As CEO, Patrick spearheads the firm’s strategy and vision, while also championing a new approach to revenue management. Under his leadership, Duetto has grown to nearly 100 employees supporting more than 1,000 hotel and casino properties around the world. Before founding Duetto, Patrick was Director of Yielding and Business Strategy for Wynn Las Vegas.
How Hotels Should Respond to Airbnb’s Growing Ambitions
At its Airbnb Open conference in November, the sharing economy platform unveiled Airbnb Trips, its foray into guided tours and events. Whatever effect it has on Airbnb’s $30 billion valuation is not for me to say, but I think it portends different things for branded and independent hotels.
I keep thinking back to Greg Marsh’s closing keynote address at the Revenue Strategy Summit this past summer in Washington DC. The founder of OneFineStay said the hotel industry would look fundamentally different in the next two decades:
Is it already time to abandon the hotel loyalty pricing strategies that were, until recently, so highly touted for their potential to stave off OTAs? Definitely not, but they should be improved through better use of Big Data.