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Mixed-use and dual-branded hotel developments are transforming the hospitality landscape across the region, driven by evolving consumer demands, urban density, and the search for operational efficiency. The post Exclusive: RHG taps into strong investor and consumer appetite for mixed-use developments appeared first on Hotel Management.
The APAC Revenue Management Summit returned to Melbourne this week under the fitting theme: Simply the Best. The retail mindset was reinforced by Nicole Venter, Stakeholder Engagement Manager at Service and Creative Skills Australia (SaCSA), who presented powerful insights into evolving consumer expectations and major retail category trends.
While consumers’ interest in grab-and-go items rose with the COVID-19 pandemic, the trend has been in place for at least a decade as part of a shift toward less-structured eating behaviors. The popularity […] The post Taking Stock: 6 Considerations for Grab-and-Go Inventories That Boost Revenue appeared first on LODGING Magazine.
Skift Take: Yatra’s acquisition of a corporate travel company highlights its shift towards the more profitable business travel market, especially as competition heats up in the consumer travel space. With consumerrevenue dropping, Yatra is doubling down on corporate clients. Peden Doma Bhutia Read the Complete Story On Skift
With the advancement of tech, data analytics, and changing consumer behavior, you may not need to lean on aggressive discounts to drive performance. Use revenue tech to your advantage Revenue management systems (RMSs) have evolved to provide smarter segmentation and demand forecasting to tighten levels of granularity.
Skift Take: Paradoxically, as flying becomes more economically accessible for consumers, airlines find themselves with less financial breathing room. Rafat Ali Read the Complete Story On Skift
Skift Take: After grappling with setbacks in the consumer segment, Yatra is doubling down on its core strength — corporate travel. Peden Doma Bhutia Read the Complete Story On Skift
Overbookings were a concern, and ensuring rate parity across channels consumed valuable time. The highlight of results has been a 20% jump in OTA revenue thanks to improved pricing accuracy and inventory sync. The setup process for STAAH channel manager was smooth and the support team made onboarding straightforward and hassle-free.
Skift Take: First class seats will soon be available on Frontier flights as the carrier looks to boost its revenues amid high consumer demand for premium products. Meghna Maharishi Read the Complete Story On Skift
These MVP brands are growing their share of consumer spending through quality, trust, and serviceânot just price cuts. consumers exhibit value-seeking behavior, cutting costs and hunting for deals across sectors from travel to grocery. Key takeaways Value-seeking is now mainstream : 4 in 10 U.S. billion annually per grocery chain.
Advanced Strategies to Maximize Revenue a. Dynamic Pricing: Real-Time Revenue Optimization c. With consumer behaviours evolving, and the lines between tech platforms, marketing, and operations blurring, a modern strategy goes far beyond just listing rooms on online travel agents (OTAs). The New Age of Hotel Distribution 2.
As a result of poor data collection, manual distribution management and lack of integrations, revenue optimisation was poor. Its ability to offer seamless integrations across the propertys existing technology platforms, including the PMS, would become crucial in helping streamlining operations and maximizing revenue.
But while these platforms drive bookings, they can also cause unintended revenue loss — not because the platforms are flawed, but because of avoidable mistakes in how hotels manage them. This allows you to continue offering strategic B2B partnerships — without risking price leakage into consumer-facing platforms. The good news?
Skift Take: While consumer spending was key for Royal Caribbean's first quarter, demand across the board has led the company to its highest-ever revenue in the second quarter. Jess Wade Read the Complete Story On Skift
Poor connectivity led to distribution issues, while time-consuming manual processes made inventory updates both difficult and prone to errors. Significant growth : Casa Salles recorded a 62% increase in revenue compared to 2023. Bookings also grew by 46%, with direct bookings leading the way.
PHILADELPHIA – Real estate and hospitality management company HHM Hotels announced Echelon Luxury & Lifestyle, a new business division formed to support independent owners and investors in driving maximum revenue, value, and optimal profitability for independent and independent-inspired brands.
The risk of human error was greatly decreased by this degree of automation, which also enabled the hotel to react swiftly to consumer demand. It gives me more time to focus on pricing strategies and revenue optimization. If we compare the revenue from 2024, the REV growth is over 180%, says Chao.
Revenue Analytics has launched the N2Pricing Commercial Suite, an expansion of its RMS designed to improve how hotels track performance, gain insights and enable strategic planning. ” The post Revenue Analytics launches N2Pricing Commercial Suite appeared first on hotelbusiness.com.
As a result of poor data collection, manual distribution management and lack of integrations, revenue optimisation was poor. Its ability to offer seamless integrations across the propertys existing technology platforms, including the PMS, would become crucial in helping streamlining operations and maximizing revenue.
The eBook is a must-read for hoteliers looking to redefine their guest acquisition and revenue management strategy as guest demands and travel behaviours rapidly evolve. STAAH, a leading global hospitality distribution and guest acquisition technology provider, has launched a new eBook for hoteliers Hotel Online Distribution 2.0.
Manual rate updates time consuming and error-ridden Before STAAH , Grand Sunshine Resort had significant day-to-day challenges in managing room rates, availability and guest reviews. Not only was this time-consuming, but it also increased the risk of errors and inconsistencies across booking platforms.
If there’s a sudden change, for example, an influx of last-minute bookings hits the system, the platform can enable revenue managers to adjust room rates dynamically to maximize revenue. Why it’s important for hotels? Why it’s important for hotels?
Companies worldwide adapt to new social media trends to bring new momentum to their marketing strategies and breathe life into engagement with their consumers. Emphasize Easy-to-Consume Content. Making a strong statement in 2021, easy-to-consume content is trending again in 2022. Specifically, podcasts and email newsletters.
Just as it’s important to always look for ways to enhance the guest stay experience, hoteliers must constantly seek opportunities to boost revenue. By capitalizing on consumer demand and […] Source
With two consecutive long weekends plus school holidays, Queensland has a prime opportunity to recover some of the estimated $300 million in lost revenue caused by recent weather events. With growing consumer confidence, we have strong optimism for hotel performance throughout the remainder of 2025, Williams said.
Gone are the days of dealing with multiple systems for reservations, revenue management, and guest engagement. Spreadsheets for revenue tracking. This fragmented approach results in siloed data, time-consuming manual tasks, and an increased risk of errors. Identify upselling opportunities to boost revenue.
These rooms are then resold to various travel distributors, such as OTAs, tour operators, and travel agents, who then offer them to end consumers. This blog will tell you everything you need to know about bed banks, including how you can get connected to them and grow your hotel’s revenue.
On the consumer side, Wong is eager to drive brand awareness in these markets and increase direct bookings through SLH. Such developments have fuelled growth for SLH, resulting in a 9% increase in revenue across all channels compared to 2023, marking its most successful year in history.
“We certainly felt the impact, especially going into March,” says Christopher Ellison, Vice President of Revenue at Brittain Resorts and Hotels, a full-service hospitality management company based in the Southeast region. Much of this is being buoyed by a continuation of consumer prioritisation of travel.”
Let's explore how you can leverage online reviews to boost your hotel's revenue in 2025. Data-Driven Hospitality Big data and AI are our new revenue managers, optimizing operations better than a seasoned GM. We're talking hotel operations as clean as our freshly laundered linens!
Without one, hotels risk operational inefficiencies, lost revenue, and unhappy guests. Time-Consuming Manual Updates Manually updating availability and pricing across multiple OTAs every time theres a booking or rate change can be incredibly time-consuming and prone to human error.
Whether you run a cozy guesthouse, a charming boutique hotel, or a unique B&B, you’ll discover how to set rates that fill rooms without leaving money on the table, reach more of your ideal guests without breaking the bank, and streamline those time-consuming daily tasks.
Social media has transformed how we communicate, consume content, and conduct business. Brands have adapted by embracing influencer collaborations , user-generated content , and live-streaming events to foster deeper connections with consumers. Meanwhile, paid social advertising has become a significant revenue driver.
There are many benefits of a tablet placed bedside in hotel rooms, including driving non-room revenue through guests’ retail purchases If you haven’t made a digital retail store readily available to your hotel’s guests, you’re quite literally leaving money on the table. Curious how to increase revenue in hotels using smart-room tablets?
STAAH, a leading technology company helping hoteliers unlock their full revenue potential, has unveiled its list of distribution channels that brought the highest booking revenue to hotels in key tourism destinations across Southeast Asia, including Malaysia, Vietnam, Singapore, Indonesia, Thailand and Philippines, over the past year.
That was time-consuming for the team and opened the door to issues such as unintentional overbooking or lost revenue due to delayed rate updates. A 25% jump in online revenue Setting up the Sahid Hotels’ properties on STAAH was easy and well-supported by STAAH’s customer care team. STAAH fixed these issues.
According to PwC, 70% of consumers now expect companies to offer self-service options, and the travel and hospitality sector ranks among the top industries adopting AI to meet this demand. With tools like AskFlow , hotels can automate revenue-generating conversations: Cart recovery : Reach travelers who started a booking but didn’t finish.
from the previous forecast, but projections for average daily rate (ADR) and revenue per available room (RevPAR) were lifted 1.5% While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year. The occupancy projection for this year was lowered 0.2% and 1.3%, respectively.
Through an online ordering system on the hotel’s website, consumers can choose from six cakes on offer, with the option to personalise, and select a date and time to pick up from the hotel.
The study found a strong link between personalization and overall satisfaction, validating earlier research that showed 61% of consumers are willing to spend more with companies if they offer a customized experience. The post Medallia: 61% of consumers willing to spend more for personalized experiences appeared first on hotelbusiness.com.
Hotel meetings and events are a great way to boost revenue at your property and attract a constant stream of professionals and business travellers. This means you’re receiving revenue from two sources often for a minimum of effort, depending on what the event planner needs from you. How to increase revenue from hotel meetings 1.
According to a BrightLocal survey, 87% of consumers read online reviews before making a booking decision. A study by Epsilon found that 80% of consumers are more likely to book with brands that offer personalized experiences. This leads to irrelevant marketing campaigns and missed revenue opportunities.
Nearly 20% of guests checked in online, and one in five hotels diversified revenue by monetizing spaces beyond hotel rooms. While parking spots and meeting rooms have played a huge role in this, 2024 will be the year that more hoteliers revolutionize revenue management. For the U.S.
As a result revenue was missed and the guest experience in bookings was below par. Real-time two-way sync with connected channels and systems meant no more discrepancies, overbookings, or time-consuming manual mapping. This helps the revenue team implement dynamic pricing strategies based on demand trends and market movements.
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