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.
Economic losses are mounting in developing countries due to the absence of widespread COVID-19 vaccinations. The crash in international tourism due to the coronavirus pandemic could cause a loss of more than $4 trillion to the global GDP for the years 2020 and 2021, according to an UNCTAD report published on 30 June.
The Plaza Hotel has appeared in a well-known film “Home alone 2”. The true luxury hotel was presented as the most attractive and the best hotel in New York City.
ICCA, the International Congress and Convention Association, has announced the January 2020 launch of its “ICCA Association Community”. Offering education, connections, tools and resources to assist and support international associations in organising more effective meetings, the new platform will officially welcome association executives into ICCA’s global association meeting community as affiliates.
Amadeus announced that it has completed the acquisition of TravelClick. The transaction has now received all necessary regulatory approvals, including competition clearance in all relevant markets.