Hotelogix

NOVEMBER 13, 2023

The hospitality industry is well acquainted with the concept of hotel overbooking. Although it is a  common practice in hotel management, it has been a matter of debate particularly because of the complications it brings during peak hours. However, in cases of last-minute cancellations, your profit is badly impacted.

Overbooking 59

Overbooking Cancellation Occupancy Revenue 59

SiteMinder

OCTOBER 26, 2023

Dallas, USA – Brittain Resorts & Hotels (BRH), a leading full-service hospitality management company, has adopted SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, as part of its newly-announced business intelligence technology matrix.

Revenue Management 81

Revenue Management Revenue Resorts Management 81

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

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 76

Revenue Management Revenue Management Forecasting 76

eHotelier

FEBRUARY 20, 2024

Managing a profitable hotel requires a careful eye on your inventory. You don’t want to sell your rooms too early at reduced rates because such spillage can drain your revenue. However, spoilage, overbooking, and overselling can also wreck your profits.

Revenue 52

Revenue Revenue Management Overbooking Management 52

SiteMinder

JUNE 26, 2024

What is revenue optimization? 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. Table of contents Why is hotel revenue optimization important?

Revenue 72

Revenue Revenue Management Upsell Global Distribution System 72

Hotel Speak

AUGUST 13, 2024

A robust sales distribution strategy is indispensable for hotels striving to maximise revenue and drive direct bookings. By leveraging a diverse array of channels, hotels can amplify their visibility, target high-value guests, mitigate the impact of seasonality, and foster direct booking growth.In

Revenue 81

Revenue Sales OTA Average Daily Rate 81

STAAH

OCTOBER 15, 2024

The right software is a game-changer for hotel success, shaping everything from operational efficiency to guest satisfaction. As technology continues to advance, hotels have transformed the way they manage daily tasks and interact with guests. Let’s take a look at some essential software solutions every hotel should consider.

Operations 85

Operations OTA Overbooking Revenue 85

Refine

JUNE 16, 2023

Analyses showed that hotels with a solid revenue management strategy came out of the Covid-19 crisis better than hotels without. In this article, you’ll learn how successful hoteliers handle pricing strategies during the post-covid era, and how to deal with spillage, spoilage, overbooking, and overselling.

Overbooking 98

Overbooking Revenue Management Revenue Management 98

Horizon Hospitality

JULY 10, 2024

In the competitive world of hospitality, one of the most critical challenges of hotel professionals is balancing room rates with occupancy levels. Dynamic pricing, or yield management, involves adjusting room rates in real-time based on supply and demand, with the ultimate goal being to increase the Revenue Per Available Room ( RevPAR ).

Occupancy 52

Occupancy Revenue Yield Management Forecasting 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. However, the essence of yield management extends far beyond just filling up rooms or seats.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Hotel Speak

JULY 4, 2024

July 3, 2024— DerbySoft , specialists in high-performance distribution services, announced a new partnership with IDeaS , a SAS company, provider of hospitality revenue management software and services, that strategically provides operational and revenue-enhancing benefits for hotels of all types.

Revenue 89

Revenue Revenue Management Forecasting Overbooking 89

Inn Quest

SEPTEMBER 5, 2023

At a glance: What is Hotel Inventory Management? Managing your hotel’s inventory efficiently can significantly impact your bottom line, guest satisfaction and overall operational effectiveness. Firstly, What is Hotel Inventory Management? Let’s get started!

Management 87

Management Overbooking Revenue Hotels 87

Xotels

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Hotel News Resource

DECEMBER 7, 2023

When we think about revenue management, we often think of large cities, overbookings, big box hotels and a competitive marketplace. However, Rate Yield sat down with their loyal client, Manoir Belle Plage, to discuss what the revenue management software has done for them.

Overbooking 45

Overbooking Revenue Management Revenue Management 45

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

STAAH

MARCH 31, 2024

In a complex hotel distribution world, STAAH made things simple. 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.

Resorts 94

Resorts Overbooking Hotels Revenue 94

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

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

STAAH

SEPTEMBER 9, 2024

A Potentially Hindered Guest Booking Experience Every hotelier can vouch for the importance of a good guest experience , including on the hotel website. With its previous technology partner, Sutton Hall was lagging behind in providing this seamless online experience to its guests, potentially affecting guest satisfaction and losing revenue.

Revenue 74

Revenue Overbooking OTA Revenue Management 74

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. What is Yield Management? To do that, the hotel needs to determine the optimal price for each room at any given time.

Yield Management 88

Yield Management Management Occupancy Revenue 88

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?’ The answer lies in optimizing your hotel room prices. It’s the bedrock of hotel revenue management , and for good reason.

Revenue 52

Revenue Revenue Management Occupancy Hotels 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. What is Tourplan?

Operations 52

Operations Revenue Hotels Management 52

Inn Quest

SEPTEMBER 12, 2023

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. The goal is to provide excellent guest experiences while maximizing revenue and maintaining cost control.

Operations 88

Operations Management Revenue Revenue Management 88

Inn Quest

AUGUST 8, 2023

When it comes to hotel businesses, one must continuously strive to achieve a balance between the customer experience and pricing. Hotels follow different pricing strategies to get there and seasonal pricing remains one of the most important. In this blog, we have curated the top 4 benefits of seasonal pricing for hotels.

Hotels 88

Hotels Occupancy Overbooking Revenue 88

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

Hotel Business

MARCH 29, 2023

IDeaS , a SAS company, has introduced Automated Configuration for its G3 revenue management system (RMS), decreasing the initial configuration of G3 from weeks to as little as one day, depending on client needs and requirements. It’s like having another revenue manager on the team, analyzing the data 24/7.”

Revenue 52

Revenue Revenue Management Overbooking Forecasting 52

SiteMinder

JANUARY 30, 2023

Hanging Gardens of Bali is a luxury hotel nestled amidst Bali’s vast jungle landscape. The accommodation, with more than 17 years in operation, is one of the most sought-after places worldwide, and has held the title of “World’s First Seven Star Boutique Hotel”. Fortunately, SiteMinder was able to change this.

Average Daily Rate 98

Average Daily Rate Global Distribution System Sales Management 98

Hotelogix

FEBRUARY 13, 2024

Operating a large independent hotel with 200+ rooms, 4-5 in-house restaurants, a couple of gyms, spas, and gift shops is multifaceted, where precision, efficiency, and guest satisfaction are paramount. It will lead to revenue leakage.   Rate/revenue management A large hotel with 200+ rooms will have multiple room types.

Management 59

Management Hotels Revenue Management Revenue 59

Little Hotelier

MARCH 10, 2024

What is hotel sales software? 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.

Hotel Sales 52

Hotel Sales Sales Revenue Management Revenue 52

Xotels

JANUARY 18, 2021

One of the components needed to apply a hotel revenue management is market segmentation. What is Hotel Market Segmentation? As a revenue manager or hotelier, your hotel market segmentation shall help to identify the purpose of the trip: either business or leisure. Examples of Hotel Market Segments.

Hotel Marketing 40

Hotel Marketing Market Marketing Revenue Management 40

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 blog explores how integrated solutions play a pivotal role in simplifying hotel payment processes and why they are crucial in today’s competitive landscape.

Hotels 88

Hotels Overbooking Marketing Strategy Business 88

Catala Consulting

SEPTEMBER 19, 2024

Imagine this: A guest arrives at your hotel after a long journey, eager to check in and relax. This frustration taints their perception of the entire hotel experience, even before they see their room. The Role of the Front Office in Hotels What is the Front Office?

Overbooking 52

Overbooking Operations Revenue Management Management 52

SiteMinder

JUNE 24, 2024

Booking.com fees refer to the various charges that hotel owners and hosts incur when listing their properties on Booking.com. Understanding these fees is essential for effectively managing your hotel’s revenue. Some hotels do, some hotels don’t – it all depends on your revenue strategy and preferred risk.

Cancellation 52

Cancellation Overbooking Revenue OTA 52

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. The Grealy Family have been hosting weddings and events at the Abbey Hotel since 1963.

Overbooking 69

Overbooking Closing Hotels Revenue Management 69

Hotel Business

MARCH 14, 2024

Hotel technology provider Maestro has unveiled its roadmap of technology innovations the company is planning to launch this year. AI-powered chatbots & booking engine According to Maestro, AI is poised to revolutionize the hotel booking engine process, offering enhanced personalization, efficiency and customer satisfaction.

Overbooking 59

Overbooking Revenue Upsell Services 59

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