SiteMinder

AUGUST 11, 2024

We need to incorporate bookings from metasearch engines, OTAs (online travel agencies), GDSs (global distribution systems), destination data, events intelligence and even data from car rentals and the TSA (Transport Security Administration).”

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Hotelogix

OCTOBER 18, 2023

In this comprehensive guide, we delve into what a hotel reservation system entails and highlight its pivotal role in modern hotel businesses' success. Channel Management: Integrates with online travel agencies OTAs, global distribution systems GDS, and other distribution channels to manage bookings from multiple sources.

Business 40

Business Global Distribution System Cancellation Hotels 40

Inn Quest

SEPTEMBER 5, 2023

Meeting and Event Spaces: Many hotels have conference rooms, banquet halls and event spaces. Use a Channel Manager: A channel manager ensures that your room availability and rates are consistent across various online booking channels, including your website, OTAs (Online Travel Agencies), and GDS (Global Distribution Systems).

Management 87

Management Overbooking Revenue Hotels 87

SiteMinder

DECEMBER 4, 2023

Hotel industry statistics refer to data and metrics relating to hotels and other accommodations in the industry. s accommodation industry employs about 1.6 What are hotel industry statistics? Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more.

Occupancy 59

Occupancy Hotels Revenue Average Length of Stay 59

SiteMinder

AUGUST 1, 2024

online advertising, social media, email marketing, partnerships, events) Marketing messages: What key messages will you communicate to your target audience? Offline marketing: How you will explore traditional marketing channels, such as brochures, partnerships with local businesses, and events.

Business 52

Business Revenue Hotels Occupancy 52

SiteMinder

JANUARY 8, 2024

With customers expecting some sort of dining service from hotel accommodations, it has become almost a standard practice to provide. Accommodation and Lodging The accommodation sector encompasses a broad range of lodging options from hostels and caravan sites to luxurious resorts and boutique hotels.

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

With customers expecting some sort of dining service from hotel accommodations, it has become almost a standard practice to provide. Accommodation and Lodging The accommodation sector encompasses a broad range of lodging options from hostels and caravan sites to luxurious resorts and boutique hotels.

Operations 52

Operations Management OTA Hotels 52

SiteMinder

DECEMBER 20, 2023

The term ‘hotel’ can refer to a specific type of accommodation – a large building filled with small, serviced rooms that are used for short-term stays – or it can be more broadly applied to refer to almost all types of accommodation, from bed and breakfasts, unserviced apartments, glamping and more.

Business 59

Business Hotels Management Revenue 59

Cloudbeds

JULY 15, 2023

Optimal distribution Since each OTA has its own cost and commission structure, a profitable distribution strategy requires careful consideration of which sales channels to use, how much inventory to allocate to each, and how to adapt that channel mix to achieve your objectives. What’s allotment ? What’s a closeout? What’s iCal?

Management 76

Management OTA Cancellation Overbooking 76

Xotels

APRIL 3, 2024

Market Segmentation: The hotel market is intricately segmented, accommodating diverse customer groups, including groups and promotional segments. Revenue management strategies typically include decisions based on historical booking data, competitor pricing, seasonal trends, local events, and customer behaviour.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52