Quicker-than-expected return in demand
Pandemic fears are driving people away from crowded hotels to alternative accommodations, with nearly one-fourth of the listings on Booking.com were for such accommodations at the end of the quarter.
The company may have seized a market opportunity at the right time
Fintech Revolut’s new travel app – Stays – could threaten the future profitability of leading travel brands across Europe and the USA, says data analytics and consulting firm, GlobalData.
The two companies pursue very different strategies to shift purchase behavior towards the highest margin hotel
Both Booking.com and Expedia found a way for hotels to volunteer how much margin they were willing to give away. Booking did it directly; Expedia used advertising to do it indirectly.
U.S. air-travel rebound stalls. The booking curve over the last seven days shows weaker U.S. domestic trends vs. 2019, with revenue from August travel down about 35%.
Airlines prepare for operational challenges as demand rebounds. Due to the spike and increasing amounts of customers and limited staff, many airlines find themselves overwhelmed with demand.
IATA confirms 2020 was worst year for aviation industry. 1.8 billion passengers flew in 2020, a decrease of 60.2% compared to the 4.5 billion who flew in 2019.
European hotels refusing UK bookings. Threat of last-minute changes to the UK’s travel rules making European operators wary of British holidaymakers.
Paris hotels struggle as tourists opt for mountain and seaside breaks. Numbers of international travelers from the US and Asia also remain low leading many city hotels to close in August.
Booking.com launches Flash Deals for hotels. The promotions will take place every two weeks and on fixed days, lasting for just 36 hours, providing customers with up to 30% discounts.
Sabre bets on post-pandemic surge in software demand from hotels. Operational software offering could become lucrative for Sabre once the crisis recedes and hotels resume spending on technology.
Shiji Group: Hospitality Technology Distribution Chart 2021. Now is a great time to ensure your entire distribution stack is solid and ready to go.
SiteMinder: Google Hotel Ads 101. Did you know around 75% of travelers use metasearch engines to find hotels and book online? Here's how can you get a slice of the pie?