Remove Online Marketing Remove Revenue Remove Target Marketing
article thumbnail

Hotel revenue management strategies and solutions

SiteMinder

What is hotel revenue management? Hotel revenue management is the strategic distribution and pricing tactics used to sell perishable room inventory to the right guests at the right time in order to boost revenue growth. What is the primary purpose of revenue management? Revenue management is essential for any hotel today.

article thumbnail

How to start a hotel business plan

SiteMinder

SiteMinder’s platform empowers you to execute your hotel business plan seamlessly and drive revenue growth. Here’s what to include in your executive summary: Hotel concept: Briefly describe your hotel’s unique features, target market, and overall vision.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 Effective Hotel Marketing Strategies to Boost Your Revenue

Xotels

Balancing direct room sales with third-party websites and online travel agents (OTA’s) is one of the challenges the hotel industry faces in 2023 and beyond. While the ideal scenario is to handle everything independently, relying solely on your own revenue management and hotel marketing strategy may not be sufficient.

article thumbnail

Hotel Budget Plan: Are you Ready for 2023?

Xotels

Get a clear overview of what drove revenues each day. Perform displacement calculations on all segments, channels, and accounts to uncover hidden revenue potential. Hotels in vacation markets for many have been influenced (indoctrinated) by tour operators on how to manage their property. Hold on, it gets even funnier.

article thumbnail

Bed and breakfast marketing: Complete guide for your B&B

Little Hotelier

What is bed and breakfast marketing? Bed and breakfast marketing is a specific approach to marketing your B&B business for attracting potential guests, getting more bookings, and increasing room revenue. Marketing your bed and breakfast is the only way to consistently get bookings and earn revenue.

article thumbnail

Hotel conversion: How to boost your booking conversion rate

SiteMinder

Booking conversions are crucial for your hotel because they directly impact both your revenue and occupancy rates. High conversion rates show that your marketing efforts are working effectively to turn interest into actual stays, which is the ultimate goal for any hotel. Table of contents Why are booking conversions important?

article thumbnail

Hotel email marketing: Guide for small hotels

Little Hotelier

Hotel email marketing is an online marketing technique that helps hoteliers reach a broader audience via email. Hotel email marketing has been done in the hospitality industry for decades now, since email has become a normal part of our everyday lives.