It’s hard to keep track of all the startups now addressing small or unmanaged business travel. They’re applying a number of concepts including rewards, texting, personalization and artificial intelligence. They promise a better user experience than existing corporate booking systems offer. Investors during the past two years have put millions into them. One already was acquired by a more established player;…
When Bjorn Hanson last year published his preliminary outlook for 2016 corporate negotiated hotel rates, the New York University professor predicted buyers might suffer their biggest increases in years. It didn’t happen. The aggressive prognostication followed several years in which hotels outperformed expectations on rates. Entering 2016, Hanson said last month, “There was a sense that the increase in rates…
Thanks partly to rate assurance technology and data, some buyers now are thinking about setting fire to the lodging RFP process. Or, at least, subjecting it to a little controlled burning. According to 2014 GBTA Foundation research sponsored by Best Western, the hotel RFP process was taking between three and six months for more than half of 127 North America-based…
It’s natural to look askance at HRS when executives say they’ll do your hotel sourcing for free. We’ll get to that. The other story on hotel sourcing partners this year is whether we’re at peak Lanyon. To manage the onerous hotel rate negotiating process, corporations and travel management companies turn to technology. Lanyon has been the go-to partner for years….
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