SiteMinder

JUNE 12, 2024

This includes offering tailored packages, suggesting room upgrades, promoting in-house dining experiences, and even curating special entertainment events. This data-driven approach allows hoteliers to make informed decisions about pricing, promotions, and packages based on historical data, market trends, and forecasts.

Yield Management 98

Yield Management Management Revenue Management Forecasting 98

Hotelogix

OCTOBER 18, 2023

This prevents overbookings, eliminates misunderstandings, and ensures that guests receive precise information when making reservations. Guest Profiles: Stores guest information, preferences, and booking history, facilitating personalized service and targeted marketing efforts.

Business 40

Business Global Distribution System Cancellation Hotels 40

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

Inn Quest

AUGUST 15, 2023

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. It enables targeted marketing initiatives and individualized visitor experiences.

Management 52

Management Global Distribution System Overbooking OTA 52