This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
This mega-event is not just a spiritual confluence but also a catalyst for significant economic activity, providing a golden opportunity for the hospitality industry. During the 2013 Maha Kumbh, the event generated approximately 12,000 crore ($1.45 Here’s how hoteliers can leverage this event effectively: 1.
This blog outlines simple, actionable strategies that hotels of all sizes can use to grow their business, from direct bookings to pricing strategies and everything in between. Read also: Guide on Customer Retention in Hotel Industry Encourage Group Bookings: Offer discounts or packages for weddings, businessevents, or group travel bookings.
Catering to both business and leisure travellers, the group offers a blend of modern amenities and personalised services. Manual inventory updates led to overbookings, rate inconsistencies and missed direct booking opportunities. The group features properties strategically located in Durgapur , Asansol, Banskopa and Bidhannagar.
From managing multiple tables in a busy restaurant to ensuring seamless check-ins at a hotel, the stakes are high, and mistakes can have significant consequences. At the heart of these high-pressure situations is the need to maintain exceptional customer service while simultaneously managing the internal operations of the business.
Rate parity is a term you’ll often hear in the hotel business. Many countries around the world once considered rate parity to be a completely legal business practice, but there has been a significant movement, particularly in Europe, to regulate or ban these practices. It can help prevent business complications.
It’s a business decision. Guests usually enter their rooms from inside the building, and the atmosphere caters to both leisure and business travellers. Meanwhile, business travellers also have high expectations. When travellers are weighing up where to stay, the terms “hotel” and “motel” might seem interchangeable.
Blog about local events or lesser-known attractions in your area to position your property as a knowledgeable and welcoming destination. Partner with local businesses: Team up with nearby restaurants or tour guides. Create engaging content to highlight your expertise. Encourage guest reviews to build credibility. It’s a win-win.
Digitalizing the journey: Mobile keys, on-the-go check-in, and seamless check-out âAt Salto, we believe access to technology should be so convenient that guests actually enjoy using it,â said Nora Urquiza, Hospitality Solutions Business Lead at Salto Systems. Together, we guarantee a true 5-star experience."
Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex Leveraging AI and automation, UNO Channel Manager helps reduce manual work, eliminate overbookings, and ensure real-time updates, giving hoteliers a competitive edge in a rapidly evolving market.
Digitalizing the journey: Mobile keys, on-the-go check-in, and seamless check-out âAt Salto, we believe access to technology should be so convenient that guests actually enjoy using it,â said Nora Urquiza, Hospitality Solutions Business Lead at Salto Systems. Together, we guarantee a true 5-star experience."
How often do we see guests shocked to find out that they’ve been victims of the notorious “overbooking” issue , your hotel’s facilities are under maintenance, or even that their room doesn’t come equipped with certain amenities they will have to pay for? Why Does Any of This Matter?
Demand Forecasting & Analytics Platforms Demand forecasting is not simply a matter of historical data it’s a case of identifying patterns within seasonality, events, and booking trends. That’s a recipe for overbookings and lost revenue. This is often a big challenge of hoteliers.
Those that don’t keep up risk losing business. 👉 Read Also - ChatGPT for Hotels: Boost Direct Bookings & Reduce Costs Temporary Hotels for Events Pop-up hotels are built for short-term stays during major events, festivals , or seasonal tourism spikes. Hotels are changing fast.
For example, during peak travel periods, an efficient reservations manager using a modern property management system (PMS) can swiftly allocate room blocks for group bookings or special events, maximising occupancy without overbooking. Problem-solving : Quick thinking helps resolve booking issues and guest concerns.
Regularly updating your site with blogs about local events or hidden gems nearby also signals search engines that your website is relevant and engaging. Avoid overbooking by ensuring availability updates are instant. Offer personalized pricing for niche markets, like long-stay guests or special events.
Multi-day stays are made easy through the ice machine and self-service laundry, while a minimalist lounge area offers an unobtrusive setting for business or unwinding. In an attempt to immerse the visitors in Taipei culture, the hotel frequently hosts events in the premises and combines them with interesting internet promotions.
Overbookings can be stressful for the front desk and the guest, but you can manage them with ease if you have a proper plan in place. While for some hoteliers it’s best to avoid overbookings altogether, for others, a good strategy can increase revenue, improve the occupancy rate and mitigate losses. What is an overbooking strategy?
Overbooking can be a cost-effective strategy if implemented correctly. What is a hotel overbooking strategy? The hotel overbooking strategy is a revenue management technique that hotels use to maximise occupancy and revenue. Tips to make your overbooking strategy a success 1) Be data-driven in your approach.
Overbooking is a common problem in the hospitality industry, causing major issues for both – hoteliers and guests. Striking the perfect balance between fully booked rooms and avoiding overbooking can be a challenging task. This is why our guide discusses how to avoid overbooking in hotels. Why Do Hotel Overbookings Happen?
Have you ever attended a birthday party, holiday gathering, or business meeting at a restaurant? Although you may not have considered those occasions “events” at the time, that’s precisely what they were, and restaurants host more of them than we think. In this guide, we cover the ins and outs of restaurant events.
By implementing an inventory tracking system, hotels can minimize underbooking, reduce overbooking risks, set competitive prices and provide a seamless guest experience, ultimately leading to increased revenue and improved operational efficiency. Meeting and Event Spaces: Many hotels have conference rooms, banquet halls and event spaces.
The Tripadvisor owner login is a gateway for hotel owners and operators to manage their business listings on Tripadvisor. Table of contents Why should hotels use the Tripadvisor business login? Using the Tripadvisor business login can make a big difference in how you manage your hotel online. What is the Tripadvisor owner login?
From conferences to weddings and production crews, securing group business is a surefire way for hotels to fill occupancy months in advance. But how can you win more group business ? Hoteliers must find ways to manage and respond to RFPs in a way that makes them stand out from competing lodging businesses. What is an RFP?
Pricing plays a crucial role in determining the success of any business. When it comes to hotel businesses, one must continuously strive to achieve a balance between the customer experience and pricing. Seasonal pricing refers to rates that businesses charge during their peak or off-season. Firstly, What is Seasonal Pricing?
They told us about how SiteMinder has improved their day-to-day business and even helped them to increase their online sales. At the same time, availability is adjusted across all channels, which reduces the risk of overbookings. “We We recently spoke to owner Matthias Gerber and his son Tom. We save two hours a day using SiteMinder.
Yield management is a pricing and revenue management strategy that is used to maximise business performance. Table of contents History and development of yield management Yield management, which originated in the airline industry, marked a revolutionary shift in how businesses approached supply and demand. What is Yield Management?
Maestro PMS has formed an integration partnership with web-based sales and event management platform Tripleseat. The technology providers are streamlining event data and pulling group room block information—including room types, rates and allocations—from the Tripleseat sales-and-catering system and pushing it into Maestro PMS.
This feature helps streamline the booking process, reducing the risk of overbooking and ensuring a smooth check-in experience for guests. Features General management software: Alacer’s software provides tools for managing various aspects of hospitality businesses, aiming to simplify routine operations and improve staff efficiency.
The accuracy and automation offered by these systems can also result in: Improved organisational decision-making, as you have a clearer view of your business. If you make it simple for a guest to book a room, and deliver a seamless guest experience, you’ll win more business. Overbooking was a common occurrence.
From exquisite rooms, amazing dining options, and fabulous event venues, Chatrium is truly a premium accommodation choice. Further to that, it opens up opportunities to unlock more revenue for the business. Want unbeatable revenue results for your own hotel or accommodation business? We wish you all the best for the future.
Let’s start with the basics—targets should be ambitious but achievable, and most importantly, they must align with your business goals. Cross-selling, on the other hand, might involve partnering with local businesses or attractions to provide exclusive experiences for your guests.
Located in the verdant Irish Midlands, these surroundings make the Abbey Hotel Roscommon perfect for a relaxing getaway, a fairytale wedding or even a focused business meeting. That’s what the original patriarch, an entrepreneurial local business man, Thomas Grealy had in mind when he opened the hotel over 60 years ago.
Control your OTA listings and earn more revenue Say goodbye to overbookings and hello to maximised revenue with real-time inventory and rate management with SiteMinder’s channel management solution. Analytic reports Data-driven decisions are key to growing your hotel business.
Revenue optimization in hotels is a comprehensive strategy that accounts for all revenue streams and uses data to enhance the overall revenue performance of the business. There’s a full range of advantages for hotels and hospitality businesses. business travelers, families) and tailor their pricing and promotions accordingly.
Holiday periods are a busy time for everyone, and for a lot of people a mid-year break or festive period is the perfect opportunity to travel. This is exciting for your business because it presents an opportunity to push the limits of your occupancy and cash-in on increased revenue. Learn more When is peak travel season for hotels?
As a revenue manager or hotelier, your hotel market segmentation shall help to identify the purpose of the trip: either business or leisure. A clear distinction must also be achieved between individual and group business. Special Event; packages and offers during holidays, festivals, concerts. Overbooking (from another hotel).
Yield management also allows hotels to forecast demand and plan their inventory accordingly, ensuring enough rooms are available during high-demand periods and minimizing the risk of overbooking. Yield management also allows hotels to focus on other aspects of their business, such as customer service and marketing.
In this comprehensive guide, we delve into what a hotel reservation system entails and highlight its pivotal role in modern hotel businesses' success. It enhances guest satisfaction, optimizes operational efficiency, and drives revenue growth for your hotel business.
In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. Without a solid revenue management strategy, a hotel will just get lost in the pile of other hotels – being unable to reach satisfactory visibility and level of business to remain open.
Resort revenue management has become an indispensable tool for businesses, fostering strategies that maximize yield and build strong customer relationships. Originating from the airline industry, this approach has been effectively integrated into the resort business model. Why is Revenue Management Imperative for Resorts?
Hotels face a daunting challenge as travelers seek convenience and competitive prices: how to efficiently manage their room inventory across multiple online distribution channels while maintaining real-time updates and avoiding overbooking. Choose one that fits your budget and business requirements.
Maneerat Wiriyarat , the owner of Long N Joy Samui Apartment Service , about the history of the business and the beginnings of using Little Hotelier technology to manage the property. “We Meanwhile, owners can sell on their direct website without risking overbookings. We spoke to Ms. We started providing our services in 2017.
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?
This will save you from the hassle of manual updates and reduce the risk of overbookings or missed payments. Look for affordable options that align with your budget, while still providing the key integrations that will help grow your business. This can boost guest loyalty and repeat business. Streamlined operations. Ease of use.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content