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

Cloudbeds

FEBRUARY 14, 2025

Competition for hotels grew, and prices started to fluctuate more as revenue management systems made pricing strategies more sophisticated. After that, the deciding factor was the level of accommodation, identified by star rating, while experienceswhat to do once arrived and the overall vibe of the hotelwere an afterthought.

Hotels 94

Hotels Revenue Management Occupancy OTA 94

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

Xotels

MAY 30, 2024

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. What drives more value to the business, ADR, average daily rate, or occupancy? I have been in hotel revenue management consulting since 2006, and it is a question that keeps coming back.

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

SiteMinder

OCTOBER 26, 2023

Dallas, USA – Brittain Resorts & Hotels (BRH), a leading full-service hospitality management company, has adopted SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, as part of its newly-announced business intelligence technology matrix. It can literally cost us millions.

Revenue Management 81

Revenue Management Revenue Resorts Management 81

SiteMinder

OCTOBER 9, 2022

Few roles in the hotel industry have evolved as quickly as the revenue manager.Powered by technological advances, the rapid sharing of knowledge and online training, the discipline is synonymous with smart pricing decisions and expectations are always high in the highly competitive accommodation market. What is a revenue manager?

Revenue Management 59

Revenue Management Revenue Management Occupancy 59

Hotelogix

NOVEMBER 19, 2023

As a hotelier, boosting the occupancy rate is critical to running a successful business. In a highly competitive industry, you must attract and retain guests to increase your property's occupancy rate and revenue. This article will explore various ways to improve hotel occupancy rates and the role of technology in it. 

Occupancy 59

Occupancy Maximum Length of Stay Minimum Length of Stay Revenue Management 59

Catala Consulting

MAY 17, 2024

Revenue management is a crucial aspect of the hospitality industry, focusing on maximizing income through strategic pricing, inventory control, and demand forecasting. These frontline employees are instrumental in shaping the guest experience, impacting occupancy rates, and ultimately driving revenue.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

eZee Absolute

FEBRUARY 12, 2025

With a data-driven approach and AI-powered tools like eZee Mint AI , you can still maximize occupancy, increase revenue per room , and turn last-minute demand into profits. Late Bookers Are Desperate Make It Work in Your Favor A week before the concert, most budget-friendly accommodations are already sold out.

Revenue 52

Revenue Cancellation Overbooking Revenue Management 52

Little Hotelier

MARCH 23, 2023

What is occupancy rate? Occupancy rate determines how full your hotel is at any given time. Your property’s occupancy rate is one of the most important indicators of success. What is the formula for occupancy rate? For example, if you have 20 rooms, but only 10 are occupied, your occupancy rate will be 50%.

Occupancy 52

Occupancy Average Daily Rate Revenue Management Revenue 52

Little Hotelier

FEBRUARY 25, 2024

What is revenue management consulting? Revenue management consulting is specialised expertise that a business can bring in to gain guidance on managing and optimising revenue. An investment in hotel revenue management services is therefore one that can quickly deliver an attributable return.

Revenue Management 52

Revenue Management Revenue Services Management 52

Xotels

APRIL 3, 2024

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenue management to more advanced practices and strategies.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

eHotelier

MAY 7, 2023

Australia’s accommodation industry conference Maximum Occupancy announced its first line-up of speakers.

Occupancy 52

Occupancy Accommodation Digital Marketing Revenue Management 52

Amadeus Hospitality

SEPTEMBER 27, 2023

Originally published to the Amadeus newsroom 2023 global hotel occupancy levels are trending 10% ahead of 2022 with Q4 on-the-books reservations up 11% over last year, according to Amadeus data September 27, 2023 – There is a sense of buoyancy in the global hospitality industry as we head into the fourth quarter of 2023.

Occupancy 112

Occupancy Hospitality Revenue Business 112

STAAH

OCTOBER 15, 2023

India’s Rudraksh Club & Resort improves bookings effectiveness and efficiency with the STAAH channel manager and hasn’t looked back since. Rudraksh Club & Resort is the first and only to offer private, spacious, and luxurious accommodation in the holy city of Ujjain [Madhya Pradesh].

Overbooking 104

Overbooking Occupancy Accommodation Resorts 104

SiteMinder

DECEMBER 10, 2024

Event-driven travel is undeniably booming, with its influence seen in hotel occupancy and room rates. trillion suggesting that events are set to become an even more important revenue source for the hospitality industry. So, the entire spectrum of revenue management that is happening [for events] has widened from just ticket sales.

Revenue Management 52

Revenue Management Events Revenue Management 52

Catala Consulting

NOVEMBER 18, 2023

The Evolution of Hotel Revenue Management In its early stages, hotel revenue management was a game of numbers – it was all about filling rooms and adjusting prices based on demand. As the industry evolved, so did the concept of revenue management. Revenue management software is a prime example.

Revenue Management 52

Revenue Management Revenue Management Hotels 52

Little Hotelier

JANUARY 19, 2025

Think of it as the “sticker price” for your accommodation, typically displayed on your website or communicated to guests who book directly. They simplify the often complex world of revenue management , giving you a reliable foundation to build upon as you grow your confidence in managing rates.

Rack Rate 52

Rack Rate OTA Revenue Hotels 52

STAAH

FEBRUARY 6, 2024

The hotel overbooking strategy is a revenue management technique that hotels use to maximise occupancy and revenue. 5) Collaborate with local properties to manage overbookings so guests turned away can be accommodated elsewhere. 6) Train your staff to manage overbookings.

Overbooking 104

Overbooking Cancellation Upsell Revenue 104

eZee Absolute

JANUARY 16, 2024

These blogs offer a wealth of knowledge on a variety of topics relevant to the modern hotelier, from revenue management and guest experience to marketing strategies and emerging trends. Being an accommodation provider, you will agree that managing a hotel is not an easy feat. What Are Some of The Important Hotel Reports?

Hospitality 102

Hospitality Marketing Strategy Occupancy Digital Marketing 102

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 40

Revenue Management Revenue Management Ancillary Revenue 40

SiteMinder

JULY 11, 2024

It is critical that we remain dynamic in the way we do business, and it’s been pleasing to have already seen higher occupancy and stronger bottom-line revenue results alongside SiteMinder, which we look forward to growing further across the summer and beyond.”

Revenue 105

Revenue Branding Forecasting Revenue Management 105

STAAH

JANUARY 28, 2024

The J7 Plaza Hotel offers accommodation with an outdoor swimming pool, free private parking, a restaurant and a bar. STAAH is efficient, flexible and user-friendly Based on the principles of dynamic pricing, STAAH’s features are aligned to the key tools a modern hotel revenue manager requires to maximise profitability.

Revenue 104

Revenue Revenue Management Hotels Services 104

STAAH

JUNE 4, 2024

It serves as a virtual storefront, enabling visitors to browse available accommodations, check prices, and complete bookings without third-party involvement. 4) Data Analytics for Insights: Leveraging analytics tools integrated with booking engine provides valuable insights into guest preferences, booking patterns, and revenue performance.

Revenue 109

Revenue Hotels Occupancy Management 109

Hotel Business

JANUARY 9, 2023

2022 has been a successful one for the hospitality industry, with hotel room occupancy surging near the record-high 2019 levels. The American Hotel & Lodging Association also estimates 2022 hotel room revenue of $188.4 billion, which surpasses 2019 revenue. By Shilpan Patel. But what lies ahead? segments combined.

Services 116

Services Revenue Occupancy Travel 116

Cloudbeds

OCTOBER 9, 2024

For hotel managers and the industry as a whole, accurate forecasting is not just beneficial—it’s essential for maintaining competitiveness and profitability in a dynamic market. This ongoing process of forecasting and adjustment allows hotels to optimize their revenue management strategies and adapt to changing market conditions.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

Hotel Speak

JANUARY 25, 2024

The data is another proof point that occupancy levels have more than stabilized, making for a meaningful rise in RevPAR for our customers,” said Matt Welle, Mews CEO. While parking spots and meeting rooms have played a huge role in this, 2024 will be the year that more hoteliers revolutionize revenue management.

Average Daily Rate 103

Average Daily Rate Revenue Travel Upsell 103

SiteMinder

DECEMBER 17, 2024

High-value guests and corporations will engage companies connected to the GDS to book not only accommodation but sometimes entire travel packages. The GDS is particularly useful for connecting with corporate travel programs and winning business transient bookings.

Global Distribution System 52

Global Distribution System Average Daily Rate Revenue Travel 52

Inn Quest

AUGUST 8, 2023

Offering competitive rates during off-peak seasons allows hotels to remain active in the market and attract guests even when other competitors might be struggling to maintain occupancy. Maximizing Revenue: Thereafter, an effective seasonal pricing strategy for hotels ensures revenue optimization.

Hotels 88

Hotels Occupancy Overbooking Revenue 88

SiteMinder

DECEMBER 1, 2024

The following generic accommodation invoice template could be used by any type of accommodation business. The resulting insights can help you to track your occupancy, refine your pricing strategies, forecast revenue and identify service gaps and opportunities. Here are the fundamentals.

Hotels 52

Hotels Revenue Accommodation Management 52

SiteMinder

APRIL 18, 2024

London, UK : The average lead time for accommodation bookings has increased 13% year-on-year to 83 days for the coming London Marathon weekend, shows data from SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels. year-on-year.

Average Daily Rate 59

Average Daily Rate Revenue Management Accommodation Revenue 59

Hotel Speak

SEPTEMBER 26, 2024

Although global hotel revenue per available room (RevPAR) stayed high during the first half of 2024 – 13.2% Certainly rates and occupancy grew very nicely in 2023, but we reached a plateau where we couldn’t really push rates any further,” Jon Siberry, Group Revenue Manager of Sarova Hotels explained.

Market 104

Market Marketing Hotels Forecasting 104

Inn Quest

SEPTEMBER 5, 2023

Effective hotel inventory management relies on technology solutions like Property Management System s (PMS), Channel Managers, and Revenue Management Systems (RMS) to automate tasks, analyze data and make informed decisions. Implementing an RMS helps maximize revenue by adjusting rates dynamically.

Management 87

Management Overbooking Revenue Hotels 87

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

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. This diversity ensures that your hotel remains an attractive option for various guest segments , ultimately leading to increased occupancy.

Revenue 52

Revenue Management Occupancy Revenue Management 52

SiteMinder

AUGUST 1, 2024

Key goals: State your main objectives, such as increasing occupancy rates, boosting revenue, or expanding your hotel chain. Pricing strategy: How you will set competitive room rates and consider implementing revenue management strategies to maximise occupancy and revenue.

Business 95

Business Revenue Hotels Occupancy 95

Cloudbeds

OCTOBER 17, 2024

By strategically analyzing revenue booked, occupancy rates, acquisition costs, and guest segments, hotels can build an advanced distribution strategy that delivers real value. These include: Occupancy rate – which channels contribute most to occupancy? RevPAR – which booking sites result in the highest RevPAR?

OTA 76

OTA Occupancy Hotels Revenue 76