Derek Catron

Daytona Beach

News Editor at PhocusWire

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Articles

How AI boosts digital advertising and direct bookings

Feb 21, 2024 | webintravel.com | Derek Catron

AI-powered ad campaigns, especially when managed alongside manual campaigns, increased the direct revenue share for hotels that implemented them, according to a white paper released Wednesday by hotel technology provider D-Edge Hospitality Solutions. Findings from the study, which sought to calculate the real costs of direct distribution, should incentivize independent and smaller hotel groups to pursue more direct bookings, said Jean-Dominique Brivet, chief digital agency officer at D-Edge.
Hopper’s Lalonde talks profits, Expedia split, Booking.com competition

Nov 28, 2023 | newsbreak.com | Derek Catron

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Airbnb's Chesky envisions turning app into 'ultimate travel agent'

Nov 2, 2023 | travelweekly.com | Derek Catron

Airbnb CEO Brian Chesky had his choice of topics to reflect on Wednesday during a call with analysts to review the company's results for the third quarter of 2023, but he was looking ahead. "I think we're only scratching the surface," he said before explaining why he believes double-digit revenue growth will continue to be achievable "for many, many years."Start with the company's core business.
Short-term rentals gaining ground: AirDNA, STR

Oct 12, 2023 | hotelinvestmenttoday.com | Derek Catron

This report first appeared on PhocusWireShort-term rentals may still be riding a wave of intereststirred by the COVID-19 pandemic, as a new report shows them closing the gapwith hotels in the United States, especially in less populated areas.
Will New York’s STR rules set stricter standard for travel?

Sep 4, 2023 | hotelinvestmenttoday.com | Derek Catron

Editor’s note: This story first appeared on PhocuswireThe eyes of the travel world will be on New York during thefirst week of September, but it won’t be for the city’s Broadway shows or U.S.Open Tennis Championships. The focus instead will be on enforcement of new short-term rental rules that have already prompted thousands of Airbnb hosts to droptheir listings. In a lawsuit challenging the rules, Airbnb called them “extremeand oppressive” and a de facto ban against short-term rentals.
New York is cracking down on short-term rentals. What does it mean?: Travel Weekly

Aug 31, 2023 | travelweekly.com | Derek Catron

The focus instead will be on enforcement of new short-term rental rules that have already prompted thousands of Airbnb hosts to drop their listings. In a lawsuit challenging the rules, Airbnb called them "extreme and oppressive" and a de facto ban against short-term rentals. But after a judge dismissed that lawsuit and another filed by three hosts earlier this month, the city announced it would move forward with enforcement Sept. 5.
Google adds 'cheapest time to book' feature

Aug 28, 2023 | travelweekly.com | Derek Catron

Users on Google Flights can already see whether search prices are low, typical or high compared to past averages for the same route and can set up price tracking alerts. Now, for searches with reliable trend data, users will also see a prediction of the cheapest time to book for the selected dates and destination. Similar advice is already offered by other sites.
Mastercard report sees business travel at tipping point

Aug 11, 2023 | travelweekly.com | Derek Catron

That's the thrust of a new report from Mastercard, which surveyed 541 travel decision makers across the United States, Canada, Germany, Italy, Australia and India to garner insights into the evolving state of business travel. "We are at the edge of transformation for the business traveler experience," said Chad Wallace, Mastercard global head of commercial solutions.
Could high-end RV parks be the next hot category for lodging?

Aug 9, 2023 | hotelinvestmenttoday.com | Derek Catron

Editor's note: This story first appeared on PhocuswireRREAF Holdings announced Wednesday a $157 million deal toacquire and redevelop five RV parks in the southern United States along withplans for a second round of acquisitions and redevelopment this year for $550million. Those figures include the purchase price and the cost of a“vast” upgrade in high-end, resort-style amenities, said RREAF Holdings' Chief InvestmentOfficer Graham Sowden.
Hotel experts on staffing issues, AI and “selling happiness”

Jul 13, 2023 | hotelinvestmenttoday.com | Derek Catron

Editor's note: This story first appeared on Hotel Investment Today sister publication, Phocuswire. A topic of hotel leadership in complex times could turn aconversation in any number of directions: climate change, inflation,technological changes. Yet for the experts gathered at Phocuswright Europe 2023 in Barcelona last month, reaching a consensus on problems facinghospitality proved easy.