menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Telecom News

>

Hospitalit...
source image

Alertify

1M

read

213

img
dot

Image Credit: Alertify

Hospitality in Transition: Marriott’s Q4 Earnings Reveal 7 Trends Redefining Travel

  • Marriott International's Q4 earnings shed light on significant shifts in traveler behavior.
  • Marriott is undergoing a major technology overhaul to enhance guest experience and improve operations.
  • Last-minute bookings are on the rise, driven by factors like remote work flexibility and real-time deals.
  • Midweek business travel remains low due to virtual meetings and remote work adoption.
  • Blended travel (bleisure) combining business and leisure trips is a growing trend post-pandemic.
  • Luxury travel demand is increasing, with Marriott focusing on luxury brands like The Ritz-Carlton.
  • Marriott Bonvoy loyalty program plays a vital role in revenue generation and customer retention.
  • International markets, particularly in Asia and Europe, are seeing a strong recovery in travel demand.
  • Marriott's diverse brand portfolio caters to various traveler segments, ensuring global success.
  • Looking ahead, Marriott is cautiously optimistic for 2024 with a focus on leisure travel and technology enhancements.

Read Full Article

like

12 Likes

For uninterrupted reading, download the app