STAAH

MAY 30, 2023

By incentivizing forward bookings with flexible cancellation policies, hotels can secure revenue and manage visibility effectively with the help of a comprehensive tech stack, including a channel manager and property management system (PMS). Don’t clutter your homepage, keep it simple and modern.

OTA 83

OTA Hotels Revenue Travel 83

STAAH

NOVEMBER 15, 2022

In fact, OTAs such as Expedia have updated their algorithms to give preference to properties that have been called out by guests for their fantastic guest experience. In related trends, booking windows are much shorter and cancellation policies continue to be very flexible across the industry. Focus on customer experience.

Hospitality 85

Hospitality OTA Travel Upsell 85

SiteMinder

FEBRUARY 25, 2024

Almost one in five hotel rooms booked online are cancelled prior to travel. Google says “ …not now, not ever ” will it become an OTA (Online Travel Agent). This drives many travellers to the big name OTAs – 23% of Millennials choose OTAs based on ease-of-use over price, user-friendliness and security.

Hospitality 52

Hospitality Cancellation OTA Tourism 52

Little Hotelier

AUGUST 7, 2023

Travelocity is an online travel agency (OTA) that has been serving travellers since 1996. Travelocity is similar to other OTAs like Expedia , Kayak, and TripAdvisor. Some customers have reported issues with customer service and cancellations. What is Travelocity? The price match guarantee is more extended for hotels.

OTA 52

OTA Hotels Services Revenue 52

Little Hotelier

NOVEMBER 6, 2023

What is hotel revenue optimisation? As a small, independent hotelier you may have heard the terms hotel revenue optimisation and hotel revenue management. So what is revenue optimisation? What data should hotels prioritise in revenue optimisation analytics?

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

Clock Software Hospitality

NOVEMBER 3, 2020

Here are some of the ways in which hotel PMS solutions can aid a hotel in improving daily operations: Increase RevPAR via Direct Bookings Online travel agencies (OTAs) allow hoteliers unlimited access to a large pool of potential guests, charging a commission for every booking made through them.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

Hotelogix

DECEMBER 25, 2023

  More online room sales A cloud-based PMS can easily integrate with other third-party hospitality solutions like a hotel channel manager. The integration allows real-time rates and inventory updates across multiple online sales channels, including OTAs and metasearch engines.

Revenue 59

Revenue Sales Hotels Shopping 59

SiteMinder

JANUARY 8, 2024

Types of hotel management If we zoom in on accommodation management, it too can be divided into a few different categories, which reflect the broad range of tasks and challenges that hotel management presents. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR).

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

Types of hotel management If we zoom in on accommodation management, it too can be divided into a few different categories, which reflect the broad range of tasks and challenges that hotel management presents. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR).

Operations 52

Operations Management OTA Hotels 52

SiteMinder

SEPTEMBER 7, 2023

Reservation cancellation fees These are charged when guests cancel their bookings, especially if done at the last minute. They help mitigate the revenue loss from unsold rooms and encourage responsible booking behaviour.

Revenue 105

Revenue Hotels Services Cancellation 105

eZee Absolute

JANUARY 9, 2023

Leverage the power of OTAs. You can also turn to revenue management experts to create pricing strategies that bring in better profit. Which is why it is imperative to offer flexible booking options, such as the ability to easily change or cancel reservations. Leverage the power of OTAs. Use social media marketing.

OTA 52

OTA Hotels Accommodation Travel 52

gcommerce

APRIL 12, 2023

One that could be driving a substantial amount of direct revenue for your hotel. One that the OTAs have been using to STEAL MARKET SHARE the past 10+ years. The less competitive your price is compared to OTAs, the more it will cost you for the same placements. The other piece is price competitiveness.

OTA 52

OTA Hotels Digital Marketing Revenue 52

Cloudbeds

FEBRUARY 28, 2024

The reservation system acts as the central hub of the reservation ecosystem, which may also include a website booking engine, channel manager, and revenue management system. When integrated, these modules work together to help hotels manage room availability, distribution, reservations, and revenue.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

SiteMinder

NOVEMBER 30, 2023

67% of families say that they now check cancellation policies when making travel arrangements and 47% say they now buy travel insurance. This can be extremely beneficial in knowing what approach the hotel takes to sales, marketing, revenue management, and guest experience. But what do the statistics say about family travel?

Travel 52

Travel Accommodation Tourism Hotels 52

STAAH

MAY 16, 2023

Hotel room pricing is a critical element of revenue management for hotels. Hotel managers and revenue managers use data analysis and revenue management tools to determine the optimal price for each room based on various factors such as occupancy rates, booking trends, and competitor rates.

Revenue Management 86

Revenue Management Upsell Occupancy Rack Rate 86

TravelNet

JUNE 26, 2023

Take time to reexamine your cancellation policy, rates, and fees. Double down on marketing efforts Property management companies who thrive in a down-turn market tend to double down on marketing. Revenue management Implementing revenue management strategies is essential for maximizing revenue.

Revenue Management 52

Revenue Management Revenue Occupancy OTA 52

Cloudbeds

APRIL 2, 2024

Using data from various systems, including your PMS, revenue management system (RMS) , and customer relationship management (CRM) system, hotels can strategically leverage data to implement dynamic pricing strategies and personalized, segmented, and tailored campaigns via their CRS. The property management system.

Revenue Management 52

Revenue Management Occupancy Revenue Hotels 52

Xotels

AUGUST 9, 2021

Google is taking the hotel industry by storm to gain market share and grow their advertising revenues. We will take a look at how Google is penetrating the hotel distribution vertical with Google Hotel Ads, and what opportunities this gives in terms of hotel revenue management and marketing. From Hotel Finder to GHA.

Hotels 52

Hotels Market Share OTA Cancellation 52

SiteMinder

NOVEMBER 15, 2022

Some hoteliers love using this strategy to boost their revenue and protect their property from losing out due to last-minute cancellations. Many hotels do this deliberately to offset last-minute cancellations or no-shows and avoid losing revenue and occupancy. To avoid losing revenue.

Overbooking 52

Overbooking Cancellation Occupancy Closing 52

Cloudbeds

MARCH 20, 2023

It is a fundamental process of revenue management, but also brings benefits to marketing, operations, and the guest experience. When lodging operators divide guests into segments, they can be more targeted in promotions, communications, and guest services to increase revenue, guest loyalty, and guest satisfaction.

Hotel Marketing 52

Hotel Marketing Market Marketing Average Daily Rate 52

SiteMinder

NOVEMBER 24, 2023

SiteMinder definitely is my favourite channel manager as it’s easy to use, integrates with all the major OTAs and has very good customer service. Great integration and channel management” – Revenue manager of a business hotel in South Africa Pros: The ability to distribute inventory to all channels with a click of a button.

Revenue 52

Revenue Revenue Management General Manager Management 52

Inn Quest

MAY 11, 2023

Best Hotel Pricing Strategies in 2023 Dynamic Pricing: Dynamic pricing is a revenue management strategy that allows hotels to adjust their room prices in response to fluctuations in market demand. This strategy works especially well for lodging facilities that encounter seasonal fluctuations in demand or a high rate of cancellations.

Revenue 88

Revenue Occupancy Hotels Market 88

Cloudbeds

JUNE 8, 2023

Integrate with your PMS and channel manager. Reservations made on your website should automatically sync with your hotel property management system and across all your OTA channels so you don’t get overbookings. Also, you’ll be able to find smaller, more niche OTAs that will attract your ideal guest and charge lower commissions.

Management 98

Management Hotels Revenue Digital Marketing 98

Hotelogix

OCTOBER 19, 2023

It also aids in managing reservation cancellations and modifications, accepting reservations, sending confirmation emails, extending self-service facilities to guests, processing payments, etc. The primary objective is to help hotels sell more at the best rates to the right guest to boost occupancy and revenue.

Hotels 52

Hotels Revenue OTA Management 52

Cloudbeds

JULY 15, 2023

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.

Management 76

Management OTA Cancellation Overbooking 76

Little Hotelier

FEBRUARY 5, 2024

Features Channel management Little Hotelier’s channel manager lets you do away with endless OTA dashboards, bringing all your booking channels together in a single, simple portal. Headquartered in Greece, its revenue management and optimisation tool offers online reputation tracking and management.

Management 59

Management OTA Hotels Accommodation 59

Hotelogix

OCTOBER 18, 2023

Reduce error and save time: It speeds up everything - from accepting reservations over the phone, sending confirmation emails, upgrading rooms, canceling/modifying reservations, assigning rooms, marking housekeeping tasks, checking in, bill creation, checking out, and even sending out feedback forms to guests.

Management 52

Management Hotels Revenue Occupancy 52

Little Hotelier

MAY 11, 2023

Revenue management The software often includes revenue management tools, providing insights and recommendations on pricing strategies, which can help maximise revenue by adjusting room rates based on demand, seasonality, and local events. Easy listing management. One last thing. Wow your guests.

Management 59

Management Revenue Revenue Management OTA 59

Hotel Business

SEPTEMBER 14, 2023

Wyndham also debuted its new OTA reconciliation tool. Aimed at correcting the OTA overbilling that can occur when a guest no-shows, cancels or shortens their reservation, the tool automatically reconciles each hotel’s stay data with the commissions previously charged at the time of booking.

Average Length of Stay 64

Average Length of Stay OTA Revenue Services 64

eZee Absolute

NOVEMBER 19, 2023

For instance, business decisions to spend for promotions on OTAs, interiors, room rates, and room types aren’t decided on the basis of actual statistical reports. Using the complete data analysis tool, you can even apply proper revenue management strategies to earn higher revenue.

Hotels 98

Hotels Hiring Services Market 98