Lanyon acquires Passkey

Events software company Lanyon has acquired group reservation technology provider Passkey.

Lanyon acquires Passkey
Lanyon acquires Passkey

Lanyon, a cloud-based software provider for the meetings and events industry, has acquired Passkey, which offers GroupMAX technology – one of the most widely deployed group reservation technologies in the hospitality industry.

The technology aims to simplify group bookings for event planners by eliminating many of the manual tasks that planners must complete when managing group room bookings.

The technology can also help hotels and convention bureaus to generate more demand and greater revenues per group while capturing savings, improving group profits, and elevating customer service and loyalty.

This acquisition follows Lanyon's merger with Active Network Business Solutions in February to consolidate its technology offering.

David Bonnette, chief executive officer of Lanyon, said: "This acquisition propels us several steps forward in providing a unified technology platform for managing all aspects of meetings and events, while enabling hotels to drive more revenue from corporate travel, and now group bookings.

"A range of industry research indicates that approximately $100bn per year in hotel revenue is associated with group business and room blocks. Much of this business is managed via manual tasks, so there is a clear need for technology that automates these processes. Passkey is a natural complement to our solutions that increase revenue for hotels while making meeting and event planners’ lives easier."

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
'It had Fyre Festival 2 written all over it... but was a great experience'

'It had Fyre Festival 2 written all over it... but was a great experience'

Find out how The Island by Black Tomato won Incentive of the Year and the Grand Prix prize at the 2019 C&IT Awards.

C&IT Award winners 2019: The full list

C&IT Award winners 2019: The full list

A rundown of who came away with the top prizes and commendations on the industry's most prestigious awards night.

5 tips to tempt people back to your event next year

5 tips to tempt people back to your event next year

How can meeting and event planners grow their attendee numbers and turn first-timers into raving fans?

Expert offers advice on unusual dietary requirements

Expert offers advice on unusual dietary requirements

Food and allergen specialist explains why you should take every allergy request seriously.

New 3,000 capacity venue Magazine London launches with big name events

New 3,000 capacity venue Magazine London launches with big name events

North Greenwich venue opens its doors with high-profile industry events announced for Autumn 2019.

Events industry can combat climate change in two key ways, says UN officer

Events industry can combat climate change in two key ways, says UN officer

As people take part in global climate strikes ahead of Monday's UN Climate Change Summit, how can the events industry play its part?

New global executive creative director for 2Heads

New global executive creative director for 2Heads

Latest appointment for the agency will oversee the expansion of creative and design teams.

How voice recognition is changing the industry

How voice recognition is changing the industry

Voice technology is about more than playlists and weather reports - wayfinding is helping to show just how useful the tech is.

'Overtourism does not really exist, it is a media creation'

'Overtourism does not really exist, it is a media creation'

Professor Dimitrios Buhalis explains why there's no such thing as overtourism, just bad management of destinations.

Bruges to open new convention centre in 2021

Bruges to open new convention centre in 2021

Famous Portuguese architect has made natural daylight a top selling point of the new city-centre venue.

LATEST JOBS