Little Hotelier

FEBRUARY 25, 2024

What is revenue management consulting? Revenue management consulting is specialised expertise that a business can bring in to gain guidance on managing and optimising revenue. An investment in hotel revenue management services is therefore one that can quickly deliver an attributable return.

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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). In the ever-evolving hospitality industry, staying competitive demands more than just offering great accommodations and service.

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Demand Calendar

JULY 5, 2023

In the realm of revenue management, this problem is particularly acute. Revenue managers are often caught in a balancing act, trying to maximize revenue, manage costs, and ensure customer satisfaction while dealing with the daily pressures of occupancy rates, room pricing, and customer feedback.

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Hotel Speak

AUGUST 9, 2023

In the dynamic landscape of the hospitality industry, effective hotel revenue management stands as a cornerstone for optimizing profits. Understanding the Essence Hotel revenue management is a strategic process encompassing the precise pricing of hotel rooms to unlock their full revenue potential.

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Hotelogix

NOVEMBER 19, 2023

As a hotelier, boosting the occupancy rate is critical to running a successful business. In a highly competitive industry, you must attract and retain guests to increase your property's occupancy rate and revenue. This article will explore various ways to improve hotel occupancy rates and the role of technology in it. 

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Catala Consulting

JANUARY 18, 2024

In the dynamic world of hospitality, the UK market stands out as a beacon of innovation and adaptation, particularly in the realm of hotel revenue management. This article explores the top trends in hotel revenue management, yield management, and revenue management in the UK, offering insights and strategies for hotel professionals.

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Hotel Business

APRIL 5, 2024

Additionally, they have employed clever, dynamic revenue management strategies to ensure their prices reflect the demand.” This will maximize their opportunities to upsell to today’s experience-led, deal-hungry travelers, thereby further increasing their revenue.” The post SiteMinder: Solar eclipse boosts occupancy across U.S.

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TravelNet

JUNE 22, 2023

All reasons why employing a dynamic revenue management strategy is critical to maximizing revenue and retaining owners during this extremely competitive environment. Can you maintain an effective revenue management strategy without software? This is the science behind revenue management.

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Belza

JULY 2, 2023

Understanding Hotel Revenue Management Strategies and Their Impact on Occupancy Rates | Hotel Marketing

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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. It can literally cost us millions.

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SiteMinder

OCTOBER 9, 2022

Whether you are new to the industry or catching up with the fast evolution, this blog will introduce you to the responsibilities of revenue managers and how they can succeed in 2022. What is a revenue manager? A revenue manager is responsible for pricing hotel inventory (rooms) to maximise profit.

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STAAH

OCTOBER 25, 2022

From irregular demand patterns to changing distribution mix and a depleted talent, here’s a roundup of challenges faced by revenue managers from India right now. The STAAH team went out to leading revenue managers from India to understand what are the biggest challenges they are facing. Lack of skilled staff.

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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.

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Revenue Management Revenue Management Forecasting 70

Catala Consulting

NOVEMBER 18, 2023

The Evolution of Hotel Revenue Management In its early stages, hotel revenue management was a game of numbers – it was all about filling rooms and adjusting prices based on demand. As the industry evolved, so did the concept of revenue management. Revenue management software is a prime example.

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SiteMinder

MAY 18, 2022

In this edition we spoke to Markus Seemann, founder of 9seemeilen Hospitality, about all things hotel revenue management. Every hotel deserves professional revenue management. I believe that not only chain hotels should have access to revenue management but also all other hotels. Table of contents.

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eHotelier

MAY 7, 2023

Australia’s accommodation industry conference Maximum Occupancy announced its first line-up of speakers.

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Webrezpro

AUGUST 28, 2023

Filling rooms during slower travel times is important to ensure your business’s long-term success and relevancy. Contrary to instinct, drastically reducing room rates won’t guarantee midweek bookings. In fact, it eats into your profits and undermines your hotel’s credibility.

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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.

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Amadeus Hospitality

SEPTEMBER 27, 2023

Originally published to the Amadeus newsroom 2023 global hotel occupancy levels are trending 10% ahead of 2022 with Q4 on-the-books reservations up 11% over last year, according to Amadeus data September 27, 2023 – There is a sense of buoyancy in the global hospitality industry as we head into the fourth quarter of 2023.

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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.

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eZee Absolute

SEPTEMBER 22, 2023

In this blog, we’ll break down the various hotel rate types, and how they can benefit your business and provide actionable strategies for you to maximize your revenue and occupancy. This diversity ensures that your hotel remains an attractive option for various guest segments , ultimately leading to increased occupancy.

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Fuel Travel

MARCH 28, 2024

Optimizing Revenue per Available Room (RevPAR) is one of the key focuses of most hoteliers. Navigating the complex world of revenue management requires innovative solutions. While dedicated revenue management software is a component of this process, all of your technology must work together to increase your bottom line.

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Revenue Average Daily Rate Occupancy Digital Marketing 90

Hotelogix

APRIL 22, 2024

Importance of Analysing Hotel Data Hotel data encompasses various information, from guest bookings and preferences to revenue figures and occupancy rates.   Strategic revenue management with hotel data Effective revenue management is critical to your hotel's profitability. What is Hotel Data?

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Demand Calendar

MAY 15, 2023

While comforting in its familiarity, traditional revenue management is akin to focusing on the tip of the iceberg, ignoring the vast potential lurking beneath the surface. It's time to dive deeper beyond the allure of high occupancy rates and RevPAR.

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Revenue Management Occupancy Revenue Hotels 71

Hotel Management

APRIL 23, 2024

Bringing over 20 years of industry experience, Shaizeen Contractor was previously Senior Commercial Director of Australasia at Hilton Hotel, responsible for driving the sales, marketing, distribution, and revenue management strategy for Hilton’s 31 hotels across Australia, New Zealand, Fiji and Papua New Guinea.

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SiteMinder

APRIL 18, 2024

As travellers book further in advance, hoteliers are in a stronger position to forecast occupancy and optimise their revenue management, allowing them to fully leverage events like the London Marathon,” concludes Bishop. He adds: “Alarmingly, the average daily rate at London hotels has decreased slightly by 6.5% year-on-year.

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eZee Absolute

JANUARY 16, 2024

These blogs offer a wealth of knowledge on a variety of topics relevant to the modern hotelier, from revenue management and guest experience to marketing strategies and emerging trends. It is the ultimate guide for hotel pricing with effective pricing strategies you can apply to boost your property’s revenue and stay competitive.

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Hotel Business

APRIL 19, 2023

When hotels can access strong consumer forecasts, they can better plan how to staff their properties, choose which amenities they can offer and decide how to maximize their potential revenue when occupancy is high. Today, this process is supported end-to-end by revenue management technology.

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STAAH

OCTOBER 15, 2023

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. The biggest gain has been the time saved and ease of use when it comes to distribution management.

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SiteMinder

OCTOBER 15, 2023

Taking supply and demand into account, dynamic pricing allows for prices to fluctuate regularly so the hotel can maximise revenue. For example, in the morning you may have lower rates because your occupancy is low and demand is not strong. This will allow them to capitalise on opportunities to boost occupancy and/or maximise revenue.

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Boutique Hotel News

APRIL 21, 2023

“AI can help analyse data in real time and factor in a wide range of variables such as occupancy rates, weather, time of year, the impact of major events and more – and adjust prices accordingly to maximise occupancy rates,” explained Kim. Read the full interview here.

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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. This integration streamlines the management of bookings, guest information, and operational tasks, enhancing efficiency and data consistency.

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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.

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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.

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Revenue Revenue Management Occupancy Operations 96

Inn Quest

APRIL 3, 2023

For instance, online booking systems, channel managers, and revenue management software can help you manage reservations, room rates, and availability across different channels. This includes implementing mobile check-in and keyless entry , using guest messaging platforms, and providing digital guest directories.

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Operations Revenue Management Forecasting Revenue 88

Hotel Business

JANUARY 24, 2024

“The data is another proof point that occupancy levels have more than stabilized, making for a meaningful rise in RevPAR for our customers.” “The data is another proof point that occupancy levels have more than stabilized, making for a meaningful rise in RevPAR for our customers.” ” For the U.S.

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Hotel Business

APRIL 26, 2024

First-quarter 2024 RevPAR Premium, Midscale & Economy The Premium, Midscale & Economy (PM&E) division posted an 8% increase in RevPAR compared with the first quarter of 2023, still more driven by rates than by occupancy rates. Nevertheless, this slight decline in occupancy was more than offset by higher average rates.

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