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Think revenuemanagement is just for the big hotel chains or that it’s all about jacking up prices? Believe me when I say, as the COO of a revenuemanagement consulting firm, that at least one of the below misconceptions is draining your hotel’s profits faster than a leaky faucet.
The hospitality industry thrives on people. Whether you’re a hotel manager, concierge, or front desk staff, cultivating the right traits can set you apart in this competitive field. Here are the top traits that define exceptional hospitality professionals and why they matter.
The hospitality industry is evolving faster than ever, driven by rising guest expectations and technological advancements. But luckily, there is a solution: Single-solution platforms that consolidate all essential hotel management tools into one complete system.
Offering a perfect blend of 19th-century grandeur and modern hospitality, Casa Palacete 1822 stands as one of Granada’s most distinctive boutique accommodations. Mitigating overbooking risks through instant mapping The consequences of overbooking can be particularly severe for a small boutique property like Casa Palacete 1822.
This mega-event is not just a spiritual confluence but also a catalyst for significant economic activity, providing a golden opportunity for the hospitality industry. billion) in economic activity, with a significant portion benefiting the hospitality and tourism sectors. For 2025, the scale is even grander.
India’s The Citi Residenci Hotels boosts bookings, efficiency and guest experience with STAAH’s smart hospitality solutions. With a growing footprint across West Bengal, The Citi Residenci Hotels has emerged as a leading name in regional hospitality, offering modern comforts, efficient service and local charm across its properties.
Managing bookings across multiple channels has become a core part of running a successful hospitality business. From hotels and vacation rentals to holiday apartments, properties of all types rely on channel managers to simplify operations. Choosing the best channel manager isn't just about convenience.
Established in 2016, RevenYou is a specialist consultancy firm supporting accommodation businesses across Australia, New Zealand, and the Pacific with revenuemanagement, sales, marketing, and systems integration. Tamie Matthews – Founder & CEO, RevenYou 2.
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With the hospitality industry adapting to evolving guest expectations and the rapid growth of online booking platforms, managing hotel operations become increasingly complex. Reaching the right guests, at the right time The biggest change for hoteliers is keeping up with the constantly evolving landscape for hospitality.
Despite that, nearly 45% of independent hotels still operate with partially integrated or disconnected platforms, leading to challenges such as overbooking, inconsistent pricing across channels, and lack of real-time visibility of interactions with travelers. Download the free manual Asksuite and Oracle Hospitality prepared just for you.
Now operating as a standalone company, Hospitality Solutions aims to deliver more focused, agile innovation in hotel software and services. The moves position Hospitality Solutions to deepen its presence in core functions like distribution, operations, retailing, and guest experience.
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This integration gives hoteliers using Saltoâs advanced access control system the ability to deliver a truly seamless, contactless guest journey through Mews Hospitality Cloud. âWith Salto smart access for hospitality compatibility, more properties can reduce the friction around arrival and check-in.
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Just a minutes walk from Ximen MRT Station, Sotetsu Grand Fresa Taipei Ximen offers a modern stay enriched with Japanese hospitality, right in the heart of bustling Taipei. “We needed a way to streamline communication between the front desk and guests because it takes up a lot of time,” says Jimmy Tang, RevenueManagementManager.
Let's be honest and take a real close look at how the Indian hospitality industry is evolving at breakneck speed. This comprehensive guide is your roadmap to success in India's thriving hospitality sector. " Remember that technology should enhance, not replace, the human element of hospitality.
Overbooking is a common problem in the hospitality industry, causing major issues for both – hoteliers and guests. Striking the perfect balance between fully booked rooms and avoiding overbooking can be a challenging task. This is why our guide discusses how to avoid overbooking in hotels.
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Dallas, USA – Brittain Resorts & Hotels (BRH), a leading full-service hospitalitymanagement 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.
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July 3, 2024— DerbySoft , specialists in high-performance distribution services, announced a new partnership with IDeaS , a SAS company, provider of hospitalityrevenuemanagement software and services, that strategically provides operational and revenue-enhancing benefits for hotels of all types.
Channel ManagerManaging multiple distribution channels, from Online Travel Agents (OTAs) to direct bookings, can be complex without the right tools. A channel manager automates this process, syncing room rates and availability across all platforms, reducing the risk of overbookings or pricing discrepancies.
Managing your hotel’s inventory efficiently can significantly impact your bottom line, guest satisfaction and overall operational effectiveness. On the other hand, poor inventory management can result in higher operational costs due to overbooking-related compensation, inefficient use of resources and lost revenue opportunities.
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.
The results are evident in boosted revenue and staff efficiency. Five decades of service Sunshine Hotels and Resorts is a Pattaya-based hospitality group with more than 50 years of experience in hotel management. However, both previous platforms disappointed the hospitality group with their technology.
STAAH helped streamline these challenges, revolutionising the hotel’s operations, enhancing the guest experience and making the property competitive in the ever-changing hospitality industry. Airways was looking for a recognised hospitality technology partner to alleviate its challenges. The results are clearly visible.” “We
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.
Nestled in the serene landscapes of Nakhon Pathom, just a stone’s throw away from bustling Bangkok, Neera Retreat stands as a beacon of modern hospitality. We had to navigate through the extranets of each channel, often leading to overbooking or missed revenue opportunities,” she explained.
Whether online or offline, behind every effortless booking experience is a fast, reliable, and fully integrated hospitalitymanagement system. The reservation system acts as the central hub of the reservation ecosystem, which may also include a website booking engine, channel manager, and revenuemanagement system.
It is crucial that hotels closely manage distribution of rates and inventory to prevent revenue loss, overbooking, or increased fees from third-party channels. Seasonality and diversification The hospitality industry is inherently seasonal, with demand fluctuating throughout the year. Online visibility leads to occupancy.
Hoteliers can also use a channel manager to seamlessly connect with popular OTAs such as booking.com, Expedia, AirB&B, etc. Integrated platforms help increase the hotel’s visibility, maximize occupancy, and decrease overbookings. A RevenueManagement System can simplify distribution and increase conversion.
Revenue optimization vs revenuemanagement In terms of definition and practice, there is a difference between revenue optimization and revenuemanagement. Table of contents Why is hotel revenue optimization important? There’s a full range of advantages for hotels and hospitality businesses.
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It serves as a centralized control hub, enabling hoteliers to effortlessly manage and optimize their room inventory, rates, and availability across various online booking channels. There are many channel managers on the market. Some are suited to small properties while others are robust enough to handle even large chains.
Competitive Advantage: In the highly competitive hospitality industry, implementing seasonal pricing provides hotels with a competitive edge. During peak seasons, when rooms are in high demand, higher rates can help control the rate of bookings, preventing overbooking scenarios.
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