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

eZee Absolute

JANUARY 27, 2025

Be it luxurious accommodations, exclusive dining, or wellness experiences, Songkran visitors crave it all. ” Offer irresistible packages that blend accommodation with local experiencesthink water fights, Thai New Year rituals, and cultural excursions. During Songkran, travelers dont just stay longer; they spend more.

Upsell 52

Upsell Hotels OTA Revenue Management 52

STAAH

FEBRUARY 6, 2024

The hotel overbooking strategy is a revenue management technique that hotels use to maximise occupancy and revenue. 3) Pre-arrival upselling can beef up your overbooking strategy and make it more profitable. 5) Collaborate with local properties to manage overbookings so guests turned away can be accommodated elsewhere.

Overbooking 104

Overbooking Cancellation Upsell Revenue 104

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

Hotel Speak

JANUARY 25, 2024

While parking spots and meeting rooms have played a huge role in this, 2024 will be the year that more hoteliers revolutionize revenue management. of guests added an upgrade to their reservation while checking in, with an average upsell value of $48. A quarter of guests continue to check-in online, and 2.2%

Average Daily Rate 103

Average Daily Rate Revenue Travel Upsell 103

STAAH

DECEMBER 12, 2023

During peak holiday periods, consider adopting a revenue management system that factors in various parameters such as historical booking data, competitor pricing, local events, and even weather forecasts. Create attractive holiday-themed packages that include accommodation, festive meals, entertainment options, or exclusive amenities.

Target Marketing 104

Target Marketing Cancellation Revenue Forecasting 104

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. Upselling & cross-selling is a great ways to drive up incremental revenue is also on the rise by smart hoteliers. Offers for the whole family. Sustainability is not yet old news.

Hospitality 98

Hospitality OTA Travel Cancellation 98

SiteMinder

NOVEMBER 18, 2024

However, one of the most efficient ways to do it is by using technology to support the operations and revenue management of your hotel. For example, a hotel platform like SiteMinder will help you find more guests, boost revenue, optimise pricing, enhance the guest experience, improve cash flow, analyse performance, and more.

ROI 96

ROI Revenue Management Revenue Hotels 96

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 101

OTA Hotels Revenue Marketing 101

Hotel Speak

JUNE 6, 2024

SHR comprises a dynamic Central Reservation System (CRS), Internet Booking Engine (IBE), CRM (Customer Relationship Manager), Revenue Management System (RMS), and digital marketing and loyalty program tools.

Revenue 104

Revenue Hotels Operations Casinos 104

STAAH

OCTOBER 24, 2023

This not only boosts your profits but also allows you to establish a direct relationship with your guests, making upselling and future marketing more effective. User-Friendly Reservation Management: Managing bookings should be a breeze. Customize it to reflect your brand and website seamlessly.

OTA 104

OTA Revenue Upsell Marketing 104

eZee Absolute

NOVEMBER 18, 2022

Meaning, accommodation providers need to constantly upgrade themselves to cater to the needs and wants of people. Revenue management. Hotel management system. You can simply integrate WhatsApp into your hotel’s property management system and connect with guests the right way. . Revenue management.

Revenue Management 75

Revenue Management Revenue Hotels Sales 75

Cloudbeds

APRIL 9, 2024

Moreover, the flexibility to enhance property performance with specialized add-ons allows for tailored optimization in key areas, including operations, revenue management, guest experience, and digital marketing. Upselling tools. FLYR (Pace) for revenue management to help implement dynamic revenue management strategies.

Upsell 52

Upsell Revenue Management Operations Revenue 52

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. The second P in the formula is the price which is the only revenue-generating element of the mix. PRODUCT – Hotel and the rooms. Find out more here. Conclusion.

Hotel Marketing 98

Hotel Marketing Market Marketing Hotels 98

Hotel Business

JANUARY 24, 2024

While parking spots and meeting rooms have played a huge role in this, 2024 will be the year that more hoteliers revolutionize revenue management. of guests added an upgrade to their reservation while checking in, with an average upsell value of $48. ” For the U.S. A quarter of guests continue to check-in online, and 2.2%

Upsell 59

Upsell Occupancy Travel Revenue 59

SiteMinder

SEPTEMBER 12, 2024

As more technology becomes available and more guests show a preference for it, even more accommodation providers will begin to jump on board. Overall, the majority of society is embracing technological advancements, including during their travel and in their accommodation. billion within the decade.

Hotels 98

Hotels Services Accommodation Operations 98

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

SiteMinder

NOVEMBER 5, 2024

London, UK – SiteMinder, the world’s leading hotel distribution and revenue platform, unveiled the winners of the 2024 SiteMinder Partner Awards during a ceremony at WTM London, recognising businesses across five continents that have successfully simplified an increasingly-complex landscape for hoteliers.

Revenue 52

Revenue Revenue Management Digital Marketing Hotels 52

SiteMinder

JULY 29, 2024

Hotel profit margin is defined by the percentage of a hotel’s revenue remaining after subtracting all business expenses, including staff costs, maintenance, and marketing. With the revenue of the hotel market projected to have reached US$426.40bn by this year worldwide, it’s important to know how you can maximise your share.

Ancillary Revenue 52

Ancillary Revenue Revenue Revenue Management Hotels 52

Little Hotelier

OCTOBER 17, 2023

Learn more Strategies to increase hotel revenue There are a lot of strategies that can be used to increase hotel revenue – but it’s important to be focused and committed to the plans you make. You can also upsell food and beverage offers or create them as part of a package.

Revenue 100

Revenue Hotels OTA Ancillary Revenue 100

Cloudbeds

OCTOBER 17, 2024

When integrated with the hotel’s booking engine, these chatbots effectively become virtual sales representatives that provide real-time information on room availability, rates, and upsells and even allow visitors to complete their booking directly through the chat window.

OTA 76

OTA Occupancy Hotels Revenue 76

Little Hotelier

DECEMBER 13, 2023

Using simple rental property management software will help you save time, automate annoying admin tasks, enhance guest experience, and boost revenue for your business. This helps you reduce third-party commission fees from the likes of Booking.com, increase revenue via upsells, and enhance guest communication.

Management 52

Management Revenue Revenue Management Upsell 52

Hotel Business

SEPTEMBER 17, 2024

When creating filters for guests, such as guestroom location or the availability of a tub, it’s important not to make a situation where all room searches return as “unavailable” due to a guest requesting “nice-to-have” amenities that eliminate available accommodations due to missing fringe attributes.

Revenue 52

Revenue Revenue Management Consumer Travel 52

Cloudbeds

DECEMBER 17, 2024

8 key components of guest profiles Guest profiles must be easily accessible and provide all of the necessary information to support your front desk, marketing, guest experience, and revenue management teams. You can use this information to send booking confirmations, upsell opportunities, and in-stay messages.

Market 40

Market Marketing Upsell Revenue 40

Cloudbeds

MARCH 15, 2023

Benefits: A one-on-one relationship with guests that improves the user experience More opportunities for upsells before arrival No commissions paid to third-party OTAs or other marketplaces means more revenue and profits Loyalty bookings can lower overall costs by increasing the lifetime value of each guest.

OTA 98

OTA Revenue Sales Hotels 98

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.

Operations 40

Operations Revenue Management Occupancy Revenue 40

Inn Quest

MAY 11, 2023

With the rise of alternative accommodations and online travel agencies, hotels need to adopt new strategies to attract customers and increase revenue. Additionally, upselling additional services or goods through bundling enables hotels to increase revenue.

Revenue 88

Revenue Occupancy Hotels Marketing 88

Cloudbeds

JUNE 8, 2023

Added personalization can bring incremental revenue to hotels, no matter the property’s size. Choose an engine with localization support to attract and accommodate international visitors. Revenue management Your hotel rates shouldn’t be “set it and forget it.” Accept secure payments. Pre-arrival.

Management 98

Management Hotels Revenue Digital Marketing 98

SiteMinder

NOVEMBER 20, 2023

Eviivo’s suite also includes tools like a property manager, website manager, promo manager, an Eviivo app, Eviivo’s payments tool, and more. One of the unique aspects of Eviivo is its emphasis on independent properties, catering to a wide range of accommodations from B&Bs to student lodgings.

OTA 59

OTA Revenue Management Overbooking 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. How hotel bidding sites fit into your overall revenue management strategy Hotel bidding sites can be viewed as an effective filler or top-up tool for your reservation calendar. There are a few good reasons.

Hotels 52

Hotels Revenue ROI Upsell 52

Hotelogix

SEPTEMBER 22, 2024

Inability to handle various outlets Apart from the accommodation, resorts handle multiple outlets like spa, restaurants, clubs and it often becomes tedious for the staff to note the orders or activities. Housekeeping Management : It helps track and assign housekeeping tasks, ensuring that rooms are cleaned and ready for guests on time.

Resorts 52

Resorts Management Operations Revenue 52

Cloudbeds

JULY 15, 2023

For growing hospitality businesses, a channel manager is a fundamental part of successful revenue management and distribution strategy. In this guide for hospitality professionals, you’ll learn all about Channel Managers, from how they work to what makes great software for your business specifically.

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. These costs are primarily comprised of marketing and distribution expenses such as advertising, fees, and commissions, but technology, labor, and other expenses may also be included.

OTA 52

OTA Cost Per Click Revenue Marketing 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. Not only can an in-house restaurant provide an enhanced guest experience but can reach a broader range of clientele, especially when your restaurant management operates independently from your hotel management.

Operations 59

Operations Management OTA Hotels 59

Hotel Business

JULY 13, 2023

“When I developed HotelIQ Decision Cloud, it was very important to me to make data more accessible to the entire commercial team by breaking down the walls that traditionally exist within a hotel’s sales, marketing and revenue management departments,” said Apo Demirtas, founder/CEO, HotelIQ.

Revenue 52

Revenue Ancillary Revenue Management OTA 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. Not only can an in-house restaurant provide an enhanced guest experience but can reach a broader range of clientele, especially when your restaurant management operates independently from your hotel management.

Operations 52

Operations Management OTA Hotels 52

Little Hotelier

OCTOBER 13, 2024

Fitness options Travellers want to keep fit – whether they’re at home or at their preferred accommodation. Because health and wellness is such a lucrative trend, in 2015 small accommodation providers should try to find ways to capitalise on it. You can use the same strategy to improve your revenue management.

Services 52

Services Hotels Travel Consumer 52