NEW YORK, NY — (April 2021) - The Leading Hotels of the World, Ltd (LHW) is pleased to announce collaboration with four new companies under their Leading Strategic Sourcing (LSS) program. The additions include luxury-focused Wholesale Partners Bonotel Exclusive Travel, TripArc and Fastpayhotels, along with ￼OTA Insight, the leading Rate Parity and business intelligence platform.
LHW has worked with long term strategic partner DayBlink GPO to create a strategic group purchasing program that harnesses the collective buying power of our network of independent luxury hotels. The program helps hotels capture new demand and find new customers through numerous sales and marketing channels as well as creating other business value in other strategically important categories.
Now, with the addition of Bonotel Exclusive Travel, TripArc, Fastpayhotels, and OTA Insight to LSS, LHW is empowering its members to drive recovery, reinforce rate parity and increase efficiencies on property.
OTA Insight empowers smarter revenue and distribution decisions through its solutions: Market Insight, Rate Insight, Parity Insight and Revenue Insight. The company provides user friendly revenue management tools and is a preferred management solution for over 55,000 independent, local and global chain properties in more than 168 countries.
Bonotel Exclusive Travel presents deluxe hotels throughout the U.S. to tour operators worldwide. The company is a leading inbound tour operator for luxury travel to North America. Bonotel Exclusive Travel’s marketing capabilities and direct access to a high-value international client base, spanning 65+ countries, provides partners with valuable global scale.
TripArc enables access to a comprehensive range of travel products through their proprietary platforms and economies of scale as a luxury global wholesaler. The company is an industry leader in technology, purchasing, finance, HR and marketing. Its expansive and growing network drives profit and efficiencies for hotels.
Fastpayhotels represents the evolution of the current relationship between accommodation, tour operators and travel agencies by offering a transparent, dynamic and digital distribution platform. The B2B distribution channel connects thousands of hotels and travel agents in over 130 countries.
“Due to the impact COVID-19 has had on our industry, we believe this is the right time for LHW to use our scale and identify opportunities to support our members in their recovery. Our team is diligently working to create strategic group purchasing programs that empower hoteliers to stay independent,” said Phil Koserowski, Vice President, Digital Product Development & Marketing, The Leading Hotels of the World. “By harnessing the collective buying power of the LHW network we can create more value for our hotels especially in partnership with important business partners like Bonotel Exclusive Travel, TripArc, Fastpayhotels and ￼OTA Insight who can drive both short-term recovery and long-term sustainable results. Access to partnerships like these, with the enhanced business terms LSS is able to negotiate, is paramount for our independent hotels as the industry recovers and our hoteliers welcome back guests.”