eHotelier

FEBRUARY 20, 2024

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. Managing a profitable hotel requires a careful eye on your inventory.

Revenue 52

Revenue Revenue Management Overbooking Management 52

eZee Absolute

DECEMBER 7, 2023

Revenue management (RM) is supremely necessary for hotels. I kid you not, most of the hotels refrain from opting for any sort of revenue management services. The hotel revenue management myths that are swirling around are the real reasons hotels are so skeptical about it. Do not shy away from revenue management.

Revenue Management 98

Revenue Management Revenue Management Overbooking 98

STAAH

APRIL 16, 2024

Hoteliers need to employ smart strategies to optimize revenue and profitability. One of the most powerful tools in their arsenal is a robust Revenue Management Solution (RMS). This enables hoteliers to adjust room rates dynamically to maximize revenue based on current market conditions.

Revenue Management 79

Revenue Management Revenue Management Forecasting 79

Little Hotelier

APRIL 10, 2024

Automation brings freedom and peace of mind Even with just four glamping pods, having software in place to manage day-to-day tasks is crucial for time management and revenue optimisation. However, ensuring guests book directly is just as essential for revenue optimisation. Tracy states that Little Hotelier has been invaluable. “It

Revenue 52

Revenue Management Small Business OTA 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

STAAH

AUGUST 20, 2023

The Thai beach resort attributes the revenue surge to the efficiencies in online distribution and direct bookings via STAAH. They wanted a platform that was fast and performant – quickly updating inventory and rates across multiple online channels, minimising errors and overbooking. STAAH ticked all the boxes – and more.

Revenue 76

Revenue Overbooking Resorts Occupancy 76

SiteMinder

NOVEMBER 17, 2023

We recently chatted with Jon Murphy, Consultant Revenue Director supporting the Kaleidoscope Collection, about how the brand benefits from working with an industry-leading hotel commerce platform. Preparing the revenue pack for our weekly meetings is a big part of my role. But adding partners used to be challenging.

Revenue 98

Revenue OTA Overbooking Online Sales 98

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

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

Inn Quest

SEPTEMBER 5, 2023

Hotel inventory management is the process of efficiently overseeing and optimizing a hotel’s available resources including rooms, services and facilities, to maximize revenue and guest satisfaction. Food and Beverage: Restaurants, bars and room service are vital revenue streams.

Management 87

Management Overbooking Revenue Hotels 87

SiteMinder

DECEMBER 12, 2023

I have also seen an increase in direct bookings and less overbookings, which has boosted our revenue.” “I “Using SiteMinder has allowed us to change the way we manage our rooms and rates, resulting in a bookings increase of more than 10%,” he said. “I I can also do more things in less time,” he continued.

Revenue 52

Revenue Overbooking General Manager Hotels 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 71

Revenue Management Revenue Management Forecasting 71

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

Refine

FEBRUARY 18, 2024

It synchronizes data like rates and availability, reducing overbookings and discrepancies. This system is crucial for maximizing online visibility and revenue, making it an essential component in The post Hotel Distribution Channel Manager: What Are the Advantages? appeared first on Revfine.com.

Overbooking 40

Overbooking Management Revenue Hotels 40

STAAH

OCTOBER 18, 2022

Equally, for guests booking via other online channels, making sure your information, availability and rates are accurate is important to avoid overbookings that definitely leave a negative experience for guests. #4 Integration with your PMS and channel manager to ensure the website always reflects accurate information. 4 Smooth check-in.

Revenue 83

Revenue Upsell OTA Overbooking 83

SiteMinder

AUGUST 29, 2023

Understanding and controlling hotel operating costs While revenue generation often takes the spotlight, equally crucial is the understanding and control of hotel operating costs. Typical hotel operating expenses list Managing a hotel’s finances requires a keen understanding of both its revenue streams and its operating expenses.

Revenue 52

Revenue Hotels OTA Operations 52

SiteMinder

SEPTEMBER 6, 2023

While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. Boosted revenue : Late bookings often come with higher price tags, capitalising on the urgency of the guest’s needs. An occupied room, even at a discounted rate, is better than an empty one.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

STAAH

JUNE 11, 2023

The manual nature of updates limited the OTA partners they could work with as the risk of overbooking and other errors was very high, especially as they frequently have connectivity issues. By leveraging the data insights from STAAH, Bernardos has converted these opportunities into revenue. Find out more about this property here

Overbooking 86

Overbooking OTA Revenue Hotels 86

STAAH

MARCH 31, 2024

The results are evident in boosted revenue and staff efficiency. 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 89

Resorts Overbooking Hotels Revenue 89

SiteMinder

JANUARY 21, 2024

The ultimate challenge for us was to maximise our occupancy rate each month and reduce our overbookings as much as possible.” “Moreover, managing OTA inventory and data insights with quality and completeness to further develop the analysis of our target customers was important but also difficult.”

Resorts 52

Resorts Overbooking OTA Occupancy 52

STAAH

JANUARY 22, 2024

They continue with its rich features that are designed to optimise revenue and support a modern revenue strategy with dynamic pricing and in-depth reporting that is rich in insights. Increased efficiency and revenue growth Now these processes have become a lot more efficient at JSK Mantanani.

Resorts 86

Resorts OTA Overbooking Revenue 86

SiteMinder

DECEMBER 3, 2023

Barcelona, Spain – Hotel reservations in Spain have grown by 37% compared to the start of December 2019, according to data from SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels.

Overbooking 59

Overbooking Revenue Hotels Accommodation 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

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

This level of personalization not only improves user satisfaction and loyalty, but it increases conversion rates and revenue for hotels. 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

Cloudbeds

APRIL 30, 2024

A question that likely keeps you up at night is, ‘How can I boost revenue per available room (RevPAR) and outpace my competitors?’ It’s the bedrock of hotel revenue management , and for good reason. Prices change dynamically (hence the name) using real-time data to maximize your revenue and occupancy rates.

Revenue Management 52

Revenue Management Revenue Occupancy Hotels 52

STAAH

OCTOBER 15, 2023

This led to rate disparity, overbooking and inventory discrepancies. Rudraksh Club & Resort uses the STAAH Max Channel Manager which is powered by two-way API connections with more than 200 online channels, multiple PMS providers, revenue management systems, payment gateways and more.

Overbooking 82

Overbooking Occupancy Accommodation Resorts 82

Hotelogix

APRIL 18, 2024

For instance, a business that has just started is focused on making money immediately whereas a more established hotel business with steady revenues would concentrate on its reputation. Overwhelming and a colossal waste of time…not to mention he frequently missed updating the OTAs, which led to overbooking.

OTA 52

OTA Overbooking Cancellation Business 52

SiteMinder

DECEMBER 12, 2023

“As the largest hotel in Dalat with many room types, Terracotta Resort was in a situation where inventory management on more than 10 OTA channels became increasingly difficult,” said Mr. Triết, “The inability to update rooms and rates immediately is a potential obstacle to revenue flow and a constant obstacle for employees.

Resorts 105

Resorts OTA Overbooking Hotels 105

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

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

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

SiteMinder

MAY 2, 2023

At the same time, availability is adjusted across all channels, which reduces the risk of overbookings. “We Dynamic online distribution and more revenue The channel manger feature has also helped Town Hotel to improve its online reach. This in turn has a positive impact on occupancy and revenue.

Overbooking 97

Overbooking Online Sales Hotels OTA 97

SiteMinder

OCTOBER 10, 2023

This ensures uniformity and minimises the risk of overbookings through real-time inventory management, rate management, booking management, auto sync, and additional features. The syncing process ensures that all your listings are updated in real-time, minimising the chance of overbooking or discrepancies. The result?

Management 52

Management Overbooking Hotels Revenue 52

SiteMinder

SEPTEMBER 4, 2023

After 12 years in operation, we recently spoke to Corporate Director for Revenue & Digital Distribution Pawarisa Hirantanes about the group’s journey and its satisfaction with SiteMinder as a technology partner. Further to that, it opens up opportunities to unlock more revenue for the business.

Operations 98

Operations Revenue Hotels OTA 98

Hotelogix

DECEMBER 7, 2023

OTAs are now a great marketing resource for hotel owners, allowing them to reach a wider audience and optimize revenue. Listing up on multiple OTAs without having the means to avoid overbookings and grab more customers is a vague idea.   Pay for 6 months and use it for 12 months | Drive growth and revenue!

OTA 107

OTA Overbooking ROI Hotels 107

SiteMinder

NOVEMBER 23, 2022

Effective handling of booking channels, thereby increasing revenue, and most importantly improving our customer experience,” Viki explained. With SiteMinder, our revenue has increased by 30% from what it was before.” All tasks are integrated between our website, booking page, and property management system.

Overbooking 105

Overbooking Hotels Revenue Consumer 105