Boutique Hotel News

FEBRUARY 21, 2023

OYO’s AI and machine learning-driven dynamic pricing engine continuously optimises prices for each hotel to improve tariffs while increasing occupancy, which results in higher RevPars for our partner hotels. “For instance, in the last four years, OYO’s pricing engine, has done over 11 million price modifications in the UK market.

Revenue 52

Revenue Revenue Management Hotels Occupancy 52

SiteMinder

NOVEMBER 2, 2023

With features such a channel manager, booking engine, and business intelligence tool, SiteMinder has played a crucial role in ensuring a smooth and optimised online presence for Fusion properties. Booking engine: Maximise direct revenue, build closer guest relationships, and take seamless payments online. Why SiteMinder?

Hospitality 98

Hospitality Revenue Hotels Management 98

Amadeus Hospitality

SEPTEMBER 12, 2023

Using creative merchandising, the hotel can increase revenue opportunities by presenting new offers built with optimized pricing strategies such as percent off, flat fee, or one night free. Performance Analyst : Hoteliers can make more informed decisions with iHotelier Analytics built on Amadeus’ world-class business intelligence platform.

Revenue 59

Revenue Upsell Hotels OTA 59

Cloudbeds

JANUARY 17, 2024

At Cloudbeds, we’ve taken measures to include GA4 in our booking engine and digital advertising processes to ensure proper results for our customers. AI for streamlining marketing activities The explosion of artificial intelligence (AI) was monumental in 2023. What hoteliers and hosts can do to prepare. This involves three key steps.

Hotel Marketing 98

Hotel Marketing Market Marketing Hotels 98

AskSuite

MAY 2, 2024

These intelligent virtual assistants offer multiple benefits, revolutionizing the way hotels handle bookings and customer interactions. 3 Increase Direct Bookings According to Asksuite, on average 40% of travelers ask for price quotes while interacting with an AI reservation agent.

Services 52

Services Hotels Revenue Hiring 52

Little Hotelier

MARCH 10, 2024

Direct online bookings : With Little Hotelier’s customisable online booking engine, hotels can integrate direct booking capabilities into their websites, boosting direct reservations and cutting down on OTA commissions. It also tracks performance metrics, offering a detailed view of how pricing strategies impact overall hotel revenue.

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Hotel Sales Sales Revenue Management Revenue 52

Hotel Speak

DECEMBER 11, 2023

From revenue management systems to channel management , booking engines and other technology stacks to automate operations, hoteliers are signing up to more technology than ever before. Technology also permits smarter and personalised acquisition of guests (thanks to data tools driven by artificial intelligence).

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Revenue Revenue Management Cancellation Hotels 54

eZee Absolute

FEBRUARY 15, 2024

Metasearch engines, such as Google Hotel Ads, TripAdvisor, and Trivago act as central hubs where potential guests can effortlessly compare prices, read reviews, and make informed decisions – all in one place. These engines operate on a straightforward principle – simplifying the booking process. But what about your hotel?

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Market Marketing Email Marketing Marketing Strategy 52

Catala Consulting

JANUARY 8, 2024

Their journey from simple price setting mechanisms to sophisticated, data-driven engines demonstrates the transformative power of technology in business. Airlines were suddenly free to set prices and needed systems to dynamically adjust fares in response to fluctuating demand and competition.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

eZee Absolute

SEPTEMBER 11, 2023

Dynamic Pricing Strategies was his magic trick!! Well, I have had some idea about dynamic pricing but I couldn’t let him go without knowing his secret. In this blog, I will discuss everything Arjun told me (and what I know now) about dynamic pricing for hotels and how you can make the most out of it to mint revenue for your business.

Revenue 59

Revenue Hotels Revenue Management Occupancy 59

Cloudbeds

JUNE 23, 2023

The best and most advanced bots are powered by artificial intelligence, but many bots follow a set of rules programmed via a bot-building platform. While some rule-based chatbots are built for more straightforward tasks, AI-powered chatbots are designed for intelligent and complex tasks. How do chatbots work?

Upsell 98

Upsell Services Hotels Target Marketing 98

Little Hotelier

AUGUST 24, 2023

What is competitor-based pricing? Competitor based pricing, or competition based pricing, is a strategy in which a hotel’s room rates are influenced by the room rates charged by competitors. Competitor price intelligence isn’t the only factor considered in a competitor-based pricing strategy, but it is the main one.

Hotels 52

Hotels Revenue Market Marketing 52

Amadeus Hospitality

DECEMBER 21, 2023

Celebrating the Milestones BUSINESS INTELLIGENCE In 2023, Amadeus continued to connect various data points along the traveler journey by better informing anyone seeking insights into traveler trends. At the same time, we continue to invest in ensuring our business intelligence solutions provide unparalleled competitor insights.

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Travel Occupancy Average Daily Rate Global Distribution System 97

SiteMinder

DECEMBER 20, 2023

It is overflowing with best-in-class functionality, offering all that ThinkReservations offers and much, much more: business intelligence , marketing assistance, OTA partnerships and a powerful booking engine, to name but a few key features. SiteMinder , meanwhile, is the world’s largest open hotel commerce platform.

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OTA Yield Management Management Business 59

MediaBoom

JUNE 16, 2023

In today’s world, artificial intelligence (AI) is revolutionizing the way we advertise to consumers. In advertising, Artificial Intelligence (AI) is used to analyze data and make predictions about consumer behavior, optimize ad targeting and delivery, and personalize ad content for individual users. But How AI is Changing Ads?

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Consumer Market Marketing ROI 82

Hotelogix

OCTOBER 19, 2023

To get a clear picture of your hotel compset analysis, you need to start with the following steps: Define your goals for competition, such as attracting more guests or increasing prices for greater revenue, or improving services compared to competitors. Pricing - Take out the average pricing of rooms of the inventory.

Hotels 40

Hotels Services Revenue Revenue Management 40

Amadeus Hospitality

SEPTEMBER 6, 2023

By showcasing these attributes in an attractive and captivating way on their website with carry-over into the booking engine, a hotel can ensure a seamless and tailored booking flow for guests. Building experiential stays helps drive overall profitability by enhancing guest stays and highlighting a hotel’s unique features and amenities.

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Average Daily Rate Global Distribution System Hotels Revenue 52

SiteMinder

JULY 25, 2022

However, simply increasing room prices isn’t always the only, or best, option. Track the overall economy and market demand – By keeping track of market fluctuations you’ll have a better idea of when you can raise prices, by how much, and for how long. Thanks for subscribing to the SiteMinder industry newsletter.

Average Daily Rate 52

Average Daily Rate Upsell Occupancy Revenue 52

SiteMinder

NOVEMBER 21, 2023

With tools that allow hoteliers to sell all their rooms from one central location, over 1,000 quality integration connections, and intelligent rules to save hours of manual work, SiteMinder is the comprehensive platform where hotel businesses can truly thrive. SiteMinder goes beyond just management; it’s about driving success.

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OTA Revenue Management Operations 59

SiteMinder

JANUARY 8, 2024

Pricing By knowing how much and when to drive prices up during high peak periods and lowering prices to ensure rooms are rented during low peak periods, hotels can maximise their return. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR).

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

Pricing By knowing how much and when to drive prices up during high peak periods and lowering prices to ensure rooms are rented during low peak periods, hotels can maximise their return. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR).

Operations 52

Operations Management OTA Hotels 52

SiteMinder

NOVEMBER 22, 2023

Pricing & marketing Developing a strategic pricing model is key to attracting the right audience while maximising revenue. With a good pricing intelligence tool, you’ll know if your competitors are doing the same thing and adjust your strategy accordingly, meaning you’ll stay on par with similar properties.

Events 59

Events Revenue Hotels Management 59

SiteMinder

FEBRUARY 28, 2023

SiteMinder’s Changing Traveller Report found that just 8% plan to begin their research on a search engine, well down on the global average of 33% – most will begin on specific sites or apps. Check your inbox, we've sent you an email. Additionally, 47% plan to book with an OTA and 24% direct with their accommodation.

Tourism 105

Tourism Travel Accommodation OTA 105

Little Hotelier

MARCH 20, 2023

A hotel chatbot is completely automated and is either run by artificial intelligence (AI) or from pre-defined rules, whereas live chat still connects a user to a real customer service representative. It provides guests with information on availability, pricing, amenities, services, and the booking process itself.

Hotels 64

Hotels Consumer Operations Services 64

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. These channels may include the hotel’s website booking engine, online travel agencies (OTAs), the global distribution system (GDS), wholesalers, and metasearch sites.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

MediaBoom

MAY 16, 2023

Luxury, in terms of vehicles, refers to automobiles that exude sophistication and style with their sleek design, state-of-the-art connectivity, comfortable interiors, and focus on precision engineering. This is a helpful answer to the rise in fuel prices and growing environmental concerns.

Forecasting 52

Forecasting Market Marketing Digital Marketing 52

Amadeus Hospitality

MAY 25, 2023

Use both your booking engine and business intelligence data to identify trends. Even better, skip the RFP process altogether for small events and enable meeting planners to book directly via your website by supplying real-time availability, pricing, and the capability to instantly book your space.

Business 88

Business Sales Events Travel 88

SiteMinder

AUGUST 29, 2023

By having an Internet booking engine (IBE) on your branded website and investing in social and mobile technologies to drive sales, you can reduce the amount spent on third-party commissions. For example, Danubius Hotels offers guests a free £15 voucher for each night booked directly, along with the best price guarantee.

Revenue 52

Revenue Hotels OTA Operations 52

Hotel Business

FEBRUARY 26, 2024

Designed to unify fragmented hospitality systems into a single, AI-driven platform, Hyper Nimbus streamlines hotel operations by activating built-for-purpose proprietary machine learning algorithms for revenue optimization, sales and marketing, guest intelligence and operations, according to the company.

Revenue 111

Revenue Sales Forecasting Revenue Management 111

SiteMinder

FEBRUARY 8, 2024

SiteMinder’s Changing Traveller Report found that just 8% plan to begin their research on a search engine, well down on the global average of 33% – most will begin on specific sites or apps. The very first step is knowing where to find and target travellers from China online.

Travel 52

Travel Market Marketing Tourism 52

Cloudbeds

JUNE 8, 2023

A helpful hotel management solution will combine multiple functionalities, such as a booking engine, PMS, channel manager, digital marketing, guest engagement, and reporting. The right hotel management software helps you meet those expectations by providing: An online booking engine. Synchronized pricing and availability.

Management 98

Management Hotels Revenue Digital Marketing 98

SiteMinder

FEBRUARY 25, 2024

Direct booking plugins are apps that will further reduce your reliance on OTAs by bringing more features and greater functionality to your existing booking engine. Visible apps are those the guest will directly interact with, such as a chatbot or price comparison tool. What is a hotel booking plugin? Optional extras and special offers.

Hotels 52

Hotels OTA Upsell Revenue 52

Cloudbeds

FEBRUARY 15, 2023

To reduce labor expenses, utilize tools that automate simple, repetitive tasks like a web booking engine, guest engagement platform, and a remote check-in solution. Reassess your software stack With technology proliferating in hotels, it’s easy to lose control of costs.

Operations 52

Operations Occupancy Revenue Hotels 52

A Sales Guy

DECEMBER 15, 2016

What if you could leverage your SME, marketing manager, engineer, or any other resource on your team in an active sales cycle? Use Social Intelligence to Listen to Your Customers. Leverage services like Google Alerts, or even better Mention.com (much more powerful, and worth the price). Leverage all your players in your team.

Pipeline 98

Pipeline Market Marketing Intent 98

Cloudbeds

MAY 31, 2023

With inflation driving up costs, travelers are more price-sensitive than usual. For the hotel business, rate shopping is an integral part of a dynamic pricing strategy , providing valuable insights into competitor rates. With rate insights, lodging operators can price right every time to drive more third-party and direct bookings.

Revenue Management 52

Revenue Management Shopping Average Daily Rate Revenue 52

SiteMinder

DECEMBER 18, 2023

Then there’s the suite of features and tools made to maximise your hotel’s revenue: business intelligence, marketing management and a powerful booking engine. SiteMinder is ideal for independent hotels, as well as groups and chains, looking for a hugely powerful and capable platform that is also reasonably priced and easy to use.

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OTA Revenue Management Business 59

Boutique Hotel News

DECEMBER 20, 2022

This means that during periods of high consumer price growth, hotels have been able to raise room rates and pass on these rising costs to guests. As Simon Bullingham, CEO of Journey Hospitality highlights, consideration must be given to open-API booking engines, AI-powered promotional messaging, and shoppable content via VR and 360 tours.

Travel 124

Travel Hotels Branding Real Estate 124