Catala Consulting

JANUARY 18, 2024

In the dynamic world of hospitality, the UK market stands out as a beacon of innovation and adaptation, particularly in the realm of hotel revenue management. This article explores the top trends in hotel revenue management, yield management, and revenue management in the UK, offering insights and strategies for hotel professionals.

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Revenue Management Revenue Management Market 52

SiteMinder

MAY 21, 2023

Although the target market has since changed, what remains constant is the hotel’s standards and work ethic. Recognising the need for technology, the team turned to SiteMinder’s channel manager as the solution to expand sales channels effortlessly. Previously, the resort handled all tasks manually, which was time-consuming.

Resorts 98

Resorts Overbooking Yield Management OTA 98

SiteMinder

APRIL 25, 2024

Particularly in recent years, when hotels have at times been forced to confront a reality without cash flow, revenue management has been thrust to the forefront of every hotelier’s mind. The exact genesis of yield management (now revenue management) in the hospitality sector is hotly debated,” says Stuart-Hill.

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Revenue Management Revenue Management Hotels 111

SiteMinder

OCTOBER 10, 2023

This includes fixed costs like rent or mortgage, salaries, and utilities, as well as variable costs like supplies, maintenance, and marketing. Let’s delve into some of the pivotal considerations: Market trends Understanding market trends is crucial for setting prices that are both competitive and profitable.

Target Marketing 59

Target Marketing Revenue Yield Management Market 59

Xotels

APRIL 3, 2024

Article Summary What is Revenue Management? In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. This is done by thoroughly understanding your property, its customers, and the market. Mapping out these questions out in your strategy will help to set realistic goals.

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Revenue Management Revenue Management Ancillary Revenue 76

Xotels

APRIL 3, 2024

History of Revenue Management: Where It All Started Yield Management vs. Revenue Management – What is the Difference? Why is Revenue Management Important to Hotels & Other Industries? What Makes Hotels Suitable to Apply Revenue Management? What Does the Process of Revenue Management Look Like?

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Revenue Management Revenue Management Forecasting 52

SiteMinder

JULY 10, 2024

Ranging from 15 minutes to more than 60 minutes, hospitality podcasts can be hosted and consumed in a number of ways. And they serve a real purpose too, with 74% of listeners saying they consume podcasts to learn something new. Hospitality Digital Marketing If you want a weekly dose, this is the podcast for you.

Hospitality 52

Hospitality Hotels Digital Marketing Revenue 52

Cloudbeds

FEBRUARY 28, 2024

If the components aren’t integrated, the revenue manager must perform these tasks manually, a time-consuming and error-prone process. With its recent merger with Pegasus, Cendyn now offers a flexible, scalable reservation system with intelligent rate and inventory management tools.

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Revenue Management Hotels Revenue Operations 98

SiteMinder

JUNE 5, 2025

For hotel owners and operators, particularly those managing a growing portfolio, the construction process also includes mapping out how the new property will meet market demand, deliver a memorable guest experience, and fit into broader business objectives. And when things go wrong, the fallout can be expensive and time-consuming.

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Construction Management Hotels Operations 52

eZee Absolute

OCTOBER 11, 2023

Foremost among these challenges was the absence of an integrated booking system and hotel management system. This not only made day-to-day operations more complex and time-consuming but also limited the resort’s ability to scale its business effectively.

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Resorts Management Sales Yield Management 52

Inn Quest

JUNE 8, 2023

To learn about the benefits of yield management in the hotel industry, read this. Here’s how it works: AI-Driven Revenue Management: AI algorithms analyze vast amounts of historical data, market trends and customer behaviour to identify patterns and make accurate revenue predictions.

Hospitality 54

Hospitality Services Upsell Operations 54

Xotels

DECEMBER 12, 2024

Use Technology Wisely: Implement tools such as channel managers and GDS platforms to streamline operations and improve efficiency. Monitor and Adapt: Regularly analyze the performance of each distribution channel using KPIs and adjust strategies based on market trends. Bridging the gap between hotel marketing and distribution.

OTA 40

OTA Global Distribution System Revenue Revenue Management 40

Cloudbeds

JULY 15, 2023

And even then, manually-managed distribution is risky: any delays in updating rates and availability on a channel’s extranet could mean selling a room that isn’t available or selling at a lower rate, which can lead to overbooking and sub-optimal yield management.

Management 76

Management OTA Cancellation Overbooking 76

Xotels

MAY 30, 2024

It allows hotels to compare their performance against the market or a competitive set. Also from a consumer’s perspective, the price value equation might not be ideal any more, leading to a lowering of the guest review score online, which could lead to long-term erosion of results. Basically, any cost related to selling rooms.

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Revenue Management Occupancy Revenue Average Daily Rate 49

Xotels

APRIL 3, 2024

Article Summary What is Revenue Management? In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. This is done by thoroughly understanding your property, its customers, and the market. Mapping out these questions out in your strategy will help to set realistic goals.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

SiteMinder

NOVEMBER 24, 2023

” – Vacation rental and villa administrator in Spain “ SiteMinder is the best Channel Manager. Easy to use, amazing support, and one of the best options available in the market, having been using this platform for the last 15+ years. The sales team and support team are professional and helpful. Brilliant job!”

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Revenue Revenue Management Management General Manager 52

SiteMinder

MAY 14, 2023

Table of contents Managing room rates and online bookings swiftly with SiteMinder’s channel manager 90% of Kirimaya’s customers are Thai, thanks to Khao Yai’s popularity as a tourist destination. Thus, Kirimaya’s brand selects customer-friendly technologies, such as SiteMinder, for its domestic market.

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Sales Revenue Yield Management Occupancy 97