential rule set to challenge ‘surprise’ and ‘resort’ fees. Recently two US senators introduced the Junk Fee Prevention Act, specifically targeting airline and hotel resort fees. This will require airlines and hotels […]

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Hard Rock

AHLA: Hotels’ recovery continues

Midway through 2022, the hotel industry continues to make strides toward recovery, with nominal hotel room revenue and state and local tax revenues projected to exceed 2019 levels by the end of this year, according to the American Hotel & Lodging Association (AHLA)’s 2022 Midyear State of the Hotel Industry Report. Hotel room revenue in […]

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U.S. hotel profit reached 84% of 2019 level, labor rises slightly

Gross operating profit for U.S. hotels improved to 84% of the comparable 2019 level, according to STR‘s June 2021 monthly P&L data release. Labor costs also rose from the previous month and in comparison with 2019.          Each of the key profitability metrics, on a per-available-room basis, came in higher than any month since February […]

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