Announced in 2016, IDeaS and TravelClick partnered together to enhance revenue management strategy by combining the future-looking competitive market intelligence of TravelClick’s Demand360 with the powerful best-in-class analytics of IDeaS’ revenue solutions.
Kristin Hiller, REBusiness Online
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NEW YORK CITY — Committed occupancy and average daily rates (ADR) for the first quarter of 2017 are showing major signs of growth in the hotel sector. Group travel is leading the way despite the continuing lag in transient booking pace in the fourth quarter of 2016, according to new data from TravelClick’s November 2016 North American Hospitality Review (NAHR).
Vicky Karantzavelou, Travel Daily News
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NEW YORK – TravelClick, a global provider of innovative, cloud-based and data-driven solutions for hotels to maximize revenue, announced the launch of its new, interactive Booking Engine 4.0, designed to increase conversion and reduce guest abandonment with a transformative new reservation experience.
Ben Ireland, Travolution
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Hotel revenue management firm TravelClick has announced its new Booking Engine 4.0, which is designed to increase conversion rates and reduce guest abandonment.
Julie Sickel, Business Travel News
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"Inconsistent" is how TravelClick sums up the reservation pace at North American hotels in its October review. New bookings for the month overall are down 2.2 percent, and new group bookings are down 8.5 percent from the same time last year. Conversely, average daily rate is growing in 20 of the 25 major North American markets and overall ADR up 0.6 percent for the fourth quarter. "October is now the fifth consecutive month with a weakening new-reservation pace," said TravelClick senior industry analyst John Hach. "There are indications that this emerging trend will continue well into the upcoming year."
Lisa Terry, Hospitality Technology
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The concepts at the core of peer-to-peer networks — more efficient use of resources, a strong sense of community, great user interfaces, access to new markets — all offer game-changing opportunities for hospitality organizations to improve the customer experience.
Editorial Staff, Lodging Magazine
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NEW YORK—Hoteliers in major North American markets can look forward to an improved group booking pace beginning at the end of 2016 and continuing into 2017, demonstrating its value in capturing incremental business as hoteliers prepare for the New Year. At the same time, hoteliers are experiencing healthy increases in both transient leisure (individual reservations that are made by leisure travelers) and group bookings in the third and fourth quarters of 2016, according to new data from TravelClick’s September 2016 North American Hospitality Review (NAHR).
“The current hotel environment is requiring a renewed need to focus on competing for new business as early as possible,” said John Hach, TravelClick’s senior industry analyst. “The group segment is showing signs of longer-term incremental opportunity, especially as we look out into the second quarter of 2017.”
For the next 12 months (September 2016—August 2017), transient bookings are up 2.1 percent year-over-year, and ADR for this segment is up 1.8 percent. When broken down further, the transient leisure (discount, qualified, and wholesale) segment is showing occupancy gains of 3.7 percent, with ADR gains of 2.3 percent. The transient business (negotiated and retail) segment is down -1.5 percent, but ADR is up 2.0 percent. Lastly, group bookings are up 4.4 percent in committed room nights over the same time last year, and ADR is up 3.0 percent.
“There is increasing need for hoteliers to engage with the group channel as an opportunistic resource for attaining upcoming revenue per available room (RevPAR) growth,” added Hach. “Doing so reduces hoteliers’ dependency on shorter-term reservations that are becoming more and more competitive to covert, especially given loyalty program membership discounts.”
Nicole Carlino, Hotel Business
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One major way the hospitality industry has tried to entice guests is through offering member-exclusive rates to those who book direct. Companies like Choice Hotels International, Marriott International, Hilton Worldwide, InterContinental Hotels Group and Hyatt Hotels Corporation have implemented measures with a strategy of reducing the cost of customer acquisition and increasing brand exposure. (At press time, Red Lion Hotels Corporation was the only hotel company to offer loyalty rates on an OTA website via a partnership with Expedia Inc., in which guests are also provided a direct sign-up to Hello Rewards.) But what effect will these measures have?
Corris Little, Hotel Business
Read the story at: Hotel Business