Hotel Business

JUNE 27, 2023

The same strategic thinking and revenue management principles applied to these core hotel services should also be directed toward parking facilities. When viewed from this lens, parking is not just an ancillary service or an amenity offered for convenience, but a dynamic asset with serious revenue potential.

Revenue

Hotelogix

NOVEMBER 30, 2023

For guests, they are like the ultimate platform to look at multiple options, compare rates, read reviews, see hotels’ online scores, etc.,   Importance of OTAs for hotel booking As online sales channels, OTAs generate about 50% to 55% of hotel bookings. before making the reservation - everything in one place.

OTA

SiteMinder

NOVEMBER 15, 2022

Many hotels do this deliberately to offset last-minute cancellations or no-shows and avoid losing revenue and occupancy. Monitor occupancy levels and close reservation channels before you get too many overbookings. Use this information to gauge how many extra bookings you can accept and close sales in time.

Overbooking

SiteMinder

JANUARY 16, 2024

They’ve had prior experiences with our services, which they’ve found pleasing, leading them to consistently select our establishment for their lodging requirements,” said Jeremy. Hoteliers can boost their occupancy and drive revenue effortlessly by showcasing their property across numerous channels without additional charges.

Revenue

SiteMinder

JANUARY 16, 2024

They’ve had prior experiences with our services, which they’ve found pleasing, leading them to consistently select our establishment for their lodging requirements,” said Jeremy. Hoteliers can boost their occupancy and drive revenue effortlessly by showcasing their property across numerous channels without additional charges.

Revenue

eZee Absolute

NOVEMBER 1, 2022

Room revenue is expected to reach $168 billion and occupancy is projected to be 63.4%. Costar ) Online sales in the hotel segment will generate 80% of total revenue by 2026. Hotel Management) 47% of hotel guests would prefer to order room service if the hotel has the option of ordering via an app. Services Recommendation.

Hospitality

Xotels

AUGUST 15, 2022

Unfortunately, the average occupancy per person per room was actually 20% lower than normal, which made it impossible to reach the total revenue target, because the average room rate was totally off. Contact us for hotel consulting services to help build a solid plan to outperform your competition. Hold on, it gets even funnier.

Marketing

Cloudbeds

JULY 15, 2023

Channel mapping: The software maps room types to each channel’s formatting requirements so that rooms display consistently across all online sales channels while also syncing seamlessly back into the PMS. This leads to higher occupancy, especially in times of low demand when it’s needed the most. Industry Recognition.

Management

Inn Quest

MARCH 23, 2023

Revenue is forecast to have an annual CAGR of 1.85% between now and 2027. 23% of bookings are currently made offline. 91% of total revenue will be generated through online sales by 2027, reaching a market volume of US$7.27 According to Tourism Australia, there were 2.2

Forecasting

Little Hotelier

OCTOBER 21, 2024

It allows you to sell your rooms through: Your own website Your social media pages Metasearch sites like Google Hotel Ads The system can take credit card details and work with an online merchant service or integrate with a payment gateway, or online payment processing software , to process deposits and payments.

OTA