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. Are you wondering whether you need a hotel booking engine? What is a booking engine? Travelers crave experiences.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

Cloudbeds

JUNE 5, 2024

There used to be a time when hotel revenue managers simply had to look at predicted demand and keep an eye on competitors’ rates to optimize pricing. For revenue managers, that meant adding a new strategy (and a new skill) to their decision-making: reputation pricing. For them, the primary quality indicator was price.

Revenue Management 52

Revenue Management Revenue Occupancy Average Daily Rate 52

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.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Catala Consulting

DECEMBER 28, 2023

In the hospitality industry, hoteliers are constantly seeking innovative strategies to enhance guest satisfaction, optimize operations, and boost revenue. To meet these evolving demands, hoteliers must adopt an innovative mindset, continuously seeking new ways to delight guests, improve operations and increase hotel performance.

Management 52

Management Revenue Management Revenue Hotels 52

eZee Absolute

MAY 7, 2024

But hotel revenue management can be your secret wand. Revenue management is about more than just the right pricing. It’s about knowing what guests need, predicting bookings, and adjusting rates to make more revenue. In the ever-competitive world of hospitality, staying ahead can be a real challenge.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

Cloudbeds

FEBRUARY 15, 2023

However, controlling costs is vital to maximizing profits, so it’s an important metric for lodging owners and operators to track. When people plan a trip online, accommodation operators have opportunities to connect with them at various touch points on the traveler’s purchase journey. What is guest acquisition cost (GAC)?

OTA 52

OTA Cost Per Click Revenue Market 52

Clock Software Hospitality

NOVEMBER 3, 2020

Throughout the years this has led to countless innovations in the industry, culminating with the adoption of hotel property management systems (PMS) which now act as the centre of a hotel’s daily operations. The channel manager will actively apply all changes made to your inventory across all distribution channels.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

Little Hotelier

NOVEMBER 6, 2023

What is hotel revenue optimisation? As a small, independent hotelier you may have heard the terms hotel revenue optimisation and hotel revenue management. So what is revenue optimisation? Upselling and cross-selling Grab upselling and cross-selling opportunities with both hands.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

SiteMinder

OCTOBER 11, 2022

What is a hotel property management system? Hotel management software is technology that allows hotel operators and owners to streamline their administrative tasks while also increasing their bookings in both the short and long-term. This means you can focus on the more important hotel operations. Manage your revenue.

Hotels 52

Hotels Management Revenue Management Revenue 52

SiteMinder

AUGUST 29, 2023

By offering these added touches, you’re not just boosting your revenue; you’re creating memorable experiences that make your hotel stand out. Ancillary revenue is also a good way to win back some of the money you lose to OTA commission fees. Table of contents Why is ancillary revenue important for independent hotels?

Ancillary Revenue 52

Ancillary Revenue Revenue Hotels Services 52

Cloudbeds

FEBRUARY 28, 2024

We’ll also show you how to harness this powerful technology to capture more reservations, streamline booking processes, save time and costs, and increase guest satisfaction – whether you operate a hotel, hostel, motel, B&B, or vacation rental company. What is a hotel reservation system? How do hotel reservation systems work?

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

Cloudbeds

APRIL 15, 2024

From checking in guests and entering reservations to managing rates and assigning rooms, many hotels still perform a lot of manual tasks. Oftentimes, these tasks overpower hotels’ ability to invest in proper guest communication, marketing activities, and revenue management , which significantly impacts performance and profitability.

Revenue Management 98

Revenue Management Hotels Operations Revenue 98

Cloudbeds

MARCH 15, 2023

Direct bookings are reservations guests confirm directly with a property without using an online travel agency (OTA) or 3rd party intermediary. Direct bookings are beneficial because they connect lodging businesses directly with potential customers and increase hotel revenue through money saved from OTA commissions.

OTA 98

OTA Revenue Travel Hotels 98

Cloudbeds

JUNE 8, 2023

From increasing occupancy to generating direct bookings and increasing ADR, lodging operators have a lot on their plate. As the hospitality industry becomes more complex, the role of technology to help streamline operations and automate processes becomes increasingly important. What’s each hour worth for both yourself and your staff?

Management 98

Management Hotels Revenue Digital Marketing 98

Hotelogix

OCTOBER 19, 2023

Managing daily hotel operations is undoubtedly a complex and stressful task. We are talking about the Hotel Property Management System, also called the Hotel PMS System. It is THE MOST critical piece of hospitality technology solution that automates daily operations, saves time, reduces errors, and improves staff productivity.

Hotels 52

Hotels Revenue OTA Management 52

Cloudbeds

MARCH 23, 2023

To convince travelers to book their property, lodging operators must provide a clear, compelling picture of what to expect and the confidence they’re making the right choice. And the great thing is that these sites operate 24/7, so you can receive reservations while you sleep! But success in eCommerce is about more than visibility.

OTA 98

OTA Digital Marketing Travel Hotels 98

SiteMinder

NOVEMBER 14, 2023

Lodgify primarily focuses on providing vacation rental owners and property managers with tools to build their own websites, manage reservations, and streamline their operations. It’s often used by rental owners and property managers to grow bookings. What is Lodgify compared to SiteMinder?

Revenue 52

Revenue Revenue Management Upsell OTA 52

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. Large hotel groups can witness many benefits with Cloud-based Hotel PMS, more precisely, a Hotel PMS with multi-property management capabilities.

Hotels 52

Hotels Revenue Management Revenue Occupancy 52

AskSuite

MARCH 11, 2024

The point is that even though there are different hotel sizes, different ways to operate them, and different categories, the truth is today’s travelers have high expectations. And you know that even for customers booking with OTAs, if they enjoy the service, they’ll come back booking directly, freeing you from huge OTA commissions.

Services 98

Services Hotels Travel Revenue 98

Cloudbeds

JULY 15, 2023

For growing hospitality businesses, a channel manager is a fundamental part of successful revenue management and distribution strategy. In this guide for hospitality professionals, you’ll learn all about Channel Managers, from how they work to what makes great software for your business specifically.

Management 76

Management OTA Cancellation Overbooking 76

SiteMinder

NOVEMBER 20, 2023

Eviivo is a UK-based software solution primarily known for its channel manager software. This tool offers a full two-way sync of rates, content, and availability, allowing hoteliers to manage their listings across various online travel agencies (OTAs) efficiently. It positions itself as a holistic hotel management solution.

OTA 59

OTA Revenue Management Overbooking 59

Hotel Business

SEPTEMBER 14, 2023

Over the last five years, the company has invested more than $275 million in technology, all while expanding its on-the-ground operational support of hotels. The platform also provides a direct connection to operational support while serving as owners’ primary destination for news and updates.

Average Length of Stay 64

Average Length of Stay OTA Revenue Services 64

SiteMinder

AUGUST 18, 2022

When it comes to successful revenue management strategy , it’s not just about tracking your own internal metrics such as RevPAR. At your hotel you also need to perform regular competitive analysis to see where you stand in the local market and how you can gain an advantage, or at least maximise your potential revenue and profit.

Hotels 52

Hotels Revenue Ancillary Revenue OTA 52

STAAH

NOVEMBER 22, 2022

There are plenty of upselling tools available. The second P in the formula is the price which is the only revenue-generating element of the mix. Revenue management is the art of analysing and optimising pricing as a key lever. Find out more here. PRICE – Room price/deal. Christmas). Conclusion.

Hotel Marketing 73

Hotel Marketing Market Marketing Hotels 73

Hotel Business

JULY 13, 2023

When I developed HotelIQ Decision Cloud, it was very important to me to make data more accessible to the entire commercial team by breaking down the walls that traditionally exist within a hotel’s sales, marketing and revenue management departments,” said Apo Demirtas, founder/CEO, HotelIQ.

Revenue 52

Revenue Ancillary Revenue Management OTA 52