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Do you see the new vacation rental regulations as a positive or negative impact on destinations moving forward?

Recently several of the major municipalities around the world passed local regulation curtailing the way in which home stay and vacation rental can be offered in these locations. The regulations range between a full ban of the model to limitations on the amount of time allowed to be rented per annum. In some cases only allowed to be offered if it is the owners primary residence. The municipalities in question aim to improve the local housing markets in locations when residents have been forced away from the central business district. New York, Paris, London, Amsterdam, Barcelona, Berlin, Singapore and Las Vegas are a handful of examples where regulation and limitation are in place. ....

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How will AI solutions allow hotels to shift bookings away from the OTAs onto the direct channel?

Year to date, 2023 has seen a gamut of innovative solutions for hotels built upon generative artificial intelligence learning models, foremost among them being ChatGPT. The promise of these technologies is immense, ranging from back-of-house operational efficiencies to heightened service, new experiential offerings and precision guest segmentation. ....

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Do the OTAs generate travel demand in hospitality?

Typically, the demand for tourism to a particular destination is a function of a myriad of factors, including general state of the economy in originating country and destination, levels of income of tourists, the cost of travel and time to travel from the tourists homes to the destination, trends in price levels - increasing or decreasing, competition from other destinations, currency exchange rates, etc. ....

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