As we enter the month of May it appears that it will be another month of closures for the majority of hotels, guest houses, bed & breakfasts as well as other tourism driven businesses, after some great feedback on our previous article Some Realizations – from the desk of a revenue specialist we have been receiving feedback […]
What can I do now in preparation for the “new normal” Read More »
Ironic title, considering distribution is at the core of Revenue Management itself. I want to make it very clear that this is by no means written to try and eliminate jobs for industry professionals or displace any form of positions within the industry that are doing a fantastic job in their roles. To those, I
Revenue Resources < Revenue Redistribution Read More »
I have been working in the hospitality industry for 17 years now and I have been directly involved in sales, marketing and revenue/commercial management for the last 10 of these years and never have I or will I see something like COVID-19 again, this global pandemic has brought the world to its knees and more
Some Realizations – from the desk of a revenue specialist Read More »
Being very active in revenue management and distribution for the last 3 years we at TrevPAR World have never been more challenged with the different games that the OTA channels are playing, now this… Booking.com has recently communicated that their “Genius” rates will now gain you access to a larger audience of frequent travelers as
The controversy is definitely in the air of the global hotel industry. Traditionally the Big 5 (Marriot & Starwood, Hilton, IHG, Accor and Wydham) have been unrivaled by pure virtue of their size and brand reputation. However are they becoming submissive to major OTA’s like Booking.com & Expedia as they become increasingly powerful in their
Are OTA’s slowly becoming more powerful than hotel groups? Read More »
World Regions – Follows the United Nations World Tourism Guidelines. There are four world regions which are divided into 15 sub-continents as follows: Americas (North America, South America, Central America, Caribbean); Asia Pacific (Central & South Asia, Northeastern Asia, Southeastern Asia, Australia & Oceania); Europe (Northern Europe, Southern Europe, Eastern Europe, Western Europe); and Middle East/Africa
Industry Terms – The Letter W/X/Y/Z Read More »
Underwater – 1. The condition of a call option when its strike price is higher than the market price of the underlying stock.The condition of a put option when its strike price is lower than the market price of the underlying stock. Also known as out of the money, an underwater option would be worthless if
Industry Terms – The Letter U/V Read More »
Term Asset-Backed Securities Loan Facility – A program created by the U.S. Federal Reserve in November 2008 to boost consumer spending to help jump-start the economy. This is accomplished through the issuance of asset-backed securities. The collateral for these securities consists of student, personal auto and credit card loans. Backing for these loans comes from the
Industry Terms – The Letter T Read More »
Sample – The number of hotels and rooms from which data is received. Securitization – The process through which an issuer creates a financial instrument by combining other financial assets and then marketing different tiers of the repackaged instruments to investors. The process can encompass any type of financial asset and promotes liquidity in the marketplace. Mortgage-backed
Industry Terms – The Letter S Read More »
Rate Parity – A situation in which a travel supplier, such as a hotel, maintains the same price across all its various distribution channels. REIT – Real Estate Investment Trust – an special type of corporate entity that invests in real estate (on the debt or equity side); this type of company has special tax benefits (i.e.
Industry Terms – The Letter Q/R Read More »
