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.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

Hotelogix

OCTOBER 11, 2024

A no-show in the hotel industry occurs when a guest makes a reservation but fails to show up or cancel their booking in advance. This can lead to different challenges for hotels, leading to financial losses and wasted resources. Understanding the intricacies of no-shows is important for effective hotel management.

Cancellation 52

Cancellation Overbooking Occupancy Hotels 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. Hotel PMS System, or hotel management software, is crucial for generating more revenue. It should be your very first step towards achieving your revenue goals.

Revenue 59

Revenue Sales Shopping Hotels 59

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

eZee Absolute

SEPTEMBER 26, 2024

No-shows are a recurring challenge in the hospitality industry, but with the right strategies, hotels and resorts can minimize their impact and maximize revenue. In this blog, we’ll explore the concept of no-shows in hotels, their impact on revenue and operations, and discuss effective policies to mitigate their effects.

Cancellation 52

Cancellation Hotels Revenue OTA 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

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

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

Hotel Business

SEPTEMBER 9, 2024

Unexpected geopolitical shifts might lead to sudden changes in travel restrictions or entry requirements, catching both guests and hotels off guard. When these reservations are managed manually or through outdated systems, it can lead to staff stress overload, errors, wasted resources, dissatisfied guests and lost revenue.

Travel 52

Travel Cancellation Scale Accommodation 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 52

Operations Management OTA Hotels 52

Xotels

MAY 30, 2024

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. I have been in hotel revenue management consulting since 2006, and it is a question that keeps coming back. How can I make more profit with my hotel?’ Article Summary: Which is it? Occupancy or ADR?

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

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.

Occupancy 59

Occupancy Average Daily Rate Hotels Revenue 59

Hotel Speak

JUNE 4, 2024

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. I have been in hotel revenue management consulting since 2006, and it is a question that keeps coming back. How can I make more profit with my hotel?’ Basically, any cost related to selling rooms.

Revenue Management 47

Revenue Management Occupancy Revenue Average Daily Rate 47

SiteMinder

JUNE 11, 2024

Brady Hotels & Apartments is an independent hotel group owned and operated out of Melbourne, Australia. With four locations in the heart of the city, Brady Hotels is characterised by its genuine service and authenticity. Our smart hotel platform helps you do exactly that.

Global Distribution System 98

Global Distribution System Revenue Hotels Operations 98

Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Why is Revenue Management Imperative for Resorts?

Revenue Management 52

Revenue Management Revenue Resorts Management 52

STAAH

AUGUST 11, 2024

Renowned for its exceptional service standards, Sayaji Group of Hotels is a sophisticated collection of 15 individually designed hotels catering to both leisure and business travellers with stylish guest rooms and versatile meeting facilities across 11 Indian cities. 30% increase in revenue.

Occupancy 91

Occupancy Revenue Cancellation Hotels 91

SiteMinder

JULY 21, 2024

Many hotels confidently claim that they uphold tradition. However, this statement applies to the Hotel Hirsch 1783 on Lake Constance like no other. Because, as the name suggests, the hotel has been welcoming guests for over 340 years – in family hands. Our smart hotel platform helps you do exactly that.

Operations 52

Operations Overbooking Hotels Cancellation 52

Hotelogix

AUGUST 21, 2024

Night Audit in Hotel Front Office is a significant part of a hotel's accounting process. This process records, reviews, and collates all the hotel's financial activities in one day and posts them on appropriate account heads. What is Night Auditing in the Hotel Industry? How to do a Night Audit at a Hotel?

Revenue 52

Revenue Average Daily Rate Rack Rate Hotels 52

Cloudbeds

AUGUST 21, 2023

While for some hoteliers it’s best to avoid overbookings altogether, for others, a good strategy can increase revenue, improve the occupancy rate and mitigate losses. Additionally, you may distribute your hotel rooms across multiple third-party channels such as OTAs , GDS providers , or meta-search providers.

Overbooking 98

Overbooking Cancellation Occupancy OTA 98

Hotel Business

SEPTEMBER 15, 2023

Eister There are many myths about revenue management, but there are five we hear most often. Myth #1: Revenue management is only essential when business is booming. Revenue management is a fundamental part of business, especially in such a dynamic industry as hospitality. We need to fill our hotels!

Revenue Management 64

Revenue Management Revenue Management Forecasting 64

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.

Cancellation 52

Cancellation Revenue Occupancy Revenue Management 52

SiteMinder

OCTOBER 8, 2024

The MaxiRoom extranet allows hotels to optimise their use of the Hotelbeds platform, which in turn helps to maximise bookings. Hotelbeds launched MaxiRoom in 2015 to offer hotels and other Hotelbeds partners a more intuitive interface to control their inventory. How many hotels do Hotelbeds have? What is MaxiRoom?

B2B 52

B2B Occupancy Cancellation Hotels 52

SiteMinder

JUNE 12, 2024

Yield management is a pricing and revenue management strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. Over time, these roles matured and transformed, giving birth to the modern-day revenue or reservations managers.

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Yield Management Management Revenue Management Revenue 98

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

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. They help mitigate the revenue loss from unsold rooms and encourage responsible booking behaviour.

Revenue 105

Revenue Hotels Services Cancellation 105

SiteMinder

JULY 15, 2024

Booking lead time is the time between a guest making their booking and arriving at your hotel for their stay. For example, a guest who books your hotel on the 17th of July and arrives on the 31st of July has a booking lead time of 14 days. Greater lead time also gives your hotel more time to learn about your guests.

Cancellation 52

Cancellation Hotels Revenue Travel 52

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. However, it isn’t just a matter of “more = better”.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

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?

Forecasting 52

Forecasting Average Daily Rate Occupancy Revenue Management 52

SiteMinder

JUNE 24, 2024

Booking.com fees refer to the various charges that hotel owners and hosts incur when listing their properties on Booking.com. Understanding these fees is essential for effectively managing your hotel’s revenue. If your hotel charges additional resort fees, these need to be clearly communicated to guests and managed separately.

Cancellation 52

Cancellation Overbooking Revenue OTA 52

Hotel Speak

SEPTEMBER 26, 2024

Rising costs, changing booking trends, good leaders, and even the weather…are just some of the things that have influenced the performance of hotels so far this year. One key trend this year has been the overall drop in demand for hotel rooms. The squeeze on operating expenses has been significant.

Market 82

Market Marketing Hotels Forecasting 82

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.

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Management Occupancy Revenue Average Daily Rate 59

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

Cloudbeds

AUGUST 8, 2024

Whether you’re a revenue manager, accountant, front office manager, or hotel owner, you need real-time data and visualizations to understand what’s happening at any given time. Hotel business intelligence takes your existing data and tech stack to the next level. What is hotel business intelligence?

Business 40

Business Revenue Management Forecasting Revenue 40

SiteMinder

OCTOBER 23, 2024

What are hotel scams? Hotel scams are fraudulent schemes targeting both hotel guests and hotel businesses. Guests may also be targeted by fake Wi-Fi networks in hotels, where scammers set up unsecured networks to steal personal information. Table of contents Why are hotels vulnerable to scams?

Hotels 52

Hotels Management Revenue Services 52

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.

Travel 102

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

Cloudbeds

APRIL 24, 2023

At the same time, however, it has increased the exposure of lodging operators to a growing problem: credit card fraud. For owners and operators of independent lodging businesses, credit card fraud is not only time-consuming and costly, but it can also damage traveler trust, guest loyalty , and online reputation.

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Hotels Cancellation Operations Consumer 98