Articles tagged “rates”

News Blog

U.S. Short-Term Rental Nightly Rates Push Even Higher in Record Summer

Despite the fears of recession and soaring fuel prices that have retreated somewhat in recent weeks, average daily rates for short-term rentals in the U.S. this summer jumped 7 percent year over year — and that's nearly 30 percent higher than the summer of pre-pandemic 2019. Airbnb short-term rental stay. Source: Airbnb Those conclusions were…

News Blog

Amadeus Launches Market Forecasting Tool for Hoteliers

Amadeus said on Wednesday that it had launched a market forecast capability "to help hoteliers accurately track revenue and manage costs." The tool is part of its business intelligence software suite, RevenueStrategy360, for hotels that it expanded after its acquisition of TravelClick several years ago. "Most tools today look at historical data, but ours focuses…

Business Travel

Inflation Prompts Corporate Travel Buyers to Hold Off Negotiating Hotel Rates for 2023

Companies are holding their nerve, because hotels have the upper hand right now when it comes to dictating rates. It’s a gamble leaving negotiations until so late, but you have to question how long prices can keep climbing.

Inflation Prompts Corporate Travel Buyers to Hold Off Negotiating Hotel Rates for 2023

Short-Term Rentals

U.S. Short-Term Rental Rate Sticker Shock Will Sting More in 2022

Short-term rental owners in locked-down countries undoubtably suffered or went out of business in 2021. But for many owners in the U.S., it was the best of times, and their revenue soared. One wakeup call — there may not be an adequate number of listings to meet demand.

U.S. Short-Term Rental Rate Sticker Shock Will Sting More in 2022

Business Travel

Global Hotel Rates Could Rise 4 Times Inflation in 2022: New Report

Companies shouldn't underestimate the knock-on effect of this year's labor crisis, and this new report is a timely heads-up to help them better manage their costs next year.

Global Hotel Rates Could Rise 4 Times Inflation in 2022: New Report

Business Travel

Computer Maker Dell Breaks From Conventional Methods of Booking Hotels — For Now

More companies are opting for dynamic and not static pricing because there's little risk of rates getting back to 2019's highs this year. Are airfares next?

Computer Maker Dell Breaks From Conventional Methods of Booking Hotels — For Now

Hotels

Why Price-Gouging at Luxury Hotels Could Backfire

There's a danger in the surging average daily rates as travel takes off: Luxury hotels don't have the staff or the ability to live up to inflated rates. This presents a long-term danger to carefully cultivated brands.

Why Price-Gouging at Luxury Hotels Could Backfire

Airlines

Where Are Travel Prices Headed? Get Ready for Twists and Turns

Domestic airfares around the world fell dramatically in May — on average. But, as with hotels, there are currently pockets of strength — and will be for months. Still, contrarian trends don't make for a nice, tidy trend line when it comes to prices.

Where Are Travel Prices Headed? Get Ready for Twists and Turns

Hotels

Short-Term Rentals a Key Factor in Sluggish Hotel Rate Growth

U.S. hoteliers are finding their pricing options constrained because of an influx of both short-term rental supply during peak periods, and because of hotel construction. Hoteliers may decide to get into the short-term rental market or not, but they increasingly have to take it into account when fine-tuning pricing strategies.

Short-Term Rentals a Key Factor in Sluggish Hotel Rate Growth

Online Travel

Hotels Tap New Tech to Clamp Down on Rogue Rates

Hotels are hiring companies to clamp down on online travel sites displaying cheap rates against their wishes. One of those startups, Fornova, has just bought smaller rival HotelsBI to broaden its rate-detection service. The deal is partly justified by the increasing tech spending on a cat-and-mouse-game between hoteliers and providers of rogue rates.

Hotels Tap New Tech to Clamp Down on Rogue Rates