Further consolidation is possible in the future which would benefit the strongest players as just a few will remain and dominate the market.
The startup also needs to appeal to established, professional campground owners if it wants to become a truly one-stop shop in the eyes of consumers.
As Hopin became the go-to virtual venue for event organizers, the next product to add was professional-quality video production.
It’s a clever deal that Wyndham says will help broaden its reach with vacation goers by tapping into TNL’s beloved travel stories, guides and trip planning tools.
By September 2021, the average forecasted occupancy rate is expected to equal that of 2020 at 61.1%.
Business class fares in the United States are, on average, pricing 70% higher than 2020 fares for March 2021 departures.
This transformation will mean going from being a hotel that makes decisions based entirely on historical data to one who makes them based on detailed data-driven predictions of the future.
The intent isn’t to migrate RLHC’s ecosystem onto Sonesta’s existing brands; they are complementary to the point where they can coexist.
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