STAAH

APRIL 16, 2024

In the ever-evolving hospitality industry, staying competitive demands more than just offering great accommodations and service. An RMS should provide detailed insights into key performance metrics such as Room Revenue Per Available Room (RevPAR), Average Daily Rate (ADR), occupancy rates, booking pace, and revenue forecasts.

Revenue Management 83

Revenue Management Revenue Management Forecasting 83

STAAH

JANUARY 6, 2025

Reaffirming the value of having a diversified hotel distribution strategy, the list once again features a range of both B2B and household consumer channels from OTAs to hotel websites, wholesalers and global distribution systems. In Malaysia , Agoda, Booking.com, Trip.com, Tiket and Traveloka get the top five spots.

OTA 85

OTA Global Distribution System B2B Accommodation 85

SiteMinder

DECEMBER 17, 2024

Amadeus GDS is one of the hospitality industrys leading global distribution systems. High-value guests and corporations will engage companies connected to the GDS to book not only accommodation but sometimes entire travel packages. What is Amadeus GDS? What is Amadeus GDS used for?

Global Distribution System 52

Global Distribution System Average Daily Rate Revenue Travel 52

SiteMinder

AUGUST 11, 2024

It’s hard to imagine revenue management before the advent of hotel software and systems. Thanks to these solutions, today’s revenue manager can produce forecasts, distribute inventory and adjust rates with speed – a stark contrast to the manual and long drawn-out processes that defined the practice in the past.

Revenue Management 84

Revenue Management Revenue Management Forecasting 84

Inn Quest

SEPTEMBER 5, 2023

Additionally, accurate inventory data enables better forecasting, allowing hotels to plan purchases and staffing more effectively. Invest in a Revenue Management System (RMS): RMS software uses data analysis and algorithms to optimize room pricing based on demand, occupancy, market conditions, and competitor rates.

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. This kind of data is invaluable for hoteliers who want to analyse performance, benchmark, forecast, and plan strategically to ensure business success. s accommodation industry employs about 1.6 million people.

Occupancy 59

Occupancy Hotels Revenue Average Length of Stay 59

Xotels

APRIL 3, 2024

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? The difference between Yield Management and Revenue Management is in the overall strategy, including in-depth analytics and forecasting. Need more tips on distribution?

Revenue Management 52

Revenue Management Revenue Management Forecasting 52