Little Hotelier

MARCH 25, 2024

Once your hotel has an idea of demand, you can make tweaks to your room and service prices that help maximise revenue and occupancy. This can be internal data (from a hotel’s systems) and external data (competitor pricing and market trends). Identify new markets and guest segments.

Forecasting 52

Forecasting Cancellation Average Length of Stay Revenue 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. Achieving full occupancy and maximizing revenue - With hotel overbooking, you have a full-proof plan to maximize your revenue.

Overbooking 59

Overbooking Cancellation Occupancy Revenue 59

eZee Absolute

SEPTEMBER 22, 2023

In this blog, we’ll break down the various hotel rate types, and how they can benefit your business and provide actionable strategies for you to maximize your revenue and occupancy. Non-Refundable Rates: Non-refundable rates are typically lower than standard rates but come with stricter cancellation policies. So, let’s dive in!

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. For example: A hotel’s booking pace report for the upcoming month falls short of the occupancy target.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Hotel occupancy will increase 2.5% The average cancellation rate is 20%. By 2027, more than 160 million ‘users’ will be a part of the hotel market. globally next year.

Occupancy 59

Occupancy Hotels Average Length of Stay Revenue 59

Hotelogix

NOVEMBER 12, 2023

Plus, it also provides you with information on rooms per day (RPD) and occupancy percentage for the past 10 days and its forecast for the next 30 days. You can also view the number of rooms that are marked as available, occupied, complementary, cancelled, no-show, day use, etc.

Management 59

Management Occupancy Average Daily Rate Revenue 59

Little Hotelier

JULY 31, 2023

It’s designed to maximise hotel occupancy through its distribution channels. 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

SiteMinder

MAY 6, 2024

Hotels that have introduced revenue and sales strategies alongside SiteMinder’s distribution have experienced up to 17% growth in occupancy in the first few months. Its diverse rate plans, exclusive offers and flexible cancellation policies ensure there’s always something on offer for every market segment.

Revenue 52

Revenue Cancellation Hotels Sales 52

SiteMinder

OCTOBER 15, 2023

Dynamic pricing is a pricing strategy for hotels that involves changing room rates daily, or even within the day based on real-time market conditions. This pricing option is well suited in today’s market and is one many hoteliers opt to use. Table of contents What is the difference between static and dynamic rates for hotels?

Occupancy 59

Occupancy Revenue Hotels Revenue Management 59

SiteMinder

MAY 16, 2023

Table of contents Introduction from SiteMinder: The bleisure market and hotel booking trends Following the pandemic, the bleisure market changed from a growing niche to a mainstream source of bookings for accommodation providers. Note: The original version of this blog was published by Homelike. You can read it here.

Average Length of Stay 105

Average Length of Stay Occupancy Average Daily Rate Revenue 105

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. Last-minute hotel room bookings have a range of benefits including: Maximised occupancy : Filling rooms at the eleventh hour ensures that you’re making the most of your available inventory.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

Little Hotelier

OCTOBER 11, 2023

This is exciting for your business because it presents an opportunity to push the limits of your occupancy and cash-in on increased revenue. Strategies to prepare for peak season in the hotel industry When peak season is just around the corner, it’s exciting – you’re looking forward to welcoming guests and having full occupancy.

Maximum Length of Stay 52

Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 52

Hotelier Magazine

DECEMBER 14, 2023

experienced muted 2023 RevPAR growth relative to 2022 gains, most other global markets recorded extraordinary RevPAR growth, well above 10 per cent, primarily fuelled by strong ADR gains. After reaching a RevPAR peak in 2022, the market RevPAR is on pace to grow another 15 per cent in 2023, driven by strong growth in both occupancy and ADR.

Forecasting 52

Forecasting Cancellation Hotels Closing 52

Travelboom Marketing

MARCH 12, 2024

This company, along with others like VRBO , keeps hoteliers on their toes as they continue to compete for occupancy in both top destinations and less-traveled locations. Increase mid-week occupancy by offering a deep discount or convincing deal. It’s not easy – that’s why finding the right digital marketing company is so important.

Hotels 52

Hotels Cancellation Digital Marketing Accommodation 52

SiteMinder

SEPTEMBER 7, 2023

Reservation cancellation fees These are charged when guests cancel their bookings, especially if done at the last minute. Extra person fees For rooms exceeding the standard occupancy, an extra person fee is charged to cover the additional costs of amenities and services. Stay away!”.

Revenue 105

Revenue Hotels Services Cancellation 105

SiteMinder

FEBRUARY 25, 2024

Hospitality is forever changing, in response to new technologies, market trends, customer tastes and more. decrease in occupancy during December. Almost one in five hotel rooms booked online are cancelled prior to travel. Between 2022 and 2027 the luxury hotel market is set to grow by US$54.46 The average guest spends 4.5

Hospitality 52

Hospitality Cancellation OTA Tourism 52

Little Hotelier

NOVEMBER 6, 2023

They get to the heart of what a hotel business is, and are critical to understand if you are to succeed in a competitive market. Market demand Most hotels see a spike in demand on weekends when compared to weekdays. As a small, independent hotelier you may have heard the terms hotel revenue optimisation and hotel revenue management.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

Hotelogix

NOVEMBER 13, 2023

It would help you sell more rooms and boost your occupancy. Additionally, at low demand seasons, when your occupancy is low, you can charge less for your room to attract bookings. #2 This would give you an idea on how the occupancy might look on a given date. Ultimately, this leads to increased profitability.

Revenue 52

Revenue Occupancy Forecasting Minimum Length of Stay 52

Hotelogix

DECEMBER 25, 2023

It leads to rate and inventory parity, improved channel visibility, and enhanced market reach to attract a broader traveler base. The dynamic pricing feature allows you to sell at the best rates to increase sales, occupancy, and revenue based on your hotel's occupancy, guests' booking window, length of stay, etc.

Revenue 59

Revenue Sales Hotels Shopping 59

SiteMinder

OCTOBER 15, 2023

They can also be known as distribution channels and are crucial for ensuring your hotel maintains a healthy occupancy rate and revenue stream. Kayak – One of the players in the metasearch market. So it’s important to be aware of all the channels that help you boost occupancy.

Global Distribution System 59

Global Distribution System OTA Revenue Hotels 59

SiteMinder

MAY 25, 2023

The bottom line is that hotels can lose millions of dollars in revenue due to abandonment, especially when you also consider that guests may book a room before delaying payment, and then cancelling altogether. 5 tips from The Hotels Network 6.

Revenue 98

Revenue Cancellation Accommodation Hotels 98

TravelNet

AUGUST 3, 2023

While OTAs charge a specific percentage on bookings, the advantage of using their marketing muscle means more bookings and occupancy. of booking before taxes, host pays 3%, though the rate is higher for listings in Italy or hosts with Super Strict cancellation policies. Damage Deposit Airbnb: No damage fee for hosts!

OTA 98

OTA Management Occupancy Services 98

STAAH

MAY 30, 2023

4) Defining Target Audience: To make online distribution more efficient, it is essential to clearly define the target audience or market. 8) Online Travel Agents (OTAs): Working with multiple online travel agents (OTAs) is crucial for increasing digital distribution and overall occupancy.

OTA 82

OTA Hotels Revenue Travel 82

Inn Quest

APRIL 3, 2023

Utilizing cloud-based hotel management software can simplify room block management and provide real-time updates on room availability, bookings, and cancellations. Maximizing Revenue in a Competitive Market Implementing a dynamic pricing strategy can improve revenue management and help hotels maximize profits.

Operations 88

Operations Revenue Management Forecasting Revenue 88

Boutique Hotel News

OCTOBER 27, 2022

The focus of the event, Sailing through the storm, involved six short presentations providing a state-of-the-market snapshot of debt finance, equity investor sentiment, valuations, operations, brand, and the distribution landscape. Combined, this means the senior lending market isn’t as competitive as it once was.

Hospitality 52

Hospitality Real Estate Hotels Events 52

Amadeus Hospitality

JUNE 20, 2023

Originally published to PhocusWire Exploring today’s traveler expectations as catalysts for change and how the hospitality industry can adapt in the coming years to deliver more seamless journeys Data paints a positive picture for the year ahead in the global hospitality market.

Hospitality 52

Hospitality Travel Occupancy Revenue 52

Q4Launch

FEBRUARY 3, 2022

While these vacation planning stages may all sound drastically different on the surface, to a marketer, they all share one thing in common: They’re all part of the guest life cycle. Are you ready to take your hotel’s marketing to the next level? For example, overly strict cancellation policies can deter some potential guests.

Marketing Strategy 52

Marketing Strategy Upsell Occupancy Hotels 52

Travelboom Marketing

SEPTEMBER 1, 2023

Increase RevPAR & Occupancy with a Hotel Loyalty Program With a goal of maximizing both occupancy AND RevPar, driving direct bookings with the help of a hotel loyalty program is a must. Considering offering an early check-in, and / or free cancellation to guests that book direct.

Ancillary Revenue 52

Ancillary Revenue Upsell Hotels Travel 52

Hotelogix

OCTOBER 18, 2023

This leads to better utilization of room inventory and maximizes occupancy rates. This increases visibility, boosts bookings, and helps hotels tap into new markets. Helps You Make Data-Driven Decisions Reservation systems offer detailed reports and analytics on occupancy rates, revenue, and guest preferences.

Business 40

Business Global Distribution System Cancellation Hotels 40

SiteMinder

NOVEMBER 15, 2022

A property can choose what type of bid values it would like to use for hotel campaigns in Google Ads from the following list: Commissions (per stay) : A percentage of the room booking value is paid only for actualised stays (not for cancellations). This is additional, free content, ideally marketing your hotel to undecided lookers.

Cost Per Click 105

Cost Per Click Hotels Cancellation Management 105

eZee Absolute

JANUARY 9, 2023

Use social media marketing. Explore new markets. If hotels can rework or tweak the look and feel, and services, they can differentiate themselves and stand out in the market. Which is why it is imperative to offer flexible booking options, such as the ability to easily change or cancel reservations.

OTA 52

OTA Hotels Accommodation Travel 52

Clock Software Hospitality

DECEMBER 8, 2020

Read more: Upselling as a Way of Improving Guest Loyalty Casting a wide net is one way to ensure full occupancy but it is hardly a profitable marketing approach in the long run. Guest personas can bring down the cost of guest acquisition as they act as a model of what you are trying to gear your marketing strategy towards.

Cancellation 52

Cancellation Hotels Services Occupancy 52

SiteMinder

JANUARY 8, 2024

This can involve the management of anything related to the hotel industry and requires knowledge of distribution strategy, finance and accounts, customer service, staff management, marketing, catering management, hotel administration and more. It can take time to get everything right and as we can see there’s a lot to be aware of.

Operations 59

Operations Management OTA Hotels 59

eZee Absolute

OCTOBER 16, 2023

After thorough market research and trying a handful of hotel solutions, they came across eZee (now Yanolja Cloud) and wanted to give it a try. Increased Bookings and Revenue: eZee’s reservation management system eliminated the chaos of overbookings and cancellations, leading to increased bookings and improved revenue.

Resorts 52

Resorts Tourism Fair Share Operations 52

SiteMinder

JANUARY 8, 2024

This can involve the management of anything related to the hotel industry and requires knowledge of distribution strategy, finance and accounts, customer service, staff management, marketing, catering management, hotel administration and more. It can take time to get everything right and as we can see there’s a lot to be aware of.

Operations 52

Operations Management OTA Hotels 52

Social Tables

SEPTEMBER 22, 2017

Big data is a way to identify what these hotels do best and market those strengths more powerfully. Big data for hotels is a way to identify what these hotels do best and market those strengths more powerfully. Improving Occupancy Rates Using Big Data for Hotels. Time- and Location- Specific Marketing Campaigns.

Upsell 68

Upsell Cancellation Hotels Email Marketing 68

STAAH

NOVEMBER 8, 2022

One of the rising innovations taking off in hotel revenue management is the growing sophistication of overbooking controls, which provides hotels control over excess bookings and cancellations to fly as close as possible to 100 percent occupancy consistently.

Revenue Management 71

Revenue Management Revenue Management Forecasting 71