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. –

Operations 52

Operations Management OTA Hotels 52

eZee Absolute

JANUARY 9, 2023

Which is why it is imperative to offer flexible booking options, such as the ability to easily change or cancel reservations. Elegan offers flexible booking options that allow guests to change or cancel their reservations up to 24 hours before their arrival date without any penalties. No doubt, it is going to be a major selling point.

OTA 52

OTA Hotels Accommodation Travel 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 76

Revenue Management Revenue Management Ancillary Revenue 76

Inn Quest

AUGUST 15, 2023

Rate Management: Thereafter, channel management systems help hotels set different room rates for each channel based on demand, seasonality, events and other criteria. They can seamlessly increase revenue and effectively respond to market conditions, thanks to their ability to manage rates.

Management 52

Management Global Distribution System Overbooking OTA 52

Cloudbeds

MARCH 20, 2023

Rather than depend on one or two booking channels, hotels can target market segments on multiple distribution channels such as OTAs, the GDS, and bed banks. For example, if you receive a lot of group bookings, you may decide to divide them into social (weddings, events, etc.) Maintain a diverse distribution strategy.

Hotel Marketing 52

Hotel Marketing Market Marketing Average Daily Rate 52

MediaBoom

APRIL 5, 2024

Better Budget Allocation : By targeting areas with higher interest in specific travel services, companies can allocate their budget more efficiently, ensuring they’re spending money where it’s most likely to convert. Consider featuring tours of popular landmarks, live events, or Q&A sessions with travel experts.

Marketing Strategy 83

Marketing Strategy Market Marketing Travel 83

Little Hotelier

FEBRUARY 22, 2023

Does the hostel’s current target market match your ideal target market? You need to be clear on your rules around booking, cancellation, arrival, departure, payment, and all your on-site rules, which can be as easy as sending a clear and concise email before they arrive. Is the property an appropriate size?

OTA 52

OTA Business Hiring Market 52