Hospitality Net

JULY 31, 2023

The COVID-19 pandemic had a significant impact on Milwaukee’s hotel market, particularly in 2020 when the city experienced a decline in tourism and major event cancellations, coupled with the addition of new supply. However, as the world moves towards recovery, Milwaukee is showing signs of revitalization.

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Cancellation Tourism Hotel Marketing Events 240

Hospitality Net

MAY 10, 2023

The concept is simple, albeit impactful for the industry; after 2+ years of pandemic-related restrictions, travelers are eager to make up for lost time and canceled trips. Within the hospitality world, a new phenomenon is circulating – “revenge travel.”

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Cancellation Events Business Travel 227

Hotel Management

JANUARY 7, 2024

Trip cancellations throughout December resulted in a sharp drop in occupancies, from mid-70% down to 30%, equating to millions of dollars of lost revenue, according to Accommodation Australia CEO, Michael Johnson. “All

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Tourism Cancellation Accommodation Occupancy 287

Hotel Speak

FEBRUARY 12, 2024

It removes a staple of the hotel industry’s digital marketing tools. This blog covers how recent changes affect hotels. In commission bidding, you pay Google only when they secure a booking for your hotel. It has allowed hotels to pay a percentage commission post-consumption rather than upfront.

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Cancellation Digital Marketing Hotels Marketing Strategy 103

Hospitality Net

JUNE 12, 2023

With some hotels either canceling, upselling, or charging for housekeeping, Luka also discusses solutions for forecasting staffing needs, plus the difference between implementing green initiatives vs greenwashing in housekeeping.

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Upsell Cancellation Forecasting Management 180

Hotel News Resource

MAY 23, 2024

California's hotel industry is gearing up for significant changes with the introduction of two pivotal laws: California Senate Bill 644 and California Assembly Bill 537. While the former focuses on cancelation policies, the latter emphasizes pricing display transparency.

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Cancellation Hotels 45

eHotelier

JANUARY 15, 2024

Hotel cancellations happen. What really matters for those in the hospitality industry is how they are handled when they do.

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Cancellation Hotels Hospitality 105

Hospitality Net

JUNE 8, 2023

In a recent Expedia Group traveler survey, more than a third of respondents said they filter for refundable cancellation policies when searching for accommodations on a travel booking website. Flexibility is a major priority for travelers today.

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Cancellation Accommodation Travel Hotels 130

Hospitality Net

AUGUST 27, 2023

Yield management allows hotels to manage the capacity of their rooms more profitably, and the accuracy of statistical forecasting determines how useful it will be. Removing negative values from the equation (see chart below) allows the accuracy to be calculated without positive and negative numbers canceling each other out.

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Forecasting Yield Management Cancellation Revenue Management 188

Inn Quest

OCTOBER 17, 2023

This is why our guide discusses how to avoid overbooking in hotels. As is known, overbooking can be a delicate issue for hotels, as it causes disgruntled guests who are unable to check into their rooms. Hotel Overbooking: Concerning or Not? Hotel overbookings are concerning but not uncommon in the industry.

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Overbooking Cancellation Forecasting Occupancy 88

Cloudbeds

AUGUST 21, 2023

Additionally, you may distribute your hotel rooms across multiple third-party channels such as OTAs , GDS providers , or meta-search providers. Many larger hotels will implement an overbooking strategy. The thought behind this tactic is that some cancellations – or “wash” – will happen. What is an overbooking strategy?

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Overbooking Cancellation Occupancy OTA 98

Hospitality Net

APRIL 26, 2023

2020 saw unprecedented swathes of holiday cancellations. The year COVID-19 hit was a tough one for hospitality and tourism firms, who were forced to make swift decisions about changes to their refund policies. However, no one could clearly envisage how those crisis-induced changes would impact customer loyalty and trust.

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Consumer Cancellation Tourism Hospitality 203

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.

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Forecasting Cancellation Average Length of Stay Revenue 52

Hotelogix

NOVEMBER 13, 2023

The hospitality industry is well acquainted with the concept of hotel overbooking. Although it is a  common practice in hotel management, it has been a matter of debate particularly because of the complications it brings during peak hours. However, in cases of last-minute cancellations, your profit is badly impacted.

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Overbooking Cancellation Occupancy Revenue 59

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. Instead of a time machine, you need data on your hotel’s booking performance from your property management system. And no, it’s not a “Back to the Future” movie scene.

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Cancellation Revenue Occupancy Revenue Management 52

STAAH

FEBRUARY 6, 2024

What is a hotel overbooking strategy? The hotel overbooking strategy is a revenue management technique that hotels use to maximise occupancy and revenue. By deploying this strategy a hotel is insuring itself against possible cancellations by having secured guests who can fill cancelled bookings.

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Overbooking Cancellation Upsell Revenue 89

STAAH

NOVEMBER 28, 2023

1) Increased adoption of technology One of the most significant shift in hotel practices has been the accelerated access and adoption of technology. Guest experience in the hotel can also be personalised with the right technology partners. The pool of environmentally conscious travellers is on the rise.

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Revenue Revenue Management Cancellation Hotels 86

SiteMinder

JUNE 18, 2023

This guide provides a simple but powerful process on how to optimise your hotel’s direct bookings, including: Using images and room descriptions Maintaining availability Integrating your website and booking engine Using Google and social media Creating cancellation policies and communicating with guests And more!

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Cancellation Accommodation Business Hotels 105

SiteMinder

NOVEMBER 6, 2023

In this guide we’ll attempt to bring a bit of clarity to what a hotel might face in terms of Airbnb taxes and fees. Split fee: Usually 3% of every booking, though the fee may be slightly higher for hosts with listings in certain areas of Italy, for Airbnb Plus hosts, or for those who opt for a ‘super strict’ cancellation policy.

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Cancellation Hotels Services OTA 59

Hotel News Resource

APRIL 16, 2024

From sustainability to marketing strategies and the digital transformation of hotels, we covered it all. In our April 2024 edition, we had the pleasure of hosting a panel of experts who shared their invaluable insights on the pressing issues facing our industry today. Let's dive into the key takeaways from this enlightening discussion.

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Cancellation Marketing Strategy Services Hospitality 45

Mews

DECEMBER 27, 2023

If you work in the hotel industry, you've probably heard the term "no show". As you well know, it happens when a guest books a room but neither shows up nor cancels the reservation. Besides being a headache, these no shows can lead to significant financial losses for your business.

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Cancellation Hotels Business 52

Hospitality Today

MAY 14, 2024

Romie is a planning, shopping and booking assistant that can also assist travelers deal with unexpected changes and cancel hotel reservations

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Cancellation Travel Shopping Hotels 40

STAAH

DECEMBER 12, 2023

Here are 8 smart pricing strategies for hotels to boost revenue and drive more bookings during the holiday season The holiday season marks a period of increased travel, festive cheer, and heightened demand in the hospitality industry. Let’s explore some tips to maximize your hotel’s profitability during this festive period.

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Target Marketing Cancellation Forecasting Revenue 79

Hospitality Tech

MAY 3, 2023

The technology enables corporate hotel procurement leaders to efficiently view and consider sustainability metrics and information amid other categories (i.e. room rates, cancellation policy, etc.) as they make preferred supplier decisions.

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Cancellation Hotels 52

Webrezpro

FEBRUARY 5, 2024

Collected here are various statistics and forecasts to inform you of important global and local trends, revenue drivers, cancellation rates, market insights, and guest/consumer preferences. Knowing your numbers lends valuable insight for hoteliers as they plan and strategize for the year ahead.

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Cancellation Forecasting Consumer Hospitality 86

Hotel Speak

DECEMBER 11, 2023

1) Increased adoption of technology One of the most significant shift in hotel practices has been the accelerated access and adoption of technology. Guest experience in the hotel can also be personalised with the right technology partners. The post Tips To Maximise Hotel Revenue In 2024 appeared first on Hotel Speak.

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Revenue Revenue Management Cancellation Hotels 54

Hotelogix

JANUARY 30, 2024

As a hotelier, monitoring your hotel's performance is paramount to ensuring smooth operations and maximizing revenue. In this context, reports are critical as they provide key insights into your hotel's operations, from housekeeping to finance, marketing, and guest preferences.

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Occupancy Average Daily Rate Hotels Cancellation 59

STAAH

AUGUST 8, 2023

This includes your cancellation and booking policies, attractive images, social proof (online reviews) and bold call-to-actions to your booking engine 3) Ensure Your Website is Mobile Friendly Today the majority of travellers book hotels on the go, using their mobile phones. Hence having a mobile-responsive website is a must.

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Cancellation Hotels Shopping Branding 85

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. Hotel Prices and Airfare Expected to Rise As many travelers have already experienced, airfare prices have skyrocketed due, in part, to the cost of fuel.

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Forecasting Cancellation Hotels Construction 52

SiteMinder

DECEMBER 4, 2023

What are hotel industry statistics? Hotel industry statistics refer to data and metrics relating to hotels and other accommodations in the industry. Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. globally next year.

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Occupancy Hotels Average Length of Stay Revenue 59

STAAH

JUNE 7, 2023

Find out more here Cancel Booking feature (enhancement) When cancelling bookings via STAAH MAX extranet, it will now display booking cancellation policy. So the property can see the policy before cancelling. New OTA Integration Online platform offering Hourly Hotels, Homestays, Service Apartments along with F&B.

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Cancellation OTA Market Marketing 79

Little Hotelier

AUGUST 1, 2023

It provides a wide variety of deals and discounts on flights, hotels, rental cars, and more, making it an excellent option for budget-savvy travellers. Part of the Expedia Group Family, Orbitz also offers its users exclusive rewards and VIP access to specific hotels and airlines. Learn more Why should I list my hotel on Orbitz?

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Cancellation Hotels Travel Revenue 52

Hotel Business

NOVEMBER 16, 2023

In the last few years, many in-person meetings, events and conventions worldwide were canceled or postponed. Top convention center cities are preparing for increased demand by building new hotels and refurbishing or repositioning existing ones. Another 35 hotels/6,230 rooms are in the renovation and conversion pipeline.

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Market Marketing Construction Pipeline 122

SiteMinder

MAY 6, 2024

With four years in operation, Golden Collection Hotels is dedicated to developing innovative strategies to help independent hotels compete with large companies in the travel industry. The brand specialises in boutique hotels and are currently working with more than 20 properties to help increase their sales.

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Revenue Cancellation Hotels Sales 52

Little Hotelier

NOVEMBER 6, 2023

What is hotel revenue optimisation? As a small, independent hotelier you may have heard the terms hotel revenue optimisation and hotel revenue management. They get to the heart of what a hotel business is, and are critical to understand if you are to succeed in a competitive market. So what is revenue optimisation?

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Revenue Average Length of Stay Average Daily Rate Hotels 59

Hotel Business

FEBRUARY 22, 2023

SiteMinder’s new Hotel Booking Trends report, a hotel commerce data analysis of more than 36,000 hotels and 450+ connected booking integrations, has revealed travelers booked their trips on average eight days earlier, and canceled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.

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Travel Average Length of Stay Average Daily Rate Global Distribution System 102

SiteMinder

SEPTEMBER 7, 2023

What are hotel fees? Hotel fees encompass a range of extra charges guests may pay for amenities and services. They can also be strategic revenue boosters that can significantly elevate your hotel’s profitability. However, they are more than just additional charges on a guest’s bill.

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Revenue Hotels Services Cancellation 105