demand360
IHG Hotels & Resorts Renews Amadeus’ Business Intelligence Solutions
Amadeus | December 8, 2022
The global hotel chain exclusively recommends the use of Demand360®, Agency360®, and RevenueStrategy360™ across its portfolio to help both corporate colleagues and hoteliers gain market insights to drive demand and revenue As travel continues to recover around the world, hotel operators need to remain agile and capture demand. To effectively prioritize time, resources, and staffing, as well as optimize revenue management, it is vital to have access to comprehensive, timely, and forward-looking business intelligence data. To support strategic decision-making, IHG Hotels & Resorts has renewed its long-standing partnership with A...
Amadeus Data Alert: US Hotel Occupancy for Thanksgiving Mirrors 2019 Volumes
Amadeus | November 16, 2022
The 2022 US holiday season kicks off with travel in high demand to warm climates Amadeus, a global leader in travel technology, with its unique ability to track forward-looking occupancy in major markets around the world, is seeing a positive trend in U.S. hotel bookings for the Thanksgiving holiday. Amadeus’ Demand360® business intelligence data shows that as of November 3, 2022, U.S. occupancy for Thanksgiving week is 29%, pacing 1% higher than 2019 (pre-pandemic) levels. Palm trees will be a common sight at the top destinations, as Hawaii, Florida, and California hold several spots on the top 10 list, with new entrants like Manha...
Global Industry Leaders Express Optimism for the Future of Travel & Events as Group Business Shows Steady Growth
Amadeus | November 8, 2022
Amadeus, along with Meeting Professionals International and Salesforce, unveil the state of meetings & events through perspectives of global industry experts. Group business is set for a strong corporate and conference season in Q4 2022. Group bookings are now starting to extend more confidently into 2023 with 48 million room nights already committed globally for H1 2023, a 16% increase over the same time in 2022, according to Amadeus’ business intelligence data. Forward-looking insights from global industry leaders echo overall optimistic outlook. As hoteliers evaluate their group business opportunities, a new meetings an...
Preferred Hotels and Resorts Extends Technology Partnership With Amadeus to Its Member Properties
Amadeus | October 25, 2022
Preferred Hotels & Resorts will now endorse Amadeus’ Business Intelligence and Sales & Catering solutions to member properties globally, providing access to industry-leading technologies as well as forward-looking data on average daily rate (ADR), bookings, and aggregated competitive insights that inform growth strategy. Expansive and up-to-date data insights are essential to informing strategic decision-making for hoteliers, particularly as customer booking patterns and priorities shifted during the pandemic. Following a long period of uncertainty among travelers, it is more important than ever for hoteliers to meet new demand a...
Global Hotel Occupancy Exceeds Pre-Pandemic Levels in July and August With a Strong Q4 Forecasted Across All Segments
Amadeus | September 28, 2022
For the summer of 2022, global hotel occupancy hit an average of nearly 70%, which is an increase of around 5% over the summer of 2019. Group and business travel segments are showing steady recovery in Q4, with 4.3 million group room nights already booked for H1 2023. After an outstanding summer of travel, Amadeus’ Agency360® and Demand360® data sources are showing strong recovery indicators for the remainder of 2022 and evidence of growing traveler confidence as the sector looks towards 2023. Amadeus’ in-depth Demand360® business intelligence data, which offers both retrospective and forward-looking insights to inform r...
Global Hotel Occupancy Surpasses 2019 Levels for the First Time Since the Pandemic Started
Amadeus’ Demand360 | June 16, 2022
• Global hotel occupancy levels for April and May 2022 have exceeded pre-pandemic levels. Amadeus’ unique forward-looking data shows global hotel bookings in June, July, and August 2022 are on par with 2019 with the potential to grow significantly. • Data reveals transient average daily rate achieved on room bookings globally has increased by 11% over 2019 with the majority of hotel bookings still being made within a week of travel. With two years of summer holidays lost to COVID-19 restrictions and uncertainty, there is huge pent-up demand for travel as we enter the 2022 summer season. It is expected to be the busiest since the p...
Amadeus Data Alert: Memorial Day 2022 On Track to Exceed 2019 Hotel Market Performance
Amadeus | May 23, 2022
As the summer travel season starts in the US, top markets for travel during the Memorial Day holiday weekend reflect a broad range of climates and activities including resort areas in Hawaii and Florida, major city centers, and smaller communities in the northeast and west. According to Amadeus’ Demand360® data as of May 15, 2022, occupancy is currently at 51% for the United States Memorial Day holiday weekend, with guests arriving on Friday, May 27 and departing Monday, May 30. This is matched to hotel occupancy for the same time in 2019 and exceeds occupancy in 2021 (47%) and 2020 (11%). When we consider that booking lead times ar...
Amadeus Unveils Five Defining Trends for the US Group Travel and Events Industry in 2022
Amadeus | April 6, 2022
• Forward-looking on-the-books hotel group occupancy rates for 2022 in the US already match the total made in 2021, and outperform 2020 • Data points to significant uptick, particularly in unique markets, but bookings will be smaller in both size and value with shorter lead times As hoteliers evaluate their group business opportunities for 2022, a new report from Amadeus combines hotelier insights with Amadeus business intelligence data to reveal the key trends that will guide the group travel and events market in the year ahead. According to Amadeus’ Demand360® data, 2022 is showing a significant rise in group travel booking ...
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