In the news round-up today, Expedia the online travel giant posted fourth-quarter profits that exceeded Wall Street’s expectations. It’s looking like “a solid return to travel,” observing that bookings have rebounded anywhere Omicron has started to decline.
Hotel Beacon, a landmark property in New York has increased Occupancy & Sales with RateTiger channel management and distribution. They find RateTiger as their preferred connectivity partner for managing online distribution in the extremely competitive New York hotel market.
CWT announced the $100 million investment in product development. They will invest in content to “expand the breadth of travel choice and trip options.”
Hotel company chief commercial officers across Europe have used the past two years to analyze their brands, focusing on how to attract locals and put in place strategies for welcoming back events and corporate business.
Trivago talked about gaining market share through its city break product which could provide it with a “tailwind.”
Lastly an articleon US Hotel Performance which Shows Signs of Exiting Post-Holiday Leisure Travel Lull.
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Expedia sees ‘solid return to travel’ as profits top expectations
Consumer travel in the age of COVID-19 is moving into a new phase of manageable risk and minor inconvenience as the Omicron variant starts to decline.
Hotel Beacon NYC relies on RateTiger for growing online bookings
Hotel Beacon, a landmark property in New York, has recommended RateTiger for managing online channels and distribution connectivity. The upscale property has been using RateTiger Channel Manager for the last 6 years to update rates and inventory across online sales channels and receive reservations into their Infor HMS property management system (PMS).
https://ratetiger.com/hotel-beacon-nyc-relies-on-ratetiger-for-growing-online-bookings/
CWT sets priorities for $100M platform investment
Sustainable travel initiatives, improving connectivity and increasing content are top list of goals.
https://www.businesstravelnews.com/Management/CWT-Sets-Priorities-for-100M-Platform-Investment
Flexibility is the new black in hotel revenue management
As consumers have been educated now around flexibility, getting the right guests at the right price with the right experience will require flexibility from hoteliers.
Trivago eyes growth through tech
The company says innovation, marketing to raise brand awareness and broadening products and services are key levers for its future growth.
https://www.phocuswire.com/Trivago-Q4-2021-earnings
US hotel occupancy begins to trend upward
The U.S. hotel industry neared 50% occupancy in the latest weekly results as leisure travel began to reemerge from a post-holiday hibernation.