Hotel Business

FEBRUARY 22, 2023

SiteMinder’s new Hotel Booking Trends report, a hotel commerce data analysis of more than 36,000 hotels and 450+ connected booking integrations, has revealed travelers booked their trips on average eight days earlier, and canceled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.

Travel 102

Travel Average Length of Stay Average Daily Rate Global Distribution System 102

Inn Quest

OCTOBER 17, 2023

Here’s a brief explanation of the reasons why hotel overbookings happen: Uncertain Cancellations: Hotels anticipate a certain percentage of reservations to be canceled. However, when guests don’t cancel as expected, it can lead to overbooking. Operational Challenges: Managing overbookings requires staff time and resources.

Overbooking 88

Overbooking Cancellation Forecasting Occupancy 88

Cloudbeds

AUGUST 21, 2023

An overbooking strategy is when a property purposefully books its inventory beyond capacity in anticipation that a certain amount of guests will cancel or not show up. The thought behind this tactic is that some cancellations – or “wash” – will happen. Sometimes, one or two overbookings are low risk because of future cancellations.

Overbooking 98

Overbooking Cancellation Occupancy OTA 98

Hotel Business

NOVEMBER 16, 2023

In the last few years, many in-person meetings, events and conventions worldwide were canceled or postponed. It also has 22 open and operating hotels that either are or will be undergoing a renovation or brand conversion. Through Q3 2023, New York also has the most new construction starts of any market in the U.S.

Market 122

Market Marketing Construction Pipeline 122

Cloudbeds

NOVEMBER 8, 2023

However, times have changed, and it’s no longer realistic for lodging businesses to operate the way they once did. Hotels accommodate various payment methods , including credit cards, debit cards, cash, digital wallets, and more, something Marcus says “is a flexibility not as common in other industries.” Multiple payment methods.

Management 98

Management Cancellation Operations Hotels 98

SiteMinder

FEBRUARY 13, 2023

SiteMinder’s new Hotel Booking Trends report, the only hotel commerce data analysis of more than 35,000 hotels and 450+ connected booking integrations, has revealed travellers booked their trips on average eight days earlier, and cancelled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.

Average Length of Stay 52

Average Length of Stay Average Daily Rate Travel Global Distribution System 52

SiteMinder

MARCH 13, 2024

Often travellers will use apps via their mobile devices to research, book, and pay for hotel accommodation. Hotel booking apps are now a dominant source of bookings for accommodation providers, with travellers booking their trips online more often than not. Table of contents Why should you be aware of the best hotel booking apps?

Hotels 78

Hotels Accommodation Global Distribution System Travel 78

STAAH

JUNE 6, 2023

A hotel booking engine is a crucial tool for hotels and accommodation providers in today’s time. It plays a key role in the overall success of a hotel’s operations. You can easily set up your booking cancellation policy on STAAH Booking Engine. Result – increased retention and bookings.

Cancellation 72

Cancellation OTA Global Distribution System Revenue 72

Boutique Hotel News

DECEMBER 5, 2022

The API integration will enable travel agents and customers see key information such as cancellation policies, whilst allowing Hilton and Amadeus to access details such as credit card information and meal plans and preferences. . Previous connectivity through multiple APIs meant that changes to content could not be easily accommodated.

Global Distribution System 52

Global Distribution System Cancellation Accommodation Travel 52

SiteMinder

SEPTEMBER 6, 2023

Reduced cancellation risks : The closer the booking is to the stay date, the less likely it is to be cancelled. Operational efficiency : Knowing you have a full house can streamline other operational decisions, from staffing levels to food and beverage orders. This adds a layer of reliability to your occupancy rates.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

Hotel Speak

MAY 25, 2023

Over the past years, we’ve seen dramatic shifts in the way the hospitality industry operates. Be it that your company offers the cheapest weekly rate hotels or large-scale exclusive operations, these changes are not random; they are reflective of larger global trends and shifts in consumer behavior, technology, and sustainability.

Travel 98

Travel Hospitality Operations Services 98

SiteMinder

MAY 16, 2023

Table of contents Introduction from SiteMinder: The bleisure market and hotel booking trends Following the pandemic, the bleisure market changed from a growing niche to a mainstream source of bookings for accommodation providers. The good news is that they don’t discriminate when it comes to choosing their accommodation.

Average Length of Stay 105

Average Length of Stay Occupancy Average Daily Rate Revenue 105

eZee Absolute

OCTOBER 16, 2023

The resort offers an array of luxurious accommodations, including spacious rooms with panoramic views and more than 46 private cottages ensconced within lush greenery. This not only made day-to-day operations more complicated and time-consuming but also restricted the resort’s capacity to expand its business.

Resorts 52

Resorts Tourism Fair Share Operations 52

Hotelogix

OCTOBER 18, 2023

It's a comprehensive solution that empowers your hotel to optimize operations, deliver exceptional guest experiences, and thrive in a competitive industry.  👉At its core, a Hotel Reservation System centralizes and automates the booking process, simplifying guest interactions and hotel operations. 

Business 40

Business Global Distribution System Cancellation Hotels 40

SiteMinder

NOVEMBER 30, 2023

Travel statistics refer to data and information related to various aspects of the travel industry, such as travel trends, traveller behaviour, tourism spending, accommodation metrics, and more. Artificial intelligence will become an accommodation recommendation tool for 68% of millennials.

Travel 52

Travel Accommodation Tourism Hotels 52

Cloudbeds

APRIL 24, 2023

At the same time, however, it has increased the exposure of lodging operators to a growing problem: credit card fraud. For owners and operators of independent lodging businesses, credit card fraud is not only time-consuming and costly, but it can also damage traveler trust, guest loyalty , and online reputation. Security compliance.

Hotels 98

Hotels Cancellation Operations Consumer 98

Cloudbeds

APRIL 24, 2023

At the same time, however, it has increased the exposure of lodging operators to a growing problem: credit card fraud. For owners and operators of independent lodging businesses, credit card fraud is not only time-consuming and costly, but it can also damage traveler trust, guest loyalty , and online reputation. Security compliance.

Hotels 92

Hotels Cancellation Operations Consumer 92

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. that individual operators can only dream of. This article highlights the non-negotiable elements that form the foundation of a profitable hotel distribution strategy.

OTA 83

OTA Hotels Revenue Travel 83

SiteMinder

FEBRUARY 28, 2023

These measures may slow down the influx of guests from China to your location but 2023 still promises to herald their return, especially since China’s aircraft were still operating domestically throughout the pandemic and are hampered only by the required ramping up of staff to manage international flights.

Tourism 105

Tourism Travel Accommodation OTA 105

SiteMinder

APRIL 17, 2024

This tool is designed to help hotels attract more attention and, subsequently, increase their booking potential by reaching a wider, more relevant audience actively looking for accommodation options. The Agoda Partner Hub is an online platform designed for accommodation providers partnered with Agoda.

Email Marketing 52

Email Marketing Market Marketing Travel 52

Little Hotelier

MAY 31, 2023

What is the Booking.com cancellation policy? The Booking.com cancellation policy outlines the terms and conditions that apply when a guest cancels a reservation at your hotel. It includes specifics about refund procedures, penalties, and fees associated with cancellations.

Cancellation 52

Cancellation Revenue OTA ROI 52

Hotelogix

FEBRUARY 8, 2024

Invest in training programs that cover the operational aspects of their jobs and teach empathy, communication skills, and problem-solving. Become sustainable An increasing number of guests are looking for sustainable options in their accommodations. It will let you cancel or modify reservations as per guests' preferences.

Management 59

Management Services Hotels Cancellation 59

SiteMinder

SEPTEMBER 7, 2023

While hotel fees can be powerful secondary revenue generators or a useful tool to mitigate additional operational costs, there is an art to applying them effectively. Reservation cancellation fees These are charged when guests cancel their bookings, especially if done at the last minute.

Revenue 105

Revenue Hotels Services Cancellation 105

Little Hotelier

OCTOBER 11, 2023

Don’t overbook as a strategy Some accommodation providers deliberately overbook their rooms to anticipate cancellations. Instead of overbooking, look to your cancellation policies to make sure you don’t operate at a loss. However, overbooking means that you risk double booking, which is not worth the risk. Here’s how: 1.

Maximum Length of Stay 52

Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 52

Social Tables

SEPTEMBER 21, 2023

You shouldn’t have to change up your entire business to accommodate events if you utilize restaurant spaces well. In this section, we explore both, examine the pros and cons of each, and discuss how restaurant event spaces can accommodate diverse functions. How many guests can you accommodate? When do you have availability?

Events 88

Events Dining Services Accommodation 88

Amadeus Hospitality

MAY 25, 2023

Reaching back out to familiar groups who previously cancelled is a great place to start rebuilding your prospect list, and offering an updated approach to events, such as an outdoor space or shift to virtual/hybrid could be the key to having them rebook. In some cases, business will be more local and community partnership based.

Business 88

Business Sales Events Travel 88

SiteMinder

OCTOBER 20, 2022

In its early days around 2007, Airbnb appeared to be positioned in a niche for budget-conscious travellers, who did not mind sharing their accommodation with their hosts. For guests, this can be an attractive level of added security and an opportunity to create the differentiating trust that their booking will not be cancelled.

Average Length of Stay 52

Average Length of Stay Hotels Accommodation Management 52

Amadeus Hospitality

JUNE 20, 2023

They want promotions and offers tailored for them, a wide range of accommodation options to choose from, and technology to enhance and remove friction from their trips. How can hospitality organizations best adapt to accommodate long traveler wish lists and evolving tastes?

Hospitality 52

Hospitality Travel Occupancy Revenue 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. Your property must have a valid operating licence, comply with local regulations, and meet Agoda’s quality standards. What is an Agoda listing?

Average Daily Rate 52

Average Daily Rate Revenue Cancellation Management 52

Little Hotelier

AUGUST 7, 2023

They’re willing to spend on quality accommodation, making them a lucrative demographic for hotels. The Trip.com Extranet is a dedicated platform designed specifically for hotel owners and operators to manage their property listings on Trip.com. What is the Trip.com Extranet?

Hotels 52

Hotels Travel Cancellation Management 52

eZee Absolute

JANUARY 9, 2023

This financial stability often translates to a higher willingness to pay for quality accommodations and amenities. In addition to exploring a new segment, hosting digital nomads can also help accommodation providers diversify their investments, potentially increasing the overall revenue. How to Attract Digital Nomads To Your Property?

OTA 52

OTA Hotels Accommodation Travel 52

Q4Launch

FEBRUARY 3, 2022

For example, overly strict cancellation policies can deter some potential guests. Guest-facing staff members should do the following: Register the guest Collect method of payment Assign guests to their accommodation Direct the guest to their accommodation There are still plenty of opportunities to provide a unique experience.

Marketing Strategy 52

Marketing Strategy Upsell Occupancy Hotels 52

SiteMinder

JULY 23, 2023

It serves as a digital representation of the accommodation, providing essential details and compelling visuals to attract potential guests. When a guest finds an Airbnb listing that aligns with their preferences and travel needs, they can book the accommodation directly through the website or mobile app. What is an Airbnb listing?

Hotels 52

Hotels Accommodation Revenue Services 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. Locations in demand are mostly local hotel chains, which either afford a shuttle or accommodate their own parking space. How will job uncertainty affect staff loyalty?

Hospitality 52

Hospitality Average Daily Rate Scale Events 52

Clock Software Hospitality

NOVEMBER 24, 2020

Millennials invest their spending potential in guest experiences and encourage their peers to do the same, which has resulted in a reversal of roles: independent hotels now cater heavily to luxury travel, while established brand chains are investing in affordable accommodation.

Upsell 52

Upsell Hotels Accommodation Events 52

Social Tables

FEBRUARY 9, 2023

Look for independently owned and operated event locales like this one that are doing indie events for a truly one-of-a-kind corporate affair! And don’t forget to consider the size of the venue and the number of people it can accommodate! What are the terms of cancellation? What’s the maximum capacity?

Events 78

Events Shopping Services Accommodation 78

SiteMinder

OCTOBER 15, 2023

Tickets go on sale and excited fans snap up their tickets, with their attention quickly turning to accommodation for a night or even the whole weekend. Responding to abnormal market conditions On some days, there might be a high number of flight cancellations due to weather or other factors.

Occupancy 59

Occupancy Revenue Hotels Revenue Management 59