Tag: August 2024
Hyatt Hotels Corporation Reports Q2 2024 Results
CHICAGO—Hyatt Hotels Corporation reported second quarter 2024 results. Highlights include:
Comparable system-wide hotels RevPAR increased 4.7 percent compared to the same period in 2023
Comparable system-wide...
GBTA and Cvent Study Finds an Opportunity for Tech Integration to Transform Business Travel
ALEXANDRIA, Virginia—The Global Business Travel Association (GBTA) and Cvent released a new study titled, "The Future Is Now: Technology Transformation in Corporate Travel." According...
Visual Matrix’s MOP Tech Increases Adoption by 440 Percent
RICHARDSON, Texas—Visual Matrix increased the growth of its MOP technology by 440 percent since Visual Matrix acquired the technology in November 2021. MOP is...
IHG Hotels & Resorts Reports Half-Year Results
IHG Hotels & Resorts reported half-year results ending June 30, 2024. Highlights include company performance with operating profit from reportable segments (+12 percent) and...
Rigorous Revenue Management: AI Tech Tools Take Pricing and Forecasting Accuracy to the Next...
Revenue management in the hotel industry has become a science over the last few years with pricing strategies that increasingly factor in supply/demand fluctuations...