Cloudbeds

FEBRUARY 28, 2024

The information is then populated into the PMS and distributed to the hotel’s booking channels with the help of channel management software. These channels may include the hotel’s website booking engine, online travel agencies (OTAs), the global distribution system (GDS), wholesalers, and metasearch sites. Generate more revenue.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

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. The same happens with a cancellation.

Management 76

Management OTA Cancellation Overbooking 76

Hotelogix

AUGUST 27, 2024

This means using a mix of online and offline channels, like Online Travel Agents (OTAs), meta-search engines, direct bookings, reviews, Global Distribution Systems (GDS), and more. Using a mix of these channels helps hotels reach more customers, boost revenue, and manage room availability easily while competing in the market.  

Global Distribution System 52

Global Distribution System OTA Revenue Hotels 52

MediaBoom

AUGUST 1, 2024

Hospitality and tourism marketing is the strategic process of creating demand and building a strong brand for products and services within the travel industry. Get in touch to explore our PPC services in full. Alternatively, you might try yield management, which is also flexible. Both have their pluses and minuses.

Tourism 95

Tourism Marketing Market Hospitality 95

Experience Hotel

MAY 30, 2024

Pour augmenter le revenu moyen de ces clients fidèles, Simon a mis en place un programme de fidélisation centré sur des services additionnels, comme le petit-déjeuner. Suivre ce KPI permet de déterminer les efforts nécessaires pour augmenter les ventes directes et diminuer la dépendance aux OTA. Pourquoi utiliser des KPI ?

KPI 52

KPI Yield Management Occupancy OTA 52

Horizon Hospitality

JULY 10, 2024

Dynamic pricing, or yield management, involves adjusting room rates in real-time based on supply and demand, with the ultimate goal being to increase the Revenue Per Available Room ( RevPAR ). Channel Management Software will help manage room inventory across multiple online travel agencies (OTAs) and booking platforms.

Occupancy 52

Occupancy Revenue Yield Management Forecasting 52

SiteMinder

DECEMBER 20, 2023

It is overflowing with best-in-class functionality, offering all that ThinkReservations offers and much, much more: business intelligence , marketing assistance, OTA partnerships and a powerful booking engine, to name but a few key features. SiteMinder , meanwhile, is the world’s largest open hotel commerce platform.

OTA 59

OTA Management Yield Management Business 59

Xotels

APRIL 3, 2024

Also, gone are the days of selling the majority of your rooms through OTAs. Encourage Direct Hotel Bookings Encouraging customers to book directly should be a main priority included in your revenue management strategy. Mix of business and leisure amenities and services (see how to target the bleisure market ).

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 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

Xotels

DECEMBER 12, 2024

Whether youre struggling with visibility, grappling with high OTA commissions, or trying to boost direct bookings, this guide will give you actionable advice to refine your strategy and make it work for you. Focus on Direct Bookings: Optimize your website and offer incentives to encourage direct reservations, reducing reliance on OTAs.

OTA 40

OTA Global Distribution System Revenue Revenue Management 40

Hotelogix

JANUARY 29, 2025

Here’s how it’s making waves: Automation nation : From check-ins to room service orders, automation is taking over repetitive tasks, freeing up staff to focus on what really matters – personalized guest interactions. Every cent counted, every service charged! "Alexa, bring me room service!"

Management 58

Management Hospitality Hotels Services 58

Xotels

AUGUST 9, 2021

Originally, moreover, published rates were solely coming from third-party advertisers (such as OTAs), while the official websites were only visible thanks to a backlink to brand.com, not unlike TripAdvisor.com ‘s Business Advantage. . When clicking on the ads, users were taken to a dedicated URL, google.en/hotelfinder

Market Share 52

Market Share Hotels Cancellation OTA 52

eZee Absolute

OCTOBER 11, 2023

Nestled in the breathtaking mountains of Uttarakhand, Sidus Galaxy Resort & Spa stands as a picturesque retreat, offering guests an exquisite blend of luxurious accommodations, personalized services, and unique experiences, all framed by the awe-inspiring backdrop of the Himalayan snowclad peaks.

Resorts 52

Resorts Management Sales Yield Management 52

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

NOVEMBER 14, 2023

Table of contents The importance of a Hostelworld inbox login Effective communication is crucial for successful hotels, whether it’s confirming booking details, providing guests with up-to-the-minute updates on hotel events and services, or following up with guests after their stay to encourage rebookings and forging stronger customer loyalty.

Revenue 52

Revenue Management Yield Management Overbooking 52

SiteMinder

JUNE 5, 2025

It’s also worth checking if they can deliver a design-build service, which can help reduce coordination issues between architects and builders. We were able to increase RevPAR by more than 30% by executing yield management on the platform swiftly and accurately.” Start by considering your future tech stack early in the build.

Construction 52

Construction Management Hotels Operations 52

SiteMinder

NOVEMBER 24, 2023

” – Hotel reservations supervisor in the United States “The channel manager is very efficient: Fast set up, fast connectivity. Also, a very good and attentive customer service team. The only thing I hope is that more OTAs can integrate with SiteMinder in the future. the largest of any hotel tech provider to date.

Revenue 52

Revenue Revenue Management Management General Manager 52

Xotels

APRIL 3, 2024

Also, gone are the days of selling the majority of your rooms through OTAs. Encourage Direct Hotel Bookings Encouraging customers to book directly should be a main priority included in your revenue management strategy. Mix of business and leisure amenities and services (see how to target the bleisure market ).

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

MAY 30, 2024

The cost of goods sold ( COGS ) for hotel rooms consists of a variety of costs, which could include OTA commissions, 3rd party fees, GDS fees, marketing spending (both for direct and indirect channels), and system costs like booking engine, CRM, channel manager, etc. Basically, any cost related to selling rooms.

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

SiteMinder

MAY 14, 2023

It provides services with over 18 years of experience showcasing a unique identity. We always offer warm service, and we pay great attention to every detail from when a reservation is made to the check-out date. The Kirimaya brand is the first 5-star Design Resort in Khao Yai, Nakhon Ratchasima.

Sales 97

Sales Revenue Yield Management Occupancy 97