SiteMinder

JANUARY 30, 2023

He also added that SiteMinder’s features allowed for improved yield management , which resulted in an increase of average daily rate (ADR) for the property.

Overbooking 98

Overbooking Average Daily Rate Global Distribution System Hotels 98

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 OTA Hotels 98

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.

Hotels 52

Hotels Occupancy Yield Management Management 52

SiteMinder

MAY 14, 2023

The management team saw this as a challenge. Ms Atchara stated that during the pandemic, “we were able to increase RevPAR by more than 30% by executing yield management on the platform swiftly and accurately.”

Hotels 97

Hotels Occupancy Resorts OTA 97

Catala Consulting

JULY 30, 2023

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.

Revenue Management 52

Revenue Management Resorts Revenue Management 52

Hotel Business

JULY 12, 2023

Breaking old habits with new ones Revenue management technology has been around for more than 40 years, but that’s a drop in the bucket for the broader history of travel and hospitality. For as long as rooms have been rented, hoteliers set a single rate for an undefined period and let the bookings roll in.

Revenue Management 52

Revenue Management Hotels Revenue Services 52

Inn Quest

JUNE 8, 2023

To learn about the benefits of yield management in the hotel industry, read this. 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.

Hospitality 78

Hospitality Hotels Upsell Occupancy 78

SiteMinder

OCTOBER 9, 2022

The art is to maximise revenue with rate premiums when there is an abundance of demand and also set competitive and sustainable rates in the low season when market demand is more fiercely contested: in short, yield management. Revenue managers continuously solve an ever-changing puzzle, where occupancy and ADR are two key pieces.

Revenue Management 59

Revenue Management Hotels Revenue Management 59

Cloudbeds

JULY 15, 2023

And even then, manually-managed distribution is risky: any delays in updating rates and availability on a channel’s extranet could mean selling a room that isn’t available or selling at a lower rate, which can lead to overbooking and sub-optimal yield management.

OTA 76

OTA Management Hotels Overbooking 76

Xotels

AUGUST 9, 2021

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. Google is taking the hotel industry by storm to gain market share and grow their advertising revenues. From Hotel Finder to GHA.

Hotels 52

Hotels OTA Travel Revenue 52