Saturday 4 May 2024
 
»
 
»
Story

Booking.com 'top revenue-generating hotel booking channel in ME'

LONDON, February 6, 2019

Booking.com was ranked the top revenue-generating hotel booking channel for hotels in the Middle East in 2018 by Siteminder, the leading cloud platform for hotels.

Reaffirming the value of having a diversified hotel distribution strategy, the lists of the top-performing booking channels once again feature a range of both B2B and household consumer channels – from OTAs to hotel websites, wholesalers and global distribution systems.
 
Speaking on the lists, SiteMinder’s managing director, Mike Ford, said the increased diversity is also indicative of a booking landscape that has exploded in recent years and is showing no signs of slowing. According to Euromonitor International, global online hotel sales have surpassed $264 billion to represent over 170 per cent growth in the last decade, including over 13 per cent over the past year alone.
 
“This year we found almost 20 instances of booking channels making a first-time appearance in our lists. So, while the more popular brands continue to dominate, we are seeing a broader range of players emerging. This trend reflects not only the ever-growing list of options now available to travellers booking their stay, but the subsequent need for hotels to be on more booking channels than ever to keep up with today’s endless paths-to-purchase,” said Ford.
 
Based on total gross revenue made for SiteMinder’s hotel customers in the Middle East, the top 12 booking channels in 2018 were:
1. Booking.com
2. Expedia
3. Hotelbeds (incl. GTA + Tourico)
4. Agoda
5. Hotel websites (direct bookings)
6. Global distribution systems   
7. Goibibo
8. HRS - Hotel Reservation Service
9. Mr & Mrs Smith
10. Destinations of the World
11. Hotusa
12. HotelsCombined

“The number of trips taken to the Middle East surpassed 72 million last year, a rise of over 20 per cent from 10 years ago. While this growth presents opportunity, the sheer volume also presents hotels with the challenge of acquiring business from a changing mix of potential guests,” said Michael Edinger, regional manager - Middle East at SiteMinder.

“Our list shows which channels secured the highest total sales for the region’s hotel economy. Notably, the appearances of both Mr & Mrs Smith and Destinations of the World show the effectiveness of these channels for a region rich with some of the world’s most luxurious hotels.”
 
SiteMinder’s platform processed over 87 million online bookings in 2018 – a rate of 166 per minute. The bookings totalled $28.7 billion in revenue for its 30,000 hotel customers globally. - TradeArabia News Service




Tags:

More Travel, Tourism & Hospitality Stories

calendarCalendar of Events

Ads