San Diego, Feb. 26, 2024 – Cloudbeds, the hospitality administration platform powering extra reservations and happier company for unbiased lodging companies across the globe, at the moment launched its 2024 State of Impartial Lodging Report.

The second annual version of the report provides a singular and data-rich perspective on the worldwide unbiased lodging section, shedding mild on insights and tendencies from property varieties and segments typically neglected in {industry} reporting.

Adam Harris, Co-Founder and CEO of Cloudbeds, mentioned: “The outlook for the journey {industry} in 2024 seems quite encouraging, with financial forecasts shifting from fears of a worldwide recession to expectations of a delicate touchdown and reasonable development.

“Superior applied sciences are prone to usher in a shift in how homeowners, operators, and hoteliers do enterprise as they chase demand. Unplanned overbookings, entrance desks staffed 24/7, and advertising or finance levels to optimize income will quickly be a factor of the previous. So are siloed and disparate legacy methods.

“As we speak, we’re happy to unveil our findings from hundreds of unbiased properties worldwide, empowering lodging companies to benchmark their efficiency towards {industry} friends.”

Key findings from the report embody:

• Occupancy patterns are projected to stay constant in 2024. With demand comparatively flat, accommodations might want to focus efforts on rising market share and RevPAR.
• With vacationers anticipated to be extra price-sensitive this yr, hoteliers could wrestle to boost their common day by day charges (ADR) and may discover new methods to hedge inflation.
• On-line journey companies (OTAs) have returned stronger than ever. In 2023, OTAs generated 60.5% of worldwide bookings, a better proportion than in any of the earlier three years and far greater than the 39.5% of bookings generated on direct channels.

By leveraging a wealth of aggregated and anonymized knowledge from throughout the globe, Cloudbeds has additionally recognized six new tendencies poised to reshape the journey panorama in 2024. These embody a resurgence in lagging market segments, an uptick in inflation-busting journey hacks, and new spins on experiential journey. As well as, Cloudbeds anticipates continued development within the short-term rental sector (regardless of rumors on the contrary), new efficiencies pushed by generative AI, and rising demand for brand new expertise amongst next-generation hoteliers.

The brand new tendencies complement final yr’s 5 key developments, that are set to proceed this yr: value-driven decision-making, the shift to digital entrance desks, blended journey assembly hybrid hospitality, new applied sciences to disrupt journey search and inspiration, and a shift from specializing in facilities to visitor experiences. 

Cloudbeds’ findings are grounded in knowledge from 10,000+ unbiased properties, encompassing boutique accommodations and visitor homes, B&Bs, and resort teams in over 100 international locations. The outcomes are divided into 4 areas: North America, Latin America (together with Mexico), Europe, and Asia Pacific (together with Australia and New Zealand).

To obtain a free copy of Cloudbeds’ 2024 State of Impartial Lodging Report, go to https://www.cloudbeds.com/hospitality-industry-report.

About Cloudbeds

Cloudbeds is the platform that powers hospitality, enabling tens of hundreds of lodging companies in additional than 150 international locations worldwide to develop and thrive. The award-winning Cloudbeds Platform brings collectively know-how options to extend income, delight company, and streamline operations right into a single unified system, enhanced by a curated market of third-party integrations.

Based in 2012, Cloudbeds was named No. 1 PMS, No. 1 Lodge Administration System, and No. 1 Visitor Messaging Software program by Lodge Tech Report in 2023 and was acknowledged as a serious participant within the 2022 IDC Marketscape Report. For extra data, go to www.cloudbeds.com.