Wyndham Strengthens Strategic Revenue Management Services Through Expanded Collaboration with OTA Insight
LONDON – Wyndham Hotels & Resorts, the world’s largest hotel franchise company with approximately 9,000 hotels in nearly 95 countries, today announced the deployment of a new suite of revenue management tools for its franchise hotels and managed in Europe, Middle East, Eurasia and Africa (EMEA). The new initiative will equip participating hotels with a stronger and improved visualization of revenue performance metrics and is part of Wyndham’s long-standing partnership with OTA Insight, a leading cloud-based data intelligence platform.
The platform represents the latest in a growing list of technology initiatives recently launched by Wyndham Hotels & Resorts, all focused on providing tools for hotels to help provide a competitive advantage amid the ongoing pandemic. Earlier this year, Wyndham Hotels & Resorts announced the deployment of the next generation Oracle Hospitality OPERA Cloud Property Management in its full-service hotels, making it the first major hospitality company to adopt the system globally.
Julie White, Vice President of Wyndham Hotels & Resorts EMEA, said: “We are always on the lookout for innovative solutions to meet the business needs of our hotel partners. The extension of our partnership with OTA Insight reflects our commitment to providing the best revenue management solutions for today’s market. The volatility of consumer demand and prices linked to Covid has made it increasingly difficult for hoteliers to apply historic best practices, highlighting the need for new forward-looking tools to support revenue recovery. OTA Insight’s business intelligence tools provide easy-to-use demand tracking and competitive intelligence for our hotels in the EMEA region, giving them a clearer view of the path to revenue recovery and to- of the. Combining this information with Wyndham’s revenue management services gives our hotel partners a unique competitive advantage.
OTA Insight CEO Sean Fitzpatrick said: “We are excited to provide Wyndham EMEA hotels with smarter revenue information that can help drive business growth. While market conditions remain challenging, travel is gradually rebounding and actionable data can deliver a real business advantage. It is a privilege to be able to support Wyndham’s EMEA properties throughout the recovery and beyond, enabling more strategic decision making.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchise company by number of properties, with approximately 9,000 hotels in nearly 95 countries on six continents. With its network of approximately 798,000 attractive rooms for the everyday traveler, Wyndham occupies a leading position in the economy and mid-range segments of the accommodation industry. The Company operates a portfolio of 21 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services. The company’s award-winning Wyndham Rewards loyalty program offers 89 million registered members the ability to redeem points at thousands of hotels, resorts and vacation rentals around the world. For more information, visit www.wyndhamhotels.com.
About OTA Insight
OTA Insight empowers hoteliers to make smarter revenue and distribution decisions with its industry-leading suite of cloud-based business intelligence solutions, including Market Insight, Rate Insight, Parity Insight, and Revenue Insight. With live updates, 24/7 support from our Customer Success Team, and a highly intuitive and customizable dashboard, the OTA Insight Platform integrates with other industry tools, including hotel property management systems, leading RMS solutions, and data benchmarking providers.
OTA Insight’s international team of experts is based around the world including UK, US, France, Germany, Belgium, Spain, Italy, Brazil, Mexico, in Singapore, Australia and India, and supports over 55,000 properties in 185 countries. Named 17th fastest growing private technology company in the UK in the Sunday Times Hiscox Tech Track 100 in 2019, number 103 in the FT / Statista list of the 1000 fastest growing companies in Europe in 2020, and Chosen as the Best Rate Shopping & Market Intelligence Tool, Parity Management Software and Business Intelligence Software by HotelTechAwards 2021, OTA Insight is widely recognized as a leader in business intelligence in the hotel.
For more information, visit www.otainsight.com and follow us on LinkedIn (www.linkedin.com/company/ota-insight) and on Twitter (@otainsight).