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

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.

Overbooking 59

Overbooking Cancellation Occupancy Revenue 59

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.

Overbooking 89

Overbooking Cancellation Upsell Revenue 89

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.

Occupancy 59

Occupancy Hotels Average Length of Stay Revenue 59

eZee Absolute

SEPTEMBER 22, 2023

Running a hotel is a complex and balancing act: you want to ensure all your rooms are booked and your guests are happy, but how do you set the right prices to make this happen? Well, that’s where “hotel rate types” come into play. Table of Content What are hotel rate types? So, let’s dive in!

Revenue 52

Revenue Management Occupancy Revenue Management 52

eZee Absolute

MAY 13, 2024

Well, the answer lies in how well you’re using your Hotel Revenue Management System (RMS) reports. But with so many reports available, how do you find the ones essential for maximizing your hotel’s revenue? Flash Report Flash Report presents the summary of hotel performance metrics.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

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.

Revenue 52

Revenue Cancellation Hotels Sales 52

Hotelogix

NOVEMBER 12, 2023

Call them hotel reports or hotel management system reports, they help you gain insights on your hotel business so that you can make data-driven decisions. However, without a hotel property management system, it would be next to impossible to extract those reports manually.

Management 59

Management Occupancy Average Daily Rate Revenue 59

SiteMinder

SEPTEMBER 6, 2023

While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. However, they do require a level of agility and real-time responsiveness from the hotel’s end to ensure a seamless guest experience. This adds a layer of reliability to your occupancy rates.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

Little Hotelier

OCTOBER 11, 2023

Peak season in hotel industry parlance refers to the times of year that are most popular amongst guests, and are therefore the times of year that your room rates are at their highest and your property is at its fullest. Learn more When is peak travel season for hotels? What is peak season? To answer the question “when is peak season?”,

Maximum Length of Stay 52

Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 52

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.

Revenue 105

Revenue Hotels Services Cancellation 105

Travelboom Marketing

MARCH 12, 2024

After choosing where they’ll vacation, guests typically consider the next difficult decision about their trip: Airbnb or hotel? This company, along with others like VRBO , keeps hoteliers on their toes as they continue to compete for occupancy in both top destinations and less-traveled locations.

Hotels 52

Hotels Cancellation Digital Marketing Accommodation 52

STAAH

MAY 24, 2023

6)Identifying popular cancellation policies: By analyzing popular cancellation policies , hoteliers/accommodation providers can gain a better understanding of guest preferences and factors that influence their decision to cancel a booking.

Market 80

Market Marketing Cancellation Accommodation 80

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?

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

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. It is a powerful tool that efficiently enables hotel managers/owners to manage guest reservations, room assignments, check-ins, check-outs, billing, housekeeping, and many other essential tasks.

Revenue 59

Revenue Sales Hotels Shopping 59

SiteMinder

OCTOBER 15, 2023

What is hotel dynamic pricing? Dynamic pricing is a pricing strategy for hotels that involves changing room rates daily, or even within the day based on real-time market conditions. Taking supply and demand into account, dynamic pricing allows for prices to fluctuate regularly so the hotel can maximise revenue.

Occupancy 59

Occupancy Revenue Hotels Revenue Management 59

Hotelogix

NOVEMBER 13, 2023

Pricing strategies in the hotel industry is one topic that will forever be discussed by hoteliers the world over. After all, there is no magic mantra that is universally approved for hotels to achieve their goals and increase hotel Revenue! What is Hotel Room Pricing Strategy?

Revenue 52

Revenue Occupancy Forecasting Minimum Length of Stay 52

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 88

Operations Revenue Management Forecasting Revenue 88

Little Hotelier

JULY 31, 2023

MaxiRoom is a free hotel extranet launched by the Hotelbeds Group, the world’s leading bedbank , in 2015. It’s designed to maximise hotel occupancy through its distribution channels. MaxiRoom is more than just a hotel extranet. What is MaxiRoom?

Cancellation 52

Cancellation Overbooking OTA Occupancy 52

SiteMinder

OCTOBER 15, 2023

Booking channels are platforms by which your hotel can accept reservations online or offline. They can also be known as distribution channels and are crucial for ensuring your hotel maintains a healthy occupancy rate and revenue stream. Table of contents Why are online booking channels important for hotels?

Global Distribution System 59

Global Distribution System OTA Revenue Hotels 59

Hotelier Magazine

DECEMBER 14, 2023

TORONTO — As 2023 draws to a close, regional HVS leaders across the globe have taken a look back at how the global hotel industry fared this year and opine on the outlook for 2024 in its latest report. In Canada, the year 2023 set new benchmarks for the hotel industry. While the U.S.

Forecasting 52

Forecasting Cancellation Hotels Closing 52

SiteMinder

MAY 25, 2023

SiteMinder and The Hotels Network Conversion rates and abandoned reservations have always been a challenge for hotels, more so than in most other industries. The average hotel website converts somewhere between 1.5-2.5% Here are the 10 best tips from SiteMinder and The Hotels Network: 5 tips from SiteMinder 1.

Revenue 98

Revenue Cancellation Accommodation Hotels 98

SiteMinder

MAY 16, 2023

Table of contents Introduction from SiteMinder: The bleisure market and hotel booking trends Following the pandemic, the bleisure market changed from a growing niche to a mainstream source of bookings for accommodation providers. You’ll find just as many in luxury hotels as you will in B&Bs or vacation rentals.

Average Length of Stay 105

Average Length of Stay Occupancy Average Daily Rate Revenue 105

Travelboom Marketing

SEPTEMBER 1, 2023

Hotels are experiencing a major shift in traveler behavior, including the most recent demands from guests. In the latest TravelBoom Leisure Travel Trends Study , we recognize the importance of loyalty programs for hotels. Guests are looking for the best hotel rewards program available. loyalty programs for hotels.

Upsell 52

Upsell Ancillary Revenue Hotels Travel 52

STAAH

MAY 30, 2023

In today’s digital age, effective hotel distribution and pricing strategies are crucial for maximizing revenue and staying competitive. This article highlights the non-negotiable elements that form the foundation of a profitable hotel distribution strategy.

OTA 82

OTA Hotels Revenue Travel 82

SiteMinder

NOVEMBER 15, 2022

Google is no longer just a search engine and a verb, but also one of the top places where travellers begin their hotel search. This blog will give you a full guide to Google Hotel Ads, explaining how hotels can manage their Google presence with ease using integrations, while responsibly managing a budget and maximising revenue.

Cost Per Click 105

Cost Per Click Hotels Cancellation Management 105

Fuel Travel

JUNE 27, 2023

The hotel check-in process has long been an important, albeit tedious step in a hotel guest’s to-do list. But it’s becoming much easier to improve the hotel check-in process thanks to an advancement in user-friendly hotel software systems. Schedule a hotel mobile app demo. Introducing the hotel mobile key.

Hotels 78

Hotels Cancellation OTA Occupancy 78

Hotelogix

OCTOBER 18, 2023

A hotel reservation system is far more than a booking tool. It's a comprehensive solution that empowers your hotel to optimize operations, deliver exceptional guest experiences, and thrive in a competitive industry. 

Business 40

Business Global Distribution System Cancellation Hotels 40

Boutique Hotel News

OCTOBER 27, 2022

UK: IHM, in partnership with AHV Associates and H+G, hosted a hotels and hospitality Urban Living Insights event at the House of Lords yesterday. . IHM’s editor-in-chief, George Sell, then hosted a discussion about the future outlook for hotels and hospitality. . Luxury hotels have performed incredibly well, as have economy.

Hospitality 52

Hospitality Real Estate Hotels Events 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. First, to infrastructure: 103,230 rooms are scheduled to open this year in 865 US hotels. decrease in occupancy during December.

Hospitality 52

Hospitality Cancellation OTA Tourism 52

SiteMinder

JANUARY 8, 2024

What is hotel management? Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Even if you don’t have the luxury of hiring a full team of staff, it’s not impossible to run a successful small hotel business.

Operations 59

Operations Management OTA Hotels 59

Cloudbeds

MARCH 8, 2024

In the hospitality industry, hotel accounting is about tracking your cash flow across all areas of your property. It ensures all financial aspects of your hotel business are kept up to date and provides valuable reporting and forecasting tools to help hoteliers make smart, data-driven decisions.

Forecasting 52

Forecasting Revenue Hotels Revenue Management 52

STAAH

NOVEMBER 8, 2022

One of the rising innovations taking off in hotel revenue management is the growing sophistication of overbooking controls, which provides hotels control over excess bookings and cancellations to fly as close as possible to 100 percent occupancy consistently.

Revenue Management 71

Revenue Management Revenue Management Forecasting 71

SiteMinder

JANUARY 8, 2024

What is hotel management? Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Even if you don’t have the luxury of hiring a full team of staff, it’s not impossible to run a successful small hotel business.

Operations 52

Operations Management OTA Hotels 52

Clock Software Hospitality

DECEMBER 8, 2020

While loyal guests may not make up the bulk of your visitors throughout the year, their lifetime value plays a key role in your hotel’s business growth. One of the most challenging aspects of running a hotel is determining exactly which segment is worth targeting in terms of loyalty.

Cancellation 52

Cancellation Hotels Services Occupancy 52

Q4Launch

FEBRUARY 3, 2022

Maybe you just started thinking about where you’d want to go, or perhaps you bought your plane ticket and booked your hotel. Knowing the stages of the guest life cycle in hotels and how to target potential guests at each step of the vacation-planning process is a crucial aspect of running a successful marketing campaign.

Marketing Strategy 52

Marketing Strategy Upsell Occupancy Hotels 52

eZee Absolute

JANUARY 9, 2023

And what better place to set up shop than a cozy hotel room? That’s right, hotels have the chance to bet on this trend by attracting these tech-savvy wanderers who are flocking to Malaysia in droves. But is your hotel prepared to cater to them? How Can Hotels Benefit from Hosting Digital Nomads? Don’t fret, if not!

OTA 52

OTA Hotels Accommodation Travel 52