Using AI to generate more relevance for the consumer can reduce acquisition costs by as much as 50% while increasing revenue by 43%.
While revenue-management systems increasingly are calculating demand by day as well as by market segment, retail pricing hoteliers still have to take a human approach to review the competition and considering cultural events.
Universities and the industry need to collaborate better to inform students about work in the hotel and hospitality sector.
While architecture and design enable properties to curate a memorable stay, it’s also a powerful tool for communicating a brand’s message.
A proliferation of soft brands, online travel agencies, homesharing players offer independent hotels new distribution and marketing choices, but are intensifying the competition for players such as WorldHotels.
The Global Wellness Institute calculated the global spend on wellness tourism at $639.4 billion in 2017. The sector grew 6.5% per year from 2015 to 2017, more than twice the growth rate for general tourism.
Hilton’s Web Direct channels of all types grew three times the rate of other channels.
The investment would bring to a close of Oyo's $1 billion financing round, valuing it at $5 billion.