Hotel Business

APRIL 18, 2023

Cloud-based hospitality platform HotelKey has partnered with OTA Insight to give hotels access to rate data and actionable insights to make more effective pricing decisions. The strategic partnership introduces new API capabilities, including OTA Insight’s data API, drawing on a daily stream of 2 billion rate data points.

OTA 52

OTA Revenue Hospitality Operations 52

Hotel Speak

FEBRUARY 1, 2024

The annual Duetto Revenue Management Trends & Predictions Survey results are in! After weeks of polling hoteliers from around the world, we can now deep-dive into the results and see what trends and predictions hotel teams are looking at for 2024. are currently using a revenue management system (RMS), up from 82.3%

Revenue Management 99

Revenue Management Revenue Management Forecasting 99

Hotelogix

MAY 16, 2024

It's about exceeding them while efficiently managing your operations. This can be daunting, but leveraging the right technology can transform your hotel into a streamlined, guest-centric, and profitable establishment. Top 5 Tips on How to Improve Efficiency in Hotels  1.

Operations 52

Operations OTA Hotels Revenue 52

Hotelogix

JULY 11, 2024

As an independent hotel owner, you understand the challenges of driving revenue in a competitive market. From setting the right prices to attracting the right guests, every decision you make impacts your hotel's bottom line.   What is Revenue Management in Hotels?

Revenue Management 52

Revenue Management Revenue Management Hotels 52

SiteMinder

SEPTEMBER 4, 2023

Chatrium Hotels & Residences is a Thai hotel group born from a passion to distinctively mark the next chapter in the Asian hospitality experience. With eight hotels across the portfolio, guests throughout Thailand will have everything they need. Pawarisa said the key to this is creating authentic connections. “We

Operations 98

Operations Revenue Hotels OTA 98

SiteMinder

APRIL 1, 2024

Wonderstone Glacier , a boutique hotel nestled 20 miles from Glacier National Park in Colombia Falls, Montana, prides itself on offering a unique guest experience amidst breathtaking natural surroundings. The hotel aimed to connect with a wider array of OTA platforms, including smaller players, to maximise its visibility and bookings.

Operations 52

Operations OTA Revenue General Manager 52

Hotelogix

AUGUST 6, 2024

Moving from merely managing hotel revenue to maximizing profit is a critical transformation that ensures your property's long-term success. Here's a detailed guide on transforming your hotel's revenue management to focus on profit maximization. Read Also: What is Dynamic Pricing in Hotels?

Revenue 52

Revenue Management Upsell Target Marketing 52

STAAH

MAY 22, 2024

Revenue management solutions are indispensable tools for hotels seeking to optimize their RevPAR (Revenue per Available Room). By leveraging advanced algorithms and data analytics, these solutions enable hotels to strategically adjust pricing and inventory to maximize revenue.

Revenue 82

Revenue Revenue Management Management Market 82

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 59

Operations Management OTA Hotels 59

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

STAAH

APRIL 16, 2024

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). To help you navigate this decision-making process, let’s explore the essential features to consider when selecting an RMS for your hotel.

Revenue Management 83

Revenue Management Revenue Management Forecasting 83

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. Everything will be explained from the fundamentals of revenue management to more advanced practices and strategies.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

STAAH

JANUARY 28, 2024

Looking for better support and a more intuitive channel management solution, Philippines’ J7 Group of Hotels switched to STAAH. Located in the business and commercial centre of Iloilo city, Philippines, the J7 Group of Hotels (J7 Plaza Hotel and J7 Premier Hotel) gives guests easy access to shopping, food and basic needs.

Revenue 89

Revenue Revenue Management Hotels Services 89

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.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

STAAH

AUGUST 13, 2023

Pricing intelligence and revenue management software provider, RatePing Hotel Pricing Intelligence and leading hospitality guest acquisition platform, STAAH have enhanced their long-standing partnership to cover the former’s Price Intelligence and Revenue Boost capabilities.

Revenue 82

Revenue Revenue Management Hotels Resorts 82

SiteMinder

AUGUST 11, 2024

It’s hard to imagine revenue management before the advent of hotel software and systems. Thanks to these solutions, today’s revenue manager can produce forecasts, distribute inventory and adjust rates with speed – a stark contrast to the manual and long drawn-out processes that defined the practice in the past.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Hotelogix

DECEMBER 25, 2023

A Hotel Property Management System (Hotel PMS System) is a solution that streamlines and automates the daily operations of a hotel. Hotel PMS System, or hotel management software, is crucial for generating more revenue. It should be your very first step towards achieving your revenue goals.

Revenue 59

Revenue Sales Shopping Hotels 59

SiteMinder

AUGUST 29, 2023

What are hotel costs? For hoteliers, hotel costs encompass everything from the cost of construction, to the cost of insurance, to the everyday operational costs of establishing, running and ultimately growing a hotel business. Hotel construction costs The foundation of any hotel begins with its construction.

Revenue 52

Revenue Hotels OTA Operations 52

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

Hotel Business

NOVEMBER 13, 2023

By Steve Green Can the industry aim higher when capturing revenue from individual travelers? To do so, revenue managers may need to get comfortable with a “revenue maximizer” mindset. Shifting to accommodate this mindset is the cornerstone of success in tomorrow’s revenue management landscape. Who are the maximizers?

Revenue 59

Revenue Revenue Management Average Daily Rate OTA 59

Hotelogix

OCTOBER 17, 2024

Running a hotel isn't just about providing a great guest experience; it's also about understanding the numbers behind your operations. Key Performance Indicators (KPIs) play a crucial role in this process, acting as essential tools that can help hotel managers and owners gain insights into their property's performance.

Average Daily Rate 52

Average Daily Rate KPI Occupancy Revenue 52

SiteMinder

DECEMBER 12, 2023

Nestled on a serene 17-hectare peninsula bordering the idyllic Tuyen Lam Lake, a mere six kilometres from the heart of Dalat City, T erracotta Hotel & Resort is a harmonious blend of modern architectural elegance and the enchanting ambiance of pine forests and misty mountains.

Resorts 105

Resorts OTA Overbooking Hotels 105

eZee Absolute

MARCH 19, 2024

Traditionally, hotels primarily focused on accommodating guests for overnight or extended stays, considering them the most common and profitable booking options. However, with changing consumer behaviour and preferences, a notable trend has emerged in the hospitality industry: the rise of micro-stay in hotels.

Revenue 52

Revenue Consumer Accommodation Hotels 52

SiteMinder

AUGUST 29, 2023

What is ancillary revenue? Ancillary revenue is when you earn income from additional services or products offered at your hotel. By offering these added touches, you’re not just boosting your revenue; you’re creating memorable experiences that make your hotel stand out. It’s a virtuous cycle.

Ancillary Revenue 52

Ancillary Revenue Revenue Hotels Services 52

SiteMinder

OCTOBER 29, 2024

Tourplan is a comprehensive hotel software solution that simplifies itinerary planning, booking management, and communication between hotels and tour operators. For hotel groups like yours, Tourplan is an essential tool to ensure smooth operations across all your properties.

Operations 52

Operations Revenue Hotels Management 52

Hotelogix

SEPTEMBER 19, 2024

Understanding the difference between online booking and travel agency services is crucial for hotel owners and managers looking to optimize their revenue streams. Travel Agency: While agents can manage bookings for clients, they often operate within set hours and may require more time for changes.

Travel 52

Travel OTA Target Marketing Occupancy 52

Cloudbeds

FEBRUARY 15, 2023

Striking a balance: controlling hotel operating costs while upholding guest satisfaction Keeping hotel operating expenses under control is essential to running a successful property. In the ideal scenario, property expenses would be perfectly aligned with total revenue, leaving a tidy profit for hotel owners.

Operations 52

Operations Occupancy Revenue Hotels 52

Hotelogix

OCTOBER 17, 2024

Apart from offering great ease to the guests, they provide valuable operational and financial benefits to the hoteliers. They minimize overbookings, streamline the reservation process, and drive revenue. The manual process increases operational overheads and also diverts staff from performing other critical tasks.

Upsell 52

Upsell Revenue Hotels Overbooking 52

Xotels

MAY 30, 2024

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. I have been in hotel revenue management consulting since 2006, and it is a question that keeps coming back. How can I make more profit with my hotel?’ Article Summary: Which is it? Occupancy or ADR?

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

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

Hotel Business

SEPTEMBER 5, 2024

Independent hotel management company Life House has spun off its software business unit into a new independent business, Diamo. Whereas, Diamo will intensify its efforts in leveraging technology to make advanced revenue management strategies, along with high-return digital marketing tactics, accessible to independent lodging properties.

Revenue Management 59

Revenue Management Digital Marketing OTA Revenue 59

Hotel Speak

JUNE 4, 2024

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. I have been in hotel revenue management consulting since 2006, and it is a question that keeps coming back. How can I make more profit with my hotel?’ Basically, any cost related to selling rooms.

Revenue Management 47

Revenue Management Occupancy Revenue Average Daily Rate 47

eZee Absolute

OCTOBER 24, 2024

Here’s a deep dive into five transformative technologies that are reshaping hotel distribution. But before we get into the techie part, let’s understand what exactly hotel distribution is. Simply put, hotel distribution refers to the process by which hotels make their rooms, rates, and inventory available to potential guests.

Hotels 52

Hotels Revenue Management Overbooking Revenue 52

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

SiteMinder

JUNE 11, 2024

Brady Hotels & Apartments is an independent hotel group owned and operated out of Melbourne, Australia. With four locations in the heart of the city, Brady Hotels is characterised by its genuine service and authenticity. Our smart hotel platform helps you do exactly that.

Global Distribution System 98

Global Distribution System Revenue Hotels Operations 98

STAAH

MAY 30, 2023

In today’s digital age, effective hotel distribution and pricing strategies are crucial for maximizing revenue and staying competitive. This article highlights the non-negotiable elements that form the foundation of a profitable hotel distribution strategy.

OTA 87

OTA Hotels Revenue Travel 87

Little Hotelier

AUGUST 12, 2024

What is hotel efficiency? Hotel efficiency is the concept of doing more with less, to minimise costs and maximise profit in your hotel business. This hotel efficiency definition is perhaps a little too basic though, so let’s dig a little deeper into the question “what is efficiency in a hotel?”

Average Daily Rate 52

Average Daily Rate Revenue Occupancy Operations 52