How Hotels Can Serve New Age Business Travelers Better?

After the pandemic hit, the blow taken by business travel might slowly get back to pre-pandemic levels but it will never look the same. Businesses are re-evaluating their priorities and thinking differently about corporate travels. Statistics show a drop of 61% in Global Business Travel in 2020 due to the impact of coronavirus. Though the eventual scale and shape of corporate life are returning, it is still slow.

Events, conferences and trade shows, which render the most business trips, were happening virtually, but with competition and growth imperatives, business leaders realize the value of face-to-face interaction. This, in turn, is necessitating the resumption of Business Travel.

Below are a few pointers to consider when trying to attract business travelers of the changing era:

1. Communication is a good start

With prevention of Covid, has come along a lot of restrictions which make simple and straightforward journeys, complicated. With the world shifting to normal, business travelers need to communicate to simplify the complexities of the restrictions.

Communicating and understanding the priorities of business travelers can help hotels serve them better. Communication will help rebuild the brand loyalty of hotels for business travelers which might have been affected due to Covid.

2. Touch-less experience is on the rise

During Covid, a lot of hotels have taken help of technology to spread safety precautions and stay well within restriction limits. Some of which includes online check-in/check-out, online payments, mobile solutions for self-service during stay, digital room keys, etc.

Technology has improved safety and simplified customer experience by convenience and faster processes. Business travellers need a simplified booking process that allows them to choose from more property and rate options and provides better availability. The coming years also pose many possibilities for more advanced technologies like artificial intelligence and virtual reality.

3. Hybrid events are the tomorrow of Business Travel

Hybrid events are events that incorporate both virtual as well as in-person elements. Where 71% indicated that hybrid events were not included in their program, 65% have stated that they are interested in having an increased number of hybrid events post pandemic. It is important to understand that virtual and hybrid events still need a venue.

Hotels for business travelers should ensure that they have the proper infrastructure to support advanced amenities for hybrid events. Updating safety highlights, offering onsite technical support, utilizing virtual tours and offering personalized hybrid events can cover most Business Travelers need for hybrid events.

4. Provisions for “Bleisure” Traveler

Bleisure is a mix of the word business with leisure. Many business travelers tend to extend their stay beyond business, especially when it is in a leisure travel destination or big cities. Crafting different packages for “Bleisure” travelers could help drive demands and generate additional revenue.

92% of organizations suspended business travel during the early months of the pandemic (National Geographic, 2020). With restrictions for Covid being removed, this number is slowly changing. Offering packages and discounts at restaurants and Spa could excite and encourage business travelers to extend their stay for leisure time.

5. Alternative accommodations are in:

Alternative accommodation is another business travel trend introduced by the new age corporate travelers. It includes all those types of accommodations which are available outside the formal accommodation sector. Home-like accommodations and smaller boutique hotels has increased popularity among hotels for business travellers in this new age.

Alternative accommodations allow more business travellers to prioritize comfort and relaxation during work. Non – traditional accommodations provide such amenities for business travellers which give them the opportunity to explore the destination in a new way.

Discovering and shaping what tomorrow holds:

Although China dominates the business travel market, United States outpaces everyone in spending on business travel by a wide margin (WTTC, 2021). Another report suggests Asia has become the world’s largest business travel market (Hospitalitynet, 2019). According to another survey, international business travelers consider travel as valuable to both personal as well as professional growth. As we can see, although business travel had taken a hard blow from the pandemic, times are shifting and corporate travel is rising again without any doubt.

Businesses are re-evaluating their benefits from business travel. Customer loyalty and market share will go to those hotels for business travelers who can stay relevant and responsive to the varying business traveler needs. Health and safety still remaining the priority, business travel market is on the rise, post pandemic and the growth will be more than ever before.

 

Latest news from the hospitality industry – W3, February 2022

Great news folks!

Americans are preparing to spend big – again – as omicron cases subside and states across the country loosen covid restrictions. Also London is showing robust signs of recovery, despite the recent blip resulting from the omicron variant, as per news reports below.

Next, we have an interesting blog on Airbnb showing how they are helping their partners to grow more digital revenue in 2022.

We then move to a Digital Marketing piece which shows how SEO and PPC teams can empower each other when they work together. Further down, how hotels can transform customer service and experiential offerings to a proactive revenue driver.

Reach out to us for your hotel channel manager, rate shopper, booking engine, or website development requirements. We are happy to have a discussion to see how we can help you achieve your property’s occupancy and revenue goals – contact us today.

 Enjoy the read.

As omicron wanes, Americans eagerly book vacations

 Travel agents, hotel operators and restaurateurs say they’ve seen dramatic spikes in demand in the past week, following a drop of more than 40 percent in daily U.S. coronavirus cases.’

https://www.yahoo.com/lifestyle/return-revenge-travel-omicron-wanes-112518451.html

London hotels see signs of demand increase

 Of all the major global cities and transportation hubs, London was among the hardest hit by the COVID-19 pandemic.

https://www.costar.com/article/1867821506/london-hoteliers-see-signs-of-demand-increasing-day-by-day

Airbnb: An Attractive Solution for Accommodation Providers in 2022

 Airbnb has never failed to make its associates feel special for being a part of them. Learn how Airbnb has walked that extra mile to help their partners be successful by driving more revenue in 2022
https://lnkd.in/dd-ddgEx

How marketers can create a holistic search strategy

 Holistic search strategies combine the keyword, audience and industry data from organic and paid channels to increase ROI.

https://searchengineland.com/how-marketers-can-create-a-holistic-search-strategy-380124

Hotels’ unexpected revenue driver: Customer service

 With recent advances in technology, hotel CTOs have an opportunity to transform customer service from a reactive cost center to a proactive revenue driver. Set your customer service agents up for success with the technology that makes it simple to deliver personalized, connected experiences for wanderlusting guests.

https://hospitalitytech.com/hotels-unexpected-revenue-driver-customer-service

Hoteliers must reinvest in experiences

 Hotel owners and operators are figuring out how to add experiential, lifestyle offerings; helping activate the hotel by aligning with its surroundings and nearby businesses.

https://www.costar.com/article/1709796085/hoteliers-must-reinvest-in-experiences-to-make-up-for-lost-time-money

 

 

 

 

 

What’s New in Hotel Distribution and Tech Trends? W2, February 2022

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.

Reach out to us for your hotel channel manager, rate shopper, booking engine, or website development requirements. We are happy to have a discussion to see how we can help you achieve your property’s occupancy and revenue goals – contact us today

Enjoy the read!

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.

https://www.geekwire.com/2022/with-tech-overhaul-in-place-expedia-group-sees-solid-return-to-travel-as-profits-top-expectations/

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.

https://www.costar.com/article/988842786/hotel-sales-execs-key-in-to-often-overlooked-customer-bases-patterns

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.

https://www.costar.com/article/1809942119/us-hotel-performance-shows-signs-of-exiting-post-holiday-leisure-travel-lull

The Week, That Was – February 2021 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!!

Webinar Invite – Understanding Traveller Sentiment for Driving Hotel Business

With occupancy restrictions and changing guest expectations, hotels need to be competitive while being profitable. Join us for a webinar on 17th Feb to know how to leverage the right technology for distribution and operational efficiency.

Register today – https://www.erevmax.com/eshots/webinar/erevmax-prologicfirst-register-feb21.html

Where hotels are investing now

Technology is getting a lot of attention among hotel owners. Cloud-based technology, 5G and machine learning are among common tech investments by hotel owners, as the pandemic accelerates the need for leaner hotel operations and enhanced tech features for both staff and guests.

https://www.costar.com/article/1099742678/hotel-owners-the-driving-force-behind-tech-adoption

Capture the fastest-growing segment of bookers with Booking.com’s Mobile Rates

With the growth in domestic tourism, Booking.com is expecting almost 74% of bookings to come from a mobile phone. Adding a mobile rate to your property will increase your visibility with these customers and unlock your market potential with last-minute mobile bookings. You can update Mobile Rates on Booking.com directly from RateTiger.

https://www.erevmax.com/blog/index.php/2021/02/capture-the-fastest-growing-segment-of-bookers-with-booking-coms-mobile-rates/

Expedia expands hotel discount availability

Expedia Partner Solutions extends package rates to all TAAP travel agent members. Previously available only to a select group of partners, Expedia TAAP package rates are now available to all tiers giving them 20% on accommodation when booked alongside a transport component.

https://travolution.com/news/travel-sectors/travel-agents/expedia-travel-agent-affiliate-programme-extends-benefits-to-help-partners-recover

Agoda launches GoLocal Tonight

The new service helps hotels across Asia-Pacific to capitalize on the growing post-pandemic trend towards last-minute domestic bookings.

https://www.webintravel.com/agoda-sees-growing-demand-for-last-minute-deals-launches-new-tool/

Airbnb CEO Brian Chesky: “It’s going to be a year of focus”

Not only has focus helped Airbnb withstand the coronavirus pandemic, it will also be what sets the company up to capitalize on travel’s rebound.

https://www.phocuswire.com/airbnb-ceo-brian-chesky-going-to-be-year-of-focus

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

Thanks and have a good day!

Rebuilding Together – Recovery Toolkit for Hotels by Booking.com

With countries around the world starting to ease the lockdown phase, we are seeing encouraging signs with travel related bookings starting to trickle in. Travel businesses including hotels are in a crucial stage where they need all the support to attract guests to their properties. We as technology providers offer seamless connectivity to multiple channel partners for you to expand your online brand visibility. Booking.com, one of our key connectivity partner, has rolled out a very useful Recovery Toolkit to help you convert demand into tangible bookings. The toolkit covers a whole range of things – from showcasing the latest platform updates and tools, to expanding Solutions content to help hoteliers make the right business decisions.

Here are some highlights of the Booking.com Recovery Toolkit for your reference –

The importance of flexibility – Given the dynamic nature of current times and evolving travel advisories around the globe, it is important that hotels and accommodation providers offer flexible booking and cancellation policies. Travelers want to have the option to adapt travel plans if a change in circumstances affect them. Increasing the flexibility of policies will make the property more attractive to the travelers and will give the property a better chance of being booked. Booking.com has built a new tool to help hotels easily update their rate plan policies and secure more bookings in times of low demand and high uncertainty. In one step, hotels can convert multiple free cancellation policies for their existing rate plans to “Flexible – 1 Day”. This will allow guests to cancel for free up to one day before the arrival date. If they cancel within one day before the arrival date, the guest will be charged the cost of the first night.

Optimize your pricing – Booking.com’s research shows that potential guests currently want flexibility and a great price. Through the Booking.com portal, hotels can see both local and last-minute bookings in countries where recovery is beginning, as well as future travel planning. But travelers want to be confident that their bookings are flexible enough to adapt to changing circumstances. com’s new framework makes it easier for hotels to understand how the pricing solutions can help them respond to travelers’ requirements and drive the occupancy they need.

Showcase your property’s safety measures – It has become super important for hoteliers to show how they are protecting their guests. com’s new Health and Safety Protocol provides guidance to help minimize risk for both hotels and their guests. Before the coronavirus (COVID-19) pandemic, few travelers gave a second thought to sleeping in a bed that hundreds of others had slept in. But now, what travelers touch and who they interact with is at the top of their list of concerns. It’s now critically important for hotels to build confidence and set expectations for guests around health and cleanliness, so you can capture available demand. Your goal is to make guests feel confident that their stay will be as safe, clean, and comfortable as in their own home.

  • Safety features and cleaning – If you offer hand sanitizer, disinfectant wipes, or follow specific local regulations, indicating these will help you inspire guest confidence.
  • Physical distancing – Highlight contactless check-in and check-out, cashless payment, or other ways that you are helping guests maintain social distance.
  • Food safety – Point out changes in your operational practices that are designed to support food safety for in-room and public dining.

Increase your visibility through Genius programAttract travellers to your hotel with the Genius Program. It can help you get more bookings, faster. As a Genius partner, your property will get a special Genius tag, ranking boost and better visibility in search results on Booking.com. On average, hotels who join Genius increase their bookings by 18% and their revenue by 17% (even including the cost of the discount).

There are a host of additional solutions through which your property can benefit and attract more bookings. You can get full details of the Booking.com Recovery Toolkit on their partner page.

In times like these, it’s especially helpful to get support from other partners. Share insights and advice on #Rebuilding with fellow Booking.com partners – https://partner.booking.com/en-gb/community

Is your PMS enough for distribution?

Channel Managers and Hotel Property Management Systems have been around for quite a few years now. Whether you are a real estate agency, a hotel, a B&B manager or the owner of some family properties, there are chances that you are looking for the type of software that can help you out the best. Here are some differences between Channel Management systems and Property Management Systems, which can let you understand such platforms better and take an informed decision.

Is your PMS enough for distribution

Purpose

Property Management Systems are a type of software system that is created to make daily operations management easier for real estate companies, hotels or rental agencies. The aim is to assign, schedule and organize tasks and these are especially helpful for reporting, accounting and staff management. Channel Managers, on the other hand, specialize in distributing short-term rentals to listing websites, whether it comes to wholesalers, GDS, Metasearch, Vacation Rental sites or OTAs.

Capability

PMS systems are created originally in the form of front desk hotel software, and are made to follow trends in the market and can redirect them to vacation rentals or some other expanding sector. With the use of this type of system, you can spend less time in dealing with business and get more time to concentrate on guest experience and guests.

A PMS channel manager can let you deal with time-consuming operations of managing a vacation rental business. A PMS channel manager updates information automatically across every booking channel and can automate payments and online reservations. Dedicated channel managers, however, are online distribution specialists and can frequently offer much more connections across many channels.

Sophistication

When you choose a property management system integrated with a channel manager, it can help you in online property management and can ensure listing distribution for you across many websites. A PMS or company has several advantages. Property management systems offer automated guest communication services, business performance analytics, in-built accounting services and many more.

PMS coming with an in-built channel manager can be very useful for your own business. A dedicated channel manager is useful in all those cases where there is a drop in the functionality of a property management system. There are more sophisticated capabilities of dedicated channel managers, which can let you create a very complex type of pricing model as per your wish. While PMSes and channel managers tend to vary in nature, the former lacks the sophisticated features that are part of dedicated channel managers – such as pushing right property specs and dealing with a complicated pricing model.

Support

A few property management firms have a team comprising of local employees that care for on-site upkeep and maintenance. But you can expect a built-in expert team with dedicated channel managers, which come with the support of a team comprising of expert distribution professionals. The team of experts of the developer company has a direct communication line with booking websites as well as other channels, due to the fact that a high volume of properties is offered by dedicated channel managers to listing websites.

 

5 Questions to Ask About Channel Management for Hotels

A Hotel Channel Management Software can be assistive for you, whether you are in search of revenue management or hotel distribution. The primary functionality of this type of application is to make sure that every hotel sales channel keeps abreast of restrictions, rate modifications and any changes that take effect. These types of systems make sure that OTAs can remain in touch with a hotel. Thus, only actual information about hotels is passed on to possible guests. There are many types of hotel channel managers, and all of them are quite useful to use. Here are 5 questions that you have to ask about channel management software systems for hotels.

5 Questions to Ask About Channel Management for Hotels

What kind of support will it come with?

When there is a breakdown, powerful distribution systems have fast support infrastructure and related troubleshooting protocols. This type of support that is offered tends to differ across systems. Although some of these come with an automated backup that can ensure booting as soon as there is a failure of the main system, others come with customer care centers that operate 24X7.

What are the access rights?

Better access rights for this type of software is the tool for proper marketing of products. At times, sound strategies for revenue management are able to protect as well as get data together. These can pave the way for different access rights across various kinds of user levels. Typically, multi-level access rights are offered through 4 main roles:

  • Front Desk
  • Reservations Manager
  • Property Owner
  • System Admin

Every one of these has rights and limitations of its own.

Is it easy to use?

You have to ensure that the system is easy to use. A few channel management systems are also available with a full user acceptance test, which is followed by strict testing for the team of the hotel. This makes sure that the product can be used smoothly. It is important that you consider that the tool can be implemented and adopted with ease.

Can automatically sync inventories?

You have to check whether your chosen channel management software automatically inform the user and update the availability to all connected channels for any modification or cancellation happened on any channel. Lots of software programs can manage more than one channel, although that does not mean that they can sync inventories based on reservation modification, which is possible only when the channel manager has 2-way XML connectivity with channels for seamless data transfer. Thus, it is important that you check this thing beforehand. It is also essential that you check whether the channel manager is available connectivity with the right PMS and Channels.

Does it ensure data security?

Finally, you should also choose a hotel channel manager that gives you data security. Data security has become the biggest challenge for the hospitality industry. For hotels, protecting guest data like address and credit card details has become crucial in post-GDPR age. While finding out the right vendor for your distribution management, do check whether the provider is PCI and GDPR compliant.

The Week, That Was – October 2019 Week 4

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!!

Argentina based Europlaza Hotel & Suites recommends eRevMax for channel connectivity

Europlaza Hotel & Suites, a midscale hotel in the heart of Buenos Aires has recommended eRevMax solutions for managing online distribution. The property has been using RateTiger Channel Manager since 2014 to maintain real-time rate and availability across multiple online sales channels and receive reservations.

https://bit.ly/2BFN2ki

How to Promote Your Hotel to Business Travelers?

Business travelers form one of the major groups of travelers, and this group is increasing with time. Expenses on global business travel are expected to rise by 7% by the year 2020, which means hoteliers have to go that extra mile to attract business travelers to their properties.

https://www.erevmax.com/blog/index.php/2019/10/how-to-promote-your-hotel-to-business-travelers/

TripAdvisor jumps on the hotel direct booking bandwagon

TripAdvisor is introducing a direct-booking feature to its Sponsored Placements product for accommodation providers designed to help them boost revenue. With the new feature, sponsored listings will now include a prominent link directly to a hotel’s website to facilitate a booking. Previously, listings linked through to an OTA.

https://www.phocuswire.com/tripadvisor-sponsored-placements-direct-bookings

Google vacation rentals: Booking Holdings is gone, Airbnb is in

Airbnb listings have begun appearing for the first time in Google’s vacation rentals feature in several European cities, including Paris, Amsterdam, and Madrid. Airbnb’s appearance in Google vacation rentals could be a cameo — a small test to see if participation is worthwhile.

https://skift.com/2019/10/22/airbnb-makes-debut-in-google-vacation-rentals-for-now/

Independent hotels disappearing as chains grow

More independent hotels are either joining the big chains or shutting their doors. One of the biggest reasons independent hotels are disappearing is that they’re getting acquired by the large hotel companies or joining them as affiliates to tap into their marketing power.

https://www.nytimes.com/2019/10/21/business/independent-hotels-airbnb-boutique-chains.html

Phocuswright: Capturing the Chinese travel consumer

1.4 billion people strong, the Chinese make up a large percentage of APAC travelers. Capturing Chinese travelers is like netting a big fish. They travel in throngs and have money to spend. This is proven by the travel bookings from the region amounting to USD 420 billion in 2018 and is expected to increase to USD 480bn in 2020.

https://www.traveldailymedia.com/capturing-the-chinese-consumer/

Agoda on moving beyond accommodation

In the past, Agoda was all about hotels. That has changed. Today the company sells flights, tours as well as alternative accommodation which has become a strong pillar of the business. Thailand-based travel platform Agoda says it is focusing on finding the “best inventory” for its customers, operating with the “best tech” and fending off the intense competition in Asia armed with the “best weapons.”

https://www.phocuswire.com/Agoda-John-Broughton-Brown-interview

Meet Team eRevMax at WTM London, Stand TT211 from 4 – 6 November 2019 – contact marketing@erevmax.com to set up a meeting.

Thanks and have a good day!

The Week, That Was – October 2019 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!!

HospitalityUnited.Club to host Cocktails & Conversations in Singapore

The consortium of travel technology specialists, HospitalityUnited.Club, is ready to host its exclusive ‘Cocktails & Conversations’ evening in Singapore this month, on 16th October 2019. The Club will be hosting the event in partnership with AgentX101, HotelTonight, Ecommpay, LiveOS, RateTiger and WIHP, to present the latest in travel technology.

Register today – https://www.hospitalityunited.club/events-register/singapore-oct19.html

Booking.com’s top travel trends for 2020

The company predicts 2020 will be a year of travel exploration like never before, fueled by technology as well as a growing sense of responsibility and deeper connection with the people and places we visit.

https://travelpredictions2020.com/#5

If you think email is dead, think again

Adobe’s recently released Email Usage Study for 2019 reveals new insights about consumer habits and preferences around receiving marketing emails. The respondents are spending up to five hours a day checking their emails (both work and personal). In fact, they actually feel that the amount of time they are spending is ‘just right.’

https://www.clickz.com/email-usage-study-adobe-2019/255955/

RoomIt by CWT expands channel manager connectivity

RoomIt by CWT the global hotel distribution division of CWT, announces new strategic partnerships with multiple global hotel guest acquisition platforms. The partnerships provide business travelers with more choice and hotels with greater access to customers.

https://news.carlsonwagonlit.com/pressreleases/roomit-by-cwt-expands-hotel-distribution-with-new-strategic-global-partnerships-2924419

Hotels are start, end points of travel experiences

As affluents become more drawn to experiential travel, the role of the hotel has evolved to become more about the destination than simply about hospitality. During a panel at Condé Nast Traveler’s Points of View Summit, industry experts discussed how high-end and boutique hotels are becoming more reflective of their location. Design, sustainability practices and programming are different ways hotels can incorporate local elements.

https://www.luxurydaily.com/hotels-are-start-end-points-of-travel-experiences/

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

Thanks and have a good day!

The Week, That Was – August 2019 Week 5

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!!

Booking.com and Expedia are growing in very different ways

eRevMax partners Expedia Group and Booking Holdings reported total revenues of $11.2 billion and $14.5 billion in 2018, respectively. Moreover, both the company’s revenues have grown at a similar CAGR of 19% since 2016.

https://www.forbes.com/sites/greatspeculations/2019/08/26/booking-holdings-and-expedia-are-both-growing-steadily-but-in-very-different-ways/#7515a5d21f04

A blockchain to reconcile hotel commissions

Travelport working with IBM, BCD Travel and three hotel chains—has created a minimum viable product solution that uses blockchain to reconcile the commissions hotels pay travel management companies.

https://www.businesstravelnews.com/Distribution/A-Blockchain-Way-to-Reconcile-Hotel-Commissions

Learning from the past: Cutting rates hurts everyone

An analysis of how quickly hoteliers responded to other hotels dropping rates in their competitive sets during the recession shows no one comes out a winner.

To have a better idea of what a potential downturn could mean for the U.S. hotel industry, it’s worth observing how hoteliers behaved during the last one.

http://hotelnewsnow.com/Articles/297755/Learning-from-the-past-Cutting-rates-hurts-everyone

How Google’s machine learning technology can ace up the travel industry

The technology of machine learning is benefiting almost every industry but the most significant modification can be seen in the travel sector. Interestingly, tech-giant Google is making a major shift into the travel industry while enabling customers to book air tickets, hotels, and packages. It is also aiding customers in accessing stuff which they might have never come across on their own.

https://www.analyticsinsight.net/googles-machine-learning-technology-can-ace-travel-industry/

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

Thanks and have a good day!