A recent article on the Nasdaq website called 'How Blockchains Are Changing the Hotel Industry' claims that blockchain-based platforms 'offer promising solutions' to particular areas of difficulty in the hospitality industry, including blockchain-based hotel booking platforms. Before we jump on analyzing blockchain technologys impact on hospitality, lets quickly review what this new technology and some of its more popular applications are all about.
ISHC WorldView revealed that 69% of members surveyed believe the appeal of timeshare is diminishing. With Airbnb.com now allowing hotel listings through 3rd party distribution platforms, its clear the sharing economy hasnt stopped evolving to increase their piece of the pie.
Travel payment is going virtual, ride-sharing is overwhelmingly allowed in business travel and gamification is not catching on, according to new research released today by the Global Business Travel Association (GBTA), in partnership with AirPlus International.
When analyzing the performance of the extended-stay hotel segment, we see a difference in the performance of the upper-priced properties in this segment versus the moderate-priced properties. Since 2010, moderate-priced extended-stay hotels have shown greater gains in revenues and profits. However, upper-priced extended-stay hotels continue to achieve premiums in occupancy, ADR, revenues, and profits.