HospitalityUnited.Club highlights OTA duopoly in American Online Hotel Booking Space

HospitalityUnited.Club, a consortium of travel technology companies, has published an e-book titled ‘USA Travel Trends 2018’ highlighting key travel metrics and indicators in the region, in partnership with HRS Group, LiveOS, RateTiger and Sojern.

The e-book highlights the dominance of Expedia and Booking.com group companies in the USA online hotel booking space, controlling almost 95% of the OTA market.

The e-book shows that while traditional channels like voice, call center and tour operators are still preferred means of hotel reservations, growth of online booking is outpacing them by over 300%. Interestingly, unlike Europe, hotels are getting more online bookings through their brand website, indicating robust digital presence.

While metasearch remains strong as ever, Google has emerged as a serious channel, ranking first, when travellers look for pricing information. The search engine is also sending the most qualified leads to the hotel websites, even though, metasearch channels are dominated by OTAs.

The e-book also highlights that inspite of being one of the most matured online markets, one out of three people still feel uncomfortable booking hotels on mobile. This explains why mobile booking growth is lower in USA when compared to APAC.

To get more interesting insights, download the free infographic here.

The Week, That Was – June 2018 Week 2

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!!

Hotel Beacon NYC recommends RateTiger as the most effective Channel Manager
The upscale hotel has been using RTConnect for 2-way XML connectivity between its property management system and online sales channels for the last three years to effectively manage all its demand partners seamlessly.

https://goo.gl/tJt9yX

How TripAdvisor ranks hotels
Online guest reviews have become worth their weight in gold to hotels. Today, a huge 95% of people read a travel review before they book a trip, which means building a strong online reputation plays a fundamental part in attracting guests and driving bookings.

http://www.traveltripper.com/blog/how-does-tripadvisor-rank-hotels/

Securing last-minute bookings during peak season
Peak season in travel presents its own unique challenges. The article explores why deep discounting may not always be the winning recipe to secure late bookings and how thinking outside the box is necessary to maximise revenue. Every hotelier and property has to deal with peaks and troughs in demand, but if rooms need to be filled at the last-minute, being able to think beyond dropping prices and taking a more strategic approach could give you that crucial competitive edge.

https://click.booking.com/features/2018/06/04/securing-last-minute-bookings-peak-season/

Are hoteliers too skeptical of artificial intelligence?
AI disruption has already begun in the business world, and the hospitality industry should pay close attention. Hotel companies must already be strategizing about how they can take advantage of this inevitable new wave of automation and guest-experience evolution.

https://www.phocuswire.com/Hoteliers-skeptical-of-AI

How and why you have to deal with the watershed that is GDPR
The GDPR is a watershed event that will impact every business that collects personal information, wherever located, and no industry will be more impacted that the hospitality industry. Other companies can choose not to do business with EU citizens; some companies have determined that it is impossible to comply and have actually closed. That is not an option for hotels. Hotel companies need to understand the goals and requirements of the GDPR. The nature of hotels and the various data holding sources such as OTA bookings and PMS systems escalate the regulation for travel and hospitality industries.

https://ehotelier.com/global/2018/06/08/deal-watershed-gdpr/

In land of the giants, smaller OTAs find ways to grab customers
According to Phocuswright’s U.S. Online Travel Overview 17th Edition Report published in February, OTAs’ market share rose to 19% in 2017 from 17% in 2015. Booking Holdings brands Priceline and Booking.com accounted for 23% of the U.S. OTA market share last year, while Expedia brands (excluding Egencia and HomeAway) accounted for 69%.

http://www.travelweekly.com/Travel-News/Travel-Technology/Smaller-OTAs-find-ways-to-grab-customers

Connect with us for your connectivity needs to make the most of online revenue.
https://goo.gl/3gKUJZ

Thanks and have a good day!

The Week, That Was – May 2018 Week 1

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!!


5 Signs It’s Time To Change Your Hotel Property Management System
Hotel property management system (PMS) is the beating heart of your hotel – responsible for streamlining operations, optimizing guest service and maximizing revenue. However, like most technology, it has a limited lifespan. As technology evolves, so will your property’s (and guest’s) unique needs and goals; resulting in the inevitable necessity to reevaluate your current PMS.

https://www.hotelnewsresource.com/article99628.html

Hotel OTTO Berlin recommends RateTiger for channel connectivity
Hotel OTTO, an upscale property in Berlin has recommended RateTiger Channel Manager for stable and seamless connectivity with world’s leading OTAs. The hotel, which has been using eRevMax’s award winning distribution solution, has improved its online exposure resulting in positive revenue and occupancy growth.

https://goo.gl/UJ1mm9

How hoteliers can win the upsell gamble with perfect timing
Through 80 DAYS Benchmark we know that the average conversion rate of a 4/5 star hotel website tends to be in the range of 0.4 – 2.0%, dependent on a variety of factors. We also know that a hotel booking engine typically converts at around 4%. Armed with this knowledge, hoteliers should simply upsell during the booking process – while their potential guest is a captive audience?

https://www.eighty-days.com/2018/how-hoteliers-can-win-the-upsell-gamble-with-perfect-timing/

Rimor by Expedia is a Chrome Extension That Will Inspire You to Travel
With the Rimor Chrome Extension, you can turn your blank new browser tabs into astounding images of destinations around the world. You can add favorite destinations, and later look back on them when it comes time to plan a trip.

https://beebom.com/rimor-by-expedia-chrome-travel-extension/

Hotels Have a Growing Guest Loyalty Problem … and They May Not Even Know It
The ability to inspire guest loyalty is, without a doubt, a valuable predictor of long-term success within the hospitality industry. Loyal guests bring recurring revenue, and positive reviews, feedback, and recommendations, inspiring a virtuous circle of reward.

https://www.hospitalitynet.org/opinion/4088226.html

How “Google My Business” can increase your hotel’s bookings
According to Search Engine Land, local Google reviews are on the rise, with an astounding 278% exponential increase in reviews for US local based businesses (from 2015 to 2016). In this context, managing your hotel’s reviews on Google becomes an important part of successfully managing your reputation and making your hotel visible in search.

http://www.trustyou.com/blog/hotel-tips/google-business-can-increase-hotels-bookings

Connect with us for your connectivity needs to make the most of online revenue. https://goo.gl/3gKUJZ

Thanks and have a good day!

The Who’s who of hospitality technology providers and implementers to float & party aboard Sunborn Yacht during WTM


Hotel technology experts HotelsCombined, Sojern, Travelport, RateTiger & LiveOS have teamed up to host an exclusive yacht party for hoteliers on Tuesday, 7 November 2017 in London. The event, to be held at the Sunborn Yacht Hotel, will bring together peers from the hospitality industry to unwind and network over cocktails.

The event is aimed at providing hoteliers and technology companies an interactive platform to exchange ideas and explore collaboration possibilities. The luxurious Sunborn Yacht Hotel is located right outside the ExCel centre, providing a perfect venue for the networking reception after a busy day at the show.
 
“We are excited to be organizing a networking reception with some of our key partners. WTM is an important date in the annual calendar for the travel fraternity and it gives us a perfect opportunity to host our clients, partners and prospects, to talk about new technologies and explore collaboration possibilities, and most importantly, spend a fun evening together,” commented Reuel Ghosh, Chief Executive Officer, eRevMax.

eRevMax has been a regular exhibitor at WTM London and will be present at Stand TT550 from 6 – 8 November 2017. For more details about the event, please contact marketing@erevmax.com.

Trust Customer Conference

Being a Trust Partner, we got invited to the Trust Customer Conference in Amsterdam recently. This year’s event theme was “Blossom your distribution”. It was very well organized and provided a great platform to engage with hoteliers and also showcased the upcoming plans that Trust has for its product range.

The forum was designed mainly to exchange ideas and conduct informative, lively and interactive discussions between the Trust team and its business partners. Speakers were invited from leading companies including Google, TripAdvisor, Kayak, ICEPortal, and Essec Business School and shared key insights on industry issues, business opportunities and market trends.


Our COO Greg Berman was invited to present on the upcoming trends and technologies in Channel Management. It was an interactive session where Greg laid stress on eRevMax’s partnership with Trust Voyager and how it simplifies the distribution process to boost the revenue funnels.

Overall the event was a great chance for me to interact directly with multiple hoteliers, revenue managers as well as sales and marketing heads.
Pilar Sanchez Aita is Director Strategic Account Management at eRevMax. She can be reached at pilars@erevmax.com 

Channel Management & OTAs

Are hoteliers keeping pace with the changing online booking space?

With a handful of powerful OTAs dominating the market, hoteliers are identifying ways to sidestep the high-commission they command. OTAs can be useful to engage a new guest, but many hoteliers are now aiming to drive repeat bookings to their own direct booking engines.

Ryan Haynes discusses Channel Management and OTAs on Hotel-Industry.co.uk
http://www.hotel-industry.co.uk/2012/12/erevmax-ratetiger-on-channel-management-and-otas/

WTM 2012 – Hoteliers really ready for maturing channel management technology


While in parts WTM 2012 seemed quieter than in previous years, attendees were much more ready to develop more sophisticated revenue management strategies as their pricing structures and sales environment becomes more complex. Hoteliers are much more aware of channel management and the functionality required to optimise the performance of their sales channels.

As they look further into how to improve their RevPar through direct selling, better commissions and improved visibility they realise the importance of having the right tools to support them. Channel management is an outgoing, but if used right the cost can be covered in a matter of months, while also helping the revenue manager to yield more.

Our partners Xotels, just prior to WTM, explained the key to deciding on the right channel manager for your hotels .

Channel Management: an ongoing challenge for hotels – part 1


During the Travel Technology Presentation, The Three P’s of Hotel Sales, Best Western Belgium explained the benefits of the right data and direct access to various channels for over 55 properties


LateRooms explained the challenges faced in the new consumer buying pattern and the points of influence in social media.

While eRevMax identified the opportunities ahead for hotels and how technology must be approached to meet these changing demands.



WTM is an opportunity for hotels to benchmark technology providers and learn about the market, even our own junior team came away inspired and enthused – learning much more about the industry than you can simply by reading articles and making phone calls.


However we have much more education to do, as we launch RTSuite 3 to start optimising and automating channel connectivity solutions for hotels to achieve more bookings at better rates! Check out our new RTSuite 3 in the video below to know more.


Ryan C Haynes is VP – Marketing Communications at eRevMax. He presented ‘The Distribution Challenge’ research findings during ‘The 3 Ps of Hotel Sales’ session. Ryan is based out of London and can be reached at ryanh@erevmax.com


Newshound: Trends and Reports – Hotel Online Distribution


Reviews and more reviews: a question of confidence

Efforts are being made to ensure that travellers are getting accurate information that is relevant to them. Even online travel agencies (OTAs) are now diligently integrating reviews on their sites, e-newsletters, promotional campaigns and other outlets. Firstly OTAs are improving descriptions of hotels across the board so that customers can more directly compare rooms and facilities at different hotels. This includes more photos and videos for travellers to browse through. Secondly, the overall contribution from various stakeholders including employees, fellow travellers, hoteliers and so on is on the rise on their sites.
http://www.eyefortravel.com/social-media-and-marketing/reviews-and-more-reviews-question-confidence

How Facebook is Shaping Your 2012 Travel Decisions

Recent studies reveal that what matters most when planning a trip is not where you’re going, but rather who you know that has already traveled to that destination.  Without a doubt, the ubiquitous marketing tool’s unique brand interaction is setting a new beat to the travel pulse. While trusted travel brands unquestionably provide valuable trip advice, word of mouth from a loyal group of friends may be more worthwhile.
http://www.forbes.com/sites/traceygreenstein/2012/07/06/how-facebook-is-shaping-your-2012-travel-decisions/

Hotel Industry Business Outlook: Summer 2012

What does the summer have in store for the hotel industry? The recently published Christie + Co’s Business Outlook Summer 2012 report reveals all. With the banks coming to terms with their positioning and exposure in the hotel sector, the year to date has been typified by some reasonable transactional activity, according to the publication.
http://www.hotel-industry.co.uk/2012/07/hotel-industry-business-outlook-summer-2012/

What online retailers can learn from Orbitz

All stores – both online and physical – should tailor offerings to their purchasing segments. In an online environment, that might mean offering different choices to customers based on their purchase history or the kinds of products they’ve clicked on in the past.
http://hotelmarketing.com/index.php/content/article/what_online_retailers_can_learn_from_orbitz

RateTiger presents at HSMA’s Pricing & Distribution Day


Germany’s Hospitality Sales & Marketing Association (HSMA) hosted its annual “Pricing & Distribution Day” in Frankfurt recently. An audience of around 300, consisting for mostly hotel executives involved in distribution and revenue management, was keen to learn about the latest trends and strategies in their sphere of action.

In the light of rising distribution costs and the increasing feeling amongst hoteliers that they are no longer in control of their own rates, sales channels and products, the guiding theme of the event was how to find and apply the right balance between direct and third party distribution. Clever online marketing, a strengthening of direct distribution channels, Web 2.0 applications and mobile technologies were among the options discussed to lower the costs of distribution. Speakers included top managers from major hotel brands such as Accor and Best Western, HRS CEO Tobias Ragge, consultants and industry experts. Amongst the latter, Ragnar Strerath, Division President RTConnect at RateTiger, was invited to share his expertise.

His presentation titled – “Learning against helplessness – How hoteliers can rid themselves of feeling dependent on their distribution partners” – dealt with options to get back on eyelevel with OTAs and other sales channels. The key message: it needs both distribution management technology and market insight, none of these two will do the job alone. Ragnar explained which competencies are essential, these ranging from insight in the distribution landscape and its options and conditions, product development and placement skills to revenue management, online marketing and competitor analysis. But how can hoteliers obtain this knowledge? While technology can be bought – and Ragnar pointed out relevant features for channel managers and the most important questions to ask possible suppliers – the latter can be acquired in various ways: by training existent staff, by employing specialists, or by working with external experts.


Ragnar listed the pros and cons of each option: while in-house training takes time and hardly ever reaches the level of focused experts, it might also be too expensive for smaller hotels to employ a specialist. For these, consultants who help setting up a strategy and choose suitable technology can be a promising alternative, particularly if these consultants are largely paid per booking and consequently interested in the hotel’s success. Ragnar concluded with some statistics on Ramada’s performance, which has improved significantly since implementing RateTiger, quoting hotel’s Regional Director Markus Barth as testimonial.

The presentation was followed by an intense discussion, which showed that the speaker touched the needs of today’s hoteliers and that his insights were well received.

Jasmin Keller is PR Representative for the German speaking markets and is responsible for driving all PR activities for RateTiger and eRevMax brands in the region. Jasmin is based in Hamburg and can be reached at ratetiger@jasminkeller.com

Le Salon HBS

I was in Avignon on 13th & 14th March 2012 to attend a tradeshow organized by HBS dedicated only to hoteliers. Le Salon HBS is a platform that allows hoteliers to come together and look for commercial solutions to improve sales, occupancy, RevPAR or how to simply manage marketing online and offline. This is a unique opportunity for them to meet other players including online travel agencies, web solution providers, aggregators, channel managers, GDS companies and technology providers among others.

With a good mix of hoteliers, students and suppliers, the discussions revolved around topics like yield management, marketing and social media. With the continuous evolution of online bookings, hoteliers from tier two cities are also starting to acknowledge the need for revenue and channel management solutions. I witnessed this growing awareness as many hoteliers and consultants flocked to the RateTiger stand to know more about our solutions and how it helps.



HBS invited us to deliver a presentation on “How to Maximize Online Revenue?” which I conducted to a receptive audience. Le Salon is the first of its kind event in France and the feedback we received is very encouraging. Moreover, it is a great platform to establish new relations and to track business with existing partners. I look forward to other such interesting events from the HBS stall.

Well done Team HBS!!

Stefan Casimir is Sales Manager – France at eRevMax and is responsible for sale of RateTiger products in the region. He can be reached at stefanc@ratetiger.com