Remove Ancillary Revenue Remove Forecasting Remove OTA
article thumbnail

How decision intelligence unlocks hotel data for better insights

Cloudbeds

Decision intelligence unifies the full range of pricing decision-making through both OTAs and direct bookings. During slower seasons, rather than applying heavy discounts, DI might show that bundling a slightly discounted room rate with a complimentary spa or dining voucher is more appealing and generates more revenue.

Upsell 105
article thumbnail

Top 10 Revenue Management Tools: The Ultimate Revenue Toolkit

Xotels

Revenue management tools are software and systems that help hotels optimize pricing, control cost , maximize occupancy, and increase profitability. These tools use data-driven insights, automation, and forecasting to ensure youre charging the right price at the right time. Cost savings: No need to hire a full-time revenue manager.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SynXis Concierge.AI Supercharges Direct Bookings and Guest Engagement with Generative AI

Hospitality Tech

Available in 50+ languages, it delivers fast, personalized responses that drive higher conversions , reduce booking abandon rates, and capture direct bookings that may otherwise go to OTAs. And Payments simple transparent fixed-rate model reduces the complexity of interchange fees, making forecasting, and budgeting easier and more accurate.

Upsell 52
article thumbnail

7 Hotel Revenue Management Trends & Innovations of 2024

STAAH

Interactive dashboards and visual representations make it easier for revenue managers to make data-driven decisions, identifying revenue trends, tracking performance metrics, and accurately forecasting future demand.

article thumbnail

Report: Independent hotels see record-breaking occupancy

Hotel Business

The data covers key hotel performance indicators such as occupancy, RevPAR, booking lead time, length of stay, international and domestic travel, direct and OTA bookings, as well as upsell performance to forecast trends shaping the hotel industry in 2023. Memorable experiences outweigh rising inflation.

Occupancy 115
article thumbnail

Survey Results: Revenue Management Trends & Predictions for 2024

Hotel Speak

The top six trends identified by our survey respondents are: Profitability Automation Integrated Systems TrevPAR Ancillary revenue Artificial intelligence Revenue Management More Important Than Ever The revenue management discipline in hotels continues to grow in importance, with respondents ranking it 4.8

article thumbnail

Hotel Revenue Management Strategies

Xotels

Following best practices and a well-thought-out strategy is the only way to unlock the full potential of revenue for your hotel , with benefits including: Claim your fair market share: with more hotels forecasted to open every year , gaining a fair market share will become more difficul t each year.