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

Hotel Operations

FEBRUARY 12, 2023

Imagine working in operations at some of the leading hotel companies in the world, and then having the chance to start all over with a blank canvas in a role leading operations for a new brand. It’s a fundamental principle that you have in every hotel operation. What would you do? Or the division between rooms and F&B.

Operations 52

Operations Real Estate Hotels Revenue 52

Hotel Business

MARCH 14, 2024

Furthermore, AI can facilitate predictive analytics to forecast demand patterns accurately, allowing hotels to allocate resources efficiently and optimize inventory management. This proactive approach minimizes the risk of overbooking or underutilization of rooms, ultimately improving revenue management and operational efficiency.

Overbooking 59

Overbooking Revenue Upsell Forecasting 59

SiteMinder

JANUARY 30, 2023

The accommodation, with more than 17 years in operation, is one of the most sought-after places worldwide, and has held the title of “World’s First Seven Star Boutique Hotel”. Just like all the very best hotels around the world, The Hanging Gardens of Bali is intent on prioritising guest experience.

Average Daily Rate 98

Average Daily Rate Global Distribution System Management Sales 98

Cloudbeds

APRIL 30, 2024

A question that likely keeps you up at night is, ‘How can I boost revenue per available room (RevPAR) and outpace my competitors?’ It’s the bedrock of hotel revenue management , and for good reason. But it’s not solely about revenue. Why is hotel price optimization an essential pillar of revenue management?

Revenue Management 52

Revenue Management Revenue Occupancy Hotels 52

Hotelogix

FEBRUARY 13, 2024

Operating a large independent hotel with 200+ rooms, 4-5 in-house restaurants, a couple of gyms, spas, and gift shops is multifaceted, where precision, efficiency, and guest satisfaction are paramount. Plus, it leads to complexities such as rate parity/inventory disparity, overbookings, and guest dissatisfaction. 

Management 59

Management Hotels Revenue Management Occupancy 59

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.

Hotel Sales 52

Hotel Sales Sales Revenue Management Revenue 52

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 enables the adjustment of prices and inventory to meet seasonal demand, resulting in better revenue management in hotels.

Yield Management 88

Yield Management Management Occupancy Revenue 88

SiteMinder

NOVEMBER 17, 2023

To ensure the hotel’s continued success, the team is investing in innovative technology to streamline operations and further improve sales. We recently spoke with Kevin Domican, Front Office and Revenue Manager at the four-star Abbey Hotel Roscommon. With SiteMinder, a few clicks are enough to avoid overbooking.”

Overbooking 69

Overbooking Closing Hotels Revenue Management 69

Xotels

JANUARY 18, 2021

One of the components needed to apply a hotel revenue management is market segmentation. As a revenue manager or hotelier, your hotel market segmentation shall help to identify the purpose of the trip: either business or leisure. Tour Operators. Overbooking (from another hotel). Wholesalers.

Hotel Marketing 40

Hotel Marketing Market Marketing Revenue Management 40

Cloudbeds

APRIL 8, 2024

In this guide, we’ll examine how an integrated booking engine brings value to lodging operators, using real-world examples from our customers and advice on what to look for in a new booking system. With the Cloudbeds Booking Engine, your PMS and Channel Manager are automatically updated to prevent overbookings.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

SiteMinder

OCTOBER 5, 2023

Comprehensive tools : From managing reservations to enhancing the guest experience, Expedia Partner Central provides a range of tools tailored to the needs of hoteliers. Regularly updating the availability calendar is essential to reflect current room statuses and prevent overbookings.

Average Daily Rate 59

Average Daily Rate Hotels Management OTA 59

SiteMinder

NOVEMBER 30, 2023

Travel technology comprises digital tools and platforms aimed at streamlining operations and enhancing guest experiences in the travel and hospitality sectors. It encompasses advanced booking engines, property management systems, customer relationship management (CRM) software, AI-driven chatbots, and more.

Travel 52

Travel Hotels Services OTA 52

SiteMinder

NOVEMBER 14, 2023

Through this inbox, hotel operators can manage reservations, respond to inquiries, and foster a personalised guest experience before, during and after arrival, all contributing to a more streamlined operational workflow – particularly when integrated with a broader property management system like SiteMinder.

Revenue 52

Revenue Yield Management Management Overbooking 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. Improve Revenue Management Revenue management tools are the height of innovation in hospitality technology.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

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. Increase bookings.

Hotels 52

Hotels Management Revenue Management Revenue 52

AskSuite

JULY 20, 2023

In this article, you’ll discover how understanding each sector from an operational and revenue standpoint can aid hotel owners and managers in setting up holistic management that might just avert trouble. Manage reservations via technology Today’s travelers expect to book a hotel with just a few clicks.

Management 52

Management Business Upsell Marketing Strategy 52

SiteMinder

AUGUST 29, 2023

For hoteliers, hotel costs encompass everything from the cost of construction, to the cost of insurance, to the everyday operational costs of establishing, running and ultimately growing a hotel business. Controlling operating costs doesn’t necessarily mean cutting corners or compromising on guest experience.

Revenue 52

Revenue Hotels OTA Operations 52

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

Little Hotelier

AUGUST 1, 2023

However, this can also lead to a reliance on last-minute bookings, which can make revenue management more challenging. This allows you to manage your Priceline bookings alongside your other distribution channels, helping to streamline operations and avoid overbooking. Priceline review: Should I use it for my hotel?

Hotels 52

Hotels OTA Travel Overbooking 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. Manage rates and availability in real-time. What is a hotel reservation system?

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

SiteMinder

MARCH 20, 2024

From sustainable design elements to mindful waste management practices, Neera Retreat’s commitment to environmental stewardship permeates every aspect of its operations, fostering awareness and inspiring change in both guests and staff alike. We recently spoke to Ms.

Revenue 98

Revenue Branding Overbooking Operations 98

Cloudbeds

APRIL 2, 2024

A hotel central reservation system is a core software platform that manages all reservations for a hotel and provides a centralized repository of the inventory of rooms on sale and their characteristics (e.g., The revenue management system (RMS). room types, maximum occupancy, stay restrictions, etc.), Busy Rooms.

Revenue Management 52

Revenue Management Occupancy Revenue Hotels 52

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

SiteMinder

MAY 21, 2023

Silavadee Pool Spa Resort Samui, a renowned 5-star establishment with over 14 years of operation, is nestled on the tranquil Lamai Beach in Surat Thani, Koh Samui. This has minimised revenue loss from vacant rooms while maximising our occupancy rates.” Previously, the resort handled all tasks manually, which was time-consuming.

Resorts 98

Resorts Overbooking Yield Management OTA 98

SiteMinder

NOVEMBER 22, 2023

Hotel problems often revolve around managing guest expectations, maintaining operational efficiency, and ensuring financial profitability. Common issues include inconsistent customer service, challenges in managing online reputation, and fluctuating occupancy rates. The Solution?

Overbooking 52

Overbooking Hotels Revenue Occupancy 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

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

STAAH

MAY 7, 2023

STAAH helped streamline these challenges, revolutionising the hotel’s operations, enhancing the guest experience and making the property competitive in the ever-changing hospitality industry. Combined with real-time updates, this has meant time-saving for the Airways team along with reduced risks of overbookings and rate parity issues.

Overbooking 78

Overbooking General Manager Revenue Hotels 78

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? Experience SiteMinder in action!

Revenue 52

Revenue Upsell Revenue Management OTA 52

SiteMinder

JUNE 29, 2023

What is an OTA channel manager? An OTA channel manager is a tool used to manage online travel agents (OTAs) in a single platform. It is commonly used by hotel sales and revenue managers to update rooms and rates in real-time. Here’s five simple steps to make an OTA channel manager work for your hotel: 1.

OTA 52

OTA Management Revenue Occupancy 52

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

From channel management and marketing to bookings and hotel commerce , SiteMinder aims to be the one-stop-shop for hoteliers. Its platform is designed to maximise revenue, not just through increasing bookings but by offering tools that enhance the guest experience, streamline operations, and provide actionable insights.

OTA 59

OTA Revenue Management Overbooking 59

Little Hotelier

FEBRUARY 5, 2024

It offers total reputation management for your hotel via channel management , front desk software , guest experience tools and more. Designed to streamline operations and generate more bookings, it is the go-to all-in-one solution for small hotel businesses. Little Hotelier No lock-in contract. Cancel anytime.

Management 59

Management OTA Hotels Accommodation 59