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The 15 Biggest Revenue Management Myths & Misconceptions

Xotels

Think revenue management is just for the big hotel chains or that it’s all about jacking up prices? Believe me when I say, as the COO of a revenue management consulting firm, that at least one of the below misconceptions is draining your hotel’s profits faster than a leaky faucet.

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Top 10 Revenue Management Tools: The Ultimate Revenue Toolkit

Xotels

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. So, let’s provide you with a list of revenue management tools to simplify managing your hotel so much easier: What are Revenue Management Tools?

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Effective Hotel Sales Strategies to Increase Revenue

Hotelogix

You want to make sure your hotel is available where your guests are looking, but also avoid overbooking or confusion about prices across multiple channels. Use a Channel Manager: A channel manager allows you to update your prices and availability across all platforms in real-time, avoiding any booking mistakes or confusion.

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Tryp.com: Expert guide for hotel owners

SiteMinder

Plus, when you connect Tryp.com to SiteMinder’s channel manager, inventory and rate updates flow through automatically, preventing mismatches and accidental overbooking. Heather Minyard, Director of Commercial Strategy Smoky Mountain Resorts Read more How can you integrate tools and platforms with Tryp.com?

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Hotel integration: why is it essential to your hotel’s operational efficiency?

AskSuite

Despite that, nearly 45% of independent hotels still operate with partially integrated or disconnected platforms, leading to challenges such as overbooking, inconsistent pricing across channels, and lack of real-time visibility of interactions with travelers. This minimizes overbookings, billing mistakes, and service delays.

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RateGain integrates with Cloudbeds to enhance hospitality distribution with AI-Powered capabilities

eHotelier

By integrating RateGain’s industry-leading UNO Channel Manager with Cloudbeds’ robust property management system (PMS), hoteliers can manage rates, inventory, content and reservations across 400+ distribution channels with ease and accuracy.

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From Manual Struggles to Smart Solutions: SiteMinder Powers Success at Sotetsu Grand Fresa Taipei Ximen

SiteMinder

“We needed a way to streamline communication between the front desk and guests because it takes up a lot of time,” says Jimmy Tang, Revenue Management Manager. GuestJoy’s upsell feature has also been a revenue driver, especially for luxury or resort-type hotels. I can do more in less time.