Newshound: Trends and Reports – Hotel Online Distribution

Travel products dominate savings from daily deal sites, as does Groupon

Interesting data out of UK-based DealZippy after analysing a year’s worth of deals from across a range of industries and platforms, showing how popular the channel remains in travel. Given that the company takes a feed from over 30 UK deal sites, such as Groupon, LivingSocial, Wahanda and Qype, the data is pretty robust and representative of the marketplace. So what did it discover? Over the course of the past 12 months just over 60,000 deals have been published by the sites it covers, featuring some 22,600 individual businesses.
http://www.tnooz.com/2012/09/25/news/travel-products-dominate-savings-from-daily-deal-sites-as-does-groupon/#wqqk1bl1HsggZhAM.99

The implications of last-minute bookings for hotel operators

With shifting consumer expectations due to the proliferation of last-minute booking apps, hotels must consider the implications of offering rooms via the last-minute mobile channel.
The promise of reducing empty rooms via last-minute bookings is nothing new – last minute travel has always been big in Europe, where the close proximity of dozens of relatively inexpensive destinations encouraged many consumers to care less about advance planning in favor of a lower priced getaway.
http://www.tnooz.com/2012/09/20/mobile/the-implications-of-last-minute-bookings-for-hotel-operators/#XWuUA5BcisbrwrZy.99

More hotels posting reviews from their own guests

The online review of the Best Western hotel in Eagle Rock started with a critical headline: “Very poor quality, will never stay here again.” What is surprising is that the review was posted on a link found on the website of that very same hotel. Best Western International, one of the world’s largest hotel chains, recently announced that it had redesigned its website, adding links to reviews submitted by its guests to TripAdvisor.com. The move marks a trend in the hotel industry.
http://www.latimes.com/business/money/la-fi-hotel-reviews-20120921,0,7499976.story

Focus on online search vital as channel grows

With nearly 80% of the average consumer’s Web experience beginning with an online search, optimizing online content for search is crucial for hoteliers to compete in the market. “That’s an advantage for us,” said Tran Hang, head of the travel industry at Google, who shared that statistic last week during a session at EyeforTravel’s Travel Distribution Summit North America in Las Vegas. “We’re seeing a big shift from offline working media to online working media,” said Jack Feuer, founder and president at digital consulting firm Digital Marketing Works.
http://www.hotelnewsnow.com/articles.aspx/9002/Focus-on-online-search-vital-as-channel-grows

Travel marketer takeaways, cross-channel optimization and hotel revenue management

This month’s EyeForTravel North American Travel Distribution Summit was chock-full of travel industry thought leaders sharing case studies, best practices and knowledge surrounding the various areas of travel distribution. From keynotes to social media to mobile to revenue management, the conference covered many of the au courant challenges that travel marketers, startups and executives are tackling.
http://www.tnooz.com/2012/09/24/event/eyefortravel-travel-marketer-takeaways-cross-channel-optimization-and-hotel-revenue-management-video/#mALmDqPj4CZzyEK7.99

Newshound: Trends and Reports – Hotel Online Distribution


Revenue Measurement Is Not Revenue Management

In pricing and revenue management, hedging your bets with a tried-and-true process may actually be riskier than taking a chance on something different. It sounds counterintuitive, but the fact is that the conservative route to pricing practices is costing big hospitality firms millions in revenue, risking their future viability.
http://www.hotelexecutive.com/subscribe/2669/

Integrating e-commerce into a hotel’s overall business strategy

Commerce should be a compliment to every part of a hotel’s operations. All staff members need to be briefed on the advantages of taking a collaborative approach to e-commerce.The front desk staff, for example, needs to understand the correlation of stellar customer service on online guest reviews and the ability of a hotel to sell its products online.
http://www.hospitalitynet.org/news/4052549.html

Online traveler review volume continues to grow

A new report from PhoCusWright reveals that online hotel review volume expanded significantly in 2010, as traveler opinion plays an increasingly powerful role in the online travel search-shop-buy process. PhoCusWright’s Social Media in Travel 2011: Traffic, Activity and Sentiment analyzes nearly 2.9 million online traveler reviews, covering more than 26,000 U.S. properties of 65 top hotel brands.
http://www.traveldailynews.com/pages/show_page/44789-Online-traveler-review-volume-continues-to-grow

“RM now moving away from overall profitability towards customer centric profitability”

It is critical to understand that the interests of the hotel are the same as protecting your most valuable customers, says Devdutta Banerjee, Regional Director – Revenue Management, India Bangladesh and Nepal, Starwood Hotels & Resorts.
http://www.eyefortravel.com/news/hotels/%E2%80%9Crm-now-moving-away-overall-profitability-towards-customer-centric-profitability%E2%80%9D