Thursday, January 24, 2013

Newshound: Trends and Reports - Hotel Online Distribution


Automation is on the up and could hold the key to increasing online sales


In today’s multi-channel environment, hoteliers need to have quick access to hotel-rate data and inventory positions on various sales channels. “Over the last couple of years we have seen an increased focus on integrated applications, allowing hotels to do most of these complex tasks through a single system,” says Michael McCartan, chief executive officer, eRevMax International.

Analyzing the OTAs

Whether you’re in the camp that believes online travel agencies are single-handedly ruining the hotel industry or in the camp that looks to them for a majority of your demand, there’s one thing almost all hoteliers agree on: Third-party room distributors are here to stay. However, while OTAs serve an important role in the industry, it’s no secret their relationship with hoteliers is not perfect, said Brian Mullan, a research analyst with Janney Capital Markets in New York.

The end of the rate-matching machine: ways to count on competitive pricing

Competitive pricing is an element of pricing decisions in any market. How this is done depends on the availability of such data to providers, the visibility and comparability of it to customers and the level of fragmentation in the market. In hospitality and travel, thanks largely to broad Internet distribution, all of these factors make competitive pricing particularly important.

TripAdvisor tests hotel metasearch service – now the fun really begins

User review giant TripAdvisor is finally doing what pretty much everyone involved in the hotel sector expected it to do years ago – consumer metasearch for its vast portfolio of properties.The company confirmed this week that it is currently testing “new search functionality” for hotels, covering both desktop and mobile versions of the service.

The total cost of travel technology [INFOGRAPHIC]


From individuals who have implemented a small system to those coordinating major overhauls of existing platforms in large companies, organising travel technology is not an easy process. It is clearly a combination of establishing the business and technology requirements, alongside budget, expectations, crystal ball-gazing and market analysis.

Report: PwC European Cities Hotel Forecast 2013

Overall, RevPAR growth is expected to slow in 2013, held back by strong economic headwinds across the eurozone. But there will be thrivers; cities expected to show robust RevPAR growth include Paris, St Petersburg and Edinburgh and more modest increases should be seen in Frankfurt, Berlin, Dublin and Moscow.The second edition of PwC's European cities hotel forecast for 2013 features 19 of Europe's most important gateway cities.

Thursday, January 10, 2013

HOSPA Conference, UK


HOSPA (formerly BAHA), the UK's leading organization in financial management, revenue management and IT in the hospitality industry, organized its Annual Conference in November at the Sofitel Hotel - London Heathrow.

The theme for the event was "Taking Investment Forward”, in terms of investing in people and businesses to create more value.  The one-day conference was kept very crisp targeting the major investment issues to help industry professional understand how to face these crucial challenges related to funding. Russell Kett, President, HVS – specialists in hotel valuations, opened the session involving experts and professionals through a debate aimed at finding solutions to the doubts of hoteliers located away from the big cities and beyond. The lack of interest from investors, along with the problems associated with re-financing in 2013, is one of the main reasons that blocks the revival and promotion of tourism in the UK, and especially in outlying areas such as provinces.

“Boosting investment in the world’s hotel sector is the single biggest challenge facing the industry today. Despite strong buyer interest in the global hotel market and plenty of equity available, not least from the Far East and Middle East, there are few hotel transactions taking place outside key locations and gateway cities across Europe. In the UK, there is little investor appetite in the provinces where hotel trading continues to languish in all but the best-run hotels. Obtaining debt finance for hotel acquisitions is tough and a number of re-financings due in the next year will prove challenging to accomplish in the current environment without a significant chunk of fresh equity and an understanding bank,” said Rassel Kett – President, HVS.

Following the topics on finance, there were discussions on the trends and developments in Revenue Management, and how it could affects hotel sales and revenue. Casey Davy, VP - Sales, EMEA & Canada and Cristina Blaj, Sales Manager, UK & Ireland, attended the event as delegates representing eRevMax and shared their inputs on these topics.

To view pictures from the event, please click here.

Domenico Defina
is Sales & Marketing Intern at eRevMax and is based out of London. He can be reached at domenicod@erevmax.com