10minhotel - 10 Minutes News for Hoteliers - Page 31

2 min

LodgIQ Appoints Vincent Ramelli as CEO to Spearhead Global Expansion

🏨 Vincent Ramelli appointed as the new CEO of LodgIQ, a Silicon Valley-based AI revenue management platform for hospitality, on February 4th, 2025. Ramelli, with a history of scaling businesses, focuses on global expansion and user-friendly solutions for hoteliers. LodgIQ, already serving over 550 hotels, is set to grow under his leadership, meeting the demand for data-driven management in the dynamically evolving hospitality industry. For more details, visit https://lodgiq.com/.

3 min

SHR tackles hotel ‘cart abandonment’with Embedded Booking Engine

💾 Houston, TX-based hotel technology specialist SHR launched its new embedded booking engine on January 29, 2025, aiming to reduce booking abandonment, which occurs 78.3% of the time in the hotel industry, with a higher rate on mobile (85.6%) compared to desktop (73.1%). The EBE features advanced personalization, multi-property search, real-time updates, and upselling options. Direct bookings are expected to surpass OTA bookings by 2030. SHR, founded in 2004, serves over 2,000 hoteliers globally.

2 min

IDeaS and Benchmarking Alliance Announce Technology Integration Partnership

💹 STOCKHOLM—28 January 2025—IDeaS, a SAS company and leader in hospitality revenue management software, partners with Benchmarking Alliance, a competitor benchmarking data provider for the hospitality industry. The integration offers daily data from over 2,000 hotels in the Nordic region, aiding hoteliers with market intelligence for improved pricing strategies. Benefits include viewing Benchmarking Alliance data in IDeaS solutions, advanced market intelligence, and real-time market trend identification.

3 min

The hidden cost of rate disparity: OTAs undercutting hotels responsible for 50% rise in Cost Per Click (CPC)

💸 Houston TX, January 15, 2025 — Hotels allowing OTAs to undercut their rates pay 50% more for PPC leads, with average PPC costs 47% higher per click at $0.97 compared to $0.66 when offering the lowest rates themselves, according to SHR's analysis of 27 million CPC impressions. Rate parity still results in a 35.9% increase in CPC costs at $0.89. Direct bookings are expected to surpass OTA bookings by 2030, signaling a shift in hotel digital strategy. SHR, established in 2004, provides technology and services to over 2,000 hotels globally.

3 min

Click&Flat partners with Minut to promote neighborly harmony with short-term rentals in Barcelona

🏡 Barcelona-based tourist rental agency Click&Flat partners with Minut in January 2025 to tackle noise complaints, aiming for better community relations. Minut's privacy-safe sensors alert managers to excessive noise, enhancing guest relations and potentially increasing local business revenue. Click&Flat, founded in 2009, integrates Minut with Airbnb and Icnea for real-time property insights, reducing onsite visits and improving service efficiency. This collaboration supports community quality of life and combats potential rental bans by 2028.

4 min

Wyndham and Reside alliance expands new Residence line with launch of two new Washington D.C. properties

🏠 In Seattle, Wyndham Hotels & Resorts and Reside announced two new Washington D.C. properties under the 'Reside, a Wyndham Residence' line on January 13, 2025. Reside Navy Yard and Reside NoMa expand the company's operational properties to four, with Reside Navy Yard offering 81 units and Reside NoMa 67 units. The alliance plans to extend to 50 U.S. markets in the future. Reside Seattle Downtown and Reside Houston Downtown are other open locations, with New Orleans set to host a 22-room hotel.

3 min

Bob W secures three new Munich properties from H’Otello/H’Apato in landmark deal

🏡 Bob W signed leases for three properties in central Munich, adding 198 units and 3,948 sq m to its German portfolio. On 8th January 2025, the tech-powered hospitality operator expanded in the DACH region by converting two hotels and an aparthotel into Bob W locations. The new additions bring Bob W's total in Germany to 15 buildings. The properties, operating under digital front desk and self-service check-in systems, are advised by Miles Knoll of BNP Paribas and Prof. Dr. Clemens Engelhardt of Trustberg. Bob W, operational in 18 cities across 10 countries, continues to grow with over €70 million in funding and over 4,000 units in its portfolio.

3 min

Reside appoints Walter “J.R.” Dembiec, Jr. as Brand President of ‘Reside, a Wyndham Residence’

💼 Walter “J.R.” Dembiec, Jr. appointed as Brand President of ‘Reside, a Wyndham Residence’ on 17 December 2024. Reside, located in Seattle, has launched ‘Reside, a Wyndham Residence’ earlier in the year with five properties. Dembiec, with over 30 years of experience, will spearhead the expansion of the upscale extended-stay segment through a 10-year partnership with Wyndham Hotels & Resorts. The expansion targets the top 50 U.S. markets, adding to the current locations of Seattle, Houston, Washington, D.C., and New Orleans.

3 min

Boom becomes first true AiPMS for boutique hotels as platform announces entry into new sector

🏨 Boom, an AI Property Management Software, announced on 17 December 2024, in Miami, FL, that it is expanding into the boutique hotel sector. The platform offers far-reaching automation allowing small to medium-sized hotels to compete with larger chains by streamlining operations and focusing on guest experience. Features include 24-hour guest messaging, negotiations by an AI sales agent, maintenance scheduling, AI-powered reporting, and review management. Founded by Shahar Goldboim, Boom aims to revolutionize hospitality using AI. Press contact: Madeleine Parkin (+34 684 218 737) and Stewart Paterson (+44 7387 314249). For more info, visit www.boomnow.com.

6 min

Hostaway Announces $365 Million Strategic Growth

🏗 Hostaway, a vacation rental software platform, announced a strategic growth investment of $365 million led by General Atlantic and PSG Equity on December 17, 2024. With properties across 90 countries, the investment follows Hostaway's $175 million fundraise in 2023, marking the segment's largest capital raise. The company, founded in 2015 and managing over 230 employees in 44 countries, aims to use the investment for international expansion, product development, and AI initiatives. Hostaway has also secured high partnership designations with Airbnb, VRBO, and Booking.com, and offers a fully remote workforce. The short-term rental sector is valued at $133 billion GMV and has grown at a 12% CAGR over the last decade.

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