Fritz Zerweck: Leveraging Technology to Transform the Hotel Industry
The 10 Trailblazing CEOs Revolutionizing Business World 2020
Travelling is always a delightful experience, be it for work
or pleasure and one of the most vital factors that can make your travel a
memorable one is the hotel stay. We often spend hours on research and browse
through several hotel websites, before planning a business trip to ensure that
each box is checked, which can be very taxing and time-consuming, especially
during a business travel. A one-stop shop that meets every accommodation need
can work as a perfect solution to ease out this tiresome process. With this
vision in mind, ehotel® was founded to
cater to every requirement in terms of comfort, service, scenic view, food, and
value for money.
ehotel® is a hotel solution provider that primarily targets
corporate customers by offering an end to end solution from planning to hotel
booking until central payment and billing. Originally founded in 1998, ehotel®
rose to fame within two years and became one of the first online booking
portals for hotel rooms and thus one of the pioneers in the industry. With a
glorious history of 20 years, ehotel® is still expanding extensively under the
profound leadership of Fritz Zerweck who joined the company as the managing
partner in 2006. Zerweck, who is now the CEO of the company, shares the success
journey of ehotel® and a few inspiring insights from his experience.
The Beginning of Success
The company was founded in 1998 as bedhunter GmbH, however
in 2000, after merging with the ehotel® service, an independent company was
established called ehotel AG, which is headquartered in Prenzlauer Berg in
Berlin, today. Catering to the market need in the founding days, ehotel®
specialized in cheap hotels for business travelers. They used mobile WAP
technology (Wireless Application Protocol) that made it possible to book
business travel hotels around the world on mobile phones.
Since then, the company kept improving its services and
created new techniques to meet the growing demand of its customers. After
Zerweck took over the management, in 2006/2007, ehotel® set today’s standard in
the industry with the integrated payment and billing solutions in the
individual and event area, which were expanded in 2015 with the “central
billing” services independent of credit card companies. As a result of their
future and creative thinking capabilities, ehotel® has established itself as
one of the best hotel solution providers.
ehotel® has grown
quite naturally because it was never focused on fast money or achieving simple
success. They wanted to develop their idea of an independent platform to
simplify the search for affordable hotel rooms and related booking procedures
for business travelers in the best possible way. “We were able to do this, and
success came gradually by itself. For 19 years we put the business traveler at
the center of everything we do and have been rewarded several times for the
service we offer.”, Zerweck, shares.
The Story of a Passionate CEO
Zerweck started his career in a completely different field,
which was the secondary construction industry. His parents ran a successful
secondary construction industry and it seemed like an obvious fact that
Zerweck, would take over the business one day. However, Zerweck was looking for
something more than just an easy business, which led him to move away from home
and study economics. As time and fate played its course, Zerweck ended up on
the board of directors at ehotel®. Since then, he has been able to combine his
passion for travel with a talent for financial management and an interest in
modern technology. “Maybe my advantage is that I don’t have a classic hotel
management background but can see the business from the outside – as the
manager of a booking platform and a business traveler.”, Zerweck, says.
As the CEO of ehotel®, Zerweck is happy to take responsibility
for the company’s system of cooperation. Under Zerweck leadership, ehotel®
works together as a team, they develop ideas together and celebrate its success
together. “So, with us, no one ever has to ask themselves how to optimize
results alone or which screws should be tightened. We all think together. I
never feel lonely at the top and I would never exploit my position just to have
the last word.”, he adds.
Zerweck cares about his employees and ensures their
satisfaction too. He believes that a company is only as good as its employees.
“Because we work together as a team, nobody is irreplaceable – in the best
sense. Here at ehotel® we take our time: for our customers, for our partners,
for us and our further development.”.
The employees at ehotel® are comfortable. The management takes great
efforts in creating excellent working conditions for its employees. This
includes, not only providing modern workspaces with top equipment, but also a
pleasant atmosphere, good communication structures, fair payment, further
training opportunities, flexible working hours, and keeping their eyes and ears
open. These factors play an important role in keeping the employees at ehotel®,
motivated. What unites the team is the idea, that they like to have satisfied
customers.
Choosing the hotel industry is one of the best decisions
that Zerweck made as a career-oriented individual. It is not a pressurizing
field, unlike the finance field. The hotel industry is customer-centric, which
is very relaxing. On a day off, Zerweck can stay home and unwind, while the
business continues to function. In other words, working together with his team,
is far less pressurizing unlike the finance industry, where you are a lone
warrior.
The Unique Services of ehotel®
One of their strongest unique features is the competitive
and relevant content they offer which is owed to their powerful meta-search
technology and the integration of the corporate hotel program. ehotel® delivers
the largest hotel content and the best available rates not only on its platform
or via mobile apps, but also via global online booking tool like Cytric,
Onesto, etc. To serve their corporate customers throughout the entire hotel booking
process, ehotel® helps them with their central billing solution automating the
processing of hotel booking and invoicing.
In addition to their hotel booking and optional billing
service, ehotel® provides its customers with advanced analytics and rate-auditing
tools to help them make data-driven decision. The analytics system helps the
customers in analyzing their travel streams and saving potentials, while the
rate-auditing tool is the go-to platform to customize their hotel program and
automatically audits and continuously checks the actual rate in the booking
system against their negotiated rate along all dimensions (availability, price,
cancellation policy and breakfast).
Leading the Company to a Brighter Future
While business travelers are under increasing pressure to
travel more cheaply, but also to adhere to their companies’ sustainable
philosophies, ehotel® is paving the way for the future with individual
solutions and optimized processes. They regularly develop their technologies,
never losing sight of their cooperation with the hotels and personal customer
care. ehotel® is not concerned with pure optimization, but with the needs and
constraints of business travelers, which is still the case.
The tourism industry is currently facing a huge overhaul,
which makes it even more important for ehotel® to develop modern technologies
and direct themselves at future-oriented companies. Their vision is to map the
entire complex of hotels in the business travel segment, without any breaks in
the system, because despite enormous customer satisfaction, they never take
their success for granted. “We definitely see ourselves on the market in the
future, which cannot be taken for granted with this crisis. By joining forces,
we will grow from the current situation and emerge from it stronger by finding
new ways to go forward.”, Zerweck, asserts.
ehotel® has changed the dimension of the hotel industry with
new and innovative services. To catch up with the swift pace of the growing
industry, ehotel® focused on the pain areas, addressed them and solved them in
a creative way. This out of the box thinking, made ehotel® a pioneer, leader,
and a successful example of its field. With a team of skilled professionals and
under the resourceful guidance of Fritz Zerweck, ehotel® has a defined roadmap for the
future to change the obsolete practices of the hotel industry and shift focus
on more technology-driven services.