STAAH

APRIL 16, 2024

Hoteliers need to employ smart strategies to optimize revenue and profitability. One of the most powerful tools in their arsenal is a robust Revenue Management Solution (RMS). 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

Little Hotelier

APRIL 10, 2024

Automation brings freedom and peace of mind Even with just four glamping pods, having software in place to manage day-to-day tasks is crucial for time management and revenue optimisation. However, ensuring guests book directly is just as essential for revenue optimisation. Tracy states that Little Hotelier has been invaluable. “It

Revenue 52

Revenue Management Small Business OTA 52

SiteMinder

OCTOBER 26, 2023

Dallas, USA – Brittain Resorts & Hotels (BRH), a leading full-service hospitality management company, has adopted SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, as part of its newly-announced business intelligence technology matrix.

Revenue Management 81

Revenue Management Revenue Resorts Management 81

STAAH

AUGUST 20, 2023

The Thai beach resort attributes the revenue surge to the efficiencies in online distribution and direct bookings via STAAH. They wanted a platform that was fast and performant – quickly updating inventory and rates across multiple online channels, minimising errors and overbooking. STAAH ticked all the boxes – and more.

Revenue 76

Revenue Overbooking Resorts Occupancy 76

Inn Quest

SEPTEMBER 5, 2023

Hotel inventory management is the process of efficiently overseeing and optimizing a hotel’s available resources including rooms, services and facilities, to maximize revenue and guest satisfaction. Food and Beverage: Restaurants, bars and room service are vital revenue streams.

Management 87

Management Overbooking Revenue Hotels 87

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

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. Revenue managers have had to up their ante on monitoring local trends and populace segments to get a better understanding of demand.

Revenue Management 71

Revenue Management Revenue Management Forecasting 71

STAAH

OCTOBER 15, 2023

This led to rate disparity, overbooking and inventory discrepancies. Rudraksh Club & Resort uses the STAAH Max Channel Manager which is powered by two-way API connections with more than 200 online channels, multiple PMS providers, revenue management systems, payment gateways and more.

Overbooking 82

Overbooking Occupancy Accommodation Resorts 82

SiteMinder

JANUARY 21, 2024

The ultimate challenge for us was to maximise our occupancy rate each month and reduce our overbookings as much as possible.” “Moreover, managing OTA inventory and data insights with quality and completeness to further develop the analysis of our target customers was important but also difficult.”

Resorts 52

Resorts Overbooking OTA Occupancy 52

Inn Quest

APRIL 5, 2023

Anyone who has worked in the hospitality industry for a few years would enthusiastically attest to the importance of yield management in hotels, particularly in hotel revenue management. Yield management is a pricing strategy that predicts customer demand and adjusts prices to maximize revenue.

Yield Management 88

Yield Management Management Occupancy Revenue 88

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

Inn Quest

AUGUST 8, 2023

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. During peak seasons, when rooms are in high demand, higher rates can help control the rate of bookings, preventing overbooking scenarios.

Overbooking 88

Overbooking Hotels Occupancy Revenue 88

SiteMinder

AUGUST 29, 2023

Understanding and controlling hotel operating costs While revenue generation often takes the spotlight, equally crucial is the understanding and control of hotel operating costs. Typical hotel operating expenses list Managing a hotel’s finances requires a keen understanding of both its revenue streams and its operating expenses.

Revenue 52

Revenue Hotels OTA Operations 52

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

Hotelogix

MAY 16, 2024

Sell more rooms: With increased online visibility, you can drive more bookings while eliminating overbookings and guest dissatisfaction.    Boost revenue: Make the best use of an upselling/cross-selling strategy. Pricing intelligence: Understand competition rates and sell at the best rates to boost RevPAR and occupancy. 

Operations 52

Operations OTA Hotels Revenue 52

SiteMinder

MAY 2, 2023

At the same time, availability is adjusted across all channels, which reduces the risk of overbookings. “We Dynamic online distribution and more revenue The channel manger feature has also helped Town Hotel to improve its online reach. This in turn has a positive impact on occupancy and revenue.

Overbooking 97

Overbooking Online Sales Hotels OTA 97

Inn Quest

SEPTEMBER 12, 2023

The goal is to provide excellent guest experiences while maximizing revenue and maintaining cost control. High-quality food and beverage services enhance the overall guest experience and can be a significant revenue generator. Effective revenue management is crucial to optimize room rates, occupancy levels, and overall revenue.

Operations 88

Operations Management Revenue Revenue Management 88

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

Hotelogix

FEBRUARY 13, 2024

Without the orchestration of advanced technology, many things can go wrong at every level across departments, leading to operational inefficiencies, fewer sales, unhappy guests, and diminished revenues. It will lead to revenue leakage.   Rate/revenue management A large hotel with 200+ rooms will have multiple room types.

Management 59

Management Hotels Revenue Management Occupancy 59

Little Hotelier

MARCH 10, 2024

It centralises information on bookings, customer interactions, and revenue streams, allowing hoteliers to efficiently track performance and make informed decisions. 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

APRIL 28, 2022

The booking engine is designed to ensure that the direct booking process is quick and easy, increasing occupancy rates and ensuring that you are getting the maximum revenue possible, by cutting out online travel agent commission costs. One of these is overbookings. Ultimately increasing my occupancy and avoiding overselling.”.

Overbooking 52

Overbooking OTA Occupancy Hotels 52

Little Hotelier

JULY 31, 2023

It’s designed to maximise hotel occupancy through its distribution channels. Maximise your property's performance with Little Hotelier Little Hotelier integrates seamlessly with Hotelbeds and MaxiRoom, helping you maximise your bookings and smash your revenue targets. What is MaxiRoom? Learn more Is Hotelbeds owned by Expedia?

Cancellation 52

Cancellation Overbooking OTA Occupancy 52

SiteMinder

SEPTEMBER 6, 2023

The more you can funnel guests through your own website, the more you retain full control over the revenue and the guest experience. Any hiccups or delays can lead to booking abandonment, leaving potential revenue on the table. But it’s not just about the bottom line.

Hotels 98

Hotels Revenue Occupancy Services 98

eZee Absolute

FEBRUARY 27, 2024

The channel manager’s user-friendly interface and robust features made it easy to manage rates and availability across all connected channels, ensuring real-time updates and eliminating overbooking risks. This streamlined approach minimized the risk of overbooking or underbooking, ensuring optimal occupancy rates year-round.

Overbooking 52

Overbooking Global Distribution System Hotels Management 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

SiteMinder

NOVEMBER 15, 2022

Hotel overbookings can be a divisive topic. Some hoteliers love using this strategy to boost their revenue and protect their property from losing out due to last-minute cancellations. However, you can minimise the risk of having to walk travellers if you have a solid overbooking strategy. What happens when a hotel overbooks?

Overbooking 52

Overbooking Cancellation Occupancy Closing 52

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. Increase revenue and profitability An integrated booking engine is a game-changer for increasing revenue and overall profitability.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

Hotel Business

APRIL 4, 2023

Not only does Tripleseat push the name of room block details, but it enables operators to better forecast inventory and revenue. Tripleseat and Maestro PMS are streamlining communication to prevent operational disasters like overbooking from ever happening.” Occupancy will be reflected in pickup counts.

Forecasting 59

Forecasting Overbooking Events Sales 59

Little Hotelier

JANUARY 11, 2024

Meanwhile, owners can sell on their direct website without risking overbookings. This kind of pricing strategy helps the property maintain a balanced occupancy throughout the year. Maneerat said it was an important part of the sales strategy at the business. “We Customers can make reservations up to 6 months in advance.”

Services 59

Services Accommodation Overbooking OTA 59

Little Hotelier

JUNE 30, 2023

This understanding is key to efficiently managing your bookings, enhancing the satisfaction of your guests, and optimising your revenue management. This blog will give you a comprehensive understanding of Expedia’s cancellation policy, so you can effectively handle cancellations without impacting your revenue or guest satisfaction.

Cancellation 52

Cancellation Revenue Revenue Management Overbooking 52

Inn Quest

FEBRUARY 1, 2023

Integrated platforms help increase the hotel’s visibility, maximize occupancy, and decrease overbookings. A Revenue Management System can simplify distribution and increase conversion. 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

OCTOBER 5, 2023

Data-driven insights : With tools like Rev+ for revenue management and competitive set analysis, hotel owners can make informed decisions to optimise rates and stay ahead of the competition. You can quickly gauge your booking status, helping you keep track of occupancy and upcoming guest arrivals.

Average Daily Rate 59

Average Daily Rate Hotels Management OTA 59

eZee Absolute

OCTOBER 16, 2023

Increased Bookings and Revenue: eZee’s reservation management system eliminated the chaos of overbookings and cancellations, leading to increased bookings and improved revenue. With a more efficient booking process, the resort achieved higher occupancy rates and a substantial boost in income.

Resorts 52

Resorts Tourism Fair Share Operations 52

Hotelogix

NOVEMBER 30, 2023

An excellent marketing strategy incorporates OTAs to boost sales and revenue. These key distribution channels can help you maximize your revenue only when you know how to make the best use of them. You can charge higher when demand is high and lower when demand is low to keep your hotel at maximum occupancy.

OTA 59

OTA Hotels Online Sales Market 59

Little Hotelier

AUGUST 1, 2023

Get the right price for your rooms with Little Hotelier Manage bookings effortlessly and increase revenue. Priceline’s ‘Express Deals’ is another feature that can help increase your hotel’s occupancy. But the question on many small hotel owners’ minds is “Is Priceline legit for hotels?”.

Hotels 52

Hotels OTA Travel Overbooking 52

Clock Software Hospitality

NOVEMBER 3, 2020

Manage Room Inventory Your hotel’s occupancy is the main metric by which you judge how well your business is doing at the moment. But as you know it is often easy to book out, if you go low enough with room rates, that said, booking out does not necessarily translate to improved revenue or guest loyalty.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

SiteMinder

MARCH 20, 2024

. “When I joined Neera Retreat, it was evident that the hotel owner was deeply committed to leveraging technology to enhance bookings and revenue across multiple channels,” she said. Better distribution, easier revenue growth What if you could boost your hotel's bookings and bottom line while also reducing your workload?

Revenue 98

Revenue Branding Overbooking Operations 98