This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
For years, the gold standard guiding business strategies for hotels has relied heavily on historical data, analyzed a few times a year (at best), making it difficult to swiftly respond to changing market conditions. For hotels, this includes making dynamic rate suggestions and identifying segments and offers for marketing campaigns.
The APAC RevenueManagement Summit returned to Melbourne this week under the fitting theme: Simply the Best. Just like in retail, every interaction is a chance to upsell, cross-sell, and reinforce brand loyalty, Kalan said. The panel explored broader market trends, owner expectations, and revenuemanagement best practices.
Growing revenue from meetings and events requires essential collaboration between Marketing, Sales, and RevenueManagement : Marketing : Targets and attracts the right audiences and event types. Sales : Converts high-potential leads into booked events and upsells delegates on premium offerings.
Tools like personalized email marketing, dynamic content on booking engines, and tailored digital advertising can shift focus from pure rate competitiveness to relationship-building and brand engagement. Things like upselling, cross-selling ancillary services, and promoting on-site spend at restaurants, spas etc.,
A hotel commercial strategy is a coordinated business approach that integrates sales, marketing, revenuemanagement and distribution efforts to maximise total hotel revenue. It aims to drive profitability and improve competitiveness in the market for a hotel business. What is a hotel commercial strategy?
Upsell with Mobile Solutions Leverage YCSs Mobile App for easy upselling and guest engagement. Embrace AI-Powered RevenueManagement Tools like YCSs RevenueManagement System (RMS) analyze booking trends, competitor rates, and market demand to optimize your pricing strategy during peak Songkran periods.
Digitalizing the journey: Mobile keys, on-the-go check-in, and seamless check-out “ At Salto, we believe access to technology should be so convenient that guests actually enjoy using it,” said Nora Urquiza, Hospitality Solutions Business Lead at Salto Systems. “ Receive daily leadership insights and stay ahead of the competition.
Bakul Mandal, Director of RevenueManagement, is a sharp strategist with more than 20 years of experience in driving performance and dynamic pricing. Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex Receive daily leadership insights and stay ahead of the competition.
From making sure staff, guests, and smooth operations are all attended to, we can understand why revenuemanagement so frequently gets put on the back burners. So, let’s provide you with a list of revenuemanagement tools to simplify managing your hotel so much easier: What are RevenueManagement Tools?
This collaboration enables hotels using Infor HMS to drive incremental revenue and elevate guest personalization by seamlessly integrating Plusgradeâs proven upsell technology into the core guest journey. âTogether, weâre bringing ancillary revenue into the digital core of hotel operations â where it belongs.
Markets are saturated. While occupancy is still a core metric, relying on it too heavily can leave your property management business vulnerable to seasonal swings, economic uncertainty, and a volatile demand environment. Revenue Stream #1: Upsells and Add-Ons for Guests Guests are willing to spend more if it enhances their experience.
Zucchetti North America launches Lybra Assistant in North America Zucchetti North America has introduced Lybra Assistant, its next-generation revenuemanagement system (RMS), to the North American market. Plusgrade brings a new level of sophistication to upselling.
Use Dynamic Pricing: Automate Pricing with Tools: Use tools or software (like a Property Management System or PMS) to automate your pricing decisions. These tools can adjust your rates automatically, based on real-time data and market trends. If they lower their rates, you might need to adjust yours to stay competitive.
However, with many options on the market, choosing the right one can feel overwhelming. Engage with key teams, such as reservations and marketing, to gather insights into the challenges they face. For example, does your reservation team struggle with outdated guest preferences, leading to missed upselling opportunities?
Business intelligence software To improve EBITDAR, teams can use business intelligence software to collaborate, identify opportunities to reduce costs, and find ways to increase revenue. 7 tips to improve EBITDAR As a profit metric, EBITDAR can be improved in two ways: increasing revenue and reducing costs.
This not only streamlines the ordering process but also increases revenue opportunities for hotels by encouraging upselling and cross-selling. By prioritizing efficiency, hotels can not only survive but thrive in an increasingly competitive market, ultimately leading to greater success and sustainability.
An advanced channel manager, STAAH integrates with a number of PMS providers, making it a popular choice for many hoteliers. With a properly integrated channel manager, booking engine and PMS, you will unlock revenue optimisation gold. You can maximise occupancy and revenue without manual rate updates.
Related Articles Sabre Hospitality partners with Golden Chain to increase revenue and drive sustainability by providing digital gift cards 6 June 2025 Japan’s Minacia Co., Related Articles Sabre Hospitality partners with Golden Chain to increase revenue and drive sustainability by providing digital gift cards 6 June 2025 Japan’s Minacia Co.,
For their direct channel, hotels typically allocate a yearly budget for their team, marketing, and technology costs. Direct bookings, on the other hand, involve a combination of fixed costs (such as people, technology, and brand marketing) and variable costs (such as performance marketing and paid media).
âBy combining Duettoâs robust revenue data with THNâs powerful direct booking platform, hotels can now deliver highly personalized and timely offers to potential guests, driving conversion and maximizing revenue,â said John Lingos-Webb, VP of Global Partnerships & Alliances at Duetto.
Tools like smart dashboards and AI-powered messaging flows aren’t just simplifying operations—they’re increasing revenue and guest satisfaction by acting on real-time insights. This enables instant alerts on drops in conversion rates, underperforming channels, or missed upsell opportunities. The result?
Tools like smart dashboards and AI-powered messaging flows aren’t just simplifying operations—they’re increasing revenue and guest satisfaction by acting on real-time insights. This enables instant alerts on drops in conversion rates, underperforming channels, or missed upsell opportunities. The result?
But here’s the good news: a streamlined, intuitive PMS UX can turn hotel operations around—boosting staff productivity, enhancing guest satisfaction , and improving hotel revenuemanagement. This is a game-changer for efficient hotel revenuemanagement. million by 2032, growing at a CAGR of 9.79%.
Whether you’re looking for creative hotel marketing ideas for holidays , planning your hotel marketing calendar for 2025, or simply need fresh ways to attract guests during holiday periods, this guide is here to support your next move. Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex
Why Hotel Business Intelligence Matters In today's tough market, you can't just guess. RevenueManagement Figuring out room prices can be tough. Marketing Hotel business intelligence lets you aim your marketing better. This helps you make smart choices about your hotel. Here are some examples.
A CBRE analysis of seven lodges across both countries shows that total revenue per occupied room has risen 59% since 2018 (pre-COVID), with margins up 54%, supported by a global rise in the number of high-net-worth individuals (HNWI’s) and an increased desire for unique experiences.
In addition to driving conversions through a compelling seasonal deal, the message also incentivizes membership sign-ups, seamlessly collecting first-party data and expanding the hotel’s marketing database. Looking for more inspiration? Receive daily leadership insights and stay ahead of the competition.
Tags: IHG Hotels & Resorts , Oman , voco Al Mouj Muscat , Related Articles IHG Hotels & Resorts signs first Vignette Collection in Venice, Italy 22 July 2025 IHG Hotels & Resorts welcomes its first voco to the Republic of Ireland 16 July 2025 IHG Hotels & Resorts strengthens presence in Turkish leisure market with second Holiday Inn (..)
This not only streamlines the ordering process but also increases revenue opportunities for hotels by encouraging upselling and cross-selling. By prioritizing efficiency, hotels can not only survive but thrive in an increasingly competitive market, ultimately leading to greater success and sustainability.
New capabilities like AI-powered inbox consolidation, website-integrated virtual concierge, and automated upgrade offers are designed to enhance personalization, reduce manual workload, and drive new revenue streams. Jurnyâs platform leverages next-generation agentic AI to act autonomously across the full guest journey.
This strategic appointment marks a significant step in reinforcing the Group’s leadership structure, as it continues to expand its presence and partnerships across both national and international markets. Her leadership has contributed to the hotel’s emergence as a leading destination within Rome’s competitive luxury market.
Localise content Describe nearby trails, markets and cultural spots in the same language your audience speaks. Next, feed Tryp.com booking data into your revenue-management system. Key next steps Activate Tryp.com in your channel manager, map each room and rate plan, then run a test reservation to double-check real-time sync.
Tags: Emblems Collection , flagship , Lucknam Park Hotel & Spa , Related Articles Chef Greg Marchand to launch flagship Frenchie Biarritz at soon-to-open Le Regina Experimental 28 April 2023 Harwood International announces flagship boutique Hôtel Swexan 16 December 2022 Related Courses You might also like: The Hidden Power of Dark Social in Hotel (..)
Greg Hegarty, Co- CEO of PPHE Hotel Group , comments: “This site will be a great addition to our development pipeline as we continue to extend our portfolio and presence in the London market. We look forward to bringing Radisson RED to central London, following our recent Radisson RED openings in Berlin and Belgrade.”
He will also play an intricate part in the development side for overall successes, representing Corporate, Owner’s, Sales, Operations, RevenueManagement and F&B at respective properties. Receive daily leadership insights and stay ahead of the competition.
Whether you’re looking for creative hotel marketing ideas for holidays , planning your hotel marketing calendar for 2025, or simply need fresh ways to attract guests during holiday periods, this guide is here to support your next move. Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex
Enhanced market insights: Hoteliers can harness STRâs robust benchmarking data to better understand market trends. Data-driven decisions: The integration will enable hoteliers to make more informed decisions regarding operations, marketing, and revenuemanagement through real-time performance insights.
The portfolio of solutions provides full-service, mid-scale, and limited-service hotels a range of connectivity options for delivering customized guest Wi-Fi experiences that meet the unique demands of each market segmentâfrom luxury to budget hotels. To see the OPERA Cloud platform in action visit HITEC booth #4015 on June 16-19 th.
These models often lack the context and transparency revenuemanagers need to understand pricing decisions. And as market conditions shift, so do the insightsâmaking this tool an agile companion in todayâs fast-moving hospitality landscape.
Running a hotel today involves managing a complex network of systems from reservations, sales operations, communication channels , marketing tools, and distribution. Upselling Tools This platform allows hotels to offer personalized upgrades, services, or experiences pre-arrival or during the guests stay.
âWhat truly makes Gametime stand out is its ability to meet the specific needs of limited-service hotels while aligning seamlessly with our overall revenuemanagement strategy. Whether general or front desk managers, our staff use it with ease and confidence. GameTime is already in use.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content