Cloudbeds

DECEMBER 2, 2024

One of the main challenges for hotels is creating accurate forecasts in the short, medium, and long term. Accurate forecasting also benefits hotels’ bottom lines in other ways. But traditional forecasting models no longer cut it. Relying on historical data hinders performance since no season is ever identical to the last.

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Hotel Business

NOVEMBER 9, 2023

Global cloud-based market intelligence provider OTA Insight has rebranded to Lighthouse. “Our capabilities and vision have outgrown the OTA Insight name,” said Sean Fitzpatrick, CEO. The post OTA Insight rebrands as Lighthouse appeared first on hotelbusiness.com.

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Hotelogix

NOVEMBER 30, 2023

Online Travel Agents for hotels or OTAs serve as important distribution channels for hotels. OTAs are online platforms or websites that sell hotel rooms to customers. An excellent marketing strategy incorporates OTAs to boost sales and revenue. These statistics show why OTAs are essential for hotels.

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Hotel Speak

APRIL 18, 2025

But a lot of hoteliers have gotten stuck in a loop of constantly slashing prices, offering direct channel discounts, OTA promotions, and special rate packages to drive occupancy. And hotels and resorts have definitely caught on to this, offering tons of discounts to get people to book.

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Hotel Speak

JANUARY 28, 2025

Simplified Distribution: Managing room inventory across multiple Online Travel Agencies (OTAs) can be complex. Single-solution platforms harness AI to: Analyze booking trends and forecast demand. Adopting AI and Automation The future of hospitality lies in AI-driven tools that automate routine tasks and provide predictive insights.

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Hotelogix

OCTOBER 24, 2024

It analyses several factors including demand, season, occupancy forecast, and competitor pricing, etc. Channel Manager A channel manager is a software that helps you distribute/update your hotel’s rooms and rates on all the connected Online Travel Agencies (OTA). For example, you sell your rooms on 5 OTAs.

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Hotel News Resource

MAY 2, 2023

Could short-term rental data play a vital role in being able to predict market demand before your competition? Find out in this article.

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STAAH

APRIL 16, 2024

Integration with Distribution Channels: Seamless integration with distribution channels such as online travel agents (OTAs) , global distribution system (GDS) , and direct booking channels is essential for efficient inventory management and distribution.

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Hospitality Today

APRIL 8, 2025

Morningstar halves 2025 growth forecasts for Booking, Airbnb, Expedia, and Tripadvisor amid economic uncertainty

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Hotel Speak

MAY 14, 2025

Predictive Demand Forecasting Predictive analytics utilizes historical data, market trends, and external factors to forecast future demand. Maintenance Forecasting : Use occupancy trends to schedule preventive maintenance before peak dates, avoiding unexpected breakdowns. Also Read: Is Your Hotel Ready for the Peak Season?

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Hotel Speak

SEPTEMBER 26, 2024

Core Pricing Strategies for Hotel Trading Bots Programming effective hotel trading bots starts with identifying robust pricing strategies, including: Dynamic Rate Setting Bots analyze historical booking data, forecasted demand, local events, and other factors to set optimal daily rates aimed at maximizing RevPAR.

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Hotelogix

JANUARY 19, 2025

Steps to Analyze Competitor Pricing: Track room rates across OTAs and direct websites. Historical Forecasts Historical data helps you predict future demand and optimize rates. How to Use Forecasting: Analyze past trends for high-demand and low-demand periods. Compare room types (standard, deluxe, suite) and amenities offered.

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Xotels

MARCH 3, 2025

These tools use data-driven insights, automation, and forecasting to ensure youre charging the right price at the right time. Guest actions Who makes direct bookings versus through OTAs, and how can you influence them? Forecasting helps you prepare for the future, with the right pricing, staffing, and strategies already implemented.

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SiteMinder

JULY 13, 2024

Without it, your business is essentially forfeiting the ability to boost bookings, revenue and profit, offer competitive rates and promotions, and forecast effectively. That said, one has to ask: why are so many hotels’ margins still being eroded away by OTAs ? Some OTAs still use cached pricing.

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Cloudbeds

APRIL 15, 2025

Our AI solutions transform this human-centered data into tools that not only address critical pain points like high OTA commissions and labor costs, but also free hospitality staff to focus on what technology cannot replicate genuine human connections with guests.”

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Hotel Speak

FEBRUARY 1, 2024

The top five features listed by RMS users are: Automated pricing recommendations Real-time insights Quick and efficient forecasting Ease of use Market intelligence data Tech Investment Set to Continue Hotel tech spending continues to increase, with 60.7% of respondents saying they had spent more in 2023 compared to 2022, and 71.4%

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Little Hotelier

JANUARY 19, 2025

Net rate : This is the rate after subtracting any commissions or fees, often used in negotiations with online travel agencies (OTAs) or corporate bookings. Plus, OTAs and other industry partners will normally negotiate based on your rack rate, so you really need to have one if youre going to operate smoothly with other players.

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SiteMinder

MAY 6, 2025

It keeps everything in one place Trying to consolidate data from OTAs, the GDS, brick-and-mortar travel agencies, phone reservations, and more can be very tricky when done manually. The Central Reservation System ensures all this information is stored and accessible in one place, and always up-to-date.

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STAAH

MAY 27, 2025

In hospitality, every dollar earned reflects smart planning, sharp forecasting, and responsive pricing, all driven by the Hotel Revenue Manager. Heres what a future-ready revenue toolkit looks like and how STAAH supports each layer: 1) Channel Manager Managing multiple OTAs manually is time-consuming and error-prone.

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STAAH

APRIL 16, 2025

With categorized reports and intuitive tooltips explaining each metric, it empowers teams to spot trends, correct inefficiencies, and forecast with confidence. are performing across OTAs and booking sources. Room Type Wise Booking : Analyze performance by room category to determine popularity and revenue contribution per room type.

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STAAH

MAY 21, 2024

Decision: Should we increase or hold the retail pricing on online travel agents (OTAs) and the brand website? Forecast Accurately: Use forecasting to inform pricing, yield management , and channel management decisions. Consider the following scenarios to illustrate this point: 1.

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Cloudbeds

NOVEMBER 15, 2024

Decision intelligence unifies the full range of pricing decision-making through both OTAs and direct bookings. It’s equipped with forecasting, trend analysis, and automation capabilities and is built into the Cloudbeds platform, allowing users to make smarter, data-driven decisions directly across the system.

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Hotel Speak

FEBRUARY 26, 2024

Adam Harris, Co-Founder and CEO of Cloudbeds , said: “The outlook for the travel industry in 2024 looks rather encouraging, with economic forecasts shifting from fears of a global recession to expectations of a soft landing and moderate growth. Online travel agencies (OTAs) have returned stronger than ever.

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STAAH

AUGUST 22, 2023

Anticipating your demand The first step to optimise for low occupancy periods is to understand when they happen – forecasting demand is critical to manage it. However, a better picture can be drawn if you look outside into the real world for this data – competitor rates, airline prices and even economic forecasts are important to consider.

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Hotel Business

DECEMBER 12, 2022

The data covers key hotel performance indicators such as occupancy, RevPAR, booking lead time, length of stay, international and domestic travel, direct and OTA bookings, as well as upsell performance to forecast trends shaping the hotel industry in 2023.

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Hotel Speak

NOVEMBER 19, 2024

Forecasting High-worth customers are known for booking at the last minute. When casinos are armed with a forecast that predicts this type of demand, they can price accordingly. Having a system that can give you real-time pickup is highly valuable when you’re creating forecasts,” Reed says. “It

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SiteMinder

AUGUST 11, 2024

Thanks to these solutions, today’s revenue manager can produce forecasts, distribute inventory and adjust rates with speed – a stark contrast to the manual and long drawn-out processes that defined the practice in the past. A richer data set will allow for a clearer picture of market conditions and improved forecasting.

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SiteMinder

JUNE 12, 2024

Learn more Yield management vs revenue management The goal of yield management is not merely to increase room rates or occupancy; rather, it’s to maximise your hotel’s revenue by forecasting your room supply and demand across a variety of key factors. Informed Decision-Making : Yield management relies heavily on data analytics.

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Hospitality Today

NOVEMBER 10, 2024

The OTA beat earnings estimates and raised its 2024 bookings forecast to 5%, driven by strong international travel demand

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Hotelogix

FEBRUARY 27, 2025

How many direct bookings are you losing to OTAs due to poor integration? With a centralized HMS, revenue management tools can optimize pricing strategies, direct booking systems can reduce OTA dependency, and automated staffing solutions can ensure that operational costs remain under control.

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STAAH

APRIL 23, 2024

Interactive dashboards and visual representations make it easier for revenue managers to make data-driven decisions, identifying revenue trends, tracking performance metrics, and accurately forecasting future demand.

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STAAH

MAY 22, 2024

Designed specifically for the hospitality industry, it offers easy channel management, rate distribution, and inventory control across multiple online travel agencies (OTAs) and booking channels. Additionally, IDEAS offers forecasting tools, allowing hotels to anticipate demand and adjust pricing accordingly.

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STAAH

MAY 16, 2023

3) Forecasting Forecasting is the lifeblood of revenue management. Forecasting in revenue management relies on setting prices based on what you expect the demand to be. For instance, corporate clients may spend more on services within the hotel and get more volume of bookings throughout the year.

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Cloudbeds

MARCH 23, 2023

eCommerce sites include hotel websites and booking engines , online travel agencies (OTAs), metasearch engines , and other online platforms where hotels advertise and sell rooms. Metasearch advertising can be an effective way to reach these travelers, compete with OTAs, and generate direct bookings.

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Xotels

APRIL 3, 2024

Following best practices and a well-thought-out strategy is the only way to unlock the full potential of revenue for your hotel , with benefits including: Claim your fair market share: with more hotels forecasted to open every year , gaining a fair market share will become more difficul t each year.

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Hotelogix

JANUARY 19, 2025

Essential Features of a Good PMS Integration with OTAs and Channel Managers An effective PMS integrates seamlessly with Online Travel Agencies (OTAs) and channel managers, ensuring real-time updates for room availability and pricing across platforms.

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STAAH

NOVEMBER 8, 2022

The second of our two-part blog series on revenue management looks beyond challenges towards trends emerging from dwindled demand, patchy recovery and flipping of established revenue management processes to forecast and inform pricing. If you’re lost amidst volatile demand and ineffective conventional forecasting methods, don’t worry.

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