market insights
Hotel Forecasting: Why It Is Important to Your Business
CoStar Group | October 4, 2024
Hotel forecasting plays a vital role in strategic decision-making, shaping both the short and long-term success of a property or portfolio. By understanding the key components and dynamics of accurate forecasting, hoteliers can implement more effective strategies, optimizing efficiency and maximizing profitability. This article is part of a series on hotel benchmarking data sets and use cases. Reach the other editions here: The hospitality industry’s historical KPIs | The role of profitability data in a comprehensive hotel benchmarking experience | Using business on the books in a complete benchmarking approach ...
Knowland Partners With Thynk to Expand the Hospitality Ecosystem
KNOWLAND | March 27, 2024
Partnership enables hoteliers to gain market insights, expand distribution options, grow guest loyalty, and strengthen meeting and event management ARLINGTON, Va. — March 27, 2024— Knowland, the leading provider of data-as-a-service insights on meetings and events for hospitality, and Thynk, provider of the next-generation hospitality commercial platform powered by Salesforce, announced today a strategic partnership to connect the hospitality technology ecosystem better. The partnership will integrate data from Thynk's hospitality CRM solution with Knowland’s world-class meetings and events database for Knowland and Thynk customer...
Amadeus Data Reveals Los Cabos, Mexico to Be Top Hotel Destination for Christmas and New Year’s Travel
Amadeus’ Demand360+ | December 7, 2023
Unique forward-looking market insights show the top global destinations for holiday travel, with Mexico and APAC leading the way As we head towards the festive season, hoteliers are preparing for demand as people look to travel over Christmas and New Year’s Eve. Global technology provider Amadeus, with its unique forward-looking business intelligence data, is seeing a peak in demand over the Christmas and New Year period across major markets around the world. Amadeus’ Demand360+® data as of November 27, 2023, shows that global hotel occupancy for the weeks of Christmas and New Year’s is already at 23%. This is up 10 % fro...
LodgIQ™ Appoints David Millili as Chief Executive Officer
LodgIQ | October 12, 2022
Hotel tech executive brings hands-on market knowledge and a strong track record to accelerate LodgIQ’s strong momentum and lead the company into the future Silicon Valley, CA (October 12, 2022) – Silicon Valley-based LodgIQ™, the award-winning global revenue management technology provider that uses advancing machine learning models and AI to deliver intelligent market insights, forecasting, and dynamic pricing, today announced hotel industry leader David Millili as the company’s new CEO. Voted one of the 100 Most Powerful People in USA Hospitality, David brings almost three decades of acclaimed leadership experience in all aspec...
Survey Finds Americans’ Overall Perceptions of Travel Safety Hold Steady Despite Rise in U.S. COVID-19 Cases
MMGY Travel Intelligence | July 21, 2020
KANSAS CITY, MO (July 21, 2020) – According to the latest results of MMGY Global’s Travel Safety Barometer (Wave VI), which measures the impact of COVID-19 on traveler perceptions of safety, the current surge in cases of the virus across the U.S. has not made Americans more fearful of becoming ill. It has also not impacted the number of respondents who plan to take a leisure trip within the next six months, which has held steady at 40% since early June. While the travel industry still has a long road to recovery ahead, there are two areas where perceptions of safety are in fact rising. Americans’ confidence in the safety of domestic fl...
