SiteMinder

JULY 13, 2025

For operators managing furnished apartments, aparthotels, or extended-stay inventory, this shift represents a significant revenue opportunity. Lower operational costs: Longer stays mean fewer room turnovers, reducing housekeeping, laundry, and maintenance expenses.

Revenue 52

Revenue Average Length of Stay Accommodation Occupancy 52

Hospitality Tech

JUNE 5, 2025

By using predictive artificial intelligence, RaccoonRev Plus will generate daily rate recommendations up to 90 days in advance, factoring in signals like competitor rates, historical trends, pickup pace, weather forecasts, and lead-time behavior. AI will make hotel operations more efficient by removing the friction of traditional workflows.

Consumer 52

Consumer Retail Travel Branding 52

SiteMinder

JUNE 22, 2025

According to Tourism Economics’ latest forecast, 2025 remains on track to achieve over 1.6 However, Ellison mentions that these fixed costs are usually the hardest things to shift, and properties who don’t evaluate these costs as they forecast demand are likely to struggle the most. “It’s

Revenue 59

Revenue Consumer Revenue Management Hotels 59

Hospitality Tech

JUNE 10, 2025

Attendees can also preview powerful updates to the Front Desk and Sales & Catering systems, designed to boost operational speed, improve data visibility, and simplify complex workflows for staff.

Events 52

Events Revenue Operations Services 52

SiteMinder

DECEMBER 1, 2024

Invoicing is an unavoidable part of any business’s operations (not to mention the part that ensures you get paid), so you should work to make the process of invoicing as efficient and effective as possible. Why is streamlined hotel invoicing important?

Hotels 52

Hotels Revenue Accommodation Management 52

Hospitality Tech

JUNE 5, 2025

55% abandon purchases, 50% switch brands, and 39% cancel subscriptions when confronted with digital issues. These issues are not just operational annoyances; they have measurable business impact. AI will make hotel operations more efficient by removing the friction of traditional workflows. “RaccoonRev Plus changes that.

Travel 52

Travel Consumer Retail Branding 52

Hospitality Tech

JUNE 5, 2025

We’ll continue to collaborate with our customers to understand their needs for success and deliver the technology to make that possible.” Enseo has always placed emphasis on improving and simplifying operations while enhancing user experiences. These issues are not just operational annoyances; they have measurable business impact.

Consumer 52

Consumer Retail Travel Branding 52

Hospitality Tech

JUNE 10, 2025

6/10/2025 WorldVue to Announce WorldVue Compass at HITEC 2025 At HITEC 2025, WorldVue will unveil WorldVue Compass, a next-generation platform designed to transform the mobile guest experience through intelligent personalization, seamless integration, and operational efficiency. To learn more about Cvent IQ , visit the website here.

Events 52

Events Revenue Operations Services 52

Hospitality Tech

JUNE 10, 2025

Bottom Line: Carnival’s food waste playbook isn’t just for cruise ships—it’s a scalable, tech-forward model that hotel operators can adapt today. “Maestro’s impactful technology is helping independent hotel operators take greater control of their operations while enhancing both guest and staff experiences.

Hotels 52

Hotels Revenue Operations Services 52

Hospitality Tech

JUNE 10, 2025

6/10/2025 WorldVue to Announce WorldVue Compass at HITEC 2025 At HITEC 2025, WorldVue will unveil WorldVue Compass, a next-generation platform designed to transform the mobile guest experience through intelligent personalization, seamless integration, and operational efficiency.

Hiring 52

Hiring Small Business Revenue Operations 52

Anthony Iannarino

JULY 29, 2020

You may also be familiar with forecasted closing dates as “Hopeium.” Under the very best of circumstances, forecasting can still be incredibly difficult. However, some factors can help you dial in your sales forecast, moving you closer to what is true, even if you don’t like the truth your forecast reveals.

Forecasting 90

Forecasting Sales Closing Pipeline 90

SiteMinder

NOVEMBER 22, 2023

What is a hotel cancellation policy? A hotel cancellation policy outlines the terms under which a guest can cancel their booking without incurring a penalty, as well as those scenarios where there will be a fee associated with a cancellation.

Cancellation 59

Cancellation Hotels Revenue Management 59

Inn Quest

APRIL 3, 2023

As the hospitality industry evolves after the pandemic, it’s more important than ever for hotels to streamline their day-to-day operations to improve efficiency, enhance the guest experience, and increase revenue. Here are some ways to streamline operational tasks for your hotel.

Operations 89

Operations Revenue Management Revenue Forecasting 89

Little Hotelier

MARCH 25, 2024

What is hotel forecasting? Hotel forecasting, also known as hotel demand forecasting, is a strategy that sees a hotel analyse historical data and trends to make predictions about future demand. Hotel forecasting reports are built on a foundation of data. Small, independent hotels might form quite basic forecasts.

Forecasting 52

Forecasting Cancellation Average Length of Stay Revenue 52

Hotelogix

JUNE 28, 2024

The Hotel cancellation policy allows guests to cancel reservations up to a specified time before check-in. After this period is crossed, hotels may apply a cancellation fee, a percentage of the booking amount, or the entire booking cost.   Why Should Hotels Have Clear Cancellation Policies?  

Cancellation 52

Cancellation Revenue Hotels Accommodation 52

Hospitality Taskforce

DECEMBER 8, 2022

The last few years have been a rollercoaster for the hospitality industry with the pandemic putting the kibosh on trips to Kaui and canceling Caribbean getaways. The CBRE forecast predicts an increase in demand and revenue per available room (RevPAR) in 2023. In 2023, the cost is expected to increase by another 7%.

Forecasting 52

Forecasting Cancellation Hotels Construction 52

Hotelogix

JULY 18, 2024

Hotel forecasting, also known as hotel demand forecasting, is a strategic process that predicts future demand for hotel rooms and services based on historical data, market trends, and various influencing factors. What is Hotel Forecasting? Hotel financial forecasting helps hoteliers set targets by predicting fiscal outcomes.

Forecasting 52

Forecasting Average Daily Rate Occupancy Revenue Management 52

Inn Quest

OCTOBER 17, 2023

Here’s a brief explanation of the reasons why hotel overbookings happen: Uncertain Cancellations: Hotels anticipate a certain percentage of reservations to be canceled. However, when guests don’t cancel as expected, it can lead to overbooking. Operational Challenges: Managing overbookings requires staff time and resources.

Overbooking 88

Overbooking Cancellation Forecasting Occupancy 88

STAAH

NOVEMBER 28, 2023

From revenue management systems to channel management , booking engines and other technology stacks to automate operations, hoteliers are signing up to more technology than ever before. 6) Time to get rigid with cancellations Make packages a common offering as high cancellation rates start affecting forecasting and revenue.

Revenue 105

Revenue Revenue Management Cancellation Hotels 105

Hotel Speak

SEPTEMBER 26, 2024

One week everything seems to be going fantastically, and the next week we’re forecasting next to nothing for the following month. This short lead time makes it difficult for hoteliers to forecast demand. Good weather can lead to a sudden spike in bookings, while poor weather can result in cancellations and slower demand.

Market 104

Market Marketing Hotels Forecasting 104

Hotel Speak

DECEMBER 11, 2023

From revenue management systems to channel management , booking engines and other technology stacks to automate operations, hoteliers are signing up to more technology than ever before. 6) Time to get rigid with cancellations Make packages a common offering as high cancellation rates start affecting forecasting and revenue.

Revenue 76

Revenue Revenue Management Cancellation Hotels 76

SiteMinder

JUNE 12, 2024

Instead, they’re exploring sophisticated indicators like GOPPAR to gain a holistic view of their operations. This data-driven approach allows hoteliers to make informed decisions about pricing, promotions, and packages based on historical data, market trends, and forecasts. But the evolution doesn’t stop there.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Xotels

APRIL 3, 2024

Following best practices and a well-thought-out strategy is the only way to unlock the full potential of revenue for your hotel , with benefits including: Claim your fair market share: with more hotels forecasted to open every year , gaining a fair market share will become more difficul t each year.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Social Tables

JANUARY 14, 2022

Many hospitality conferences and conventions were virtual or hybrid events , while others were forced to cancel altogether. Attendees of this hospitality conference will receive recaps of valuable data from 2021 as well as forecast reporting on key must-know hospitality trends. The Hotel Show. TTRA Annual International Conference.

Hospitality 159

Hospitality Events Tourism Business 159

SiteMinder

JULY 13, 2024

The most successful hoteliers are savvy operators who continually look for ways to learn and improve the way they do things, gaining an edge over the competition. Without it, your business is essentially forfeiting the ability to boost bookings, revenue and profit, offer competitive rates and promotions, and forecast effectively.

Revenue Management 98

Revenue Management Revenue Management OTA 98

SiteMinder

OCTOBER 8, 2024

is a slightly complicated one, because the business serves a wide range of customers, including hotels, chains, tour operators and travel agencies. But for hotels, Hotelbeds offers a way to increase the booking volumes by granting hotels access to B2B distribution channels , such as tour operators and travel agencies.

B2B 52

B2B Occupancy Cancellation Hotels 52

Cloudbeds

MAY 8, 2024

Searching for demand patterns for your property is like traveling to the past and then going to the future to forecast how to set up your hotel for success. Responding to last-minute changes Your booking performance includes last-minute cancellations, no-shows, and walk-ins, which can significantly impact hotel revenue and occupancy rates.

Cancellation 52

Cancellation Revenue Revenue Management Occupancy 52

Hotel Business

SEPTEMBER 15, 2023

For an effective pricing strategy, you should look to determine your offerings, including: Variety of rates Discounts Your loyalty program offerings Upsell opportunities Slow periods are an excellent time to understand price fences such as advanced purchase, deposit or cancellation policies, as these can be flexed over time.

Revenue Management 64

Revenue Management Revenue Management Forecasting 64

Cloudbeds

OCTOBER 11, 2024

It’s the backbone of hotel operations, helping handle transactions, track income and expenses, maintain compliance, and analyze performance. Although it doesn’t capture financial transactions directly, it provides key metrics like revenue per available room (RevPAR), Average Daily Rate (ADR), and rate trend forecasts.

Forecasting 52

Forecasting Revenue Hotels Average Daily Rate 52

Hotelogix

SEPTEMBER 12, 2024

A Hotel Property Management System (Hotel PMS) is software that helps hotels efficiently organize, schedule, and manage their daily operations. Also known as hotel software, it functions as the nerve centre of hotel operations, facilitating a smooth flow of interdepartmental information. to make key business decisions.

Management 52

Management Revenue Management Hotels Operations 52

Catala Consulting

JULY 30, 2023

Improved Forecasting: Resort revenue management allows establishments to make accurate demand predictions. These forecasts are instrumental in strategic planning, enabling resorts to manage their resources effectively and maintain a consistent revenue stream all year round.

Revenue Management 52

Revenue Management Revenue Resorts Management 52

Hotelogix

OCTOBER 24, 2024

But when integrated, they help a hotel in reducing costs, increasing operational efficiency, improving staff competence, and in serving guests better. It is a software application that helps you manage your daily operations. It automates and streamlines hotel operations across all the departments.

OTA 52

OTA Management Overbooking Cancellation 52

Hotelogix

DECEMBER 25, 2023

A Hotel Property Management System (Hotel PMS System) is a solution that streamlines and automates the daily operations of a hotel. Additionally, integrating a hotel PMS and revenue management system also helps drive revenue by automatically suggesting optimized room rates based on demand forecast, competition pricing, etc. 

Revenue 59

Revenue Sales Shopping Hotels 59

Hotelogix

NOVEMBER 12, 2023

So, in this case, it is highly advisable to adopt a smart cloud-based hotel property management system that would help with hundreds of accurate reports on every aspect of your hotel operations. You can also view the number of rooms that are marked as available, occupied, complementary, cancelled, no-show, day use, etc.

Management 59

Management Occupancy Revenue Average Daily Rate 59

Hotelogix

AUGUST 21, 2024

Hotels operate 24/7, with guest check-in and check-out happening throughout the day. Importance of Night Audit in Hotel Operations It ensures rollover from one business day to the next day. It also provides you with information on rooms per day, occupancy percentage for the past ten days, and its forecast for the next 30 days.

Revenue 52

Revenue Rack Rate Average Daily Rate Hotels 52

Cloudbeds

AUGUST 8, 2024

With business intelligence, you have the knowledge to drive hotel operations, increase your revenue, and enhance your guest experience. We’ll cover several different types of hotel performance data, including reservation behavior, revenue management , finance and accounting, operational, and marketing data.

Business 40

Business Revenue Management Forecasting Revenue 40

Little Hotelier

NOVEMBER 6, 2023

Adjust pricing Forecast demand and adjust your room rates well ahead of time. Manage no-shows and cancellations No-shows and late cancellations can be damaging to your revenue optimisation efforts, so you need to craft a fair policy, ensure all guests understand it, then enforce it to the letter.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59