Cendyn Launches Wayfinder at HITEC to Enhance Hotel Visibility in AI Search and Direct Bookings Tools
📈 In 2023, Cendyn released Wayfinder at HITEC, a tool analyzing hotel prompts against competitors using AI models like ChatGPT. In the U.S., hotels book 35-40% business directly, unlike Europe's 40-50% reliance on OTAs, partly due to 70% small independents. Cendyn CEO Michael Bennett highlights Booking.com's dominance in Europe. Future plans involve agentic AI updates for Wayfinder. Despite AI advancements, consumers aren't booking hotels directly through LLMs yet. Cendyn aims for direct bookings, bypassing OTAs.
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