Xotels

APRIL 3, 2024

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenue management to more advanced practices and strategies.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Catala Consulting

JANUARY 18, 2024

In the dynamic world of hospitality, the UK market stands out as a beacon of innovation and adaptation, particularly in the realm of hotel revenue management. This article explores the top trends in hotel revenue management, yield management, and revenue management in the UK, offering insights and strategies for hotel professionals.

Revenue Management 52

Revenue Management Revenue Management Market 52

Mews

MAY 17, 2023

Hostel revenue management is all about selling as many rooms and spaces as possible at the highest possible price. To achieve this, the hostel must effectively manage room availability and sell for the best price through the appropriate channels.

Revenue Management 52

Revenue Management Revenue Yield Management Management 52

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

Hotel News Resource

MARCH 6, 2024

Dynamic Pricing for hotels and resorts is Skyware Hospitality Solutions' name for a Revenue Management Systems (RMS) also called 'Yield Management', Ð a term coined by Robert Crandall, former chairman and CEO of American Airlines in the 1980Õs.

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Yield Management Revenue Management Hotels Revenue 45

SiteMinder

OCTOBER 9, 2022

Few roles in the hotel industry have evolved as quickly as the revenue manager.Powered by technological advances, the rapid sharing of knowledge and online training, the discipline is synonymous with smart pricing decisions and expectations are always high in the highly competitive accommodation market. What is a revenue manager?

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Revenue Management Revenue Management Occupancy 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

SiteMinder

NOVEMBER 7, 2023

Sydney, Australia – Prominent New Zealand hospitality management company, Capstone Hotel Management (Capstone), is today celebrating 10 years of growth with SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels.

Scale 105

Scale Management Yield Management Accommodation 105

Hotel Speak

APRIL 12, 2023

HotelRunner, the leading hospitality and travel technologies platform, has launched HotelRunner Elite, an exclusive service designed to add exponential value to independent and chain hotels, helping them overcome the challenges of strategic positioning and yield management.

Yield Management 59

Yield Management Accommodation B2B Travel 59

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

SiteMinder

APRIL 25, 2024

With every passing year, revenue management is playing a more central role at hotels as they navigate a landscape now locked in a permanent state of change. The exact genesis of yield management (now revenue management) in the hospitality sector is hotly debated,” says Stuart-Hill. “The

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Revenue Management Revenue Management Hotels 111

SiteMinder

MAY 14, 2023

It aids hotels in evaluating their overall revenue management approach. As a result, the RevPAR indicator is critical for maximising revenue per room. The management team saw this as a challenge. It provides services with over 18 years of experience showcasing a unique identity.

Revenue 97

Revenue Sales Yield Management Occupancy 97

SiteMinder

OCTOBER 10, 2023

Master cost-based pricing and boost revenue Take the guesswork out of pricing. SiteMinder's tools are designed to provide a clear path to optimal pricing strategies that cover costs and maximise revenue. Adjusting prices accordingly can ensure maximised revenue during high-demand periods while maintaining occupancy during slower times.

Target Marketing 59

Target Marketing Revenue Yield Management Market 59

SiteMinder

NOVEMBER 14, 2023

Having a Hostelworld inbox login is a gateway to solving this administrative challenge, as the platform provides a suite of functionalities geared towards streamlining hotel operations, enhancing guest satisfaction, and ultimately, boosting revenue growth. But what does Hostelworld actually do? Yes, and much more!

Revenue 52

Revenue Yield Management Management Overbooking 52

Catala Consulting

JANUARY 11, 2023

Another way to manage variable costs is by implementing a yield management system , which helps the hotel to adjust room rates based on demand, thereby increasing revenue and ultimately reducing the cost per occupied room. This helps hotels to maximize revenue while keeping variable costs low.

Yield Management 52

Yield Management Occupancy Management Hotels 52

eZee Absolute

OCTOBER 11, 2023

They opted for eZee Centrix – a cutting-edge Channel Manager , to significantly enhance their visibility and revenue streams. This advanced channel manager enabled the resort to efficiently distribute its inventory across multiple OTAs, ensuring maximum exposure.

Resorts 52

Resorts Management Yield Management Sales 52

Inn Quest

JUNE 8, 2023

It helps increase revenue, improve customer satisfaction and create a more personalized and enjoyable stay for guests by suggesting relevant services and amenities tailored to individual guests. To learn about the benefits of yield management in the hotel industry, read this.

Hospitality 54

Hospitality Upsell Services Operations 54

Hotel Business

JULY 12, 2023

The all-too-common assumption among many hoteliers is that limited-service hotels don’t benefit from revenue management technology and practices when compared to full-service and resort hotels. Part of the problem, from the operators’ perspective, is the viability of revenue management technology today versus even a few years ago.

Revenue Management 52

Revenue Management Services Revenue Management 52

SiteMinder

DECEMBER 20, 2023

While it is capable of generating predictive analysis, such as yield management reports that forecast demand and guide rate adjustments, some users say that these reports don’t convert well to Excel. Increase direct revenue Both ThinkReservations and SiteMinder put a focus on direct bookings – and so they should.

OTA 59

OTA Yield Management Management Business 59

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

JANUARY 10, 2024

We were able to increase RevPAR by more than 30% by executing yield management on the platform swiftly and accurately.” Atchara Nakpoom, Revenue and Reservations Manager Kirimaya Read more

Management 59

Management Hotels Services Business 59

SiteMinder

MAY 21, 2023

Silavadee Pool Spa Resort emphasises that “since implementing SiteMinder, we have experienced a significant increase in online bookings, up to 60%, through effective yield management strategies based on market trends. This has minimised revenue loss from vacant rooms while maximising our occupancy rates.”

Resorts 98

Resorts Overbooking Yield Management OTA 98

SiteMinder

NOVEMBER 24, 2023

Evaluating SiteMinder reviews enables accommodation providers to determine its suitability for their specific needs and operational requirements, allowing them to invest in solutions that align with their business goals and increase overall efficiency, guest satisfaction, and revenue results.

Revenue 52

Revenue Revenue Management General Manager Management 52

Xotels

AUGUST 9, 2021

Google is taking the hotel industry by storm to gain market share and grow their advertising revenues. We will take a look at how Google is penetrating the hotel distribution vertical with Google Hotel Ads, and what opportunities this gives in terms of hotel revenue management and marketing. From Hotel Finder to GHA.

Hotels 52

Hotels Market Share OTA Cancellation 52

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. What’s a closeout?

Management 76

Management OTA Cancellation Overbooking 76

Experience Hotel

MARCH 10, 2020

Mais pourquoi ne pas aussi appliquer cette segmentation à votre stratégie de Yield ? Dire que vos solutions CRM et RMS (Revenue Management System) doivent fonctionner ensemble pour optimiser vos revenus est un nouveau point de vue.

Revenue Management 52

Revenue Management Management Business Revenue 52