Xotels

JULY 26, 2024

As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. What is Yield Management, Really? That’s yield management in action.

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

Xotels

JULY 26, 2024

As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. What is Yield Management, Really? That’s yield management in action.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Hotel Speak

APRIL 12, 2023

HotelRunner, the leading hospitality and travel technologies platform, has launched HotelRunner Elite, an exclusive service designed to add exponential value to independent and chain hotels, helping them overcome the challenges of strategic positioning and yield management. We’re excited to see the incredible results it delivers.”

Yield Management 59

Yield Management Accommodation B2B Services 59

Hotel Operations

SEPTEMBER 30, 2024

The owner and manager of this boutique hotel in Saratoga Springs, New York, responded to this challenge with an innovative compensation approach: dynamic pay. Inspired by yield management principles, this strategy has proven to be a game-changer for staffing issues.

Yield Management 52

Yield Management Hotels General Manager Management 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 Hotels Revenue Operations 98

Hotel Business

AUGUST 23, 2024

Hospitality properties use Book4Time’s appointment booking, contactless guest intake, revenue and yield management and other capabilities. 1 SaaS platform for spa and wellness operations,” Roger Sholanki, Book4Time founder/CEO.

Yield Management 59

Yield Management Casinos Closing Resorts 59

Hotel Business

SEPTEMBER 11, 2024

Following extensive discussions with stakeholders, such as developers, owners, operators and municipalities, and considering insights from market-based analytics, the company developed a four-story, 71-unit prototype. “We Operators can use this room as an upgrade for Stay Rewarded members or as an upsell option for discerning guests.”

Yield Management 59

Yield Management Upsell Revenue Management Marketing 59

SiteMinder

APRIL 25, 2024

The exact genesis of yield management (now revenue management) in the hospitality sector is hotly debated,” says Stuart-Hill. It’s become much more of a commercial function than just a revenue management function.” The alignment of the operational and the strategic elements is what I call modern-day revenue management.”

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Revenue Management Revenue Management Hotels 111

Catala Consulting

JANUARY 18, 2024

This article explores the top trends in hotel revenue management, yield management, and revenue management in the UK, offering insights and strategies for hotel professionals. Dynamic Pricing: The Heartbeat of Yield Management Dynamic pricing remains at the forefront of yield management strategies.

Revenue Management 52

Revenue Management Revenue Management Marketing 52

Xotels

MARCH 3, 2025

Let’s be honestrunning a hotel while managing its revenue at the same time is a balancing act. From making sure staff, guests, and smooth operations are all attended to, we can understand why revenue management so frequently gets put on the back burners. Cheers, Patrick Landman PS.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

APRIL 2, 2025

So a revenue manager should always be tracking the impact on the NRevPar (Net RevPar) or GOPPar (gross operating profit per available room). Too much focus on only Occupancy or your average room rate, will erode your business. In the end, the bottom line is what counts.

Revenue Management 52

Revenue Management Revenue Management Average Daily Rate 52

Catala Consulting

JANUARY 11, 2023

These costs are typically associated with the hotel’s operations, such as food, beverages, laundry, and housekeeping. Yield management systems use sophisticated algorithms to analyse data such as occupancy levels, booking patterns, and competitors’ rates to determine the optimal room rates.

Yield Management 52

Yield Management Occupancy Management Hotels 52

SiteMinder

JUNE 5, 2025

From site selection and zoning approval to sourcing contractors and setting up operational systems, every decision can affect how profitable and practical the final property will be. Below is a step-by-step guide to setting up a construction plan that works for medium-sized hotel operators juggling budgets, timelines, and future operations.

Construction 52

Construction Management Hotels Operations 52

eZee Absolute

OCTOBER 11, 2023

Challenges Operating in a traditional manner, Sidus Galaxy Resort & Spa confronted several hurdles that hindered its growth. Foremost among these challenges was the absence of an integrated booking system and hotel management system.

Resorts 52

Resorts Management Sales Yield 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. Table of contents Why do hotels use a cost-based pricing strategy?

Target Marketing 59

Target Marketing Revenue Yield Management Marketing 59

Xotels

APRIL 3, 2024

Start increasing your revenue today by reading our all-in-one ultimate guide on what is revenue management from our expert perspective as a hotel revenue management consulting company. Article Summary: What is the Definition of Revenue Management? Why is Revenue Management Important to Hotels & Other Industries?

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

SiteMinder

AUGUST 1, 2024

The Trip.com Extranet is an online platform that allows hotel owners and operators to manage their property listings on Trip.com. It provides tools for updating room availability , adjusting rates, adding property details, and managing bookings. What is the Trip.com Extranet?

Revenue 52

Revenue Yield Management Overbooking Management 52

Hotel Business

JULY 12, 2023

The all-too-common assumption among many hoteliers is that limited-service hotels don’t benefit from revenue management technology and practices when compared to full-service and resort hotels. Despite this, the user base for this technology among select-service operators continues to increase dramatically.

Revenue Management 52

Revenue Management Services Revenue Management 52

Cloudbeds

JULY 15, 2023

And even then, manually-managed distribution is risky: any delays in updating rates and availability on a channel’s extranet could mean selling a room that isn’t available or selling at a lower rate, which can lead to overbooking and sub-optimal yield management. What’s allotment ? What’s a closeout? What’s iCal?

Management 76

Management OTA Cancellation Overbooking 76

Catala Consulting

JULY 30, 2023

Resort revenue management has become an indispensable tool for businesses, fostering strategies that maximize yield and build strong customer relationships. The Cornerstones of Resort Revenue Management Resort revenue management , interchangeably used with yield management, revolves around a strategic pricing approach.

Revenue Management 52

Revenue Management Revenue Resorts Management 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 Management Yield Management Overbooking 52

Inn Quest

JUNE 8, 2023

Artificial intelligence (AI) is seamlessly integrating into hospitality experiences, redefining our expectations – from chatbots providing instant customer support to predictive analytics optimizing hotel operations. Hotels can now use machine learning to analyze data to anticipate guest needs, optimize pricing and improve operations.

Hospitality 54

Hospitality Services Upsell Operations 54

Xotels

APRIL 3, 2024

Each hotel must customise its segmentation strategy based on its market, property, and revenue management goals. Demand Calendar The demand calendar is a tool that helps to make informed pricing strategies in hotel revenue management. So which main segments can different hotel types expect, you might ask?

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Hotelogix

JANUARY 29, 2025

With 56% of hoteliers worldwide prioritizing smarter tech investments (2024 Lodging Technology Survey), the focus isn’t just on cutting costs but revolutionizing guest experiences and streamlining operations. Whether you manage a boutique inn or a luxury resort, these innovations will redefine hospitality. Let’s dive in!

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Management Hospitality Hotels Services 58

SiteMinder

JULY 10, 2024

Hotel podcast: SiteMinder’s Standard Room With Breakfast Gain new and unique perspectives on hotel operations and revenue optimisation, featuring interviews with a variety of industry professionals. We were able to increase RevPAR by more than 30% by executing yield management on the platform swiftly and accurately.”

Hospitality 52

Hospitality Hotels Digital Marketing Revenue 52

SiteMinder

OCTOBER 9, 2022

The art is to maximise revenue with rate premiums when there is an abundance of demand and also set competitive and sustainable rates in the low season when market demand is more fiercely contested: in short, yield management. Revenue managers continuously solve an ever-changing puzzle, where occupancy and ADR are two key pieces.

Revenue Management 59

Revenue Management Revenue Management Occupancy 59

Xotels

DECEMBER 12, 2024

Use Technology Wisely: Implement tools such as channel managers and GDS platforms to streamline operations and improve efficiency. These channels connect hotels with travelers, enabling bookings through platforms like your hotels website, OTAs, GDS , and even traditional tour operators. What Are Hotel Distribution Channels?

OTA 40

OTA Global Distribution System Revenue Revenue Management 40

Hotelogix

AUGUST 27, 2024

Wholesalers- Wholesalers buy room inventory from hotels in bulk and sell it to travel agents or tour operators.   While partnering with wholesalers can increase occupancy, it’s essential to manage inventory carefully to avoid over-committing rooms at low rates.

Global Distribution System 52

Global Distribution System OTA Revenue Cost Per Click 52

Xotels

MAY 30, 2024

For a more full picture including operational costs like cleaning into the mix, the KPI GOPPAR is used. It stands for Gross Operating Profit Per Available Room. This will give you a much better understanding of how much each channel and reservation is actually contributing to the bottom line.

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

SiteMinder

NOVEMBER 24, 2023

Evaluating SiteMinder reviews enables accommodation providers to determine its suitability for their specific needs and operational requirements, allowing them to invest in solutions that align with their business goals and increase overall efficiency, guest satisfaction, and revenue results.

Revenue 52

Revenue Revenue Management Management General Manager 52

Xotels

SEPTEMBER 13, 2024

Outsourcing Why hotels should outsource revenue management remains an important topic for hoteliers, as outsourcing can offer hotel owners a strategic advantage by freeing up internal resources, accessing specialised expertise, and driving top and bottom-line growth. Thank you for Signing Up Please correct the marked field(s) below.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

SEPTEMBER 13, 2024

Outsourcing Why hotels should outsource revenue management remains an important topic for hoteliers, as outsourcing can offer hotel owners a strategic advantage by freeing up internal resources, accessing specialised expertise, and driving top and bottom-line growth. Thank you for Signing Up Please correct the marked field(s) below.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

APRIL 3, 2024

Each hotel must customise its segmentation strategy based on its market, property, and revenue management goals. Demand Calendar The demand calendar is a tool that helps to make informed pricing strategies in hotel revenue management. So which main segments can different hotel types expect, you might ask?

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

SiteMinder

JANUARY 10, 2024

Hotel training is a custom program designed to give a hotel team the knowledge and skills they need to operate and grow a hotel business. We were able to increase RevPAR by more than 30% by executing yield management on the platform swiftly and accurately.” Atchara Nakpoom, Revenue and Reservations Manager Kirimaya Read more

Management 59

Management Hotels Services Business 59

Hotelogix

MAY 9, 2025

What is Yield Management and Why It Matters for Hoteliers Yield management is a core revenue strategy in hospitality that enables hotels to adjust room rates based on real-time demand, booking pace, and occupancy forecasts. Yield management ensures you're not leaving money on the table.

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Yield Management Management Occupancy Forecasting 40