BEONx

Research conducted by BEONx, revenue solution provider for hotels in Europe, reveals that, since late 2021, following the impact of COVID-19 on tourism, a shift in trends has driven remarkable growth for hotels, allowing the sector to recover quickly and reach pre-pandemic 2019 levels.

BEONx, a travel technology company committed to revolutionising revenue management strategies and achieving profitability for hotels, announces it has secured NextGenerationEU funding via a grant from SEGITTUR.

At the recent edition of FITUR in Madrid, at the joint stand of BEONx and Hotelverse, a round table discussion was held on a key topic: “Sustainability as a lever for profitability”.

Large companies listed on the stock market have for some time now been required to report on the sustainability impact of their corporate travel. But in Europe such requirements are going to be extended to companies with as few as 500 staff with the introduction of the EU Corporate Sustainability Reporting Directive (CSRD) in January 2024.

Nearly three months on the industry has had time to analyse the impact and reflect on what this means for the wider travel and tourism space, including those selling accommodation.

Since the pandemic, hotel room rates have been increasing drastically and this summer saw travellers paying prices that well exceeded 2019’s prices or any ever seen before.

Recently two US senators introduced the Junk Fee Prevention Act, specifically targeting airline and hotel resort fees. This will require airlines and hotels to display their full prices upfront and stop ‘surprise’ fees. 

Amadeus’ Demand360® subscribers using the BEONx Revenue Management System (RMS) can now gain access to the in-depth, forward-looking market insights provided by Amadeus’ business intelligence solution in their RMS

The recent Earth Day (22nd April) and World Environment Day (5 June) brought with them inevitable stories about shameful greenwashing – from oil giants to global banks to car companies.  

As the global hospitality industry continues to evolve, sustainability is emerging as a key factor that not only aligns with consumer values but also significantly affects a hotel’s online reputation and financial success.

Travel technology industry experts explain how both travel suppliers and travel intermediaries are using technology as an edge to make sure they don’t miss out on the one-off boost to tourism from the Coronation of Charles III this coming weekend in London.

BEONx and ThePower Business School have announced the launch of a new formative programme that will revolutionise the industry. 

Beonprice – one of the world’s hotel revenue management providers – has set out on a mission to persuade the hospitality industry to “abandon the dependence on RevPAR and occupancy rates metrics” and adopt “total sustainable profitability” opportunities to thrive in a post-COVID world.