Markets & Performance Supplier News - Hospitality Net

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July 31, 2019

Global Travel Pricing Set To Slow Down In 2020; Flights To Rise 1.2%, Hotels 1.3%

After posting sharp rises in 2019, prices in the global travel industry are likely to slow in 2020, with flights rising a modest 1.2%, hotels rising only 1.3%, and rental car rates up 1%, according to the sixth annual Global Travel Forecast, published today by CWT and GBTA. While the global economy is doing well overall - and expected to grow a solid 3.6% in 2020 - a raft of uncertainties are set to put a damper on pricing.

July 30, 2019

Eleven Continues Rapid Growth Reaching Over One Million Rooms Worldwide

Eleven, the pioneer in cloud-based central authentication management systems, undergoes rapid expansion. The ElevenOS platform enables hoteliers and multi-family property managers around the globe to deliver a seamless Wi-Fi experience that guests and residents love. In July, the company celebrated the onboarding of its millionth room on its platform ElevenOS, marking a significant milestone in the company's history.

July 16, 2019

Revinate Releases 2019 Hotel Email Marketing Benchmark Report

Revinate, the software as a service (SaaS) company that helps hoteliers make the most of every guest, today released its 2019 Global Hotel Marketing Benchmark Report. Now in its second year, this industry barometer report analyzes 226 million emails from properties of all sizes and across all regions to help hoteliers understand marketing benchmarks in the industry. For hotels that are investing in CRM and marketing automation, the news is great; Email marketing continues to drive powerful results as customer engagement improves year over year.

July 9, 2019

Independent Hotels Thriving in Secondary Markets, Strong YoY Growth in Demand and ADR

Tourism is a key driver for local economies, bringing in visitor dollars and supporting jobs. For smaller, secondary markets that are traditionally overlooked, recent increases in tourism have helped create healthy opportunities for independent hotels to thrive. With more travelers, especially younger generations, opting for off-the-beaten path destinations (https://info.advertising.expedia.com/travel-and-tourism-trends-for-american-travelers) and unique and memorable experiences, independent hotels have an opportunity to capitalize on the growing interest in these second-tier markets.

Expedia Group, Inc.

June 26, 2019

RoomIt by CWT™ Research Reveals Key Differences in Business Traveler Hotel Preferences by Country

According to research commissioned by RoomIt by CWT™, the hotel distribution division of CWT, the B2B4E travel management platform, business travelers want different hotel experiences based on the country they are from.

June 6, 2019

Hotel Direct Bookings Survey 2019

Avvio recently collaborated with the Independent Hotel Show to carry out research into hoteliers' relationships with online travel agencies (OTAs) and surveyed 150 hospitality professionals across Europe, producing some interesting results.The research shows that the vast majority of respondents accepted online bookings from OTAs, but, most encouragingly, 69 per cent also stated they were committed to growing their strategy to drive direct bookings.The Direct Booking Survey 2019 also highlighted that although nearly all of the hoteliers who responded use OTAs as part of their distribution model, the overarching consensus is that the commission charged has reached unacceptable highs.

May 30, 2019

New OTA Insight Study Sheds Light on Hotels’ Length-of-Stay Strategies

OTA Insight, the cloud-based data intelligence platform for the hospitality industry, today released a new Length-of-Stay (LOS) Strategy Report. Examining the rates of over 50,000 hotels globally, based on data derived from the company's Rate Insight platform, the report provides a comprehensive analysis on the number of hotels that apply a level of discounting in return for a guaranteed number of nights (LOS discount), how often they apply it, the size of discounts, and what key takeaways can be extracted from these different strategies.

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May 14, 2019

Hotel Co-Working Set To BOOM As Almost HALF Of The Nation Prefer To Remote Work From Hotels

Over 55% of workers who also work remotely (either occasionally or full time) struggle to concentrate in the office for at least half an hour each day, according to a new study conducted by Guestline.

April 16, 2019

Rainmaker Enters Q2 with High-Growth Momentum and Exciting New Advances

The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization solutions reports continued growth coming out of Q1, a steady pipeline and new advances to their revenue and profit optimization suite of solutions.

April 11, 2019

Agilysys Reports Findings of The State of Hospitality Technology Annual Research Study

Alpharetta, Ga. — Agilysys, Inc. (Nasdaq: AGYS), a leading global provider of next-generation hospitality software solutions and services, today announced the release of its annual hospitality infrastructure study, Guest Experience Management: How to Deliver What Matters Most to Guests.

April 11, 2019

Guestline Signs A New Client Every 6 Hours And Takes On International Expansion Adding 27,000 Hotel Rooms

New data released by Guestline reports that the company is thriving on an international level, currently growing revenues across 25 countries.

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April 10, 2019

Revinate Releases Fourth Annual Global Hotel Reputation Benchmark Report

SAN FRANCISCO - Revinate, the software as a service (SaaS) company that helps hoteliers make the most of every guest, today announced the findings of its 2019 Global Hotel Reputation Benchmark Report. Now in its fourth year, this industry barometer analyzed 427 million online guest reviews from 140,000 properties across 200 countries over the last two years. For the first time, there are signs that guests' interest in writing online reviews is waning.

April 8, 2019

TeamSupport Reports Strong Performance; Continues Momentum into 2019

TeamSupport, the industry's top business to business (B2B) customer support software solution, today shared information about its 2018 performance and growth initiatives as the company continues building strong momentum into 2019.

TeamSupport, LLC

March 27, 2019

Opportunity for Hotels is Big: SiteMinder Report Finds Travel to Germany is Outpacing EU’s Top Destinations

Hotels in Germany are poised to benefit from tourism numbers that are outpacing the growth of travel within the EU's most visited country destinations, a new report has found today. State of the Nation 2019: How Big is the Opportunity for Hotel Bookings in Germany? by SiteMinder, the global hotel industry's leading guest acquisition platform, reveals that Germany's inbound arrivals have almost doubled (96%) in the last 10 years to surpass the growth rates seen across the EU.

March 21, 2019

ProfitSword Releases Report Analyzing the Latest Trends in Data Forecasting and Budgeting Technology

ProfitSword, hospitality's premier developer of business intelligence and data integration software, announces the release of a comprehensive report detailing the latest advances in data forecasting and budgeting tools and practices for the hospitality industry. Utilizing insight from the industry's leading experts, the report showcases how today's data management environment has evolved to provide the tools needed for hoteliers to instantly implement sound business strategies based on real-time and always accurate information.

March 20, 2019

Hospitality Rate Growth Remains Steady Despite Booking Declines Across North America

TravelClick, an Amadeus company, today released new data from the Company's February 2019 North American Hospitality Review (NAHR). According to this data, average daily rates (ADR) are up 2.7 percent across all travel segments during the first quarter of the year, led by group travel, up 3.8 percent. Similarly, the transient business and transient leisure travel segments are also up 2.1 percent and 2.2 percent, respectively. However, bookings have taken a dip this quarter, down -4.5 percent overall. Revenue per available room (RevPAR) is down, as well, except for group travel, which is slightly up 0.5 percent. Transient reservations are slowing.

TravelClick, Inc.

March 12, 2019

RobertDouglas Advises on the Strategic Merger of the Waterford Hotel Group and Waterton Hospitality Businesses to Create a Powerful Management and Investment Platform

RobertDouglas announced today that it advised both parties in the merger of the Waterford Hotel Group, a leading hospitality management company, and Waterton, a Chicago-based real estate investor and hotel operator, to form a new venture to strengthen and grow their hospitality portfolios. With Waterford Hotel Group ("Waterford") driving operational success for hotel assets, Waterton will concentrate efforts on continued real estate investment strategies including growing the hotel portfolio.

February 14, 2019

ARC and Expedia Group Release 2019 Travel Outlook Study

Airlines Reporting Corporation (ARC), in collaboration with Expedia Group today released its fifth annual comprehensive study of worldwide air travel trends: 2019 Travel Pricing Outlook. Analyzing data from ARC's global database of over 2 billion flight segments, ARC and Expedia Group analyzed air ticket purchase trends for the world's most popular domestic and international routes. This year's report also includes money-saving strategies for booking hotels.

Expedia Group, Inc.

February 12, 2019

Ecolab acquires online training provider Lobster Ink

ST. PAUL, Minn. - Ecolab Inc., the global leader in water, hygiene and energy technologies and services, has acquired Lobster Ink, a leading provider of end-to-end online customer training solutions. Lobster Ink is a privately held company based in Geneva with core competencies in applied learning science, high-quality training content curation and the delivery of learning experiences through their software as a service (SaaS) platform to successfully meet the unique training needs of hospitality and foodservice companies in 130 countries globally. Sales were approximately $24 million in 2018.

Lobster International S.A.

November 28, 2018

Black Friday Wrap-up: Global direct hotel bookings surge by 103% over the weekend

Traditionally associated with US retail sales, the reach and impact of Black Friday is increasingly permeating new industries and territories. But a potentially unexpected winner appears to be hotels outside the United States.