SiteMinder

SEPTEMBER 6, 2023

While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. Last-minute hotel room bookings have a range of benefits including: Maximised occupancy : Filling rooms at the eleventh hour ensures that you’re making the most of your available inventory.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

Hotel Business

JANUARY 24, 2024

“The data is another proof point that occupancy levels have more than stabilized, making for a meaningful rise in RevPAR for our customers.” “The data is another proof point that occupancy levels have more than stabilized, making for a meaningful rise in RevPAR for our customers.”

Upsell 59

Upsell Occupancy Travel Revenue 59

Catala Consulting

MAY 17, 2024

These frontline employees are instrumental in shaping the guest experience, impacting occupancy rates, and ultimately driving revenue. Upselling and Cross-Selling Opportunities Effective Upselling Techniques Reception staff are in a prime position to upsell additional services and room upgrades.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

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

Little Hotelier

NOVEMBER 20, 2023

Little Hotelier Little Hotelier is an all-in-one solution helping small accommodation providers run their business more efficiently, effectively, and profitably. Send personalised messages, create target upsell offers, offer digital check-in, collect feedback and reviews, and more. Learn more 2.

Upsell 59

Upsell Hotels Occupancy Revenue 59

Little Hotelier

OCTOBER 30, 2024

Promote and upsell activities easily with Little Hotelier Little Hotelier’s direct booking engine lets you sidestep OTA commission fees while increasing the value of every reservation. By upselling guests with paid activities as part of your custom booking process. Learn more Why are guest activities important in hotels?

Upsell 59

Upsell Events Revenue Hotels 59

Cloudbeds

MARCH 23, 2023

In the hotel industry, eCommerce refers to the buying and selling of accommodation and related services over the internet. Consider adding a live chat widget to answer questions in real-time to guide them through the booking process and increase upselling opportunities. What is hotel eCommerce?

OTA 98

OTA Digital Marketing Marketing Market 98

Cloudbeds

DECEMBER 17, 2024

You can use this information to send booking confirmations, upsell opportunities, and in-stay messages. FREE PLAYBOOK Increase revenue with personalized upsells throughout the guest journey. Drive revenue with personalized upselling and promotions. text, email, WhatsApp), while staying compliant with privacy regulations.

Market 40

Market Marketing Upsell Revenue 40

SiteMinder

SEPTEMBER 6, 2023

Moreover, instant confirmation emails can serve as a platform for upselling additional services, further boosting revenue. Higher occupancy, increase in revenue An efficient online booking system optimises room occupancy by displaying real-time availability and encouraging last-minute bookings.

Hotels 98

Hotels Revenue Occupancy Services 98

STAAH

NOVEMBER 22, 2022

In a hotelier’s case or any accommodation provider, selling rooms is the main product to reach full occupancy. There are plenty of upselling tools available. All accommodation providers strive to provide a seamless, effective, and customer-friendly journey , but this cannot be done without the proper processes in place.

Hotel Marketing 86

Hotel Marketing Market Marketing Hotels 86

Inn Quest

MAY 11, 2023

By drawing in more visitors, raising occupancy rates and enhancing profitability, a thoughtful pricing strategy can help hotels maximize their revenue. Even if occupancy rates do not rise, this can help hotels raise their profit margins. A Rise in Profitability: Effective pricing strategies can also boost a hotel’s profitability.

Revenue 88

Revenue Occupancy Hotels Marketing 88

Q4Launch

FEBRUARY 3, 2022

Research Booking Pre-Arrival Arrival Occupancy Checkout / Departure Post-stay Research For us, this is called the “Dreaming” phase of the travel life cycle. This is also prime time for upselling potential guests from their original reservation. Bolded ones are the most typical.

Marketing Strategy 52

Marketing Strategy Upsell Occupancy Hotels 52

Cloudbeds

APRIL 9, 2024

Modern cloud-based platforms are designed with this flexibility in mind, accommodating a wide array of integrations with top-tier applications. Upselling tools. Employ strategic upselling solutions to maximize revenue through tailored guest offers and promotions. Smart door locks. Room controls.

Upsell 52

Upsell Revenue Management Operations Revenue 52

eZee Absolute

FEBRUARY 7, 2024

Upsell Other services: With the booking engine, you should be able to upsell your extra services along with accommodation, thus giving you a chance to increase your revenue. The hotel booking engine should be capable of handling payments, but should also allow you to choose how to offer deals based on payment methods.

Upsell 59

Upsell Hotels Overbooking Revenue 59

Cloudbeds

MARCH 15, 2023

A direct booking strategy is a powerful force in reducing customer acquisition costs , increasing occupancy, and improving profitability by building greater brand loyalty and giving you direct access to guests. These types of promotions are great for when you need to fill occupancy fast and should not be used all the time.

OTA 98

OTA Revenue Travel Hotels 98

Little Hotelier

OCTOBER 17, 2023

Connect additional channels If you find on some days or weeks your occupancy is lower than you’d like, and not enough revenue is coming in as a result, you may not be reaching a big enough audience. You can also upsell food and beverage offers or create them as part of a package.

Revenue 100

Revenue Hotels OTA Ancillary Revenue 100

Little Hotelier

FEBRUARY 25, 2024

Another common strategy utilised in hotel revenue management consulting is to identify other potential revenue streams, from value-adding services, to new target markets, to opportunities to upsell and cross-sell. Strategies include offering add-ons and extras during the booking process, or upselling a guest to a more premium room.

Revenue Management 52

Revenue Management Revenue Services Management 52

Hotel Speak

JULY 24, 2024

Effective hotel distribution strategies enable hotels to target the right audience, optimise occupancy rates, and enhance revenue management. Where hotels capture guest contact data they can offer a wide array of services before or upon arrival to offer upsell opportunities.

OTA 75

OTA Hotels Revenue Revenue Management 75

SiteMinder

OCTOBER 15, 2023

They can also be known as distribution channels and are crucial for ensuring your hotel maintains a healthy occupancy rate and revenue stream. 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.

Global Distribution System 59

Global Distribution System OTA Revenue Hotels 59

SiteMinder

NOVEMBER 18, 2024

On the other hand, travel agencies primarily sell travel products such as flights, accommodation, and package holidays to individual travellers. Supplier and vendor management : Coordinating with local suppliers for accommodations, catering, and services. They tailor their services to create unique, curated experiences.

Management 52

Management Events Services Occupancy 52

SiteMinder

FEBRUARY 14, 2024

Increased revenue opportunities Trends towards personalised travel experiences open avenues for upselling tailored services, from customised room settings to bespoke tour packages, directly impacting revenue. Three-in-four reported to SiteMinder that what they need from their accommodation provider has changed within the last year.

Tourism 59

Tourism Market Marketing Travel 59

Cloudbeds

SEPTEMBER 18, 2024

This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. By tracking real-time data from online reviews, accommodation operators can measure overall guest satisfaction and ratings by department. Revenue management KPIs. Food & beverage KPIs.

Operations 40

Operations Revenue Management Occupancy Revenue 40

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. Within a dynamic pricing strategy , prices should vary based on supply and demand to improve revenue and ensure maximum occupancy.

Revenue Management 98

Revenue Management Revenue Management OTA 98

Clock Software Hospitality

DECEMBER 8, 2020

Read more: Upselling as a Way of Improving Guest Loyalty Casting a wide net is one way to ensure full occupancy but it is hardly a profitable marketing approach in the long run. Tip: Six Tips on How to Increase Low Hotel Occupancy in the Off-Season Of course, this doesn’t need to be the case in order for you to make an offer.

Cancellation 52

Cancellation Hotels Services Occupancy 52

Amadeus Hospitality

SEPTEMBER 6, 2023

Originally pubilshed on PhocusWire Positive momentum continues for the travel industry as global hotel occupancies rapidly return to 2019 levels, with many key destinations having already surpassed pre-pandemic performance this year, according to Amadeus’ Demand360 ® data.

Average Daily Rate 52

Average Daily Rate Global Distribution System Hotels Revenue 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

Little Hotelier

MAY 31, 2023

Read on for the full guide to hotel bidding sites and how they can work for your small accommodation business. Increase occupancy rates, attract more customers A full room is almost always better than an empty room, and by allowing guests to name a price that they’re comfortable with, you’ll attract more. There are a few good reasons.

Hotels 52

Hotels Revenue ROI Upsell 52

Social Tables

DECEMBER 27, 2018

The demand for meetings, which includes accommodation, is going to be significantly challenged by a lack of inventory. Many venues that accommodate weddings and social events have large, minimalist spaces with easily accessible bars — the perfect recipe for a networking event. Screen time per day has more than doubled since 2008.

Events 167

Events Business Scale Consumer 167

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

Xotels

APRIL 3, 2024

Overbooking: although overbookings are often seen as a scary proposition, it’s an important strategy to maximise occupancy and achieve those elusive perfect fills. Ancillary revenue refers to income derived from goods or services offered beyond the core accommodations offering.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Little Hotelier

JULY 18, 2024

7.25%) and some form of bed tax, occupancy tax, lodging tax or hotel sales tax (0%–20%). Spain VAT: A reduced VAT rate of 10% also applies to hotel rooms in Spain, although the standard rate of 21% will apply to certain types of short-term accommodation. US VAT: In the US there is no federal sales tax.

Sales 52

Sales Hotels Services Management 52

Xotels

APRIL 3, 2024

Advance Sales: The hotel product, represented by rooms, can be sold in advance, enabling revenue managers to strategically plan and optimize occupancy levels over time. Market Segmentation: The hotel market is intricately segmented, accommodating diverse customer groups, including groups and promotional segments.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Cloudbeds

JULY 15, 2023

This leads to higher occupancy, especially in times of low demand when it’s needed the most. With pooled inventory, advanced rates with discounts or non-refundable rates, and upsell integrations, hotels optimize revenue management with smart pricing strategies.

Management 76

Management OTA Cancellation Overbooking 76

Cloudbeds

FEBRUARY 15, 2023

When people plan a trip online, accommodation operators have opportunities to connect with them at various touch points on the traveler’s purchase journey. For example, GAC is typically higher in low seasons when room rates and occupancy are lower, and lodging properties spend more on marketing campaigns.

OTA 52

OTA Cost Per Click Revenue Marketing 52

Clock Software Hospitality

FEBRUARY 2, 2021

Read more: How to Maximize Hotel Revenue During an Occupancy Drought Creating a sustainable hygiene model can help resolve both of these issues. Guests are also less likely to loiter in public areas not accommodated for social interaction. This further guarantees a better quality of the disinfection process.

Hospitality 52

Hospitality Services Upsell Business 52

eZee Absolute

AUGUST 31, 2022

Offering discounts and packages quickly draw travelers into your hotel, intrigues them to make a reservation, and help you boost occupancy. Pricing is a supremely sensitive aspect of an accommodation business. They not just boost your occupancy during the festival but also enable you to earn extra by upselling.

Hotels 52

Hotels Events Marketing Market 52

Cloudbeds

MARCH 30, 2023

Cloudbeds’ 2023 State of Independent Lodging Report found that today’s traveler is less interested in traditional accommodations, placing a greater emphasis on value-driven experiences. Offer an integrated marketplace to pre-book Ancillary services or upsells represent a valuable opportunity to drive guest satisfaction and loyalty.

Hotels 52

Hotels Travel Operations Services 52