SiteMinder

OCTOBER 10, 2023

Cost-based pricing is a pricing method where the selling price of a product or service is determined by adding a markup to the unit cost or, in the case of hotels, the cost of keeping a room available and maintained for use. Are they offering lower rates, packages, or value-added services that could sway potential guests?

Target Marketing 59

Target Marketing Revenue Yield Management Market 59

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. When travelers book on your website, you can upsell them to premium rooms and cross-sell onsite services and add-ons like breakfast, dining, spa, and recreation. Generate more revenue.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

Xotels

APRIL 3, 2024

Guest & Market Segmentation Hotel market segmentation is an important component of effective revenue management, allowing hotels to target diverse consumer groups based on their behaviours and budget levels. Mix of business and leisure amenities and services (see how to target the bleisure market ).

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Inn Quest

JUNE 8, 2023

Gone are those days when a friendly concierge staff was the peak of personalized service. Rather than replacing human interaction, AI enables professionals to provide better service while making time for establishing connections. To learn about the benefits of yield management in the hotel industry, read this.

Hospitality 54

Hospitality Services Upsell Operations 54

eZee Absolute

OCTOBER 11, 2023

Nestled in the breathtaking mountains of Uttarakhand, Sidus Galaxy Resort & Spa stands as a picturesque retreat, offering guests an exquisite blend of luxurious accommodations, personalized services, and unique experiences, all framed by the awe-inspiring backdrop of the Himalayan snowclad peaks.

Resorts 52

Resorts Management Sales Yield Management 52

Xotels

APRIL 3, 2024

Start increasing your revenue today by reading our all-in-one ultimate guide on what is revenue management from our expert perspective as a hotel revenue management consulting company. Article Summary: What is the Definition of Revenue Management? Why is Revenue Management Important to Hotels & Other Industries?

Revenue Management 52

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. These include: hotel technology trends, hotel PMSs, cloud technology, mobile, self-service, and more.

Hospitality 52

Hospitality Hotels Digital Marketing Revenue 52

SiteMinder

JUNE 5, 2025

Learn more Common challenges in a new hotel construction and how to avoid them Building a hotel is a balancing act, managing timelines, compliance, budget, and future operations. And when things go wrong, the fallout can be expensive and time-consuming. Delays here can stall the entire project before a single brick is laid.

Construction 52

Construction Management Hotels Operations 52

Xotels

MAY 30, 2024

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. Neither should we ignore the fact that guests spend on additional services while staying at your hotel.

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

Xotels

DECEMBER 12, 2024

Tour Operators Tour operators bundle accommodations with travel services, offering pre-arranged packages. Dynamic Consumer Behaviour : Understanding and adapting to rapidly changing consumer behaviors, preferences, and expectations in the digital age can be a continuous challenge for hotels.

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. It’s about adding a tool you’ll be using consistently.

Management 76

Management OTA Cancellation Overbooking 76

Xotels

APRIL 3, 2024

Guest & Market Segmentation Hotel market segmentation is an important component of effective revenue management, allowing hotels to target diverse consumer groups based on their behaviours and budget levels. Mix of business and leisure amenities and services (see how to target the bleisure market ).

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

SiteMinder

NOVEMBER 24, 2023

” – Hotel reservations supervisor in the United States “The channel manager is very efficient: Fast set up, fast connectivity. Also, a very good and attentive customer service team. Trustpilot is a widely-used online review website that empowers consumers to give their honest opinions about companies. Brilliant job!”

Revenue 52

Revenue Revenue Management Management General Manager 52

SiteMinder

MAY 14, 2023

It provides services with over 18 years of experience showcasing a unique identity. We always offer warm service, and we pay great attention to every detail from when a reservation is made to the check-out date. The management team saw this as a challenge. “ All staff members have now got the third dose of the vaccine.

Sales 97

Sales Revenue Yield Management Occupancy 97