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Bed Banks: Comparing Accommodation, Travel Ancillaries, Connectivity of Hotelbeds, Travco, Bonotel, HotelsPro, and WebBeds

AltexSoft Travel

One of the ways to get a diverse inventory portfolio is to partner with a bed bank. What is a bed bank? A bed bank (also called a wholesaler ) is a B2B company that purchases rooms from accommodation providers in a bulk at a discounted, static price for specific dates and sells them to OTAs, travel agents, airlines, or tour operators.

Banking 25
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Marriott’s ‘Meet with Momentum’ Creates Community Like None Other

Smart Meetings

Multiple representatives on the panel advised planners to evaluate contracts more carefully than ever—don’t pre-assume anything as a given if it isn’t explicitly stated in the contract. Read More: Tips for Negotiating Your Next Big Event Contract During the open Q&A, planners aired frustrations—contracts are time-consuming already.

Panel 246
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Experts: Travel Industry Could Coast Through Recession

Smart Meetings

Economists rarely agree on anything, but reports from Moody’s Analytics, Jeffries and The World Bank are in alignment that a recession is coming, probably by the end of 2023. Oxford Economics’ Savelli explained that during past recessions, room demand overreacted, with sometimes twice as much of a contraction as the economy overall.

Travel 246
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Louisville Experience Checked All the Boxes

Smart Meetings

Louisville, Kentucky—birthplace of Muhammad Ali—on the banks of the Ohio River, checked all those boxes. Some destinations rise to the top of meeting bucket lists because of their history. Others for their natural beauty, and still others for their dynamic business credentials. This is a great time to think about models,” he said.

Banking 264
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Why You Shouldn’t Care About Platforms Getting Investments

Endless Events

The expansion of what was event apps over a decade and then the contraction over the last three years is all happening in one year for these platforms. Now, we’re starting to see the contraction where things are consolidating and coming together. . “Everything’s running on a much more condensed timeframe.

Platform 368
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Consistency Is Key: Better Brand Management With Astute Review!

Endless Events

And today, the techie duo welcomes a very special guest who developed a brand management tool and mostly works with consulting firms and banks. ” “We’re primarily working with consulting firms, banks, and sales and marketing professionals,” he adds. “You don’t need an annual contract for that.

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Louisville Experience Checked All the Boxes

Smart Meetings

Louisville, Kentucky—birthplace of Muhammad Ali—on the banks of the Ohio River checked all those boxes. Some destinations rise to the top of meeting bucket lists because of their history. Others for their natural beauty, and still others for their dynamic business credentials. This is a great time to think about models,” he said.

Banking 246