Remove Closing Remove Revenue Management Remove Yield Management
article thumbnail

Hotel terminology: A complete guide for hotel owners

SiteMinder

This standardized language streamlines daily operations, from front desk check-ins to revenue management, ensuring clear communication across all hotel departments and with industry partners. CTA (Closed to arrival) A yield restriction preventing check-ins on a specific date to protect high-demand periods.

article thumbnail

Hotel Budget Plan: Are you Ready for 2026? (Template & Example)

Xotels

Read through our step-by-step guide explaining how to get ready for 2026 with our revenue management consulting best hotel budgeting practices. Marketing Sales HR Front of House Front Office Manager Rooms Director / Head of Operations Other departments: Spa, F&B, outlet managers, Golf, Housekeeping etc.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How AI Can Help Hotels Leapfrog the Tech Gap

Hospitality Tech

For over a decade, revenue management systems, such as IDeaS and Duetto, have applied Machine Learning, a form of AI, to analyze booking patterns, competitor pricing, and demand curves to recommend real-time rate adjustments. What was once limited to yield management is now being applied across sales, marketing, and guest experience.

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. A similar principle can apply to distribution.

article thumbnail

Intellisoftware Join Forces with the Australian Revenue Management Association (ARMA) in Major Strategic Partnership 

Hotel Management

Intellisoftware will also gain a seat on ARMA’s Skills Council to provide input for ARMA’s nationally recognised and accredited VET qualification in revenue and yield management launching this year. Melissa Kalan ARMA CEO, sharing her insights on the partnership stated, “This collaboration marks a significant milestone for us.

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

8 Revenue Management Trends that Define 2024 & Beyond

Xotels

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”