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

STAAH

MARCH 31, 2024

The results are evident in boosted revenue and staff efficiency. Five decades of service Sunshine Hotels and Resorts is a Pattaya-based hospitality group with more than 50 years of experience in hotel management. Delayed and failed updates to rates and availability was a common occurrence resulting in overbookings.

Resorts 89

Resorts Overbooking Hotels Revenue 89

Hotel Business

MARCH 14, 2024

Mobile tools, such as check-in/out, digital room keys, digital concierge services, workflow automation, digital payments and even robotics are positively impacting loyalty in many ways. Embedded payments Digital payments are trending and transforming the way guests are engaging with services and settling transactions.

Overbooking 59

Overbooking Revenue Upsell Forecasting 59

SiteMinder

JANUARY 30, 2023

Table of contents SiteMinder solves online visibility woes Apart from providing the best service possible, hotels must not neglect the need to maximise their sales channels to boost revenue. Unfortunately this practice was difficult to achieve for Hanging Gardens of Bali. Fortunately, SiteMinder was able to change this.

Average Daily Rate 98

Average Daily Rate Global Distribution System Management Sales 98

Inn Quest

SEPTEMBER 12, 2023

Navigating this intricate process demands a keen understanding of both the art and science behind exceptional guest service. Understanding Hotel Operations Management Hotel operations management involves overseeing and coordinating all activities within a hotel to ensure its efficient and profitable functioning.

Operations 88

Operations Management Revenue Revenue Management 88

Hotelogix

FEBRUARY 13, 2024

Here are some operational challenges large hotel management faces without the right solution Front desk and reservations The front desk sets the tone for a guest's experience. Inventory and supplier management Efficiently managing inventory for dining, bars, and room amenities is vital yet challenging.

Management 59

Management Hotels Revenue Management Occupancy 59

Hotelogix

MAY 16, 2024

Enhanced guest experience: With access to guest data from the PMS, you can understand your past guests' likes and dislikes and offer personalized services during their subsequent visits. Sell more rooms: With increased online visibility, you can drive more bookings while eliminating overbookings and guest dissatisfaction. 

Operations 52

Operations OTA Hotels Revenue 52

Inn Quest

AUGUST 8, 2023

This approach not only strengthens the hotel’s brand but also fosters customer loyalty, as guests are more likely to return to a hotel that consistently offers attractive prices and excellent service. Improved Inventory Management: Implementing seasonal pricing allows hotels to manage their inventory more efficiently.

Overbooking 88

Overbooking Hotels Occupancy Revenue 88

Little Hotelier

MARCH 10, 2024

The software supports various functions, including reservation management, rate setting, and sales forecasting, facilitating a more organised and strategic approach to selling rooms and services. 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

SiteMinder

NOVEMBER 17, 2023

Set in an 18th-century Irish manor with all the trappings of an intimate castle, the four-star Abbey Hotel Roscommon invites guests to soak up its traditional welcoming old-world charm while enjoying legendary hospitality and service. With SiteMinder, a few clicks are enough to avoid overbooking.” One such tool is SiteMinder.

Overbooking 69

Overbooking Closing Hotels Revenue Management 69

Inn Quest

FEBRUARY 1, 2023

Integrating a PMS with your Customer Relation Management (CRM) system create personalized messages and services that can help increase guest loyalty and repeat stays. Hotel managers must be aware of what is said about their hotel online and ensure that they provide excellent service and address any issues guests may have.

Management 88

Management Consumer Hotels Overbooking 88

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

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

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

AskSuite

JULY 20, 2023

The success of a hotel hinges on more than just its architecture and impeccable service, it’s about managing all moving pieces efficiently. Hotel management can be quite complex, picture the everyday hustle, ensuring each room looks spotless, managing bookings, creating new revenue opportunities….

Management 52

Management Business Upsell Marketing Strategy 52

SiteMinder

NOVEMBER 30, 2023

It encompasses advanced booking engines, property management systems, customer relationship management (CRM) software, AI-driven chatbots, and more. These technologies are designed to automate routine tasks, free up staff for personalised guest services, and provide valuable data insights for improved operations and guest satisfaction.

Travel 52

Travel Hotels Services OTA 52

Cloudbeds

APRIL 8, 2024

Petersen, Managing Partner, went from managing three villas to building Himmapana, which consists of 41 high-end villas complete with luxury pools, massage services, private chef bookings, and much more. How robust is the knowledge base for self-service learning and troubleshooting? Intelligent pricing.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

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

Little Hotelier

AUGUST 1, 2023

It’s a platform that offers a variety of travel services, including flight bookings, car rentals, and crucially for our discussion, hotel reservations. a leading provider of online travel and related services. However, this can also lead to a reliance on last-minute bookings, which can make revenue management more challenging.

Hotels 52

Hotels OTA Travel Overbooking 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 Yield Management Management Overbooking 52

Hotelogix

NOVEMBER 30, 2023

Hotel OTA partnerships are on the rise owing to the following reasons: OTAs are great platforms for hotels to promote their services, amenities, and unique selling points, distinguishing them from competitors. This will ensure real-time rate and inventory updates across all OTAs to avoid overbookings and loss of business opportunities.

OTA 59

OTA Hotels Online Sales Market 59

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.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

SiteMinder

MAY 21, 2023

The remarkable service and awe-inspiring ocean views leave a lasting impression on both local and global travellers, making it a coveted destination on their must-visit lists. Our goal is to provide exceptional service to our guests from the moment they book until their departure.

Resorts 98

Resorts Overbooking Yield Management OTA 98

SiteMinder

AUGUST 29, 2023

Whether it’s the front desk staff, housekeeping, or the management team, ensuring they are compensated fairly is vital for maintaining service quality and guest satisfaction. Reduce hotel costs and elevate your revenue with SiteMinder Controlling costs is as crucial as driving revenue.

Revenue 52

Revenue Hotels OTA Operations 52

Cloudbeds

APRIL 2, 2024

Unlike a channel manager , a CRS can service search requests and create new reservations in real time. The revenue management system (RMS). Its portfolio of products includes a CRS that comes with revenue management functions and supports multiple languages and currencies. Busy Rooms.

Revenue Management 52

Revenue Management Occupancy Revenue Hotels 52

STAAH

MAY 7, 2023

It is known for its exceptional service and passionate attention to detail. Airways prides itself on its highly personalised butler service. The challenges of managing online room allotment across multiple channels Prior to STAAH , Airways Hotel was faced with challenges relating to managing hotel bookings across multiple channels.

Overbooking 77

Overbooking General Manager Revenue Hotels 77

Cloudbeds

JUNE 8, 2023

This year, more properties will invest in technology to help create new revenue opportunities, build better websites , manage marketing campaigns, automate services, and improve the guest experience. of revenue per hour. in revenue. Manages the back office. Integrate with your PMS and channel manager.

Management 98

Management Hotels Revenue Digital Marketing 98

SiteMinder

NOVEMBER 22, 2023

Hotel problems often revolve around managing guest expectations, maintaining operational efficiency, and ensuring financial profitability. Common issues include inconsistent customer service, challenges in managing online reputation, and fluctuating occupancy rates.

Overbooking 52

Overbooking Hotels Revenue Occupancy 52

Hotelogix

OCTOBER 19, 2023

It also aids in managing reservation cancellations and modifications, accepting reservations, sending confirmation emails, extending self-service facilities to guests, processing payments, etc.   Contactless Guest Service: This is another critical feature of a Hotel PMS that boosts guest experiences.

Hotels 52

Hotels Revenue OTA Management 52

Hotel Speak

JULY 4, 2023

For example, Cloud Hotel PMS allows them to integrate with the right solution provider to roll out contactless guest services that today’s guests like the most. 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.

Hotels 52

Hotels Revenue Management Revenue Occupancy 52

Hotel Operations

FEBRUARY 12, 2023

We look at what’s the challenge we have or the service we want to provide, and then we look at what systems and technology are out there. If the same person at the end is responsible for revenue and operational decision-making, you will impact both sides of the business and you’re not going to have the best outcome.

Operations 52

Operations Real Estate Hotels Revenue 52

Little Hotelier

FEBRUARY 5, 2024

Third-party integrations Little Hotelier offers integrations with a wide range of third-party services, including many guest experience and guest review platforms. Amongst these integrations are dozens of dedicated review management apps that grant you even more control over your online reputation. Little Hotelier No lock-in contract.

Management 59

Management OTA Hotels Accommodation 59

SiteMinder

DECEMBER 7, 2023

Although hotel rate management has less to do with barrels of crude oil, airline prices could still impact supply and demand for hotels, the most common reasons for the fluctuation of hotel rates. As we all know, supply is how much of a service the market provides and demand is how much of the market wants to pay for it.

Management 59

Management Average Daily Rate Occupancy Revenue 59

SiteMinder

NOVEMBER 20, 2023

This ensures that inventory levels, rates, and other crucial data are always current, reducing the risk of overbookings and other potential issues. This flexibility allows hoteliers to create a tech stack that perfectly aligns with their unique needs.

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