Travelboom Marketing

MARCH 12, 2024

This company, along with others like VRBO , keeps hoteliers on their toes as they continue to compete for occupancy in both top destinations and less-traveled locations. Increase mid-week occupancy by offering a deep discount or convincing deal. So, how does airbnb compete with hotels?

Hotels 52

Hotels Cancellation Digital Marketing Accommodation 52

SiteMinder

MAY 25, 2023

Additional data shows that over 80% of travel bookings are abandoned, compared to the general average of around 70%. The bottom line is that hotels can lose millions of dollars in revenue due to abandonment, especially when you also consider that guests may book a room before delaying payment, and then cancelling altogether.

Revenue 98

Revenue Cancellation Accommodation Hotels 98

Little Hotelier

OCTOBER 11, 2023

For hoteliers, peak travel season is all about making hay while the sun shines. By positioning yourself as the first choice for your target guest, you can charge a higher rates for your rooms – which guests will be more willing to pay given they are competing against so many other travellers.

Maximum Length of Stay 52

Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 52

Amadeus Hospitality

JUNE 20, 2023

Originally published to PhocusWire Exploring today’s traveler expectations as catalysts for change and how the hospitality industry can adapt in the coming years to deliver more seamless journeys Data paints a positive picture for the year ahead in the global hospitality market. Here’s how.

Hospitality 52

Hospitality Travel Occupancy Revenue 52

STAAH

MAY 30, 2023

With the rise of online travel sales and the influence of e-commerce and review sites, accommodation providers must adapt to the evolving distribution landscape. 8) Online Travel Agents (OTAs): Working with multiple online travel agents (OTAs) is crucial for increasing digital distribution and overall occupancy.

OTA 82

OTA Hotels Revenue Travel 82

SiteMinder

OCTOBER 15, 2023

For example, in the morning you may have lower rates because your occupancy is low and demand is not strong. A static rate would be unaffected by external factors such as fluctuations in traveller demand or changes in competitor behaviour. This pricing option is well suited in today’s market and is one many hoteliers opt to use.

Occupancy 59

Occupancy Revenue Hotels Revenue Management 59

SiteMinder

OCTOBER 15, 2023

They can also be known as distribution channels and are crucial for ensuring your hotel maintains a healthy occupancy rate and revenue stream. Examples of booking channels include your own website, online travel agents like Booking.com, metasearch sites like Google, traditional travel agencies, global distribution systems (GDS), and more.

Global Distribution System 59

Global Distribution System OTA Revenue Hotels 59

SiteMinder

SEPTEMBER 7, 2023

Reservation cancellation fees These are charged when guests cancel their bookings, especially if done at the last minute. Extra person fees For rooms exceeding the standard occupancy, an extra person fee is charged to cover the additional costs of amenities and services.

Revenue 105

Revenue Hotels Services Cancellation 105

Hotelogix

NOVEMBER 13, 2023

It would help you sell more rooms and boost your occupancy. The answer to this question is quite simple – if you charge too high, you will lose customers to your local competition that offers reasonable rates for more or less the same type of accommodation and services. Ultimately, this leads to increased profitability.

Revenue 52

Revenue Occupancy Forecasting Minimum Length of Stay 52

eZee Absolute

JANUARY 9, 2023

If you have been thinking of targeting this group of travelers, then here are some of the benefits you would love to learn about: 1. Usually, many digital nomads are successful professionals who have chosen to embrace the nomadic lifestyle and work remotely, allowing them to earn a good income while traveling. Explore new markets.

OTA 52

OTA Hotels Accommodation Travel 52

SiteMinder

JANUARY 8, 2024

There are always new strategies, traveller preferences, or industry technologies emerging to keep track of. From food and beverage to travel and tourism, any role within the hospitality sector requires providing a service to customers. Alternate operations in hospitality often rely on the success of the travel and tourism sector.

Operations 59

Operations Management OTA Hotels 59

Hotelogix

OCTOBER 18, 2023

What is a Hotel Reservation System A Hotel Reservation System is a software solution designed to facilitate and manage booking accommodations and other guest-related services at your hotel.  This leads to better utilization of room inventory and maximizes occupancy rates.

Business 40

Business Global Distribution System Cancellation Hotels 40

eZee Absolute

OCTOBER 16, 2023

This eco-friendly haven has been a tranquil retreat for travelers seeking a perfect blend of serenity and comfort. The resort offers an array of luxurious accommodations, including spacious rooms with panoramic views and more than 46 private cottages ensconced within lush greenery.

Resorts 52

Resorts Tourism Fair Share Operations 52

SiteMinder

JANUARY 8, 2024

There are always new strategies, traveller preferences, or industry technologies emerging to keep track of. From food and beverage to travel and tourism, any role within the hospitality sector requires providing a service to customers. Alternate operations in hospitality often rely on the success of the travel and tourism sector.

Operations 52

Operations Management OTA Hotels 52

Q4Launch

FEBRUARY 3, 2022

Research Booking Pre-Arrival Arrival Occupancy Checkout / Departure Post-stay Research For us, this is called the “Dreaming” phase of the travel life cycle. For example, overly strict cancellation policies can deter some potential guests. Everything should be about the guest experience.

Marketing Strategy 52

Marketing Strategy Upsell Occupancy Hotels 52

Clock Software Hospitality

JANUARY 12, 2021

Travel and accommodation have always gone hand in hand, and in a global economy, it is impossible to imagine what life would be like without either. Potential guests are naturally wary of travelling during a global pandemic, and this is beginning to take a toll on the industry at large.

Hospitality 52

Hospitality Average Daily Rate Scale Events 52

Little Hotelier

JULY 6, 2023

Agoda is a renowned online travel agency (OTA) with a global reach, offering a platform for property owners to list their accommodations and attract potential guests from all over the world. This includes confirming reservations, handling cancellations, and responding to guest inquiries. What is an Agoda listing?

Average Daily Rate 52

Average Daily Rate Revenue Cancellation Management 52

Clock Software Hospitality

DECEMBER 8, 2020

Read more: Upselling as a Way of Improving Guest Loyalty Casting a wide net is one way to ensure full occupancy but it is hardly a profitable marketing approach in the long run. Tip: Six Tips on How to Increase Low Hotel Occupancy in the Off-Season Of course, this doesn’t need to be the case in order for you to make an offer.

Cancellation 52

Cancellation Hotels Services Occupancy 52

SiteMinder

NOVEMBER 15, 2022

Some hoteliers love using this strategy to boost their revenue and protect their property from losing out due to last-minute cancellations. However, you can minimise the risk of having to walk travellers if you have a solid overbooking strategy. Check your data to see how many cancellations and no-shows you can expect.

Overbooking 52

Overbooking Cancellation Occupancy Closing 52

SiteMinder

OCTOBER 10, 2022

Target demographic (business travellers, families, couples, over 50s etc). Basic bathroom features prioritised by travellers include: Cleanliness. Features and amenities expected by luxury travellers can often include: Upscale materials and design. Hotel facilities and amenities. Modern fixtures. A full length mirror.

Motels 52

Motels Hotels Services Travel 52

Inn Quest

MAY 11, 2023

With travel restrictions lifted, hotels are gearing up to welcome guests again. By drawing in more visitors, raising occupancy rates and enhancing profitability, a thoughtful pricing strategy can help hotels maximize their revenue. Even if occupancy rates do not rise, this can help hotels raise their profit margins.

Revenue 88

Revenue Occupancy Hotels Market 88

Xotels

APRIL 3, 2024

This segmentation involves identifying the purpose of the trip, differentiating between business and leisure travellers, and analysing various trends to enhance revenue performance. Focus on what leisure travellers want to add value to their stay. The graph considers cancellations and identifies peak or slow booking days.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Little Hotelier

AUGUST 29, 2023

Prioritising your investments correctly will ensure your budget spend is contributing towards increased revenue and occupancy rates. Unique B&B Signage Signage is your chance to advertise to passing guests who haven’t yet booked their accommodation for the night. Your occupancy rates? Your direct bookings?

ROI 98

ROI Average Length of Stay Hotels Revenue 98

Little Hotelier

JUNE 5, 2023

Airbnb Instant Book is a feature on the Airbnb platform that allows guests to book accommodations instantly without needing approval from the host. For some hosts, this feature is a game-changer for hosts that streamlines their booking process and increases their occupancy rates. Implement a rigorous cancellation policy.

Cancellation 52

Cancellation Revenue Management Accommodation 52

Little Hotelier

FEBRUARY 5, 2024

Reporting and analytics The software includes robust reporting and analytics capabilities, allowing hoteliers to track key performance metrics, such as occupancy rates, revenue, and guest demographics. However, it lacks some important features that some accommodation providers would need to find elsewhere. Cancel anytime.

Management 59

Management Overbooking OTA Accommodation 59

Cloudbeds

MARCH 20, 2023

One of the key reasons travelers are drawn to smaller, independent lodging properties is they provide personalized, intimate experiences. Transient These guests are individuals traveling for business or leisure. Group These guests travel with a group that has reserved a block of rooms in advance at a special group rate.

Hotel Marketing 52

Hotel Marketing Market Marketing Average Daily Rate 52

Xotels

AUGUST 9, 2021

Google in Travel: Some History. All these features opened the way, in 2019, for what may be described, without exaggerating, as “Google’s OTA on steroids:” Google Travel (google.com/travel). This means that, in case of cancellation, no commission is due to Google. But how did we get here?

Hotels 52

Hotels Market Share OTA Cancellation 52

Cloudbeds

JUNE 8, 2023

From increasing occupancy to generating direct bookings and increasing ADR, lodging operators have a lot on their plate. At full occupancy , that’s $6,375 in potential revenue each day. At its average occupancy rate of 72%, the average revenue per night is $4,590. Say your run a 15-room luxury inn nestled in the foothills.

Management 98

Management Hotels Revenue Digital Marketing 98

Cloudbeds

JULY 15, 2023

After all, travelers can’t book a property they don’t find! The same happens with a cancellation. It then pushes ARI updates to that channel and, for two-way sync, it imports reservations/cancellations into your Channel Manager, PMS, and/or CRS dashboard. With advanced channel management connections, the update is fast.

Management 76

Management OTA Cancellation Overbooking 76

SiteMinder

MARCH 16, 2023

Any kind of hotel booking reservation system should easily integrate with the accommodation provider’s existing technology infrastructure. You also can keep the rest of the staff more organised and efficient, because everyone will have access to live information about the current occupancy at the hotel.

Overbooking 52

Overbooking Hotels Accommodation Global Distribution System 52

SiteMinder

NOVEMBER 24, 2023

Evaluating SiteMinder reviews enables accommodation providers to determine its suitability for their specific needs and operational requirements, allowing them to invest in solutions that align with their business goals and increase overall efficiency, guest satisfaction, and revenue results. Very user friendly, simple to use.”

Revenue 52

Revenue Revenue Management General Manager Management 52