Hotelogix

JUNE 28, 2024

The Hotel cancellation policy allows guests to cancel reservations up to a specified time before check-in. After this period is crossed, hotels may apply a cancellation fee, a percentage of the booking amount, or the entire booking cost.   Why Should Hotels Have Clear Cancellation Policies?  

Cancellation 52

Cancellation Revenue Hotels Accommodation 52

Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Why is Revenue Management Imperative for Resorts?

Revenue Management 52

Revenue Management Revenue Resorts Management 52

STAAH

NOVEMBER 28, 2023

Effectively plan and reach your business goals for 2024 with these smart revenue management and distribution tips. 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.

Revenue 105

Revenue Revenue Management Cancellation Hotels 105

SiteMinder

MAY 14, 2025

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.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Hotel News Resource

OCTOBER 30, 2024

Revenue management has become increasingly complex, involving a web of segments, room types, distribution channels, discounting strategies, promotions, and cancellation policies.

Revenue 74

Revenue Cancellation Revenue Management Marketing 74

STAAH

FEBRUARY 6, 2024

The hotel overbooking strategy is a revenue management technique that hotels use to maximise occupancy and revenue. By deploying this strategy a hotel is insuring itself against possible cancellations by having secured guests who can fill cancelled bookings. What is a hotel overbooking strategy?

Overbooking 105

Overbooking Cancellation Upsell Revenue 105

Hotel Speak

JUNE 4, 2024

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. I have been in hotel revenue management consulting since 2006, and it is a question that keeps coming back. What drives more value to the business, ADR, average daily rate, or occupancy?

Revenue Management 60

Revenue Management Occupancy Revenue Average Daily Rate 60

eZee Absolute

MAY 13, 2024

Well, the answer lies in how well you’re using your Hotel Revenue Management System (RMS) reports. But with so many reports available, how do you find the ones essential for maximizing your hotel’s revenue? And you wonder what you must be doing wrong, right? RMS reports are like secret weapons for hoteliers.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Xotels

MAY 30, 2024

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. I have been in hotel revenue management consulting since 2006, and it is a question that keeps coming back. What drives more value to the business, ADR, average daily rate, or occupancy?

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

Hotel Speak

DECEMBER 11, 2023

Effectively plan and reach your business goals for 2024 with these smart revenue management and distribution tips. 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.

Revenue 77

Revenue Revenue Management Cancellation Hotels 77

Xotels

APRIL 3, 2024

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.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

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 98

Revenue Management Occupancy Upsell Revenue 98

STAAH

DECEMBER 12, 2023

During peak holiday periods, consider adopting a revenue management system that factors in various parameters such as historical booking data, competitor pricing, local events, and even weather forecasts. Dynamic Pricing Model Implementing a dynamic pricing model allows hotels to adjust rates based on demand fluctuations.

Target Marketing 103

Target Marketing Cancellation Forecasting Revenue 103

Inn Quest

APRIL 3, 2023

For instance, online booking systems, channel managers, and revenue management software can help you manage reservations, room rates, and availability across different channels. This includes implementing mobile check-in and keyless entry , using guest messaging platforms, and providing digital guest directories.

Operations 88

Operations Revenue Management Revenue Forecasting 88

SiteMinder

JUNE 12, 2024

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.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Hotel Speak

MAY 14, 2025

Each system contributes unique insights that inform decisions across departments: Key Data Sources: Property Management Systems (PMS) occupancy rates, check-in/check-out patterns, room types booked. Revenue Management Systems (RMS) historical pricing data, demand curves, forecasted occupancy. families, business travelers)?

Management 50

Management Forecasting Occupancy Services 50

Inn Quest

OCTOBER 17, 2023

They are a result of a delicate balance between maximizing revenue and providing guest satisfaction. While overbooking can lead to guest inconvenience and potential financial losses for the hotel, it is a revenue management strategy used to achieve high occupancy rates. Channel managers function by linking to a hotel PMS.

Overbooking 88

Overbooking Cancellation Forecasting Occupancy 88

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. Guestcentric.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

STAAH

AUGUST 11, 2024

But what was more impressive was the platform’s smart revenue management features. Sayaji opted for the STAAH channel manager and booking engine with the add-on RateSTalk feature that allows the group to monitor the rates for up to five competitors for its properties, ensuring it retains its competitive edge.

Occupancy 109

Occupancy Revenue Cancellation Services 109

Hotelogix

NOVEMBER 13, 2023

However, in cases of last-minute cancellations, your profit is badly impacted. To combat this, hotel revenue managers devise an overbooking strategy that aims at profit maximization What is overbooking in a hotel ?   Cumulative data can be used to predict the approx number of overbookings for maximum revenue.

Overbooking 59

Overbooking Cancellation Revenue Occupancy 59

SiteMinder

MAY 26, 2025

Examples include: Hotel refund laws While some states have mandatory refund rules for specific situations, your stated cancellation policy will generally take precedence. Hotel laws and regulations to stay compliant on What sort of laws do hotel businesses need to be aware of? Itll save you hours of work and make your life so much easier.

Hotels 52

Hotels Services Business Cancellation 52

MEWS

DECEMBER 16, 2024

Around 20% of all hotel reservations are canceled. One in every five bookings. Its an incredibly high number and one that every hotelier should be taking action to mitigate.

Cancellation 52

Cancellation Hotels Revenue Management Revenue 52

Hospitality Tech

JUNE 5, 2025

RaccoonRev Plus is engineered to bridge the gap between basic rule-based pricing and the full complexity of traditional Revenue Management Systems (RMS). Looking beyond revenue, van Dyl sees this as the first step in RoomRaccoons broader AI journey. “Revenue management is just the beginning.

Consumer 52

Consumer Retail Travel Branding 52

SiteMinder

NOVEMBER 6, 2023

Split fee: Usually 3% of every booking, though the fee may be slightly higher for hosts with listings in certain areas of Italy, for Airbnb Plus hosts, or for those who opt for a ‘super strict’ cancellation policy. Cleaning fees are always refunded for cancelled stays, while service fees are only refunded during the free cancellation period.

Cancellation 59

Cancellation Services Hotels Accommodation 59

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

Cloudbeds

MAY 8, 2024

Here’s the advice from RoomPriceGenie’s revenue management expert, Iara do Carmo : Invest some time to properly configure your PMS or the reports you have so you can get a breakdown of your mix of clients. Another idea to counteract lost revenue due to last-minute cancellations is non-refundable rates.

Cancellation 52

Cancellation Revenue Revenue Management Occupancy 52

STAAH

NOVEMBER 15, 2022

From the accurate representation of preferred OTAs via a channel manager to an easy-to-use and secure website booking engine data collection, revenue management and online review management , anything that gets you a step closer to making the guest experience better , is a must-have for modern hoteliers.

Hospitality 98

Hospitality OTA Travel Cancellation 98

Hospitality Tech

JUNE 5, 2025

55% abandon purchases, 50% switch brands, and 39% cancel subscriptions when confronted with digital issues. RaccoonRev Plus is engineered to bridge the gap between basic rule-based pricing and the full complexity of traditional Revenue Management Systems (RMS). “Revenue management is just the beginning.

Travel 52

Travel Consumer Retail Branding 52

SiteMinder

JUNE 11, 2024

“SiteMinder’s channel manager has streamlined our bookings and inventory management,” mentioned Alexandra. It’s especially improved efficiency, since it allows us to manage four properties at once by eliminating manual updates.” “On

Global Distribution System 98

Global Distribution System Revenue Hotels Cancellation 98

Hospitality Tech

JUNE 5, 2025

55% abandon purchases, 50% switch brands, and 39% cancel subscriptions when confronted with digital issues. RaccoonRev Plus is engineered to bridge the gap between basic rule-based pricing and the full complexity of traditional Revenue Management Systems (RMS). “Revenue management is just the beginning.

Consumer 52

Consumer Retail Travel Branding 52

SiteMinder

JUNE 24, 2024

Some hotels do, some hotels don’t – it all depends on your revenue strategy and preferred risk. Cancellation fee If a guest cancels a booking, Booking.com might charge a cancellation fee to that guest. This fee policy helps protect your revenue and ensures that cancellations do not significantly impact your income.

Cancellation 52

Cancellation Overbooking Revenue OTA 52

SiteMinder

DECEMBER 1, 2024

Managing complex room invoicing scenarios Choose an invoicing tool that can handle situations like group stays, extended stays, cancellations, split payments and bundled services like packages or events. Streamlining hotel invoicing with technology The best invoicing tools aren’t standalone solutions.

Hotels 52

Hotels Revenue Accommodation Management 52

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 98

OTA Hotels Revenue Travel 98

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

Hotelogix

JULY 18, 2024

It is an essential practice for hoteliers and revenue managers to optimize pricing, maximize occupancy, and enhance overall profitability. Revenue managers utilize historical hotel performance data, current industry trends, and future demand to make informed projections to maximize revenue.

Forecasting 52

Forecasting Average Daily Rate Occupancy Revenue Management 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.

Market Share 52

Market Share Hotels Cancellation OTA 52

Little Hotelier

MARCH 25, 2024

Cancellation data: How types of guests and times of year affect cancellation and no-show rates. bad weather, surprise events or event cancellations). Three of the most common hotel forecasting methods include: Revenue management forecasting: Used to predict future demand.

Forecasting 52

Forecasting Cancellation Average Length of Stay Revenue 52