What is contributing to the dynamic growth of Montréal’s hotel supply and demand?
The Montréal hotel market has swiftly rebounded from the pandemic-induced RevPAR decline of 63.0% in 2020. While Downtown Toronto and Downtown Vancouver have experienced over 4.0% loss of hotel room…
David vs Goliath or how independents can beat the OTAs at their own marketing game
In 2024 Expedia spent on marketing $6.8 billion, which represents 49.6% of revenue, while Booking Holdings spent $7.3 billion which was 31% of revenue. These two mega OTAs spent on…
Shiji unveils comprehensive rebrand, unifying its hospitality technology solutions under a single platform
BERLIN, Germany - Shiji, a leading global provider of hospitality technology solutions, announced a complete company rebrand, uniting its suite of products under a cohesive brand structure. With this transformation,…
Hotel Yearbook 2025 Sustainability Tech Edition: A Summary
Here is a summary on what to expect from the Hotel Yearbook 2025 Sustainability Tech Edition. Data-Driven Sustainability is leading the charge, enabling hotels to make informed decisions and enhance…
China achieves its annual economic targets
Editor's note: Despite facing multiple challenges from both internal and external pressures, China's economy has remained stable, successfully meeting its major annual economic growth targets for 2024. While ensuring steady…
Hyatt Plans to Add 20 New Hotels in Top Vacation Destinations for British Travelers
These openings will drive a 20% growth in Hyatt’s brand presence in the relevant destinations, adding nearly 4,000 new rooms by 2028. Destinations include Spain, Greece, Italy, Croatia, and Portugal.…
ITB: Bookings are rising slowly but surely
Mitra Sorrells from Phocuswright spoke about the importance of digitalization for the travel industry. Despite a gloomy consumer outlook the global travel market continues to grow, although not at the…
Profit Matters: Annual Publication 2024
Profit Matters 2024 captures the pulse of the global hospitality industry through a meticulous analysis of the year’s key financial and operational metrics. With a focus on trends, benchmarks, and…
Hilton Announces Nomination of Marissa Mayer to Board of Directors, Long‑Time Director Judith McHale to Retire
MCLEAN, Va. – The Board of Directors of Hilton Worldwide Holdings Inc. (NYSE: HLT) today announced that veteran business leader and technology entrepreneur Marissa Mayer has been nominated to stand…