As we wrap up the second quarter of 2024, it's crucial to understand the trends shaping hotel loyalty programs. Our latest blog delves into the current landscape, highlighting a resilient global economy that is shifting travel demand from leisure to business. Key insights include: - Leisure Demand Normalizing: The post-pandemic "revenge travel" surge is stabilizing. - Business Travel Resurgent: Domestic business trips are up by 7%, boosting hotel revenues. - Expanding Rewards: Hotels are increasing earning and redemption opportunities, especially in dining and wellness. Explore how these trends will shape the rest of the year and why a flexible, agile loyalty technology platform is essential. Dive into our blog for an in-depth analysis: https://lnkd.in/g2nGWTnR #TravelTrends #HotelLoyalty #BusinessTravel #TravelTech #HospitalityIndustry
iSeatz’s Post
More Relevant Posts
-
According to the 2023 TravelBoom Leisure Travel Trends Study, 7 in 10 travelers have enrolled in at least one hotel rewards program. The most important benefits for respondents are free on-property perks, instant discounts, dedicated staff, and future stay discounts. However, as technology evolves, loyalty programs transcend beyond traditional rewards, offering new incentives for members that are highly customizable and tailored to individual preferences. Diversification and strategic partnerships are also beneficial for companies whose portfolios extend beyond hotels. With a broad array of brands, such businesses can sweeten the pot and offer a comprehensive loyalty program to their consumers. #Hospitality #LoyaltyProgram #BrandPartnerships
-
Want a hotel sourcing strategy that works for both you and your travelers? BCD Travel's latest how-to guide reveals four key tactics to enhance traveler experience: · Look beyond room nights and spend · Implement a reduce and diversify strategy · Monitor rates and ensure traveler engagement · Leverage data Want to learn more? Read the full guide here: https://ow.ly/x00k50StttF #TravelStrategy #HotelSourcing #TMC #Simplicity #HowTo
-
Want a hotel sourcing strategy that works for both you and your travelers? BCD Travel's latest how-to guide reveals four key tactics to enhance traveler experience: · Look beyond room nights and spend · Implement a reduce and diversify strategy · Monitor rates and ensure traveler engagement · Leverage data Want to learn more? Read the full guide here: https://ow.ly/x00k50StttF #TravelStrategy #HotelSourcing #TMC #Simplicity #HowTo
-
The travel industry has shown remarkable resilience in the face of economic uncertainty, tightened disposable incomes and the shadow of the pandemic hanging overhead - with consumers prioritizing vacations and putting more savings aside to fund substantial trips. As we move into 2024, the demand for major events and festivals is driving peak pricing for hotel rooms in various locations. But that's not all - the travel & hospitality industry is on the cusp of a technological revolution, with AI and automation set to transform everyday life for both hospitality professionals and travelers. Explore the latest trends and innovations shaping the travel & hospitality industry in 2024 and beyond. Link to article by Lighthouse: https://lnkd.in/eWVR5NyW. #visioning2024 #hospitalitytrends #hospitality #hospitalityindustry
-
-
Want a hotel sourcing strategy that works for both you and your travelers? BCD Travel's latest how-to guide reveals four key tactics to enhance traveler experience: · Look beyond room nights and spend · Implement a reduce and diversify strategy · Monitor rates and ensure traveler engagement · Leverage data Want to learn more? Read the full guide here: https://ow.ly/x00k50StttF #TravelStrategy #HotelSourcing #TMC #Simplicity #HowTo
-
Want a hotel sourcing strategy that works for both you and your travelers? BCD Travel's latest how-to guide reveals four key tactics to enhance traveler experience: · Look beyond room nights and spend · Implement a reduce and diversify strategy · Monitor rates and ensure traveler engagement · Leverage data Want to learn more? Read the full guide here: https://ow.ly/x00k50StttF #TravelStrategy #HotelSourcing #TMC #Simplicity #HowTo
-
Want a hotel sourcing strategy that works for both you and your travelers? BCD Travel's latest how-to guide reveals four key tactics to enhance traveler experience: · Look beyond room nights and spend · Implement a reduce and diversify strategy · Monitor rates and ensure traveler engagement · Leverage data Want to learn more? Read the full guide here: https://ow.ly/x00k50StttF #TravelStrategy #HotelSourcing #TMC #Simplicity #HowTo
-
Forward U.S. bookings data from STR bodes well for #businesstravel, as well as groups and #meetings. According to STR, industry-wide YoY weekday occupancy is up 3 percentage points in the top 25 markets. With continued demand for travel, travelers should book business trips early in order to secure a room! Read more about STR’s fall U.S. hotel booking trends here: http://ms.spr.ly/60459igsU #Travel #MeetingProfs
