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Hotel terminology: A complete guide for hotel owners

SiteMinder

This standardized language streamlines daily operations, from front desk check-ins to revenue management, ensuring clear communication across all hotel departments and with industry partners. CRM system (Customer relationship management) Software that stores guest profiles, tracks interactions and supports tailored marketing.

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The 15 Biggest Revenue Management Myths & Misconceptions

Xotels

Think revenue management is just for the big hotel chains or that it’s all about jacking up prices? Believe me when I say, as the COO of a revenue management consulting firm, that at least one of the below misconceptions is draining your hotel’s profits faster than a leaky faucet. Only if you’re flying blind.

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Hotel Budget Plan: Are you Ready for 2026? (Template & Example)

Xotels

Read through our step-by-step guide explaining how to get ready for 2026 with our revenue management consulting best hotel budgeting practices. Typically, the hotel budget season starts towards the end of August with presentations to management starting the following month. Expense budgeting approach: Last Year with X% Increase 2.

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America hits the brakes on travel

Hospitality Today

Last-minute bookings rising : Booking Holdings and Hyatt both report shorter stays and more last-minute reservations, complicating yield management and pricing strategies. Vacation “trade-down” trend : Travelers aren’t cancelling vacations but opting for closer, shorter, and cheaper alternatives like road trips and campgrounds.

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What is Yield Management: Guide for Hotels

SiteMinder

What is Yield Management? 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. A similar principle can apply to distribution.

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Hotel Revenue Management Strategies

Xotels

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.

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What is a channel manager? All you need to know

Cloudbeds

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?