Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Why is Revenue Management Imperative for Resorts?

Revenue Management 52

Revenue Management Revenue Resorts Management 52

SiteMinder

OCTOBER 26, 2023

Dallas, USA – Brittain Resorts & Hotels (BRH), a leading full-service hospitality management company, has adopted SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, as part of its newly-announced business intelligence technology matrix.

Revenue Management 81

Revenue Management Revenue Resorts Management 81

eHotelier

FEBRUARY 20, 2024

Managing a profitable hotel requires a careful eye on your inventory. You don’t want to sell your rooms too early at reduced rates because such spillage can drain your revenue. However, spoilage, overbooking, and overselling can also wreck your profits.

Revenue 52

Revenue Revenue Management Overbooking Management 52

STAAH

NOVEMBER 8, 2022

Like many other areas in travel and hospitality, revenue management has dramatically changed in the last two years. We spoke to leading revenue managers on what they think lies ahead. Revenue managers have had to up their ante on monitoring local trends and populace segments to get a better understanding of demand.

Revenue Management 70

Revenue Management Revenue Management Forecasting 70

Refine

JUNE 16, 2023

Analyses showed that hotels with a solid revenue management strategy came out of the Covid-19 crisis better than hotels without. In this article, you’ll learn how successful hoteliers handle pricing strategies during the post-covid era, and how to deal with spillage, spoilage, overbooking, and overselling.

Overbooking 86

Overbooking Revenue Management Revenue Management 86

Hotel News Resource

DECEMBER 7, 2023

When we think about revenue management, we often think of large cities, overbookings, big box hotels and a competitive marketplace. However, Rate Yield sat down with their loyal client, Manoir Belle Plage, to discuss what the revenue management software has done for them.

Overbooking 45

Overbooking Revenue Management Revenue Management 45

Xotels

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Inn Quest

SEPTEMBER 5, 2023

Effective hotel inventory management relies on technology solutions like Property Management System s (PMS), Channel Managers, and Revenue Management Systems (RMS) to automate tasks, analyze data and make informed decisions. This prevents overbooking and rate disparities, enhancing the guest experience.

Management 87

Management Overbooking Revenue Hotels 87

STAAH

MARCH 31, 2024

Delayed and failed updates to rates and availability was a common occurrence resulting in overbookings. Access to insights has encouraged revenue managers in the group to experiment with confidence, further fuelling the group’s revenue growth.

Resorts 88

Resorts Overbooking Hotels Revenue 88

STAAH

OCTOBER 15, 2023

STAAH channel manager solves connection priorities With already a plateful to manage; not to mention reduced staff post-Covid-19, the idea to automate room distribution and pricing management was a very attractive opportunity and something STAAH could easily manage.

Overbooking 81

Overbooking Occupancy Accommodation Resorts 81

SiteMinder

JANUARY 30, 2023

Besral Sitorus, Cluster Revenue Manager of the hotel, expressed his satisfaction after relying on SiteMinder: “SiteMinder has a LOT of connections, which makes it easier for us to connect with valuable channels. The team was struggling to widen visibility via online channels with their previous technology solution.

Average Daily Rate 98

Average Daily Rate Global Distribution System Management Sales 98

Hotel Business

MARCH 29, 2023

IDeaS , a SAS company, has introduced Automated Configuration for its G3 revenue management system (RMS), decreasing the initial configuration of G3 from weeks to as little as one day, depending on client needs and requirements. It’s like having another revenue manager on the team, analyzing the data 24/7.”

Revenue 52

Revenue Overbooking Revenue Management Forecasting 52

Hotel Business

MARCH 14, 2024

Furthermore, AI can facilitate predictive analytics to forecast demand patterns accurately, allowing hotels to allocate resources efficiently and optimize inventory management. This proactive approach minimizes the risk of overbooking or underutilization of rooms, ultimately improving revenue management and operational efficiency.

Overbooking 59

Overbooking Revenue Upsell Forecasting 59

Xotels

JANUARY 18, 2021

One of the components needed to apply a hotel revenue management is market segmentation. As a revenue manager or hotelier, your hotel market segmentation shall help to identify the purpose of the trip: either business or leisure. Overbooking (from another hotel). What is Hotel Market Segmentation?

Hotel Marketing 40

Hotel Marketing Market Marketing Revenue Management 40

SiteMinder

NOVEMBER 17, 2023

We recently spoke with Kevin Domican, Front Office and Revenue Manager at the four-star Abbey Hotel Roscommon. He shared how he and his team have been using SiteMinder’s channel manager to save time and optimise online distribution. With SiteMinder, a few clicks are enough to avoid overbooking.”

Overbooking 69

Overbooking Closing Hotels Revenue Management 69

SiteMinder

NOVEMBER 15, 2022

Hotel overbookings can be a divisive topic. Some hoteliers love using this strategy to boost their revenue and protect their property from losing out due to last-minute cancellations. However, you can minimise the risk of having to walk travellers if you have a solid overbooking strategy. What happens when a hotel overbooks?

Overbooking 52

Overbooking Cancellation Occupancy Closing 52

Inn Quest

AUGUST 8, 2023

During peak seasons, when rooms are in high demand, higher rates can help control the rate of bookings, preventing overbooking scenarios. Maximizing Revenue: Thereafter, an effective seasonal pricing strategy for hotels ensures revenue optimization. To learn about the power of online reviews for hotels, read this.

Overbooking 88

Overbooking Occupancy Hotels Revenue 88

Inn Quest

OCTOBER 3, 2023

This ensures that guests are always presented with accurate information, reducing the likelihood of overbooking or reservation errors. Hoteliers can access insights into payment trends, guest behavior and revenue performance. These insights inform pricing and marketing strategies, optimizing revenue management.

Overbooking 88

Overbooking Hotels Marketing Strategy Revenue Management 88

Little Hotelier

MARCH 10, 2024

Manage your hotel sales with the best software in the market Use Little Hotelier’s revenue management features to manage your hotel sales and boost hotel bookings. This integration streamlines the management of bookings, guest information, and operational tasks, enhancing efficiency and data consistency.

Hotel Sales 52

Hotel Sales Sales Revenue Management Revenue 52

STAAH

OCTOBER 3, 2023

It serves as a centralized control hub, enabling hoteliers to effortlessly manage and optimize their room inventory, rates, and availability across various online booking channels. There are many channel managers on the market. Some are suited to small properties while others are robust enough to handle even large chains.

Accommodation 80

Accommodation Management Global Distribution System OTA 80

Inn Quest

SEPTEMBER 12, 2023

Seasonal Demand and Revenue Management: Many hotels face seasonal fluctuations in demand, with peak periods followed by slower periods. Effective revenue management is crucial to optimize room rates, occupancy levels, and overall revenue. Offer diverse menus to cater to different tastes and dietary preferences.

Operations 88

Operations Management Revenue Revenue Management 88

Hotelogix

FEBRUARY 13, 2024

  Online distribution Managing online distribution across various channels (OTAs, direct bookings, GDS) without an integrated system is arduous in today's digital age. Plus, it leads to complexities such as rate parity/inventory disparity, overbookings, and guest dissatisfaction. 

Management 59

Management Hotels Revenue Management Occupancy 59

Inn Quest

APRIL 5, 2023

Anyone who has worked in the hospitality industry for a few years would enthusiastically attest to the importance of yield management in hotels, particularly in hotel revenue management. Yield management enables the adjustment of prices and inventory to meet seasonal demand, resulting in better revenue management in hotels.

Yield Management 88

Yield Management Management Occupancy Revenue 88

Inn Quest

FEBRUARY 1, 2023

Hoteliers can also use a channel manager to seamlessly connect with popular OTAs such as booking.com, Expedia, AirB&B, etc. Integrated platforms help increase the hotel’s visibility, maximize occupancy, and decrease overbookings. A Revenue Management System can simplify distribution and increase conversion.

Management 88

Management Consumer Hotels Overbooking 88

Little Hotelier

JUNE 30, 2023

As an owner or manager of a small hotel, it’s vital to comprehend the cancellation policies of online travel agencies (OTAs) such as Expedia. This understanding is key to efficiently managing your bookings, enhancing the satisfaction of your guests, and optimising your revenue management.

Cancellation 52

Cancellation Revenue Revenue Management Overbooking 52

Clock Software Hospitality

NOVEMBER 3, 2020

Having complete control over occupancy 24/7 will certainly cut down on the manpower it takes to keep inventory in order and prevent unwanted overbookings. Improve Revenue Management Revenue management tools are the height of innovation in hospitality technology.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

SiteMinder

OCTOBER 23, 2023

On the other hand, a channel manager is a more comprehensive tool designed to manage and synchronise a hotel’s inventory across multiple online distribution channels, such as online travel agencies (OTAs), global distribution systems (GDS), and direct booking platforms.

Management 59

Management Global Distribution System Hotels Overbooking 59

Cloudbeds

APRIL 8, 2024

Booking engines integrated with a pricing intelligence engine or revenue management system can help you price more strategically using automation, adjusting rate plans and room types based on demand, seasonality, and other factors. If you rely too heavily on OTAs, you risk giving away your profit in commissions. Intelligent pricing.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

SiteMinder

OCTOBER 5, 2023

Comprehensive tools : From managing reservations to enhancing the guest experience, Expedia Partner Central provides a range of tools tailored to the needs of hoteliers. Regularly updating the availability calendar is essential to reflect current room statuses and prevent overbookings.

Average Daily Rate 59

Average Daily Rate Hotels Management OTA 59

Little Hotelier

AUGUST 1, 2023

However, this can also lead to a reliance on last-minute bookings, which can make revenue management more challenging. This allows you to manage your Priceline bookings alongside your other distribution channels, helping to streamline operations and avoid overbooking. Priceline review: Should I use it for my hotel?

Hotels 52

Hotels OTA Travel Overbooking 52

SiteMinder

NOVEMBER 14, 2023

By integrating with SiteMinder, you can also get access to: Live availability updates – Keep room availability and rates updated in real-time to prevent overbooking and discrepancies. Instant booking confirmations – Provide instant confirmations to guests upon booking, enhancing their experience and trust.

Revenue 52

Revenue Yield Management Management Overbooking 52

SiteMinder

NOVEMBER 30, 2023

Best travel technology solutions for hotels Channel manager A channel manager is a crucial tool for hotels to effectively manage and distribute their inventory across various online travel agencies (OTAs) and booking platforms.

Travel 52

Travel Hotels Services OTA 52

Hotelogix

NOVEMBER 30, 2023

  Leverage cloud-based Hotel PMS and Channel Manager integration The integration between a Cloud-based Hotel PMS and a Channel Manager will help you establish seamless communication with all the OTAs you have collaborated with. It is critical technological integration to generate incremental bookings from OTAs. 

OTA 59

OTA Hotels Online Sales Market 59

AskSuite

JULY 20, 2023

Manage reservations via technology Today’s travelers expect to book a hotel with just a few clicks. By implementing a clever hotel booking system , you can manage availability, set dynamic pricing, and reduce the chance of overbooking. Additionally, this gives staff room to come up with creative solutions.

Management 52

Management Business Upsell Marketing Strategy 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. Revenue management. 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

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. Guestcentric.

Revenue Management 98

Revenue Management Revenue Operations Hotels 98