SiteMinder

FEBRUARY 14, 2024

Meanwhile, understanding demand trends allows for dynamic pricing strategies, maximising occupancy and revenue during peak periods and stimulating demand when needed. Three-in-four reported to SiteMinder that what they need from their accommodation provider has changed within the last year.

Tourism 59

Tourism Market Marketing Travel 59

Cloudbeds

APRIL 30, 2024

With dynamic pricing, room rates are not fixed but are adjusted based on market demand, competition, time of booking, customer behavior, occupancy, and other factors that can influence booking patterns. Prices change dynamically (hence the name) using real-time data to maximize your revenue and occupancy rates. Maximizing occupancy.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

Little Hotelier

MARCH 10, 2024

Learn more Little Hotelier Little Hotelier is a management software crafted specifically for small-scale hotels, providing a comprehensive suite of tools to simplify daily operations and featuring a range of third-party integrations to enhance functionality.

Hotel Sales 52

Hotel Sales Sales Revenue Management Revenue 52

Hotel Management

MAY 10, 2023

Pohl went on to say that mid-scale, extended stay brand “Home” has proven popular with Americans and that the emerging Gen Z market was pushing new development in brands like Aiden (part of BWH). Before an excellent lunch, delegates were buoyed by the unveiling of a new logo for Accommodation Australia. Be brave.”

Market 130

Market Marketing Branding Events 130

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. Is the wedding industry going to pull back from large scale events?

Hospitality 52

Hospitality Average Daily Rate Scale Events 52

Boutique Hotel News

APRIL 18, 2023

Yanolja Cloud is leading digital transformation around the world for properties with accommodations, food and beverage, residential, golf, and other leisure facilities. COVID was a once in a generation event for the hospitality and leisure industries. Previously, hotel owners did that manually or simple tools were used.

Hospitality 52

Hospitality Revenue Management Occupancy Revenue 52

SiteMinder

OCTOBER 10, 2022

Falling short of your competitors when it comes to guest experience, accommodation standards or your marketing and advertising strategy can quickly lead to lost revenue. The company is the recognised leader in hotel industry benchmarking and provides market data including supply and demand and market share information on a global scale.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

SiteMinder

JANUARY 8, 2024

Placing yourself on a scale of personal growth is especially important for a hotel manager. With customers expecting some sort of dining service from hotel accommodations, it has become almost a standard practice to provide. There are always new strategies, traveller preferences, or industry technologies emerging to keep track of.

Operations 59

Operations Management OTA Hotels 59

Catala Consulting

NOVEMBER 18, 2023

This approach includes optimizing room rates and occupancy, but it goes much further. Additionally, it involves exploring alternative revenue streams such as events, culinary experiences, wellness services, and partnerships with local attractions. Event hosting is another significant revenue stream.

Revenue Management 52

Revenue Management Revenue Management Hotels 52

MediaBoom

MARCH 14, 2024

With over 80% of leisure travelers globally booking accommodations online in 2024, as per Statista, the shift towards online travel booking is unmistakable. Through a blend of online, offline, or combined efforts, the approach to promoting accommodations is continually adapting.

Digital Marketing 93

Digital Marketing Services Market Marketing 93

SiteMinder

JANUARY 8, 2024

Placing yourself on a scale of personal growth is especially important for a hotel manager. With customers expecting some sort of dining service from hotel accommodations, it has become almost a standard practice to provide. There are always new strategies, traveller preferences, or industry technologies emerging to keep track of.

Operations 52

Operations Management OTA Hotels 52

SiteMinder

OCTOBER 9, 2022

Few roles in the hotel industry have evolved as quickly as the revenue manager.Powered by technological advances, the rapid sharing of knowledge and online training, the discipline is synonymous with smart pricing decisions and expectations are always high in the highly competitive accommodation market.

Revenue Management 59

Revenue Management Revenue Management Occupancy 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

Boutique Hotel News

JANUARY 27, 2023

Often providing self-catering equipment, yurts would allow for leaner staffing, and the continuous staycation trend presents an opportunity for bricks-and-mortar accommodation providers to partner with, or introduce alternative room categories. billion by 2032, a projected increase of more than $15 billion over the last decade. PS and GS.

Real Estate 52

Real Estate Hospitality Accommodation Consumer 52

Hotelier Magazine

OCTOBER 10, 2023

With COVID behind us, the current landscape and the future of the foodservice and accommodation sectors is very different from the past. Test it out on a small scale and see if you can create meaningful improvements. Dover started the presentation by outlining the three major costs for restaurant businesses: food, labour and occupancy.

Hospitality 59

Hospitality Consumer Motels Revenue 59

Catala Consulting

OCTOBER 5, 2022

While other hoteliers offer their services, online travel agencies showcase cheap rates, and competitors like Airbnb offer outstanding accommodations. The goal of every hotel owner is to attract customers (both new and old) to their property because it increases the occupancy rate and the hotel’s revenue.

Hotels 52

Hotels Business Market Marketing 52

Boutique Hotel News

MARCH 6, 2023

After roles at IQ Student Accommodation and Quintain Estates’ student division, she joined Greystar in 2015 and is part of the capital projects team. As chair of the Youth Council, Reissaar will take on a more active, public role, participating at industry events whilst also planning and hosting Youth Council activities throughout the year.

Real Estate 101

Real Estate Hospitality Construction Management 101

SiteMinder

AUGUST 29, 2023

Think about introducing occupancy sensitive cooling and heating systems that adapt to when people are present in the room. Host events and functions Similar to the last point, if you have the space to host special events you should do so. How does a booking engine cut costs and increase revenue?

Revenue 52

Revenue Hotels OTA Operations 52

Hotelier Magazine

MARCH 11, 2024

While business events are slower to recover, we know that people and businesses are looking for [an] in-person connection. This slow return is a trend that’s impacting global business events and isn’t just unique to Canada. Occupancy rates have returned to pre-pandemic levels with ships largely at 95 per cent occupancy.

Tourism 52

Tourism Business Market Marketing 52

Cloudbeds

APRIL 9, 2024

Modern cloud-based platforms are designed with this flexibility in mind, accommodating a wide array of integrations with top-tier applications. Groups and events. Manage everything from event bookings, contracts, orders, payments, and more. Event Temple for venue management to facilitate efficient event coordination.

Upsell 52

Upsell Revenue Management Operations Revenue 52

Cloudbeds

MARCH 15, 2023

A direct booking strategy is a powerful force in reducing customer acquisition costs , increasing occupancy, and improving profitability by building greater brand loyalty and giving you direct access to guests. These types of promotions are great for when you need to fill occupancy fast and should not be used all the time.

OTA 98

OTA Revenue Travel Hotels 98

Social Tables

DECEMBER 27, 2018

What does it mean to be a part of the events industry in 2019? For venues and planners, that means looking into the crystal ball to get ahead of event trends and expectations. Here, we cover the top 19 trends which promise to shake up event planning and hospitality in 2019 and beyond. Well for starters, don’t blink.

Events 167

Events Business Scale Consumer 167

Little Hotelier

MAY 11, 2023

Here are just a few of the issues you may be facing right now: Competition and market saturation : With numerous accommodation options on Airbnb, hotels face increased competition from various property types, making it essential to stand out and attract potential guests. Hotels must balance competitive pricing with maintaining profitability.

Management 59

Management Revenue Revenue Management OTA 59

Xotels

AUGUST 9, 2021

Helping our partners manage cancellation risk motivated us to prioritize and scale up the “Pay-per Stay” program and accelerate it.” Thanks to this update, accommodation providers can appear on Google Ads even without bidding on the platform. March 2021: Introduction of Free Booking Links (FBLs).

Hotels 52

Hotels Market Share OTA Cancellation 52