phocuswright
Phocuswright Founder Philip Wolf Dies at 64
PhocusWire | March 17, 2021
March 17, 2021 - Phocuswright founder Philip Wolf died yesterday following a brief illness. He was 64. Wolf, a champion of online travel since the late-1980s, launched Phocuswright, the internet travel research authority, in 1994. After graduating Duke University with a BA in Public Policy Studies and Vanderbilt University with an MBA, cutting his teeth as assistant to the CEO of a New York Stock Exchange retailer and working in the lamp manufacturing business, he entered the travel industry in 1989, as the head of a small agency inside Travelmation. Subsequently, as CEO, he made a name for himself in travel, tourism and hospitality. ...
Hotel Distribution: Stop Predicting, Start Diagnosing
Dori Stein | October 19, 2018
By Dori Stein, CEO at Fornova There is a fine line that separates guesswork and prediction - the quality of data and analysis. The hospitality sector is not unique in exploring for ways to take advantage of the opportunities in data-driven approaches to boost revenue and profit. Many revenue managers are already doing exactly this with revenue management systems and pricing - predicting demand, competition and optimal pricing. Modern hotel distribution, on the other hand, is a different playing field. And the advantage is going to hotels and chains adopting an agile execution and diagnosis-led data, compared to the traditional planning ...
Sweet Inn Partners With Fornova, Taps Machine Learning to Dynamically Price Its 500 Apartments
Fornova | July 17, 2018
Sweet Inn builds its own Dynamic Pricing tool combining internal BI and Distribution Intelligence from Fornova to optimise pricing, at scale. Tel Aviv and London, 17 July 2018 - Sweet Inn and Fornova have announced that they are teaming up, as Sweet Inn builds its own Revenue Management System (RMS), leveraging Distribution Intelligence from Fornova. Sweet Inn's newest digital crown, a data-driven software platform, will enable company to automatically optimize the pricing of its properties, as Fornova extends it Distribution Intelligence platform scan the rapidly growing vacation rental market. Phocuswright research1 reported that mor...
Paving the Way to the Future: Round up of the Award-Winning Hotel & Travel Tech Startups to Watch
Alan E. Young | March 21, 2018
By Alan E. Young Today's world is constantly changing, and the travel and hotel industry is facing many technological challenges and intense competition. When competition is at such a fever pace, innovation is everything. Across various platforms and specialties, we are seeing the enthusiastic embrace of ambitious thought leaders, entrepreneurs and start-ups who are fearlessly carving out their vision of the future. In the past, there were yearly events that enabled travel and hotel technology providers to showcase their current solutions to prospective buyers. Now, due to the rapid change of technology and its impact on the industry, a...
Only One Thing Will Disrupt OTAs (and It Ain’t Blockchain)
Douglas Quinby | January 30, 2018
by Douglas Quinby OTA bashing is about as old as OTAs themselves. It's been bountiful fodder for media hype and conference roundtable hysterics for decades. We've heard it all before, from airlines, hotels and the myriad technology companies, startups and consultants that seek to serve them: OTAs are expensive, innovation-stifling gatekeepers who add far more cost than they deliver in value to travel brands or consumers. So many innovations – from GNEs (anyone remember those?) and NDC to metasearch and loyalty programs – were supposed to spell the death knell for OTAs. Just one thing: it never happened, and all those...
Local Measure to Compete at Phocuswright’s Innovation Summit, November 15th
Local Measure | November 10, 2016
Phocuswright – Los Angeles, CA – 14–17 November 2016: Local Measure, the leading location-based social platform for hotels and the tourism industry, will present at the Innovation Summit at PhocusWright Conference, November 15, 2016. Having won numerous accolades in its home city of Sydney, Australia, Local Measure will participate as an Innovator at the event, which covers the worldwide travel industry. Innovators present their market changing innovations in order to compete for travel's most coveted awards. "Presenting on the main stage at this iconic event is testimony to the great technology and team that we have b...
Declining Number of U.S. Leisure Travelers Choose Destination Based on Prior Experience
Phocuswright Inc. | July 15, 2016
NEW YORK, July 15, 2016 – In 2015, only 26% of U.S. leisure travelers chose their destination based on a prior experience, down five points from 2014, according to U.S. Consumer Travel Report Eighth Edition, a new report from travel industry research authority, Phocuswright. This dip means travelers are looking for new places to visit and unique experiences to check off the bucket list. This shift can be attributed to several factors, like bigger budgets, traveler age, and the impact of social media on trip motivation. "Leisure travelers have many reasons for packing their bags and heading off to destinations away from home,&...
LeisureLink CEO Takes Center Stage at Phocuswright Travel Innovation Summit
LeisureLink | November 11, 2015
Phocuswright selects LeisureLink to present the company's latest travel innovations that are shaping the future of the vacation rental industry LeisureLink™, the industry leader in vacation rental distribution and technology, announced today that CEO Julian Castelli has been selected among the top travel industry innovators to present its latest advancements at Phocuswright's Travel Innovation Summit. The two-day summit showcases the next wave of transformation in travel technology and takes place in Hollywood, Florida. LeisureLink has been at the front-line of vacation rental industry innovation since 2007 and has delivered over ...
