Owning a Tourism Business is awesome

31 Oct 2018

Measuring the Sustainability of Tourism (MST)

With the support of the United Nations Statistics Division (UNSD), UNWTO has launched the Towards a Statistical Framework for Measuring the Sustainability of Tourism (MST). 
The aim is to develop an international statistical framework for measuring tourism’s role in sustainable development, including economic, environmental and dimensions
By integrating tourism within economic, social and environmental measurement standards, the framework aims to provide a common language and organizing structure for exploiting the richness of data already available and for more effective data production, management and integration.
Such a standards-based framework can further support the credibility, comparability and outreach of various measurement and monitoring programmes pertaining to sustainable tourism, including the derivation of Sustainable Development Goals (SDG) indicators and those of UNWTO’s International Network of Sustainable Tourism Observatories (INSTO).
Overall, the statistical framework from the MST will provide an integrated information base to better inform on sustainable tourism, to facilitate dialogue between different sectors and to encourage integrated, locally relevant decision making.

 Measuring the Sustainability of Tourism (MST) 

The World Tourism Organization’s (UNWTO) initiative Measuring the Sustainability of Tourism (MST) received a boost last week when its working group met in Madrid (24-25 October). After successful pilot studies to produce credible and comparable data, the initiative is on track with its aim of getting the MST framework adopted as the third international standard on tourism statistics.

The group of experts creating a statistical framework for Measuring the Sustainability of Tourism met to establish the MST initiative’s major goals for 2019. The initiative is creating a draft framework for a data standard for tourism’s impact on sustainability and plans to have it adopted as the third international standard on tourism statistics by the UN Statistics Commission (UNSC).

Among the areas of discussion during the group’s meeting on 24-25 October were summarizing the pilot studies done in Germany, Philippines and Saudi Arabia to test MST’s relevance, and which have shown feasibility of the proposed framework in three different national contexts. This means the MST framework is on track to be prepared for submission as an international standard.

For 2019 the MST working group has tasked itself with refining and documenting three statistically-based tourism indicators to monitor the Sustainable Development Goals (SDGs) and their targets. UNWTO is the custodian agency of these three indicators, and coordinates the development of tourism-related indicators with countries and UN agencies. The next step will then be to present this draft framework in UNWTO’s 2019 meetings of its governing bodies.

Background to the MST framework


Statistical frameworks enable countries to produce data that is credible and comparable across countries, time periods and other standards. MST is a UNWTO-led initiative for a statistical framework for tourism, supported by UNSC since March 2017. Its roadmap was set in the 6th International Conference on Tourism Statistics, held in June 2017 in Manila, Philippines.

In order to develop tourism potential, better manage the sector, and support effective evidence-based policy decisions, there is a need to better measure tourism using high-quality official statistics covering economic, social, and environmental sustainability. MST aims to expand existing tourism measurement beyond its primarily economic dimension to also measure social and environmental dimensions.

It aims to link UNSC’s System of Environmental-Economic Accounting with the Tourism Satellite Account framework, which is one of the two existing official frameworks for measuring tourism. The other is the International Recommendations for Tourism Statistics. Both were developed and proposed to UNSC by UNWTO. A similar process is planned for MST.

19 Oct 2018

Best Practices for Improving Hotel Income even in Peak Season

Each hotel has a peak part of the season they look forward to. During this time, the bigger part of their yearly revenue is made. Most hotels these days strive to increase the number of direct bookings during the peak period. This is their most direct approach to increasing their overall revenue.

We are here to talk about a few practical things hoteliers can do to maximize their booking and raise occupancy to previously unseen levels. The global hotel industry was estimated to have made around 550 billion US dollars in 2016.

Still, these numbers are growing as global spending power increases and lifestyle priorities for people change.

Keeping up with industry growth isn’t easy but it can be done if hotels manage to keep up with their season peak.

1. Online Reviews


These days, there is less and less work for travel agencies as the modern, tech-savvy traveler takes care of most things him/herself. Modern tourists want to create their own experience and are not afraid to do hard research to make it happen.

When it comes to hotels they tend to rely more on the personal experience of people who already visited the hotel than advertisement, brand story and so on. Because of this, they will usually check various review sites, any existing testimonials, blogs or even personal videos and photos of other people who stayed at a particular hotel.

The only way to ensure great online reviews is to be active in the online environment. Keeping online reviews positive and ratings close to five stars (nobody gets a perfect score in the long term) requires a lot of work and genuine care for the experience your visitors have.

2. IT Improvement


IT has become a big factor in hospitality industry but most hotels are stills struggling to implement all the technology needed to manage multiple online channels they aim to cover. Their work can be manual and repetitive without necessary automation and, therefore, prone to mistakes, issues with systems that don’t integrate well with each other.

Pinpointing the right software solutions and making a timely investment before the peak season starts can help identify and convert more leads, raising revenue.

A cloud based hotel management software might be a perfect solution to help hotel staff keep up with booking coming in from different channels (OTAs, Brand Website, Google Hotel Ads). The goal is to unify all data and communication so as to avoid booking overlaps, vacancy issues and so on.

Picking the right online hotel software is by no means an easy feat but once you find something that fits things get a lot easier.

3. Pricing


While peak seasons don’t fit within the same time span for all hotels, each hotel is facing fierce competition regardless of this.

Most customer choices are oriented around the price they need to pay to get a certain level of accommodation quality. They will usually compare price of more than a few hotels that provide a similar quality of service and go for the most affordable one.

Hotel revenue management is a big factor here. This part of management predicts consumer behavior, optimizes availability and prices to attract as many customers as possible. Their goal is to reduce the amount of time rooms remain vacant but also to keep prices competitive.

4. Direct Booking Incentivization


We’ve already mentioned that direct booking is the most desirable booking outcome. The most direct way to improve the number of direct bookings is to offer customer benefits for doing this.

This can be achieved through discounts on various things (food, beverages, discounts on future reservations, etc), complimentary things (dinners, spa treatments, experiences, etc.) or some other benefit that suits your business model.

Through these incentives you are not only reaching your goal of raising the number of direct bookings, you are also improving customer loyalty.

Summary


These are by no means all the strategies you can use to optimize peak season revenue. Still, these four things will help you both reach new potential leads, manage them properly, optimize your vacancy/occupancy ratio and improve your brands image.

I hope you have a lucrative season!

11 Oct 2018

UNWTO World Tourism Barometer October 2018 - International Tourism Maintains Strong Momentum

Madrid, Spain, 10 October 2018 – According to the World Tourism Organization (UNWTO)’s latest barometer, international tourist arrivals grew 6% in the first six months of 2018 after a record year of growth in 2017.

All world regions enjoyed robust growth in tourist arrivals in January-June 2018. The increase was fuelled by strong demand from major source markets, supported by an upswing in the global economy. It comes after record year-round growth of 7% in 2017.
“Today’s release of international tourism data for the first half of 2018 serves as further proof of the sector’s resilience and relentless growth trajectory. We continue to work with our many partners to translate this growth into better jobs, more benefits to societies, and more opportunities for sustainable livelihoods and destinations”, said UNWTO Secretary-General Zurab Pololikashvili.

By region, Europe and Asia and the Pacific led growth with a 7% increase in arrivals each. Southern Mediterranean Europe and South-East Asia had the strongest results in these regions, both welcoming 9% more international tourists.

The Middle East and Africa also recorded sound results with arrivals growing at 5% and 4%, respectively, according to still-limited information available for destinations in these regions. The Americas saw 3% growth in arrivals over the six-month period, driven by South America (+7%) and North America (+5%). The United States continued to fuel much growth in the region and beyond.

On the demand side, France, the United Kingdom and the Russian Federation all reported double-digit increases in outbound spending in Europe. India and the Republic of Korea drove growth in Asia and the Pacific, while the world’s top source market China reported similar spending as in the same period last year.

Looking ahead

The first half of the year accounts for about 45% of annual international tourist arrivals. The second half represents 55% as it is three days longer and includes the Northern Hemisphere high-season months of July and August.

Against a strong first semester, growth prospects for the remainder of 2018 remain positive overall, though at a slower pace, according to the latest UNWTO Confidence Index survey. The Index value for May-August and expectations for September-December are somewhat lower than the Index value for January-April.

International Tourism 2017 - Market share by region of tourist arrivals and tourism receipts


International Tourism Arrivals


News release - International Tourism Maintains Strong Momentum




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