The Cosmos

JANUARY 23, 2023

Hotel revenue management is an important tool for hoteliers to use in order to maximize profits and remain competitive in a crowded industry, but it is a complex machine. This blog delves into hotel revenue management : what it is, how it works, and the critical role it plays in a hotel’s overall success.

Revenue Management 52

Revenue Management Revenue Business Management 52

STAAH

APRIL 9, 2024

All employees are revenue management ambassadors for their organisations. Everyone contributes to the revenue success of a business in both direct and non-direct ways. The impact of operational performance on revenue cannot be overlooked.

Revenue 93

Revenue Operations Revenue Management Upsell 93

Hotel Business

MARCH 5, 2024

Travel sellers have access to enhanced data sharing and revenue management, while hotels benefit from enhanced customer experiences. Amadeus Value Hotels equips leisure travel sellers with a range of exclusive prepaid net rates and allows sellers to set their selling prices to optimize revenue.

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Travel Upsell Revenue Revenue Management 72

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.

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Revenue Management Revenue Management Ancillary Revenue 76

Hotel Business

JANUARY 24, 2024

” He added, “Hoteliers are becoming more creative with the amenities and spaces they offer their guests and in the last year alone, we’ve seen a significant increase in properties selling additional bookable services. .” ” For the U.S. Online check-ins and upgrades continue to increase.

Upsell 59

Upsell Occupancy Travel Revenue 59

SiteMinder

SEPTEMBER 19, 2022

They improve your ability to know what guests want and to provide the appropriate services. The tradition of limiting service and interaction to just your hotel staff and physical property is being outgrown by the ability of technology to automate and make many processes easier for guests. Beonprice – Revenue management.

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Management Upsell Hotels Revenue 97

STAAH

JANUARY 16, 2024

There is no set formula to increase a hotel’s revenue, it can be achieved by creating a good promotion plan, tapping into sources of ancillary revenue , upselling and other marketing strategies. Optimise ancillary revenue. The same goes for other services such as early check-in, buffet breakfast, parking, etc.

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Revenue Ancillary Revenue Revenue Management Hotels 84

Catala Consulting

DECEMBER 28, 2023

Just as scientists hypothesize and experiment to understand phenomena, hoteliers can implement similar methodologies to test new ideas, services, or processes on a small scale before full implementation. Encouraging a culture of continuous learning and adaptation among staff can lead to innovative problem-solving and service enhancements.

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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.

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Overbooking Revenue Upsell Forecasting 59

eZee Absolute

MAY 7, 2024

But hotel revenue management can be your secret wand. Revenue management is about more than just the right pricing. It’s about knowing what guests need, predicting bookings, and adjusting rates to make more revenue. In the ever-competitive world of hospitality, staying ahead can be a real challenge.

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Revenue Management Revenue Management Upsell 52

Hotel Speak

JANUARY 25, 2024

He added, “Hoteliers are becoming more creative with the amenities and spaces they offer their guests and in the last year alone, we’ve seen a significant increase in properties selling additional bookable services. of guests added an upgrade to their reservation while checking in, with an average upsell value of $48.

Average Daily Rate 76

Average Daily Rate Revenue Travel Upsell 76

STAAH

DECEMBER 12, 2023

During peak holiday periods, consider adopting a revenue management system that factors in various parameters such as historical booking data, competitor pricing, local events, and even weather forecasts. This not only adds value for guests but also allows hotels to upsell services and capture diverse customer preferences.

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Target Marketing Cancellation Forecasting Revenue 78

Amadeus Hospitality

MARCH 5, 2024

Travel sellers enjoy enhanced data sharing and revenue management, while hotels benefit from enhanced customer experiences. Additionally, Amadeus Value Hotels equips leisure travel sellers with a range of exclusive prepaid net rates and allows sellers to set their selling prices to optimize revenue.

Revenue 59

Revenue Upsell Travel Hotels 59

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….

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Management Business Upsell Marketing Strategy 52

Cloudbeds

APRIL 8, 2024

It can be customized to fit your brand, cater to international audiences with multi-language and currency options, and offer add-ons or upsells to help you increase revenue. Upsells and add-ons. How robust is the knowledge base for self-service learning and troubleshooting? Travelers crave experiences.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

SiteMinder

OCTOBER 10, 2023

Discount pricing is a revenue management strategy where prices are lowered temporarily or for certain conditions to attract guests and boost occupancy rates. Loss leader discounts: Offer one service at a discount to promote sales of other services, like a discounted room rate to promote spa services.

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Occupancy Events OTA Upsell 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.   Boost revenue: Make the best use of an upselling/cross-selling strategy.

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Operations OTA Hotels Revenue 52

Little Hotelier

OCTOBER 17, 2023

What is hotel revenue? Hotel revenue is the income your business earns from selling rooms or other products and services to guests. While revenue is mostly generated from selling your rooms, you can also collect revenue from your amenities such as a bar, restaurant, gym, or spa.

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Revenue Hotels OTA Ancillary Revenue 100

AskSuite

MARCH 11, 2024

How can you provide the best customer service in hotels during pre-stay ? As you can see, your hotel customer service is crucial to converting these online visitors into guests. Many articles talk about the customer service during stay, but what about the assistance provided before booking ?

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Services Hotels Travel Revenue 98

SiteMinder

JULY 25, 2022

It’s a key metric for you to measure and track if you want to build an effective hotel revenue management strategy. By looking at ADR, you can easily start to strategise ways to boost your bookings and revenue. Personalise wherever possible – By personalising your service you’ll build a stronger relationship with guests.

Average Daily Rate 52

Average Daily Rate Upsell Occupancy Revenue 52

Amadeus Hospitality

JUNE 9, 2023

Katie Moro, VP Data Partnerships, BI & Data Products will speak at the co-located HSMAI ROC conference , on a panel addressing Evolving Consumer Segments: Insights for Revenue Management on Wednesday, June 28 at 10:30 am. Schedule a meeting with us at HITEC here. How can hoteliers face these new trends head on?

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Travel Hospitality Events Operations 98

SiteMinder

AUGUST 29, 2023

What is ancillary revenue? Ancillary revenue is when you earn income from additional services or products offered at your hotel. In order to optimise this, you need to think of your hotel as more than rooms and rates, but in a more holistic way that leans towards complete revenue generation. It’s a virtuous cycle.

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Ancillary Revenue Revenue Hotels Services 52

Little Hotelier

NOVEMBER 6, 2023

What is hotel revenue optimisation? As a small, independent hotelier you may have heard the terms hotel revenue optimisation and hotel revenue management. So what is revenue optimisation? Upselling and cross-selling Grab upselling and cross-selling opportunities with both hands.

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Revenue Average Length of Stay Average Daily Rate Hotels 59

Hotelier Magazine

MAY 4, 2023

However, they quickly learn they are less sore as they are not carrying so much weight at such a distance, they have bigger table bills as a result of better guest attention and upselling, with better service, they also can expect better tips. On the guest-facing front, Staley says robots are a hit wherever they’re put into service.

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Operations Hotels Services Upsell 105

Inn Quest

JUNE 8, 2023

Gone are those days when a friendly concierge staff was the peak of personalized service. Rather than replacing human interaction, AI enables professionals to provide better service while making time for establishing connections. To learn about the benefits of yield management in the hotel industry, read this.

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Hospitality Upsell Services Operations 54

Amadeus Hospitality

AUGUST 24, 2023

Power revenue and marketing strategies with forward-looking data It’s a competitive world out there, but having access to the latest business intelligence solutions enables hoteliers to identify booking trends, optimize rate strategy, and track forward-looking market insights.

Travel 52

Travel Average Daily Rate Marketing Strategy Occupancy 52

Hotelier Magazine

JANUARY 24, 2024

“Not only do [these two systems] manage our customer relationships as far as maintaining contact information, email data bases, and email-marketing software, they do all of our online relationship management by monitoring review sites, which let the properties know when they have a review so they can engage appropriately.”

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Business Hospitality Email Marketing Management 59

Hotel Operations

JULY 21, 2023

The availability of data has grown so much that today, hoteliers can look more holistically at all the revenue outlets across their property and determine which areas are contributing the most to the bottom line. Billy’s career with Sea Island Resort has spanned three decades and focused on revenue functions for the last 20 years.

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Clock Software Hospitality

NOVEMBER 3, 2020

After all, the biggest part of the job is securing, more lucrative guests who expect you to show a degree of flexibility in making arrangements for their stay in exchange for the appropriate upsell. Improve Revenue Management Revenue management tools are the height of innovation in hospitality technology.

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Hospitality OTA Revenue Management Hotels 52

Hotel Speak

JUNE 22, 2023

With this seamless and end-to-end integration, Hotelogix aims to help hotels efficiently upsell and increase direct bookings for more revenue. It will, in turn, help hotels identify the guests’ spending patterns and present them with upselling opportunities.

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Upsell Revenue Hotels Online Marketing 59

Experience Hotel

JULY 20, 2022

La gestion de la relation client (GRC), ou en anglais “Customer Relationship Management” ( CRM ), est l’ensemble des outils et techniques destinés à capter, traiter et analyser les informations relatives aux clients, et a pour but de les fidéliser en leur offrant ou en leur proposant des services personnalisés.

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KPI Email Marketing Market Marketing 52

SiteMinder

JANUARY 8, 2024

Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Learn more Different parts of hospitality management operations Hospitality is an umbrella term to many industries. Operations management in the hospitality industry is a broad term.

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Operations Management OTA Hotels 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

SiteMinder

JANUARY 8, 2024

Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Learn more Different parts of hospitality management operations Hospitality is an umbrella term to many industries. Operations management in the hospitality industry is a broad term.

Operations 52

Operations Management OTA Hotels 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.

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Revenue Management Hotels Operations Revenue 98

Little Hotelier

MAY 31, 2023

As a closed, member-only service, Bidroom sidesteps rate parity agreements, allowing your hotel to deliver enticing discounts based on user needs and wants. How hotel bidding sites fit into your overall revenue management strategy Hotel bidding sites can be viewed as an effective filler or top-up tool for your reservation calendar.

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Hotels Revenue Upsell ROI 52

Catala Consulting

JUNE 21, 2022

Table of Contents If you own or manage any restaurant, you’ve probably realized that there’s much more to your business than just making tasty food. Menu engineering is one of the biggest factors when it comes to menu success in restaurants, cafés and other food service outlets. The captain in this context is the restaurant manager.

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Upsell Sales Business Management 52