The hospitality and travel industry is experiencing a spending surge, with online travel agencies (OTAs) like Expedia Group, Booking Holdings, Airbnb, and Trip.com Group collectively spending a record $4.08 billion on sales and marketing in the first quarter (Q1) of 2024. This 10.6% increase from Q1 2023 really reflects the industry’s aggressive pursuit of consumers […]
F&B is increasingly a cost centre for hotels, steadily losing profitability since 2018. But there’s hope! Hoteliers should look beyond just the menu and decor to create a compelling F&B offering Profitability in food and beverage (F&B) dropped by over 30% in the last five years. Operating with increasingly tight margins, many hotels can no […]
The world of travel payments is tough, with high expectations from consumers and complex transaction requirements for B2Bs Travel bookings are back. Online sales are expected to account for 76% of total revenue in the travel and tourism sector by 2028, by which time, revenue is set to reach £746.4bn (Statista). The mobile travel booking […]
The Gadget Show’s Jason Bradbury and Google’s Susie Vowinkel confirmed as keynote speakers for 2024 edition of TravelTech Show Visitor registration is now open ahead of the show taking place 19-20 June 2024 at ExCeL London With just one month to go until TravelTech Show opens its doors on 19 June, organisers of this year’s […]
As of Monday, May 13th, European regulators have designated Booking.com as a “gatekeeper” platform, subjecting it to stricter regulations. They have just six months to submit a detailed report outlining how they comply with certain obligations. Non-compliance could lead to fines of up to 10% of their total worldwide revenue. Ultimately, this move aims to […]
