Xotels

MARCH 3, 2025

Revenue management tools are software and systems that help hotels optimize pricing, control cost , maximize occupancy, and increase profitability. It monitors guest reservations, room occupancy, and overall performance metrics. That’s a recipe for overbookings and lost revenue. What Are Revenue Management Tools?

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SiteMinder

JUNE 26, 2024

Here are some of the key benefits: Increased profitability: By setting the right room rates and managing inventory effectively, hotels can maximize their revenue without necessarily sacrificing occupancy rates. Better resource allocation: Revenue management helps hotels predict staffing needs based on anticipated occupancy levels.

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Revenue Revenue Management Upsell Global Distribution System 72

Catala Consulting

MAY 17, 2024

These frontline employees are instrumental in shaping the guest experience, impacting occupancy rates, and ultimately driving revenue. Upselling and Cross-Selling Opportunities Effective Upselling Techniques Reception staff are in a prime position to upsell additional services and room upgrades.

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Revenue Management Revenue Management Upsell 52

SiteMinder

JUNE 12, 2024

Learn more Yield management vs revenue management The goal of yield management is not merely to increase room rates or occupancy; rather, it’s to maximise your hotel’s revenue by forecasting your room supply and demand across a variety of key factors. This strategy aims to ensure maximum occupancy.

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Yield Management Management Revenue Management Revenue 98

Fuel Travel

JULY 11, 2024

It also prevents overbooking and keeps everything in sync, allowing guests to tailor their stay preferences and enhance their experience. A secure, seamless connection ensures that this data is shared in real time, preventing overbooking and cancellations. This integration ensures consistent availability and prevents overbooking.

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Upsell Overbooking Hotels OTA 52

Hotel Speak

JULY 24, 2024

Effective hotel distribution strategies enable hotels to target the right audience, optimise occupancy rates, and enhance revenue management. Where hotels capture guest contact data they can offer a wide array of services before or upon arrival to offer upsell opportunities.

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OTA Hotels Revenue Marketing 101

Little Hotelier

OCTOBER 30, 2024

This will save you from the hassle of manual updates and reduce the risk of overbookings or missed payments. This tool helps automatically adjust room rates based on demand, competition, and occupancy. Upselling integrations Maximise your revenue by integrating upselling tools into your PMS. Streamlined operations.

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OTA Motels Upsell Overbooking 59

SiteMinder

SEPTEMBER 6, 2023

This efficiency not only reduces operational costs but also minimises the risk of overbooking or scheduling conflicts. Moreover, instant confirmation emails can serve as a platform for upselling additional services, further boosting revenue. Real-time updates With an online booking system, everything is updated in real-time.

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Hotels Revenue Occupancy Services 98

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. Upsells and add-ons. With the Cloudbeds Booking Engine, your PMS and Channel Manager are automatically updated to prevent overbookings.

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OTA Upsell Average Length of Stay Revenue 98

SiteMinder

JANUARY 14, 2025

The corporate travel market can be a particularly valuable one to tap into, as it can be less price sensitive and can significantly boost mid-week and low season occupancy rates. The simple SiteMinder GDS user experience reduces the risk of overbooking and simplifies reservation management for hotels.

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Global Distribution System Upsell Hotels Travel 52

eZee Absolute

FEBRUARY 7, 2024

Maintaining rate parity, real-time inventory, handling overbookings and under-bookings, and whatnot! Upsell Other services: With the booking engine, you should be able to upsell your extra services along with accommodation, thus giving you a chance to increase your revenue. But then, ever wondered how much it’s worth?

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Upsell Hotels Overbooking Revenue 59

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 ultimately increases their profitability by maximising revenue and occupancy. to offer them personalised experiences.

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Hotelogix

MAY 1, 2025

Integrating your booking engine with a cloud-based PMS ensures real-time updates in availability and pricing across all channels, preventing overbookings and rate mismatches. Recent studies show that hotels implementing dynamic pricing strategies achieve higher occupancy rates compared to those with static pricing models.

OTA 52

OTA Hotels Occupancy 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. Having complete control over occupancy 24/7 will certainly cut down on the manpower it takes to keep inventory in order and prevent unwanted overbookings.

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Hospitality OTA Revenue Management Hotels 52

Cloudbeds

APRIL 15, 2024

Guest experience automation Powering improvements to the guest experience are tools that enhance guest engagement and self-service, like automated email confirmations and pre-arrival messages, upsell tools, and mobile check-in applications.

Revenue Management 98

Revenue Management Hotels Operations Revenue 98

Cloudbeds

FEBRUARY 28, 2024

When travelers book on your website, you can upsell them to premium rooms and cross-sell onsite services and add-ons like breakfast, dining, spa, and recreation. This will help you increase occupancy, maintain rate parity, and prevent pricing errors, overbookings, and lost sales. Generate more revenue.

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Revenue Management Hotels Revenue Operations 98

Xotels

APRIL 3, 2024

Inventory Management & Overbooking When looking to maximise profits, having room availability data at your fingertips can give a hotel a competitive advantage, and optimise prices according the hotel inventory you have left on the books. In addition to these techniques, leveraging technology is essential for maximising ancillary revenue.

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Revenue Management Revenue Management Ancillary Revenue 76

Cloudbeds

JULY 15, 2023

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. In the case of one-way sync, reservations or cancellations will not be imported.

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Management OTA Cancellation Overbooking 76

AskSuite

JULY 20, 2023

It begins with laying out realistic targets, then on-point upselling and cross-selling, culminating in the art of tailoring unique sales alternatives. Key strategies for upselling and cross-selling Upselling and cross-selling aren’t just about making quick sales, but rather enhancing the guest experience while maximizing profits.

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Hotelogix

OCTOBER 18, 2024

Reservation Management: Effectively managing reservations ensures that the hotel maintains high occupancy levels while minimizing overbooking issues. Importance of Upselling: Training staff to suggest additional menu items can enhance the dining experience and boost revenue.

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Operations Management Hotels Services 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. 

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Operations OTA Hotels Revenue 52

StayNTouch

NOVEMBER 16, 2022

It’s critical to integrate your PMS and booking engine with a channel manager so that you can efficiently manage distribution through multiple OTAs, gain valuable data on channel profitability, and prevent overbookings. A channel manager is also an important hub for customer data and business intelligence.

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OTA Hotels Revenue Overbooking 52

Hotelogix

OCTOBER 19, 2023

It improves a hotel's online visibility and sales while eliminating overbooking.  The primary objective is to help hotels sell more at the best rates to the right guest to boost occupancy and revenue.  It also helps in upselling and cross-selling for more revenue. 

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Hotels Revenue OTA Management 52

eZee Absolute

SEPTEMBER 26, 2024

Plus, it messes with the hotel’s overall occupancy rate, which is like the hotel’s report card. For example, if a hotel notices a spike in no-shows on weekends during peak season, they can adjust their staffing or overbooking strategy. Consider offering the room to waitlisted guests or upselling to walk-in customers.

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Cancellation Hotels Revenue OTA 52

Xotels

APRIL 3, 2024

Inventory Management & Overbooking When looking to maximise profits, having room availability data at your fingertips can give a hotel a competitive advantage, and optimise prices according the hotel inventory you have left on the books. In addition to these techniques, leveraging technology is essential for maximising ancillary revenue.

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Revenue Management Revenue Management Ancillary Revenue 40

SiteMinder

OCTOBER 11, 2022

A PMS also significantly reduces the risk of overbooking your rooms, directly improving the guest experience at your property. Easy reservation and upselling processes. Your property management system should help you efficiently and effectively manage your reservations by automating the process for you. Multifunctional.

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Hotels Management Revenue Management Revenue 52

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.

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Overbooking Occupancy Revenue Hotels 98

Cloudbeds

JUNE 8, 2023

From increasing occupancy to generating direct bookings and increasing ADR, lodging operators have a lot on their plate. At full occupancy , that’s $6,375 in potential revenue each day. At its average occupancy rate of 72%, the average revenue per night is $4,590. No more overbookings. of revenue per hour. Pre-arrival.

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Management Hotels Revenue Digital Marketing 98

Hotelogix

MAY 9, 2025

What is Yield Management and Why It Matters for Hoteliers Yield management is a core revenue strategy in hospitality that enables hotels to adjust room rates based on real-time demand, booking pace, and occupancy forecasts. Better Occupancy Control: Maximize sold rooms without overbooking or rate dumping.

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Yield Management Management Occupancy Forecasting 40

Hotelogix

APRIL 16, 2025

Meanwhile, nationwide hotel occupancy reached 67.5% 👉 Read Also - Motel vs. A cloud-based PMS not only streamlines front desk operations but also integrates seamlessly with tools like a channel manager to ensure real-time room availability across OTAs, reducing overbookings and manual errors.

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