Social Tables

DECEMBER 13, 2016

If you’ve been in the industry long enough, you’ve probably had to deal with an event you were forced to cancel. So, whether it’s hurricanes, insane traffic, or an alien invasion – here are 3 crucial steps to take to recover from an event cancellation. Evaluate the Reason for Cancellation.

Cancellation 83

Cancellation Events Business Market 83

Webrezpro

FEBRUARY 5, 2024

Collected here are various statistics and forecasts to inform you of important global and local trends, revenue drivers, cancellation rates, market insights, and guest/consumer preferences. Knowing your numbers lends valuable insight for hoteliers as they plan and strategize for the year ahead.

Cancellation 87

Cancellation Forecasting Consumer Hospitality 87

STAAH

DECEMBER 13, 2023

Worldwide marketing – Booking.com promotes you on search engines and online channels for exposure to more potential guests. Flexible Rate or Free Cancellation – the most popular rate types among our guests. Guests who choose this rate plan are not entitled to free cancellations, which encourages commitment to their bookings.

Cancellation 77

Cancellation Revenue Market Marketing 77

Hotel News Resource

APRIL 16, 2024

From sustainability to marketing strategies and the digital transformation of hotels, we covered it all. In our April 2024 edition, we had the pleasure of hosting a panel of experts who shared their invaluable insights on the pressing issues facing our industry today. Let's dive into the key takeaways from this enlightening discussion.

Cancellation 45

Cancellation Marketing Strategy Services Hospitality 45

Hotel Speak

FEBRUARY 12, 2024

It removes a staple of the hotel industry’s digital marketing tools. You have the flexibility to choose the commission rate, for example, 10% or 14%, and decide whether to pay for each booking or only for stays i.e. accounting for cancellations. This blog covers how recent changes affect hotels. What is commission bidding?

Cancellation 102

Cancellation Digital Marketing Hotels Marketing Strategy 102

STAAH

FEBRUARY 6, 2024

By deploying this strategy a hotel is insuring itself against possible cancellations by having secured guests who can fill cancelled bookings. Data must be used to inform how many no-shows or cancellations to expect so you can overbook by that much. 2) Use multiple data sources.

Overbooking 89

Overbooking Cancellation Upsell Revenue 89

STAAH

JUNE 7, 2023

Market Insights by Booking.com Market insights can provide a comprehensive understanding of market trends, guest preferences and industry dynamics. STAAH MAX users can analyze market insights and make informed decisions. So the property can see the policy before cancelling.

Cancellation 79

Cancellation OTA Market Marketing 79

Amadeus Hospitality

APRIL 5, 2024

The Hotel marketers who have traditionally applied lower risk bidding strategies such as Google’s Commissions Per Stay (CPS), Commissions Per Booking (CPB), or Cost Per Acquisition (CPA) will need to consider alternative models.

Cost Per Click 59

Cost Per Click Hotel Marketing Market Marketing 59

Inn Quest

OCTOBER 17, 2023

Here’s a brief explanation of the reasons why hotel overbookings happen: Uncertain Cancellations: Hotels anticipate a certain percentage of reservations to be canceled. However, when guests don’t cancel as expected, it can lead to overbooking. In a competitive market, dynamic pricing gives hotels an edge.

Overbooking 88

Overbooking Cancellation Forecasting Occupancy 88

Cloudbeds

MAY 8, 2024

You might consider offering special promotions or targeted marketing campaigns to attract guests during these quieter times and ensure your rooms aren’t sitting empty. Understanding these trends can help you tailor your marketing and pricing strategies to each channel accordingly.

Cancellation 52

Cancellation Revenue Occupancy Revenue Management 52

Little Hotelier

MARCH 25, 2024

This can be internal data (from a hotel’s systems) and external data (competitor pricing and market trends). Identify new markets and guest segments. Cancellation data: How types of guests and times of year affect cancellation and no-show rates. bad weather, surprise events or event cancellations).

Forecasting 52

Forecasting Cancellation Average Length of Stay Revenue 52

STAAH

JULY 12, 2023

On Expedia Group sites, your property will show ‘Free Cancellation’ in traveller search results. In a recent survey, travellers told us that the ability to cancel and get a full refund if their plans change is one of their top considerations when booking travel.* We recommend a 100% refund for cancellations within a short.

Cancellation 79

Cancellation General Manager Travel Accommodation 79

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

STAAH

DECEMBER 12, 2023

Use targeted marketing campaigns across digital platforms and social media channels to promote these time-sensitive deals, driving immediate bookings while creating a buzz around your hotel. Targeted Marketing and Segmentation Segment your audience based on demographics, interests, or past booking behaviors.

Target Marketing 78

Target Marketing Cancellation Forecasting Revenue 78

gcommerce

FEBRUARY 13, 2023

5 Must-Have Hotel Marketing Channels Last week, in “ Hotel Marketing in a Down Economy, ” GCommerce’s Founder, Scott van Hartesvelt , shared some important hotel booking pattern signals, what history has taught us about navigating a challenging economy, and how properties can come out stronger on the other side. decrease YoY.

Digital Marketing 52

Digital Marketing Market Marketing Cost Per Click 52

Hotelogix

NOVEMBER 13, 2023

However, in cases of last-minute cancellations, your profit is badly impacted. Hotels deliberately do this as a safety measure to avoid losses in case of any last-minute cancellations or no-shows. You must take into consideration factors such as seasonal cancellations, demographics, customer loyalty, overstays, etc.

Overbooking 59

Overbooking Cancellation Occupancy Revenue 59

Fuel Travel

JANUARY 24, 2023

While many property management systems auto-generate simple transactional emails, proper email marketing software for hotels does so much more than the basics. In 2023, hotels need to use email marketing to stay competitive and relevant. It may seem overwhelming, but email marketing does not have to be difficult.

Email Marketing 52

Email Marketing Market Marketing Hotels 52

Skift Blog

JANUARY 8, 2024

After all, India is the archipelago's biggest tourism source market. Skift Take: The #BoycottMaldives movement, fueled by a diplomatic dispute, should be of concern for the Maldivian government. Peden Doma Bhutia Read the Complete Story On Skift

Tourism 284

Tourism Market Marketing Cancellation 284

Spherical

MARCH 16, 2020

We encourage you all to keep in touch, keep communicating, and keep the conversations going here and on our multiple channels: @sphrcl and can connect directly with Adam @adwal or LI See a collection of our hotel marketing considerations during this time.

Hotel Marketing 52

Hotel Marketing Market Marketing Cancellation 52

STAAH

NOVEMBER 28, 2023

To cope with a highly dynamic market , improve efficiency and meet the evolving needs of guests, there have been some shifts in revenue management and distribution. 6) Time to get rigid with cancellations Make packages a common offering as high cancellation rates start affecting forecasting and revenue.

Revenue 86

Revenue Revenue Management Cancellation Hotels 86

Lure Agency

MARCH 7, 2023

That’s where relationship marketing comes in. On the InnSync Show, Cory Falter and Teresa Winfield of Pan Pacific Seattle recently discussed how hotel sales teams could ensure better leads through relationship marketing strategies. What is Relationship Marketing? Relationship marketing is infused into all our strategies.

Market 52

Market Marketing Marketing Strategy Sales 52

Xotels

JANUARY 18, 2021

One of the components needed to apply a hotel revenue management is market segmentation. It allows you to target and market to a variety of consumer groups with different behaviour with an offer that matches their needs and budget level. What is Hotel Market Segmentation? The price does not decide the market segmentation.

Hotel Marketing 40

Hotel Marketing Market Marketing Revenue Management 40

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. But a return to travel, a pilot shortage, and flight cancellations have all increased demand, increasing ticket prices in the process.

Forecasting 52

Forecasting Cancellation Hotels Construction 52

Hotelogix

JANUARY 30, 2024

In this context, reports are critical as they provide key insights into your hotel's operations, from housekeeping to finance, marketing, and guest preferences. The report also covers cancellations, no-shows, and temporary reservations for the day.

Occupancy 59

Occupancy Average Daily Rate Hotels Cancellation 59

SiteMinder

MARCH 22, 2023

This year you’ll also be able to access key market intelligence and metrics that explore findings from the analysis of more than 100 million reservations!

Average Length of Stay 52

Average Length of Stay Average Daily Rate Cancellation Revenue 52

Hotel Speak

JANUARY 23, 2024

For hotel marketers, navigating this new landscape means ditching the rearview mirror and focusing on the winding road ahead – a road packed with trends that demand both agility and vision. Gone are the days of one-size-fits-all marketing. 2024 is a year of both challenges and opportunities for hotel marketers.

Hospitality 88

Hospitality Cancellation Market Marketing 88

STAAH

NOVEMBER 1, 2023

Properties can tap into this increase in demand and secure revenue by offering targeted discounts to international travellers who tend to book earlier and cancel less. Read more here Market Insights by Booking.com Market insights can provide a comprehensive understanding of market trends, guest preferences and industry dynamics.

OTA 89

OTA Cancellation Market Marketing 89

STAAH

AUGUST 8, 2023

This includes your cancellation and booking policies, attractive images, social proof (online reviews) and bold call-to-actions to your booking engine 3) Ensure Your Website is Mobile Friendly Today the majority of travellers book hotels on the go, using their mobile phones. Your policies on this subject should be easily accessible.

Cancellation 85

Cancellation Hotels Shopping Branding 85

Hotel Speak

DECEMBER 11, 2023

To cope with a highly dynamic market , improve efficiency and meet the evolving needs of guests, there have been some shifts in revenue management and distribution. 6) Time to get rigid with cancellations Make packages a common offering as high cancellation rates start affecting forecasting and revenue.

Revenue 54

Revenue Revenue Management Cancellation Hotels 54

Little Hotelier

JULY 31, 2023

MaxiRoom is equipped with a range of features aimed at optimising your hotel’s performance across Hotelbeds’ worldwide markets and channels. Marketing tools : Little Hotelier offers a range of marketing tools to help you attract more guests.

Cancellation 52

Cancellation Overbooking OTA Occupancy 52

STAAH

JUNE 6, 2023

This data can be analyzed to gain market insights into guest behaviour, identify trends, and create targeted marketing campaigns. With the right analytics tools, hotels can make data-driven decisions to optimize their revenue and marketing strategies. Feel free to write to us at marketing@staah.com

Cancellation 72

Cancellation OTA Global Distribution System Revenue 72

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. The average cancellation rate is 20%. Here are some other key stats on the US hotel industry: The hotel market in the US is worth more than $106 billion. The average length of stay is 1.93

Occupancy 59

Occupancy Hotels Average Length of Stay Revenue 59

SiteMinder

FEBRUARY 13, 2023

SiteMinder’s new Hotel Booking Trends report, the only hotel commerce data analysis of more than 35,000 hotels and 450+ connected booking integrations, has revealed travellers booked their trips on average eight days earlier, and cancelled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.

Average Length of Stay 52

Average Length of Stay Average Daily Rate Travel Global Distribution System 52

Amadeus Hospitality

NOVEMBER 28, 2023

Partner with a technology provider that offers both historical and forward-looking insights so you can better understand what’s coming into your market, and how your performance stacks up against your competitive set. Even highlighting “free cancellation” or other flexible policies can work to enhance the hotel’s sales and revenue strategies.

Sales 52

Sales Hotel Sales Cancellation Events 52

eZee Absolute

SEPTEMBER 22, 2023

They usually come with flexible booking and cancellation policies, allowing guests to make changes or cancel reservations without incurring significant penalties. Non-Refundable Rates: Non-refundable rates are typically lower than standard rates but come with stricter cancellation policies.

Revenue 52

Revenue Management Occupancy Revenue Management 52

eZee Absolute

MAY 13, 2024

An RMS is a comprehensive software solution designed to analyze various data points, including historical booking patterns, market demand, competitor pricing, and other factors that influence revenue generation for your hotel. It evaluates the effectiveness of recent pricing and marketing strategies, allowing for adjustments and corrections.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Little Hotelier

JUNE 5, 2023

However, Airbnb’s commission can go up to 14% or more for hosts who have a Super Strict cancellation policy. Hosts who are in certain countries (such as Italy) and those who have Super Strict cancellation policies may pay more than 3%. Cancellation fees Cancellation fees apply if a guest cancels a reservation during certain periods.

Cancellation 52

Cancellation Revenue OTA Services 52