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 64

Services Management Target Marketing Operations 64

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 Market Marketing 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

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

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 Occupancy Revenue Management 52

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

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 71

Hotels Target Marketing Management Revenue Management 71

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

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 Upsell 105

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

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

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

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

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 Market Marketing Average Daily Rate 52

eZee Absolute

JANUARY 9, 2023

You can also turn to revenue management experts to create pricing strategies that bring in better profit. Explore new markets. By creating engaging content and using targeted marketing strategies, accommodation providers can reach and attract the digital nomads markets who are looking for a place to stay and work remotely.

OTA 52

OTA Hotels Accommodation Travel 52

SiteMinder

OCTOBER 10, 2022

As a hotel operator, you might have come across STR reports at one point or another. Falling short of your competitors when it comes to guest experience, accommodation standards or your marketing and advertising strategy can quickly lead to lost revenue. But what are they all about? Have similarly priced rooms.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

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 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.

Upsell 59

Upsell Hotels Revenue Operations 59

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 Revenue Management 98

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 Travel Hotels 98

SiteMinder

DECEMBER 20, 2023

To ensure you’re operating at a profit, you’ll need to understand pricing at your hotel and optimise your pricing strategy so that you maximise the revenue that you generate per room and per guest. Implement efficient operational procedures The most successful hotels run like well oiled machines.

Business 59

Business Hotels Management Revenue 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 Revenue Travel Hotels 98

Xotels

JUNE 2, 2023

While the ideal scenario is to handle everything independently, relying solely on your own revenue management and hotel marketing strategy may not be sufficient. So you will need several landing pages to target different keyword combinations. More will dilute your potential to rank. I am sure you are familiar with this.

Marketing Strategy 40

Marketing Strategy Hotel Marketing Market Marketing 40