Cloudbeds

FEBRUARY 26, 2024

Adam Harris, Co-Founder and CEO of Cloudbeds, said : “The outlook for the travel industry in 2024 looks rather encouraging, with economic forecasts shifting from fears of a global recession to expectations of a soft landing and moderate growth. With demand relatively flat, hotels will need to focus efforts on growing market share and RevPAR.

Average Daily Rate 52

Average Daily Rate OTA Overbooking Travel 52

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

SiteMinder

NOVEMBER 22, 2023

Common issues include inconsistent customer service, challenges in managing online reputation, and fluctuating occupancy rates. Here are some of the common problems faced by hotels: Low occupancy rate A low occupancy rate is a significant challenge for hotels, reflecting underutilisation of resources and potential revenue loss.

Overbooking 52

Overbooking Hotels Revenue Occupancy 52

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 15, 2023

Hotels face a daunting challenge as travelers seek convenience and competitive prices: how to efficiently manage their room inventory across multiple online distribution channels while maintaining real-time updates and avoiding overbooking. This is where a hotel channel manager comes into play. What Is A Hotel Channel Manager?

Management 52

Management Global Distribution System Overbooking OTA 52

Cloudbeds

APRIL 2, 2024

The number of booking channels lodging businesses must manage has expanded exponentially, from their website to online travel agencies , bed banks, GDS’, and metasearch engines. 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

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

SiteMinder

DECEMBER 7, 2023

This process requires continuous analysis of market trends, booking patterns, and competitor strategies. It’s not just about setting the right price, but also about adjusting it in response to market changes. Higher occupancy rates : Pricing rooms correctly plays a pivotal role in driving occupancy.

Management 59

Management Average Daily Rate Occupancy Revenue 59

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

SiteMinder

OCTOBER 10, 2023

Segment market Market segmentation involves categorising your target audience based on various criteria like demographics, booking channels, or purpose of visit. By understanding which segments bring in the most revenue, you can tailor your marketing and pricing strategies to attract and retain these valuable customers.

Forecasting 52

Forecasting Revenue Average Daily Rate Occupancy 52

eZee Absolute

APRIL 3, 2024

With its elegant ambience, impeccable service and breathtaking views, the hotel offers a haven for travellers seeking solace and comfort in the Himalayas. Manual processes often led to errors, overbooking, and inefficiencies, causing frustration among staff and guests alike. That’s when we came across YCS (formerly eZee).

Operations 52

Operations Business Occupancy Revenue 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 10, 2023

Agoda, being one of the leading online travel agencies (OTAs), provides a vast and valuable audience. Once a room is booked on Agoda, the channel manager ensures that it’s taken off the market, eliminating the potential for double bookings. Table of contents Why should hotels consider a channel manager for Agoda?

Management 59

Management Overbooking OTA Hotels 59

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

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

SiteMinder

JUNE 8, 2022

The outcome of your forecasting should always be the ability to react to market changes, optimise occupancy, and maximise revenue. Doing this effectively means you have to consider a number of factors such as key revenue metrics like occupancy, room nights, and average daily rates; but also staff allocation and resourcing.

Forecasting 52

Forecasting Revenue Average Daily Rate Average Length of Stay 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. Adopt cloud-based solutions for scalability and flexibility.

Operations 88

Operations Management Revenue Revenue Management 88

SiteMinder

OCTOBER 5, 2023

It offers a suite of tools that allow you to manage your Expedia listings across various online travel agencies (OTAs) that are part of the Expedia Group. Expedia Partner Central is a popular choice among hoteliers, primarily for its expansive reach within the travel industry. A particularly useful feature is the rate management tool.

Average Daily Rate 59

Average Daily Rate Hotels Management OTA 59

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

SiteMinder

SEPTEMBER 6, 2023

Direct bookings are the lifeblood of your business , offering a pathway to profitability that sidesteps the commissions paid to online travel agents. This global reach can significantly expand your customer base, making your hotel a go-to choice for travellers worldwide. But it’s not just about the bottom line.

Hotels 98

Hotels Revenue Occupancy Services 98

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

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 lets them centrally manage travel agents’ and corporate clients’ logins and get more bookings from those sources. Got suggestions?

Hotels 52

Hotels Revenue Management Revenue Occupancy 52

Hotelogix

NOVEMBER 30, 2023

Online Travel Agents for hotels or OTAs serve as important distribution channels for hotels. They play a pivotal role in marketing and selling rooms. An excellent marketing strategy incorporates OTAs to boost sales and revenue. This allows travelers to opt for the model that suits them the best.

OTA 59

OTA Hotels Online Sales Market 59

Cloudbeds

FEBRUARY 28, 2024

When travelers make a hotel reservation, they expect a seamless experience , or they may decide to stay elsewhere. For hotels, meeting this expectation means moving away from manual processes and investing in booking software that allows travelers to book a room when they want on the channel of their choice. Generate more revenue.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

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. In the hospitality industry, RFPs are usually sent to hotels by event planners, corporate travel managers, tournament organizers, travel management companies, or production companies.

Business 52

Business Events Hotels Sales 52

eZee Absolute

OCTOBER 16, 2023

This eco-friendly haven has been a tranquil retreat for travelers seeking a perfect blend of serenity and comfort. 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. Since then, their journey has been uphill.

Resorts 52

Resorts Tourism Fair Share Operations 52

Cloudbeds

JULY 15, 2023

After all, travelers can’t book a property they don’t find! 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.

Management 76

Management OTA Cancellation Overbooking 76

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. Metasearch is also growing tremendously and currently accounts for over 45% of global unique visitors in travel , which is greater than the proportion of unique visitors for OTAs.

OTA 52

OTA Hotels Revenue Overbooking 52

AskSuite

JULY 20, 2023

Customer service, sales, marketing, and reservation teams hold significant roles in a hotel’s success. Effective sales techniques Sales strategies aren’t one-size-fits-all, especially in the travel industry. Are they business travelers, families, or luxury seekers? This can give your sales team the edge you’re looking for.

Management 52

Management Business Upsell Marketing Strategy 52

SiteMinder

MARCH 16, 2023

Benefits of Reservation System for Hotels A hotel reservation system software is the helping hand you need to keep your occupancy up, even during the slow times and make sure everything is running smoothly. The risk of overbooking rooms is massively reduced, which significantly improves the smoothness of your hotel operations.

Overbooking 52

Overbooking Hotels Accommodation Global Distribution System 52

STAAH

NOVEMBER 8, 2022

Like many other areas in travel and hospitality, revenue management has dramatically changed in the last two years. With most hoteliers still relying on domestic travellers, the prime booking window is 0-3 days for business properties, out of which same day booking is the strongest,” says Kamal Kishore from Redsky Hospitality.

Revenue Management 71

Revenue Management Revenue Management Forecasting 71

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. This applies universally to profiles for individual guests, travel agents, and companies. Q: Why Did Stayntouch Upgrade its Multi-Property Functionality?

Operations 52

Operations Hotels Scale Occupancy 52

SiteMinder

SEPTEMBER 13, 2022

Modern hotels are set up to welcome a wide variety of guests, from couples to families, business travellers and groups. Room types can also be a powerful tool that supports your marketing strategy. Hotel rooms by occupancy. A single room is designed for one occupant and has one bed – generally a double or queen bed.

Hotels 72

Hotels Accommodation Occupancy Management 72

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

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

SiteMinder

OCTOBER 11, 2022

In today’s fast-paced travel environment, it’s critical that you automate as many tasks as possible. Naturally, this can increase your relevance in search engine results and online presence, allowing more travellers to discover your property during their online booking journey. Develop a better rapport with your target market segment.

Hotels 52

Hotels Management Revenue Management Revenue 52

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