Hotel Business

FEBRUARY 22, 2023

SiteMinder’s new Hotel Booking Trends report, a hotel commerce data analysis of more than 36,000 hotels and 450+ connected booking integrations, has revealed travelers booked their trips on average eight days earlier, and canceled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.

Travel 102

Travel Average Length of Stay Average Daily Rate Global Distribution System 102

Inn Quest

JUNE 6, 2023

When it comes to the future of online travel agencies (OTAs) and their role in the hospitality industry, there are a few key trends and factors to consider. In this post, let us focus on the reasons that will point toward the predictions and trends that have impacted OTAs.

OTA 52

OTA Hospitality Cancellation Consumer 52

STAAH

JUNE 18, 2024

The more intuitive and easier your booking process is, the easier it will be for hotels to compete with online travel agents (OTAs) for direct bookings. Ability to offer guests offers, demand-led rates ( dynamic pricing ) and comparing rates with OTAs. Allow guests to easily modify or cancel their bookings online.

Cancellation 96

Cancellation OTA Overbooking Accommodation 96

Cloudbeds

AUGUST 21, 2023

Additionally, you may distribute your hotel rooms across multiple third-party channels such as OTAs , GDS providers , or meta-search providers. An overbooking strategy is when a property purposefully books its inventory beyond capacity in anticipation that a certain amount of guests will cancel or not show up.

Overbooking 98

Overbooking Cancellation Occupancy OTA 98

STAAH

MARCH 3, 2024

The vibrant city hotel’s revenue strategy, driven by STAAH’s OTA connections, resulted in a remarkable 300% year-on-year increase in direct bookings since the transition. Its unique blend of comfort accommodation and a stimulating atmosphere makes it a preferred choice for both business and leisure guests.

OTA 97

OTA Online Sales Cancellation Services 97

STAAH

MAY 30, 2023

With the rise of online travel sales and the influence of e-commerce and review sites, accommodation providers must adapt to the evolving distribution landscape. 8) Online Travel Agents (OTAs): Working with multiple online travel agents (OTAs) is crucial for increasing digital distribution and overall occupancy.

OTA 94

OTA Hotels Revenue Travel 94

STAAH

JUNE 6, 2023

A hotel booking engine is a crucial tool for hotels and accommodation providers in today’s time. 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.

Cancellation 85

Cancellation OTA Global Distribution System Revenue 85

SiteMinder

MAY 25, 2023

The bottom line is that hotels can lose millions of dollars in revenue due to abandonment, especially when you also consider that guests may book a room before delaying payment, and then cancelling altogether. Because booking a trip is such a complex multi-step process, it can take a lot of time to complete. 5 tips from The Hotels Network 6.

Revenue 98

Revenue Cancellation Hotels Accommodation 98

STAAH

NOVEMBER 15, 2022

In fact, OTAs such as Expedia have updated their algorithms to give preference to properties that have been called out by guests for their fantastic guest experience. Align your accommodation to meet the needs of everyone in the family – accessibility for seniors, creche or bunk beds for kids, etc. Focus on customer experience.

Hospitality 95

Hospitality OTA Travel Cancellation 95

SiteMinder

NOVEMBER 6, 2023

The platform works in a similar way to OTAs like Booking.com and Expedia , making money by charging an Airbnb commission on the reservations it facilitates. Stop paying OTA fees, start earning more Airbnb and other booking channels charge commission fees of 15%-25% which seriously eat into your bottom line. What are Airbnb fees?

Cancellation 59

Cancellation Services Hotels OTA 59

SiteMinder

FEBRUARY 28, 2023

China’s largest OTA, Trip.com, discovered the most popular destinations so far are Singapore, South Korea, Hong Kong, Japan and Thailand. Of the 10 markets surveyed, Chinese travellers are the most heavily concentrated in these two accommodation types. Additionally, 47% plan to book with an OTA and 24% direct with their accommodation.

Tourism 105

Tourism Travel Accommodation OTA 105

eZee Absolute

SEPTEMBER 20, 2022

Back in the past, accommodation businesses wouldn’t bother to dig deeper and gain insights into their potential guests’ preferences. She is also comparing options for transportation, accommodation, activities, etc. Emily is open to ideas and you as a hotelier must grab this opportunity to present your accommodation to her.

OTA 96

OTA Hotels Travel Accommodation 96

SiteMinder

JUNE 11, 2024

We provide versatile accommodations which allow us to work with both long and short term guests,” she said. It expands market reach by connecting with various online travel agencies (OTAs), global distribution systems (GDS), and direct booking channels, increasing visibility and bookings.” “The

Global Distribution System 98

Global Distribution System Revenue Hotels Cancellation 98

Cloudbeds

NOVEMBER 24, 2024

To keep travelers on your site and away from OTAs, hotels must seamlessly integrate their booking engin e to facilitate online bookings. Through a unified inbox, you and your hotel staff can quickly address questions from across different platforms, such as SMS, WhatsApp, and even OTAs like Airbnb.

Upsell 98

Upsell Services Operations Accommodation 98

SiteMinder

MAY 16, 2023

Table of contents Introduction from SiteMinder: The bleisure market and hotel booking trends Following the pandemic, the bleisure market changed from a growing niche to a mainstream source of bookings for accommodation providers. The good news is that they don’t discriminate when it comes to choosing their accommodation.

Average Length of Stay 105

Average Length of Stay Occupancy Average Daily Rate Revenue 105

SiteMinder

FEBRUARY 13, 2023

SiteMinder’s new Hotel Booking Trends report, the only hotel commerce data analysis of more than 35,000 hotels and 450+ connected booking integrations, has revealed travellers booked their trips on average eight days earlier, and cancelled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.

Average Length of Stay 52

Average Length of Stay Travel Average Daily Rate Cancellation 52

Cloudbeds

JULY 15, 2023

These sites may vary to include online travel agencies (OTAs) such as Booking.com , Expedia, Tripadvisor, or Agoda; travel metasearch engines such as Google, Kayak, and Trivago; GDSs such as Amadeus and Sabre; bed banks such as Hotelbeds, or online marketplaces such as Airbnb, Vrbo (former HomeAway), etc. The same happens with a cancellation.

Management 76

Management OTA Cancellation Overbooking 76

Cloudbeds

OCTOBER 17, 2024

A basic strategy might involve listing your property on a few key online travel agencies (OTAs) like Airbnb and Booking.com and leaving it at that. A specific OTA may help increase occupancy , but it might not actually be profitable for your hotel. Instead of trying to outbid large OTAs, focus on finding the right balance.

OTA 76

OTA Occupancy Hotels Revenue 76

eZee Absolute

JANUARY 13, 2023

That is what travelers do while booking their accommodations. They surf through the internet, various hotel websites, and OTA platforms to find a perfect stay at an affordable price. Handle cancellations like a pro. Handle cancellations like a pro. Cancellations are the silliest way to lose your bookings.

Cancellation 98

Cancellation Hotels Management Business 98

Little Hotelier

NOVEMBER 22, 2023

Hostelworld is the leading online travel agent (OTA) in the budget travel space. Hostelworld is the biggest hostel-focused OTA. It offers budget accommodation in almost 2500 cities across the globe, and facilitates millions of bookings every year. What is Hostelworld? Learn more Why should small hotels use the Hostelworld inbox?

OTA 52

OTA Accommodation Cancellation Travel 52

Little Hotelier

MAY 12, 2024

Mamori House at Koh Larn is a private Japanese-style accommodation with only five rooms available. But I came across Little Hotelier while searching online and saw many small accommodations in Thailand were using the solution.” It’s very easy to understand and you can always see when customers make reservations or cancel them.

Overbooking 52

Overbooking Cancellation Accommodation Intent 52

Cloudbeds

NOVEMBER 8, 2023

Hotels accommodate various payment methods , including credit cards, debit cards, cash, digital wallets, and more, something Marcus says “is a flexibility not as common in other industries.” Cancellations and refunds. Here, we break down the components that make hotel payments unique. Multiple payment methods. Online travel agencies.

Management 98

Management Cancellation Operations Hotels 98

SiteMinder

JULY 13, 2024

This then allows you to make informed decisions on what accommodation to promote to the right client, at the right time, with appropriate pricing through the most suitable distribution channel. That said, one has to ask: why are so many hotels’ margins still being eroded away by OTAs ? Some OTAs still use cached pricing.

Revenue Management 98

Revenue Management Revenue Management OTA 98

Cloudbeds

JULY 27, 2023

Unlike Google’s Free Booking Links, this feature is only available to hoteliers; OTAs and resellers can not participate. If you’re listed on OTAs, you’re probably already listed on metasearch channels too. It’s worth noticing that you pay the rate per click, regardless of whether the booking is later canceled.

Cost Per Click 52

Cost Per Click OTA Digital Marketing Accommodation 52

Little Hotelier

AUGUST 29, 2023

Unique B&B Signage Signage is your chance to advertise to passing guests who haven’t yet booked their accommodation for the night. With their scale and global reach OTAs provide hotels with a cost-effective way to increase bookings on a pay-per-performance basis.

ROI 98

ROI Hotels Average Length of Stay Revenue 98

Little Hotelier

APRIL 28, 2023

The best booking calendars grant a hotel the ability to manage their reservations from a single screen: you can view past reservations, modify existing reservations, cancel future reservations and more. Avoid using other calendars Don’t be tempted to work within the calendars offered by different OTAs.

OTA 52

OTA Cancellation Hotels Accommodation 52

Little Hotelier

JUNE 29, 2023

Travellers can find your hotel by searching for accommodations in your area, compare prices, read reviews, and ultimately make a reservation. Once they hit “search”, Expedia spits out a long list of available listings, along with details about pricing, ratings, amenities, cancellation policies, and so on. What is Expedia booking?

Cancellation 52

Cancellation Hotels OTA Travel 52

Little Hotelier

JUNE 27, 2024

Booking.com, the world’s largest online travel agency (OTA), forms a primary booking channel for a vast number of hotels and accommodation providers. Some accommodation providers will appreciate the control of taking payments directly from guests. What are Booking.com payment options?

Cancellation 52

Cancellation OTA Accommodation Services 52

SiteMinder

OCTOBER 15, 2023

Travellers are now predominantly booking their accommodation online, making it more crucial for hotels to focus on capturing bookings via their own website, OTAs, metasearch, and other online channels. Online booking channels are important for hotels because they greatly increase your reach and visibility to potential guests.

Global Distribution System 59

Global Distribution System OTA Revenue Hotels 59

Cloudbeds

MAY 15, 2024

With rate parity in the hotel industry, if you sell a room on Booking.com for $100 per night, you will have to set the same rate on all other booking platforms, whether it’s other online travel agencies (OTAs) , metasearch engines, brick-and-mortar travel agents or your own website.

OTA 52

OTA Hotels Revenue Management Revenue 52

Little Hotelier

FEBRUARY 5, 2024

This feature enables guests to make bookings through the hotel’s website, increasing direct bookings and reducing reliance on third-party booking platforms and avoiding OTA fees. One popular feature includes tracking how rooms are sold across major OTAs and how rates stack up against competitors. Cancel anytime.

Management 59

Management Overbooking OTA Accommodation 59

SiteMinder

NOVEMBER 15, 2022

Some hoteliers love using this strategy to boost their revenue and protect their property from losing out due to last-minute cancellations. Many hotels do this deliberately to offset last-minute cancellations or no-shows and avoid losing revenue and occupancy. Check your data to see how many cancellations and no-shows you can expect.

Overbooking 52

Overbooking Cancellation Occupancy Closing 52

Little Hotelier

FEBRUARY 5, 2024

As the name suggests, hotel reputation management software, also called hotel online review software or hotel review management software, is technology designed to help hotels and other accommodation providers to manage their online reputations. Cancel anytime. Hotels are businesses that rely on reputations more than most.

Management 59

Management OTA Hotels Accommodation 59

SiteMinder

SEPTEMBER 6, 2023

Reduced cancellation risks : The closer the booking is to the stay date, the less likely it is to be cancelled. The report states that almost 45% of travellers used a mobile app to book their accommodation and tours, while nearly 85% of travellers booked activities using their mobile device.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

SiteMinder

SEPTEMBER 7, 2023

Reservation cancellation fees These are charged when guests cancel their bookings, especially if done at the last minute. But for hotels and accommodation providers across the globe, they are becoming an increasingly vital revenue stream.

Revenue 105

Revenue Hotels Services Cancellation 105

Travelboom Marketing

MAY 3, 2024

This section displays listings powered by Google Hotel Ads, allowing potential guests to compare prices, view photos, and book their accommodation seamlessly. This is where having lower rates than the OTAs, or at least staying within parity of OTA rates, is crucial for hotels for better ad visibility. based on performance.

OTA 52

OTA Hotels Branding Real Estate 52

Inn Quest

MAY 11, 2023

With the rise of alternative accommodations and online travel agencies, hotels need to adopt new strategies to attract customers and increase revenue. This strategy works especially well for lodging facilities that encounter seasonal fluctuations in demand or a high rate of cancellations.

Revenue 88

Revenue Occupancy Hotels Marketing 88