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. Types of Inventory in the Hotel Industry Hotel inventory encompasses various elements beyond just rooms.

Management 87

Management Overbooking Revenue Hotels 87

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. 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

STAAH

MARCH 26, 2024

Virtual Tours and Room Showcases: Offer virtual tours or immersive room showcases for potential guests to explore different room types, amenities, and facilities from the comfort of their own homes.

Events 91

Events Hotels Market Marketing 91

Cloudbeds

MAY 8, 2024

It shows patterns in when people want to visit based on how many rooms they book. For example, if lots of people book rooms on weekends but fewer book during the week, it tells you that weekends are your peak days. Booking pace tells you how fast people are booking rooms. are the most common.

Cancellation 52

Cancellation Revenue Occupancy Revenue Management 52

SiteMinder

DECEMBER 12, 2023

With 240 well-appointed hotel rooms and 90 captivating lake-view villas, the resort offers guests the opportunity to immerse themselves in one of Vietnam’s prime destinations, known for its temperate climate. SiteMinder’s channel manager and booking engine features in particular were a game-changer for the business.

Resorts 105

Resorts OTA Overbooking Hotels 105

Catala Consulting

JULY 30, 2023

Resort revenue management tools harness data analytics to predict demand, modify pricing strategies in real-time, and ultimately, optimize revenue. These are often driven by modern revenue management systems offering powerful forecasting tools, real-time analytics, and automation capabilities.

Revenue Management 52

Revenue Management Revenue Resorts Management 52

STAAH

MAY 8, 2023

Through the STAAH Channel Manager, accommodation providers of all types can integrate their property management system directly with their selected distribution channels to enable a two-way flow of room rates, availability and inventory in real-time. They specialise in budget properties, but have a good mix of properties on offer.

Business 97

Business Travel B2B Accommodation 97

STAAH

JUNE 6, 2023

If you are a smart hotelier or any type of accommodation provider, you would not want to miss the chance of converting your website visitors from an OTA (or any other source) and bag the commission-free direct bookings. With the right analytics tools, hotels can make data-driven decisions to optimize their revenue and marketing strategies.

Cancellation 72

Cancellation OTA Global Distribution System Revenue 72

Little Hotelier

NOVEMBER 20, 2023

Manage reservations, allocate rooms, build guest profiles, organise housekeeping, and more. Features include: Online check-in Segmentation and analytics Guest communication Upselling Visit website. It’s important to consider the following factors: 1.

Upsell 59

Upsell Hotels Occupancy Revenue 59

Hotelogix

JANUARY 30, 2024

Here are some essential hotel reports Housekeeping Report This comprehensive report is an indispensable tool for housekeeping and front desk teams, facilitating the monitoring and resolving any discrepancies in room status. It provides an up-to-date overview of all tasks, guest requests, and complaints, organized by room and staff.

Occupancy 59

Occupancy Average Daily Rate Hotels Cancellation 59

Hotelier Magazine

JANUARY 25, 2024

WASHINGTON — Canada’s hotel Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR) were the highest for any year on record, according to CoStar’s 2023 data. In 2023 (percentage change from 2022): Occupancy: 65.7 per cent (up 7.7 per cent) ADR: $200.08 (up 9.7 per cent) RevPAR: $131.48 (up 18.3 per cent (up 7.7 per cent to 56.6

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Consumer 52

Travelboom Marketing

MAY 9, 2023

With an unbeatable location, friendly staff, and comfortable rooms, Beach Haven Hotel is the perfect hotel for anyone visiting San Diego, CA. Visitors to the site can easily navigate through the website to find information about the hotel’s amenities, room types, rates, special offers, and nearby attractions.

Hiring 64

Hiring Shopping Digital Marketing Hotels 64

Travelboom Marketing

JUNE 7, 2023

Be sure to mention whether you allow companies or groups to rent blocks of rooms for their conference. Groups & Events If your hotel boasts event or meeting space, social media is one of the top spots to spread the word.

Hotels 105

Hotels Events Hotel Marketing Marketing Strategy 105

Hotelogix

OCTOBER 18, 2023

  Simply put, a hotel reservation system is a digital platform that enables guests to make reservations for rooms, suites, and other amenities through various channels, such as your hotel's official website, mobile apps, or third-party booking platforms.

Business 40

Business Global Distribution System Cancellation Hotels 40

SiteMinder

OCTOBER 9, 2023

These metrics encompass a wide range of areas, from financial figures like revenue per available room (RevPAR) and average daily rate (ADR) to operational aspects such as occupancy rates and guest satisfaction scores. It offers insights into room demand and helps in forecasting. With SiteMinder, you're always a step ahead.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

Xotels

APRIL 3, 2024

Many define revenue management as: “Selling the Right Room to the Right Client at the Right Moment at the Right Price.” Control Inventory and Prices: Optimize revenue by strategically managing room availability and pricing across all distribution channels. What Does the Process of Revenue Management Look Like?

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

eZee Absolute

MAY 13, 2024

Imagine this: a weekend rolls around, and your competitor’s rooms are booked solid, while yours have a surprising number of vacancies. Additionally, it keeps track of what other hotels in your area are charging for similar rooms and gives various performance reports that show what’s working and what needs to change.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Hotel Designs

AUGUST 29, 2023

Cutting through the noise and gimmicks, the changes we see are specific to the type of technology. This might include guestrooms being set up in advance with guests’ known preferences for certain systems, such as room temperature or lighting (circadian enabled or brightness levels adjusted).

Hospitality 98

Hospitality Operations Travel Hotels 98

Hotelier Magazine

MAY 2, 2023

per cent); and Revenue Per Available Room (RevPAR) came in at $111.23 (up 24.6 When examining location types, the highest room rate lifts were in resorts and airport hotels, further pointing to strong growth surrounding March break travel. In comparison to 2019, occupancy came in at 62.6 per cent (up 4.2

Occupancy 52

Occupancy Average Daily Rate Hotels Travel 52

Little Hotelier

DECEMBER 4, 2023

Switching to Little Hotelier automation from manual tasks has shown us how crucial technology is to selling rooms. HomeTel Na Tanao 1969 currently offers four rooms, each named after a member of Name’s family: JIRA, JITTA, NAMA, and KITTA. We want all of our four rooms to be booked regularly, without any overlapping reservations.

Sales 52

Sales Accommodation Intent OTA 52

Little Hotelier

JULY 31, 2023

From a fully interactive calendar that enables changes to rates and room types, to an intuitive content manager that allows you to easily update and rate the quality of your content, images, and offers, MaxiRoom is designed to simplify the management of your property in their system. How do MaxiRoom and Hotelbeds reservations work?

Cancellation 52

Cancellation Overbooking OTA Occupancy 52

SiteMinder

SEPTEMBER 10, 2023

It serves as a financial blueprint, detailing various revenue streams such as room bookings, food and beverage sales, and ancillary services. The budget also accounts for all types of expenses, including operational costs, capital expenditures, and marketing budgets. Why is a hotel budget important? Here are the steps involved: 1.

Revenue Management 59

Revenue Management Revenue Hotels Average Daily Rate 59

Hotel Business

DECEMBER 20, 2022

The pandemic aside, IAQ is critical as it can directly impact the well-being, comfort and productivity of occupants in all types of environments—including hotels. Hotel staff are just as impacted by IAQ as the guests who occupy the rooms. Staff productivity.

Hotels 116

Hotels Occupancy Consumer Operations 116

eZee Absolute

DECEMBER 10, 2023

Upload photos of the different types of rooms you offer, the ambiance, food, amenities etc. With a blog page on your hotel website, you can start offering value to your former and potential guests, even before they start thinking about booking a room with you. They show people what to expect from the hotels.

Hotels 94

Hotels Branding OTA Sales 94

Cloudbeds

APRIL 8, 2024

It’s not just about filling rooms but creating and owning an experience that speaks to each guest. Think room upgrades, bike rentals, city tours, or wine tastings – all available during the reservation process. Integration with Google Analytics. Mastering the art of direct bookings is pivotal for a property’s success.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

Little Hotelier

JULY 31, 2023

Think of the Agoda Extranet as your hotel’s control room on Agoda. It’s the place where you can tweak your property details, set your room prices, keep tabs on availability, handle bookings, and chat with guests. Here, you can set your room rates, manage your room availability, and set minimum stay requirements.

Management 52

Management Revenue Cancellation Operations 52

Cloudbeds

MARCH 8, 2024

In this article, we explore the basics of hotel accounting, including the intricacies unique to the hospitality industry, types of financial statements, leading solutions, and best practices. Dynamic pricing Gone are the days of a ‘set it and forget’ mentality for hotel owners when establishing room rates.

Forecasting 52

Forecasting Revenue Hotels Revenue Management 52

Amadeus Hospitality

SEPTEMBER 12, 2023

Performance Analyst : Hoteliers can make more informed decisions with iHotelier Analytics built on Amadeus’ world-class business intelligence platform. 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.

Revenue 59

Revenue Upsell Hotels OTA 59

SiteMinder

OCTOBER 9, 2022

A revenue manager is responsible for pricing hotel inventory (rooms) to maximise profit. Selling hotel rooms has always presented a unique challenge: every day begins with a number of available rooms ready to sell that will perish. Once the night is over, if the room is not filled, the opportunity is lost.

Revenue Management 59

Revenue Management Revenue Management Occupancy 59

Hotelogix

JANUARY 31, 2024

It's not just about the amenities or the quality of the room; it's about the entire journey of your guests, from the moment they consider booking to the moment they leave your property and even beyond. Comfortable rooms, quality amenities, attentive service, and exceptional dining experiences contribute to a memorable stay.

Services 52

Services Hotels Hospitality Shopping 52

SiteMinder

SEPTEMBER 22, 2023

This includes payment options and policies, rooms and rates, photos and descriptions, guest reviews, and more. Moreover, it provides a record of past and upcoming reservations, options for setting up deals, and valuable analytics that highlight your property’s performance on the site. You can find more details here.

OTA 52

OTA Management Cancellation Hotels 52

Social Tables

OCTOBER 20, 2022

Follow these webinar best practices during the event to help ensure attendee engagement and event success: Enter the webinar room early. Log into the webinar platform ahead of time and enter the webinar room a few moments early. The webinar host should be the first person in the room and the last person out of the room.

Events 158

Events Market Marketing Marketing Strategy 158

STAAH

AUGUST 1, 2023

Monitor analytics : Monitor your social media analytics to track the success of your social media efforts. This can help fill rooms that might otherwise go unoccupied and increase revenue. This might include offering a specific room type, providing a welcome amenity, or catering to dietary restrictions.

Occupancy 85

Occupancy Hotel Sales Revenue Sales 85

Little Hotelier

JUNE 5, 2023

Different types of Airbnb fees hosts need to know Understanding the different types of fees Airbnb charges is essential in managing your small hotel’s revenue. There are four main types of fees that guests can be charged on Airbnb: 1. This will help you set a price that covers your costs and leaves room for profit.

Cancellation 52

Cancellation Revenue OTA Services 52

SiteMinder

AUGUST 4, 2022

All guests will find something they love with 11 room-types to choose from, dining rooms that celebrate local flavour, bars that cater for any taste, and an entire floor dedicated to wellness. SiteMinder has also improved their solutions by providing business analytic tools. There’s even a barber, gym, and infinity pool!

Hotels 52

Hotels Dining Management Business 52

eZee Absolute

JANUARY 9, 2024

It was a long tiring train journey, and all I could think of was checking into my cozy hotel room to unwind. It’s generally of three types- a payment terminal, a mobile card reader, and online payment solutions. Reporting and Analytics: Look for terminals that offer robust reporting and analytics capabilities.

Hotels 59

Hotels Operations Services Management 59

Little Hotelier

AUGUST 7, 2023

You can update your room availability, set prices, manage reservations, and more, all from one place. Managing Room Availability and Rates: The Extranet allows you to update your room availability in real-time and adjust your room rates based on demand, seasonality, or special promotions. What is the Trip.com Extranet?

Hotels 52

Hotels Travel Cancellation Management 52