If you’re a Travel Manager juggling a large number of corporate travelers, chances are that you deal with a fair number of hotel headaches. A good hotel sourcing strategy can alleviate some of those headaches — and, to help you build that strategy, we’re dispelling five hotel sourcing myths. Myth #1: You should rollover yourRead more
The last few years have been turbulent for the travel industry. However, we’re finally starting to get back to normal. If it’s been a while since you last stayed in a business travel hotel, though, you may notice that things look a little differently than they did previously. From those trends that have popped upRead more
Participating in a hotel program gets your hotel or chain in front of more businesses and more potential guests. Hotels in popular business travel destinations are constantly fighting with each other for market share. There are moments when nearly all hotels in a city are full, like during a big conference, but individual properties needRead more
Hotel room rates are not always intuitive. Though demand does affect hotel pricing, don’t expect a dramatic decrease in rates during the coronavirus pandemic. Worldwide, hotels are shifting to what is the “new normal” of living and traveling during a pandemic. Travel Management Companies (like JTB Business Travel) work with Travel Managers to ensure thatRead more
Experts suggest the COVID-19 impact on U.S. hotels could include a 50.6% drop in revenue for 2020 — and property closures across the country. It’s unknown just how long and widespread the effect of the current pandemic will be on the global economy, including the COVID-19 impact on U.S. hotels. In the short-term, large hotelRead more
Nothing’s certain about hotel demand in 2019, but 2018’s Q3 results do offer helpful insights. Supply and hotel demand in 2019 are inextricably linked as your company creates a budget and forecast for its travel spend. While it’s difficult to know how demand will change, we can take a look back at 2018 andRead more
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