Xotels

APRIL 3, 2024

Start increasing your revenue today by reading our all-in-one ultimate guide on what is revenue management from our expert perspective as a hotel revenue management consulting company. Article Summary: What is the Definition of Revenue Management? Why is Revenue Management Important to Hotels & Other Industries?

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

SiteMinder

JANUARY 10, 2024

78% of people rank great quality service above all else when selecting a hotel. So how can you create these guest memories at scale, consistently provide great hotel guest service, and train your team to stand out? Great service is a mosaic made up of many interactions. Happy staff means lower turnover.

Management 59

Management Hotels Services Business 59

Cloudbeds

JULY 15, 2023

And even then, manually-managed distribution is risky: any delays in updating rates and availability on a channel’s extranet could mean selling a room that isn’t available or selling at a lower rate, which can lead to overbooking and sub-optimal yield management. It’s about adding a tool you’ll be using consistently.

Management 76

Management OTA Cancellation Overbooking 76

Xotels

MAY 30, 2024

And in this case, Room Revenue, when we talk about accommodation. Neither should we ignore the fact that guests spend on additional services while staying at your hotel. The term for turnover used in a hotel is revenue. We need to take a closer look at the revenue and start dissecting it. You would not want to lose out on this.

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

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

Xotels

AUGUST 9, 2021

On top of that, most metasearch advertising management platforms, such as Meta I/O, also give advertisers the opportunity to work in PPS on some markets and in CPC for others, maximizing ROAs and increasing NRevPAR. Thanks to this update, accommodation providers can appear on Google Ads even without bidding on the platform.

Market Share 52

Market Share Hotels OTA Cancellation 52

Xotels

APRIL 3, 2024

Mix of business and leisure amenities and services (see how to target the bleisure market ). Revenue management should lead the pricing strategy to ensure the best offer goes out to the booker. Benchmarking Benchmarking is a foundational element of revenue management.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

DECEMBER 12, 2024

Tour Operators Tour operators bundle accommodations with travel services, offering pre-arranged packages. To maximize Metasearch revenue and ROI , invest in targeted advertising and ensure your listings are updated and compelling.

OTA 40

OTA Global Distribution System Revenue Revenue Management 40