Search results for “occupancy”
Cancellation rate at 40% as OTAs push free change policy
04/24/2019|3:33:38 PM|
The average cancelation rate in 2014 was 32.9% and increased to 39.6% in 2018. It reached a high of 41.3% in 2017.
Spotlight on: the rise of poshtels
04/23/2019|12:04:13 AM|
And although younger generations are driving the evolution, the demographic of poshtel bookers is diverse.
Weak Asia weighs on Accor first-quarter hotel room revenue growth
04/19/2019|12:11:06 PM|
RevPAR in the Asia Pacific region contracted 0.6% in the quarter, RevPAR in China alone fell 3%.
Fosun venture capital invests in Israeli booking site Splitty
04/16/2019|11:40:11 AM|
Chinese investment firm Fosun RZ Capital led a $6.75 million series A investment round in Splitty, a hotel booking startup based in Israel.
Hotelbeds and OYO form strategic distribution partnership
04/15/2019|7:01:33 PM|
It marks the Indian startup's first partnership with a bedbank company.
Marriott’s new contract with Expedia signals a shift in the direct booking wars
04/12/2019|5:55:33 PM|
The complete aggregation that Expedia and Booking have as OTAs is extremely tough to replicate.
Leisure hospitality startup V Resorts raises $10 million
04/09/2019|4:48:44 PM|
V Resorts will use the freshly raised funds to further expand its footprint in the country, and to enter newer markets in South Asia and the Middle-East.
Ahead of its IPO,-what even is Airbnb anymore?
04/02/2019|9:23:14 AM|
To fully professionalize—to operate no differently than another hospitality giant like Marriott—would effectively wipe out many of the mom-and-pop listings that built what it calls an “unrivaled brand.”
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