With an 88 per cent share of the market, independent hotels form the backbone of the European hotel industry, and they often offer a better price/performance ratio than chain hotels according to results of a recent analysis conducted by HRS. An overnight stay in a three-star independent hotel costs, on average, £71 – that is 15 per cent cheaper than in a chain hotel of the same category.
HRS has overhauled its booking system to offer customers better prices and room availability on every search. This news means that HRS now compares the rates and availability offered by hotel partners in its own database with those offered by selected affiliated sales partners, including Expedia Affiliate Network. HRS also showcased its new branding for the corporate travel sector for the first time at the GBTA Conference.
Latest data HRS has revealed that major cities across the UK, including London, have seen a decline in average hotel room rates when looking at quarter two 2016 compared with the same period of 2015. Having held the top spot in Europe for the last few years, London has been knocked off its perch as the most expensive capital to stay in by Oslo, with rates showing a seven per cent decline on the same period last year.
With Euro 2016 having kicked off on June 10th, data from global hotel solutions provider HRS shows a significant price increase for accommodation in the French host cities. With rooms costing an average €131 per night, they are 21 per cent up year on year, according to recent analysis by HRS.
The global hotel solutions provider HRS has invested in the Australian company The Lido Group through a strategic partnership, thus continuing its global expansion. Founded in 1987 and headquartered in Sydney, The Lido Group is a market-leading corporate and government accommodation aggregator and provider of integrated payment solutions.
Hotel solutions provider HRS has compared average hotel room rates worldwide over the last four years (2011 – 2015) and revealed that despite economic uncertainties during this period, the outlook for the UK hotel industry is largely positive with an overall increase in room rates by 26 per cent. In fact, London is one of the top three most expensive cities for an overnight stay in the world, costing £141 on average per night, according to the latest figures from 2015.
Hotel solutions provider HRS has reached a new milestone, with the announcement that more than five million rooms can now be booked in all global distribution systems. The only provider to integrate hotel content into all major GDSs, including Amadeus, Sabre, Worldspan, Apollo, Galileo, Abacus, and Travelsky, HRS is now the world’s largest hotel provider in terms of number of listed hotels and bookable rooms.
HRS has announced that it is making mobile bookings even easier by introducing special features for corporate customers through its new HRS Corporate App. The HRS Corporate App offers features such as the hotel search based on pre-set corporate locations, maps, as well as displaying the negotiated corporate rates and their availability at the selected hotel.
Travelport and HRS, a global hotel solutions provider, have announced a multi-year global distribution agreement. The new agreement will add over 70,000 incremental hotels from HRS’ properties, the majority of which are independent hotels, to Travelport’s Travel Commerce Platform.
Hotel solutions provider HRS has unveiled its latest whitepaper at the Business Travel Show in London which focuses on disproving the myth that you can buy hotels cheaper on the internet, and demonstrates that it’s the lowest ‘right’ rate adapted to corporates that really matters. ‘Lowering the BAR’ explains the essential elements of any robust corporate hotel programme, examining spot market rates and negotiated rates, and looking at the best way to find the lowest hotel rates.
New research by HRS has revealed that London is Europe’s most expensive capital to stay in, seeing an increase of more than ten per cent compared to this time last year. With average room rates in London reaching nearly £130, this places the UK’s capital ahead of Paris and Copenhagen which both have average room rates of £117 per room.
Hotel solutions provider HRS is encouraging procurement and travel buyers to review the effectiveness of their hotel procurement programmes to ensure companies optimise hotel procurement and make substantial savings. Procurement and travel management departments can benefit from consolidating and outsourcing the sourcing process to a third party, such as HRS, as it reduces internal processing time and ultimately drives savings in hotel spend as it removes the pain of complex and time-consuming room rate negotiations.