If alternative accommodations aren’t already on hotelier’s radar, perhaps the specialist has succumbed to some of the myths about the short-term rental market. Industry-first alternative accommodations solution by TravelClick, an Amadeus company, delivers insight on 27 million home-sharing listings down to the zip code.
Home-sharing continues to rise in popularity on a global scale with tens of millions of apartments, houses, villas and other property types available for both short- and long-term stays. According to research from Transparent, a leading global provider of data intelligence for the vacation rental industry, the world supply of alternative accommodations has grown by 33 percent from 2017 to 2018. The fast rate of growth and rising popularity of home-sharing presents hoteliers of all types and sizes with a new competitive reality that they must be able to respond to in real-time.
TravelClick, an Amadeus company, has answered the need for a comprehensive competitive assessment that captures alternative accommodations. TravelClick announces the immediate availability of the Alternative Accommodations Solution, the latest addition to its business intelligence product suite. The new solution is available as an add-on to Demand360® and Rate360® which helps subscribers make smarter, data-driven decisions that drive revenue and profitability with the most trusted forward-looking and historical demand data across all segments and channels.
“The lines are blurring between traditional hotel properties and alternative accommodations as we see large brands entering the home-sharing space and vice versa,” said Greg Sheppard, Senior Vice President, Business Intelligence, TravelClick. “We believe that hoteliers cannot overlook the pressure of alternative accommodations that are competitive on price, location, convenience and amenities that weigh into consumers’ decision-making. Our new solution gives our customers relevant, real-time data in an easy-to-use tool that doesn’t require a data scientist to glean the most useful and actionable insights.”
Previewed at HITEC (The Hospitality Industry Technology Exposition and Conference), the world's largest hospitality technology show, in June, the Alternative Accommodations Solution is the first and only of its kind. Its two key focus areas are empowering hotel management to analyze alternative accommodations competition in their immediate area, and to help optimize occupancy and rates to be competitive with those home-sharing options that are comparable to a hotel property.
This new solution has two key focuses, empowering hotelier to:
- Analyze the alternative accommodations competition.
- Optimize hotel occupancy and rates to compete with alternative accommodations.
The Alternative Accommodations Solution is available now. Current Demand360® and Rate360® customers can request the add-on for an additional subscription-based fee, and both tools are available to all types of properties in all major geographical regions.
About TravelClick, an Amadeus Company
TravelClick offers innovative, cloud-based and data-driven solutions for hotels around the globe to maximize revenue. The Company’s interconnected suite of solutions includes Business Intelligence, Reservations & Booking Engine, Media, Web & Video and Guest Management.
Registration is open for the 59th ICCA Congress in Kaohsiung. In response to the uncertain situation and to give participants full control of how they wish to attend, ICCA is offering flexible and adaptable approach to registration and the accompanying fees. This means delegates can sign up now but change their registration type later, allowing them to change between virtual attendee, hub attendee or Kaohsiung in-person attendee.
Hilton Worldwide Corporation has announced the opening of a new Hampton by Hilton Saint Petersburg ExpoForum hotel (Russia), to be located on the territory of ExpoForum Convention & Exhibition Centre. Let's have a look at the specific character of the project and take the chance to view the hotel both from land and from air.
Annual congress of the Global Association of the Exhibition Industry (UFI), industry’s largest global meeting of the year, was held on 31 October – 3 November 2018 in St. Petersburg. Over 450 event professionals representing UFI members met at the ExpoForum centre to review UFI’s work throughout 2018 and confirm plans for the year ahead.
Hitlist, an app for finding cheap flights, expands its functionality and introduces a premium subscription. Users will get exclusive fares and custom travel tips.