Hotelogix

APRIL 18, 2024

What induces anxiety and ennui in those who manage such businesses Well, we asked this question to hundreds of hoteliers in the past few months and came up with this word cloud that you see below. This is a fine strategy to start at, however, the problem is managing the hotel on all these OTAs. So what does keep a hotelier up at night?

OTA 52

OTA Overbooking Cancellation Business 52

STAAH

NOVEMBER 8, 2022

Like many other areas in travel and hospitality, revenue management has dramatically changed in the last two years. We spoke to leading revenue managers on what they think lies ahead. Revenue managers have had to up their ante on monitoring local trends and populace segments to get a better understanding of demand.

Revenue Management 72

Revenue Management Revenue Management Forecasting 72

Little Hotelier

JULY 31, 2023

From a fully interactive calendar that enables changes to rates and room types, to an intuitive content manager that allows you to easily update and rate the quality of your content, images, and offers, MaxiRoom is designed to simplify the management of your property in their system.

Cancellation 52

Cancellation Overbooking OTA Occupancy 52

Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. Resort revenue management has become an indispensable tool for businesses, fostering strategies that maximize yield and build strong customer relationships.

Revenue Management 52

Revenue Management Revenue Resorts Management 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. Reduced cancellation risks : The closer the booking is to the stay date, the less likely it is to be cancelled. The answer is a pooled inventory system via a tool like SiteMinder’s channel manager.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

SiteMinder

NOVEMBER 15, 2022

Hotel overbookings can be a divisive topic. Some hoteliers love using this strategy to boost their revenue and protect their property from losing out due to last-minute cancellations. However, you can minimise the risk of having to walk travellers if you have a solid overbooking strategy. What happens when a hotel overbooks?

Overbooking 52

Overbooking Cancellation Occupancy Closing 52

Little Hotelier

OCTOBER 11, 2023

However, you may also be worried about managing the increased workload that awaits you. Don’t overbook as a strategy Some accommodation providers deliberately overbook their rooms to anticipate cancellations. However, overbooking means that you risk double booking, which is not worth the risk.

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Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 52

Xotels

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

eZee Absolute

OCTOBER 16, 2023

Turning Dreams into Reality with eZee’s Solutions Experiencing these challenges, Beach Street Eco Resort & Spa started looking for comprehensive hotel management software that could help them simplify hotel operations. That’s when they turned to eZee.

Resorts 52

Resorts Tourism Fair Share Operations 52

Xotels

JANUARY 18, 2021

One of the components needed to apply a hotel revenue management is market segmentation. As a revenue manager or hotelier, your hotel market segmentation shall help to identify the purpose of the trip: either business or leisure. Cancellation %. Overbooking (from another hotel). What is Hotel Market Segmentation?

Hotel Marketing 40

Hotel Marketing Market Marketing Revenue Management 40

Hotelogix

OCTOBER 18, 2023

  As technology continues to reshape the hospitality landscape, the importance of an effective reservation system cannot be overstated—it's the key to unlocking efficiency and excellence in modern hotel management. This attention to detail contributes to guest loyalty and positive reviews.

Business 40

Business Global Distribution System Cancellation Hotels 40

Inn Quest

AUGUST 15, 2023

At a glance: – Understanding the Hotel Channel Management Landscape – What Is A Hotel Channel Manager? – Technical Features of A Hotel Channel Manager – How To Choose The Right Hotel Channel Manager For Your Hotel? – What Other Systems Can You Use With A Channel Manager At Your Hotel?

Management 52

Management Global Distribution System Overbooking OTA 52

Little Hotelier

FEBRUARY 5, 2024

Vacation rental software is a versatile solution that covers everything from online booking and reservation management to seamless payment processing and automatic guest communication. It’s like having a trusted partner by your side, designed to simplify and supercharge the management of your charming hotel or vacation property.

Management 59

Management Overbooking OTA Accommodation 59

Cloudbeds

JUNE 8, 2023

This year, more properties will invest in technology to help create new revenue opportunities, build better websites , manage marketing campaigns, automate services, and improve the guest experience. To minimize frustrations and manage your property with ease and sophistication that impresses guests, consider hotel management software (HMS).

Management 98

Management Hotels Revenue Digital Marketing 98

Clock Software Hospitality

NOVEMBER 3, 2020

Throughout the years this has led to countless innovations in the industry, culminating with the adoption of hotel property management systems (PMS) which now act as the centre of a hotel’s daily operations. Manage Room Inventory Your hotel’s occupancy is the main metric by which you judge how well your business is doing at the moment.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

SiteMinder

OCTOBER 10, 2023

What is an Agoda channel manager? An Agoda channel manager is a tool designed to help hoteliers optimise their online presence across Agoda’s extensive booking platform. Table of contents Why should hotels consider a channel manager for Agoda? How does an Agoda channel manager work? But that’s not all.

Management 59

Management Overbooking OTA Hotels 59

Clock Software Hospitality

NOVEMBER 24, 2020

Hospitality property management systems (PMS) provide independent hotels with the same set of tools that large hotel chains use to manage their own properties. A hotel’s PMS is its core, it is the source of all operations and distribution, containing all relevant data to successfully manage the property.

Upsell 52

Upsell Hotels Accommodation Events 52

SiteMinder

OCTOBER 20, 2022

In this blog post, we explore how Airbnb as a distribution partner to hotels is different, what Airbnb competitors are out there and what alternatives hoteliers might want to consider in order to diversify their reach using channel managers. Managing Airbnb alternatives with a channel manager. Table of contents.

Average Length of Stay 52

Average Length of Stay Hotels Accommodation Management 52

Social Tables

SEPTEMBER 21, 2023

What are your event cancellation policies ? Overbooking: Double-booking or overbooking restaurant event spaces can increase staff stress and decrease customer service. Dietary restrictions: Work with planners and organizers to confirm any food allergies, manage guest dietary restrictions , and confirm special requests.

Events 88

Events Dining Services Accommodation 88

SiteMinder

OCTOBER 10, 2023

What is a Trivago channel manager? A Trivago channel manager serves as a bridge between your hotel and potential guests. By effectively managing your listings across Trivago, it reduces necessary admin, optimises your online visibility, and enhances guest experience, ensuring that your hotel reaches a wider audience.

Management 59

Management Overbooking OTA Hotels 59

Little Hotelier

FEBRUARY 5, 2024

What is hotel reputation management software? As the name suggests, hotel reputation management software, also called hotel online review software or hotel review management software, is technology designed to help hotels and other accommodation providers to manage their online reputations.

Management 59

Management OTA Hotels Accommodation 59

Cloudbeds

FEBRUARY 28, 2024

Whether online or offline, behind every effortless booking experience is a fast, reliable, and fully integrated hospitality management system. A hotel reservation system is software used in the hotel industry to manage room inventory, rates, and bookings. How do hotel reservation systems work? Increase efficiency.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

Cloudbeds

JULY 15, 2023

For growing hospitality businesses, a channel manager is a fundamental part of successful revenue management and distribution strategy. In this guide for hospitality professionals, you’ll learn all about Channel Managers, from how they work to what makes great software for your business specifically. What is a channel manager?

Management 76

Management OTA Cancellation Overbooking 76

STAAH

DECEMBER 6, 2023

Benefits: You can temporarily halt room sales through specific channels, allowing for better inventory management. Sending zero inventory to channels when fully booked avoids overbooking. 2) Avoid Group Booking Reduce the risk of last-minute cancellation for group bookings, especially over high demand dates.

OTA 88

OTA Overbooking Cancellation Closing 88

Cloudbeds

APRIL 2, 2024

The number of booking channels lodging businesses must manage has expanded exponentially, from their website to online travel agencies , bed banks, GDS’, and metasearch engines. Unlike a channel manager , a CRS can service search requests and create new reservations in real time. The property management system.

Revenue Management 52

Revenue Management Occupancy Revenue Hotels 52

Hotelogix

OCTOBER 19, 2023

Managing daily hotel operations is undoubtedly a complex and stressful task. We are talking about the Hotel Property Management System, also called the Hotel PMS System. Other critical aspects are assigning housekeepers to maintain rooms, managing room-keeping schedules, and tracking inventory such as linen and cleaning supplies. 

Hotels 52

Hotels Revenue OTA Management 52

SiteMinder

MARCH 16, 2023

There’s a range of benefits to having this technology in place at your hotel, mostly based around simplifying your life as a manager or staff member and speeding up a number of processes. It is the easiest way to increase productivity when you manage a hotel or any other type of accommodation.

Overbooking 52

Overbooking Hotels Accommodation Global Distribution System 52