Home-sharing continues to rise in popularity on a global scale with tens of millions of apartments, houses, villas and other property types available for both short- and long-term stays. According to research from Transparent, the world supply of alternative accommodations has grown by 33 percent from 2017 to 2018. The fast rate of growth and rising popularity of home-sharing presents hoteliers of all types and sizes with a new competitive reality that they must be able to respond to in real-time.
TravelClick, an Amadeus company, has answered the need for a comprehensive competitive assessment that captures alternative accommodations. Today, TravelClick announces the immediate availability of the Alternative Accommodations Solution, the latest addition to its business intelligence product suite. The new solution is available as an add-on to Demand360® and Rate360® which helps subscribers make smarter, data-driven decisions that drive revenue and profitability with the most trusted forward-looking and historical demand data across all segments and channels.
“The lines are blurring between traditional hotel properties and alternative accommodations as we see large brands entering the home-sharing space and vice versa,” said Greg Sheppard, Senior Vice President, Business Intelligence, TravelClick. “We believe that hoteliers cannot overlook the pressure of alternative accommodations that are competitive on price, location, convenience and amenities that weigh into consumers’ decision-making. Our new solution gives our customers relevant, real-time data in an easy-to-use tool that doesn’t require a data scientist to glean the most useful and actionable insights.”
Previewed at HITEC in June, the Alternative Accommodations Solution is the first and only of its kind. Its two key focus areas are empowering hotel management to analyze alternative accommodations competition in their immediate area, and to help optimize occupancy and rates to be competitive with those home-sharing options that are comparable to a hotel property.
The Alternative Accommodations Solution is available now. Current Demand360® and Rate360® customers can request the add-on for an additional subscription-based fee, and both tools are available to all types of properties in all major geographical regions. TravelClick has partnered with Transparent, a leading global provider of data intelligence for the vacation rental industry.
To learn more and request a demonstration, click here and learn about five myths about alternative accommodations.