In five minutes or less, keep track of the most important news of the week, curated just for you. We present to you hand – picked news on latest industry perspectives and some general updates. Read on!!
Saudi based SAS Hotel recommends eRevMax for its Mobile Channel Manager
SAS Hotel, an upscale 4-star property in Saudi Arabia, has strongly recommended RateTiger and its Mobile App for hoteliers to effectively manage their online business. The property has been using RateTiger’s web-based channel management solution from eRevMax and has been a prolific user of the RateTiger-LiveOS mobile app.
What blockchain in corporate travel could mean for GDSs, TMCs
Technology companies, from startups with hardly any funding to the likes of IBM, are exploring how blockchain can be used in travel, including in the corporate space. One such company is Blockskye, which is using the technology to solve issues around distribution.
50 years of the hotel PMS (and why it matters)
The hotel PMS has been around for about 50 years. Despite the technological progress made during all of those years, for most of that time hotels have relied on legacy systems with relatively basic functionalities and mainframes that kept everyone glued to a desk. Then in 2010, the cloud-based system came along, which changed so much more about the PMS than most hotels realize. And now, we’ve come even further to the API-first era.
Hotels are gaining brand power
The demise of Thomas Cook is a testament to the profound changes faced by the tourism industry. It also contains clues as to its future direction of travel. However, something fundamental did change: brand power. Before the rise of online booking – let alone when Thomas Cook was born in 1841 – travelers relied on the tour operator brand not just for simplicity and peace of mind, but also to ensure a certain level of quality when staying in unknown countries.
Behind Airbnb’s purchase of HotelTonight and push into hotels
Sam Shank, co-founder of HotelTonight, now heads up Airbnb’s hotel division and spoke about the push last week at the Skift conference in NY. Shank noted that his team is building out the hotel category on Airbnb for the San Francisco-based company, which purchased HotelTonight, an app that popularized the last-minute booking trend, in March.
The cause and effect of slowing business travel
With geopolitical and macroeconomic issues causing some concern for large businesses, hotel executives speaking during second-quarter earnings calls noted a drop-off in business transient. Global geopolitical issues apparently had businesses feeling anxious in the first half of 2019, and that impacted how much they were willing to spend on employee travel.
Managing RevPAR for profits
To assist revenue managers, CBRE Hotels Research analyzed the impact of the components of RevPAR (occupancy and ADR) on changes in profits. Per the name, the historical role of revenue managers has been to maximize revenue – specifically rooms revenue or revenue per available room. RevPAR growth is achieved by increasing occupancy and/or average daily rates.
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