CoStar Group Launches the Next Generation of STR
CoStar Group | May 3, 2023
WASHINGTON -- CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, announced today the launch of STR Benchmarking, a transformational market share product for the global hotel industry. STR Benchmarking represents the next generation of STR, with the company’s hotel data benchmarking, analytics and marketplace insights integrated into CoStar’s industry-leading information, analytics, and data-driven news platform. Acquired by CoStar Group in 2019, STR is the leader in the hotel benchmarking space with a sample of 77,000 partici...
UrVenue Launches UV Enterprise, the Hospitality Industry’s First PXMS
UrVenue | October 11, 2022
New Property Experience Management System (PXMS) combats the fractured booking journey by enabling hotel guests to book all available experiences in a unified booking cart LAS VEGAS, Nev., October 11, 2022 — UrVenue is pleased to announce the launch of UV Enterprise, the next generation of its platform to monetize and manage experience-based inventory across an entire property. Just like a property-management system (PMS) which manages an entire property’s room inventory, UV Enterprise, the hospitality industry’s first official Property Experience Management System (PXMS), is a full-stack technology platform that provides hospital...
Golden Nugget Leverages Knowland to Prospect for New Business
Knowland | October 28, 2020
Iconic Vegas hotel and casino turns to industry leader for intelligence-driven search and analytics to save time, gain competitive edge and increase revenue ARLINGTON, Va. — Oct. 28, 2020—Knowland, the leader in group hospitality analytics for hotels, convention and visitor bureaus, conference centers and other meeting venues, announced today that Las Vegas hotel and casino, the Golden Nugget, has leveraged Knowland’s historical database of actualized events to amplify its group sales and prioritize leads. The Golden Nugget, an iconic landmark casino and hotel, is located in the heart of the Vegas action, boasting 37,000 square fe...
How Operational Efficiency Leads to Optimal Profitability
HotStats | October 22, 2020
In the hotel industry, the deeper decision-makers can drill down into departmental figures, the easier it is to generate revenue, chisel away at unnecessary costs and post a healthy profit. Simply put, the best decisions are driven by in-depth analysis of departmental revenue and operational costs. Sound like too much work? Analyzing these critical figures and unlocking higher profits may be easier than you think. Is the Hotel Industry Measuring Revenue Wrong? First, why is it important to measure departmental metrics? The answer is clear when you look at what most leaders in the hotel industry are doing wrong. The...
Live Survey Reveals 50 Percent of Hotels Not Planning to Close Properties Due to COVID-19
Knowland | March 27, 2020
Leading group hospitality analytics firm, Knowland, conducts webinar to inform hoteliers on best practices during a time of crisis, with a focus on key recovery strategies ARLINGTON, Va. — March 27, 2020—Knowland, the leader in group hospitality analytics for hotels, convention and visitor bureaus, conference centers and other meeting venues, announced today the results of a live survey of more than 700 hoteliers conducted during its informative webinar “COVID-19 Preparing Today for Success Tomorrow.” Knowland’s VP of product management, Kristi White provided insight and guidance during a webinar held on March 25, 2020 and is ava...
Pegasus & Travel Tripper Expand Reach and Capabilities of Powerful Analytics Platform for Hoteliers
TRAVEL TRIPPER & PEGASUS | September 4, 2019
(NEW YORK) - September 4, 2019 — Pegasus & Travel Tripper, a leading hotel technology provider, is now offering its proprietary Distribution Analytics platform to all customers using RezTrip CRS and booking engine, providing enhanced data discovery capabilities to the entire company’s customer base. Pegasus Analytics, which launched in 2018 prior to the merging of the two companies, is a premier business intelligence platform designed for multi-dimensional data discovery, allowing hoteliers to explore their data in detail using rich, interactive visualizations. The analytics platform aggregates data from multiple sources, including...
The Future of Revenue Management Is Not What It Used to Be
Dr.Gabor Forgacs | October 11, 2018
By Dr.Gabor Forgacs Not too long ago we thought the future of Revenue Management would be more data; faster processing capability; more revenue streams optimized; and more properties managed by one revenue professional. Now that the second decade of the 21st century is nearing its final year we can see that the "more" and "faster" will give way to something slightly different. How We Got Here The revenue profession in the hotel industry has grown up: there are revenue analysts, revenue managers, directors of revenue, even vice presidents and other executives – it is fair to say the revenue profession is emerging as a champion of p...
Knowledge is Power: Lessons in Analytics from Expedia’s ‘Fail-Fast’ Culture
EyeforTravel | January 24, 2014
Knowing your customer better than the competition means more bang for your marketing dollar. In the highly competitive online travel sector, understanding what influences a transaction is essential to success. Expedia, which prides itself on being a data-driven organisation with a strong analytics culture, understands this only too well. It has put in place the necessary infrastructure and resources to be able to unearth consumer insights, and chart the customer journey by user segment. The aim being: to reach travellers with the right message at the right time. According to Ameya Karvir, director, analytics, Expedia, who is scheduled t...
Appointments/People on the Move
All Things Independent
Ulrich Schwer Appointed General Manager of Hotel de Rome, Berlin
STR: U.S. Hotel Results for Week Ending 3 June
Nothing Is Free, Even Free Shipping
Hard Rock Hotel & Casino Ottawa Celebrates Groundbreaking
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