The coronavirus continues to wreak havoc on the world economy. The increase in the number of cases around the world and the uncertainty generated after the international alert declared by the World Health Organization (WHO) has caused the trend of travel reservations to fall. The future of the tourism sector is currently based on the ability of its companies and professionals to understand and anticipate the new needs of travellers. A very complicated challenge indeed, but fortunately, there are now tools available that will enable us to pave the way, tools that were totally unthinkable just a few years ago. In the face of the Covid-19 and counting on more than 3TB of data, more than 20 thousand daily reservations and more than 3 billion searches a day, the TravelgateX data team has created a control panel with this valuable data and made it available to all the travel companies completely free of charge.
TravelgateX's specialized Insights-X tool is what enables a hotelier or an OTA manager to see clear demand trends before bookings materialize; discover what products the traveller will appreciate the most and be willing to pay for. Essentially, it allows its users to know the values, strengths, weaknesses and threats travel businesses are currently facing and make the necessary decisions that will lead them to success. Thanks to this new control panel, many travel companies will be able to visualize data in real time that will help them improve their strategies and predictions for the coming months of the tourist season. Those interested will have access to reservation and nationality share comparing 2019 and 2020. They will also have access to the ADR (average daily rate) as the situation we are facing is changing on a daily basis, and as a result, many companies will have to readjust their rates according to demand. Those interested can access the bookings being monitored from the last seven days through the following link "Travel Industry COVID-19 Monitoring".
TravelgateX wants to collaborate and help the sector by making its valuable Insights-X tool available to all free of charge. It will not only offer cold facts but also answers to the many doubts any travel industry professional may have when starting a decision-making process, whether that be the end of the year balance, the planning of the approaching season or long term plans. We are therefore offering a free tool which can help analyse the current situation and make informed decisions.