D-Edge’s hotel distribution report for 2024 shows a significant increase in digital revenue for hotels in Europe and Asia, with average transaction prices and average daily rates on the rise. Direct bookings are also gaining market share, particularly in Asia. However, high cancellation rates remain a concern, posing challenges for revenue management. As the industry evolves post-pandemic, hoteliers must adapt by investing in technology and implementing new strategies. How can hotels effectively navigate the changing digital landscape and increase profitability in the face of economic and geopolitical challenges?
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Hotels’ digital revenue hits record high, report shows
