10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us

123Compare.me shares steady OTA gains in…

  • Kate Harden-England
  • 23 August 2024
  • 1 minute read
Total
0
Shares
0
0
0

This article was written by Travolution. Click here to read the original article

image

123Compare.me, the company behind the World Parity Monitor, has revealed the results from the World Parity Monitor report for July, 2024.

It found that there was improved parity for Major OTAs with many, including Expedia Group and Booking.com, have maintained stable or improved direct price parity with properties.

Still, some minor OTA such as Reserving, have seen a 5-point increase in price disparities compared to the previous waves. 

This increase is due to more cases where prices match the hotels’ direct rates (Meet) rather than being lower (Beat). 

The data showed there was a slight improvement with 1.5% of total disparity cases shifting to ‘Beat’ cases. 

This positive trend was also observed in the previous wave of June, where there was an overall increase of 4 points towards positive parity performance.

The Lead time trend remains stable with no significant movement in price disparity. However, there are minor shifts between ‘Meet’ and ‘Lose’ categories. 

Long-term bookings are performing better in the ‘Beat’ category. The autumn-winter strategy is not yet fully implemented, as current demand is focused on summer, with winter trips not yet prominent on users’ horizons.

The performance in Destinations shows slight changes, mostly between ‘Meet’ and ‘Lose’ categories. 

Notably, Palma de Mallorca and Frankfurt am Main are improving their ‘Beat’ performance by reducing ‘Lose’ cases. 

Briefs: Marriott, MGM Resorts to open W Las Vegas; Capella’s luxury homes in South Korea
Trending
Briefs: Marriott, MGM Resorts to open W Las Vegas; Capella’s luxury homes in South Korea

Palma de Mallorca gained 10 points in the ‘Beat’ category by effectively managing price distribution, which led to a reduction in ‘Lose’ cases. 

Frankfurt am Main saw a 12 point increase in ‘Beat’ cases by also decreasing ‘Lose’ instances.

Overall, compared to the June analysis, destination performance remains stable with minimal changes observed.

Please click here to access the full original article.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
You should like too
View Post
  • Market Trends

SpotOn Unveils Operator-First AI Vision to Drive Profitability and Simplicity in Restaurant Tech

  • Automatic
  • 12 May 2025
View Post
  • Market Trends

$480M Hotel Investment Shift: Revenue Tech Overtakes PMS for the First Time

  • Automatic
  • 12 May 2025
View Post
  • Market Trends

CBRE: Commercial Real Estate Lending Increased in Q1 2025

  • LODGING Staff
  • 12 May 2025
View Post
  • Market Trends

Tempo by Hilton Nashville Midtown Celebrates Topping Out Milestone

  • LODGING Staff
  • 12 May 2025
View Post
  • Market Trends

Spring vacations 2025: the rite of the French hotel industry

  • m.welsch
  • 9 May 2025
View Post
  • Market Trends

What 80 Years of Hotel Performance Tells Us About 2025’s Biggest Challenges – Robert Mandelbaum

  • Josiah Mackenzie
  • 9 May 2025
View Post
  • Market Trends

Nearly 10m passengers booked ATOL protected…

  • Travel Weekly Group Ltd
  • 9 May 2025
View Post
  • Market Trends

To your health: Hilton’s wellness leader on what travelers are looking for on vacation and why health is top of mind

  • David Eisen
  • 8 May 2025
Sponsored Posts
  • The RFP Process for Hotel PMS

    View Post
  • Top hospitality tech trends from Mews Unfold 2024

    View Post
  • Getting Started with AI: A Step-by-Step Guide for Hoteliers

    View Post
Last Posts
  • Travel Media Group Celebrates 2 Million Guest Reviews Responded To
    • 14 May 2025
  • Hospitality Net’s Recap: Insights from Mews Unfold 2025
    • 14 May 2025
  • Reminder: Global Study on AI & Automation in Hospitality – What’s Your Take?
    • 14 May 2025
  • Open Innovation Through a Student’s Lens: Why Collaboration and Curiosity matter more than ever
    • 14 May 2025
  • Wyndham and Le Park Concord to Launch 100 Super 8® Hotels Across Saudi Arabia in Landmark 10-Year Deal
    • 14 May 2025
Sponsors
  • The RFP Process for Hotel PMS
  • Top hospitality tech trends from Mews Unfold 2024
  • Getting Started with AI: A Step-by-Step Guide for Hoteliers
Contact informations

contact@10minutes.news

Advertise with us
Contact Marjolaine to learn more: marjolaine@wearepragmatik.com
Press release
pr@10minutes.news
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
  • 📰 Columns
  • About us
Discover the best of international hotel news. Categorized, and sign-up to the newsletter

Input your search keywords and press Enter.