Remove Cancellation Remove Market Research Remove Revenue Management
article thumbnail

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.

article thumbnail

How to choose hotel revenue management software

SiteMinder

What is revenue management software? Revenue management software is a digital tool designed for the hospitality industry to optimise room rates based on predicted demand. It uses data analytics to forecast hotel room demand, allowing hoteliers to adjust prices accordingly to maximise revenue.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top Revenue Management Strategies for Hotels

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.

article thumbnail

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. Revenue management is the focal point for hotels in today’s climate.

article thumbnail

Hotel industry statistics: Guide for hotels

SiteMinder

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Airbnb is quickly becoming a mainstay for hotels who want to drive additional revenue. The average cancellation rate is 20%. The average booking lead time for hotels is 29.7

article thumbnail

Mews Survey Reveals 68% of Travelers Favor Personalized Experiences Over Traditional Hotel Rewards

Hospitality Tech

." - Survey methodology by Talker Research This random survey of 2,000 Americans aged 18+ who have traveled in the last 12 months, domestic or international, was commissioned by Mews Systems, Inc. in Abandoned Bookings Property management software Hospitable has helped US hosts recover more than $1.2 between Apr. 25 and May 2, 2025.

Travel 52