Hotel Speak

AUGUST 9, 2023

In the dynamic landscape of the hospitality industry, effective hotel revenue management stands as a cornerstone for optimizing profits. Understanding the Essence Hotel revenue management is a strategic process encompassing the precise pricing of hotel rooms to unlock their full revenue potential.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

STAAH

APRIL 16, 2024

In the ever-evolving hospitality industry, staying competitive demands more than just offering great accommodations and service. 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).

Revenue Management 79

Revenue Management Revenue Management Forecasting 79

Catala Consulting

JANUARY 18, 2024

In the dynamic world of hospitality, the UK market stands out as a beacon of innovation and adaptation, particularly in the realm of hotel revenue management. The key is to find the right balance – pricing rooms to maximize occupancy without undervaluing the service.

Revenue Management 52

Revenue Management Revenue Management Market 52

SiteMinder

OCTOBER 26, 2023

Dallas, USA – Brittain Resorts & Hotels (BRH), a leading full-service hospitality management company, has adopted SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, as part of its newly-announced business intelligence technology matrix. It can literally cost us millions.

Revenue Management 81

Revenue Management Revenue Resorts Management 81

STAAH

OCTOBER 25, 2022

From irregular demand patterns to changing distribution mix and a depleted talent, here’s a roundup of challenges faced by revenue managers from India right now. The STAAH team went out to leading revenue managers from India to understand what are the biggest challenges they are facing. Lack of skilled staff.

Revenue Management 72

Revenue Management Revenue Management Forecasting 72

STAAH

NOVEMBER 8, 2022

Like many other areas in travel and hospitality, revenue management has dramatically changed in the last two years. We spoke to leading revenue managers on what they think lies ahead. Revenue managers have had to up their ante on monitoring local trends and populace segments to get a better understanding of demand.

Revenue Management 71

Revenue Management Revenue Management Forecasting 71

Catala Consulting

NOVEMBER 18, 2023

The Evolution of Hotel Revenue Management In its early stages, hotel revenue management was a game of numbers – it was all about filling rooms and adjusting prices based on demand. As the industry evolved, so did the concept of revenue management.

Revenue Management 52

Revenue Management Revenue Management Hotels 52

Amadeus Hospitality

SEPTEMBER 27, 2023

Originally published to the Amadeus newsroom 2023 global hotel occupancy levels are trending 10% ahead of 2022 with Q4 on-the-books reservations up 11% over last year, according to Amadeus data September 27, 2023 – There is a sense of buoyancy in the global hospitality industry as we head into the fourth quarter of 2023.

Occupancy 120

Occupancy Hospitality Revenue Business 120

eZee Absolute

JANUARY 16, 2024

To help you navigate the ever-growing blogosphere, we’ve compiled a list of the top 10 hospitality blogs from 2023 that every hotelier must follow. These blogs offer a wealth of knowledge on a variety of topics relevant to the modern hotelier, from revenue management and guest experience to marketing strategies and emerging trends.

Hospitality 102

Hospitality Marketing Strategy Occupancy Digital Marketing 102

SiteMinder

MAY 18, 2022

In this edition we spoke to Markus Seemann, founder of 9seemeilen Hospitality, about all things hotel revenue management. Every hotel deserves professional revenue management. I believe that not only chain hotels should have access to revenue management but also all other hotels. Table of contents.

Revenue Management 52

Revenue Management Revenue Management Occupancy 52

Amadeus Hospitality

SEPTEMBER 8, 2023

Going beyond the existing integration with iHotelier ®, Amadeus , a global provider of hospitality technology solutions, and BEONx , a leading hospitality revenue management service provider, announce an extension of their partnership to bring comprehensive business intelligence to BEONx customers that subscribe to Demand360®. .”

Revenue 59

Revenue Revenue Management Occupancy Business 59

Hotelier Magazine

MARCH 11, 2024

By Roseline Victoria Vijayakumar The hospitality industry generates copious amounts of data daily, ranging from booking information and property details to room rates, housekeeping schedules and guest preferences. Recently, Track, a hospitality software solution, hosted a webinar called Guest Data Drive Results.

Business 59

Business Average Length of Stay Hospitality Management 59

STAAH

MAY 7, 2024

Before you realize it, the upcoming peak season will be here, presenting an opportunity to maximize your hotel’s occupancy with satisfied guests. Amplify online engagement Lastly, the influence of social media in driving hotel room occupancy cannot be overstated. In this regard, having a solid marketing mix in place is crucial.

Market 83

Market Marketing Occupancy Digital Marketing 83

Webrezpro

AUGUST 28, 2023

Filling rooms during slower travel times is important to ensure your business’s long-term success and relevancy. Contrary to instinct, drastically reducing room rates won’t guarantee midweek bookings. In fact, it eats into your profits and undermines your hotel’s credibility.

Occupancy 74

Occupancy Travel Hotels Revenue Management 74

Inn Quest

APRIL 5, 2023

Anyone who has worked in the hospitality industry for a few years would enthusiastically attest to the importance of yield management in hotels, particularly in hotel revenue management. Yield management is a pricing strategy that predicts customer demand and adjusts prices to maximize revenue.

Yield Management 88

Yield Management Management Occupancy Revenue 88

Boutique Hotel News

APRIL 18, 2023

Yanolja Cloud’s is a leading global provider of AI-based, software-as-a-service (SaaS) solution for the hospitality and leisure industries. Where is the greatest potential for innovation in hospitality tech? Artificial intelligence (AI) will really accelerate different areas of hospitality technology.

Hospitality 52

Hospitality Revenue Management Occupancy Revenue 52

Cloudbeds

APRIL 30, 2024

A question that likely keeps you up at night is, ‘How can I boost revenue per available room (RevPAR) and outpace my competitors?’ It’s the bedrock of hotel revenue management , and for good reason. Fast-forward several years, and the arrival of the pandemic once again upended the hospitality industry’s playbook.

Revenue Management 52

Revenue Management Revenue Occupancy Hotels 52

SiteMinder

FEBRUARY 25, 2024

What is hospitality industry news? Hospitality is forever changing, in response to new technologies, market trends, customer tastes and more. With more rooms comes more work, and the British Hospitality Association aims to create 100,000 jobs. decrease in occupancy during December. The average guest spends 4.5

Hospitality 52

Hospitality Cancellation OTA Tourism 52

Hotelogix

APRIL 22, 2024

Harnessing hotel data is essential for navigating the modern hospitality landscape, enhancing operational efficiency, and tailoring marketing efforts to meet guest preferences better. Importance of Analysing Hotel Data Hotel data encompasses various information, from guest bookings and preferences to revenue figures and occupancy rates.

Management 52

Management Average Daily Rate Revenue Management Hotels 52

Cloudbeds

MAY 31, 2023

By monitoring market pricing intelligence, hotels can stay apprised of opportunities to flex pricing power, increase ADR (average daily rate), and lower pricing to increase occupancy. Rate shopping helps answer the eternal question in hotel revenue management, “How much should we charge for our rooms?”

Revenue Management 52

Revenue Management Shopping Average Daily Rate Revenue 52

Cloudbeds

APRIL 15, 2024

The hospitality industry is notorious for the number of time-consuming and tedious tasks that must be completed every single day. From checking in guests and entering reservations to managing rates and assigning rooms, many hotels still perform a lot of manual tasks. Listen to the full episode of the Turndown featuring Luka Berger.

Revenue Management 98

Revenue Management Hotels Operations Revenue 98

Cloudbeds

APRIL 9, 2024

The hospitality industry has been notoriously slow to innovate, relying on outdated, siloed systems that make running day-to-day operations a struggle. Delivering comprehensive value across every aspect of property management. Today’s reality embraces: A unified platform.

Upsell 52

Upsell Revenue Management Operations Revenue 52

eZee Absolute

NOVEMBER 1, 2022

The hospitality industry evolves rapidly, making it difficult for hotel businesses to keep abreast with the latest ongoings. Hotels that manage to keep a keen eye on the trends and happenings, always outplay their competitors and succeed. Even a certain number of hospitality industry statistics could help you ace your hoteliering game.

Hospitality 52

Hospitality Revenue Management Revenue Travel 52

Hotel Business

APRIL 19, 2023

Experts across the hospitality industry continue to forecast “cautious optimism,” emphasizing caution as the International Monetary Fund chooses to lower the projections for their annual economic growth forecast to 2.9% Today, this process is supported end-to-end by revenue management technology. from an initial 3.4%.

Revenue Management 52

Revenue Management Forecasting Consumer Occupancy 52

Boutique Hotel News

APRIL 21, 2023

The hype around AI and its impact on hospitality and travel shows no sign of abating. In a recent BHN webinar we explored how advanced technology is shaping hotel operational management and the guest experience. Read the full interview here.

Occupancy 52

Occupancy Revenue Management Events Revenue 52

Hotel Business

JANUARY 24, 2024

According to the Mews Data Dive , a real-time measure of hospitality’s performance in 2023, ADR rose 6% year-over-year (YOY) to an average of $250, and RevPAR saw an increase of 9% YOY to $126. Average occupancy in 2023 was 49.1%, a 3% increase YOY and 19% higher than 2019 levels. ” For the U.S.

Upsell 59

Upsell Occupancy Travel Revenue 59

Inn Quest

JUNE 8, 2023

Are you curious about the latest trends and impact of AI in the hospitality industry? Artificial intelligence (AI) is seamlessly integrating into hospitality experiences, redefining our expectations – from chatbots providing instant customer support to predictive analytics optimizing hotel operations.

Hospitality 54

Hospitality Upsell Services Operations 54

Hotelier Magazine

OCTOBER 10, 2023

By Amy Bostock and Nicole Di Tomasso TORONTO — Last week, the Ontario Restaurant Hotel Motel Association (ORHMA) hosted its second annual Ontario Hospitality Conference at the Sheraton Parkway Toronto North Hotel & Suites in Richmond Hill, Ont. A saying I coined a long time ago is: respect the tradition and embrace the future.

Hospitality 59

Hospitality Consumer Motels Revenue 59

Refine

OCTOBER 9, 2023

Hospitality is awash with data. From pricing analysis to targeted marketing, from occupancy rates to guest engagement, every hotelier knows that metrics are important – but how do you sort the interesting from the invaluable? What to Do with the Hotel Data?

Target Marketing 85

Target Marketing Occupancy Hotels Market 85

Hotel Speak

JANUARY 25, 2024

Nearly 20% of guests checked in online, and one in five hotels diversified revenue by monetizing spaces beyond hotel rooms. Mews , the industry-leading hospitality cloud, today released the Mews Data Dive , a real-time measure of hospitality’s performance in 2023.

Average Daily Rate 76

Average Daily Rate Revenue Travel Upsell 76

STAAH

OCTOBER 15, 2023

The promise to all – a diverse and unmatched hospitality experience. STAAH channel manager solves connection priorities With already a plateful to manage; not to mention reduced staff post-Covid-19, the idea to automate room distribution and pricing management was a very attractive opportunity and something STAAH could easily manage.

Overbooking 82

Overbooking Occupancy Accommodation Resorts 82

Inn Quest

APRIL 3, 2023

As the hospitality industry evolves after the pandemic, it’s more important than ever for hotels to streamline their day-to-day operations to improve efficiency, enhance the guest experience, and increase revenue. Here are some ways to streamline operational tasks for your hotel.

Operations 88

Operations Revenue Management Forecasting Revenue 88

Cloudbeds

APRIL 2, 2024

The number of booking channels lodging businesses must manage has expanded exponentially, from their website to online travel agencies , bed banks, GDS’, and metasearch engines. The most effective distribution strategies in the hospitality industry are dynamic. room types, maximum occupancy, stay restrictions, etc.), Busy Rooms.

Revenue Management 52

Revenue Management Occupancy Revenue Hotels 52

Amadeus Hospitality

SEPTEMBER 22, 2023

In today’s competitive hospitality industry, well-structured sales and revenue strategies are the key to success. Learn how to evaluate and implement the latest pricing, segmentation, channel management, and other key strategies to deliver results and understand the role of technology to help you work smarter – not harder.

Revenue 52

Revenue Sales Average Daily Rate Revenue Management 52

Inn Quest

SEPTEMBER 12, 2023

This intricate process encompasses a plethora of components that intertwine to create a symphony of hospitality. From the moment a guest walks through the doors until their departure, every aspect of their stay is carefully curated through the lenses of hotel operating systems and the adept oversight of a hotel operations manager.

Operations 88

Operations Management Revenue Revenue Management 88

Cloudbeds

FEBRUARY 28, 2024

Whether online or offline, behind every effortless booking experience is a fast, reliable, and fully integrated hospitality management system. 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.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

Hotel Business

MAY 16, 2023

One major issue some hoteliers face is that their property management systems only do the bare minimum and don’t support ongoing growth and scalability. In a post-COVID hospitality landscape, we need our technology to help optimize guest interaction, support front-desk and back-office staff and drive data-backed business decisions.

Revenue 96

Revenue Revenue Management Occupancy Operations 96