ReportWire

Tag: Hospitality Industry

  • Lighthouse Launches Smart Compset, Enhancing Competitive Intelligence for Hoteliers

    Lighthouse Launches Smart Compset, Enhancing Competitive Intelligence for Hoteliers

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    New AI-powered feature within Benchmark Insight provides forward-looking ADR and RevPAR data, transforming how hotels analyze market trends

    Lighthouse (formerly OTA Insight), the leading commercial platform for the travel & hospitality industry, today announced the launch of Smart Compset within its Benchmark Insight solution. Benchmark Insight is a competitive intelligence solution for hotel revenue managers, allowing them to benchmark their hotels with competitors and make the best strategic decisions, uncover hidden opportunities, and drive additional revenue for their properties. 

    Smart Compset leverages Artificial Intelligence and advanced data analysis algorithms to generate anonymized and aggregated competitive sets, providing hoteliers with unprecedented access to forward-looking Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR) data. 

    This new feature transforms how hotels analyze market trends and make strategic decisions. In an era where traditional static competitive sets fall short of capturing rapidly evolving market dynamics, Lighthouse’s Smart Compset represents a significant leap forward in hospitality benchmarking intelligence.

    Lighthouse is pioneering the use of cutting-edge technology to provide hoteliers with a dynamic view of their competitive landscape. Smart Compset remedies the shortcomings of traditional static competitive sets, which struggle to capture rapidly changing market conditions. 

    Users can select multiple criteria such as base rate, hotel class, location, and star rating as inputs to the platform. Smart Compset then leverages dynamic data to generate a true picture of the compset. This flexible approach delivers a more precise approach to competitive intelligence.

    “With the introduction of Smart Compset, Lighthouse is addressing a critical need in the hospitality industry for more dynamic and forward-looking competitive intelligence,” said Sean Fitzpatrick, CEO at Lighthouse. “Our goal is to empower revenue managers and commercial teams with the insights they need to make informed decisions and drive revenue growth.”

    Smart Compset offers hoteliers a suite of powerful benefits:

    • Forward-looking ADR and RevPAR data, updated daily
    • User-defined criteria for customizable competitive sets
    • Seamless integration with Lighthouse’s all-in-one commercial platform
    • Enhanced functionality complementing existing benchmarking tools
    • Improved accuracy in forecasting and strategic planning

    Developed in collaboration with hotel partners, Smart Compset is an industry-first feature that provides a more flexible and forward-looking approach to competitive analysis, crucial in today’s dynamic market.

    “Our research reveals that revenue managers often grapple with outdated or irrelevant competitive data,” said Nick De Jonghe – Director of Product Growth at Lighthouse. “Smart Compset solves this by offering a dynamic view of the competitive landscape. It’s not just a tool; it’s a strategic asset that can significantly impact a hotel’s bottom line.”

    Smart Compset’s launch comes at a crucial time for the travel industry. With the World Travel & Tourism Council (WTTC) projecting global travel spend to reach $15.5 trillion by 2033, hotels face mounting pressure to optimize their pricing and revenue strategies. This anticipated growth creates an increasingly competitive landscape, making Smart Compset’s innovative approach particularly significant for hoteliers seeking to maximize their market position.

    Smart Compset is especially valuable for management groups and independent hotels, which often require more agile competitive intelligence to effectively compete in their markets. By providing access to previously unavailable forward-looking data, Smart Compset levels the playing field, enabling these properties to make more informed strategic decisions.

    As part of Lighthouse’s integrated commercial platform, Smart Compset reinforces the company’s commitment to innovation in the hospitality industry. It represents another step towards providing hoteliers with a comprehensive suite of solutions that drive commercial success.

    Smart Compset is now available to clients globally, empowering more hoteliers to make data-driven decisions in an evolving market.

    For more information about Smart Compset and Benchmark Insight, visit: https://mylh.co/3z1zHUU

    Source: Lighthouse

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  • Car crashes into Salem bar

    Car crashes into Salem bar

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    SALEM — The first customer early Friday morning at the Sidelines Sports Bar & Grill was not someone looking for coffee.

    It was a white sedan that slammed through the front wall of the Canal Street restaurant, plunging completely inside.

    According to owners, the accident caused extensive damage to the brick building, closing the restaurant for an undetermined period of time. 

    In the meantime, the owners are encouraging customers to patronize its sister location at Paddy Kelly’s Restaurant & Pub on Washington Street.

    As of Friday, there were no reports of injuries.

    Police are still investigating the accident.

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    By Buck Anderson | Staff Writer

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  • Lighthouse Launches AI-Based Intelligent Channel Management With Pricing, Promotion and Distribution Capabilities for Independent Hotels

    Lighthouse Launches AI-Based Intelligent Channel Management With Pricing, Promotion and Distribution Capabilities for Independent Hotels

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    Solution Will Act as a Commercial ‘Co-Pilot’ to Boost Revenue for Independent Hoteliers

    Lighthouse (formerly OTA Insight), the leading commercial platform for the travel and hospitality industry, today announced the release of Channel Manager. This industry-first AI-powered solution transforms pricing, promotion, and distribution for independent hotels.

    Building on the recent acquisition and integration of Stardekk into the Lighthouse platform, this announcement redefines channel management for independent hotels by addressing the long-standing limitations of static pricing, promotion, and distribution technologies.

    Independent hotel owners, general managers and sales leaders have traditionally relied on separate pricing, promotional, and channel management tools that lack connectivity and require manual monitoring. These legacy processes and tools are slow, time-consuming, and insufficient to deal with the rapidly changing needs of independent hoteliers. 

    Lighthouse has automated the analysis of market demand, competitor pricing, on-the-books reservations, and optimal channel distribution to act as a revenue “copilot” for independent hoteliers. 

    By integrating pricing, promotion, and distribution capabilities in a single platform, independent hoteliers can save time, make better pricing decisions, and automate the process of sending prices and promotional programs to the most desirable OTAs and other channels. The end result is higher revenue, lower channel fees, and more time to serve guests.

    Key benefits of the Lighthouse platform for independent hotels include:

    • Dynamic pricing & promotion: AI-driven rate recommendations and promotional strategies are automated based on real-time market demand and current occupancy through Lighthouse Pricing Manager.
    • Automated parity management: Rate parity across distribution channels is monitored automatically to ensure pricing is optimal, competitive and consistent.
    • Intelligent distribution: Pricing, promotions, availability and channel restrictions are automatically pushed to the most optimal channels in real-time with Lighthouse Channel Manager.
    • Trusted data and tools: Independent hotels can leverage the same high-quality data that is used by larger chains. Lighthouse powers solutions for over 65,000 hotels globally and is considered the leader in hospitality data quality.
    • Customer service: Independent hotels can access local support teams. When you need us, we’re here with support in 14 languages around the globe.
    • Easy connectivity: Lighthouse Channel Manager connects with over 200 OTAs and more than 50 PMS systems. Our team is here to make any integration a simple and easy process.
    • All-in-one ease of use: Lighthouse provides seamless integration between Channel Manager and Pricing Manager, enabling better pricing and distribution decisions.

    “We are dedicated to redefining what’s possible in hospitality technology,” said Sean Fitzpatrick, CEO at Lighthouse. “Lighthouse is the next-generation commercial platform built to empower independent hoteliers with the solutions they need to grow their topline revenue, so they can continue to invest in delivering unforgettable guest experiences.”

    Lighthouse solutions for independent hotels are designed to break down silos and unify all aspects of pricing, promotion, and distribution management under one intelligent, connected platform. This solution empowers independent hoteliers to respond swiftly to market changes, capitalize on emerging trends, and ultimately drive higher occupancy, revenue and profitability.

    For more information about our intelligent Channel Manager solution for independent hoteliers, please visit https://www.mylighthouse.com/ai-automation/channel-manager.

    Source: Lighthouse

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  • Supermom In Training: Family travel to Boston

    Supermom In Training: Family travel to Boston

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    Every summer, we take a vacation, and this year we choose to head to Boston. It was the perfect destination for a number of reasons: not only is it close (just five hours from Montreal – closer than Toronto!) but it’s also a fantastic city with lots to do and see.

    We made our homebase the beautiful and well-appointed Ritz-Carlton, Boston and stayed in their Parkview Suite. The room lives up to its name, with breathtaking panoramic views of historic Boston Common, and it was super spacious so we had lots of room as a family to spread out. We had access to their Club Lounge, which offers breakfast, lunch, appetizer, and dinner items all day long, plus an endless array of beverages – it’s the perfect solution for families who are coming and going to sightsee and want access to delicious food any time of day. As always, the Ritz staff go above and beyond to cater to your every need, ensuring you have a seamless stay with great recommendations on activities, local fare, and so much more (shoutout to Steadley, the best doorman in the biz!). It’s also centrally located, so we were close to all the sites and attractions we wanted to see, plus we enjoyed beautiful walks in the evening time through the historic streets of Boston right outside our door. The Ritz-Carlton, Boston is the quintessential perfect family hotel.

    Another must-do is the duck tour – board a funky bus with colourful animators and drive around Boston to see all the best sites. Then, it turns into a boat and drives right into the water, and you get to explore Boston from the waterside, which is just as cool. We loved it. 

    We walked around Little Italy and did the Freedom Trail, which has more than a dozen historical landmarks connected by easy-to-navigate walking paths. The harbour front is beautiful, and one of my favourite stops was at Quincy Market – save a meal and just eat there because it boasts all the best local fare under one roof (get the clam chowder – it’s to die for).

    Boston is a fantastic city steeped in history with friendly people and delicious food. And because it’s so close, it’s easy to check out over a long weekend. If you’re looking for a vacation somewhere everyone will love, go and experience this historic American city. 

    A full-time work-from-home mom, Jennifer Cox (our “Supermom in Training”) loves dabbling in healthy cooking, craft projects, family outings, and more, sharing with Suburban readers everything she knows about being an (almost) superhero mommy.

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  • Lighthouse Launches Total Revenue for Business Intelligence With AI and Custom Reporting Capabilities

    Lighthouse Launches Total Revenue for Business Intelligence With AI and Custom Reporting Capabilities

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    Additions to Lighthouse’s commercial platform give revenue leaders the ability to expand scope of analytics and drive revenue beyond room pricing

    Lighthouse, the global leader in cloud-based market intelligence for travel & hospitality, today announced the launch of three new additions to its industry-leading commercial BI solution. The launch includes:

    • Total Revenue: a step-change improvement for BI in the hospitality industry, providing a complete view of room and non-room revenue performance 
    • AI Smart Summaries: daily performance insights, powered by generative AI, saving time and delivering better decisions
    • Custom Reporting: personalized, editable reports and dashboards, creating more flexibility to capture new insights

    “Business Intelligence is a key component of our commercial platform, and we continue to improve on our offering with new features that address customer needs, with hospitality-specific applications of the latest technology, such as Generative AI,” said Gregory Peppel, Head of Business Intelligence Products at Lighthouse. “With these latest features, we are changing the way commercial teams manage revenue performance.”

    The new features build on the existing Lighthouse BI solution set, which is used by over 8,500 hotels globally and was named Best Hospitality Business Intelligence Solution of 2024 by HotelTechReport. 

    Lighthouse BI encompasses deep integrations with the Lighthouse product suite including Rate Insight, Market Insight, and Benchmark Insight. This results in data-driven decisions based on reservation-level data, competitor pricing, market demand, and benchmark data.

    Total Revenue 

    Total Revenue provides a holistic view of both room and non-room revenue performance, with breakdowns by department, source and segment. The data syncs automatically with your PMS, eliminating the need for manual data collection or mapping from multiple sources, enhancing data accuracy and enabling immediate action to optimize all revenue streams and increase profit potential.

    AI Smart Summaries

    AI Smart Summaries leverage Generative AI to transform complex data sets into easily digestible daily performance summaries for hotel commercial teams. This technology captures and summarizes changes in pick-up, ADR, segmentation, and occupancy—tasks that previously took hours to compile. AI Smart Summaries save revenue management teams time and make daily performance insights more accessible to the entire commercial team, allowing for more strategic decision-making and improved results across all stakeholders. 

    Custom Reporting

    Custom Reporting allows users to create, export and schedule personalized reports and dashboards. With pre-sourced data, a pre-built data model, and multiple editable report templates that include essential metrics, users can start generating valuable insights faster. Lighthouse’s extensive experience in hotel analytics ensures our data model includes advanced hotel-specific features, for more robust and insightful analysis. 

    Jerrod Jackson, VP of Revenue Management Strategy at ZMC Hotels, shared his experience with Lighthouse Business Intelligence: “Everything that we look at doing in terms of adopting a new system or a platform is based on how we can create efficiencies and speed to market. Overall, Lighthouse BI has increased our efficiency and helped support better commercial decision-making.”

    Lighthouse BI drives substantial business impact for hoteliers by bringing performance data for your entire portfolio into a single business intelligence solution. It’s designed to be user-friendly, with out-of-the-box solutions that make complex data accessible to everyone. 

    Currently, the newly launched features for Total Revenue, AI Smart Summaries, and Custom Reporting are available to a select number of partners, with a broader release expected in Q3 2024. 

    To gain early access or to learn more, please visit www.mylighthouse.com/BI 

    Source: Lighthouse

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  • CleanBrands, Makers of CleanRest, Reaches 99% on Time Fulfillment Rate Leveraging Deep Inventory Across Global Warehouse Network

    CleanBrands, Makers of CleanRest, Reaches 99% on Time Fulfillment Rate Leveraging Deep Inventory Across Global Warehouse Network

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    Press Release


    Jun 4, 2024 09:00 EDT

    CleanBrands Achieves Milestone in Supply Chain Efficiency, Ensuring Rapid Delivery for Hospitality Clients Amid Rising Global Travel and Bed Bug Concerns

    CleanBrands, the makers of CleanRest bedding and sleep protection, known for its patented MicronOne fabric technology and Zip-N-Click bed bug zipper locking and control feature, has reached an all-new high with respect to its on-time delivery and order fill rates.

    Do Kook Kim, CleanBrands Director of Global Supply, has shared that the company has developed a diverse supply chain with redundancies to make certain its award-winning mattress, pillow and box spring protection products remain available in each of the markets it serves; North America, Asia, and EMEA.

    “Reaching these incredible levels of supply chain performance has been critical for our distributors but most importantly our hotel and hospitality end users. Global travel is buzzing right now and so are bed bug infestation rates, the combination of our patented products and fast shipping is helping us maintain our position as the gold standard for bed and sleep protection,” stated Linda Bill, President of CleanBrands at a recent industry gathering.

    With both EDI capabilities and an online ordering portal, orders are immediately confirmed and customers are provided a fixed firm shipping date within minutes, all of which are driving high customer satisfaction ratings from CleanBrands’ tens of thousands of hotels and hospitality customers.

    To receive a free sample for your property or be connected with a CleanBrands distributor, visit https://encasements.cleanrest.com/why-encase/ and fill out the form.

    About CleanBrands: With 30 years of expertise, CleanBrands is recognized as the global leader in bedding protection. We design the most technically advanced mattress, pillow and box spring protection resulting in maximum return on investment for our hospitality clients and improved health and comfort for sleepers. For more information, please visit www.cleanrest.com

    Source: CleanBrands

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  • Lighthouse Expands Into Distribution With Acquisition of Stardekk

    Lighthouse Expands Into Distribution With Acquisition of Stardekk

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    Strategic acquisition adds dynamic distribution management capabilities focused on improving booking conversion and revenue optimization for independent hotels

    Lighthouse (formerly OTA Insight), the leading commercial platform for the travel & hospitality industry, today announced the acquisition of Belgian-based Stardekk, a market-leading provider of channel management and distribution software for the hospitality industry. This move represents another advancement in Lighthouse’s commitment to empowering hospitality commercial teams with a single platform to drive revenue growth.

    The merger will create a unified technology platform, combining Lighthouse’s data and artificial intelligence with Stardekk’s distribution reach, offering hoteliers unprecedented dynamic channel optimization. The combined offering will streamline real-time decision-making in a rapidly evolving market, particularly benefiting independent hotels by providing advanced distribution tools and pricing insights to drive top-line revenue growth.

    “We are delighted to welcome Stardekk to our team,” said Sean Fitzpatrick, CEO of Lighthouse. “Their innovative solutions and team complement our mission to reimagine commercial strategy for the hospitality industry. Together, we will deliver unmatched value to independent hoteliers through the combination of better data, better automation, and dynamic distribution.”

    Focus on independent hotels

    While the Lighthouse platform serves travel and hospitality businesses of all sizes, from independents to the largest global chains, this acquisition specifically targets the underserved sector of independent hotels. “Our ideal customer profile for this solution is independent hoteliers who are time-starved and overwhelmed managing disparate systems and data,” added Fitzpatrick.

    Addressing market fragmentation

    The hotel industry has long been hampered by a fragmented approach to pricing, promotion, and distribution, often leaving independent hoteliers at a disadvantage with disjointed data and systems. Lighthouse aims to bridge these gaps, offering an intelligent channel management solution for independent hotels that combines dynamic pricing optimization and distribution decisions in a single platform, driving top-line revenue growth and profitability.

    Harnessing the power of AI and automation

    With a unique understanding of the challenges faced by independents in an increasingly complex distribution landscape, the combined forces of Lighthouse and Stardekk will deliver an industry-first solution. Independent hotels often lack the time, data, and budgets to compete with larger chains. This acquisition will combine the expertise of Lighthouse and Stardekk in their use of data, AI algorithms, and automation to offer hoteliers unprecedented capabilities to more effectively and efficiently optimize their commercial strategies.

    A shared vision for hoteliers 

    Vincent Goemaere, founder and CEO of Stardekk, commented, “Joining forces with Lighthouse marks a significant milestone in our journey. We’ve always been dedicated to empowering hoteliers with easy-to-use, powerful tools. This merger not only aligns with our vision but expands our joint capabilities, offering immense value to independent hoteliers who need to stay competitive in rapidly changing markets, by driving revenue and profitability. The potential we can unlock together is incredibly exciting.”

    Together, Lighthouse and Stardekk are poised to redefine the distribution landscape for independent hoteliers worldwide, ushering in a new era of innovation, efficiency, and competitiveness. It’s a move that promises to level the playing field in a rapidly changing market.

    ***

    About Lighthouse

    Lighthouse (formerly OTA Insight) is the leading commercial platform for the travel & hospitality industry. We transform complexity into confidence by providing actionable market insights, business intelligence, and pricing tools that maximize revenue growth. We continually innovate to deliver the best platform for hospitality professionals to price more effectively, measure performance more efficiently, and understand the market in new ways.

    Trusted by over 65,000 hotels in 185 countries, Lighthouse is the only solution that provides real-time hotel and short-term rental data in a single platform. We strive to deliver the best possible experience with unmatched customer service. We consider our clients as true partners — their success is our success.

    About Stardekk

    Stardekk is a provider of innovative hotel software with over 22 years of experience and more than 3,000 customers in 55 countries. More bookings, less administration – that’s what Stardekk is all about. Stardekk offers an affordable all-in-one solution for hotels, B&Bs and short-term rentals to save time, maximize revenue and provide guests with a seamless experience, from online search to long after check-out. The powerful Cubilis Channel Manager, featuring best-of-class partnerships with Google, Airbnb, Booking.com and Expedia, serves as the engine that drives hoteliers’ online distribution.

    Source: Lighthouse (formerly OTA Insight)

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  • Lighthouse (Formerly OTA Insight) Wins Four 2024 HotelTechAwards, Reinforcing Leadership in Hospitality Technology

    Lighthouse (Formerly OTA Insight) Wins Four 2024 HotelTechAwards, Reinforcing Leadership in Hospitality Technology

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    Four-time winner continues to illuminate the path forward to help transform complexity into confidence

    Lighthouse (formerly OTA Insight), the leading commercial platform for the travel & hospitality industry, today announces that for the fourth consecutive year it has been recognized as the industry leader in the following categories:

    • Best Rate Shopping & Market Intelligence
    • Best Hotel Rate Parity
    • Best Business Intelligence
    • Overall – Top 10 People’s Choice (#4)

    This unprecedented success underlines Lighthouse’s dedication to innovation, data quality, and unparalleled customer service. The company’s consistent performance in these categories is a testament to its commitment to empowering over 65,000 hoteliers with cutting-edge solutions and insights.

    In 2023, the company underwent a significant rebranding, transitioning from OTA Insight to Lighthouse. The rebrand unified various products and acquisitions under a seamless unified commercial platform. The rebranding also introduced new features, including advanced business intelligence tools, insights into the short-term rental market, as well as a revamped user experience.

    “We are immensely proud to receive these Hotel Tech Report Awards for the fourth time,” said Sean Fitzpatrick, CEO of Lighthouse. “Our consistent performance over the years is a clear indication of our unwavering commitment to excellence and customer success. These awards are not just wins for the Lighthouse team, but for all our customers, who inspire us to push the boundaries of what’s possible in hotel technology.”

    The Hotel Tech Report Awards are renowned for recognizing outstanding technology providers in the global hotel industry. Each year over 2.5 million hotel industry professionals use HotelTechReport.com to make informed technology purchasing decisions. The HotelTechAwards determine the best hotel software products across every category based on customer feedback and key proprietary data signals such as integration compatibility, organizational health, market share, partner network strength, and customer support quality.

    “Some hotel tech companies have mastered working with smaller properties while others have been outstanding partners for large enterprise and corporate hospitality,” said Jordan Hollander, CEO of Hotel Tech Report. “Lighthouse is a rare breed of company truly in a league of its own with thousands of hoteliers raving about the product on our platform from across the globe and even more impressively from small independents all the way to large corporate chains. Lighthouse masterfully delivers a rapid pace of innovation while maintaining top tier customer support levels all packaged in an easy to use and easy to understand user interface.”

    Experience the power of Lighthouse today. Sign up for a demo of the Lighthouse platform here.

    About Lighthouse

    Lighthouse (formerly OTA Insight) is the leading commercial platform for the travel & hospitality industry. We transform complexity into confidence by providing actionable market insights, business intelligence, and pricing tools that maximize revenue growth. We continually innovate to deliver the best platform for hospitality professionals to price more effectively, measure performance more efficiently, and understand the market in new ways.

    Trusted by over 65,000 hotels in 185 countries, Lighthouse is the only solution that provides real-time hotel and short-term rental data in a single platform. We strive to deliver the best possible experience with unmatched customer service. We consider our clients as true partners—their success is our success.

    About Hotel Tech Report

    HotelTechReport.com is the hotel industry’s leading online research platform for technology buying advice and insights. Each month HTR helps more than 250k+ hotel owners and operators from the world’s leading hotel companies discover and vet the best digital products to run and grow their hotel businesses.

    Source: Lighthouse

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  • OTA Insight Rebrands as Lighthouse to Illuminate New Capabilities and Launch of a Unified Commercial Platform

    OTA Insight Rebrands as Lighthouse to Illuminate New Capabilities and Launch of a Unified Commercial Platform

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    The global leader in cloud-based market intelligence for the travel & hospitality industry, is now Lighthouse.

    • Strategic shift unifies multiple company brands under a single Lighthouse brand, improving customer service and communications.
    • Platform updates improve user experience, ease of use, and access to additional data.
    • Unified platform serves 65,000 hotels across 185 countries, along with short-term rental data covering over 19 million short-term rental properties.

    OTA Insight, the global leader in cloud-based market intelligence for the travel & hospitality industry, has rebranded to Lighthouse. The rebrand consolidates multiple products and acquired companies into a single, unified commercial platform. This shift marks a significant milestone in the company’s continued evolution as a unified platform that fundamentally reimagines commercial strategy for the travel and hospitality industry.

    The name Lighthouse was chosen to symbolize the company’s role in illuminating insights, transforming confusion into clarity, and enabling confident decision making. “Our capabilities and vision have outgrown the OTA Insight name,” said Sean Fitzpatrick, CEO. “As Lighthouse, we bring the most accurate, real-time data from multiple sources into a single platform, process that data using the latest AI and machine learning techniques, and complement it with amazing customer service. We listen to our customers and continuously innovate to deliver straightforward, intuitive tools that save time, boost revenue, and remain user-friendly.”

    The enhanced Lighthouse platform introduces new business intelligence capabilities, new short-term rental insights, and a new look and feel to enhance the user experience for commercial decision makers. Data from strategic acquisitions, including Transparent and Kriya RevGen, is now seamlessly integrated into the Lighthouse platform. 

    Core Lighthouse products and capabilities include:

    • Rate Insight: Rate shopping and competitive price intelligence for both hotels and short-term rentals
    • Market Insight: Forward-looking market demand monitoring to improve forecasting, room price setting, and marketing strategies
    • Benchmark Insight: Performance benchmarking with market, category, and competitor  intelligence
    • Parity Insight: Performance management tools to measure room price parity across a multitude of distribution channels
    • Business Intelligence (BI): BI solutions for single-property, multi-property and multi-brand portfolio revenue managers
    • Pricing Assistant: AI-powered room price recommendations with automated workflows 
    • Distribution Insight: API monitoring and analytics to measure and optimize distribution performance
    • Destination Insight: Supply and demand analytics for DMOs, hotels and short-term rentals
    • Hotel Data Solutions: Tool sets to access the largest and most accurate hotel and short-term rental data set in the industry

    “Our brand promise has always been to listen to our customers, continually innovate based on the latest technologies, and deliver the best customer service in the industry. We have a new name, and new capabilities, but our core values remain the same,” said Fitzpatrick. “Lighthouse reflects not only who we are today, but where we are headed in the future.”

    Lighthouse currently serves hoteliers across 185 countries. The company’s platform is built on data sets covering over 725,000 hotels and 19 million short-term rental properties globally. Revenue and hospitality professionals, destination marketing organizations, asset managers, and short-term rental professionals all rely on Lighthouse to make decisions with confidence. 

    In conjunction with the brand update, Lighthouse has also launched a new official company website. To learn more and explore the new site, visit www.mylighthouse.com.

    About Lighthouse

    Lighthouse (formerly OTA Insight) is the leading commercial platform for the travel & hospitality industry. We transform complexity into confidence by providing actionable market insights, business intelligence, and pricing tools that maximize revenue growth.

    We continually innovate to deliver the best platform for hospitality professionals to price more effectively, measure performance more efficiently, and understand the market in new ways. 

    Trusted by over 65,000 hotels in 185 countries, Lighthouse is the only solution that provides real-time hotel and short-term rental data in a single platform. We strive to deliver the best possible experience with unmatched customer service. We consider our clients as true partners — their success is our success. 

    Source: Lighthouse (formerly OTA Insight)

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  • Travel, hospitality and restaurant industry witnesses a 9 per cent increase in credit deployment in July 2023: RBI data

    Travel, hospitality and restaurant industry witnesses a 9 per cent increase in credit deployment in July 2023: RBI data

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    India’s travel, hospitality, and restaurant sectors are witnessing a significant resurgence, with credit deployment surging to ₹70,952 crore, a remarkable increase from the previous figure of ₹65,089 crore, as of July 2023, as reported by the Reserve Bank of India (RBI). This 9 per cent year-on-year rise indicates a promising revival for these industries which were hit hard by the Covid-19 pandemic.

    Jyoti Mayal, President of the Travel Agents Association of India (TAAI), attributes the remarkable increase in credit deployment to the Emergency Credit Line Guarantee Scheme 3.0 (ECLGS), introduced by the Finance Ministry in February 2020. This scheme played a crucial role in keeping the sector afloat and reducing financial stress.

    The combined travel and hospitality market in India is poised for impressive growth, with a projected Compound Annual Growth Rate (CAGR) of 14 per cent from the current ₹3,89,000 crore in FY23. Specifically, India’s domestic hotel market, valued at ₹88,000 crore in FY23, is anticipated to expand by 13 per cent in FY24, reaching ₹1,00,000 crore. However, passenger traffic and rented hotel room nights in all four travel categories remain lower in FY23 compared to FY20, reflecting the lingering impact of the pandemic on travel patterns.

    Bullish sentiments

    Virendra Jain, co-founder and CEO at VIDEC, attributes the surge in credit demand within the hotel sector to bullish sentiments prevailing in India’s travel, tourism, and hospitality industry. Factors contributing to this growth include higher Average Daily Rates (ADRs) and occupancies, driven by robust consumer demand and a healthy influx of inbound tourists. A significant portion of the investment in the hotel industry is dedicated to expanding existing hotel chains and rebuilding the room supply that eroded during the pandemic, particularly for independent hotels.

    In FY23, India had an estimated total room supply of 2 million rooms. This supply included approximately 1,75,000 rooms from branded chains such as Taj Hotels, Marriott, Accor, and ITC Hotels, as well as around 2,00,000 rooms from branded budget chains like OYO, Fab, and Treebo. This surge in supply reflects a wave of investments pouring into the sector.

    Industry insiders are optimistic about the future, expecting continued growth in credit deployment within these sectors. VIDEC’s data predicts that the Indian travel market as a whole will reach ₹5,79,000 crore by FY26. Moreover, the Indian hotel market, spanning domestic, inbound, and outbound segments, saw a remarkable leap from ₹539 billion in FY22 to ₹993 billion in FY23, an 84 per cent increase. Projections indicate that it will rise to ₹1,475 billion by FY26, growing at an impressive CAGR of 14.1 per cent from FY23 to FY26.

    Restaurant segment to witness growth

    The restaurant industry, which also faced severe challenges during the pandemic, is undergoing a challenging recovery process. Experts within the industry assert that credit deployment was essential to help these businesses stay afloat, and consequently, seeking funding from banks was a viable option.

    In line with these positive trends, the restaurant industry is also set for substantial growth. The National Restaurant Association of India (NRAI) forecasts a Compound Annual Growth Rate (CAGR) of 10 per cent from 2021 to 2025. The top five players in the domestic Quick Service Restaurant (QSR) industry are expected to add approximately 2,300 stores between FY2023 and FY2025, according to an ICRA report. The estimated capital expenditure (capex) for this period is around ₹5,800 crore, double the pre-Covid levels, highlighting the industry’s robust recovery and expansion.

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  • How Experiential Dining Embodies Trend Capitalization and Unforgettable Customer Experiences | Entrepreneur

    How Experiential Dining Embodies Trend Capitalization and Unforgettable Customer Experiences | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    As more and more restaurants open, the need for differentiation becomes more pressing. Experiential dining has become a way for restaurateurs to break away from the constraints of traditional dining and create the unique themes, experiences and culinary adventures that customers crave.

    As customers demand more from their night out, experiential dining is quickly becoming a significant contender in the culinary world.

    A twist on dining out

    Experiential dining goes beyond traditional dining concepts by incorporating multisensory experiences into the mix. It’s a unique and memorable experience that aims to challenge the usual expectations of dining through innovative menus, sensory-focused dining, thematic decor, theatrical elements, unique locations and activities. This type of dining offers a truly immersive experience that engages all the senses and creates unforgettable moments.

    Experiential dining has been around for a long time, but it has gained renewed interest in recent years due to the growing competition in the hospitality industry and the popularity of pop-up restaurants. As a result, restaurateurs recognize the importance of offering unique dining experiences to meet the demand of modern diners. According to Eventbrite, 75% of diners are willing to pay more for a one-of-a-kind dining experience. Customers are seeking more than just a delicious meal and are looking for a memorable location (76%), a surprising menu or theme (84%) and a truly unique experience (74%). This growing trend has spurred restaurants to be more creative and opened the door for new ideas.

    Related: Dave and Buster’s Proves Experiential Dining Demand is Strong

    From speakeasy to multisensory experiences

    Experiential dining can be almost anything. While there isn’t one exact definition to encompass all types of experiences, there are some common themes that overlap among popular experiential restaurants.

    Take Atomix NYC, for example. The James Beard Award-winning restaurant is a fine dining restaurant focusing on the details and the experience. Upon arrival, guests can visit the sophisticated ground-floor cocktail bar or the skylit lounge area for pre-dinner drinks and snacks. Next, guests can find their seats at an intimate U-shaped counter surrounding the open kitchen located in the dramatic basement space. Before the first of the ten courses is served, guests get to select their own chopsticks from an artisan collection. Guests get a welcome card and menu cards with detailed information on the dish’s ingredients and origins and the inspiration behind them.

    Experiential dining isn’t just limited to fine dining. Cafes such as Meomi Cat Cafe have taken the concept of enjoying a cup of coffee to new heights by incorporating furry friends into the experience. These themed cafes, known as cat cafes, center around actual cats. The cafes have resident felines that nap, roam, and dine in the same space as customers, allowing guests to interact and play with them.

    Other examples of experiential dining include:

    • Multisensory fine dining experiences
    • Themed restaurant
    • Pop-up restaurants
    • Interactive or theatrical dining experiences
    • Game bars and restaurants
    • Speakeasy bars

    Related: 3 Sustainability Trends Driving Change in the Food and Nutrition Industry

    Using technology to create memorable experiences

    Technology can be your greatest ally in elevating your dining experience. Point-of-sale software with advanced analytics capabilities can be used to create memorable experiences for each customer. By using customer data, such as past orders and preferences, restaurants can create customized menus for their guests. By using data and insights alone, experiential restaurants can create a completely different experience for repeat guests and create menus that revolve entirely around the customer. For experiential restaurants, this could be key in redefining what it means to eat out and how far personalization can go.

    Related: 6 Technology Trends Redefining the Hospitality Industry

    Elevating your restaurant through innovation

    Creativity and innovation are two major building blocks of the hospitality industry. To leave a lasting impression on existing customers or attract new ones, restaurants must capitalize on those details that set them apart from the competition. How can your restaurant take it to the next level? Experiential dining keeps the industry on its toes and brings something new to the table. Whether you run a bar, restaurant or coffee shop, ask yourself how your restaurant creates a memorable experience?

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    Peter Dougherty

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  • OTA Insight Strengthens Leadership Team, Appoints Vivek Bhogaraju as COO to Drive Strategic Growth

    OTA Insight Strengthens Leadership Team, Appoints Vivek Bhogaraju as COO to Drive Strategic Growth

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    Executive leader brings a strong track record of innovation, partnerships, and scaling teams & commercial platforms in travel.

    OTA Insight, the global leader in cloud-based hospitality business intelligence, today announced the appointment of Vivek Bhogaraju as its new Chief Operating Officer.

    With more than two decades of experience in the travel & technology industry, Vivek has a proven track record of delivering operational excellence and driving business growth. Most recently, he served as General Manager of Revenue Performance Solutions at Expedia Group, where he was responsible for the strategy & execution of Expedia Group’s revenue management offerings for the hotel and short-term rental line of businesses.

    As OTA Insight’s Chief Operating Officer, Vivek will spearhead strategic planning, internal operations, M&A, partnerships, and help to scale the company’s acquired businesses. Vivek will also work closely with OTA Insight’s leadership team to drive the execution of the company’s strategic vision, and empower the team to continue delivering innovative solutions that help hoteliers and short-term rental providers grow revenue and drive profitability.

    “I am thrilled to join OTA Insight and work alongside such a talented, driven and dedicated team,” said Vivek. “With the travel industry rapidly transforming, and seeking commercial resilience amid market, pricing & demand uncertainties, I believe OTA Insight is uniquely positioned to help hotels & short-term rentals navigate these challenges. I look forward to partnering with the Transparent Intelligence, Kriya RevGEN, Triometric Solutions & OTA Insight teams & contributing to the continued  growth and success of our customers.”

    OTA Insight CEO Sean Fitzpatrick said, “Vivek’s humility as a leader along with his passion for delivering innovative products and world-class customer service make him a perfect fit for our team. His extensive experience in strategy, travel technology and operations make him the ideal candidate to help lead and scale OTA Insight into the future. We’re excited to welcome him and look forward to his contributions in driving growth and delivering value to our customers.”

    This announcement comes shortly after OTA Insight took top honors in the prestigious 2023 Hotel Tech Report Awards for the third consecutive year, reinforcing the company’s unwavering commitment to providing best-in-class data solutions. The company was awarded first place in the following categories:

    • Rate Insight (Best Rate Shopping & Market Intelligence)
    • Parity Insight (Best Hotel Rate Parity)
    • Revenue Insight (Best Business Intelligence)

    About OTA Insight
    OTA Insight empowers hoteliers to deliver smarter revenue, distribution and marketing outcomes through its market-leading commercial platform. OTA Insight’s international experts support more than 60,000 properties in 185 countries. Winner of Best Rate Shopping & Market Intelligence Solution, Parity Management Software and Business Intelligence categories in the 2021, 2022 and 2023 HotelTechAwards, OTA Insight is recognized as a leader in hospitality business intelligence.

    Source: OTA Insight

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  • Spiff Up Your Wardrobe With The Latest Hotel Perk From Cambria Hotels

    Spiff Up Your Wardrobe With The Latest Hotel Perk From Cambria Hotels

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    Cambria Hotels, part of the Choice Hotels Group, is fresh off its heels with a new marketing effort that may just put a new spring in your step!

    The growing hotel brand just launched the “Cambria Hotels Thread Collection,” a series of socks designed by local artists to reflect the communities, and deliver a “sense of place,” where it has hotels. This is meant to be yet another way to showcase a bit of the destination while also providing the opportunity for guests to take home something reflective of the where they stayed.

    It’s a win-win for both the hotel brand and some of the more than 60 local communities where it has hotels.

    The upscale brand, part of the Choice Hotels Group, places a strong emphasis on showcasing the local destinations of its properties. Through interior design and locally sourced restaurant and bar menus, these hotels pep up travel for road warriors and leisure visitors by giving them some regional flair.

    “At Cambria hotels, we strive to uplift the voices and local businesses in the communities where we are located. By offering our guests a sense of place—from on-site offerings like menus featuring native ingredients and locally crafted beers, to special design touches that speak to the history of the destination, to a pair of destination-inspired socks—we’re able to provide experiences that transcend the walls of our hotels,” says Janis Cannon, senior vice president, upscale brands, Choice Hotels.

    The first three socks in the collection represent three of its newer hotels: the Cambria Hotel Portland Downtown Old Port, Cambria Hotel Columbia Downtown The Vista, and Cambria Hotel Downtown Phoenix Convention Center. The original artwork on each pair of socks is reflective of the community.

    The Columbia, S.C. hotel tapped young designer Ija Charles , a self-taught artist and entrepreneur, to create the look. She is known around the South Carolina capital for her large-scale murals. Heather Freitas created artwork that reflects the “Arizona skies” in her sock design. She often uses recycled materials to explore feelings of human emotion and environmental issues in her other artwork.

    Portland, Maine visitors can enjoy a design from Mexico City-born multimedia designer Pam Chavez, who currently resides in Portland. She enjoys spending time in the outdoors, and brings appreciation for her Latinx heritage and love for nature into her work.

    Each Cambria Hotel is unique in its design to show a local sense of place while offering familiar amenities like lobby lounges with local craft beer and spa-inspired bathrooms with Bluetooth-compatible mirrors. Hotels have modern amenities like fitness centers and restaurants, but take things a step further by tapping interior designers to weave in a local story into each property.

    Cambria participates in the Choice Privileges loyalty program, and this fall, members can earn bonus points when staying with any of its participating brands.

    Earlier this year, Choice acquired Radisson Hotels Americas, adding nine brands to its collection. This helps to broaden the scope of hotel brands, price points and redemption opportunities for loyalty program members.

    The socks are still in a first-launch stage, but will soon be available at more hotels in the coming year.

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    Ramsey Qubein, Contributor

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  • OTA Insight Launches the Overview Homepage; an Industry-First Commercial Hub for Hoteliers to Plan, Monitor and Execute on Key Decisions

    OTA Insight Launches the Overview Homepage; an Industry-First Commercial Hub for Hoteliers to Plan, Monitor and Execute on Key Decisions

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    Press Release


    May 19, 2022

    OTA Insight, the global leader in cloud-based hospitality business intelligence, announced today the launch of the Overview, the only solution on the hotel market that consolidates and tracks key commercial metrics in one singular view. The Overview delivers an actionable snapshot of overall performance, including: distribution health per channel, price competitiveness, events and holidays, market demand, OTB data vs. market, pick-up, ADR, and revenue. Additionally, the Overview provides a customisable alert feed of relevant metrics for commercial teams to drive team efficiency and performance.

    Hotel commercial teams have all felt the impact of the pandemic first-hand. Rising costs, fewer workers and increased competition have pushed the industry to adopt new technologies that help drive commercial growth. In shifting market conditions, accurate data is needed to face the challenges of tomorrow. However, analysing hotel performance can be time-consuming, leaving little time for strategic initiatives and decision-making. 

    It has also become clear that revenue management, marketing, sales and distribution teams can no longer work independently of each other. The pandemic has broken down silos that previously separated business units. With staff required to do more with less, all commercial teams must pull in the same direction and collaborate across shared data points to inform strategy. Now with the Overview, hoteliers can quickly and easily react, adjust and regain forward momentum in today’s fast-paced market landscape.

    The Overview gives you all the data needed in one single platform and helps save time with:

    • Commercial metrics at a glance – dynamic platform tracks key insights into revenue, distribution and market performance.
    • Alert feed – keeps teams on top of important changes, enabling them to spot and act on opportunities more efficiently and effectively.
    • Personalised settings – flexible settings, with customised alerts.
    • Collaborate with ease – improve operational efficiency by sharing insights across teams. The Overview provides snapshots of performance to make it easy to align teams with key data points.
    • Organise your work – dynamic lists help track important days and add notes for reminders.

    “We’ve heard loud and clear from our hotel partners that they no longer have the time and resources to stay on top of their commercial strategy. That’s why we created the Overview, featuring a unique set of features specifically designed to streamline a hotel’s commercial function,” said Nadine Böttcher, Head of Innovation at OTA Insight. “I’m thrilled to bring the Overview to market. As demand rebounds and competition increases, a data-driven commercial strategy is the key pillar to healthy and profitable growth, and we believe the Overview is a key part of this mix.”

    The Overview is included free for Rate Insight subscriptions and most combinations of product subscriptions. The Overview ties key insights of each product together, consolidating all information in a dynamic platform to guide users to quickly take appropriate action when and where it is needed.

    “The Overview is a quick and easy way to start my day with a snapshot of the most important items. I am able to set key dates and action alert items right away. It also brings together the metrics I need into one place, so I no longer spend so much time moving back and forth between systems,” said Jonathan Cachan, Director of Strategic Development at Astotel. “The Overview brings so much more efficiency into all the roles within hotels; whether you are in revenue, sales, marketing, operations or even in a position where you just need a bird’s eye view of business.” 

    To learn more about the Overview, visit: https://otai.co/3FLYV8A

    Media Contact, Adam Swart. Email: adam@otainsight.com

    Source: OTA Insight

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