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

Hotelogix

OCTOBER 17, 2024

They minimize overbookings, streamline the reservation process, and drive revenue. Save time with Online hotel booking systems  It is quite difficult for hotel staff to handle the room bookings manually over the phone as it requires significant staff hours and can cause errors.

Upsell 52

Upsell Revenue Hotels Overbooking 52

Little Hotelier

OCTOBER 30, 2024

What are hotel activities? Hotel guest activities are services offered by hotels to engage and entertain their guests, and to enhance the overall experience during their stay. these activities might take place at the hotel or be offered as off-site experiences. Learn more Why are guest activities important in hotels?

Upsell 52

Upsell Events Revenue Hotels 52

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

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

DECEMBER 12, 2022

Hotel management system provider RoomRaccoon has unveiled its annual global report, RoomRaccoon Report 2022, “A Year of Impact: What’s Next?” Hotels are generating better revenue. Revenue per available room (RevPAR) this year is up 46% compared to 2021. Memorable experiences outweigh rising inflation.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

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

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

Bookassist

MARCH 8, 2022

If the goal of hotels used to be to make guests feel at home, we all know now that those same guests have been home a little too much! In-room, in-hotel – you can even add experiences outside your hotel. Another hotel offering in-house events saw 20% of bookers add an event Add-on as part of their stay.

Upsell 52

Upsell Events Services OTA 52

STAAH

OCTOBER 18, 2022

If guests enjoy their stay at your hotel, they are more likely to return and refer your hotel to others, helping you attract even more guests. The guest experience focuses on the relationship between your hotel and its guests. These communications become a fantastic opportunity to upsell your services. Mobile friendly.

Revenue 88

Revenue Upsell OTA Overbooking 88

The Cosmos

JANUARY 23, 2023

Hotel revenue management is an important tool for hoteliers to use in order to maximize profits and remain competitive in a crowded industry, but it is a complex machine. This blog delves into hotel revenue management : what it is, how it works, and the critical role it plays in a hotel’s overall success.

Revenue Management 52

Revenue Management Revenue Business Management 52

SiteMinder

JUNE 12, 2024

Yield management is a pricing and revenue management strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. Over time, these roles matured and transformed, giving birth to the modern-day revenue or reservations managers.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

SiteMinder

OCTOBER 15, 2023

Booking channels are platforms by which your hotel can accept reservations online or offline. They can also be known as distribution channels and are crucial for ensuring your hotel maintains a healthy occupancy rate and revenue stream. Table of contents Why are online booking channels important for hotels?

Global Distribution System 59

Global Distribution System OTA Revenue Hotels 59

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

Amadeus Hospitality

APRIL 23, 2024

In order to maximize revenue across the business, hoteliers should focus their budget on elevating the guest experience using advanced reservations, distribution, marketing, and data services. Here are 5 signs a hotel tech stack is outdated, along with tips on which state-of-the-art solutions to consider instead. 4.

Upsell 52

Upsell Global Distribution System Hotels Shopping 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. Travelers crave experiences.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

STAAH

OCTOBER 24, 2023

In the dynamic world of hotel reservations, capitalizing on your website’s potential is vital for hoteliers. With 60% of visitors to Online Travel Agencies (OTAs) eventually checking out your website, the opportunity to secure commission-free direct bookings is substantial. Revenue Maximization: More bookings mean more revenue.

OTA 83

OTA Revenue Upsell Marketing 83

SiteMinder

SEPTEMBER 19, 2022

With so much to think about as a modern hotelier, including how to respond to growing customer needs while maximising revenue and efficiency, you need to find solutions that make running a property much easier. Hotel management apps are one way of both increasing performance at your business and generally making life easier.

Management 97

Management Upsell Hotels Revenue 97

SiteMinder

SEPTEMBER 6, 2023

What are hotel promotions? Hotel promotions are tailored offers aimed at attracting guests and enhancing bookings. Table of contents Why should hotels offer booking promotions? Not only that, but they may spread the word to other potential guests, earning your hotel powerful social proof. Valentine’s Day or Christmas).

Hotels 105

Hotels Events Upsell Occupancy 105

SiteMinder

OCTOBER 10, 2023

Discount pricing is a revenue management strategy where prices are lowered temporarily or for certain conditions to attract guests and boost occupancy rates. By offering discounted prices, hotels aim to increase demand, especially during off-peak periods, without compromising on profitability. OTAs OTAs are a double-edged sword.

Occupancy 59

Occupancy Events OTA Revenue 59

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

Hotelogix

MAY 16, 2024

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. Pro tip: Implement a Hotel PMS that is easy to use.

Operations 52

Operations OTA Hotels Revenue 52

SiteMinder

JULY 13, 2024

What is hotel revenue management? Hotel revenue management is the strategic distribution and pricing tactics used to sell perishable room inventory to the right guests at the right time in order to boost revenue growth. This can only be done by measuring and monitoring the demand of your hotel rooms.

Revenue Management 98

Revenue Management Revenue Management OTA 98

Cloudbeds

OCTOBER 21, 2024

Your revenue management system identifies that during the dates of the festival, there’s a spike in reservations and suggests that you increase room rates slightly during the festival period due to higher demand. While adoption has been slower, we’re starting to see the power behind causal AI emerge for hotels. Why the opposing views?

Hospitality 40

Hospitality Revenue Revenue Management Hotels 40

SiteMinder

MAY 10, 2022

Creating a website where travellers can reach you directly is a great step in generating extra revenue for your hotel. This is tied to the fact that a hotel is so much more than rooms and beds – in 2022 your hotel and everything in it is a product that can be made profitable. Table of contents. Responsiveness.

Revenue 52

Revenue Hotels OTA Travel 52

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. However, it isn’t just a matter of “more = better”.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

STAAH

AUGUST 29, 2023

Look into your PMS, hotel channel manager like STAAH MAX Channel Manager , booking engine like STAAH SwiftBook and website analytics for insights that can help piece together this information before being applied to external channels to attract them to your booking platform. Online Travel Agents OTAs are your billboards to acquire guests.

OTA 89

OTA Email Marketing Marketing Strategy Marketing 89

Amadeus Hospitality

SEPTEMBER 12, 2023

Using creative merchandising, the hotel can increase revenue opportunities by presenting new offers built with optimized pricing strategies such as percent off, flat fee, or one night free. Flexibility to configure taxes and policies also work to enhance the hotel’s revenue strategy.

Revenue 59

Revenue Upsell Hotels OTA 59

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

STAAH

JUNE 6, 2023

A hotel booking engine is a crucial tool for hotels and accommodation providers in today’s time. It plays a key role in the overall success of a hotel’s operations. To make this possible having a robust online booking system is really important to help you reach your revenue goals.

Cancellation 76

Cancellation OTA Global Distribution System Revenue 76

Little Hotelier

AUGUST 17, 2023

Discount pricing strategy comes in many forms, and a hotel also needs to consider how to promote discount pricing offers in order to reach the maximum number of relevant eyeballs. Encourage direct website bookings, sidestep OTA fees, enjoy greater freedom when developing your discount strategy. Discounts for guests who book direct.

Hotels 98

Hotels OTA Upsell Cancellation 98

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

SiteMinder

JULY 25, 2022

Average daily rate (ADR) remains an important metric to talk about within the hotel industry. This blog will provide a comprehensive guide to ADR, including why it’s so important and how your hotel can improve it. What is hotel ADR? Why is ADR important in the hotel industry? How to increase ADR in a hotel?

Average Daily Rate 52

Average Daily Rate Upsell Occupancy Revenue 52

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

Cloudbeds

SEPTEMBER 3, 2024

Whether you’re considering pay-later options as part of your payment offerings or exploring ways to drive more revenue at your property, you’ve come to the right place. This article explores the benefits of BNPL and how hotels can get started. What is BNPL for hotels? This means more revenue to invest back into your business.

Hotels 52

Hotels Travel Revenue Occupancy 52

Travelboom Marketing

SEPTEMBER 1, 2023

Hotels are experiencing a major shift in traveler behavior, including the most recent demands from guests. In the latest TravelBoom Leisure Travel Trends Study , we recognize the importance of loyalty programs for hotels. Guests are looking for the best hotel rewards program available. loyalty programs for hotels.

Hotels 52

Hotels Upsell Ancillary Revenue Travel 52

Cloudbeds

FEBRUARY 15, 2023

It seems like a simple metric most hotel managers would know off the top of their head, but it’s a bit more complicated. Also known as customer acquisition cost (CAC), guest acquisition cost is the average amount of money a hotel spends to entice travelers to make bookings. Each of these touchpoints can come with costs to your hotel.

OTA 52

OTA Cost Per Click Revenue Marketing 52