SiteMinder

JANUARY 30, 2023

Besral Sitorus, Cluster Revenue Manager of the hotel, expressed his satisfaction after relying on SiteMinder: “SiteMinder has a LOT of connections, which makes it easier for us to connect with valuable channels. The team was struggling to widen visibility via online channels with their previous technology solution.

Average Daily Rate 98

Average Daily Rate Sales Global Distribution System Management 98

STAAH

APRIL 16, 2024

One of the most powerful tools in their arsenal is a robust Revenue Management Solution (RMS). An RMS that can sync seamlessly with various channels allows hoteliers to update room rates and availability across all platforms simultaneously, minimizing the risk of overbooking and ensuring maximum exposure to potential guests.

Revenue Management 106

Revenue Management Revenue Management Forecasting 106

SiteMinder

JUNE 12, 2024

What is Yield Management? Yield management is a pricing and revenue management strategy that is used to maximise business performance. For hotels, the ultimate aim of yield management is to increase revenue by leveraging the balance between supply (available rooms) and demand (guest bookings).

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Hotel Speak

AUGUST 13, 2024

From searching to booking, guests are influenced by an average of 38 websites before making a reservation. Therefore, ensuring it’s easy for guests to book, whether direct or through third parties, is paramount to fulfilling a successful occupancy strategy and higher Average Daily Rate (ADR) goal.

Revenue 104

Revenue Sales OTA Average Daily Rate 104

SiteMinder

DECEMBER 7, 2023

What is hotel rate management? Hotel rate management is the process of strategically pricing rooms to attract guests while also maximising revenue. This strategy is crucial for enhancing both occupancy rates and the average daily rate (ADR), directly influencing the hotel’s financial performance.

Management 59

Management Average Daily Rate Occupancy Revenue 59

Catala Consulting

MAY 17, 2024

Revenue management is a crucial aspect of the hospitality industry, focusing on maximizing income through strategic pricing, inventory control, and demand forecasting. These frontline employees are instrumental in shaping the guest experience, impacting occupancy rates, and ultimately driving revenue.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

SiteMinder

JUNE 8, 2022

As unpredictable as it can be at times (especially through the COVID-19 pandemic), forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions. Your occupancy rate. Your average daily rate. Average length of stay. Table of contents.

Forecasting 52

Forecasting Revenue Average Daily Rate Average Length of Stay 52

SiteMinder

OCTOBER 10, 2023

Hotel forecasting is a method that is used to help managers determine their accommodation’s future demand and revenue performance. As unpredictable as it can be at times, especially after the COVID-19 pandemic, forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions.

Forecasting 52

Forecasting Revenue Average Daily Rate Occupancy 52

SiteMinder

OCTOBER 5, 2023

It offers a suite of tools that allow you to manage your Expedia listings across various online travel agencies (OTAs) that are part of the Expedia Group. It allows you to manage bookings, adjust nightly rates, availability, and streamline inventory management. A particularly useful feature is the rate management tool.

Average Daily Rate 59

Average Daily Rate Hotels Management OTA 59

Hotelogix

MAY 1, 2025

Introduction: Why Hoteliers Should Understand Bidding Platforms As rate parity, OTA commissions , and last-minute booking behaviors evolve, hotel bidding platforms are changing the game. Hotel bidding platforms allow guests to propose their own room rates, with bookings confirmed if a hotel accepts the bid. despite a slight 0.6%

Occupancy 45

Occupancy OTA Average Daily Rate Overbooking 45

Cloudbeds

APRIL 30, 2024

It’s the bedrock of hotel revenue management , and for good reason. The glaring issue with older revenue management strategies like these is that by selling at flat rates for the majority of the time, you are ignoring market conditions, competitor rates, market data, and variable demand. But it’s not solely about revenue.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

Hotel Speak

FEBRUARY 26, 2024

26, 2024 – Cloudbeds, the hospitality management platform powering more reservations and happier guests for independent lodging businesses around the globe, today released its 2024 State of Independent Lodging Report. 1 Hotel Management System, and No. San Diego, Feb. So are siloed and disparate legacy systems. 1 PMS, No.

Average Daily Rate 110

Average Daily Rate OTA Overbooking Market Share 110

SiteMinder

SEPTEMBER 6, 2023

While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. This allows you to maintain or even increase your average daily rate (ADR). There are several drawbacks to this approach… Preventing last minute overbookings Firstly, you may overbook your rooms.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

Cloudbeds

FEBRUARY 26, 2024

San Diego, CA, February 28, 2024 – Cloudbeds , the hospitality management platform powering more reservations and happier guests for independent lodging businesses around the globe, today released its 2024 State of Independent Lodging Report. So are siloed and disparate legacy systems. In 2023, OTAs generated 60.5%

Average Daily Rate 52

Average Daily Rate OTA Overbooking Travel 52