STAAH

NOVEMBER 8, 2022

Like many other areas in travel and hospitality, revenue management has dramatically changed in the last two years. We spoke to leading revenue managers on what they think lies ahead. Don’t rule out presence on OTAs,” suggests Jaydeep, “but make sure you keep up your profiles on other online media.”.

Revenue Management 71

Revenue Management Revenue Management Forecasting 71

Boutique Hotel News

MARCH 6, 2023

Worldwide: Cloud-based business intelligence company OTA Insight has launched Rate Insight+, a commercial tool which combines hotel and short-term rental data into one platform. Rate Insight provides real-time rate information on competitors’ pricing strategy, featuring insights on rates, ranking, reputation, and occupancy.

OTA 52

OTA Occupancy Accommodation Hotels 52

Cloudbeds

MAY 8, 2024

After reading this article, you will learn how an effective analysis of your property’s booking performance will help you better understand your property’s demand patterns and how to leverage them to maximize revenue and occupancy. Occupancy rate indicates the percentage of utilization of hotel rooms.

Cancellation 52

Cancellation Revenue Occupancy Revenue Management 52

Cloudbeds

APRIL 30, 2024

A question that likely keeps you up at night is, ‘How can I boost revenue per available room (RevPAR) and outpace my competitors?’ It’s the bedrock of hotel revenue management , and for good reason. Prices change dynamically (hence the name) using real-time data to maximize your revenue and occupancy rates.

Revenue Management 52

Revenue Management Revenue Occupancy Hotels 52

Xotels

APRIL 3, 2024

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.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

STAAH

JANUARY 28, 2024

STAAH came recommended by other industry professionals and while the switch was triggered by a lack of customer service from the other provider, the deal to partner with STAAH was sealed by its superior technology with a comprehensive channel management solution that aligned perfectly to J7 Hotels’ operational needs. Find out more.

Revenue 84

Revenue Revenue Management Hotels Services 84

Little Hotelier

MARCH 10, 2024

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. A highlight is the ability to monitor room sales across OTAs and compare rates with competitors.

Hotel Sales 52

Hotel Sales Sales Revenue Management Revenue 52

Hotel Business

MARCH 16, 2023

The report highlights the following insights: ADR and occupancy Among independent properties, hotel rates increased slightly from 2019 to 2020 and continued to grow in 2021 and 2022. Booking source In 2019, OTA-sourced bookings made up 57% of all reservations, while non-OTA bookings made up the remaining 43%.

Average Length of Stay 52

Average Length of Stay OTA Occupancy Digital Marketing 52

SiteMinder

APRIL 11, 2023

We recently spoke with Tini Diekmann, Sales and Revenue Manager as well as Deputy Hotel Manager of Hotel Oderberger Berlin. She told us about the reason they chose to implement SiteMinder’s platform in 2022 and how this has allowed her to be more effective and efficient in managing online distribution.

OTA 105

OTA Hotels Management Revenue Management 105

STAAH

MAY 30, 2023

Analyzing revenue streams using a channel manager’s dashboard helps revenue managers gain insights for creating an optimal online distribution strategy. 8) Online Travel Agents (OTAs): Working with multiple online travel agents (OTAs) is crucial for increasing digital distribution and overall occupancy.

OTA 82

OTA Hotels Revenue Travel 82

SiteMinder

OCTOBER 10, 2023

Discount pricing is a revenue management strategy where prices are lowered temporarily or for certain conditions to attract guests and boost occupancy rates. Monitoring market demand and adjusting discount pricing accordingly can help maximise occupancy and revenue. OTAs OTAs are a double-edged sword.

Occupancy 59

Occupancy Events OTA Upsell 59

Hotelogix

FEBRUARY 13, 2024

  Online distribution Managing online distribution across various channels (OTAs, direct bookings, GDS) without an integrated system is arduous in today's digital age.   Rate/revenue management A large hotel with 200+ rooms will have multiple room types.

Management 59

Management Hotels Revenue Management Occupancy 59

Hotel Business

MAY 16, 2023

Additionally, hoteliers should find the right balance of automation to support revenue management. Using the automation tools in your PMS, you can track trends, easily adjust where occupancy is sitting and implement changes through tools vs. spending hours manipulating your rates. That integration has gone well.

Revenue 96

Revenue Revenue Management Occupancy Operations 96

Little Hotelier

OCTOBER 17, 2023

Learn more Strategies to increase hotel revenue There are a lot of strategies that can be used to increase hotel revenue – but it’s important to be focused and committed to the plans you make. You can use a tactic known as the Billboard Effect to link your website to your OTA profiles, convincing guests to check you out.

Revenue 100

Revenue Hotels OTA Ancillary Revenue 100

Cloudbeds

APRIL 8, 2024

Many hoteliers question if it’s worthwhile investing in a direct booking strategy or if they can solely rely on online travel agencies (OTAs) like Airbnb, Booking.com, or Trip.com to fill occupancy. Integrating with these engines and offering real-time pricing and availability ensures that guests book directly instead of with an OTA.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

eZee Absolute

MAY 7, 2024

But hotel revenue management can be your secret wand. Revenue management is about more than just the right pricing. It’s about knowing what guests need, predicting bookings, and adjusting rates to make more revenue. In the ever-competitive world of hospitality, staying ahead can be a real challenge.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

Inn Quest

SEPTEMBER 5, 2023

Effective hotel inventory management relies on technology solutions like Property Management System s (PMS), Channel Managers, and Revenue Management Systems (RMS) to automate tasks, analyze data and make informed decisions. Implementing an RMS helps maximize revenue by adjusting rates dynamically.

Management 87

Management Overbooking Revenue Hotels 87

Catala Consulting

DECEMBER 28, 2023

Revenue Management: Advanced revenue management techniques, often involving predictive analytics and dynamic pricing, have allowed hotels to maximize occupancy and revenue. Why Catala Consulting’s Outsourced Revenue Management?

Management 52

Management Revenue Management Revenue Hotels 52

SiteMinder

JANUARY 8, 2024

Types of hotel management If we zoom in on accommodation management, it too can be divided into a few different categories, which reflect the broad range of tasks and challenges that hotel management presents. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR).

Operations 59

Operations Management OTA Hotels 59

Hotelogix

DECEMBER 25, 2023

  More online room sales A cloud-based PMS can easily integrate with other third-party hospitality solutions like a hotel channel manager. The integration allows real-time rates and inventory updates across multiple online sales channels, including OTAs and metasearch engines.

Revenue 59

Revenue Sales Hotels Shopping 59

Clock Software Hospitality

NOVEMBER 3, 2020

Here are some of the ways in which hotel PMS solutions can aid a hotel in improving daily operations: Increase RevPAR via Direct Bookings Online travel agencies (OTAs) allow hoteliers unlimited access to a large pool of potential guests, charging a commission for every booking made through them.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

SiteMinder

JANUARY 8, 2024

Types of hotel management If we zoom in on accommodation management, it too can be divided into a few different categories, which reflect the broad range of tasks and challenges that hotel management presents. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR).

Operations 52

Operations Management OTA Hotels 52

SiteMinder

OCTOBER 9, 2023

These metrics encompass a wide range of areas, from financial figures like revenue per available room (RevPAR) and average daily rate (ADR) to operational aspects such as occupancy rates and guest satisfaction scores. Distribution channel performance is vital to know which channels (like OTAs, direct bookings) are most profitable.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

TravelNet

AUGUST 28, 2023

Built by revenue managers for revenue managers, Art’s simple, fast, and intuitive interface provides a slick user experience while delivering dynamic rates that respond to rapidly changing market conditions. Stronger Security Have you been hacked yet?

Average Daily Rate 52

Average Daily Rate ROI OTA Revenue Management 52

Travelboom Marketing

NOVEMBER 7, 2023

Rather, you need to ensure your efforts here are driving meaningful engagement , traffic, (and revenue). OTAs: At TravelBoom we like to think of the OTAs as a new business tool, not a set-and-forget way to fill empty rooms. Are you successfully converting your OTA bookings to direct guests? Don’t skip this step!

Hotel Marketing 96

Hotel Marketing Market Marketing OTA 96

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. It allows you to manage bookings, adjust nightly rates, availability, and streamline inventory management. A particularly useful feature is the rate management tool.

Average Daily Rate 59

Average Daily Rate Hotels Management OTA 59

Cloudbeds

FEBRUARY 15, 2023

For example, a hotel pays the same rent and property taxes whether it’s running at 30% occupancy or 100% occupancy. Examples of fixed costs in hotels include: Payroll-related expenses Rent or mortgage Property taxes Insurance Fixed monthly bills like cable and internet Franchise and management fees (if applicable) Technology (E.g.,

Operations 52

Operations Occupancy Revenue Hotels 52

Hotel Speak

AUGUST 29, 2023

Calling your compset to check their prices daily or switching between OTAs and manually registering them to a spreadsheet is unsustainable. Never miss a revenue opportunity : The perishable nature of hotel room inventory makes dynamic pricing especially important. Why should you invest in a hotel rate shopper? Here are the main ones.

Business 52

Business Shopping OTA Hotels 52

Inn Quest

FEBRUARY 1, 2023

Hotel managers must be aware of what is said about their hotel online and ensure that they provide excellent service and address any issues guests may have. Hoteliers can also use a channel manager to seamlessly connect with popular OTAs such as booking.com, Expedia, AirB&B, etc.

Management 88

Management Consumer Hotels Overbooking 88

SiteMinder

JULY 25, 2022

It’s a key metric for you to measure and track if you want to build an effective hotel revenue management strategy. By looking at ADR, you can easily start to strategise ways to boost your bookings and revenue. With higher occupancy, you have more chances to win revenue from guests during their stay.

Average Daily Rate 52

Average Daily Rate Upsell Occupancy Revenue 52

SiteMinder

MAY 14, 2023

More strategies lead to a 50% increase in overall bookings thanks to the SiteMinder platform At Kirimaya, an emphasis is placed on RevPAR (Revenue Per Available Room), a metric that measures hotel room sales and how revenue from those sales is measured. It aids hotels in evaluating their overall revenue management approach.

Revenue 97

Revenue Sales Yield Management Occupancy 97

SiteMinder

FEBRUARY 25, 2024

decrease in occupancy during December. Google says “ …not now, not ever ” will it become an OTA (Online Travel Agent). This drives many travellers to the big name OTAs – 23% of Millennials choose OTAs based on ease-of-use over price, user-friendliness and security. The average guest spends 4.5

Hospitality 52

Hospitality Cancellation OTA Tourism 52

Little Hotelier

MARCH 23, 2023

What is occupancy rate? Occupancy rate determines how full your hotel is at any given time. Your property’s occupancy rate is one of the most important indicators of success. What is the formula for occupancy rate? For example, if you have 20 rooms, but only 10 are occupied, your occupancy rate will be 50%.

Occupancy 52

Occupancy Average Daily Rate Revenue Management Revenue 52

Cloudbeds

FEBRUARY 15, 2023

For example, GAC is typically higher in low seasons when room rates and occupancy are lower, and lodging properties spend more on marketing campaigns. For example, if you found that your GAC for OTA bookings is 41%, whereas your GAC for direct bookings is 7%, where would you want to prioritize bookings?

OTA 52

OTA Cost Per Click Revenue Market 52

eZee Absolute

SEPTEMBER 11, 2023

Dynamic pricing is an important aspect of revenue management and is one of the most innovative hotel pricing automation technologies that hoteliers cannot miss. Hotel dynamic pricing strategies empower you to consistently find the right pricing balance, attracting guests and optimizing revenue for your hotel’s long-term success.

Revenue 59

Revenue Hotels Revenue Management Occupancy 59

SiteMinder

JUNE 29, 2023

What is an OTA channel manager? An OTA channel manager is a tool used to manage online travel agents (OTAs) in a single platform. It is commonly used by hotel sales and revenue managers to update rooms and rates in real-time. Table of contents Why use a channel manager for OTAs?

OTA 52

OTA Management Revenue Occupancy 52

SiteMinder

SEPTEMBER 7, 2023

They help mitigate the revenue loss from unsold rooms and encourage responsible booking behaviour. Extra person fees For rooms exceeding the standard occupancy, an extra person fee is charged to cover the additional costs of amenities and services. Furthermore, some new fees are becoming increasingly-common too.

Revenue 105

Revenue Hotels Services Cancellation 105