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What is Hotel Revenue Management?

Xotels

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenue management to more advanced practices and strategies.

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8 Essential Features To Consider When Choosing a Revenue Management Solution for Your Hotel

STAAH

Hoteliers need to employ smart strategies to optimize revenue and profitability. One of the most powerful tools in their arsenal is a robust Revenue Management Solution (RMS). This enables hoteliers to adjust room rates dynamically to maximize revenue based on current market conditions.

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Exclusive: Choice reports direct bookings boom, continued RevPAR growth

Hotel Management

Australian revenue managed hotels had a 40% RevPAR increase in 2022 and ADR was up 10% on 2019 figures. Corporate bookings have also increased across the group, with global distribution system (GDS) room nights up 42% compared to 2021.

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Hanging Gardens of Bali maximises sales and improves channel management with SiteMinder

SiteMinder

Besral Sitorus, Cluster Revenue Manager of the hotel, expressed his satisfaction after relying on SiteMinder: “SiteMinder has a LOT of connections, which makes it easier for us to connect with valuable channels. The team was struggling to widen visibility via online channels with their previous technology solution.

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Top hotel content for 2022: Your end of year wrap-up

SiteMinder

Revenue tips were engrossing – Hotel revenue management: Strategies to boost topline revenue had readers poring over the page for an average of 9.5 Now, onto the podium… Our top three most viewed blogs in 2022 were: What is a global distribution system (GDS) and is it right for your hotel?

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How to choose the Right Channel Manager for your Accommodation?

STAAH

Read an in-depth blog on optimal distribution mix This broad distribution capability allows hotels to reach a diverse audience through platforms such as online travel agencies, global distribution systems, metasearch engines, and their own website.

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A Concise Guide to Hotel Inventory Management

Inn Quest

Effective hotel inventory management relies on technology solutions like Property Management System s (PMS), Channel Managers, and Revenue Management Systems (RMS) to automate tasks, analyze data and make informed decisions. Implementing an RMS helps maximize revenue by adjusting rates dynamically.