McKinsey & Company Study Observes Travel Booking Burst After Restrictions Lift

McKinsey & Company | July 30, 2020

Dramatic changes in consumer behavior during the coronavirus pandemic have been hurting companies’ profits and sales. One of the most troublesome new consumer behaviors is engaging in short bursts of booking travel online. McKinsey & Company has been studying travel search and booking data to detect patterns. The consultancy believes that nimble suppliers and resellers will gain if they adopt more nimble marketing and pricing strategies to cope with the new realities.

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Explore cutting-edge revenue strategies in the hospitality industry. Adopt the latest hospitality management trends to optimize the revenue stream.

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Explore cutting-edge revenue strategies in the hospitality industry. Adopt the latest hospitality management trends to optimize the revenue stream.

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Travel Technology

Expedia TAAP Introduces 2023 Fall Sale for Travel Advisors

Expedia Group | September 11, 2023

Expedia Group has launched the TAAP Autumn Sale, offering substantial savings to meet the rising demand for fall travel in 2023. US travel advisors can provide travelers with 20% or more savings on global hotel bookings until September 24, 2023, making travel more affordable. Expedia TAAP provides access to over three million properties, 200,000 activities, 175 car rental options, and 500 airlines. For streamlined booking and support, travel advisors can utilize tools like Virtual Agent and Live Agent Chat. Expedia Group has launched the Expedia TAAP Autumn Sale, aimed at helping travel advisors meet the growing demand for fall/autumn travel in 2023 and boost bookings. This sale allows US travel advisors to provide travelers with 20% or more in savings on thousands of hotels worldwide for bookings until September 24, 2023. Travel under these offers is valid through March 31, 2023. Expedia TAAP offers travel advisors an extensive inventory featuring over three million properties, 200,000 activities, 175 car rental options, and 500 airlines. It provides access to Expedia Group tools, including a Virtual Agent for quick assistance and a Live Agent Chat for more in-depth support, streamlining the booking process and enhancing the advisor's capabilities. Travel advisors interested in the TAAP travel agent affiliate program can access comprehensive program details on how to become part of this extensive network on the official Expedia TAAP website. With the expansive range of resources available through Expedia TAAP, travel advisors can deliver exceptional service and options to their clients. Expedia Group's extensive family of brands, including Expedia, Hotels.com, Vrbo, Orbitz, and many others, ensures that travel advisors have a wide array of offerings to meet various travel needs and preferences. Robin Lawther, Vice President of Expedia TAAP, mentioned, "We are pleased to offer our advisors easy access to our travel offerings to help them drive more business.” [Source – Travel Pulse] Robin also mentioned that thousands of discounted properties are available for last-minute summer getaways, fall city trips, or early winter sun bookings. This gives travel advisors the flexibility to meet the needs of their travelers.

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Business Travel

Jurny and Turno Partner to Offer Free, End-to-End Short-Term Rental Management Solution

businesswire | August 10, 2023

Jurny, the world’s leading vertically integrated, AI-powered property management solution, and Turno, the global leader in vacation rental cleaning management, announced a partnership positioned to advance hospitality today. Together, the companies offer everyone from single property hosts to management companies with geographically dispersed portfolios the ability to easily control the most crucial components for efficient vacation rental management seamlessly from one dashboard. “It’s exciting to partner with another company that shares the same dedication to empowering hosts with automation tools to optimize their vacation rental businesses," said Luca Zambello, CEO and co-founder of Jurny. "This collaboration reinforces our shared commitment to delivering the most robust technology on the market for eliminating the billions of dollars wasted each year in operational inefficiencies." Through this partnership, hosts and property managers get a holistic and seamless platform to automate and streamline their entire operations, from guest acquisition to check-out and cleaning management. Now, anyone can sign up for Jurny’s free single-click Airbnb connection, GPT-4 powered property management system (PMS) and gain instant access to Turno's best-in-class cleaning management software to effortlessly source cleaning professionals, schedule cleanings, track inventory, and manage cleaner communications. The powerful integration delivers lightning-fast booking updates, reliable connection stability and up-time, and significant guest and reservation data; all managed from Jurny’s easy-to-use dashboard. "This collaboration unlocks exciting access and benefits for short-term and vacation rental hosts across the globe," said Assaf Karmon, CEO and co-founder of Turno. “Jurny and Turno users will enjoy a single access point to simplify, automate, manage, and grow their short-term rental businesses.” To discover more about Jurny, experience the power of its new AI tools, and explore the integrated benefits of Turno’s automated cleaning management solution, visit Jurny.com. For more information on Turno and its mission to solve cleaning for the vacation rental industry, visit Turno.com About Jurny, Inc Jurny is the world’s leading vertically integrated, AI-powered property management solution transforming hotels and short-term rental hosts' operations. Founded in 2019 and backed by renowned VC firms Mucker Capital, Okapi Venture Capital, VITALIZE Venture Capital, Singularity Capital and SaaS Venture Capital, Jurny is streamlining processes, reducing operational costs, and delivering unparalleled customer satisfaction for the $4.7 trillion global hospitality industry. About Turno Turno's SaaS platform and Cleaner Marketplaces help vacation rental operators schedule, pay, and find cleaners. Features include auto-scheduling, auto payment, in-app chat, photo checklists, reporting tools, and other easy-to-use quality assurance solutions to simplify and automate recurring property services. Offering 24/7 live customer support and available in six languages, Turno syncs guest calendars from all major booking platforms and 20+ channel managers and property management systems. Turno's localized Cleaner Marketplaces include vetted STR service providers across the United States, Canada, the United Kingdom, Europe, and beyond.

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Hospitality Trends

Travel + Leisure Co. and Sports Hospitality Unveil Sports-themed Resorts

Travel + Leisure Co | September 25, 2023

Travel + Leisure Co. collaborates with Sports Hospitality Ventures to launch sports-themed resort complexes near college towns. Introducing the Sports Illustrated Resorts vacation club, uniting sports enthusiasts and offering flexible bookings and amenities. Sports Illustrated Resorts unveils residences, with fractional and wholly owned condominiums managed professionally. Expansion plans include chic beach clubs and experience parks, with a Tuscaloosa resort expected to open in late 2025. Travel + Leisure Co, a membership and leisure travel company, has partnered with Sports Hospitality Ventures, LLC, the hotel and resorts licensee for the esteemed Sports Illustrated brand in North America and the Caribbean. Together, they introduce an innovative vision for a series of sports-themed resort and lifestyle complexes strategically situated in vibrant college towns catering to passionate fan communities. A novel addition to the Sports Illustrated Resorts portfolio is the vacation club. This innovative concept aims to unite fervent sports fans, friends, and families by elevating their accommodation experience. Club members will enjoy the flexibility to make repeat resort reservations and access a variety of amenities across the expanding Sports Illustrated Resorts portfolio. This endeavor is made possible through the partnership of Travel + Leisure Co., leveraging its expertise in managing brand collaborations. Additionally, Sports Illustrated Resorts introduces residences, offering fractional and wholly owned condominiums managed professionally through the collaboration. The residences promise a range of signature services and amenities in line with the active lifestyle theme of Sports Illustrated Resorts. The inaugural college town resort in Tuscaloosa, Alabama, is just the beginning, with plans for further expansion fueled by the collaboration between Sports Hospitality Ventures, Authentic Brands Group, and Kituwah LLC, representing the Eastern Band of Cherokee Indians, who have committed $320 million to propel the growth of the Sports Illustrated Resorts brand. With a vision to deliver immersive experiences celebrating the iconic moments of Sports Illustrated's outstanding history, Sports Illustrated Resorts has become a destination beyond conventional lodging. The resorts' unique design will transport guests and owners into the heart of sports culture, with diverse attractions, live sports and entertainment, fine dining, and wellness facilities. While the initial focus is on university locations, the broader portfolio will extend to chic beach clubs and experience parks in prime leisure destinations. Sports Illustrated Resorts is adopting an asset-light development financing model for its expansion, with the Tuscaloosa resort anticipated to welcome guests in late 2025. While Travel + Leisure Co. foresees no immediate earnings impact, it anticipates this venture will drive incremental growth from the latter half of 2025 onwards.

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