For the first time in over ten years it is possible to compare the three GDS – Travelport, Sabre and Amadeus – financially and operationally.
Amadeus does appear to have more EBITDA, more pax boarded by Altea, more agency bookings. Sabre is holding its own in distribution and could benefit from the momentum of early adopter status when it comes to hotel IT. Travelport’s distribution business ticks over quite nicely and has eNett waiting in the wings.
Airbnb is having a real financial impact on the hospitality industry, and it’s time for incumbents to acknowledge and meet the challenge. Francesco Canzoniere’s insight: According to a recent report from Boston University, a 10% increase in Airbnb supply results in a 0.35% decrease in hotel room revenue, which translates into a 13% impact on revenue in Austin, Texas, which is home to the highest Airbnb supply. This study also found that lower-priced hotels…
Airbnb is having a real financial impact on the hospitality industry, and it’s time for incumbents to acknowledge and meet the challenge.
According to a recent report from Boston University, a 10% increase in Airbnb supply results in a 0.35% decrease in hotel room revenue, which translates into a 13% impact on revenue in Austin, Texas, which is home to the highest Airbnb supply.
This study also found that lower-priced hotels and hotels that don’t cater to business travel are the most affected by Airbnb. As a result of these impacts, the researchers found, hotels are reducing prices in an effort to stay competitive.
“Our work provides empirical evidence that the sharing economy is making inroads by successfully competing with, and acquiring market share from, incumbent firms,” the report reads.
Airbnb “is going to put out an additional supply of lodging rooms, and anytime you increase supply, holding demand constant, Economics 101 effectively means that prices go down,” Carroll said in a phone interview. “Airbnb is not driving demand, they’re probably shifting demand from some other hotels.”
Available in 10 languages, it promotes top Accor hotels and destinations and allows users to manage current bookings.
Accor will offer guests an Accorhotels iOS app for Apple Watch™, which is to be released soon.
Accorhotels customers will: Receive alerts telling them the online check-in service is open Access information about their bookings: arrival dates, number of nights, number of guests Receive information about the hotel’s services (free WiFi, car park, spa, swimming pool, etc.) Access the interactive map, the itinerary to find the hotel and the local weather forecast Access their Le Club Accorhotels loyalty card details, with their status and loyalty points.
This study explores the effects of competitor pricing levels on relative revenue on a sample of over 4,000 hotels in Europe over a ten-year period (2004–2013). Hotels in this European sample, which included both independent and chain-affiliated properties, achieved higher revenue per available room (RevPAR) than direct competitors when they positioned their hotels with comparatively higher prices. These data revealed that: Regardless of the economic situation of the time period, hotels that positioned with average daily…
More strategic moves by Expedia Inc as it invests $270 million in South American online travel agencies Decolar and Despegar.
The holy grail of smart business decisions is a single view of the customer, from a single source of truth. Learn how to do that with Google Analytics! Francesco Canzoniere’s insight: Here’s a run-down of what this epic article we’ll cover: + Universal Analytics: Why don’t you love it more? + Universal Analytics: Why does your business need it? + Universal Analytics: What the heck is it? + Universal Analytics:…
So there I was – I
Said Huston, “Our employees are workhorses, not show ponies and you have to keep milking the cow. If you stop, they stop giving milk. You have to work the system like a farm,” …” What we want to do is get them out of technology into the hotel business.”
In other words, to use his farming analogy, hoteliers should farm out their technology to people who…
In today’s Whiteboard Friday, Rand explores a future marked by machine learning, where Google’s ranking algorithm updates itself based on potentially countless inputs.
The idea is that in the future even the factors of the search engines’ algorithm aren’t given by human beings. The machine is getting to figure this stuff out itself, deciding which factors to consider for shaping this ever changing algorithm. Weird things that we never thought of…