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. Last-minute hotel room bookings have a range of benefits including: Maximised occupancy : Filling rooms at the eleventh hour ensures that you’re making the most of your available inventory.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

Hotel Speak

FEBRUARY 26, 2024

Unplanned overbookings, front desks staffed 24/7, and marketing or finance degrees to optimize revenue will soon be a thing of the past. Key findings from the report include: Occupancy patterns are projected to remain consistent in 2024. So are siloed and disparate legacy systems.

Average Daily Rate 86

Average Daily Rate OTA Overbooking Travel 86

Inn Quest

APRIL 5, 2023

It is a dynamic pricing strategy that allows hotels to offer competitive prices during low-occupancy periods while maximizing profits during high-demand periods. It enables hotels to achieve this goal by analyzing data such as occupancy rates, booking trends, and seasonal patterns to adjust prices and inventory.

Yield Management 88

Yield Management Management Occupancy Revenue 88

STAAH

APRIL 16, 2024

Look for a solution that utilizes sophisticated algorithms to analyze market demand, competitor pricing, booking patterns , and other relevant factors in real-time. This enables hoteliers to adjust room rates dynamically to maximize revenue based on current market conditions.

Revenue Management 79

Revenue Management Revenue Management Forecasting 79

Inn Quest

AUGUST 8, 2023

In other words, it is a form of dynamic pricing where businesses vary the prices based on the changes in demand and real-time market conditions. Offering competitive rates during off-peak seasons allows hotels to remain active in the market and attract guests even when other competitors might be struggling to maintain occupancy.

Overbooking 88

Overbooking Hotels Occupancy Revenue 88

Little Hotelier

OCTOBER 11, 2023

This is exciting for your business because it presents an opportunity to push the limits of your occupancy and cash-in on increased revenue. Strategies to prepare for peak season in the hotel industry When peak season is just around the corner, it’s exciting – you’re looking forward to welcoming guests and having full occupancy.

Maximum Length of Stay 52

Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 52

eZee Absolute

FEBRUARY 27, 2024

With pilgrims flocking to the region year-round, hotels must navigate a bustling market to attract guests. Hotel Katra Residency, amidst this busy landscape, faced a dual challenge: maximising online visibility and standing out in a crowded market. At the same time, it eliminated the risk of manual errors in inventory management.

Overbooking 52

Overbooking Global Distribution System Hotels Management 52

eZee Absolute

DECEMBER 7, 2023

Myth #7: Overbooking is a curse and should NEVER be used Overbooking can make or break a hotel; it is like a double edge sword. If you aren’t aware of overbooking, it is a strategy used by revenue managers to acquire more reservations than the number of available rooms to achieve the highest possible occupancy rate.

Revenue Management 98

Revenue Management Revenue Management Overbooking 98

Cloudbeds

APRIL 30, 2024

Room price optimization is a catch-all term for the process of adjusting your prices in real-time based on various factors such as market demand and supply, competitor pricing, historical data, customer behavior, and market trends. Maximizing occupancy. Price optimization helps manage occupancy levels.

Revenue Management 52

Revenue Management Revenue Occupancy Hotels 52

Cloudbeds

FEBRUARY 26, 2024

Unplanned overbookings, front desks staffed 24/7, and marketing or finance degrees to optimize revenue will soon be a thing of the past. Key findings from the report include: Occupancy patterns are projected to remain consistent in 2024. So are siloed and disparate legacy systems.

Average Daily Rate 52

Average Daily Rate OTA Overbooking Travel 52

SiteMinder

OCTOBER 26, 2023

“On the one hand, the platform’s stability means that I’m no longer worried about getting an overbooking call on a Saturday night. But from a results perspective, the moment we switched on SiteMinder, our occupancy immediately shot up. Moving forward, we’re aiming to use SiteMinder to its full capacity.

Revenue Management 81

Revenue Management Revenue Resorts Management 81

Little Hotelier

JULY 31, 2023

It’s designed to maximise hotel occupancy through its distribution channels. MaxiRoom is equipped with a range of features aimed at optimising your hotel’s performance across Hotelbeds’ worldwide markets and channels. Marketing tools : Little Hotelier offers a range of marketing tools to help you attract more guests.

Cancellation 52

Cancellation Overbooking OTA Occupancy 52

Hotelogix

MAY 16, 2024

Sell more rooms: With increased online visibility, you can drive more bookings while eliminating overbookings and guest dissatisfaction.  A booking engine integrated with your PMS and channel manager simplifies the booking process for guests and collects valuable guest data for personalized marketing.

Operations 52

Operations OTA Hotels Revenue 52

STAAH

AUGUST 20, 2023

They wanted a platform that was fast and performant – quickly updating inventory and rates across multiple online channels, minimising errors and overbooking. Lastly, in the highly competitive Thai tourism market, staying one step ahead of competitors is critical. STAAH ticked all the boxes – and more. Wins all around!

Revenue 76

Revenue Overbooking Resorts Occupancy 76

Little Hotelier

FEBRUARY 5, 2024

This feature helps streamline the booking process, reducing the risk of overbooking and ensuring a smooth check-in experience for guests. Reporting and analytics The software includes robust reporting and analytics capabilities, allowing hoteliers to track key performance metrics, such as occupancy rates, revenue, and guest demographics.

Management 59

Management Overbooking OTA Accommodation 59

Cloudbeds

APRIL 2, 2024

From managing hundreds of rate plans across multiple channels to crafting highly segmented and tailored marketing campaigns, hoteliers need the right tools to execute their strategies effectively. room types, maximum occupancy, stay restrictions, etc.), The most effective distribution strategies in the hospitality industry are dynamic.

Revenue Management 52

Revenue Management Occupancy Revenue Hotels 52

Little Hotelier

MARCH 10, 2024

By providing real-time data and analytics, it helps hotels understand market trends and customer preferences, aiding in the development of targeted sales strategies. Manage your hotel sales with the best software in the market Use Little Hotelier’s revenue management features to manage your hotel sales and boost hotel bookings.

Hotel Sales 52

Hotel Sales Sales Revenue Management Revenue 52

Inn Quest

SEPTEMBER 12, 2023

It encompasses tasks such as front office operations, housekeeping, food and beverage services, maintenance, sales, marketing and financial management. Sales and Marketing: Effective sales and marketing efforts are critical for attracting guests and maximizing revenue.

Operations 88

Operations Management Revenue Revenue Management 88

Cloudbeds

APRIL 15, 2024

Oftentimes, these tasks overpower hotels’ ability to invest in proper guest communication, marketing activities, and revenue management , which significantly impacts performance and profitability. It’s happening in every department, from the front office to accounting, marketing, revenue management, and food and beverage.

Revenue Management 98

Revenue Management Hotels Operations Revenue 98

SiteMinder

SEPTEMBER 6, 2023

This efficiency not only reduces operational costs but also minimises the risk of overbooking or scheduling conflicts. Data collection From booking patterns to guest preferences, an online booking system captures a wealth of information that can be used for targeted marketing campaigns, personalised services, and operational improvements.

Hotels 98

Hotels Revenue Occupancy Services 98

Hotel Speak

JULY 4, 2023

They can work with a hotel channel manager to ensure real-time distribution of rates and inventories across OTAs for better visibility, more sales, and zero overbookings. It ultimately increases their profitability by maximising revenue and occupancy. to offer them personalised experiences.

Hotels 52

Hotels Revenue Management Revenue Occupancy 52

Hotelogix

FEBRUARY 13, 2024

Plus, it leads to complexities such as rate parity/inventory disparity, overbookings, and guest dissatisfaction.  Without the right insights, it becomes tough to develop a marketing strategy to attract guests from all segments for more sales, occupancy, and revenue - leisure, family, corporates, large groups, etc. 

Management 59

Management Hotels Revenue Management Occupancy 59

Hotelogix

NOVEMBER 30, 2023

They play a pivotal role in marketing and selling rooms. An excellent marketing strategy incorporates OTAs to boost sales and revenue. While one OTA can help you reach out to an international audience  - say mainly from the Southeast Asian market, the other one may help capture customers from Europe.

OTA 59

OTA Hotels Online Sales Market 59

SiteMinder

OCTOBER 5, 2023

You can quickly gauge your booking status, helping you keep track of occupancy and upcoming guest arrivals. Regularly updating the availability calendar is essential to reflect current room statuses and prevent overbookings. Rev+ presents a dashboard that displays metrics such as Average Daily Rate (ADR) and Occupancy Rate.

Average Daily Rate 59

Average Daily Rate Hotels Management OTA 59

eZee Absolute

OCTOBER 16, 2023

After thorough market research and trying a handful of hotel solutions, they came across eZee (now Yanolja Cloud) and wanted to give it a try. Increased Bookings and Revenue: eZee’s reservation management system eliminated the chaos of overbookings and cancellations, leading to increased bookings and improved revenue.

Resorts 52

Resorts Tourism Fair Share Operations 52

Cloudbeds

JULY 15, 2023

And even then, manually-managed distribution is risky: any delays in updating rates and availability on a channel’s extranet could mean selling a room that isn’t available or selling at a lower rate, which can lead to overbooking and sub-optimal yield management. In the case of one-way sync, reservations or cancellations will not be imported.

Management 76

Management OTA Cancellation Overbooking 76

StayNTouch

JUNE 1, 2022

Bernd : We have been witnessing the growth of independent boutique multi-property chains, both in our existing customer base and in the hospitality market more generally. Q: Why Did Stayntouch Upgrade its Multi-Property Functionality? Explore Our Guest-Centric Cloud PMS and Contactless Technology.

Operations 52

Operations Hotels Scale Occupancy 52

Cloudbeds

APRIL 23, 2024

From conferences to weddings and production crews, securing group business is a surefire way for hotels to fill occupancy months in advance. Even if a bid isn’t won, it provides a great opportunity for hotels to showcase their facilities and services to industry professionals and implement marketing campaigns for future bids.

Business 52

Business Events Hotels Sales 52

StayNTouch

NOVEMBER 16, 2022

This article will examine how hotels can leverage distribution technology and strategies to drive bookings, access new markets, and increase profitability. A particular brand’s optimal distribution strategy will depend on its size, regional market, customer base, and various commission and acquisition costs.

OTA 52

OTA Hotels Revenue Overbooking 52

Hotelogix

OCTOBER 18, 2023

This prevents overbookings, eliminates misunderstandings, and ensures that guests receive precise information when making reservations. This leads to better utilization of room inventory and maximizes occupancy rates. This increases visibility, boosts bookings, and helps hotels tap into new markets.

Business 40

Business Global Distribution System Cancellation Hotels 40

AskSuite

JULY 20, 2023

Customer service, sales, marketing, and reservation teams hold significant roles in a hotel’s success. Create a holistic marketing strategy Intelligent hotel management constantly seeks new avenues to enhance profits, especially ones that don’t involve increasing room rates. This can give your sales team the edge you’re looking for.

Management 52

Management Business Upsell Marketing Strategy 52

Cloudbeds

JUNE 8, 2023

From increasing occupancy to generating direct bookings and increasing ADR, lodging operators have a lot on their plate. This year, more properties will invest in technology to help create new revenue opportunities, build better websites , manage marketing campaigns, automate services, and improve the guest experience. in revenue.

Management 98

Management Hotels Revenue Digital Marketing 98

Cloudbeds

FEBRUARY 28, 2024

This will help you increase occupancy, maintain rate parity, and prevent pricing errors, overbookings, and lost sales. A digital marketing solution to maximize your online presence and drive more direct reservations. Automate your credit card payment processing.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

STAAH

NOVEMBER 8, 2022

One of the rising innovations taking off in hotel revenue management is the growing sophistication of overbooking controls, which provides hotels control over excess bookings and cancellations to fly as close as possible to 100 percent occupancy consistently. Dynamic pricing.

Revenue Management 71

Revenue Management Revenue Management Forecasting 71

SiteMinder

AUGUST 29, 2023

Hotel operating costs Hotel operating costs encompass a wide array of expenses, from staff salaries, utility bills, and maintenance to marketing, guest amenities, and food & beverage supplies. Reduce your hotel’s marketing costs Paid promotion isn’t always guaranteed to garner more results.

Revenue 52

Revenue Hotels OTA Operations 52

Xotels

APRIL 3, 2024

This is done by thoroughly understanding your property, its customers, and the market. Understand your Hotel´s Market The success of your revenue management strategy depends on how well you understand your market. This is one of the first steps when creating a revenue management strategy, performing thorough market research.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

SiteMinder

OCTOBER 11, 2022

Develop a better rapport with your target market segment. Hotel management software not only benefits returning guests but the technology will allow you to reach out to new markets that would not have discovered your brand. This will boost marketing efforts, allow you to share promotions, and encourage guest feedback.

Hotels 52

Hotels Management Revenue Management Revenue 52