Articles tagged “channel managers”

News Blog

Short-Term Rental Firm RedAwning Bought Channel Manager Lexicon Travel Technologies

California-based RedAwning announced it acquired channel manager Lexicon Travel Technologies. Terms of the deal were not disclosed. A vacation rental in the RedAwning portfolio. Source: RedAwning Channel managers have tech systems to assist accommodations in distributing their properties to websites such as Airbnb, Vrbo and Booking, and sometimes to global distribution systems, among other outlets.…

Dennis Schaal | 4 months ago

News Blog

Guesty Buys YieldPlanet as Startups Serving Short-Term Rentals and Hotels  Consolidate

Guesty has acquired Yield Planet, a hotel-focused revenue and distribution management platform. The companies didn't disclose the deal terms. Guesty's software helps property managers operate and market their short-term rentals for travelers. In August, the U.S. and Israel-based firm said it had closed a $170 million Series E funding round. YieldPlanet, based in Bellevue, Washington,…

Sean O'Neill | 6 months ago

News Blog

SiteMinder Buys Hotel Tech Firm GuestJoy and Reports a Revenue Recovery

SiteMinder, a hotel commerce services company, said on Tuesday it had acquired GuestJoy, a provider of tools to help hotels communicate digitally with travelers. The Sydney-based SiteMinder also reported its latest financial performance, showing that its revenue is recovering though it continues to suffer net losses. The companies didn't disclose the transaction details. "GuestJoy’s capability…

Sean O'Neill | 7 months ago

Online Travel

Despegar Bulks Up on Vacation Rentals To Fend Off Competition From Global Players

Despegar is growing with a steady pace of mergers and acquisitions, including Viajanet and Stays. It's a smart move to use vacation rentals to defend and expand market share.

Dennis Schaal | 7 months ago

Despegar Bulks Up on Vacation Rentals To Fend Off Competition From Global Players

Travel Technology

SiteMinder Grabs Unicorn Status in Australia IPO

This was a great day for unheralded channel managers and digital marketing startups toiling in the backwaters of hotel distribution. If SiteMinder can achieve unicorn status, perhaps through a SPAC, an IPO or more hard work, keep at it and you can too.

Dennis Schaal | 1 year ago

SiteMinder Grabs Unicorn Status in Australia IPO

Online Travel

Travel Tech Firm RateGain to List as a Public Company in India

RateGain, a 15-year-old travel tech firm, wants to position itself for growth post-pandemic by raising capital. Its private equity sponsor TA Associates also wants a payday, and no wonder.

Sean O'Neill, Skift | 2 years ago

Travel Tech Firm RateGain to List as a Public Company in India

Online Travel

Tripadvisor Plus Creates Less Friction and Lower Costs for Hotels

Adding channel managers to bypass global distribution systems Amadeus and Sabre isn't a super-duper game-changer for Tripadvisor Plus, but less friction and lower fees can lead to greater traction.

Dennis Schaal, Skift | 2 years ago

Tripadvisor Plus Creates Less Friction and Lower Costs for Hotels

Online Travel

The Grip of Airbnb and Short-Term Rental Giants Leaves Direct Bookings Elusive

Direct-booking advocates in the short-term rental space will face tough going long term because they have to deal with plenty of juggernauts. When the travel recovery gets under way in full, it will be Airbnb, Booking.com and Expedia spending billions of dollars to win over fickle, bargain-hungry travelers.

Dennis Schaal, Skift | 2 years ago

The Grip of Airbnb and Short-Term Rental Giants Leaves Direct Bookings Elusive

Coronavirus

An Exclusive Look at Marriott’s Terms for Recruiting Short-Term Rental Hosts

Marriott has been in the vacation rental business for nearly two years, and few see it as a threat to the likes of Airbnb and Vrbo. Recent recruitment efforts for new listings and employees show the fledgling division is on track to be an integral part of future revenues for the world's largest hotel company.

Dennis Schaal and Cameron Sperance, Skift | 2 years ago

An Exclusive Look at Marriott’s Terms for Recruiting Short-Term Rental Hosts