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Global eNewsletter of August 12, 2022 4Hoteliers.com ~ Click title to read the article Friday, 12th August 2022
Rising fuel prices, labor shortages, and inflationary pressures in raw material costs are the primary drivers of the expected price growth.
This is on top of a predicted full year 2022 increase in air fares of 48.5%, hotel rates of 18.5%, and car rental charges of 7.3%.
Global travel prices are predicted to continue to increase in the remaining months of 2022 and throughout 2023, according to the 2023 Global Business Travel Forecast >> Travel & Tourism jobs in France, Portugal and Italy could remain unfilled 12 Aug 2022 : More than 70,000 vacancies in Travel & Tourism threaten France’s economic recovery >> Rosewood announces its second property in Austria 12 Aug 2022 : The legendary Hotel Schloss Fuschl will mark our second property in Austria when it reopens as Rosewood Schloss Fuschl in late 2023 >> São Paulo leads profitability recovery in Latin America 12 Aug 2022 : Among key hotel markets in Latin America, São Paulo led in recovery of gross operating profit per available room (GOPPAR), according to STR’s June 2022 P&L data release >> HIGHLIGHT ARTICLE
Metasearch Costs are Rising - Here’s How Hoteliers Can Prepare Friday, 12th August 2022
Metasearch is fast becoming more crowded and expensive to participate in as travel demand rises and OTAs continue to capitalize on the opportunities.
How exactly should hoteliers prepare?
The average number of participants in Google meta auctions has risen 5x in the US market and 3x in the European market over the last two years.
The cost per click (CPC) has increased 150% compared to pre-covid levels in the NORAM and EMEA regions and 61% of all direct prices that appear in metasearch are undercut by at least one OTA >> Press One to Do This, Two to Do That: Phone Tree Abuse! We’ve all experienced it: we’ve called the customer support line and a pre-recorded message answers stating, 'Press one for this, two for that, etc, etc >> In case you've missed it: Global eNewsletter of August 11, 2022 Ennismore expands in New Zealand with four new hotel signings, the LGBTQ+ community is ready to travel and more >>
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