What are Hotel Industry Statistics?

Hotel industry statistics are numerical data points that provide insight into various aspects of the hotel industry, such as the number of hotels, the occupancy rates, average daily rates (ADR), revenue per available room (RevPAR), and other performance metrics. These statistics are used by hotel operators, investors, and industry owners analysts to evaluate market trends, identify growth opportunities, and make informed decisions about their businesses. Some common hotel industry statistics include: Number of hotels: This statistic represents the total number of hotels in a given market or region. Occupancy rate: This is the percentage of available hotel rooms that are…
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International Travel Tips Ahead of HITEC Toronto 2023

Last year, hospitality professionals from 46 countries across the globe traveled to Orlando, Florida USA for HITEC North America. Will your HITEC journey be transnational in 2023? Here are some valuable travel tips to help non-Canadian attendees prepare for the upcoming trip to HITEC Toronto, taking place June 26-29 at the Metro Toronto Convention Centre. You can also visit cbsa.gc.ca and cic.gc.ca for more information on traveling to Canada. ENSURE YOU HAVE THE REQUIRED DOCUMENTS IN ADVANCE. Make sure you have all proper, up-to-date travel documents to enter Canada as a visitor. According to the Government of Canada, international visitors…
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The Fall of the Traditional Dining Experience?

Written by: Ricardo Tellez The hospitality and, more specifically, the food and beverage (F&B) industry are two that live by the motto: “if it ain’t broke, don’t fix it.” Unlike almost every other industry, the F&B industry prefers to stick to tradition; despite the incredible leaps in technology made in the past decades, many restaurants have stuck to using pen and paper. However, in recent years there have been glimpses of a shift in this mentality. Instead of uniformity and conformity, people have begun to seek new and unique experiences. Additionally, with the rise of social media platforms, celebrity chefs…
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HFTP Presents: 2022 Year in Review

For HFTP, the year 2022 saw the return of some of its most popular initiatives and the launch of a successful new program. It marked the bittersweet departure of some beloved HFTP leaders, and the arrival of enthusiastic individuals ready to take up their mantles. Ready for a rundown of the most noteworthy highlights of the year? Keep reading. The Return of the Biennial Compensation and Benefits Report: Hospitality professionals regularly reach out to HFTP seeking the latest version of this long-standing research report. Over its 30-year history, this report has helped countless professionals gauge the latest industry trends to…
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What is a Hotel Property Management System (PMS) Software?

January 23, 2023 Blog, Hotel Industry A Hotel Property Management System (PMS) is a software application used by hotels and other types of lodging facilities to manage and automate various aspects of their operations. It typically includes features such as front-desk functions, reservations, room assignments, billing, and reporting. The goal of a PMS is to help hotels streamline their operations, improve guest satisfaction, increase efficiency and maximize revenue. PMS also allows hotels to manage and track their inventory, pricing and rate plans, handle customer data, and generate reports. It can also integrate with other systems such as a Channel Manager,…
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How Rate Gain is Enhancing Visibility for Archipelago

July 4, 2023 Customer Testimonials, Videos I Gusti Putu Stephen, Corporate Assistant Director E-commerce Connectivity at Archipelago International Hotels, Resorts & Residences, discusses how their technology company has greatly benefited from using the RateGain Channel Manager. These tools enable them to efficiently manage multiple distribution channels, connect with OTA systems, and automate rate and affordability management through two-way integration. As a result, their hotel visibility has increased globally. Watch the video here: Read the complete transcript here: As a technology company, uh, it really helped us a lot in terms. I mean, the first one, RezGain, uh, by using a…
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Sustainable Hotels Shaping Responsible Hospitality

Amidst a surge in environmental consciousness and corporate social responsibility, the hotel industry is embarking on a captivating journey toward sustainability. In 2017, the United Nations declared it the International Year of Sustainable Tourism for Development. As a result, hotels around the world are implementing responsible practices that are good for the environment, and also make money. These exceptional, sustainable hotels excel in energy efficiency, waste management, water conservation, and sourcing local materials. They skillfully combine these elements to create an enchanting and environmentally conscious experience for guests. What sets the Green Hotels apart? These hotels don’t just offer a…
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Travel Trends for Indonesia: Insights from Booking.com

Ayuk Yulianingsih, Market Team Manager at Booking.com, shares insights for 2023. Flexible conditions and non-refundable bookings are crucial for hotels to capture all segments and increase bookings. Travelers are price-conscious and value accommodations that bring quality without compromising services. Sustainability is growing, with 92% of Indonesian travelers favoring sustainable travel and 82% preferring properties with sustainability practices. Watch the video here: Read the complete transcript here: Yes, at booking.com in 2023, we actually see the first one is that the majority of the advanced bookings are being made from flexible conditions. So, it is really important for hotels to implement…
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