Distribution

UK: Travel businesses have plenty of room to grow

Apr 16, 2019 / OTAs
Loveholidays
Loveholidays

OTAs are growing and clearly those owned by private equity houses have ambitious growth plans. But it could be traditional operators are following a strategy of going after profit rather than volume.

The rise of online travel agencies was one of the major trends seen in the latest round of Atol renewals. This was headlined by the growth of Loveholidays, which has increased the size of its Atol by 53% for the next 12 months – taking it above the one million passenger mark for the first time.

The private equity-owned company has boosted its licence from 804,600 passengers for 2018/19 to 1.23 million passengers from April 1, 2019, to March 31, 2020.

The expansion takes the OTA up to fifth place in the list of the top Atol holders – behind Tui UK, Jet2holidays, Thomas Cook and On the Beach.

Distribution

Supply outranks Airbnb on list of hotel asset manager's concerns

Apr 16, 2019 / Airbnb
Shutterstock
Shutterstock

Hotel asset managers are more worried about how a wave of new hotels will impact their properties than outside disruptors such as alternative accommodations or online travel agencies.

Supply growth is a more pressing concern in the minds of hotel asset managers than alternative-accommodations disruptors like Airbnb, according to members of the Hospitality Asset Managers Association, and that’s in large part to successes in the industrywide fight to better regulate that sector.

In HAMA’s recent membership survey, 52.2% of respondents said they expected supply growth to “negatively affect (their) portfolio’s results over the next three years.” The top concern there was labor costs (92.2%). Just 10% of respondents worried about the “expansion of Airbnb” and “growing market share of OTAs,” both of which have been commonly raised concerns by industry leaders in recent years.

Business Travel

Can startup unicorns fly in business travel?

Apr 16, 2019 / Trends
Shutterstock
Shutterstock

The business travel industry has attracted a number of its own tech startups.

In the last couple of years there has been an influx of businesses that describe themselves as fundamentally changing the model of business travel - and raising a lot of investment capital to do so.

Lyft is one of many tech businesses that has a short operating history, has never made a profit and yet is valued in billions.

Is this another tech bubble, how much is hype, and how much are these businesses truly changing the world?

Distribution

Airbnb officially owns HotelTonight

Apr 16, 2019 / Airbnb
HotelTonight
HotelTonight

The deal is Airbnb’s largest M&A transaction yet, and will accelerate the home-sharing giant’s growth as it gears up for an initial public offering.

Airbnb reportedly began talks to acquire HotelTonight months ago, and finally confirmed its intent to acquire the business in early March. Reports indicated a price tag of more than $400 million; Airbnb declined to comment on the size of the deal.

As part of the deal, HotelTonight co-founder and chief executive officer Sam Shank will lead the boutique hotel category at Airbnb, one of the company’s newer units meant to help it scale beyond treehouses and quirky homes.

Distribution

Hotel booking platform Splitty raises $6.75M

Apr 16, 2019 / Splitty
Splitty
Splitty

Splitty, an Israeli-based startup, offers unique hotel prices, by taking advantage of splitting and combining multiple bookings under one reservation.

Splitty analyzes and splits over 1.5 million transactions to create the exclusive deals in one second. They provide their services for more than 500,000 properties in 127 countries. Founded in 2015, Splitty has been focusing on developing its technology and was launched in the market in 2018.

Currently, Splitty provides room booking options mainly in Europe and America. The company is planning to expand its business in the Asian market right after the completion of this round of financing.

Digital Marketing

Q1 2019: The hotel markete's whitepaper

Apr 16, 2019 / HEBS Digital (sponsored)
Shutterstock
Shutterstock

This whitepaper takes a deep dive into strategies that will help to reach customers in every phase of the travel planning journey.

This quarter's topics include:

What's Trending: Stay in the loop with the must-know trends of the quarter including the new redesign of the Google Hotel local pack, Pinterest launching traveler personas to help advertisers reach their best audience, and advances in voice search with the Google Assistant.

From the Design Studio: Get inspiration from some of our most creative clients who use the hotel website to provide a compelling look at the property while driving direct bookings.

A Look Outside the Industry: Take a look at unique campaigns and initiatives from outside of the hospitality industry to see how hoteliers can tap into these strategies in order to put heads in beds.

Download the whitepaper at HEBS Digital

Technology

Hiisi Homes Selects apaleo PMS to power its 11 properties

Apr 16, 2019 / apaleo (sponsored)
Apaleo
Apaleo

With a lightning-fast rollout, Hiisi Homes introduces apaleo’s property management system as the core of its entire technology stack.

Finland based serviced apartments, Hiisi Homes, announced today that it has selected and successfully rolled out apaleo as its core PMS. Replacing an old system, the move to apaleo has also allowed Hiisi Homes to connect 3rd party systems as well as custom-developed systems, all within a matter of weeks.

The eleven properties across eight cities in Finland cater to forward-thinking people, that want the comfort of home away from home. To impress these tech-savvy people, it became clear that the serviced apartment provider would need to update its systems, beginning with its property management system.