Amadeus Hospitality

APRIL 23, 2024

As a result , new global research from Amadeus has revealed a strong appetite to spend. In order to maximize revenue across the business, hoteliers should focus their budget on elevating the guest experience using advanced reservations, distribution, marketing, and data services. 4.

Upsell 52

Upsell Global Distribution System Hotels Shopping 52

SiteMinder

FEBRUARY 13, 2023

OTAs, wholesalers and destination management companies reasserted their dominance across SiteMinder’s Top 12 booking channel lists in most markets as international travel returned, with Booking.com remaining the most popular. Travellers showed a continued openness to book directly with hotels in 2022, despite OTAs regaining ground.

Average Length of Stay 52

Average Length of Stay Average Daily Rate Travel Global Distribution System 52

Inn Quest

SEPTEMBER 5, 2023

Hotel inventory management is the process of efficiently overseeing and optimizing a hotel’s available resources including rooms, services and facilities, to maximize revenue and guest satisfaction. Food and Beverage: Restaurants, bars and room service are vital revenue streams.

Management 87

Management Overbooking Revenue Hotels 87

eZee Absolute

FEBRUARY 27, 2024

They sought a solution that not only increased visibility on Online Travel Agencies (OTAs) and Global Distribution Systems (GDS) platforms but also sold the rooms at the best price and managed their inventories seamlessly. This resulted in higher revenue potential and improved profitability for the hotel.

Overbooking 52

Overbooking Global Distribution System Hotels Management 52

eZee Absolute

DECEMBER 11, 2023

A hotel channel manager is a software that allows hotels like yours to manage their online inventory and rates across multiple booking channels, such as online travel agencies (OTAs), global distribution systems (GDSs), and your website as well. It maximizes the chances of getting a booking and optimizing your revenue.

Management 59

Management OTA Overbooking Global Distribution System 59

SiteMinder

JANUARY 8, 2024

Hotel management made easy Streamline hotel management, boost revenue, and enhance guest experience with SiteMinder's smart platform. Revenue management: Depending on the size of the hotel, the task of managing revenue might be given to the general manager or to a dedicated financial officer.

Operations 59

Operations Management OTA Hotels 59

SiteMinder

FEBRUARY 28, 2023

China’s largest OTA, Trip.com, discovered the most popular destinations so far are Singapore, South Korea, Hong Kong, Japan and Thailand. SiteMinder’s Changing Traveller Report found that just 8% plan to begin their research on a search engine, well down on the global average of 33% – most will begin on specific sites or apps.

Tourism 105

Tourism Travel Accommodation OTA 105

SiteMinder

OCTOBER 23, 2023

On the other hand, a channel manager is a more comprehensive tool designed to manage and synchronise a hotel’s inventory across multiple online distribution channels, such as online travel agencies (OTAs), global distribution systems (GDS), and direct booking platforms.

Management 59

Management Global Distribution System Hotels Overbooking 59

SiteMinder

JANUARY 8, 2024

Hotel management made easy Streamline hotel management, boost revenue, and enhance guest experience with SiteMinder's smart platform. Revenue management: Depending on the size of the hotel, the task of managing revenue might be given to the general manager or to a dedicated financial officer.

Operations 52

Operations Management OTA Hotels 52

Hotelogix

OCTOBER 18, 2023

Why is a Hotel Reservation System Important for Your Business In a technology-driven era where convenience and personalized experiences are paramount, an effective hotel reservation system isn't just an option – it's an essential tool for staying competitive and thriving in the hospitality industry.

Business 40

Business Global Distribution System Cancellation Hotels 40

SiteMinder

FEBRUARY 8, 2024

According to Statista research , revenue in the Travel & Tourism market is projected to reach US$184.50bn in 2024. By tapping into this demographic, hotels can access a vast pool of potential guests, increasing occupancy rates and revenue. Additionally, 47% plan to book with an OTA and 24% direct with their accommodation.

Travel 52

Travel Market Marketing Tourism 52

SiteMinder

OCTOBER 11, 2022

From hiring all staff to scheduling maintenance to creating new revenue management strategies , the hotel management team is extremely busy. Revenue manager. The main goal of the sales and reservations department is to increase room bookings and boost revenue. Revenue manager. Operations manager. Night duty manager.

Operations 59

Operations Hotels Management Revenue Management 59

Hotel Speak

MARCH 13, 2024

In this comprehensive guide, we’ll cover everything you need to know about distribution strategies. By the end, you will know what a distribution strategy is and have the knowledge to create an optimized distribution approach to maximize reach, boost revenue, and enhance the customer experience.

Global Distribution System 79

Global Distribution System Retail Shopping Consumer 79

Inn Quest

AUGUST 15, 2023

Hotels face a daunting challenge as travelers seek convenience and competitive prices: how to efficiently manage their room inventory across multiple online distribution channels while maintaining real-time updates and avoiding overbooking. This is where a hotel channel manager comes into play.

Management 52

Management Global Distribution System Overbooking OTA 52

Cloudbeds

FEBRUARY 28, 2024

The reservation system acts as the central hub of the reservation ecosystem, which may also include a website booking engine, channel manager, and revenue management system. When integrated, these modules work together to help hotels manage room availability, distribution, reservations, and revenue.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

STAAH

SEPTEMBER 5, 2023

Online Travel Agents (OTAs) – Reaching a Vast Audience Leveraging the reach of OTA s such as Airbnb , Expedia, Booking.com , and more can help you tap into a vast user base actively seeking accommodations. OTAs provide travelers with options for comparing prices and deals, making them a crucial channel for attracting bookings.

Hospitality 88

Hospitality Global Distribution System OTA Accommodation 88

Cloudbeds

APRIL 2, 2024

The main function of a CRS is to act as a hub for all distribution activities, including making available rooms visible across distribution channels, allowing travelers and travel agents to make reservations, and collecting booking data. The revenue management system (RMS). Busy Rooms.

Revenue Management 52

Revenue Management Occupancy Revenue Hotels 52

Cloudbeds

JULY 15, 2023

For growing hospitality businesses, a channel manager is a fundamental part of successful revenue management and distribution strategy. Channel Management is the process of actively managing the distribution of rates and availability onto multiple online distribution sites. The same happens with a cancellation.

Management 76

Management OTA Cancellation Overbooking 76

SiteMinder

DECEMBER 20, 2023

RevPAR , or revenue per available room, is one the easiest ways to predict revenue for a hotel. To ensure you’re operating at a profit, you’ll need to understand pricing at your hotel and optimise your pricing strategy so that you maximise the revenue that you generate per room and per guest.

Business 59

Business Hotels Management Revenue 59

SiteMinder

MARCH 16, 2023

This way, it won’t only make life easier but you can use the data it provides to source more revenue and profit for your hotel. More revenue: A pooled inventory model to put more of your rooms online and reduce overbookings. Lower cost of acquisition: Instantaneous integration with the world’s leading hotel technology platforms.

Overbooking 52

Overbooking Hotels Accommodation Global Distribution System 52