Distribución y Revenue Management

📊 Rafael Gómez, Director of Revenue Management at Minor Hotels & Resorts, discusses the future of Artificial Intelligence (AI) in Revenue Management Systems (RMS) for the hotel industry. RMS, vital for organizing data for decision-making, could become more potent with AI integration. In 2014, Gómez participated in developing a groundbreaking RMS in Boston with a million-dollar investment, implemented in over 1,100 hotels worldwide. AI could enhance demand forecasting by incorporating socio-economic factors, climate change, air travel dynamics, and online reputation data, offering more precise predictions and strategies. Emphasizing the importance of continual learning and adaptation, Gómez sees a promising future for RMS powered by AI, even for small hotels, provided they have skilled management. Join the live discussion with Rafael on Thursday, August 8, to learn more about AI's role in RMS.

🚧 Booking faces potential lawsuits from thousands of accommodations for years of alleged abuses following a €413 million fine by Spain's National Commission of Markets and Competition (CNMC) since at least January 1, 2019. Hoteliers may seek damages if the courts uphold CNMC's findings, which include unfair commercial practices, like preventing hotels from offering lower rates on their own channels and lack of transparency in contractual terms. Booking, headquartered in Amsterdam, plans to appeal the fine at the National High Court.

🚧 Chaos at Chamartín station: On the afternoon of yesterday, a train incident halted High-Speed Rail service between Madrid and Levante for two hours and twenty minutes, causing overcrowding at Chamartín station, reminiscent of an event three days prior. Train stopped at 15:50 in the tunnel between Atocha and Chamartín, resuming circulation after its removal at 18:10. New York hotel prices skyrocket, with average daily rates (ADR) exceeding $400, nearly 22% higher than last year, following Airbnb restrictions. Imserso's travel season for 2024-2025 begins in October, with 886,269 places available and reservations starting in September, following a July 1-22 application period.

🚿 Hotel supply providers cater to needs ranging from textiles like sheets and towels to reservation management technology. Key for hotel operations, they supply essential goods and services, ensuring quality and consistency vital for guest satisfaction. Importance hinges on reliable sourcing for quality, timely delivery, cost optimization, sustainability, and adaptability. Selecting the right suppliers involves identifying hotel needs, setting selection criteria, conducting searches, requesting detailed information, evaluating options, and negotiating contracts to solidify beneficial terms and avoid future misunderstandings.

🛑 During summer vacations, 51% of Spanish travelers worry about luggage loss, damage, or theft, with women (53%) slightly more concerned than men (49%). Young Spaniards (70%) are the most anxious about this issue, compared to 23-26% of Lithuanians, Hungarians, and Germans. Other concerns include requiring assistance for accidents or illnesses (over one-third), bad weather and natural events (30%), fraud risks like card information theft or non-existent accommodations (30-37%), and phone/internet issues abroad, with 10% facing high roaming costs and 2% experiencing device theft or damage.

📱 Users can access the content for free by accepting cookie installation, which includes behavior analysis, content personalization, and advertising. Alternatively, a cookie-free experience is offered through the "Premium Membership," ensuring full content access and privacy without unnecessary cookies, except those essential for site functionality. Premium Members can manage other cookies after logging in.

🏖 Fergus Group expands to 30 hotels with the addition of Punta Arabí Resort Ibiza, rebranding as 4-star Fergus Style Punta Arabí, opening in 2025. Bain & Company warns of a potential 17% MRO service shortage by 2030, threatening air traffic growth as aircraft delivery delays from Airbus and Boeing persist. The Imserso senior tourism program's economic sustainability is questioned as agencies and hotels struggle with low commissions and tight pricing.

📱 Amuda Goueli, co-founder of Destinia, reflects on 30 years of digital revolution in travel. From early 2000s, the online booking experience has radically changed; with a few clicks, travelers can now reserve flights, hotels, rental cars, and tours. Online check-in and facial recognition at security have streamlined airport processes. Big data and AI have personalized travel, predicting user preferences for tailored recommendations. Technological consciousness has evolved from rejection to acceptance and addiction, with the next 30 years promising even more transformational advances.

🚀 Expedia, Booking.com, Priceline, and Lastminute.com emerged as disruptive travel distribution partners in the 1996-1998 period, initially underestimated by traditional agencies. In Spain, online travel agencies (OTAs) like eBooking.com (1997), Viajar.com and eDreams (1999), Muchoviaje.com, and Rumbo (2000), and Destinia (2001) developed alongside internet penetration surpassing 50% by 2005. The 2008 financial crisis impacted travel, but OTAs thrived by offering economical options. By 2013, traditional agencies adopted omnichannel strategies to compete. OTAs like Expedia and Booking.com invested in mobile technology to enhance user experience, leveraging artificial intelligence and big data by 2018. COVID-19 in 2020 caused a severe downturn, leading to adaptations such as flexible cancellation policies. In 2021, Logitravel merged with Viajes El Corte Inglés. In 2023, eDreams ODIGEO surpassed €500 million in revenue over nine months and launched an OPA at €6.90 per share. The future of travel distribution appears resilient, with technology playing a key role.

🌍 In summer 2024, Spanish travelers are eyeing international destinations like New York, La Habana, Bangkok, Tokyo, Buenos Aires, and Cancún, fueled by an increase in demand for international travel. Jetcost, a flight and hotel search engine, noted these cities for their unique cultural and adventurous experiences, from New York's vibrant culture to Cancún's paradisiacal beaches. These destinations offer escapes from daily routines and deep dives into diverse cultures.