Industry News

Global hotel operator joins the hostel industry

Global powerhouse hotel operator Accor has launched a new brand “Jo & Joe”, which  “blends the best of private-rental, hostel and hotel formats”. Blurring the lines between hotel and hostel is fast becoming the fashion, with hybrid hotel / hostel groups Meininger in Europe and Freehand across the USA having successful business operations. Hostels for… 

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Booking (dot) com & Expedia relax rate parity rules

Online Bookings systems Expedia and Booking.com to relax rate parity in Australia Global powerhouse OTA’s Booking.com and Expedia have recently written to their hotel and hostel clients advising of changes to the terms and conditions of their agreements. These agreements are now falling into line with other Online Bookings systems across parts of the world. These… 

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Hostels - the new destination for business travelers?

Hostels, Poshtels, Flashpackers or Lifestyle Hotel? Hostelworld, the world’s largest hostel booking engine, reports that 9.3 percent of hostels bookings are made by travellers age 41 and up, with 20 percent are between 31 and 40 years old. Paul Halpenny, Group Director of Supply at Hostelworld remarks: “The industry has changed hugely in the six… 

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Euro Hostels Liverpool gets boutique makeover

EuroHostel Liverpool was opened with great fanfare as Hoax Liverpool in 2013, has recently undergone a massive refurbishment by it’s new operating parent company Euro Hostels. Located in the Wade Smith building, this former clothing store in Liverpool’s infamous Cavern Quarter, Euro Hostels has taken the opportunity to take the hostel and turn it into… 

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Benefiting from luxury spending of Chinese millennials

The following article appeared originally in the “The Nation”, a Thai based news organisation. Penned by the CEO of the Bangkok Bank, Suwatchai Songwanich, the article outlines how Thai business directly can easily benefit from targeting Chinese millennials as they travel across Asia and into Thailand. The Chinese age group 18-29 are reportedly the biggest… 

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3 OTA's take 92% of EU Online Hotel Bookings - Survey Says

A recent European survey has revealed some incredible data in the hotel accommodation sector. HOTREC, the umbrella association of national trade associations representing hotels, restaurants and cafes across Europe, has released some eye-opening figures from a study involving 2000 hoteliers. The summary of the report suggests: 1 out of every 4 overnight bookings were made via an… 

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Why GM's care about Revenue Management

There is a definite science to the business of revenue management. The science is in the raw data of actual availability, actual pace of bookings, and daily pickups, cost of the sale and the cost of selling that extra room. Balancing the best level of occupancy vs the cost of selling the last few rooms. Does a… 

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OTA's not slowing down global growth

Our friends over at Duetto Research have penned this great article about how despite the best paid plans of the world’s hotels and hotel groups, the trend of OTA bookings is non stop. The article highlights a few key and clear points, all back up by industry research, information and opinion: Online digital travel sales… 

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Interview with Hostelworld CEO, Feargal Mooney

The team from Skift recently interviewed Feargal Mooney from Hostelworld. Feargal joined Hostelworld back in 2002 as COO – and since the company has floated in the London and Dublin stock exchange has been integral in changing and adapting the company’s strategic direction as CEO. GuestCentrix has offered a  direct interface to Hostelworld for several… 

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Poshtels vs Hostels vs Budget Hotels...

Many in the hostel industry are not in favour of the label, but the word “Poshtel” is beginning to stick. The team here at GuestCentrix are fielding more and more calls from properties wanting a hostel software solution for their upmarket hostel, or “Poshtel”. This article penned from USA Today perfectly outlines where traditional hostels… 

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