REVinsight

Article by STR May 06, 2021 For a third week, U.S. hotel occupancy remained just above 57% and 54% on a total-room-inventory basis (TRI), which accounts for temporarily closed hotels. Room demand fell slightly with the weekly level staying above 21 million for a seventh consecutive week. A closer look revealed that room demand dropped during the weekdays and increased over the weekend. Weekend occupancy advanced week over week to 71%, with room demand up 1.1%. Notably, Saturday’s room demand was the highest recorded since 15 February 2020 with occupancy at 73% (69% TRI). Read the full article here

Article by businesswire May 04, 2021 08:00 AM Eastern Daylight Time American Express Global Business Travel (GBT) has made a binding offer to acquire Egencia, Expedia Group’s corporate travel arm. As part of the transaction, Expedia Group would become a shareholder in, and enter a long-term strategic commercial agreement with, GBT. The deal would bring Egencia, a leading digital travel management company, into the GBT family. GBT would continue to invest in the Egencia brand, its people and technology, as part of the world’s leading business travel platform. Paul Abbott, GBT’s CEO, said: “Our strategy is to provide customers with unparalleled choice by having the best solutions for each managed travel segment that we serve. In Egencia, we would welcome the industry’s leading digital business travel platform. “Egencia would be strengthened by GBT’s complementary technology, enterprise capabilities and cutting-edge content. This would create new opportunities for both multinational and small and medium-sized enterprise (SME) clients, suppliers and the talented teams within both organizations.” Together, GBT and Egencia would offer comprehensive technology and customer solutions across every segment of business travel. Teaming Egencia with GBT’s Supply MarketPlace, one of the most comprehensive sources for content and experiences for business travelers, would give customers more choice and suppliers more access to business travelers. Read the full article here

Whenever you have a product or service that meets all or most of the following criteria. 📎 Follow our next 15 chapters, this is for you. This is new! 👉 https://lnkd.in/eBfx-nD #revenuemanagement #hotelrevenuemanagement #hotelier #hotelrm #revinsight #hotelowners #hotelmanagement #hotellife #hotelconsulting #revenueoptimization #rm#educateyourself #education #academy #revenuemanager #hoteldevelopment #hoteltip#hotelierlove #hôtel #hotel #hospitality#hotels #hospitalityindustry #hoteliers #revenuegrowth #hotelrevenue #revenueacademy by RevInsight Chapter 1. The principles of hotel revenue management.