SiteMinder Gets Funding Boost as Financial Titan BlackRock Bets on Hotel Tech

SiteMinder’s top executives talk at the company’s Sydney headquarters. From right: CEO Sankar Narayan and Co-Founder and Chairman Mike Ford. SiteMinder, a hotel tech startup based in Sydney, has closed a Series C round of funding, led by BlackRock, the world’s biggest money manager. SiteMinder Skift Take: To call a company the best-capitalized hotel tech … [Read more…]

IHG Is Changing How It Distributes Its Hotel Rates to Boost Direct Bookings

In October 2019, IHG-owned brand Kimpton said it would launch a Stay Human Project where it transforms the decor in one room in a handful of European hotels to more explicitly connect guests to a sense of place and community. IHG, Kimpton’s parent company, has been embracing new tech tools. IHG Skift Take: IHG represents … [Read more…]

Wholesaler Hotelbeds Cuts Ties to Booking Sites That Break Hotel Distribution Rules

Shown here is the Hotelbeds stand at the ITB trade fair in Berlin in March 2019. Hotelbeds Group Skift Take: The collapse last week of Amoma suggests that an industrywide crackdown on online travel agencies that violate hotel contracts is getting serious. For example, many hoteliers have wanted Hotelbeds to crack down on bad behavior … [Read more…]

New Research: The Evolution of Online Hotel Distribution in Europe

Skift Take: A new whitepaper examining distribution trends in Europe’s online hotel sector suggests that flexibility is a critical success factor for the region’s hospitality operators. Hotel executives must constantly review and optimize their channel mix if they hope to succeed and thrive in this highly competitive environment. — Read the Complete Story On Skift