DESTINATION AND TOURISM, HOSPITALITY TRENDS
Bluegreen Vacations | October 13, 2022
Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (“Bluegreen Vacations,” “Bluegreen,” or the “Company”), a leading vacation ownership company, announced its recent acquisition of a 320-room resort and spa in Panama City Beach, Florida and two buildings in the Streamside at Vail Resort enclave in Vail, Colorado.Bluegreen currently plans to convert the 320-guestroom resort and spa, formally branded and managed as a Sheraton®, to 200 rooms, consisting of studios, one bedroom, two-bedroom and presidential suites and add a new sales preview center. The property, which includes a full-service spa, four restaurants, a private marina and beach as well as pools, tennis courts and fitness center, will receive additional enhancements to building exteriors, public areas and other improvements.
The Panama City Beach Resort and Spa is Bluegreen’s second acquisition in 2022 having acquired property at Streamside at Vail in July. The company’s purchase of the Vail property will add 46 units of one-bedroom and one-bedroom loft to Bluegreen’s growing inventory and provide access to a range of amenities including clubhouse, spa, fitness center and shuttle service to local attractions. Plans are underway to renovate guest rooms, building exterior, and infrastructure in early 2023.
Bluegreen Vacations is committed to identifying iconic destinations across the country from which to fly our flag, said Ray Lopez, Executive Vice President, Chief Operating Officer and Chief Financial Officer of Bluegreen Vacations. Panama City Beach, ranked among the top beach destinations in the US and the Colorado Rockies, has long been of interest to our owners. Both properties have well-established, desirable amenities which provide Bluegreen with an exciting product to offer our owners,” Mr. Lopez added.
In addition to acquiring two resorts in Panama City Beach, Florida and Vail, Colorado, Bluegreen Vacations announced it has broken ground on a new resort in Pigeon Forge, Tennessee. Slated to open in 2024, the new resort will feature 67 guest accommodations including three-bedroom presidential suites with upgraded in-room amenities designed for comfort and relaxation. The project will also include an expansive sales preview center.
“The majestic Smokey Mountains have been a popular destination among Bluegreen’s owners, Adding a new resort in this region allows us to not only address our owner demand but gives us an opportunity to provide our owners with new experiences and introduce new owners to this inspiring destination,”
-Dusty Tonkin, Executive Vice President and Chief Sales & Marketing Officer of Bluegreen Vacations.
About Bluegreen Vacations:
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) is a leading vacation ownership company that markets and sells vacation ownership interests and manages resorts in popular leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan with 69 Club and Club Associate Resorts and access to nearly 11,200 other hotels and resorts through partnerships and exchange networks. The Company also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services to, or on behalf of, third parties
Reltio | September 01, 2022
Radisson Hotel Group has selected Reltio’s cloud-native, software-as-a-service (SaaS) platform to unlock the power of the Group’s enterprise data, accelerate its business transformation, and enhance its customers’ experiences. In the hospitality business, driving the best-possible outcome for customers is essential to ensure repeat business, and having the right data plays a vital role in assuring those outcomes.Radisson Hotel Group will implement Reltio’s secure, cloud-native platform to continuously consolidate the Group’s data in real time across its hotels. By deploying the Reltio platform, Radisson Hotel Group will improve its data quality, particularly around reporting. It will also improve its data workflows across the organization, which will help improve its business performance while reducing workloads. Most importantly, by ensuring consistent master data, Radisson Hotel Group can now leverage accurate, consistent, and comprehensive information to transform its business and improve the exceptional service its loyal customer base has come to expect.
“At the heart of Radisson Hotel Group is our brand promise, Every Moment Matters. It is how we do business and who we are at the core, Data plays a crucial role in enhancing and personalizing our customers’ experiences. Reltio is a key partner as we embark on our digital transformation initiative. Reltio's cloud native solution gives us the trusted, high quality data we need – in real time – to deliver truly memorable moments for our guests.”
-Nouman Ali, Senior Director, Global Data Governance & MDM.
Radisson Hotel Group is one of the world's largest hotel groups. The Radisson family of brands can be found around the world in more than 120 countries with currently over 1,700 hotels in operation and under development. The Group has been recognized as the 4th-Best Employer in the Travel & Leisure Industry by Forbes.
“The breadth of Radisson Hotel Group’s enterprise application system architecture, which expands across many hotel chains and operational units, requires a need for accurate, timely data that can help deliver an even better customer experience and drive business outcomes That's where we help – the Reltio platform combines all of Radisson Hotel Group’s data sources into one – from loyalty, to transactions, to preferences – giving it a 360-degree view of its customers. We are thrilled to have Radisson Hotel Group as a partner, and to help accelerate the value of its data.”
-Manish Sood, CEO, Founder & Chairman of Reltio.
At Reltio, we believe data should fuel companies’ success, not hold them back. Our first-of-its-kind, cloud-native platform unifies multi-source, siloed data into a single source of trusted information for any data domain. Agile enough to fit any company’s needs, it can flex at will – for accelerated data value creation, and ongoing effectiveness. It’s also fully compliant and secure, so data can be acted upon with confidence. Our diverse set of customers -- from start-ups to large enterprises in more than 140 countries spanning multiple industries -- rely on our award-winning platform to fuel their success. To learn more about Reltio, visit www.reltio.com.
About Radisson Hotel Group
The Radisson family of brands can be found around the world in more than 120 countries, with currently over 1,700 hotels in operation and under development. Radisson Hotel Group operates the business in EMEA and APAC with over 1,000 hotels in operation and under development. The international hotel group is rapidly growing with a plan to double the portfolio by 2025. The Group’s overarching brand promise is Every Moment Matters with a signature Yes I Can! service ethos. The Radisson family of brands portfolio includes Radisson Collection, Radisson Blu, Radisson, Radisson RED, Radisson Individuals, Park Plaza, Park Inn by Radisson, Country Inn & Suites by Radisson, and prizeotel brought together under one commercial umbrella brand Radisson Hotels. Radisson Rewards is Radisson Hotel Group’s international rewards program that delivers unique and personalized ways to create memorable moments that matter to its guests. Radisson Rewards offers an exceptional experience for its guests, meeting planners, and travel agents in Europe, Middle East, Africa, and Asia Pacific.
Radisson Meetings provides tailored solutions for any event or meeting, including hybrid solutions placing guests and their needs at the heart of its offer. Radisson Meetings is built around three strong service commitments: Personal, Professional and Memorable, while delivering on the brilliant basics and being uniquely 100% Carbon Neutral. The health and safety of guests and team members remain a top priority for Radisson Hotel Group. All properties across the Group’s portfolio are subject to stringent health and safety requirements, as outlined in the Radisson Hotels Safety Protocol. The Safety Protocol is an integral part of Radisson Hotel Group’s Safety and Security program ensuring we always care for our guests and team members.
DESTINATION AND TOURISM, HOSPITALITY TRENDS
Guesty | September 15, 2022
Guesty, the leading property management platform for the short-term rental and hospitality industry, announced the acquisition of hotel-focused revenue and distribution platform, YieldPlanet. The acquisition expands Guesty's offerings and capabilities for traditional hotels, with YieldPlanet's technology integrated within the Guesty platform. Unveiling a new Guesty Distribution Hub, the platform will add direct OTA connections with Hopper, Trip.com, Marriott Homes & Villas and Google's Hotel & Vacation Rental Search Products, and will allow hospitality operators to manage a classic hotel repertoire, revenue and vacation rental offerings from one dashboard.
The YieldPlanet acquisition and launch of Guesty Distribution Hub comes upon the heels of Guesty's recent $170 million funding round, from top-tier investors Apax Digital Funds, MSD Partners and Sixth Street Growth, with existing investors Viola Growth and Flashpoint also participating. The capital signals investor confidence in the continued growth of the travel and alternative accommodation industry, and is an endorsement of Guesty's pioneering technology, long-term strategy and position as market leader in the hospitality and property management software sector.
With PMCs competing for diverse consumers and travel personas seeking every accommodation under the sun, we are thrilled to offer additional distribution for our Guesty users through direct integration of YieldPlanet and the formation of the Guesty Distribution Hub," says Yair Holtzer, VP of Strategy at Guesty. "Guesty will offer direct integration with Hopper, Trip.com, Marriott Homes & Villas and Google's suite of Travel Search products, joining our already impressive OTA integration with Airbnb, Booking.com, Vrbo, Expedia, Tripadvisor, Agoda, and misterb&b. We will also maintain additional integrations through our valued partnerships. The product enhancements solidify Guesty's status as the leading flexible Property Management Platform.
Guesty Distribution Hub is the first ever fully holistic hospitality distribution solution. Guesty customers will now access hundreds of hotel and short-term rental distribution channels (Booking Engine, Metasearch, OTA, and GDS), along with integrated financial tools from one dashboard.
"Joining forces with Guesty marks an exciting new chapter for YieldPlanet, allowing us to strengthen and scale our revenue and channel management solutions, We will continue to grow YieldPlanet and will now offer direct distribution from within Guesty's platform, offering their clients exciting new opportunities to grow and expand their businesses."
-Claudio Limacher, CEO of YieldPlanet.
YieldPlanet's technology, expertise, R&D team, and hotel-focus were a natural fit to join the Guesty family and continue our long-term goal to become the one-stop shop for the hospitality and short-term rental ecosystem," says Amiad Soto, CEO & Co-Founder of Guesty. "YieldPlanet's technology within the Guesty platform, offers best-in-class revenue management, along with its price optimizer product for hotels. Our customers now have access to the widest distribution options on the market from one single dashboard.
Guesty is the world's leading property management platform for the short-term, vacation rental and hospitality industry. Serving everyone from hosts to hotel brands, customers utilize Guesty's platform and solutions to centralize their reservations, guest communication, operational tasks, cleaning management and more across all the major booking OTA channels, including Airbnb, Vrbo, Booking.com, Tripadvisor, Expedia, Agoda, direct booking websites and more. With 14 offices serving customers worldwide, Guesty empowers hospitality operators to save time and resources so that they can focus on maximizing occupancy, ensuring a great guest experience, and growing their business.
YieldPlanet is a SaaS provider delivering travel technology solutions for revenue and distribution management. The company's easy-to-use solutions synchronize with property management software to provide a single point of control for channels, reducing labor time, administrative cost and increasing distribution. The company services more than 4,000 clients in over 85 countries around the world, with offices in Spain, Switzerland and Poland.