4Hoteliers
SEARCH
SHARE THIS PAGE
NEWSLETTERS
CONTACT US
SUBMIT CONTENT
ADVERTISING
Hotel RFP and Consortia Season: How to Get Your Share of High-Yield GDS and Corporate Business.
By Varun Taware
Friday, 5th August 2016
 

The ever-changing travel landscape will influence business travelers’ purchasing decisions heading into 2017: Hotel mergers can impact ADR, while the sharing economy means more options for business travelers to choose from.

Also, global political risks and uncertainty may continue to impact business travelers and corporate travel managers.

These changes will also impact how hoteliers reach their goals and transform their corporate transient business strategies in the upcoming year.

Are you reaching the right customers? Does your hotel have the ability to increase high-yield bookings? How can you ensure you are leveraging the right programs to position your hotel to the right buyers?

If you’ve started to ask those questions, you’re doing them at the right time. We’re now approaching the peak of consortia and corporate hotel bidding season.

Corporate travel represents an important segment from a revenue and occupancy standpoint. Hotels have so many rates to manage " Rack/BAR, Consortia, Negotiated Rates, OTAs, etc. " that creating a revenue-maximizing strategy becomes a puzzle. With that in mind, we have outlined key programs to incorporate into your distribution strategy to make sure you reach the highest-yield travel buyers and shift market share.

1. Regional and Global Travel Agency Consortia Programs " Many independent and small hotel chains face the problem of visibility in the GDS, which impacts GDS bookings and travel agents who book on behalf of demanding travel customers. That is why it is important to select the right Consortia programs to get the highest return on your investment.

How can you incorporate consortia into your strategy? Through Sabre’s Travel Marketplace, hotels can receive consortia services consulting and gain exposure to over 400,000 travel agents booking over $120 billion USD in travel. And by participating in the right consortia program, your property gains exposure among the highest-booking business travel agents.

2. Attract New Corporate Business Buyers " The global business travel spend topped $1.2 trillion USD in 2015, and is forecast to reach $1.3 trillion in 2016, according to the GBTA BTI™ Outlook. With such a large number of business trips being booked per year, corporate travelers are an important and desirable segment for hoteliers. Within our Sabre Hotel RFP network there are over 2,500 corporations booking over $11 billion USD in transient travel per year. Ensuring that your hotels are part of this segment can lead to great results.

However, you must make certain that your hotel is competing for this business in an efficient manner via a corporate and transient business bidding process (Hotel RFP). Doing so will allow you to proactively participate in the bidding process and compete for pre-qualified leads.

3. Expand Your Hotel’s Global Reach " For an independent hotel, competing on a global basis with the large chains may seem like a difficult task. But by participating in the right programs, your hotel can gain global visibility and access to leading travel agents’ lists of preferred hotels.

Take charge of your travel agency and GDS strategy. Let us help you incorporate the right programs into your corporate business strategy, giving your properties the ability to influence behavior and shift market share from a high-yield channel.

Contact Sabre today and start building an action plan to take advantage of peak Consortia and RFP season with our Business Travel Services programs.
 
Varun Taware - Product Marketing Manager, Sabre - www.sabrehospitality.com

Global Brand Awareness & Marketing Tools at 4Hoteliers.com ...[Click for More]
 Latest News  (Click title to read article)




 Latest Articles  (Click title to read)




 Most Read Articles  (Click title to read)




~ Important Notice ~
Articles appearing on 4Hoteliers contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.
© Copyright 4Hoteliers 2001-2023 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here
Use of this web site is subject to our
terms & conditions of service and privacy policy