Thanks to Katanox’s streaming distribution capabilities, TrustedStays is able to channel business-to-business supply and demand.
Katanox, the travel accommodation distribution and fintech platform, announced today its deal with short-term accommodation provider TrustedStays.
TrustedStays will leverage Katanox’s streaming distribution capabilities to connect travel management companies with their network of thousands of accredited properties and property managers, giving business travellers access to short stay apartments and home stays.
This opens up a unique and substantial new supply market for corporate bookers that has historically been challenging to book via legacy channels. With growing trends such as the blending of business and leisure travel (known as bleisure) and business travellers taking longer but less frequent trips, short stay apartments are in high demand.
Serviced apartments offer business travellers a wide range of potential locations to meet their needs, as well as their own private space, a kitchen, living area and security for peace of mind. They provide a sustainable solution for businesses booking accommodation for their employees as well as flexible payment solutions through Katanox’s fintech software.
For example, the serviced apartment sector continues to grow its share of corporate accommodation spend while alternative accommodation is also gaining traction among business travellers, according to the 2023 edition of the Global Serviced Apartment Industry Report.
Fifty-three percent of corporates surveyed for the report said they are now using serviced apartments for business travel more than they were twelve months ago, while 39% report increased use for project or assignment work.
Average length of stay is also set to rise, as 89% of corporates predict this will increase or stay the same in 2023, while 87% of agents reported an increase among their clients, compared to 45 per cent in 2022.
“Katanox is at the forefront of hospitality technology, connecting supply to travel management companies in an efficient way. Their single point of entry (API) into the market on both the supply and demand side enables us to scale as efficiently as possible,” said Merilee Karr, CEO, TrustedStays.
“By working with Katanox, we are able to bring a new and rapidly growing form of accommodation to corporate travel bookers, opening up a host of new opportunities for ourselves and travel management companies.”
All TrustedStays property partners are independently accredited by its accreditation partners, including Quality in Tourism, ensuring safe, clean and secure accommodation for employees during work trips and relocations.
“What’s unique about our partnership with TrustedStays is it not only brings additional supply for our travel management company partners, but an entirely new kind of supply, which is becoming more popular among business travellers,” said Mendel Senf, co-founder, Katanox.
“As the hospitality space expands and evolves, our platform will evolve with it, ensuring we provide the very best opportunities for accommodation sellers and buyers.”
Katanox is a travel accommodation distribution and fintech platform bringing together travel sellers and travel accommodation providers. Katanox facilitates distribution of travel accommodation inventory and payments. The platform is unlocking the programmatic era for B2B distribution in hospitality. The team is led by Mendel Senf, Georgios Georgiadis, Imre Vogelezang and Paul Beukers and supported by a group of experienced industry professionals.
TrustedStays is an industry-first platform for professionally managed, accredited home accommodation for business travellers, in partnership with Quality in Tourism, STAA and the UKAA. It provides a trusted route for government and corporates to offer apartments and homes as an option to their employees when they travel, through their approved booking systems. The team is led by Merilee Karr CEO, Richard Bridger COO and Jonny Wilkes CFO of the UnderTheDoormat Group as well as Dave Butler Ex-CEO of the UKAA (UK Apartment Association).