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Hotel terminology: A complete guide for hotel owners

SiteMinder

This standardized language streamlines daily operations, from front desk check-ins to revenue management, ensuring clear communication across all hotel departments and with industry partners. CRM system (Customer relationship management) Software that stores guest profiles, tracks interactions and supports tailored marketing.

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SiteMinder and RevenYou perfect the art of hotel business optimisation

SiteMinder

Established in 2016, RevenYou is a specialist consultancy firm supporting accommodation businesses across Australia, New Zealand, and the Pacific with revenue management, sales, marketing, and systems integration. Let’s look at five examples. This enabled direct bookings to be taken online at any time of day.

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Hotel Budget Plan: Are you Ready for 2026? (Template & Example)

Xotels

Read through our step-by-step guide explaining how to get ready for 2026 with our revenue management consulting best hotel budgeting practices. Typically, the hotel budget season starts towards the end of August with presentations to management starting the following month. Expense budgeting approach: Last Year with X% Increase 2.

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How AI Can Help Hotels Leapfrog the Tech Gap

Hospitality Tech

For over a decade, revenue management systems, such as IDeaS and Duetto, have applied Machine Learning, a form of AI, to analyze booking patterns, competitor pricing, and demand curves to recommend real-time rate adjustments. What was once limited to yield management is now being applied across sales, marketing, and guest experience.

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Benefits of Yield Management in the Hotel Industry

Inn Quest

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. Furthermore, we will provide examples of successful yield management strategies and offer tips on how to implement them in your hotel.

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Hotel Revenue Management Strategies

Xotels

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.

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What is Hotel Revenue Management?

Xotels

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.