SiteMinder

OCTOBER 10, 2023

Learn more Key factors to consider when implementing the cost-based pricing method Implementing cost-based pricing requires a thorough understanding of various factors that could impact the effectiveness of this pricing strategy, as well as a mastery of yield management.

Target Marketing 59

Target Marketing Revenue Yield Management Market 59

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.

Resorts 52

Resorts Management Yield Management Sales 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.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

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. It could lead to risky situations , where last-minute rates have to be softened to offset low pick-up, and the end result being worse.

Revenue Management 40

Revenue Management Occupancy Revenue Average Daily Rate 40

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. Mapping out these questions out in your strategy will help to set realistic goals.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Inn Quest

JUNE 8, 2023

To learn about the benefits of yield management in the hotel industry, read this. Moreover, traditional hotel room pricing methods are considered manual, time-consuming and inaccurate.

Hospitality 54

Hospitality Upsell Services Operations 54

SiteMinder

NOVEMBER 24, 2023

Trustpilot is a widely-used online review website that empowers consumers to give their honest opinions about companies. Executing yield management on the platform swiftly and accurately, they experienced a 50% increase in overall bookings. Brilliant job!”

Revenue 52

Revenue Revenue Management General Manager Management 52

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