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

SiteMinder

SEPTEMBER 19, 2022

This might include direct booking plug-in apps, such as Triptease, that reduce your reliance on OTAs by giving your booking engine greater functionality. Upselling – Any action you take at your hotel should benefit the guest first and foremost but if you can find ways to increase revenue too, all the better.

Management 97

Management Upsell Hotels Revenue 97

Little Hotelier

OCTOBER 17, 2023

Learn more Strategies to increase hotel revenue There are a lot of strategies that can be used to increase hotel revenue – but it’s important to be focused and committed to the plans you make. You can use a tactic known as the Billboard Effect to link your website to your OTA profiles, convincing guests to check you out.

Revenue 100

Revenue Hotels OTA Ancillary Revenue 100

SiteMinder

OCTOBER 10, 2023

Discount pricing is a revenue management strategy where prices are lowered temporarily or for certain conditions to attract guests and boost occupancy rates. OTAs OTAs are a double-edged sword. Upselling Discounts attract more guests, providing ample opportunities for upselling or cross-selling other services.

Occupancy 59

Occupancy Events OTA Upsell 59

Catala Consulting

DECEMBER 28, 2023

Such as check-in kiosks, new upselling tools, a full new automated email campaign, … To further enhance guest experiences, hoteliers can experiment employing technology such as artificial intelligence and machine learning to predict guest preferences and personalize services. Why Catala Consulting’s Outsourced Revenue Management?

Management 52

Management Revenue Management Revenue Hotels 52

STAAH

NOVEMBER 15, 2022

In fact, OTAs such as Expedia have updated their algorithms to give preference to properties that have been called out by guests for their fantastic guest experience. Upselling & cross-selling is a great ways to drive up incremental revenue is also on the rise by smart hoteliers. Focus on customer experience.

Hospitality 85

Hospitality OTA Travel Upsell 85

Cloudbeds

FEBRUARY 15, 2023

For example, if you found that your GAC for OTA bookings is 41%, whereas your GAC for direct bookings is 7%, where would you want to prioritize bookings? Not all distribution channels are made equal, the channels that generate the most profitability (revenue minus costs) should make up the majority of your channel mix.

OTA 52

OTA Cost Per Click Revenue Market 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

Clock Software Hospitality

NOVEMBER 3, 2020

Here are some of the ways in which hotel PMS solutions can aid a hotel in improving daily operations: Increase RevPAR via Direct Bookings Online travel agencies (OTAs) allow hoteliers unlimited access to a large pool of potential guests, charging a commission for every booking made through them.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

SiteMinder

JULY 25, 2022

It’s a key metric for you to measure and track if you want to build an effective hotel revenue management strategy. By looking at ADR, you can easily start to strategise ways to boost your bookings and revenue. Why is ADR important in the hotel industry? ADR is a quick and effective method of measuring your hotel’s performance.

Average Daily Rate 52

Average Daily Rate Upsell Occupancy Revenue 52

SiteMinder

JANUARY 8, 2024

Types of hotel management If we zoom in on accommodation management, it too can be divided into a few different categories, which reflect the broad range of tasks and challenges that hotel management presents. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR).

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

Types of hotel management If we zoom in on accommodation management, it too can be divided into a few different categories, which reflect the broad range of tasks and challenges that hotel management presents. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR).

Operations 52

Operations Management OTA Hotels 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. Built-in upsell management. Personalise your offers.

Ancillary Revenue 52

Ancillary Revenue Revenue Hotels Services 52

SiteMinder

OCTOBER 11, 2022

Cloud-based PMS solutions are a superior way to automate and accelerate all the important processes at your hotel including; Taking and confirming bookings, Managing reservations, Generating bills and reports, Check-in/out, Room transfers, Checking/editing availability, Guest communication. Manage your revenue. Multifunctional.

Hotels 52

Hotels Management Revenue Management Revenue 52

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

FEBRUARY 28, 2024

The reservation system acts as the central hub of the reservation ecosystem, which may also include a website booking engine, channel manager, and revenue management system. When integrated, these modules work together to help hotels manage room availability, distribution, reservations, and revenue.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

STAAH

MAY 16, 2023

Hotel room pricing is a critical element of revenue management for hotels. Hotel managers and revenue managers use data analysis and revenue management tools to determine the optimal price for each room based on various factors such as occupancy rates, booking trends, and competitor rates.

Revenue Management 86

Revenue Management Upsell Occupancy Rack Rate 86

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

JUNE 8, 2023

Integrate with your PMS and channel manager. Reservations made on your website should automatically sync with your hotel property management system and across all your OTA channels so you don’t get overbookings. Also, you’ll be able to find smaller, more niche OTAs that will attract your ideal guest and charge lower commissions.

Management 98

Management Hotels Revenue Digital Marketing 98

Cloudbeds

MARCH 23, 2023

eCommerce sites include hotel websites and booking engines , online travel agencies (OTAs), metasearch engines , and other online platforms where hotels advertise and sell rooms. Metasearch advertising can be an effective way to reach these travelers, compete with OTAs, and generate direct bookings.

OTA 98

OTA Digital Marketing Travel Hotels 98

SiteMinder

NOVEMBER 14, 2023

Let’s take a closer look at where these platforms shine: Increase room revenue As a Lodgify alternative, SiteMinder’s advanced revenue management tools and analytics provide hoteliers with actionable insights to make informed pricing decisions. SiteMinder’s booking engine is a testament to its expertise in this area.

Revenue 52

Revenue Upsell Revenue Management OTA 52

Hotelogix

OCTOBER 19, 2023

Here are a few essential integrations: Channel Manager: With a two-way seamless connectivity, it helps hotels with real-time update of rates and inventories across OTAs and metasearch engines. The primary objective is to help hotels sell more at the best rates to the right guest to boost occupancy and revenue.  

Hotels 52

Hotels Revenue OTA Management 52

AskSuite

MARCH 11, 2024

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. This team can also be in charge of upselling , such as room upgrades, or cross-selling different experiences the hotel has to offer before the guest arrives at the hotel.

Services 98

Services Hotels Travel Revenue 98

gcommerce

JANUARY 29, 2024

Equally important, the absence of that marketing all but guarantees that travelers looking to stay in your destination will book through OTAs or, worse yet, at one of your competitors. Audience targeting techniques Metasearch management provides marketers with audience tools that will be more familiar to them than to revenue managers.

Market 52

Market Marketing Hotels Upsell 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. Look at today’s AI-powered revenue management tools. In fact, we have already seen AI at work in hotels. to offer them personalised experiences.

Hotels 52

Hotels Revenue Management Revenue Occupancy 52

Inn Quest

MAY 11, 2023

Best Hotel Pricing Strategies in 2023 Dynamic Pricing: Dynamic pricing is a revenue management strategy that allows hotels to adjust their room prices in response to fluctuations in market demand. Additionally, upselling additional services or goods through bundling enables hotels to increase revenue.

Revenue 88

Revenue Occupancy Hotels Market 88

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

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

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

Hotel Business

SEPTEMBER 14, 2023

Dynamic upsell: Hotels can engage guests in advance of their stay, offering enhancements like early check-in, late checkout and room upgrades. In doing so, hotel owners can now easily unlock new opportunities to boost revenue and their bottom line. Wyndham also debuted its new OTA reconciliation tool.

Average Length of Stay 64

Average Length of Stay OTA Revenue Services 64

eZee Absolute

JANUARY 26, 2023

Pricing Strategies to Optimize Your Hotel Revenue Hotel revenue management is a tricky affair and there’s no single magic formula to optimize it. This is why I am mentioning some unique tactics for you to skyrocket your hotel revenue. Because it helps in upselling your services.

Revenue 52

Revenue Market Penetration Revenue Management Services 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).

Hotel Marketing 74

Hotel Marketing Market Marketing Hotels 74

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