The need for a more holistic approach to revenue management
Revenue management of hotel inventory has long been the practice for hoteliers worldwide, both large and small, chain and independent. However, for the most part, traditional hotel revenue management is focused purely on maximizing sleeping room revenue with no regard for any other revenue associated with the hotel guest.
Carlson Hotels taps HotelsCombined.com
Individuals shopping on HotelsCombined.com and choosing to make their hotel reservation with any Carlson Hotel will now find that the booking will be redirected to the respective brand site to complete their hotel reservation without any additional mark-ups or fees.
Revenue management and the vicious circle of guerrilla pricing
Revenue management professionals have had to combat several critical issues over the last year or so. Be it for customer rate resistance, contract renegotiations, competition or price wars, the going hasn’t been easy.
Marriott plans to double presence in Europe by 2015
Expansion plans for Europe also include two new brands: Edition, a boutique-lifestyle collaboration between Ian Schrager and Marriott; and the Autograph Collection, comprised of independent hotels and resorts from around the world representing upper-upscale and luxury properties with distinctive personalities.
Increase in OTA bookings comes at expense of GDS and voice
In the difficult economic environment, when travel supply outweighed travel demand by far, Internet bookings for the top 30 hotel brands increased by a remarkable 6.6% in 2009 vs. 2008, according to data from eTRAK.
U.S. tourism measure draws mixed industry reviews
The U.S. travel industry is hoping that a new tourism law will reverse a decline in international travelers to the country in recent years and create jobs, but some say the measure could backfire.
Un-stoppable growth in OTA bookings, GDS still lacking behind
Future booking patterns based on Pegasus January 2010 data are confirming what other sources have already said - leisure travelers are gaining confidence. However, the mostly business GDS channel is different, with suppressed future bookings indicating that this market is still cautious.
HomeAway acquires BedandBreakfast.com
With the acquisition, HomeAway strengthens its position as the No. 1 source for unique lodging alternatives to hotels. HomeAway plans to operate BedandBreakfast.com as an independent brand.
The components of the new solution include RezDelivery, RoomRez, and GDSConnect, in addition to EZYield.com’s channel management system.
Travelport brings GDS advertising in-house, says good-bye to TravelClick
Travelport is developing sales and marketing capabilities for its two GDS Galileo and Worldspan which will result in bringing the relevance and clarity of Google-like search advertising to the travel agent’s desktop.