SiteMinder Reveals the Top 12 Hotel Booking Revenue Makers of 2018
SiteMinder, a guest acquisition platform for hospitality, unveiled its annual lists of the channels that brought the highest total booking revenue to hotels in the USA & Canada and other top travel destinations around the world in 2018. Varying from direct hotel websites to a new host of third-party channels, the diversity of the lists this year reflects a rise in consumer choice that is forcing hotels to compete for business on more booking channels than ever before.
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% growth in the last decade, including over 13% over the past year, alone.
SiteMinder found almost 20 instances of booking channels making a first-time appearance in its lists. So, while the more popular brands continue to dominate, SiteMinder is seeing a broader range of players emerging. This trend reflects not only the ever-growing list of options now available to travelers 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.
Based on total gross revenue made for SiteMinder’s customers in the USA & Canada, the top 12 hotel booking channels in 2018 were:
“The number of trips taken to USA & Canada reached 96.2 million last year, a rise of 27% 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,” says James Bishop, Senior Director - Global Demand Partnerships at SiteMinder. “Our list shows which channels secured the highest total sales for the country’s hotel economy. Notably, Rakuten’s appearance once again proves the growing value of Japanese travelers to the local hotel market. It is one to watch.”
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