Weekly Insights. October 26, 2024

Best hospitality industry articles focused on 💵revenue, 📊markets, and 🎯strategy (Oct 20 - Oct 26, 2024).

Alex Kapichin 26 Oct 2024

How SynXis is taking CRS capabilities to the next level: AI, cybersecurity and feature enhancements

The article explores how Sabre's SynXis Central Reservation System (CRS) is innovating through AI, cybersecurity advancements, and feature enhancements. It highlights SynXis's evolution from a simple inventory management tool to a comprehensive system integrating revenue management, customer relationship management, and attribute-based selling. With AI-driven insights and a modernized booking engine, SynXis aims to enhance revenue optimization, guest personalization, and security for hotels in a competitive digital landscape.

Michelin Key hotels: Meaning and examples

The article explains the concept of Michelin Key hotels, which are distinguished for their exceptional quality and service, similar to Michelin-starred restaurants. It covers the criteria for earning these prestigious awards, including design excellence, service quality, and brand reputation. Michelin Key hotels benefit from increased visibility, attracting affluent guests and enhancing brand value. The article also provides examples of three-key hotels around the world.

Hotel market segmentation: How to appeal to the right guests

This article explains hotel market segmentation, categorizing guests by booking behavior, demographics, and travel purpose. It highlights key segments like transient, corporate, MICE, and group bookings, each requiring tailored services, marketing, and pricing. Effective segmentation enables hotels to personalize offers, optimize revenue, and boost guest satisfaction. Tools like Google Analytics and CRM systems help hotels better understand and engage with each segment.

Closing the gap: How independent hotels can leverage data to compete with large chains

This article covers how independent hotels can leverage data and automation to compete with larger chains. It highlights tools like Property Management Systems (PMS) and pricing managers, which streamline operations, enable dynamic pricing, and personalize guest experiences. By adopting these data-driven strategies, independent hotels can optimize revenue, reduce operational costs, and enhance guest satisfaction, closing the gap with major hotel brands.

How an Uber-Expedia merger could redefine the travel experience

The article explores the potential impact of a hypothetical merger between Uber and Expedia, highlighting how combining Uber's frequent user engagement with Expedia's expertise in travel booking could create a powerful "super app" for seamless travel planning. Leveraging AI and data from both platforms, the merger could streamline everything from rides to hotels in one app, enhancing user experience and disrupting traditional travel processes.

3 tips for making your work meetings more impactful

This article provides tips to make work meetings more impactful, focusing on setting clear objectives, including only necessary participants, and ensuring traceability with effective follow-up. It suggests that sharing information in advance and using meeting time to foster collaboration can make sessions more productive. Emphasizing meaningful participation and action-oriented outcomes can transform meetings into valuable, engaging experiences.

Is Expedia’s last-minute deals a good deal for hotels?

The article argues that Expedia’s Last-Minute Deals often harm hotels by undercutting rates, encouraging cancellations, and undermining revenue management practices. It recommends that hotels avoid last-minute discounts and instead focus on direct bookings, advance purchase discounts, and value-based packages. By emphasizing unique guest experiences rather than slashing rates, hotels can protect revenue and maintain guest loyalty.