Catala Consulting

JANUARY 8, 2024

Introduction Revenue Management Systems (RMS) are the cornerstone of modern hospitality and travel industries. The Beginnings: 1970s and 1980s Origin in Airlines : The concept of Revenue Management originated in the airline industry post-deregulation. They primarily helped in setting room rates and managing reservations.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

eZee Absolute

MAY 13, 2024

Well, the answer lies in how well you’re using your Hotel Revenue Management System (RMS) reports. But with so many reports available, how do you find the ones essential for maximizing your hotel’s revenue? And you wonder what you must be doing wrong, right? RMS reports are like secret weapons for hoteliers.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Hotel Speak

MAY 14, 2025

By utilizing the power of data, hotels can anticipate demand surges, optimize maintenance operations and enhance the guest experience. Algorithm Development: Build pricing models that factor in both occupancy and operational costs (including maintenance readiness). Preferences : Room type, amenities, services used.

Management 51

Management Forecasting Occupancy Services 51

SiteMinder

MARCH 17, 2025

A hotel director oversees the daily operations of a hotel, ensuring everything runs efficiently while delivering a high standard of guest service. Theyre responsible for key areas such as staff management, guest satisfaction, and financial performance, all while aligning the hotels activities with broader business goals.

Hotels 52

Hotels Revenue Revenue Management Operations 52

Little Hotelier

JANUARY 19, 2025

They simplify the often complex world of revenue management , giving you a reliable foundation to build upon as you grow your confidence in managing rates. Our tools help you maximise revenue, simplify operations, and attract more bookings effortlessly. This is operating costs, fixed costs, and variable costs.

Rack Rate 52

Rack Rate OTA Revenue Hotels 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 40

Revenue Management Revenue Management Ancillary Revenue 40

SiteMinder

NOVEMBER 18, 2024

Performance analysis: Allows you to understand the effectiveness of strategies and overall operational efficiency. Industry benchmarking: See how you compare to local industry standards and competitors. Financial planning: Gives you insights for future investment decisions and budgeting.

ROI 96

ROI Revenue Management Revenue Hotels 96

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

SiteMinder

JANUARY 8, 2024

What is hotel management? Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Hotel management made easy Streamline hotel management, boost revenue, and enhance guest experience with SiteMinder's smart platform.

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JUNE 12, 2024

What is Yield Management? Yield management is a pricing and revenue management strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. Revenue management is the focal point for hotels in today’s climate.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

SiteMinder

AUGUST 1, 2024

It serves as a roadmap for your hotel’s success, helping you attract investors, secure funding, and make informed decisions about your operations. It’s a vital tool for any hotel owner or operator, whether you’re starting a new hotel, expanding an existing business, or improving your current operations.

Business 95

Business Revenue Hotels Occupancy 95

SiteMinder

JANUARY 8, 2024

What is hotel management? Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Hotel management made easy Streamline hotel management, boost revenue, and enhance guest experience with SiteMinder's smart platform.

Operations 52

Operations Management OTA Hotels 52

Inn Quest

SEPTEMBER 5, 2023

At a glance: What is Hotel Inventory Management? Managing your hotel’s inventory efficiently can significantly impact your bottom line, guest satisfaction and overall operational effectiveness. Proper allocation of rooms and resources prevents underutilization and enhances operational efficiency.

Management 87

Management Overbooking Revenue Hotels 87

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. Although the target market has since changed, what remains constant is the hotel’s standards and work ethic.

Resorts 98

Resorts Overbooking Yield Management OTA 98

Hotel Business

JANUARY 16, 2024

” He added, “Having operated hotels for more than 40 years, Wurzak Hotel Group understands how to manage lifestyle, full-service and extended-stay hotels in high-barrier-to-entry markets. ” The post Wurzak expands third-party management services appeared first on hotelbusiness.com.

Services 65

Services Management Target Marketing Operations 65

Hotelogix

AUGUST 6, 2024

This shift requires a comprehensive approach integrating cost control, strategic marketing, and top-notch guest services. Here's a detailed guide on transforming your hotel's revenue management to focus on profit maximization. Run targeted marketing campaigns to attract high-value guests.

Revenue 52

Revenue Management Upsell Target Marketing 52

STAAH

FEBRUARY 21, 2023

It’s an area where distribution and revenue managers spend most of their time. Thankfully, the technology channel manager makes analyzing channel performance and programmatically managing pricing/inventory to improve profitability much easier. 5) Offline channels and direct bookings.

Hotels 98

Hotels Target Marketing Management Revenue Management 98

Cloudbeds

MARCH 3, 2023

To effectively manage every point-of-sale (POS) on property, lodging operators must leverage technology. A POS system lets you quickly process and record transactions across your property to improve the guest experience, streamline operations , and conduct better revenue management. Real-time synchronization.

Sales 98

Sales Hotels Revenue Services 98

SiteMinder

AUGUST 1, 2024

With this knowledge you can identify strengths and weaknesses, set goals, and ultimately optimise operations. Pricing strategy optimisation Based on competitor rates and market demand, you can adjust your pricing strategy to optimise revenue. Consider using criteria such as location, star rating, amenities, and target market.

Shopping 78

Shopping Revenue Average Daily Rate Revenue Management 78

STAAH

OCTOBER 15, 2024

The right software is a game-changer for hotel success, shaping everything from operational efficiency to guest satisfaction. As technology continues to advance, hotels have transformed the way they manage daily tasks and interact with guests. Must Read: 5 Reasons to Use a Revenue Management Solution for Your Hotel 4.

OTA 52

OTA Overbooking Revenue Management Revenue 52

Hotelier Magazine

MAY 4, 2023

The use of technology was accelerated in hotel operations during the pandemic and now, with myriad challenges still facing the industry, the implementation of new tech to fill the labour gaps and increase guest satisfaction shows no sign of slowing. But introducing this technology presents its own unique set of challenges.

Operations 105

Operations Hotels Services ROI 105

Catala Consulting

JANUARY 9, 2024

Although simple, this formula is incredibly insightful, offering a transparent view of the efficacy of marketing endeavours. Effective Strategies for CAC Optimization Targeted Marketing Approaches Customizing marketing initiatives for specific customer segments can notably reduce CAC.

Hotel Marketing 52

Hotel Marketing Marketing Market Real Estate 52

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

Cloudbeds

MARCH 20, 2023

Hotel market segmentation is the process of grouping hotel guests into categories based on shared behavior and characteristics. It is a fundamental process of revenue management, but also brings benefits to marketing, operations, and the guest experience. Boost revenue and profitability.

Hotel Marketing 52

Hotel Marketing Marketing Market Average Daily Rate 52

Cloudbeds

AUGUST 8, 2024

Whether you’re a revenue manager, accountant, front office manager, or hotel owner, you need real-time data and visualizations to understand what’s happening at any given time. With business intelligence, you have the knowledge to drive hotel operations, increase your revenue, and enhance your guest experience.

Business 40

Business Revenue Management Forecasting Revenue 40

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! Experiment with metasearch marketing.

OTA 98

OTA Digital Marketing Marketing Market 98

SiteMinder

OCTOBER 10, 2023

For hoteliers, understanding cost-based pricing as a method for hotel pricing is crucial for setting room rates that not only cover the costs of operations but also provide a healthy profit margin. Adjusting prices accordingly can ensure maximised revenue during high-demand periods while maintaining occupancy during slower times.

Target Marketing 59

Target Marketing Revenue Yield Management Market 59

Hotelier Magazine

JANUARY 24, 2024

We used to take out ads in the newspaper and Yellow Pages,” says Edward Keenan, vice-president, Resort Operations for Clique Hotels & Resorts, of early efforts to attract guests. For example, do you want to primarily manage and analyze guest data? Do you need a system that can manage multiple properties?

Business 59

Business Hospitality Email Marketing Management 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. Increase bookings.

Hotels 52

Hotels Management Revenue Management Revenue 52

Cloudbeds

MAY 8, 2024

Here’s the advice from RoomPriceGenie’s revenue management expert, Iara do Carmo : Invest some time to properly configure your PMS or the reports you have so you can get a breakdown of your mix of clients. In an uncertain world, it’s revenue that you can count on.

Cancellation 52

Cancellation Revenue Revenue Management Occupancy 52

SiteMinder

NOVEMBER 15, 2022

It also differs depending on the property type, location and target market. Second, knowing how your ALOS shifts during the year lets you run your operations more efficiently. Five tips to improve ALOS and maximise business revenue. As a rule of thumb, long stays are better for your operation’s profitability.

Average Length of Stay 59

Average Length of Stay Minimum Length of Stay Revenue Target Marketing 59

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

Hotel Speak

MAY 9, 2023

Cost can always be reduced, but how does it impact your day-to-day operations, and how does this reflect on your guest experience? Sustainability: When mitigating waste and conserving resources, hotels can reduce their environmental impact and operate in a more sustainable manner. 10 Strategies with Examples to Control Cost: 1.

Hotels 59

Hotels Upsell Revenue Market 59

Cloudbeds

MARCH 15, 2023

Direct bookings are beneficial because they connect lodging businesses directly with potential customers and increase hotel revenue through money saved from OTA commissions. With direct bookings, lodging operators own their guest data and can pick and choose what information they collect during the booking process.

OTA 98

OTA Sales Revenue Hotels 98

Hotelogix

OCTOBER 11, 2024

Hopper also integrates well with hotel property management systems (PMS) , allowing seamless inventory updates, rate management, and booking flows. Hoteliers using Hopper can leverage data to attract customers and optimize pricing, resulting in better revenue management.

Occupancy 52

Occupancy Hotels Travel Management 52

SiteMinder

SEPTEMBER 4, 2024

A higher conversion rate not only means more revenue but also reflects a strong brand presence, a user-friendly booking process, and a compelling value proposition—all of which contribute to long-term success and growth for your hotel. They can use this data to make more informed decisions and improve their operations.

Hotels 75

Hotels Revenue Marketing Market 75

Hotelogix

AUGUST 27, 2024

Wholesalers- Wholesalers buy room inventory from hotels in bulk and sell it to travel agents or tour operators. This helps your hotel reach different market segments and ensures a steady flow of bookings, often at discounted rates.  Regularly audit partner compliance to maintain consistency. 

Global Distribution System 52

Global Distribution System OTA Revenue Hotels 52