Duetto introduces free market report tool for hoteliers

Monday, April 20, 2020

Cloud-based hotel revenue management software and revenue strategy solutions platform, Duetto recently launched the completely free and date-driven market demand report system. The Duetto Pulse Report would help hoteliers analyse key metrics including bookings, cancellations and website traffic in the US, Europe, and the Asia Pacific.

The pulse report provides a bi-weekly analysis of market demand from hotels using the Duetto platform. It is built by Duetto’s team of revenue experts and analysts. The tool is readily available for all hoteliers around the world and completely free of cost.

The tool comes in a time when the hotel industry is battling against the coronavirus pandemic. Authorities are therefore expecting certain fluctuations with regards to the COVID-19 outbreak and travel restriction directives from governments and the World Health Organization. The Duetto Pulse Report is based on weekly data from hotels using the Duetto platform.

The very first report highlighted the time period starting from March 2 until April 5. According to the reports, travelers are already intending to resume travel activities as soon as possible. In the US and Europe, cancellations flatten by August 2020 and bookings for October 2020 are already trending ahead of 2019. APAC is trending slightly ahead, with the data showing cancellations flattening by July 2020.

David Woolenberg, Chief Executive Officer, Duetto said in a press statement that the company is committed to providing all hoteliers with access to actionable insights. He mentioned that Duetto aims to help the hospitality industry at the hour of need and prepare them for the forthcoming recovery.

He further added that with many hotels closing or with single-digit occupancy the hospitality industry is in crisis at the moment. He also said that despite the present situation the industry should think about and plan for the recovery. He informed that with the help of the tool hoteliers who are currently preparing a strategy for recovery will be best positioned to capitalize on early demand.

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