Catala Consulting

NOVEMBER 18, 2023

Introduction This new focus acknowledges that while revenue is crucial, it is the profitability that ultimately determines a hotel’s financial health and success. Hotels used historical data and simple forecasting methods to set room rates, often focusing on short-term gains.

Revenue Management 52

Revenue Management Hotels Revenue Management 52

Hospitality Net

NOVEMBER 20, 2023

Cendyn, a catalyst for digital transformation in the hospitality industry, and SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, are excited to announce a strategic partnership to mutually grow each other’s revenue management capabilities for the benefit of more than 70,000 hotels.

Hotels 97

Hotels Revenue Revenue Management Hospitality 97

Are Morch

NOVEMBER 15, 2023

In the dynamic world of the hotel industry, effective bookkeeping practices can make all the difference between thriving success and missed opportunities.

Hotels 147

Hotels Management Revenue 147

Hospitality Net

NOVEMBER 9, 2023

This is where hotel data revenue can help. In the perpetual quest to achieve greater market share, hoteliers constantly seek strategies to help them transcend the competition posed by online travel agencies (OTAs).

Hotels 97

Hotels Revenue OTA Market Share 97

SiteMinder

NOVEMBER 13, 2023

Sydney, Australia – CLLIX Apartments and Hotels, a leading name in the hospitality industry in Australia, is pleased to announce its collaboration with SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, as the group seeks to maximise strengthening business travel volumes.

Hotels 106

Hotels Travel Revenue Hospitality 106

Hotel News Resource

OCTOBER 4, 2023

With growing operational costs hotels need to get creative about ways to drive more Revenue. Ancillary and other revenue streams are becoming more and more important as the days go on and are moving to be included, if not already, under the revenue optimization umbrella.

Hotels 102

Hotels Revenue Operations Hotel Sales 102

SiteMinder

NOVEMBER 22, 2023

What are hotel events? Hotel events transform hotels into hubs of activity and excitement. At their most simple, they’re gatherings for connection, and at their best, they’re experiences that leave lasting impressions on hotel guests and attendees alike. Networking events These events are all about connections.

Hotels 59

Hotels Revenue Events Occupancy 59

Lodging

NOVEMBER 2, 2023

What’s important to contemplate is the role natural language can and will have on enterprise-level technology solutions, and how they can […] The post How AI and LLMs Will Shape Future Hotel Revenue Strategies appeared first on LODGING Magazine.

Hotels 103

Hotels Revenue Sales Revenue Management 103

Hotel Speak

NOVEMBER 17, 2023

How the F1 Las Vegas Grand Prix Will Drive Hotel Spending For an average three-day ticket of $7,000, Formula One is expected to bring in plenty of high rollers and massive spending to the already profitable Vegas Strip. This allowed hotels to capture early bookings from high-value customers such as corporate groups and F1 enthusiasts.

Hotels 68

Hotels Revenue Events Forecasting 68

Hospitality Net

OCTOBER 26, 2023

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 98

Revenue Management Resorts Hotels Revenue 98

Hotel News Resource

AUGUST 18, 2023

Article - The Importance of Pickup and Pace in Hotel Revenue Management - Discover the significance of pickup and pace in hotel revenue management. Learn how optimizing these factors can boost your hotel's revenue.

Revenue Management 98

Revenue Management Hotels Revenue Management 98

Intelity

DECEMBER 5, 2023

Forced modifiers are just one way upselling in hotels can be maximized During a busy time of the year, like the start of the holiday season which we are quickly approaching, hotels are continually looking for strategies to drive non-room revenue. Using a staff operations hub, hotels can track a guest’s onsite habits.

Upsell 52

Upsell Hotels Revenue Dining 52

Hospitality Net

NOVEMBER 6, 2023

A solid hotel upsell program can make a huge difference in generating direct revenue. Generally speaking, you are going to be more profitable if you choose to upsell your existing guests.

Upsell 97

Upsell Hotels Revenue 97

Mews

AUGUST 14, 2023

Looking for ways to maximize your hotel's rooftop revenue? Rooftops are prime real estate, so let's explore how to turn them into an additional revenue stream. From theme parties to pop-up restaurants to live music, rooftops can host a variety of events.

Hotels 98

Hotels Revenue Real Estate Events 98

eZee Absolute

OCTOBER 16, 2023

Ever thought about how hotels can pocket some extra cash beyond just renting out rooms? Well, here’s a trick called “ancillary revenue.” ” It is when a hotel offers additional services or packages to enhance a guest’s stay. Curious about how you can tap into this for your hotel?

Ancillary Revenue 59

Ancillary Revenue Hotels Revenue Dining 59

eHotelier

AUGUST 20, 2023

A hotel sales strategy is a plan of action designed to increase hotel revenue and bookings. It involves identifying target markets, setting sales goals, and creating a plan to achieve those goals.

Hotel Sales 98

Hotel Sales Hotels Occupancy Revenue 98

Mews

NOVEMBER 21, 2023

Off-peak hotel revenue is something most hoteliers lose sleep over. To be profitable, you must either make enough revenue in the high season to compensate for the decrease during the low season or find ways to maximize revenue throughout the year.

Revenue 52

Revenue Hotels Revenue Management Management 52

Hotel News Resource

MAY 16, 2023

Publicly listed hotel real estate investment trusts and brands broadly increased full-year revenue per available room expectations during first-quarter earnings calls.

Hotels 107

Hotels Revenue Real Estate Branding 107

SiteMinder

DECEMBER 4, 2023

What are hotel industry statistics? Hotel industry statistics refer to data and metrics relating to hotels and other accommodations in the industry. Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. globally next year.

Hotels 52

Hotels Occupancy Hotel Marketing Travel 52

Hospitality Net

SEPTEMBER 6, 2023

IDeaS, a SAS, company, the world’s leading provider of hotel revenue management software and services, released a special report in line with industry budget season.

Revenue Management 97

Revenue Management Hotels Revenue Management 97

SiteMinder

OCTOBER 10, 2023

What is hotel forecasting? Hotel forecasting is a method that is used to help managers determine their accommodation’s future demand and revenue performance. Table of contents What is a hotel availability forecast? A good hotel forecast will help you make the most of peak periods and help you through low periods easier.

Forecasting 52

Forecasting Hotels Revenue Average Daily Rate 52

Revinate

SEPTEMBER 13, 2023

Customer stories How Northview Hotel Group drove $40M in direct revenue with Revinate HOTEL TYPE: Group SOLUTIONS USED: Reservation Sales, Revinate Marketing, Revinate Guest Feedback, RezForce REGION: North America Goal Drive direct bookings to compete with OTAs. Strategy [.]

Hotels 93

Hotels Revenue OTA Sales 93

Inn Quest

MAY 11, 2023

As we step into 2023, the hospitality industry is still reeling from the effects of the pandemic – which makes implementing hotel pricing strategies more important than ever. With travel restrictions lifted, hotels are gearing up to welcome guests again.

Hotels 88

Hotels Revenue Occupancy OTA 88

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. It can literally cost us millions.

Revenue Management 81

Revenue Management Resorts Hotels Revenue 81

Hospitality Net

MAY 16, 2023

A strong first quarter to start the year left hotel companies broadly optimistic as executives made widespread increases to full-year 2023 revenue per available room projections.

Hotels 97

Hotels Revenue 97

Hospitality Net

JULY 6, 2023

Based on our February 2023 Hotel Horizons® report, CBRE is forecasting that total hotel revenue for the average U.S. hotel returned to pre-COVID levels in 2022. hotels is not expected to exceed 2019 levels until 2026. This occurred despite the fact that the average occupancy for U.S.

Occupancy 90

Occupancy Hotels Revenue Forecasting 90

Hotel Business

NOVEMBER 15, 2023

Pebblebrook Hotel Trust has closed on the sale of the 221-room Hotel Zoe Fisherman’s Wharf in San Francisco for $68.5 30, the hotel’s net loss was $1.2 of total hotel revenues). 30 in the case of Hotel Zoe. 30 in the case of Hotel Zoe. million to a third party. For the trailing 12 months ended Sept.

Hotels 116

Hotels Net Operating Income Sales Revenue 116

Intelity

AUGUST 29, 2023

For properties wondering how to increase hotel revenue, the answer lies in data aggregation Driving non-room revenue is one of the key goals for almost all hoteliers and hotel operators. But what if maximizing revenue was easier than you think? Here are a few ways. Take in-room dining , for example.

Hotels 75

Hotels Revenue Upsell Dining 75

Hospitality Net

MAY 31, 2023

IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, has been selected as the preferred RMS provider to Park Plaza Hotels Europe (PPHE Hotel Group) in Europe.

Revenue Management 98

Revenue Management Hotels Revenue Management 98

Hotel News Resource

MAY 16, 2023

Take a deep dive into the data from some of the world's biggest and best music festivals to learn how hotel revenue can be optimised during these periods of exceptionally high demand.

Hotels 104

Hotels Revenue OTA 104

Hospitality Net

MAY 16, 2023

Magnuson Hotels is pleased to announce the promotion of Adnan Malik to the position of Chief Revenue Officer (CRO). In his new role, Malik will oversee the company’s revenue management strategy and drive initiatives to enhance revenue growth across the organization.

Hotels 116

Hotels Revenue Revenue Management Management 116

Hotel News Resource

NOVEMBER 21, 2023

Cendyn and SiteMinder announce a strategic partnership to mutually grow each other's revenue management capabilities for the benefit of more than 70,000 hotels.

Hotels 59

Hotels Revenue Revenue Management Management 59

Amadeus Hospitality

SEPTEMBER 22, 2023

In today’s competitive hospitality industry, well-structured sales and revenue strategies are the key to success. Occupancy rates, Average Daily Rate (ADR), and Revenue per Available Room (RevPAR) are just a few core metrics that can shape your decisions. This is the power of data-driven insights.

Hotels 52

Hotels Revenue Sales Average Daily Rate 52

MediaBoom

NOVEMBER 8, 2023

Hotel SEO remains one of the most valuable tools in any marketer’s kit as hotel numbers in the United States climb. With over 165,000 hotels on American soil , yours must rank well to be on the average consumer’s radar. What is search engine optimization, and why is it important for hotels? What Is Organic Traffic?

Hotels 66

Hotels Revenue Hospitality Branding 66

Webrezpro

MAY 18, 2023

Hotel revenue management is a complicated process with a simple goal: to maximize revenue. If your hotel’s bottom line is bottoming out, […] Source

Revenue Management 79

Revenue Management Hotels Revenue Management 79

SiteMinder

NOVEMBER 20, 2023

Bangkok, Thailand – airasia MOVE, formally known as airasia Superapp, has today announced it has partnered with SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, to offer a wider range of hotels and accommodations to travellers on its platform.

Hotels 116

Hotels Accommodation Travel Revenue 116

STAAH

AUGUST 1, 2023

A hotel sales strategy is a plan of action designed to increase hotel revenue and bookings. Here are 6 hotel sales strategies to increase your revenue. Once you know who your target audience are, it will be easy to plan your sales strategy and offer deals to attract them to your hotel.

Hotel Sales 86

Hotel Sales Hotels Occupancy Revenue 86