STAAH

FEBRUARY 6, 2024

The hotel overbooking strategy is a revenue management technique that hotels use to maximise occupancy and revenue. By deploying this strategy a hotel is insuring itself against possible cancellations by having secured guests who can fill cancelled bookings. 2) Use multiple data sources. 2) Use multiple data sources.

Overbooking 104

Overbooking Cancellation Upsell Revenue 104

Little Hotelier

APRIL 28, 2023

What is a hotel cancellation policy? Hotel cancellation policies offer hotel guests the opportunity to cancel their booking up until a certain amount of days before check-in. Once this date has passed, the hotel might charge the guest a set cancellation fee, a percentage of the booking, or the full amount.

Cancellation 52

Cancellation Hotels Events Revenue 52

SiteMinder

JULY 13, 2024

What is hotel revenue management? Hotel revenue management is the strategic distribution and pricing tactics used to sell perishable room inventory to the right guests at the right time in order to boost revenue growth. What is the primary purpose of revenue management? Revenue management is essential for any hotel today.

Revenue Management 98

Revenue Management Revenue Management OTA 98

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. Additional data shows that over 80% of travel bookings are abandoned, compared to the general average of around 70%.

Revenue 98

Revenue Cancellation Hotels Accommodation 98

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.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Inn Quest

MAY 11, 2023

However, one of the biggest challenges hoteliers face is determining the right pricing strategies to maximize their revenue in the post-pandemic world. The question is, how can hoteliers implement effective pricing strategies to boost their revenue and stay ahead of the competition?

Revenue 88

Revenue Occupancy Hotels Marketing 88

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 Cancellation 102

Cloudbeds

NOVEMBER 24, 2024

Include add-ons and upsells on your property’s website to increase revenue and allow guests to customize their stay with you. UPSELL PLAYBOOK Discover ways to increase revenue throughout the guest journey. Online payments Most travelers are comfortable making online payments, and for hotels, it’s a win-win.

Upsell 98

Upsell Services Operations Accommodation 98

STAAH

DECEMBER 12, 2023

Here are 8 smart pricing strategies for hotels to boost revenue and drive more bookings during the holiday season The holiday season marks a period of increased travel, festive cheer, and heightened demand in the hospitality industry. This strategy not only secures bookings but also helps in revenue forecasting and inventory management.

Target Marketing 104

Target Marketing Cancellation Revenue Forecasting 104

STAAH

JUNE 18, 2024

It’s about enhancing the guest experience and boosting your revenue. Allow guests to easily modify or cancel their bookings online. Clearly display cancellation policies, terms and conditions, and privacy policies to build trust and transparency. A robust booking engine is about more than just accepting reservations.

Cancellation 104

Cancellation OTA Overbooking Accommodation 104

Little Hotelier

MAY 21, 2023

Little Hotelier, the all-in-one hotel management software purpose-built to make the lives of small accommodation providers easier, has released its Italian Local Booking Insights report — four-year trend analysis of Italy’s small accommodation industry. Among Italian travellers, the demand for these accommodation types is higher still.

Accommodation 52

Accommodation Cancellation Revenue Travel 52

Cloudbeds

AUGUST 21, 2023

While for some hoteliers it’s best to avoid overbookings altogether, for others, a good strategy can increase revenue, improve the occupancy rate and mitigate losses. 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

Hotel Speak

MAY 30, 2024

Airbnb, the accommodation rental platform, also increased its marketing spend by 14.2% However, Airbnb’s marketing spend as a percentage of revenue (24%) has dipped slightly compared to the previous year. Expedia Group saw a steeper rise (14.2%) compared to Booking Holdings’ more moderate 6% increase year-over-year.

OTA 103

OTA Marketing Market Travel 103

SiteMinder

DECEMBER 1, 2024

Integrate your chosen hotel invoicing tool with SiteMinder Boasting 1350+ integrations, you can be confident that SiteMinder will seamlessly connect with the preferred systems or apps you use to manage revenue. The following generic accommodation invoice template could be used by any type of accommodation business.

Hotels 52

Hotels Revenue Accommodation Management 52

STAAH

JULY 12, 2023

Over a half of travellers who responded to a recent Expedia Group survey said they would not book non-refundable accommodation, even if it was discounted.* On Expedia Group sites, your property will show ‘Free Cancellation’ in traveller search results. We recommend a 100% refund for cancellations within a short. Read her story.

Cancellation 98

Cancellation General Manager Travel Marketing 98

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 98

Cancellation OTA Global Distribution System Revenue 98

Inn Quest

OCTOBER 17, 2023

They are a result of a delicate balance between maximizing revenue and providing guest satisfaction. While overbooking can lead to guest inconvenience and potential financial losses for the hotel, it is a revenue management strategy used to achieve high occupancy rates. Why Do Hotel Overbookings Happen?

Overbooking 88

Overbooking Cancellation Forecasting Occupancy 88

Hotel Speak

AUGUST 15, 2023

This partnership marks a significant leap toward redefining the way properties elevate their visibility and revenue streams. This enhancement gives properties an invaluable opportunity to amplify their visibility, bookings, and revenue growth. HotelRunner has thousands of accommodation and travel agency partners globally.

Accommodation 52

Accommodation Business Cancellation B2B 52

Hotel Speak

JUNE 4, 2024

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. I have been in hotel revenue management consulting since 2006, and it is a question that keeps coming back. As they both contribute to the total equation of revenue being generated in the hotel.

Revenue Management 61

Revenue Management Occupancy Revenue Average Daily Rate 61

eZee Absolute

SEPTEMBER 22, 2023

In this blog, we’ll break down the various hotel rate types, and how they can benefit your business and provide actionable strategies for you to maximize your revenue and occupancy. Non-Refundable Rates: Non-refundable rates are typically lower than standard rates but come with stricter cancellation policies. So, let’s dive in!

Revenue 52

Revenue Management Occupancy Revenue Management 52

Hotel Business

DECEMBER 1, 2023

This commitment is a result of joining forces with The Neu Project, an initiative from Google’s Experience Institute (Xi) that aims to share resources designed to better accommodate and create a more inclusive experience during meetings and events for neurodivergent attendees. 28 through Dec.

Events 111

Events Cancellation Accommodation Closing 111

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

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 109

OTA Online Sales Cancellation Services 109

STAAH

MAY 30, 2023

In today’s digital age, effective hotel distribution and pricing strategies are crucial for maximizing revenue and staying competitive. 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.

OTA 98

OTA Hotels Revenue Travel 98

Xotels

MAY 30, 2024

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. I have been in hotel revenue management consulting since 2006, and it is a question that keeps coming back. As they both contribute to the total equation of revenue being generated in the hotel.

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

SiteMinder

JUNE 11, 2024

We recently spoke to Alexandra Rolton , Strategic Sales & Key Account Manager , about the group’s operations and how it has been utilising SiteMinder’s platform to optimise operations and revenue strategies. “We We provide versatile accommodations which allow us to work with both long and short term guests,” she said.

Global Distribution System 98

Global Distribution System Revenue Hotels Cancellation 98

SiteMinder

SEPTEMBER 7, 2023

They can also be strategic revenue boosters that can significantly elevate your hotel’s profitability. While hotel fees can be powerful secondary revenue generators or a useful tool to mitigate additional operational costs, there is an art to applying them effectively.

Revenue 105

Revenue Hotels Services Cancellation 105

STAAH

NOVEMBER 15, 2022

Align your accommodation to meet the needs of everyone in the family – accessibility for seniors, creche or bunk beds for kids, etc. In related trends, booking windows are much shorter and cancellation policies continue to be very flexible across the industry. Offers for the whole family. Sustainability is not yet old news.

Hospitality 98

Hospitality OTA Travel Cancellation 98

STAAH

JUNE 11, 2024

Finding the right balance between OTAs and direct bookings is a crucial strategy for hotels and accommodation providers for success. On one side, you have OTAs (online travel agents) that are vital distribution partners to liquidate unsold inventory and put heads in beds.

OTA 109

OTA Shopping Occupancy Overbooking 109

Little Hotelier

AUGUST 29, 2023

Prioritising your investments correctly will ensure your budget spend is contributing towards increased revenue and occupancy rates. Unique B&B Signage Signage is your chance to advertise to passing guests who haven’t yet booked their accommodation for the night. Income: Forecasted and other expected revenue.

ROI 98

ROI Hotels Average Length of Stay Revenue 98

SiteMinder

NOVEMBER 6, 2023

Airbnb hosting fees are always represented as a percentage of the booking price : Host-only fee: Usually 14%-16% (excluding Airbnb fees and taxes), automatically deducted from the host payout, though the specific rate will depend on a variety of factors, such as location and accommodation type. The guest then pays a fee of approximately 14%.

Cancellation 59

Cancellation Services Hotels Accommodation 59

Hotel Business

JULY 9, 2024

Its secure cargo space can accommodate as many as 32 standard-sized, 12-ounce coffee cups, while its shelving can be adjusted according to item size or load size. BlockBuster enables hoteliers to streamline workflows between revenue, sales and catering teams to deliver a seamless quote for group business at the right rate.

Services 104

Services Hotels Revenue Business 104

Hotel Business

SEPTEMBER 9, 2024

For example, when a major airline experiences a system issue that results in widespread flight cancellations, hotels must quickly adapt to a flood of changed arrival times, extended stays, activity itinerary adjustments and even surges in new booking requests from stranded travelers.

Travel 52

Travel Cancellation Scale Accommodation 52

Hotelogix

OCTOBER 11, 2024

A no-show in the hotel industry occurs when a guest makes a reservation but fails to show up or cancel their booking in advance. The consequences can greatly impact the revenue streams, occupancy rates, and guest satisfaction. Offer Flexible Cancellations  Flexible cancellation policies can significantly reduce no-shows.

Cancellation 52

Cancellation Overbooking Occupancy Hotels 52

Little Hotelier

MARCH 25, 2024

Once your hotel has an idea of demand, you can make tweaks to your room and service prices that help maximise revenue and occupancy. Price and promote your property better with Little Hotelier Little Hotelier's Insights tool gives you more control, more support and more revenue. bad weather, surprise events or event cancellations).

Forecasting 52

Forecasting Cancellation Average Length of Stay Revenue 52

Hotel Speak

SEPTEMBER 26, 2024

In September 2024, I gathered over 20 hoteliers and inudstry experts to explore five pertinent issues 1) 2024 Performance, 2) Revenue Generation, 3) Staffing and Leadership, 4) Marketing and Demand and 5) Technology and Vendors. Although global hotel revenue per available room (RevPAR) stayed high during the first half of 2024 – 13.2%

Market 104

Market Marketing Hotels Forecasting 104

SiteMinder

MARCH 13, 2024

Often travellers will use apps via their mobile devices to research, book, and pay for hotel accommodation. Hotel booking apps are now a dominant source of bookings for accommodation providers, with travellers booking their trips online more often than not. Given the online travel industry generated revenue worth $667.55

Hotels 78

Hotels Accommodation Global Distribution System Travel 78