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Hotel Revenue Management Strategies

Xotels

Also, gone are the days of selling the majority of your rooms through OTAs. Making sure you get your fair share of direct bookings allows you to compete with OTAs and avoiding to pay the hefty commissions on those bookings. This is one of the first steps when creating a revenue management strategy, performing thorough market research.

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What is Yield Management: Guide for Hotels

SiteMinder

The use of yield management should factor in the costs of channels – from GDSs, OTAs, wholesalers, meta search sites and property websites to direct calls – and therefore how to better yield your inventory by channel, customer and more. This can involve overbooking strategies to account for last-minute cancellations or no-shows.

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How to open and run a hostel

Little Hotelier

Where and how do your competitors market and advertise themselves? Which OTAs do your direct competitors use? You should invest time in setting up OTA listings , social media channels and your Google Business Profile, and consider investing in online advertising to put your name up in lights. Reach out to owners on LinkedIn.

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How to choose hotel revenue management software

SiteMinder

Demand and booking reports: Identify current and future trends around bookings, cancellations, and no-shows to better anticipate fluctuations in demand. Direct vs OTA vs GDS). By analysing relevant listings across leading global OTAs, you get a clear picture of where your hotel offering sits against your competitors.

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Top Revenue Management Strategies for Hotels

Xotels

Also, gone are the days of selling the majority of your rooms through OTAs. Making sure you get your fair share of direct bookings allows you to compete with OTAs and avoiding to pay the hefty commissions on those bookings. This is one of the first steps when creating a revenue management strategy, performing thorough market research.

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Grow Guest House Bookings with Smart Tips

Hotelogix

Many guest house owners face low occupancy even when listed on all major OTAs. According to a 2024 study by Skift Research, by 2030, direct digital bookings will dominate hotel distribution, generating over $400 billion in gross bookings—overtaking online travel agencies which are expected to bring in $333 billion.

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