RevPAR down 19.2%, but worst should be over for Europe

November 23rd, 2009

A report produced quarterly by Deloitte, the business advisory firm, has found that year-to-September hotel performance fell across Europe. Revenue per available room (revPAR) performance in European hotels was down 19.2% to €58. This decline was driven by a 12.3% drop in average room rates to €108, while occupancy levels fell to 61.6%.
Commenting, Alex Kyriakidis, [...]

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Tags: Hotel Marketing · Travel Marketing

Billboard Effect: More Reservations Through Hotel’s Own Distribution Channels Due to Hotel’s OTA Listing

November 18th, 2009

Expedia and other OTAs have long touted what has become known in the industry as “the billboard effect” whereby they have claimed that positioning on their sites generates not only bookings through the OTA but also a halo effect on the hotels’ own sites by generating brand awareness.
Non-loyal consumers start many of their searches at [...]

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Tags: Hotel Marketing · Internet Marketing · Travel Marketing

Leisure Travelers Get Back in Motion

November 17th, 2009

In Ipsos Travel Barometer polling released this month, the number of respondents saying they’ll do more leisure travel in the next 12 months slightly topped the number saying they’ll do less, 19 percent to 15 percent.
In many cases, this isn’t just wishful thinking by consumers who are sick of being stuck at home. “What we [...]

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Tags: Hotel Marketing · Travel Marketing

Two Key Trends for Travel Industry: Travelers Spend less Money and Research Online More

November 11th, 2009

The biggest theme for those trips still on for 2009 was spending less money and researching online more—two factors that are probably connected, since respondents thought Web research was the single best way to save on travel.

Money-saving attitudes, unsurprisingly, have an effect on what kinds of ads are most likely to reach consumers. Asked which [...]

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Tags: Hotel Marketing · Internet Marketing · Social Media Marketing for Hotels · Travel Marketing

Hotel prices at lowest level for five years

November 2nd, 2009

In Europe, the US and Latin America, hotel prices in Spring/Summer 2009 had fallen to levels well below those in 2004, according to the Hotels.com Hotel Price Index, meaning hotel room prices were at their lowest level for five years.
UK travellers enjoy lower prices in many destinations
The average price of a room in Barcelona was [...]

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Tags: Hotel Marketing · Travel Marketing