Industry News

Independent Hotels can beat OTA's using Real Time Data

To an independent hotelier, the phrase “big data” might be something that causes confusion, or perhaps it’s simply met with a shrug. It’s fair to say that in terms of hotel revenue generation, big data has largely become the domain of the OTAs. By monitoring browsing and purchasing habits across the web, OTAs have been… 

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Stay Focused On Driving Revenue, Not Forecast Accuracy

From our friends over at Duetto – some insights into revenue management, making sure resources are used in chasing the correct rate for the day and driving revenue and not such an importance in “perfect” forecasting. GuestCentrix connects to both iDeaS and soon connecting to Duetto for an elevated revenue management solution. http://duettoresearch.com/stay-focused-on-driving-revenue-not-forecast-accuracy/

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Boutique hostels with little luxuries lead to ‘flashpacking’ trend in Australia

It’s really nice to see the mainstream press write a wonderful article supporting the backpacking and hostel industry. There are some really fantastic operators in the “flashpacking” or “glampacking” sector (as christened by the media!). Brilliant of course to see these operators in Rambutan and YHA being GuestCentrix business partners. Boutique hostels with little luxuries… 

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Hostels "Meet the Investors and Lenders"

At the recent Hostels and Budget Traveler Conference held in London recently, one of the sessions discussed investment possibilities and opportunities in the hostel sector. There have been several large equity companies who have essentially “dropped their little toe in the water” to gauge the temperature of the industry. The corporate bankers who took part… 

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