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Hotels under pressure to respond as OTA competition for guests lead gen explodes

The battle for direct bookings has entered a new phase as online travel agents (OTAs) ramp up efforts to establish ownership of hotel guests and their booking journeys, a new report from hospitality technology specialist SHR Group reveals1. While OTAs and hotels have a mutually beneficial relationship, the Hotel Industry Trends Report 2024 exposes for the first time the way a recent influx of marketing spend from OTAs is fast reducing hotels’ share of direct bookings. The share of reservations represented by direct bookings fell from 39% to 38%1 in 2023, having been stable for two years following a post-pandemic return to normal. This is the equivalent of approximately 7.8million global reservations in 2023 when applied to the worldwide hotel market2. ....

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ArhamSoft Shines Bright: Securing Payoneer Tech Award 2023 for Top Development Agency

ArhamSoft Shines Bright: Securing Payoneer Tech Award 2023 for Top Development Agency
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10 Best Digital Marketing Agencies in Bangalore 2024

10 Best Digital Marketing Agencies in Bangalore 2024
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Top 10 Digital Marketing Agencies in India for 2023: How to Find the Best Digital Marketing Company for Your Brand?

Top 10 Digital Marketing Agencies in India for 2023: How to Find the Best Digital Marketing Company for Your Brand?
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