Hotel Speak

JUNE 4, 2024

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. I have been in hotel revenue management consulting since 2006, and it is a question that keeps coming back. The term for turnover used in a hotel is revenue. How can I make more profit with my hotel?’

Revenue Management 60

Revenue Management Occupancy Revenue Average Daily Rate 60

Xotels

MAY 30, 2024

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. I have been in hotel revenue management consulting since 2006, and it is a question that keeps coming back. The term for turnover used in a hotel is revenue. How can I make more profit with my hotel?’

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

STAAH

DECEMBER 12, 2023

During peak holiday periods, consider adopting a revenue management system that factors in various parameters such as historical booking data, competitor pricing, local events, and even weather forecasts. Create attractive holiday-themed packages that include accommodation, festive meals, entertainment options, or exclusive amenities.

Target Marketing 103

Target Marketing Cancellation Revenue Forecasting 103

Xotels

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

SiteMinder

DECEMBER 1, 2024

The following generic accommodation invoice template could be used by any type of accommodation business. Managing complex room invoicing scenarios Choose an invoicing tool that can handle situations like group stays, extended stays, cancellations, split payments and bundled services like packages or events.

Hotels 52

Hotels Revenue Accommodation Management 52

STAAH

NOVEMBER 15, 2022

Align your accommodation to meet the needs of everyone in the family – accessibility for seniors, creche or bunk beds for kids, etc. In related trends, booking windows are much shorter and cancellation policies continue to be very flexible across the industry. Offers for the whole family. Sustainability is not yet old news.

Hospitality 98

Hospitality OTA Travel Cancellation 98

Inn Quest

OCTOBER 17, 2023

They are a result of a delicate balance between maximizing revenue and providing guest satisfaction. While overbooking can lead to guest inconvenience and potential financial losses for the hotel, it is a revenue management strategy used to achieve high occupancy rates. Channel managers function by linking to a hotel PMS.

Overbooking 88

Overbooking Cancellation Forecasting Occupancy 88

STAAH

MAY 30, 2023

In today’s digital age, effective hotel distribution and pricing strategies are crucial for maximizing revenue and staying competitive. 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.

OTA 98

OTA Hotels Revenue Travel 98

SiteMinder

NOVEMBER 6, 2023

Airbnb hosting fees are always represented as a percentage of the booking price : Host-only fee: Usually 14%-16% (excluding Airbnb fees and taxes), automatically deducted from the host payout, though the specific rate will depend on a variety of factors, such as location and accommodation type. The guest then pays a fee of approximately 14%.

Cancellation 59

Cancellation Services Hotels Accommodation 59

SiteMinder

JUNE 11, 2024

We recently spoke to Alexandra Rolton , Strategic Sales & Key Account Manager , about the group’s operations and how it has been utilising SiteMinder’s platform to optimise operations and revenue strategies. “We We provide versatile accommodations which allow us to work with both long and short term guests,” she said.

Global Distribution System 98

Global Distribution System Revenue Hotels Cancellation 98

eZee Absolute

SEPTEMBER 22, 2023

They usually come with flexible booking and cancellation policies, allowing guests to make changes or cancel reservations without incurring significant penalties. Non-Refundable Rates: Non-refundable rates are typically lower than standard rates but come with stricter cancellation policies.

Revenue 52

Revenue Management Occupancy Revenue Management 52

Little Hotelier

MARCH 25, 2024

Cancellation data: How types of guests and times of year affect cancellation and no-show rates. bad weather, surprise events or event cancellations). Three of the most common hotel forecasting methods include: Revenue management forecasting: Used to predict future demand.

Forecasting 52

Forecasting Cancellation Average Length of Stay Revenue 52

Hotel Speak

SEPTEMBER 26, 2024

Although global hotel revenue per available room (RevPAR) stayed high during the first half of 2024 – 13.2% Certainly rates and occupancy grew very nicely in 2023, but we reached a plateau where we couldn’t really push rates any further,” Jon Siberry, Group Revenue Manager of Sarova Hotels explained.

Market 105

Market Marketing Hotels Forecasting 105

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. Many hotels do this deliberately to offset last-minute cancellations or no-shows and avoid losing revenue and occupancy. To avoid losing revenue.

Overbooking 52

Overbooking Cancellation Occupancy Closing 52

STAAH

AUGUST 6, 2024

Enhanced Revenue Management : With features like dynamic rate management in their Channel Manager, GDS allows hoteliers to adjust rates based on demand, occupancy, and market conditions. This flexibility helps optimize revenue by ensuring that pricing is always aligned with the current market landscape.

Global Distribution System 114

Global Distribution System Travel Business Services 114

SiteMinder

SEPTEMBER 7, 2023

Reservation cancellation fees These are charged when guests cancel their bookings, especially if done at the last minute. They help mitigate the revenue loss from unsold rooms and encourage responsible booking behaviour.

Revenue 105

Revenue Hotels Services Cancellation 105

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 other cases, it will be previous customers who are ready to host events again.

Sales 88

Sales Business Events Travel 88

Xotels

AUGUST 9, 2021

Google is taking the hotel industry by storm to gain market share and grow their advertising revenues. We will take a look at how Google is penetrating the hotel distribution vertical with Google Hotel Ads, and what opportunities this gives in terms of hotel revenue management and marketing. From Hotel Finder to GHA.

Market Share 52

Market Share Hotels Cancellation OTA 52

Inn Quest

MAY 11, 2023

With the rise of alternative accommodations and online travel agencies, hotels need to adopt new strategies to attract customers and increase revenue. This strategy works especially well for lodging facilities that encounter seasonal fluctuations in demand or a high rate of cancellations.

Revenue 88

Revenue Occupancy Hotels Market 88

SiteMinder

DECEMBER 4, 2023

Hotel industry statistics refer to data and metrics relating to hotels and other accommodations in the industry. Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. The average cancellation rate is 20%. The average length of stay is 1.93

Occupancy 59

Occupancy Hotels Revenue Average Length of Stay 59

Hotelogix

SEPTEMBER 12, 2024

They can also take requests for booking cancellation/modification and room upgrades, etc, with ease. Here are some other tasks a front office staff performs with a Hotel PMS- Guest Registration Check-in/checkout Night Audit Room management Housekeepings: Excellent housekeeping plays a vital role in ensuring guest satisfaction.

Management 52

Management Revenue Management Hotels Operations 52

SiteMinder

SEPTEMBER 18, 2024

Smoky Mountain Resorts combines family-friendly accommodation with the exhilaration of adventure across three Tennessee locations. We get notified of cancellations through the integrations, which allows better visibility on inventory and guest records,” explained Heather.

Scale 52

Scale Resorts Management Business 52

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

JULY 15, 2023

For growing hospitality businesses, a channel manager is a fundamental part of successful revenue management and distribution strategy. In this guide for hospitality professionals, you’ll learn all about Channel Managers, from how they work to what makes great software for your business specifically.

Management 76

Management OTA Cancellation Overbooking 76

SiteMinder

OCTOBER 15, 2023

Stakeholder management – While revenue managers will certainly be looking for any chance to maximise revenue, marketers and those in charge of brand may not be as comfortable with regular fluctuations. This will allow them to capitalise on opportunities to boost occupancy and/or maximise revenue.

Occupancy 59

Occupancy Revenue Hotels Revenue Management 59

eZee Absolute

OCTOBER 19, 2023

Benefits of Integrating Saral E-Invoicing Along with automating your GST e-invoicing process, Saral e-invoicing allows you to cancel or edit any previously generated invoice. Cancel the uploaded invoice anytime. Its user-friendly interface makes GST return-filling convenient without any to and fro between multiple solutions.

Cancellation 52

Cancellation Hotels Business Management 52

Little Hotelier

MAY 11, 2023

There’s a lot of competition, high guest expectations, multiple platforms to manage, local laws to comply with – it can get overwhelming. Any software you choose should ideally be an Airbnb management app, not just a desktop software or mobile website. What is the best Airbnb management software for small hotels?

Management 59

Management Revenue Revenue Management OTA 59

Little Hotelier

FEBRUARY 5, 2024

As the name suggests, hotel reputation management software, also called hotel online review software or hotel review management software, is technology designed to help hotels and other accommodation providers to manage their online reputations. Cancel anytime. Little Hotelier No lock-in contract.

Management 59

Management OTA Hotels Accommodation 59

Cloudbeds

APRIL 1, 2025

If a group cancellation suddenly opens multiple rooms, PMax immediately shifts budget allocation to target last-minute planners searching for accommodations.

Travel 52

Travel Intent OTA Forecasting 52

Little Hotelier

AUGUST 7, 2023

Hotels Travelocity partners with hotels worldwide, offering a wide range of accommodation types. Some customers have reported issues with customer service and cancellations. Guests can sort their search by departure or arrival times, price, airline, the number of transfer stops, and flight duration.

OTA 52

OTA Hotels Services Revenue 52

eZee Absolute

JANUARY 9, 2023

This financial stability often translates to a higher willingness to pay for quality accommodations and amenities. You can also turn to revenue management experts to create pricing strategies that bring in better profit. But then, again, don’t make it all about the cash. Set rates that are practical and reasonable.

OTA 52

OTA Hotels Accommodation Travel 52

Cloudbeds

MARCH 20, 2023

It is a fundamental process of revenue management, but also brings benefits to marketing, operations, and the guest experience. When lodging operators divide guests into segments, they can be more targeted in promotions, communications, and guest services to increase revenue, guest loyalty, and guest satisfaction.

Hotel Marketing 52

Hotel Marketing Market Marketing Average Daily Rate 52

Cloudbeds

MAY 15, 2024

Rate parity is a common practice in hotel revenue management. On the one hand, it makes it easier for hotels to manage their pricing strategy, preventing dumping and price wars. In this changed scenario, rate parity has presented a few revenue management challenges for hotels. It’s also a quite controversial one.

OTA 52

OTA Hotels Revenue Management Revenue 52

Cloudbeds

JANUARY 10, 2025

Additional booking details may also be provided, such as the cancellation policy, amenities, and inclusions like free breakfast or Wi-Fi. Depending on the site, hotels may also be able to add marketing messaging such as free cancellation or complimentary breakfast. Ben Lloyd and Kent Schnepp answered this question during Passport 2023.

Cost Per Click 52

Cost Per Click Market Marketing OTA 52

Xotels

NOVEMBER 23, 2023

Hotel Management Strategies If you want to read more about management strategies on everything hotel management? Read the articles below: Top 5 Essential Hotel Management Tips for The Perfect Guest Experience How to Make Your Hotel Stand Out? LEARN HOW Hospitality vs. Hotel Management: What’s The Difference?

Management 40

Management Revenue Management Hotels Revenue 40

Xotels

NOVEMBER 23, 2023

Hotel Management Strategies If you want to read more about management strategies on everything hotel management? Read the articles below: Top 5 Essential Hotel Management Tips for The Perfect Guest Experience How to Make Your Hotel Stand Out? LEARN HOW Hospitality vs. Hotel Management: What’s The Difference?

Management 40

Management Revenue Management Hotels Revenue 40

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 Management General Manager 52