Hotel Business

JULY 9, 2024

OpenSpace provides algorithm-based pricing for meetings and events, including weddings, incentives and conferences, enabling hotels to dynamically yield all function spaces, including external spaces such as gardens.

Services 104

Services Hotels Revenue Business 104

Social Tables

DECEMBER 27, 2022

In a busy, fast-paced world, many people find it challenging to stay in touch with close friends, see family regularly, and maintain older relationships. If they’re not interested or unavailable, or you’ve noticed that a reunion date is approaching without an event announcement, you may need to take it upon yourself. Show me how.

Events 78

Events Scale Services Sales 78

SiteMinder

JUNE 12, 2024

This includes offering tailored packages, suggesting room upgrades, promoting in-house dining experiences, and even curating special entertainment events. For instance, if a hotel expects high occupancy due to an upcoming event in the city, they can ensure adequate staffing and inventory to cater to the influx of guests.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Hotel Business

MAY 18, 2023

All it takes is one significant weather event handled poorly. The plan should outline the steps before, during and after a severe weather event. Ensure you have enough supplies: One of the worst-case scenarios is not having enough supplies to meet the needs of guests and employees during a severe weather event.

Cancellation 52

Cancellation Events Resorts Occupancy 52

Hospitality Taskforce

NOVEMBER 9, 2022

Leaner Corporate Travel Budgets As in-person correspondence became a cause for worry, companies canceled sales meetings, conferences, and other events. Close to 36% of travelers would extend a future business trip an average of two or three more leisure days; they felt more comfortable combining a holiday with a business trip.

Business 52

Business Travel Cancellation Sales 52

Hotel Business

OCTOBER 19, 2023

People around the world have emotionally checked out of the news agenda and events at home in order to take a much-needed breather. Three-quarters (75%) agree that being close to water instantly makes them feel more relaxed, with more than a third (36%) interested in water-centric vacations in 2024.

Travel 114

Travel Accommodation Closing Tourism 114

Little Hotelier

OCTOBER 11, 2023

hotels should consider a number of local factors, such as the climate, local holidays and events, school terms and target guests. Closed to arrival You apply closed to arrival dates when you have very high demand, so you expect to reach maximum occupancy through stay overs as opposed to new arrivals.

Maximum Length of Stay 52

Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 52

Horizon Hospitality

SEPTEMBER 11, 2024

Additionally, providing access to local experiences, such as guided tours or cultural events, can appeal to guests looking to balance work with exploration. This trend is here to stay , and it has led to an increase in local and regional bookings, with travelers seeking short, hassle-free escapes close to home.

Market 52

Market Marketing Cancellation Travel 52

Spherical

MARCH 16, 2020

We encourage you all to keep in touch, keep communicating, and keep the conversations going here and on our multiple channels: @sphrcl and can connect directly with Adam @adwal or LI See a collection of our hotel marketing considerations during this time. Additionally, you can share information about any extra precautions your business is taking.

Hotel Marketing 52

Hotel Marketing Market Marketing Cancellation 52

Cloudbeds

JULY 15, 2023

And when you receive a new booking from an OTA, it will show up in your Channel Manager (and PMS /CRS), and that room’s availability will be closed automatically across all distribution channels. The same happens with a cancellation. In the case of one-way sync, reservations or cancellations will not be imported. What’s an API?

Management 76

Management OTA Cancellation Overbooking 76

Inn Quest

MAY 11, 2023

By using dynamic pricing strategies, hotels can also adjust prices for specific events or promotions to attract more customers and increase their revenue. This strategy works especially well for lodging facilities that encounter seasonal fluctuations in demand or a high rate of cancellations.

Revenue 88

Revenue Occupancy Hotels Marketing 88

Xotels

APRIL 3, 2024

Key factors considered in market segmentation include length of stay , day-of-week stays, total revenue per room , total revenue per client, booking lead time, cancellation percentage, and no-show ratio. This information enables revenue managers to strategically target specific holidays or events with tailored offers and packages.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Travel Media Group

FEBRUARY 12, 2025

Sarah Moss, Chief of Staff at Hunter Hotel Advisors, joins the Suite Spot to discuss the upcoming 36th annual Hunter Hotel Investment Conference and give hoteliers a look at what they can look forward to from the event. Uh, really excited, uh, to talk about this topic, subject, and, uh, one of the most prestigious events in hospitality.

Hotels 52

Hotels Events Digital Marketing Intent 52

Travel Media Group

JULY 29, 2020

We know that a lot of events have been canceled in 2020 due to the pandemic. Sporting events, In this episode of Suite Spot, Ryan Embree reflects on some of the post-pandemic effects of our everyday lives when it comes to travel.

Travel 52

Travel Events Closing Cancellation 52

SiteMinder

JULY 13, 2024

Offering Closed User Group (CUG) promo codes, building packages from your direct booking site or including unique value-adds are among the best ways to offer value to your guests who book direct without it affecting your OTA rate parity How does the hotel revenue management process work?

Revenue Management 98

Revenue Management Revenue Management OTA 98

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. The average cancellation rate is 20%. Hotel market revenue is worth close to $22 billion. Airbnb is quickly becoming a mainstay for hotels who want to drive additional revenue.

Occupancy 59

Occupancy Hotels Revenue Cancellation 59

Lure Agency

MARCH 7, 2023

Let’s face it, chasing weak leads that don’t close can be exhausting. By building relationships with prospective clients, you can ensure your sales pipeline is full of direct leads that are more likely to close, close at a higher value, and become repeat customers. That’s where relationship marketing comes in.

Marketing 52

Marketing Market Marketing Strategy Sales 52

Travelboom Marketing

MARCH 12, 2024

Tailor your specials around area events like shows, festivals, and conferences. Cancellation Policies: It’s fairly common for an Airbnb to have a cancellation window leading up to your stay where you can receive a full or partial refund if you change your mind, while hotels often offer discounts for booking a non-refundable rate.

Hotels 52

Hotels Cancellation Digital Marketing Accommodation 52

SiteMinder

FEBRUARY 25, 2024

By keeping up with the news about hospitality industry trends and events, a hotel can ensure that these changes won’t be detrimental to its business, and it can hopefully capitalise on these developments. Almost one in five hotel rooms booked online are cancelled prior to travel. billion in 2023.

Hospitality 52

Hospitality Cancellation OTA Tourism 52

Xotels

JANUARY 18, 2021

Cancellation %. Special Event; packages and offers during holidays, festivals, concerts. Usually, customers in this segment combine their hotel stay with an event or other form of activity or business taking place at a hotel or in close proximity to the property. Day of Weeks stays. Booking Lead Time. No Show ratio. .

Hotel Marketing 40

Hotel Marketing Market Marketing Revenue Management 40

Amadeus Hospitality

JUNE 20, 2023

In the event of a disruption, a claim can be automatically launched and virtual cards offered to the traveler to remove stress from the situation. Clear, concise policies are gradually replacing lengthy documents few read, leaving travelers with no doubts on where they stand.

Hospitality 52

Hospitality Travel Occupancy Revenue 52

AskSuite

JANUARY 29, 2025

Unlike the basic WhatsApp Business app, the API is designed for larger operations, offering features that cater specifically to the hospitality industry: Automated Responses: Quickly address common guest inquiries, such as check-in times, cancellation policies, or directions to the property.

Marketing Strategy 52

Marketing Strategy Market Marketing Hotels 52

Travel Media Group

JULY 6, 2023

Join Suite Spot Host, Ryan Embree, as he covers the top 5 takeaways from the inaugural event of The Hospitality Show presented by Questex and the AHLA. This was an inaugural event. But today we are going to be talking about the top five takeaways from the event. That’s why I love these industry events so much.

Hospitality 97

Hospitality Travel Events Market 97

Social Tables

MAY 16, 2019

Great wedding insurance should cover each of the following categories: property damage, guest injuries, and all expenses that result from canceled (or postponed) wedding. Use this guide for long-term event planning. Send your event schedule to your vendors. Consider wedding insurance. Draft your wedding planning timeline.

Events 83

Events Cancellation Shopping Closing 83

Xotels

AUGUST 9, 2021

This means that, in case of cancellation, no commission is due to Google. “What became clear as the COVID crisis unfolded,” Michael Trauttmansdorff, Google’s Group Product Manager for Travel Ads, stated, “was that cancellations especially were a major factor.

Market Share 52

Market Share Hotels OTA Cancellation 52

BCV

AUGUST 19, 2020

In the pre-COVID era, this summit would be happening in a hotel where participants, speakers, and panelists would have flown into a city and stayed at a city hotel for the 2-day long event helping the hotel with new guests to serve and provide an unparalleled experience.

ROI 52

ROI Marketing Market Digital Marketing 52

Up Hotel

MARCH 22, 2021

Hotels can offer a fixed-rate voucher to future guests with flexible cancellation or date rearrangement policies, meaning that anyone can book a stay, pay upfront, and stay whenever they like (or, in this current climate, whenever they can). It doesn’t have to be all doom-and-gloom, “the hotel is closed for the foreseeable future”, etc.

Digital Marketing 52

Digital Marketing Hotels OTA Business 52

SiteMinder

OCTOBER 15, 2023

Dynamic pricing in the hotel industry works by adjusting room rates based directly on real-time market conditions such as special events, competitor behaviour, weather, customer behaviour, and general supply and demand. Learn more How does dynamic pricing work in the hotel industry?

Occupancy 59

Occupancy Revenue Hotels Revenue Management 59

TravelNet

JUNE 26, 2023

Take time to reexamine your cancellation policy, rates, and fees. Essential revenue management tools include: Market analysis Industry assessment Your performance Owner’s performance Examining the competition Dynamic pricing Dynamic pricing allows property owners to adjust prices based on factors such as demand, seasonality, and local events.

Revenue Management 52

Revenue Management Revenue Occupancy Marketing 52

Xotels

APRIL 3, 2024

Key factors considered in market segmentation include length of stay , day-of-week stays, total revenue per room , total revenue per client, booking lead time, cancellation percentage, and no-show ratio. This information enables revenue managers to strategically target specific holidays or events with tailored offers and packages.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

SiteMinder

JANUARY 8, 2024

The entertainment businesses can include attractions of special interest such as zoos and museums, or spectator events such as theatre performances or sports games. Promotions are special rates that can change depending on: – The season or holiday period; – If the guest is a VIP; or, – You want to capitalise on an event. – work hours.

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

The entertainment businesses can include attractions of special interest such as zoos and museums, or spectator events such as theatre performances or sports games. Promotions are special rates that can change depending on: – The season or holiday period; – If the guest is a VIP; or, – You want to capitalise on an event. – work hours.

Operations 52

Operations Management OTA Hotels 52

Travel Media Group

JULY 10, 2024

And went over and met the professor and goes, well, you know, there’s restaurants, there’s hotels, there’s events, and you work in food service, anything you want, what you’re doing right now is hospitality. I couldn’t cancel, it was too late. We’re all people that like to go to events.

Hospitality 52

Hospitality Tourism Events Management 52

Xotels

NOVEMBER 23, 2023

Everywhere where hospitality is provided Hospitality and hotel management, while closely related, differ in scope; hospitality management encompasses a broader definition, including restaurants, bars, and various service-oriented fields, whereas hotel management specifically focuses on accommodation. restaurants, bars, etc.

Management 40

Management Revenue Management Hotels Operations 40

Xotels

NOVEMBER 23, 2023

Everywhere where hospitality is provided Hospitality and hotel management, while closely related, differ in scope; hospitality management encompasses a broader definition, including restaurants, bars, and various service-oriented fields, whereas hotel management specifically focuses on accommodation. restaurants, bars, etc.

Management 40

Management Revenue Management Hotels Operations 40

A Sales Guy

DECEMBER 13, 2012

Churn rate, also known as cancellation rate, is the percentage of customers who have cancelled a product or service within a given time period. For too many companies, the only times they talk to their customers are when events like these occur: The company wants to up sell or suggestive sell the customer.

Sales 113

Sales Cancellation Management Business 113

Hotel Business

APRIL 17, 2025

64% are staying the course Additionally, up to 20% have or are considering cancelling, moving or pulling attendance from meetings and events located in the U.S. 10% are planning or considering cancelling employee attendance at U.S. events When it comes to relocating meetings or events from the U.S.,

59

59