Hotel Business

JUNE 27, 2023

by Joshua Miller Optimizing revenue streams and uncovering new ones in the competitive hotel industry is crucial for success. In this article, we will explore the concept of RevPAS (revenue per available space) and share proven strategies we implement for our partners to develop parking as a significant source of revenue.

Revenue 59

Revenue Hotels KPI Revenue Management 59

STAAH

MARCH 3, 2024

The vibrant city hotel’s revenue strategy, driven by STAAH’s OTA connections, resulted in a remarkable 300% year-on-year increase in direct bookings since the transition. However, IDEAS was struggling to achieve this with constant connection issues with multiple online travel agents ( OTAs ).

OTA 109

OTA Online Sales Cancellation Services 109

STAAH

SEPTEMBER 6, 2022

Although the gift card/ voucher sales lead-up to special occasions and during peak season are rapid, they need not be restricted to seasonal or occasional gifting. Automation and partnering with the right technology is an investment to safeguard your brand and grow revenue opportunities. Lack of a sales and marketing plan.

Sales 85

Sales Market Marketing Online Sales 85

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.

Revenue Management 52

Revenue Management Revenue Services Management 52

SiteMinder

MAY 21, 2023

Prapinporn Phanchakorn (Assistant Director Of Sales ) said: “We prioritise every guest’s preferred stay period, season, or time of day by expanding our contact channels to cater to all types of visitors. With SiteMinder , the Resort has successfully diversified their sales platforms, even with the same number of hotel employees.

Resorts 98

Resorts Overbooking Yield Management OTA 98

STAAH

FEBRUARY 18, 2024

Breakas Hotel is revolutionizing its distribution and revenue management strategy with bookings increasing four times since moving to STAAH. Knowing the competitive post-Covid industry required them to invest smartly to optimise revenue, Breakas began its search for an efficient technology platform for distribution and bookings.

Online Sales 103

Online Sales Resorts Revenue OTA 103

STAAH

DECEMBER 10, 2023

Its presence across multiple online travel agents (OTAs) was critical for success. Prior to STAAH, The Smith House team had to manually manage room availability, rate adjustments, and limit online sales channels. Revenue managers are supported by data-driven insights that are easily available from its user-friendly dashboard.

OTA 104

OTA Online Sales Revenue Services 104

STAAH

FEBRUARY 18, 2024

Breakas Hotel is revolutionizing its distribution and revenue management strategy with bookings increasing four times since moving to STAAH. Knowing the competitive post-Covid industry required them to invest smartly to optimise revenue, Breakas began its search for an efficient technology platform for distribution and bookings.

Online Sales 98

Online Sales Resorts Revenue OTA 98

SiteMinder

MAY 2, 2023

They told us about how SiteMinder has improved their day-to-day business and even helped them to increase their online sales. Dynamic online distribution and more revenue The channel manger feature has also helped Town Hotel to improve its online reach. “In We save two hours a day using SiteMinder.

Overbooking 97

Overbooking Online Sales Hotels OTA 97

SiteMinder

SEPTEMBER 4, 2023

After 12 years in operation, we recently spoke to Corporate Director for Revenue & Digital Distribution Pawarisa Hirantanes about the group’s journey and its satisfaction with SiteMinder as a technology partner. Further to that, it opens up opportunities to unlock more revenue for the business.

Operations 98

Operations Revenue Hotels OTA 98

SiteMinder

MAY 17, 2023

Given that VALA Hua Hin – Nu Chapter Hotels has partnered with several travel agencies, staff members had to spend a lot of time inputting data and managing the online sales channels manually. This allows us to develop sales strategies that generate the highest revenue, all within a single platform.”

Revenue 52

Revenue Overbooking Operations Online Sales 52

SiteMinder

JANUARY 16, 2024

The incorporation of SiteMinder’s channel manager significantly facilitated the increase in sales across international markets. Hoteliers can boost their occupancy and drive revenue effortlessly by showcasing their property across numerous channels without additional charges.

Revenue 52

Revenue Overbooking Online Sales Management 52

SiteMinder

JANUARY 16, 2024

The incorporation of SiteMinder’s channel manager significantly facilitated the increase in sales across international markets. Hoteliers can boost their occupancy and drive revenue effortlessly by showcasing their property across numerous channels without additional charges.

Revenue 52

Revenue Overbooking Online Sales Management 52

SiteMinder

AUGUST 24, 2022

Nutthaphon Puangkaew , Revenue Manager , spoke about the importance of the customer’s online booking experience. “In In this era, both Thai and foreign customers go online to search for properties to compare prices, look at designs, and find available rooms for specific dates and times.

Online Sales 52

Online Sales OTA Revenue Management Sales 52

Hotelogix

DECEMBER 7, 2023

OTAs are now a great marketing resource for hotel owners, allowing them to reach a wider audience and optimize revenue.   Understanding OTAs OTAs refer to Online Travel Agencies, which are online hotel booking websites for travelers and online sales channels for hotels. Then this guide is all you need. 

OTA 107

OTA Overbooking ROI Hotels 107

SiteMinder

JUNE 9, 2022

It’s also helped us improve performance across the board, for example with regards to revenue management.”. I have seen an increase in direct bookings, the revenue has increased, and it has reduced human error. In particular, the business underlines SiteMinder’s dynamic rates system as key to optimising online sales. .

Online Sales 52

Online Sales Hotels Revenue Management Revenue 52

Xotels

AUGUST 15, 2022

Get a clear overview of what drove revenues each day. Perform displacement calculations on all segments, channels, and accounts to uncover hidden revenue potential. When we were working through the budget for each month, we noticed that several months had targets at revenue levels below last year. Hold on, it gets even funnier.

Market 59

Market Marketing Hotels Target Marketing 59

Hotelogix

NOVEMBER 30, 2023

OTAs are online platforms or websites that sell hotel rooms to customers. An excellent marketing strategy incorporates OTAs to boost sales and revenue. For guests, they are like the ultimate platform to look at multiple options, compare rates, read reviews, see hotels’ online scores, etc.,

OTA 59

OTA Hotels Online Sales Market 59

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 Revenue 59

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Online sales in the hotel segment will generate 80% of total revenue in 3 years. Online travel agencies make up the top two revenue generating positions in 79% of major destinations.

Occupancy 59

Occupancy Hotels Revenue Average Length of Stay 59

Hotel Speak

MAY 28, 2024

Online sales are expected to account for 76% of total revenue in the travel and tourism sector by 2028, by which time, revenue is set to reach £746.4bn ( Statista ). You should never lose a dollar of revenue because of your payment experience.” billion by 2031 ( Research and Markets ). “We

Travel 111

Travel Consumer Business Retail 111

eZee Absolute

NOVEMBER 1, 2022

Statista ) Hotel room nights demand and room revenues in 2022 are expected to nearly return to 2019 levels. Room revenue is expected to reach $168 billion and occupancy is projected to be 63.4%. AHLA ) In 2022, the global travel and tourism revenue will reach over $600 million. Revenue Management. billion in 2021. (

Hospitality 52

Hospitality Revenue Management Revenue Travel 52

MediaBoom

APRIL 18, 2024

According to a McKinsey study , personalized marketing can increase customer engagement by up to 80% , making it a key driver of sales in the luxury sector. The RealReal , a leading online marketplace for luxury consignment, reported a 41% increase in sales in 2023 , demonstrating the growing popularity of resale in the luxury space.

Consumer 98

Consumer Branding Shopping Market 98

MediaBoom

APRIL 3, 2023

Understanding the luxury watch market will help you increase sales and know your target market and what appeals to them. Gen Z Are Driving Sales in Luxury Watch Market Value Gen Z is starting to buy luxury goods, including watches. While interest rates are rising, luxury sales have been immune to this.

Market 52

Market Marketing Digital Marketing Sales 52

Cloudbeds

APRIL 1, 2025

In the battle for direct bookings, hotels face intense competition from OTAs marketing power in the online space. billion on sales and marketing. increase online sales or generate leadsand PMax will run the campaign across Googles entire network, including Search, YouTube, Display, Discover, Gmail, and Maps.

Travel 52

Travel Intent OTA Forecasting 52

SiteMinder

NOVEMBER 15, 2022

Some hoteliers love using this strategy to boost their revenue and protect their property from losing out due to last-minute cancellations. Many hotels do this deliberately to offset last-minute cancellations or no-shows and avoid losing revenue and occupancy. To avoid losing revenue. Hotel overbookings can be a divisive topic.

Overbooking 52

Overbooking Cancellation Occupancy Closing 52

MediaBoom

JULY 13, 2023

Learn the secrets to driving more traffic to your Hotel website, generating more leads, and ultimately increasing sales. According to travel resource Dream Big Travel Far, online sales will account for 73 percent of tourism and travel revenue by 2026. This sets you apart from the competition and gives you an edge.

Marketing Strategy 95

Marketing Strategy Market Marketing Travel 95

Cloudbeds

JULY 15, 2023

For growing hospitality businesses, a channel manager is a fundamental part of successful revenue management and distribution strategy. Channel mapping: The software maps room types to each channel’s formatting requirements so that rooms display consistently across all online sales channels while also syncing seamlessly back into the PMS.

Management 76

Management OTA Cancellation Overbooking 76

Hotelogix

MAY 8, 2025

With Hotelogix’s cloud-based PMS, channel manager , and Web booking engine integration , hoteliers can: - Instantly update room availability, pricing, and descriptions across all online sales channels , ensuring that guests see consistent and accurate information wherever they search.

Hotels 52

Hotels OTA Overbooking Services 52

Inn Quest

MARCH 23, 2023

Other figures from Statista are as follows: Australia’s hotel segment specifically is forecasted to see revenues of US $6.75 of customers are male and 52.3% of customers are of high income status, while 34.4% have medium income and the remaining 24.3%, low income. of customers are ages 18-24; 27.8% are 25-34; 27% are 35-44; 17.5%

Forecasting 52

Forecasting Tourism Average Daily Rate Hotels 52

Hotelogix

FEBRUARY 1, 2024

They cannot increase online sales, keep track of guest preferences, and provide better service to their guests. Consequently, their overall revenue is negatively affected. It is time-consuming and error-prone. It doesn't help them with reports to know what is working for them and what is not.

Management 52

Management Operations Hotels Online Sales 52

Little Hotelier

OCTOBER 21, 2024

An integrated booking and payment system will also include a payments solution within the same platform to create an even more efficient and effective way of driving bookings and revenue. Instead of having to wait for you to be at your desk, they can quickly check your availability, book, and confirm their stays online.

OTA 52

OTA Hotels Management Revenue 52

Up Hotel

DECEMBER 9, 2024

By aligning these tactics, hotels can drive high-quality traffic, increase direct bookings, and achieve sustainable revenue growth. Upselling Emails: Post-booking offers, including room upgrades, breakfast packages, or all-inclusive deals, are an excellent way to boost ancillary revenue.

ROI 40

ROI OTA Hotels Cost Per Click 40

Little Hotelier

MAY 18, 2023

What is hotel sales? Hotel sales is about managing the process of attracting, engaging, and converting guests into paying customers. Why small properties need to improve their hotel sales strategies With the rise of online booking platforms and the growing trend of independent travel, competition among small hotels is fierce.

Hotel Sales 59

Hotel Sales Sales OTA Hotels 59

AskSuite

MARCH 21, 2025

The platform empowers reservation, marketing, and sales teams by converting service requests into direct bookings and revenue. Its mission is to actively support hotels in achieving their goals by increasing online sales , primarily through their own websites and call centers.

Digital Marketing 52

Digital Marketing Revenue Online Sales Services 52