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

Inn Quest

SEPTEMBER 5, 2023

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.

Management 87

Management Overbooking Revenue Hotels 87

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

STAAH

MARCH 31, 2024

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.

Resorts 89

Resorts Overbooking Hotels Revenue 89

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

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

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

Clock Software Hospitality

NOVEMBER 3, 2020

Presenting excellence is the goal of hospitality. Throughout the years this has led to countless innovations in the industry, culminating with the adoption of hotel property management systems (PMS) which now act as the centre of a hotel’s daily operations.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

Hotel Business

MARCH 14, 2024

As the hospitality industry migrates to a digital environment, embedded payment technology—or integrating payment processing capabilities directly into various devices or systems, such as the PMS, mobile apps or self-service kiosks—will enable seamless and convenient payment experiences for guests.

Overbooking 59

Overbooking Revenue Upsell Forecasting 59

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

Inn Quest

AUGUST 8, 2023

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.

Overbooking 88

Overbooking Hotels Occupancy Revenue 88

Inn Quest

OCTOBER 3, 2023

The hospitality industry is a highly dynamic field, and hotels are constantly looking for ways to improve the client experience and streamline their processes. This ensures that guests are always presented with accurate information, reducing the likelihood of overbooking or reservation errors.

Hotels 88

Hotels Overbooking Marketing Strategy Revenue Management 88

Inn Quest

FEBRUARY 1, 2023

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 Revenue Management System can simplify distribution and increase conversion.

Management 88

Management Consumer Hotels Overbooking 88

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 one tool that helps hotels to maximize revenue by selling rooms at the right price to the right customers.

Yield Management 88

Yield Management Management Occupancy Revenue 88

SiteMinder

NOVEMBER 17, 2023

Set in an 18th-century Irish manor with all the trappings of an intimate castle, the four-star Abbey Hotel Roscommon invites guests to soak up its traditional welcoming old-world charm while enjoying legendary hospitality and service. With SiteMinder, a few clicks are enough to avoid overbooking.” One such tool is SiteMinder.

Overbooking 69

Overbooking Closing Hotels Revenue Management 69

Hotel Speak

JULY 4, 2023

It brought together leading hospitality technology providers, hoteliers, and industry experts to discuss cloud technology’s benefits. We used the opportunity to speak with local hoteliers to learn their opinions about different hospitality technology solutions. Look at today’s AI-powered revenue management tools.

Hotels 52

Hotels Revenue Management Revenue Occupancy 52

Hotelogix

MAY 16, 2024

In the highly competitive hospitality industry, where guest expectations are constantly evolving, staying ahead requires more than just meeting these expectations. It's about exceeding them while efficiently managing your operations. Configure and promote targeted packages/add-ons to attract guests, sell more, and earn more.

Operations 52

Operations OTA Hotels Revenue 52

Little Hotelier

MARCH 10, 2024

Hotel sales software is a specialised tool designed for the hospitality industry to manage and optimise sales activities. It centralises information on bookings, customer interactions, and revenue streams, allowing hoteliers to efficiently track performance and make informed decisions. What is hotel sales software?

Hotel Sales 52

Hotel Sales Sales Revenue Management Revenue 52

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. The revenue management system (RMS). Busy Rooms.

Revenue Management 52

Revenue Management Occupancy Revenue Hotels 52

STAAH

OCTOBER 3, 2023

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.

Accommodation 80

Accommodation Management Global Distribution System OTA 80

Hotelogix

FEBRUARY 13, 2024

  Online distribution Managing online distribution across various channels (OTAs, direct bookings, GDS) without an integrated system is arduous in today's digital age. Plus, it leads to complexities such as rate parity/inventory disparity, overbookings, and guest dissatisfaction. 

Management 59

Management Hotels Revenue Management Occupancy 59

Cloudbeds

JUNE 8, 2023

As the hospitality industry becomes more complex, the role of technology to help streamline operations and automate processes becomes increasingly important. According to the Bureau of Labor Statistics Job Openings and Labor Turnover report , the hospitality industry has the highest turnover rate of any sector at 86.3%.

Management 98

Management Hotels Revenue Digital Marketing 98

Cloudbeds

APRIL 8, 2024

Bernardo Thierstein, General Manager at The ZERO Box Lodge Porto, knew they needed a hospitality platform and booking engine that was easy to use and provided the freedom to experiment with rate plans and promotions to drive more direct bookings. If you rely too heavily on OTAs, you risk giving away your profit in commissions.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

Cloudbeds

JULY 15, 2023

For growing hospitality businesses, a channel manager is a fundamental part of successful revenue management and distribution strategy. In this guide for hospitality professionals, you’ll learn all about Channel Managers, from how they work to what makes great software for your business specifically.

Management 76

Management OTA Cancellation Overbooking 76

SiteMinder

NOVEMBER 30, 2023

Travel technology comprises digital tools and platforms aimed at streamlining operations and enhancing guest experiences in the travel and hospitality sectors. It encompasses advanced booking engines, property management systems, customer relationship management (CRM) software, AI-driven chatbots, and more.

Travel 52

Travel Hotels Services OTA 52

AskSuite

JULY 20, 2023

In this article, you’ll discover how understanding each sector from an operational and revenue standpoint can aid hotel owners and managers in setting up holistic management that might just avert trouble. Manage reservations via technology Today’s travelers expect to book a hotel with just a few clicks.

Management 52

Management Business Upsell Marketing Strategy 52

Hotelogix

NOVEMBER 30, 2023

  Know your competitors The highly competitive hospitality industry is a market where various hotels target the same set of customers on the same OTA. This will ensure real-time rate and inventory updates across all OTAs to avoid overbookings and loss of business opportunities.

OTA 59

OTA Hotels Online Sales Market 59

SiteMinder

OCTOBER 11, 2022

Cloud-based PMS solutions are a superior way to automate and accelerate all the important processes at your hotel including; Taking and confirming bookings, Managing reservations, Generating bills and reports, Check-in/out, Room transfers, Checking/editing availability, Guest communication. Revenue management. Increase bookings.

Hotels 52

Hotels Management Revenue Management Revenue 52

SiteMinder

MARCH 20, 2024

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.

Revenue 98

Revenue Branding Overbooking Operations 98

Hotel Operations

FEBRUARY 12, 2023

1: Organizational structure “Traditional hospitality industry has a very hierarchical approach. Its values are clashing with the hierarchical approach the traditional hospitality industry has. In hospitality, we’re creating revenue and an ROI per square meter for the property owner. It’s so outdated.

Operations 52

Operations Real Estate Hotels Revenue 52

STAAH

MAY 7, 2023

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

Overbooking 77

Overbooking General Manager Revenue Hotels 77

Hotelogix

OCTOBER 19, 2023

We are talking about the Hotel Property Management System, also called the Hotel PMS System. It is THE MOST critical piece of hospitality technology solution that automates daily operations, saves time, reduces errors, and improves staff productivity. It improves a hotel's online visibility and sales while eliminating overbooking. 

Hotels 52

Hotels Revenue OTA Management 52

SiteMinder

DECEMBER 7, 2023

Overpriced rooms deter potential guests, while underpricing leads to revenue loss. Adaptability to market conditions : The hospitality market is fluid, influenced by various external factors like local events, economic shifts, and even weather patterns. Finding that pricing sweet spot is key to keeping rooms filled throughout the year.

Management 59

Management Average Daily Rate Occupancy Revenue 59