Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Why is Revenue Management Imperative for Resorts?

Revenue Management 52

Revenue Management Revenue Resorts Management 52

Hotel Business

SEPTEMBER 15, 2023

Eister There are many myths about revenue management, but there are five we hear most often. Myth #1: Revenue management is only essential when business is booming. Revenue management is a fundamental part of business, especially in such a dynamic industry as hospitality. By Craig V.

Revenue Management 64

Revenue Management Revenue Management Forecasting 64

Hotel Speak

JUNE 22, 2023

Singapore, 22/06/2023: Hotelogix, a globally leading cloud-based hospitality technology provider , has partnered with BookingWhizz, a CRM customised for the hospitality industry. With this seamless and end-to-end integration, Hotelogix aims to help hotels efficiently upsell and increase direct bookings for more revenue.

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Upsell Revenue Hotels Online Marketing 59

STAAH

APRIL 9, 2024

All employees are revenue management ambassadors for their organisations. Everyone contributes to the revenue success of a business in both direct and non-direct ways. The impact of operational performance on revenue cannot be overlooked.

Revenue 93

Revenue Operations Revenue Management Upsell 93

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The hospitality industry has been notoriously slow to innovate, relying on outdated, siloed systems that make running day-to-day operations a struggle.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. Upselling tools. Today’s reality embraces: A unified platform. Smart door locks. Room controls.

Upsell 52

Upsell Revenue Management Operations Revenue 52

Amadeus Hospitality

JUNE 9, 2023

The final week of June, 2023 will be an exciting one in the hospitality industry as two important events occur simultaneously: the Hospitality Industry Technology Exposition and Conference, or HITEC , and AHLA’s brand new, industry-wide hospitality event, The Hospitality Show. Schedule a meeting with us at HITEC here.

Travel 98

Travel Hospitality Events Operations 98

Hotel Business

MARCH 5, 2024

Travel sellers have access to enhanced data sharing and revenue management, while hotels benefit from enhanced customer experiences. Mirja Sickel, VP, hospitality distribution, Amadeus, said, “The key concept behind the launch of Amadeus Leisure Connect is ‘hotel selling made simple’.

Travel 72

Travel Upsell Revenue Revenue Management 72

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

NOVEMBER 15, 2022

Modern travellers are redefining what hospitality looks like in 2023 and beyond. Kids and multi-generational travel hold a strong place in the future of hospitality. Upselling & cross-selling is a great ways to drive up incremental revenue is also on the rise by smart hoteliers. Goodbye bland travel experiences.

Hospitality 84

Hospitality OTA Travel Upsell 84

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. of guests added an upgrade to their reservation while checking in, with an average upsell value of $48. ” 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

Hotel Business

MAY 11, 2023

Oracle has revealed plans to bring its Oracle Hospitality OPERA Cloud Property Management System (PMS) to 2,000 additional hotels under the Wyndham Hotels & Resort s portfolio by the end of next year. ” The post Oracle to bring OPERA Cloud to 2K Wyndham hotels appeared first on hotelbusiness.com.

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Revenue Management Scale Upsell General Manager 52

Hotel Speak

JANUARY 25, 2024

Mews , the industry-leading hospitality cloud, today released the Mews Data Dive , a real-time measure of hospitality’s performance in 2023. While parking spots and meeting rooms have played a huge role in this, 2024 will be the year that more hoteliers revolutionize revenue management.

Average Daily Rate 76

Average Daily Rate Revenue Travel Upsell 76

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

eZee Absolute

MAY 7, 2024

In the ever-competitive world of hospitality, staying ahead can be a real challenge. But hotel revenue management can be your secret wand. Revenue management is about more than just the right pricing. It’s about knowing what guests need, predicting bookings, and adjusting rates to make more revenue.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

Hotelier Magazine

JANUARY 24, 2024

Even in the context of hospitality, we say “customer” instead of “guest” because one of the key roles of a CRM is to connect all the different profit centres on-premises via APIs [application programming interface] into unified customer profiles,” says Adam Mogelonsky, partner, Hotel Mogel Consulting Limited. “Not

Business 59

Business Hospitality Email Marketing Management 59

Amadeus Hospitality

MARCH 5, 2024

Travel sellers enjoy enhanced data sharing and revenue management, while hotels benefit from enhanced customer experiences. The Amadeus Leisure Connect launch partners value the solution for its scalability, speed to market, and exclusive deals, which help both hoteliers and travel sellers meet customer demand and optimize revenue.

Revenue 59

Revenue Upsell Travel Hotels 59

Catala Consulting

DECEMBER 28, 2023

In the hospitality industry, hoteliers are constantly seeking innovative strategies to enhance guest satisfaction, optimize operations, and boost revenue. In recent years, the hospitality industry has seen rapid changes in guest expectations, largely driven by technological advancements and changing consumer values.

Management 52

Management Revenue Management Revenue 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

STAAH

JANUARY 16, 2024

In this blog, we share some simple tactics and ideas that can boost your hotel’s revenue. There is no set formula to increase a hotel’s revenue, it can be achieved by creating a good promotion plan, tapping into sources of ancillary revenue , upselling and other marketing strategies. Optimise ancillary revenue.

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Revenue Ancillary Revenue Revenue Management Hotels 84

STAAH

DECEMBER 12, 2023

Here are 8 smart pricing strategies for hotels to boost revenue and drive more bookings during the holiday season The holiday season marks a period of increased travel, festive cheer, and heightened demand in the hospitality industry.

Target Marketing 78

Target Marketing Cancellation Forecasting Revenue 78

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

Cloudbeds

APRIL 8, 2024

It can be customized to fit your brand, cater to international audiences with multi-language and currency options, and offer add-ons or upsells to help you increase revenue. Upsells and add-ons. With the Cloudbeds Booking Engine, your PMS and Channel Manager are automatically updated to prevent overbookings.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

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. Upselling could be as simple as suggesting a room with a better view or offering a spa package.

Management 52

Management Business Upsell Marketing Strategy 52

gcommerce

JANUARY 29, 2024

Audience targeting techniques Metasearch management provides marketers with audience tools that will be more familiar to them than to revenue managers. First-Party vs Third-Party data GCommerce was the first lonely voice in the hospitality industry proclaiming the coming extinction of third-party data.

Market 52

Market Marketing Hotels Upsell 52

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

Amadeus Hospitality

AUGUST 24, 2023

Originally published to Amadeus Insights By: Peter Waters, EVP Hotel Solutions, Hospitality, Amadeus Amadeus is passionate about travel and we know our partners are too. Our new report, Catalysts for Change: Building the Hospitality Ecosystem of the Future finds that travel is on the upswing.

Travel 52

Travel Average Daily Rate Marketing Strategy 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.   Boost revenue: Make the best use of an upselling/cross-selling strategy.

Operations 52

Operations OTA Hotels Revenue 52

Cloudbeds

MARCH 3, 2023

A POS system lets you quickly process and record transactions across your property to improve the guest experience, streamline operations , and conduct better revenue management. POS software plays an essential role in the hospitality industry, and the global POS software market is predicted to reach $19.56 billion USD by 2028.

Sales 98

Sales Hotels Revenue Revenue Management 98

Cloudbeds

MARCH 23, 2023

Travel sites like Airbnb and VRBO create similar expectations in the hospitality industry by allowing travelers to browse destinations and accommodations, peruse photos, descriptions, and amenities, make a reservation, and process payment , all with just a few clicks. See how Optimize for website conversions.

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OTA Digital Marketing Travel Hotels 98

Cloudbeds

JUNE 26, 2023

One of the biggest challenges in the hospitality industry today is technology integration. Lodging businesses can purchase the most sophisticated property management system (PMS) in the world, but if it doesn’t communicate with other core software programs, it can’t operate at its fullest capacity. And where is all this heading?

Operations 52

Operations Revenue Management Revenue Digital Marketing 52

Hotel Operations

JULY 21, 2023

Now we’re going through a Darwinian phase where it’s going to be the survival of the fittest,” said Gilda Perez-Alvarado, Global CEO at JLL Hotels & Hospitality at this year’s NYU Hospitality Investment Conference. Before that, we never had any sort of rate yielding or revenue management,” he told me. “We

Resorts 52

Resorts Revenue Revenue Management Business 52

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

Hotelier Magazine

MAY 4, 2023

That said, the industry as a whole still shows some resistance to digital acceleration, so one of the key factors in designing high-tech for a low-tech industry such as hospitality is making sure it’s intuitive and easy-to-use. With the walking time eliminated, the server can now focus on guest satisfaction and upselling.

Operations 105

Operations Hotels Services Upsell 105

Hotel Speak

MAY 9, 2023

Clearly, cost control is an important aspect of the hotel and hospitality management industry that enables hotels to gain a competitive edge over their competitors. Upselling and cross-selling: track guest preferences and booking history, allowing hotels to offer personalised upsell and cross-sell offers.

Upsell 59

Upsell Hotels Revenue Operations 59

AskSuite

MARCH 11, 2024

Customer service is the heart of the hospitality industry. In this article, we explain: How to provide excellent customer service in the hospitality industry. In this article, we explain: How to provide excellent customer service in the hospitality industry. The multichannel customer service challenge is not easy to overcome.

Services 98

Services Hotels Travel Revenue 98

Cloudbeds

MARCH 15, 2023

Benefits: A one-on-one relationship with guests that improves the user experience More opportunities for upsells before arrival No commissions paid to third-party OTAs or other marketplaces means more revenue and profits Loyalty bookings can lower overall costs by increasing the lifetime value of each guest.

OTA 98

OTA Revenue Hotels Travel 98