SiteMinder

NOVEMBER 14, 2023

Table of contents The importance of a Hostelworld inbox login Effective communication is crucial for successful hotels, whether it’s confirming booking details, providing guests with up-to-the-minute updates on hotel events and services, or following up with guests after their stay to encourage rebookings and forging stronger customer loyalty.

Revenue 52

Revenue Management Yield Management Overbooking 52

SiteMinder

OCTOBER 9, 2022

The art is to maximise revenue with rate premiums when there is an abundance of demand and also set competitive and sustainable rates in the low season when market demand is more fiercely contested: in short, yield management. Revenue managers continuously solve an ever-changing puzzle, where occupancy and ADR are two key pieces.

Revenue Management 59

Revenue Management Revenue Management Occupancy 59

Inn Quest

JUNE 8, 2023

To learn about the benefits of yield management in the hotel industry, read this. By using AI in the hospitality industry, managers can leverage advanced statistical techniques and machine learning to analyze data, external factors (e.g., weather, events) and market trends to predict future booking demands.

Hospitality 54

Hospitality Upsell Services Operations 54

SiteMinder

JANUARY 10, 2024

Storytelling your success Beyond training and modelling, nothing comes closer to reality than the story of a real event. We were able to increase RevPAR by more than 30% by executing yield management on the platform swiftly and accurately.” Atchara Nakpoom, Revenue and Reservations Manager Kirimaya Read more

Management 59

Management Hotels Services Business 59

SiteMinder

APRIL 25, 2024

The exact genesis of yield management (now revenue management) in the hospitality sector is hotly debated,” says Stuart-Hill. These events are important to the evolutionary history of revenue management, as revenue managers were tasked with helping find additional revenue sources for their properties,” explains Stuart-Hill.

Revenue Management 111

Revenue Management Revenue Management Hotels 111

Xotels

APRIL 3, 2024

For analysing market situations, the demand calendar includes key indicators such as RevPAR (Revenue Per Available Room) and demand levels from the previous year, along with factors like groups or events, bank holidays, school holidays, and exceptional demand indicators for the current year.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Cloudbeds

FEBRUARY 28, 2024

Based in Germany, Protel is a legacy PMS provider that also offers a website booking engine, mobile app, and events software. Central reservation systems and booking engine Cendyn.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

Xotels

AUGUST 9, 2021

This made Google Hotel Ads particularly appealing for revenue managers in recent years, excited by all the bidding opportunities. On top of that, Google is constantly beta-testing new features for GHA. In July, 2021, it started supporting image extensions in the ads. .

Hotels 52

Hotels Market Share OTA Cancellation 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. What’s allotment ? What’s a closeout? What’s iCal?

Management 76

Management OTA Cancellation Overbooking 76