News Briefs
- 4/29/2025
Beyond Launches Market Trend Reports to Expand Access to Short-Term Rental Revenue Insights
Beyond, a provider of revenue management for the short-term rental sector, announced the launch of Market Trend Reports, a new feature within its Market Insights dashboard. This new, free functionality provides users with essential, real-time short-term rental market data, allowing them to analyze revenue projections and performance metrics in any market worldwide.
The launch of Market Trend Reports comes as the global short-term rental market is projected to reach $341.9 billion by 2033. Even as traveler demand continues to fluctuate, from COVID through today’s current economic climate, the industry continues to grow. This has increased the need for reliable, real-time market data to make more informed investment decisions. Beyond’s Market Trend Reports give anyone, anywhere, access to this critical short-term rental data.
“We know from past market fluctuations that the travel industry is recession resilient — travelers might choose to drive to a destination instead of flying, but the desire for a new experience doesn’t diminish during periods of economic uncertainty,” said Gerard Murphy, Vice President of Product at Beyond. “We’re excited about the possibilities with Market Trend Reports and look forward to seeing how property managers, hosts and investors use this data to confidently make the right decisions to grow their businesses.”
Market Trend Reports offer a comprehensive view of market conditions, helping users make smarter revenue decisions. Key features include:
- Revenue Projections: Estimate potential earnings for rental properties in any global market.
- Performance Benchmarks: Compare key metrics by listing type and location.
- Unlimited Market Analytics: Access insights to understand demand trends and pricing opportunities.
- Custom Reports: Create and share custom PDF reports with detailed market trends and revenue projection data.
“With Beyond, we were able to make informed decisions based on real-time data, gain visibility into property performance and tailor pricing to the preferences of different guest segments,” said Myles Mellor, Knockerdown Holiday Cottages.
This launch follows the recent rollout of several new Beyond features, including:
- Owner Insights: Showcase performance with customizable dashboards and share strategy with homeowners.
- Dynamic Time-Based Adjustments: Automatically fine-tune pricing to meet shifting market conditions.
- Search Powered Pricing: Customers are making thousands more dollars each month by capturing consumer demand and using that to adjust nightly prices, automatically
Click here to learn more about what’s happening in your market today, using Beyond’s free Market Trends!
- 4/28/2025
Sabre Sells Hospitality Solutions Business Unit to TPG for $1.1B
Sabre Corporation, a technology provider to the global travel industry, and TPG, a global alternative asset management firm, announced the signing of a definitive agreement under which TPG has agreed to acquire Sabre's Hospitality Solutions business ("Hospitality Solutions") for $1.1 billion in cash. TPG will invest in Hospitality Solutions through TPG Capital, the firm's U.S. and European private equity platform.
The transaction will establish Hospitality Solutions as a standalone business, providing dedicated resources for growth and continued expansion as the core technology platform for hotels globally. Hospitality Solutions provides software and solutions to more than 40 percent of the world's leading hotel brands. The SaaS based platform serves as an integrated system of record for reservation and guest information, enabling hoteliers to operate with greater accuracy and efficiency. Hospitality Solutions is distinct from Sabre's hotel B2B distribution business, which remains a strategic area of investment for Sabre.
Sabre's expected cash proceeds, net of taxes and fees, of approximately $960 million, will be used primarily to pay down debt, enabling Sabre to improve its balance sheet, optimize focus on its core business, and continue its focus on long-term sustainable growth. This announcement is the latest in a series of strategic financial moves by the Company, including debt refinancings in December 2024 and the recent repayment of April 2025 debt maturities, to:
- Reinforce Sabre's disciplined capital allocation framework;
- Improve its capital structure; and
- Enhance its ability to continue to opportunistically refinance remaining debt maturities.
These actions are consistent with Sabre's focus on driving long-term shareholder value by optimizing its product portfolio and accelerating its path to a long-term net leverage target of 2.5x to 3.5x.
"The $1.1 billion sale of this business is a testament to the transformation that the Hospitality Solutions team has driven over the past few years," said Kurt Ekert, President and CEO of Sabre Corporation. "This divestiture positions Sabre to focus on our core airline IT and travel marketplace platforms. We are confident that TPG's investment approach and expertise will drive significant value to all of Hospitality Solutions' customers."
Sabre purchased SynXis, the core of its hospitality business, in 2005. In the 20 years since, the Company has continued to evolve the platform and invest in capabilities and solutions, such as Retail Studio. Today, a number of the largest and most premium hotel brands in the world rely on Hospitality Solutions as their central reservation platform.
"Hospitality Solutions' platform is central to its customers' ability to manage and deliver great experiences for guests," said Tim Millikin, Partner at TPG. "We have a long history of partnering with mission-critical software businesses like Hospitality Solutions that – with the right combination of capital and operational focus – can achieve meaningful growth. The transaction exemplifies our thematic investment approach and distinct carveout expertise, and we look forward to working with the team to enhance and expand the Hospitality Solutions platform."
"The hospitality industry continues to evolve rapidly. Hospitality Solutions' tailored offering is enabling hotels of all types to meet guests where they are and truly prioritize their needs," said Paul Hackwell, Partner at TPG. "The transaction brings together our decades of investing experience across the travel and software sectors, and we look forward to working with the team to build the platform into a comprehensive technology provider for the hospitality industry."
TPG has deep experience executing corporate carveouts to support and grow innovative software businesses, with investments that have included Boomi, Elite, Everfox, McAfee, and Wind River.
In addition to the purchase agreement described above, the parties expect to enter into a transition services agreement, pursuant to which Sabre will provide certain services following closing to assist in the transition of the Hospitality Solutions business. The transaction has been approved by Sabre Corporation's Board of Directors and is expected to close by the end of the third quarter 2025, subject to customary closing conditions and regulatory approvals. The closing of the transaction is not subject to any financing conditions.
For further information regarding the terms and conditions contained in the definitive transaction agreement, please see Sabre's Current Report on Form 8-K, which will be filed with the U.S. Securities and Exchange Commission in connection with the transaction.
- 4/25/2025
Hotel Tech Start-up SelfServe Launches BETA Platform
SelfServe, a next-gen hospitality tech startup, is officially launching its BETA platform—an AI-driven guest engagement solution designed specifically for boutique and independent hotels. The platform transforms the traditional front desk into a digital-first experience, giving guests total control from the palm of their hand, whether they’re poolside, in-room, or planning before check-in.
SelfServe enables guests to:
- Book tailored packages in-app
- Request services and amenities on demand
- Adjust room settings remotely
At its core, SelfServe centralizes property management systems (PMS) and third-party tools into one intuitive interface breaking down data silos, speeding up response times, and eliminating language friction for both staff and international travelers.
What sets SelfServe apart? Deep-learning analytics.
With every stay, SelfServe captures high-quality behavioral data, empowering hotels to build dynamic guest profiles that unlock hyper-personalized experiences, loyalty-driven upgrades, and data-backed service improvements.
“This isn’t just automation, it’s personalization at scale,” said Kush Mallick, CEO of SelfServe. “We’re giving small hotels access to the kind of intelligence and seamless service that was previously only available to large chains.”
SelfServe is currently onboarding a select group of properties during its BETA period.
Try the Demo : www.selfserve.tech
Talk to the Founder : https://calendly.com/kush-selfserve/demo - 4/24/2025
LG Commercial Displays Earn Top Rating in B2B Sustainability Assessment Program
LG Electronics has been singled out as the only supplier of commercial displays recognized for environmental sustainability excellence in the foremost third-party assessment of suppliers to the U.S. hospitality industry, earning the MindClick Sustainability Assessment Program (MSAP) “Leader” rating for the 10th consecutive year.
Announced during Earth Week 2025, LG hotel TVs, digital signage displays and computer monitors have earned the “Leader” rating for their hotel impact, guest health, end-of-use and responsible supply chain.* Overall, LG earned the Leader rating for hotel TVs, digital signage displays and monitors with sustainable content. According to MindClick, LG is “making big strides in sustainability – reducing carbon impact, increasing sustainable materials, and cutting down on packaging waste.”
The MSAP is an annual manufacturer assessment evaluating the sustainability of product lifecycles, validated through MindClick’s rigorous audit process. Suppliers are rated in one of three levels: Starter, Achiever and Leader. Initially, only suppliers to Marriott International participated in the assessment; in recent years the program has expanded to include more suppliers, and their results are shared with additional brands, ownership groups and purchasing agents, such as Fairmont, Four Seasons, Hilton, Hyatt, Sonesta and others.
Among other things, the program measures metrics such as carbon footprint, use of sustainable materials, recyclability, and avoidance of chemicals of high concern. Suppliers are rated in one of three levels: Starter, Achiever and Leader.
*EDITOR’S NOTE:MSAP metrics, according to MindClick: Hotel/Facility Impact looks at Reducing Energy, Water, and Waste consumption at the sight of the product’s installation; Guest Health looks at Indoor Air Quality and Reduced Toxins; End of Use looks at products that have take-back programs, are reusable, are recyclable, or biodegradable; and Responsible Supply Chain (Manufacturing Social) looks at Child Labor, Discrimination, Environmental Law Compliance, Forced Labor, and Freedom of Association.
- 4/24/2025
Choice Hotels International Introduces Mews as Newest PMS Option for International Franchisees
Choice Hotels International is introducing Mews as a property management system (PMS) option for international franchisees. The platform is designed to connect with Choice Hotels’ proprietary tools and systems using Mews’ PMS for enterprise-scale hospitality brands and offers robust integrations, intuitive workflows, and cloud-native architecture. It will enhance connectivity, streamline operations and drive guest loyalty across Choice Hotels’ growing portfolio using Mews’ next-generation PMS.
Mews will be integrating with choiceEDGE, Choice Hotels’ proprietary, cloud-based, customer reservation system to provide real-time rate updates and availability across all booking channels, while enabling frictionless guest interactions. Choice Hotels’ franchisees can expect to see:
- Full Data Visibility - Real-time access to property-level data, enabling strategic, data-driven operations.
- Operational Efficiencies - Smart automation tools designed to reduce manual tasks in front desk operations, housekeeping, and payments, improving staff productivity.
- Scalable Growth - A flexible infrastructure that adapts to Choice Hotels’ diverse brand portfolio, while maintaining service consistency.
- Enhanced Guest Experience - Personalised, frictionless stays powered by real-time data insights.
Commenting on the agreement, Brian Kirkland, Chief Information Officer for Choice Hotels said: “As hospitality evolves, expanding our international connectivity and platform options are essential to franchisees. This agreement with Mews will provide another cloud-based platform option to serve Choice hotel owners outside of the U.S. with a tool that can meet their region-specific needs.”
Matt Welle, CEO of Mews said: “We’re excited to help Choice Hotels set a new benchmark in modern, connected hospitality and this agreement marks another significant milestone for Mews as it continues to expand its footprint in the enterprise hospitality space.
“Mews was built to empower enterprise hotel groups with a flexible, scalable, and open ecosystem. Together, we’re redefining the future of hotel franchising with innovation, efficiency and exceptional guest experiences.”
Choice Hotels has built and introduced industry-first owner-facing technologies, including:
- In 1995, Choice launched the first hotel website with real-time rate and availability information.
- In 2003, Choice launched the first cloud-based property management system (PMS), choiceADVANTAGE.
- In 2009, Choice released the first hotel app for iOS.
- In 2014, Choice became the first hotel company to offer instant booking on TripAdvisor. That same year, Choice was the only hotel company listed on Forbes' Top 100 Most Innovative Growth Companies.
- In 2016, Choice became the first hotel company to offer immediate in-app gift card downloads.
- In 2018, Choice launched choiceEDGE, the industry's first cloud-based central reservation system (CRS).
- In 2019, Choice became the first hotel company to commit to being 100% on AWS (Amazon Web Services) Cloud.
- In 2021, Choice launched ChoiceMAX, an award-winning AI mobile-first revenue management solution.
- In 2024, Choice announced the closure of its last data center, making it the first major hotel company to migrate its entire system infrastructure to AWS.
Notes to Editors
*The Radisson brands outside of the Americas are owned by Radisson Hotel Group, an unaffiliated company headquartered in Belgium, and are not eligible for participation. WoodSpring Suites® locations are not participating in Choice Privileges. At locations in Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden customers can only redeem (not earn) Choice Privileges points.
- 4/24/2025
Cvent Acquires Prismm, Spatial Event Design Tech Provider
Cvent, a meetings, events, and hospitality technology provider, announced that it has acquired Prismm, a provider of spatial event design technology. More than 5,500 event venues, hotels, planners and vendors rely on Prismm to connect and collaborate within virtual environments to create stunning event spaces and experiences. The acquisition of Prismm reinforces Cvent’s commitment to setting the industry standard for immersive 3D event diagramming technology that benefits both event and hospitality professionals.
“In today’s digital-first landscape, online collaboration is mission critical to get business done, and in an uncertain environment, you need more ways to engage and interact with customers and prospects to ensure you’re on the same page,” said Jim Abramson, Cvent Vice President of Product Management. “Given our expansive global network of more than 145,000 planners and nearly 340,000 hotels and venues across our Cvent ecosystem, we understand what time-strapped event professionals and resource-constrained hoteliers need to deliver bigger and better events. Collaborative, easy-to-use virtual event design technology has become an expectation among many event organizers, and our acquisition of Prismm illustrates that we’re continuing to invest to meet this demand, while helping hotels and venues simplify their event planning processes and maximize group business revenue.”
“Over the last 12 years, we have worked relentlessly to empower our customers to connect, collaborate, and transact across immersive virtual environments, and we’re proud to announce this next chapter as part of Cvent,” said Yaron Lipshitz, CEO of Prismm. “Combining our 3D design capabilities with Cvent's extensive network and industry expertise will empower event professionals and hoteliers to create unforgettable experiences and drive significant business growth.”
Benefits of immersive, interactive event design technology include:
- For Hoteliers and Venue Operators
- Streamlined Event Creation: Online diagramming tools that are accessible to all key stakeholders reduce planning time and increase event design accuracy.
- Elevated Sales and Marketing: Dynamic 3D virtual tours allow prospects to explore every aspect of a property and meeting space from anywhere.
- Improved Customization and Competitive Differentiation: Offering cutting-edge event design technology can set hoteliers apart from their competitors, while personalized virtual “walkthroughs” with branded elements help bring a prospect’s vision to life and leave a lasting impression.
- For Event Professionals
- Simplified Sourcing: When time and budgets are constrained, online diagramming tools accelerate and optimize the venue sourcing process via virtual site visits and accurate space visualization. This helps planners quickly identify which venues are best suited for their needs based on layout, capacity, and overall fit.
- Enhanced Planning: Precision floor plans and templates enhance the ability to visualize layouts, seating arrangements, and decor, ensuring precise planning and execution. Planners can easily identify potential issues and adjust before the event, leading to a smoother and more successful experience.
- For Both Hospitality and Event Professionals:
- Improved Collaboration: Cloud-based diagramming enables real time collaboration with all stakeholders and decision-makers.
- Seamless Communication: With advanced spatial design tools, planners can share detailed virtual representations of event spaces with clients, vendors, and stakeholders. This fosters better communication and simplifies decision making.
Nfluence Partners acted as the exclusive financial advisor to Prismm on the transaction.
- For Hoteliers and Venue Operators