Hotelogix

OCTOBER 18, 2023

  As technology continues to reshape the hospitality landscape, the importance of an effective reservation system cannot be overstated—it's the key to unlocking efficiency and excellence in modern hotel management. This data allows hotels to adjust rates for peak and off-peak periods, optimizing revenue generation.

Business

Cloudbeds

FEBRUARY 28, 2024

The information is then populated into the PMS and distributed to the hotel’s booking channels with the help of channel management software. These channels may include the hotel’s website booking engine, online travel agencies (OTAs), the global distribution system (GDS), wholesalers, and metasearch sites.

Revenue Management

SiteMinder

FEBRUARY 28, 2023

This article will take you through the state of play, the opportunity for your business, and the actions you need to take to capitalise on the return of the world’s largest tourism segment. Start a free trial today with no credit card required and anytime cancellation.

Tourism

Inn Quest

AUGUST 15, 2023

A hotel channel manager is a software tool used in the hospitality industry to manage and synchronize online distribution channels. In short, it primarily streamlines the distribution of room inventory, rates and availability across multiple channels, ensuring consistency and increasing bookings.

Management

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. This kind of data is invaluable for hoteliers who want to analyse performance, benchmark, forecast, and plan strategically to ensure business success. The average cancellation rate is 20%.

Occupancy

SiteMinder

MARCH 13, 2024

You also have to consider key metrics within your channel performance, such as which channels have the highest cancellation rates or longest lengths of stay. However, unique channels like Airbnb, Mr and Mrs Smith , or Lastminute.com can also provide strong reservation and revenue opportunities.

Accommodation

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. What is a channel manager?

Management

Hotelogix

OCTOBER 24, 2024

A Central Reservation System (CRS)  helps hotels manage room availability, pricing, and bookings from different channels. These channels include Online Travel Agencies (OTAs) like Booking.com, direct bookings through the hotel’s website, and Global Distribution Systems (GDS).

OTA

Cloudbeds

APRIL 2, 2024

The number of booking channels lodging businesses must manage has expanded exponentially, from their website to online travel agencies , bed banks, GDS’, and metasearch engines. The most effective distribution strategies in the hospitality industry are dynamic. The property management system. Busy Rooms.

Revenue Management

SiteMinder

MARCH 16, 2023

Table of contents Types of Hotel Room Reservation Systems There are different types of reservation systems in the hospitality industry primarily based on property type, hotel preferences, and business needs. Generally, there are 2 major types of hotel booking reservation systems: 1. Start your 30-day free trial today.

Overbooking

eZee Absolute

DECEMBER 11, 2023

A hotel channel manager is a software that allows hotels like yours to manage their online inventory and rates across multiple booking channels, such as online travel agencies (OTAs), global distribution systems (GDSs), and your website as well. Real-Time Updates Time is of the essence in the hospitality business.

Management

SiteMinder

JANUARY 8, 2024

Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Even if you don’t have the luxury of hiring a full team of staff, it’s not impossible to run a successful small hotel business. What is hotel management?

Operations

SiteMinder

JANUARY 8, 2024

Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Even if you don’t have the luxury of hiring a full team of staff, it’s not impossible to run a successful small hotel business. What is hotel management?

Operations

Fuel Travel

JULY 11, 2024

If the hotel is using a revenue management platform, the specific rates are managed and optimized in either that system or in the PMS itself. A secure, seamless connection ensures that this data is shared in real time, preventing overbooking and cancellations. These insights help you make informed decisions and optimize your business.

Upsell

Cloudbeds

OCTOBER 17, 2024

Indirect channels, such as OTAs, metasearch sites, Global Distribution Systems (GDS) such as Amadeus and Sabre, travel agents, tour operators, and wholesalers, are third-party platforms that serve as intermediaries by listing hotel rooms.

OTA

Catala Consulting

FEBRUARY 24, 2025

Hotel distribution is the backbone of a successful revenue management strategy. In todays digital landscape, travellers have countless ways to book a hoteldirect websites, online travel agencies (OTAs), global distribution systems (GDS), metasearch engines, and even social media platforms.

Global Distribution System