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Benefits of Yield Management in the Hotel Industry

Inn Quest

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. Furthermore, we will provide examples of successful yield management strategies and offer tips on how to implement them in your hotel.

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Hanging Gardens of Bali maximises sales and improves channel management with SiteMinder

SiteMinder

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.

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Mastering The Art of Resort Revenue Management

Catala Consulting

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.

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Hostelworld inbox: Guide to the Hostelworld extranet

SiteMinder

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.

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Silavadee Pool Spa Resort Samui increases bookings by 60% with SiteMinder’s platform

SiteMinder

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.

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Hotel Revenue Management Strategies

Xotels

Mix of business and leisure amenities and services (see how to target the bleisure market ). Revenue management should lead the pricing strategy to ensure the best offer goes out to the booker. Benchmarking Benchmarking is a foundational element of revenue management.

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What is a hotel reservation system and why is it important?

Cloudbeds

When travelers book on your website, you can upsell them to premium rooms and cross-sell onsite services and add-ons like breakfast, dining, spa, and recreation. With a channel manager integrated with your reservation system, you can simultaneously update pricing and availability on all booking channels. Generate more revenue.