TODAY: YOTEL receives strategic investment of Starwood Capital Group, Finnair boosts ancillary sales and travel ban expanded.
YOTEL receives strategic investment of Starwood Capital Group.
YOTEL announced that a fund affiliated with Starwood Capital Group has committed to making a strategic investment of $250 million in YOTEL, including acquiring a 30 percent stake in the company and investing in real estate acquisitions for new build, hotel conversion and adaptive reuse properties as YOTEL expands its international scale.
Finnair boosts ancillary sales with omni-channel and predictive analytics.
After partnering Alipay on in-flight payment, working with TravelSky on GDS-based ancillary sales, Finnair plans to bring its chatbot to WeChat and leverage predictive analytics for ancillaries growth. From 2010 to 2016, global airline ancillary revenue had continued to rise and contributed increasingly to total revenues.
Travel ban expanded to include Chad, North Korea and Venezuela.
The President and the US Department of Homeland Security (DHS) announced enhanced global security measures that included adding Chad, North Korea and Venezuela to the list of countries subject to travel restrictions; Iran, Libya, Syria, Yemen and Somalia are again included in this order, while restrictions placed on the Sudan have been lifted.
2017 Revenue Management Compensation Report.
Enclosed is the 2017 Lodging Revenue Management Compensation Report, presented by AETHOS Consulting Group.
This report is designed to provide current and credible compensation trends and covers Revenue Management compensation information for the following three positions: Head of Revenue Management (Company), Regional Revenue Managers (multi-unit) and Director of Revenue Management (Property) across the United States.
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