The hotel industry is seeing unprecedented growth, with a market size that surged to 1.5 trillion U.S. dollars in 2023. Occupancy rates have also bounced back to pre-pandemic levels, reflecting strong demand across the globe. But with this boom comes intense competition, and hotels are no longer competing on just location or amenities—they’re competing on…
Attention, hotel owners, online travel agencies, and travel tech companies. Are you tired of the hassle of manually managing your hotel bookings, availability, and pricing? Look no further because the best hotel API providers are here to revolutionize your hotel business or travel planning experience. Before diving in, sharpen your understanding of hotel APIs and…
Hotel pricing strategies are not just about setting room rates but also about unlocking the full potential of your hotel business. These strategies blend the art of attracting guests with the science of maximizing profits. As a hotel owner, crafting an effective pricing strategy can transform your property from merely surviving to thriving in a…
Are you a hotel owner, part of a hotel chain, or an operator within an online travel agency, tired of the guessing game involved in setting the right room prices? Or, concerned about potentially driving away guests with rates that are too high, or undermining your revenue with prices too low? If so, a Hotel…
The online travel industry is a high-stakes game. Giants like Expedia and Booking.com are taking the lead. Competition is fierce which makes staying ahead of the curve crucial. To survive and thrive in the online travel industry, you need to be sharp, make the process swift, and most importantly adopt technology for tech-savvy users. Because…
Know what your competitors are doing; that is going to put you ahead in this fierce business environment of the hotel industry. This is where hotel market intelligence comes in to help you achieve that. Market intelligence is used in data collection that helps the making of successful driving decisions. For a hotel business, the…
Expedia’s Path to Purchase research discovered that booking a hotel room often starts online, with a staggering 80% of travellers using Online Travel Agencies before making the reservation. This trend highlights the significant influence OTAs have over the booking process, which positions them as a primary go-to resource for travellers. This reliance on OTAs presents…
Do you know? Tourism has emerged as one of the largest, fastest-growing, and most competitive industries worldwide in the twentieth century. (source) Reflecting on this, a Google study revealed that 90% of travelers turn to the Internet before making their final booking decisions. (source) Since travelers have countless options at their fingertips, capturing and retaining…
Dear hoteliers! Are you working round the clock, but those empty hotel rooms are still looking like a ghost town? And your prospective guests? Are they enjoying your competitor’s tantalizing rates? Hold on, though. There is a secret remedy to your troubles – “The Best Available Rate Pricing Strategy.” Think of it as a VIP…
The travel market is continuously growing and it has become an industry with more than $854.80 billion market size. But with time many big players have jumped the ship to take their own piece of share. With this price war has become very natural. Multiple travel agencies started collecting a tremendous amount of data from…