Hotels Are Finding Cheaper Ways to Connect to Tech Vendors

A view of the Camino Real Hotel catering to a tourist crowd in Acapulco de Juárez, Mexico. The property belongs to Grupo Real Turismo, a hotel company that is using the startup Impala to connect to third-party vendors. Grupo Real Turismo Skift Take: Hotel tech innovation has been partly hampered by high tolls that property … [Read more…]

Hoteliers Take a Harder Look at How They Set Room Rates

The Bellagio Las Vegas belongs to MGM Resorts International, which is one of many hotel companies that have been investing more in revenue management technology. MGM Resorts Skift Take: Amateurs cut rates to fill hotel rooms. Pros take more sophisticated approaches, such as coordinating to stimulate demand from the most profitable customers. — Sean O’Neill … [Read more…]

Shiji’s Hotel Tech Acquisition Spree: A Closer Look

Kevin King, chief commercial officer of Shiji Group, left, speaks at Skift Tech Forum. Skift Skift Take: Since 2016, Shiji has spent $141 million on acquisitions and investments across 10 tech companies outside of China, according to our review of its financial filings. Yet we still don’t grasp the overseas strategy of the hospitality tech … [Read more…]

Private Equity Takes Control of Cendyn in a Bet on Hotel Tech

A view of a junior suite at the Fontainebleau Miami Beach hotel, which is a customer of Cendyn, a travel tech firm that has received additional investment from private equity. Fontainebleau Miami Beach Skift Take: Many hoteliers will be watching what Cendyn’s new president, Tim Sullivan, does to grow his company’s software suite, which offers … [Read more…]

RateGain Acquires BCV, Gains Momentum in Hotel Tech Consolidation

A photo of the surf-inspired decor at the Kimpton Shorebreak Huntington Beach Resort in Huntingdon Beach, California. The photo is an example of the Instagram-friendly social media content that BCV, just acquired by RateGain, can provide hoteliers. BCV Skift Take: RateGain, a travel tech company backed by private equity, said it has begun a roll-up … [Read more…]

Smaller Hotels and Hostels Catch Up on Tech With New Wave of Software Makers

A guest room at the Slo Living hostel in Lyon, France, which uses Cloudbeds services to manage its property. Slo Living hostel Skift Take: The story of software maker Cloudbeds, named the fastest-growing travel and hospitality company in the U.S., points to a broader trend of smaller hotels adopting new tools to manage their properties. … [Read more…]