Archive - Categories : Market News

OTA consolidation bad news for hotel operators: report

Categories: Published on July 13, 2015

While online travel agents (OTAs) have transformed the travel industry, their impact on ancillary sectors such as hotel operators has not been entirely positive, according to a new report published by global hotel consultancy HVS.  The report found that OTAs such as Priceline and Expedia have become ever-more powerful as a result of strategic acquisitions of smaller, regional players with Priceline… + Read More

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Hotel groups: 5 steps to double your conversion rate

Categories: Published on July 2, 2015

Improve online visibility, develop bookings and improve margins. Here is a 5-steps strategy you should adopt to reach your goal. Create individual hotels websites Your group website gives a complete but quick overview of your offer. An individual website for every hotel will let users discover it more deeply, in a distraction free environment. Let’s be honest: even with famous hotel… + Read More

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Q&A: Accor’s Vivek Badrinath on distribution

Categories: Published on June 18, 2015

PARIS—Vivek Badrinath, deputy CEO of newly rebranded AccorHotels, is taking the company on a leap of faith into the digital landscape. The former telecommunications executive (former deputy CEO of innovation, marketing and technologies at telecommunications company Orange) was charged on his arrival to the French hotel giant 18 months ago to revolutionize its distribution landscape. He and his team are making headway,… + Read More

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France: Suppression de la clause de parité tarifaire

Categories: Published on June 12, 2015

Cher client-partenaire, L’Assemblée Nationale a voté cette semaine un article instaurant entre les hôtels et les plateformes de réservation hôtelière un "contrat de mandat" visant à laisser l’hôtelier libre de proposer à ses clients les avantages tarifaires de son choix, ainsi que la suppression de la clause de parité tarifaire avec les centrales de réservation. Cela constitue une évolution majeure pour le… + Read More

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New travel rip-off: Hidden hotel fees

Categories: Published on May 28, 2015

Budget-conscious travelers beware: Sneaky added "hotel" and "resort fees" are proliferating. And although the federal government demands clear disclosure of these add-on charges, consumers who book online say the fees are so cleverly sandwiched into the deal that they are often missed until it's too late -- sometimes until they're slapped onto hotel bills at the end of a stay. "This… + Read More

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HotStats European Chain Hotels Market Review – April 2015

Categories: Published on May 28, 2015

Both Barcelona and Brussels hoteliers reported significant year-on-year increases in gross operating profit per available room (GOPPAR) of 30.5% and 34.7% respectively, according to the latest data from HotStats. April was a strong month for hotels in the Catalan capital with rises in average room rate (ARR) of 11.6% and occupancy of 3.7 percentage points, leading to a rooms revenue per… + Read More

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Expedia gives up on China partner, sells off $671M majority stake in eLong

Categories: Published on May 28, 2015

Ctrip, China’s top travel site, this afternoon announced it has taken a US$400 million stake in long-time arch-rival eLong. The deal, which closed today, was done by acquiring eLong shares from Expedia. Ctrip now has a 37.6 percent stake in its erstwhile rival. Expedia has sold off its entire 62.4 percent stake in eLong, worth US$671 million, by selling the remaining shares… + Read More

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TripAdvisor puts new focus on Chinese market with rebranding, app

Categories: Published on May 28, 2015

Newton-based travel website TripAdvisor said Wednesday that it unveiled a new brand name for Chinese-speaking customers and released a new mobile app to serve those users. TripAdvisor's (Nasdaq: TRIP) new Chinese brand would be known as "Mao Tu Ying" — a phonetic word play combining the Chinese characters for “owl” with the Chinese character for “journey." + Read More

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Positive March 2015 Performance for Hotel Industry in Americas Region

Categories: Published on May 4, 2015

The Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars during March 2015, according to data compiled by STR, Inc. and STR Global. Compared to March 2014, the Americas region reported a 2.2-percent increase in occupancy to 66.6 percent, a 4.1-percent increase in average daily rate to US$122.35 and a 6.3-percent increase in revenue… + Read More

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Mixed March 2015 Performance for Hotel Industry in European Region

Categories: Published on May 4, 2015

The European hotel industry posted mixed results in year-over-year metrics when reported in U.S. dollars, Euros and British pounds for March 2015, according to data compiled by STR Global. Amongst Europe’s sub-regions, Northern Europe saw double-digit growth for ADR (+14.2 percent to EUR110.53) and RevPAR (+16.2 percent to EUR80.31) when compared to March 2014. Within the sub-region, Ireland drove the increases… + Read More

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