SiteMinder

JANUARY 8, 2024

What is hotel management? Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Even if you don’t have the luxury of hiring a full team of staff, it’s not impossible to run a successful small hotel business.

Operations 52

Operations Management OTA Hotels 52

SiteMinder

JUNE 26, 2024

Revenue optimization in hotels is a comprehensive strategy that accounts for all revenue streams and uses data to enhance the overall revenue performance of the business. It’s a holistic process that hotels can use to effectively manage pricing, inventory, distribution, customer demand, and more to promote revenue growth.

Revenue 72

Revenue Revenue Management Upsell Global Distribution System 72

SiteMinder

SEPTEMBER 10, 2024

CPOR is a crucial metric in the hotel industry that helps measure the efficiency and profitability of a hotel’s operations. In housekeeping, cost per occupied room has a similar meaning as it does for a hotel generally. It is used to measure the efficiency and cost-effectiveness of housekeeping operations.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

Little Hotelier

NOVEMBER 20, 2023

What is a hotel CRM? A hotel CRM is a customer relationship management system, which helps hotels manage their relationships with guests. Hotel CRM software can be an effective tool for improving your hotel’s reputation, revenue, and efficiency. Let’s look at some of the best options available to your hotel.

Upsell 59

Upsell Hotels Occupancy Revenue 59

SiteMinder

JUNE 12, 2024

For hotels, the ultimate aim of yield management is to increase revenue by leveraging the balance between supply (available rooms) and demand (guest bookings). By understanding and anticipating guest behaviour and market dynamics, hotels can optimise their pricing strategies to boost their bottom line.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

SiteMinder

SEPTEMBER 6, 2023

While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. However, they do require a level of agility and real-time responsiveness from the hotel’s end to ensure a seamless guest experience. This adds a layer of reliability to your occupancy rates.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

Fuel Travel

JULY 11, 2024

Hotel booking software , also known as hotel reservation software, is any technology that enables hoteliers to accept direct bookings through their website and other direct distribution channels. It is an external interface where guests schedule their stay, choose rooms, and make payments, without contacting the hotel directly.

Upsell 52

Upsell Overbooking Hotels OTA 52

SiteMinder

JUNE 6, 2024

For instance, Diego De Ponga, Corporate Director of Revenue Management at Palladium Hotel Group, believes the classic definition of revenue management is unrealistic in today’s market, where selling inventory demands more flexibility. “I They would sell the same price to everyone and assume that 100% occupancy was the ultimate goal.

Revenue Management 98

Revenue Management Revenue Management Accommodation 98

Amadeus Hospitality

MAY 16, 2024

Several key themes emerged from the research, including a primary focus of investment on ‘improving operational efficiencies during times of high occupancy’ (43%). Of the respondents to the survey, 92% are the final decision-makers on IT spend for their hotel or group.

Upsell 130

Upsell Hospitality Revenue Travel 130

STAAH

APRIL 23, 2024

Let’s delve into some of the key trends shaping the future of revenue management in the hotel industry: 1. Hoteliers are increasingly turning to sophisticated software solutions to streamline their operations and gain a competitive edge.

Revenue Management 93

Revenue Management Revenue Ancillary Revenue Management 93

Hotel Business

MAY 16, 2024

Several key themes emerged from the research, including a primary focus of investment on “improving operational efficiencies during times of high occupancy (43%).” The findings are the result of a survey of global senior hospitality leaders representing a diverse range of properties and management groups.

Upsell 72

Upsell Occupancy Revenue Travel 72

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. The data is another proof point that occupancy levels have more than stabilized, making for a meaningful rise in RevPAR for our customers,” said Matt Welle, Mews CEO. For the U.S.

Average Daily Rate 79

Average Daily Rate Revenue Travel Upsell 79

SiteMinder

SEPTEMBER 6, 2023

The online hotel booking process is how guests book and pay for a stay at your hotel. This process is made possible by your hotel’s website, open 24/7 to greet potential guests and turn their interest into confirmed stays. Table of contents Why is an online booking process important for hotels?

Hotels 98

Hotels Revenue Occupancy Services 98

Hotel Speak

JULY 24, 2024

Hotel distribution has always been a critical aspect of the hospitality industry. Effective hotel distribution strategies enable hotels to target the right audience, optimise occupancy rates, and enhance revenue management. We look at where hotels can review distribution strategies to maximise market potential.

OTA 74

OTA Hotels Revenue Revenue Management 74

Cloudbeds

OCTOBER 21, 2024

While adoption has been slower, we’re starting to see the power behind causal AI emerge for hotels. There are three areas of a hotel’s operations where causal AI is particularly promising. For their analysis, hotels typically use demand signals like seasonality, occupancy rates, and competitors’ prices.

Hospitality 40

Hospitality Revenue Revenue Management Hotels 40

Little Hotelier

NOVEMBER 6, 2023

What is hotel revenue optimisation? As a small, independent hotelier you may have heard the terms hotel revenue optimisation and hotel revenue management. They get to the heart of what a hotel business is, and are critical to understand if you are to succeed in a competitive market. So what is revenue optimisation?

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

Cloudbeds

SEPTEMBER 3, 2024

This article explores the benefits of BNPL and how hotels can get started. What is BNPL for hotels? Widely considered one of the fastest-growing e-commerce payment methods, buy now, pay later offers guests the convenience and ease of paying for their hotel stay in installments. How does this translate for your property?

Hotels 52

Hotels Travel Revenue Occupancy 52

Hotelier Magazine

MAY 4, 2023

Similar but different, workcations came to the limelight during the pandemic to describe those knowledge workers who can get their projects done remotely, oftentimes eschewing the home desk for a change of scenery at a nearby hotel. These trends are reaching the mainstay at the exact moment that hotels need more guests.

Revenue 59

Revenue Upsell Occupancy Business 59

STAAH

JANUARY 16, 2024

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. Ancillary services such as restaurants, spa treatments, meetings and event spaces can generate more profit for your hotel.

Revenue 89

Revenue Ancillary Revenue Revenue Management Hotels 89

eZee Absolute

SEPTEMBER 26, 2024

No-shows are a recurring challenge in the hospitality industry, but with the right strategies, hotels and resorts can minimize their impact and maximize revenue. In this blog, we’ll explore the concept of no-shows in hotels, their impact on revenue and operations, and discuss effective policies to mitigate their effects.

Cancellation 52

Cancellation Hotels Revenue OTA 52

Cloudbeds

FEBRUARY 16, 2024

A customer relationship management (CRM) system can be a fantastic tool to take your hotel marketing strategy to the next level. With CRM, hotels can gather and store guest data to ultimately save time, streamline operations , and build customer loyalty. What is a hotel CRM? Improved customer satisfaction.

Sales 52

Sales Upsell Hotels Marketing 52

AskSuite

JULY 20, 2023

The success of a hotel hinges on more than just its architecture and impeccable service, it’s about managing all moving pieces efficiently. Hotel management can be quite complex, picture the everyday hustle, ensuring each room looks spotless, managing bookings, creating new revenue opportunities….

Management 52

Management Business Upsell Marketing Strategy 52

Amadeus Hospitality

MARCH 27, 2023

Originally published in PhocusWire Global hotel demand is off to a strong start in 2023, with Q1 outperforming hotel occupancy figures for the same months in 2022, according to Amadeus’ Demand360 ® data as of March 12, 2023. Hotel managers that think outside the box will have a lot to offer this traveler segment.

Travel 75

Travel Hotels Occupancy Display Ads 75

SiteMinder

FEBRUARY 29, 2024

This training covers a wide range of areas including customer service, communication, problem-solving, and operational management. Table of contents Why hospitality training is important Hospitality training is important to any kind of hotel, large or small. What are the objectives of hospitality training?

Hospitality 52

Hospitality Services Hotels Events 52

Cloudbeds

APRIL 8, 2024

Are you wondering whether you need a hotel booking engine? Many hoteliers question if it’s worthwhile investing in a direct booking strategy or if they can solely rely on online travel agencies (OTAs) like Airbnb, Booking.com, or Trip.com to fill occupancy. Upsells and add-ons. What is a booking engine? First impressions matter.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

Catala Consulting

DECEMBER 28, 2023

In the hospitality industry, hoteliers are constantly seeking innovative strategies to enhance guest satisfaction, optimize operations, and boost revenue. To meet these evolving demands, hoteliers must adopt an innovative mindset, continuously seeking new ways to delight guests, improve operations and increase hotel performance.

Management 52

Management Revenue Management Revenue Hotels 52

Little Hotelier

FEBRUARY 25, 2024

In terms of hotel revenue management consulting, this guidance usually takes the form of more effective pricing – identifying and setting room rates that are alluring to your target market and result in more bookings, while maximising the amount you earn from each booking. Offers direct booking support for hotels and hospitality businesses.

Revenue Management 52

Revenue Management Revenue Services Management 52

Xotels

APRIL 3, 2024

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. Why is Revenue Management Important to Hotels & Other Industries? What Makes Hotels Suitable to Apply Revenue Management?

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Q4Launch

FEBRUARY 3, 2022

Maybe you just started thinking about where you’d want to go, or perhaps you bought your plane ticket and booked your hotel. Knowing the stages of the guest life cycle in hotels and how to target potential guests at each step of the vacation-planning process is a crucial aspect of running a successful marketing campaign.

Marketing Strategy 52

Marketing Strategy Upsell Occupancy Hotels 52

Cloudbeds

JUNE 5, 2024

There used to be a time when hotel revenue managers simply had to look at predicted demand and keep an eye on competitors’ rates to optimize pricing. When travelers booked a hotel room, they had no way of knowing the quality of the guest experience unless they had stayed at the hotel before or knew someone who had.

Revenue Management 52

Revenue Management Revenue Occupancy Average Daily Rate 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. In addition, global hotel average daily rates (ADR) are already above pre-pandemic levels. But the hospitality industry of 2023 is not that of 2019.

Travel 52

Travel Average Daily Rate Marketing Strategy Sales 52

eZee Absolute

SEPTEMBER 5, 2024

Your guests are excited to book their stay at your hotel, but instead of coming directly to you, they’re funnelling their money over to third-party booking sites, leaving you with a hefty commission bill. Features That Get More Direct Bookings for Hotels 1. Responsive Design In a mobile-first world, a responsive design is a must.

Upsell 52

Upsell Revenue Services Occupancy 52

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. This article explores the top trends in hotel revenue management, yield management, and revenue management in the UK, offering insights and strategies for hotel professionals.

Revenue Management 52

Revenue Management Revenue Management Market 52

Inn Quest

JUNE 8, 2023

Artificial intelligence (AI) is seamlessly integrating into hospitality experiences, redefining our expectations – from chatbots providing instant customer support to predictive analytics optimizing hotel operations. To learn about the benefits of yield management in the hotel industry, read this.

Hospitality 54

Hospitality Services Upsell Operations 54

Cloudbeds

SEPTEMBER 18, 2024

Data analytics is the cornerstone of successful hotel operations. Unfortunately, many hotels face data silos and are unable to piece together actionable insights. That’s where hotel software comes into play. What is data analytics? Here are just a few areas to focus on: 1.

Operations 40

Operations Revenue Management Occupancy Revenue 40

Clock Software Hospitality

NOVEMBER 3, 2020

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. The channel manager will actively apply all changes made to your inventory across all distribution channels.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

eZee Absolute

AUGUST 31, 2022

Not to mention, it is also a great opportunity for hotels to attract guests during diwali boost their business significantly. How Can Hotels Prepare for Diwali? Have a strong hotel technology stack. A Little Something for International Hotels. Meaning, hotels must create strategies the right way to reap maximum benefits.

Hotels 52

Hotels Events Marketing Market 52