Passkey Bookings Up 40%
Thursday April 18th, 2013 - 9:34AM U
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WALTHAM, MA—Passkey International reported its 2012 hotel bookings grew by 40% over the prior year, exceeding 25 million room nights and $4.5 billion in net hotel revenue processed.
Over the past three years, Passkey processed more than 20 million hotel reservations, 50 million room nights and $10 billion in hotel revenue, according to the company,
Passkey is a hotel-booking technology for meetings and events utilizing cloud-based platform, GroupMAX.
Tags: • Hospitality • Social Media •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.