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Today, more than 150,000 advertisers â from global CPG leaders and Fortune 500 retailers to local restaurants â use the platform to reach high-intent customers, drive incremental sales, and grow their businesses. âVAIA represents the future of hospitality service,â said Mark Cederloff, CEO of VSR.
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.
We recently chatted with Jon Murphy, Consultant Revenue Director supporting the Kaleidoscope Collection, about how the brand benefits from working with an industry-leading hotel commerce platform. Thanks to the two-way connection between their PMS, SiteMinder and onlinesales channels, managing reservations has become a breeze.
80 DAYS Hall 10.1 | Stand 109 80 DAYS is an award-winning, full service creative and digital marketing agency that specialises in hospitality, working with some of the world’s most respected hotel and travel brands. Schedule a meeting > Mews Hall 8.1 | Stand 133 Mews is the leading platform for the new era of hospitality.
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 ).
Prior to STAAH, The Smith House team had to manually manage room availability, rate adjustments, and limit onlinesales channels. Freeing up staff time to re-establish The Smith House’s stellar guest service was important. Being accurately represented across more online channels was also important for increased bookings.
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.
As a growing Filipino hotel franchise operator, Royale Paragon Hospitality Group aims to leverage best-in-class hospitality solutions to help its member/partner properties with streamlined operations, optimised costs, and maximised revenue and profitability while operating as one group. It led us to adopt Hotelogix,” said Jeralen D.
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.
Hotel PMS System, or hotel management software, is crucial for generating more revenue. To increase hotel revenue, you must start with the right Hotel PMS System - a cloud one. It should be your very first step towards achieving your revenue goals. Ultimately, all these result in more sales and revenue.
The remarkable service and awe-inspiring ocean views leave a lasting impression on both local and global travellers, making it a coveted destination on their must-visit lists. Our goal is to provide exceptional service to our guests from the moment they book until their departure.
Scotland’s Edge Hospitality attributes its direct revenue success to its partnership with STAAH. The group also decided to use STAAH ReviewMinder to harness the power of guest online reviews to its advantage. Driven by revenue optimisation as a goal, STAAH Get Google was an obvious fit the group banked on.
Bringing Thai warmth and charm to life, Chatrium offers guests a crafted culture, luxurious space and charismatic services. 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.
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.
With only 24 rooms it is one of the few family-owned hotels in town that has earned a reputation for personal and attentive service. They told us about how SiteMinder has improved their day-to-day business and even helped them to increase their onlinesales. This in turn has a positive impact on occupancy and revenue.
Automation and partnering with the right technology is an investment to safeguard your brand and grow revenue opportunities. The result could be quite the opposite of your planned revenue hike with gift cards. Lack of a sales and marketing plan. Avoiding the mistakes above is bound to help boost your onlinesales.
Table of contents An unforgettable guest experience This is not just a beautiful place but the services from the hotel will impress you even more. Therefore, we strive to provide the best service from the moment our guests make their booking to the very end, when they check out.”
They’ve had prior experiences with our services, which they’ve found pleasing, leading them to consistently select our establishment for their lodging requirements,” said Jeremy. Hoteliers can boost their occupancy and drive revenue effortlessly by showcasing their property across numerous channels without additional charges.
They’ve had prior experiences with our services, which they’ve found pleasing, leading them to consistently select our establishment for their lodging requirements,” said Jeremy. Hoteliers can boost their occupancy and drive revenue effortlessly by showcasing their property across numerous channels without additional charges.
It allows travellers to compare rates and services of multiple properties. OTAs are now a great marketing resource for hotel owners, allowing them to reach a wider audience and optimize revenue. Of course, the kind of guest reviews/feedback you receive entirely depends on your guest service quality.
Onlinesales 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.” This ultimately drives prices down and improves customer service.”
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.
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.,
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. Services Recommendation. Revenue Management.
Consider your target audience and what they appreciate the most about your services. Contemplate your agency’s values and the one-of-a-kind pain points your services strive to solve. According to travel resource Dream Big Travel Far, onlinesales will account for 73 percent of tourism and travel revenue by 2026.
Guests often filter hotels based on reviews , giving preference to properties with consistently positive feedback regarding service quality, cleanliness, hospitality, and amenities. It’s crucial for hoteliers to actively monitor online reputation across OTAs , Google, TripAdvisor, and social media.
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.
Luxury brands are embracing this trend by launching their own resale platforms that guarantee authenticity and offering authentication services for third-party platforms. This seamless blend of the digital and physical realms elevates onlinesales and enriches the luxury shopping experience.
Independent hotels stand out in the bustling hospitality industry with their unique charm and personalized service. They cannot increase onlinesales, keep track of guest preferences, and provide better service to their guests. Consequently, their overall revenue is negatively affected.
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.
Other figures from Statista are as follows: Australia’s hotel segment specifically is forecasted to see revenues of US $6.75 are 55-64. Diversification Many properties are diversifying their services, offering more than a place to sleep for the night. of customers are male and 52.3% of customers are ages 18-24; 27.8%
Hotels can improve GEO by creating detailed FAQs about nearby attractions, local experience guides, personalised travel tips, and service descriptions, all backed by statistics, reviews, and citations to boost visibility and relevance in an AI-driven digital world.
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 onlinesales channels while also syncing seamlessly back into the PMS.
Download Our Latest Whitepaper The Ultimate Guide to Luxury Digital Marketing Receive your FREE copy of “The Ultimate Guide to Digital Marketing for Luxury Brands,” to get insights into marketing your high-end products and services for increased sales. dominate online purchases. Who Is the Target Market for Luxury Watches?
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.
However, by focusing on cost-effective, proven hotel sales strategies, you can overcome these challenges, beat the competition, grow your revenue and ultimately grow your business and achieve your goals. Top 10 cost-effective ideas to increase hotel onlinesales 1. It’s crucial to know how to respond to a hotel review !
This means hotels worldwide are actively seeking tech solutions to boost direct booking conversion rates, streamline communication with travelers, and monitor real-time data to enhance customer service. The platform empowers reservation, marketing, and sales teams by converting service requests into direct bookings and revenue.
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