Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Why is Revenue Management Imperative for Resorts?

Revenue Management 52

Revenue Management Revenue Resorts 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

SiteMinder

AUGUST 1, 2024

What is a hotel business plan? A hotel business plan is a comprehensive document that outlines your hotel’s goals, strategies, and financial projections. It’s a vital tool for any hotel owner or operator, whether you’re starting a new hotel, expanding an existing business, or improving your current operations.

Business 95

Business Revenue Hotels Occupancy 95

Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

STAAH

JANUARY 16, 2024

There is no set formula to increase a hotel’s revenue, it can be achieved by creating a good promotion plan, tapping into sources of ancillary revenue , upselling and other marketing strategies. Optimise ancillary revenue. Dynamic pricing is a modern hotelier’s most effective strategy for revenue management.

Revenue 104

Revenue Ancillary Revenue Revenue Management Hotels 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

JULY 19, 2024

Whether you accept transient or group business to your hotel is more than just a revenue management question. It’s also a risk management question. And what is the philosophy of the hotel, the ownership, the general manager, and other stakeholders? And it depends on how you want to run your business.

Revenue 85

Revenue Management Revenue Management Average Daily Rate 85

Amadeus Hospitality

NOVEMBER 12, 2024

Originally published on Hospitality Net By Michael Yeomans, Senior Vice President, Business Intelligence & Data Solutions Amadeus In the ever-evolving hospitality industry, the use of business intelligence is becoming increasingly important. But the big question is – how willing are they to invest in new technology?

Business 52

Business Average Daily Rate Hospitality Ancillary Revenue 52

SiteMinder

JUNE 26, 2024

What is revenue optimization? Revenue optimization in hotels is a comprehensive strategy that accounts for all revenue streams and uses data to enhance the overall revenue performance of the business. Table of contents Why is hotel revenue optimization important?

Revenue 72

Revenue Revenue Management Upsell Global Distribution System 72

Hotel Speak

AUGUST 13, 2024

Driving revenue in a unique but fragmented industry Hospitality is a distinct and unique industry; guests go on a journey from pre-arrival to post-checkout, and hotels are made up of complex components including food and beverage (F&B), spa and wellness, and activities and experiences.

Ancillary Revenue 102

Ancillary Revenue Hotels Revenue Operations 102

Hotel Business

MARCH 6, 2024

Arigo, who brings 35 years of industry experience to LuxUrban, will be primarily responsible for the day-to-day operations of the company’s hotel portfolio, with a focus on enhancing property-level operations, optimizing supply chain relationships, elevating the customer experience and pursuing ancillary revenue opportunities across the portfolio.

Ancillary Revenue 64

Ancillary Revenue Revenue Management Hotels Revenue 64

Hotel Business

JULY 12, 2024

As Curator’s newest platform partner, Tock will empower member hotels and resorts to streamline their operations, drive ancillary revenue and elevate guest experiences all on one system. “This partnership aligns with our mission to empower hotels of all sizes with forward-thinking technology focused on revenue management.

Ancillary Revenue 64

Ancillary Revenue Dining Resorts Events 64

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. This blog will give you a full guide to hotel profit margins and how you can boost the profitability of your hotel or accommodation business.

Ancillary Revenue 52

Ancillary Revenue Revenue Revenue Management Hotels 52

Little Hotelier

OCTOBER 17, 2023

What is hotel revenue? Hotel revenue is the income your business earns from selling rooms or other products and services to guests. While revenue is mostly generated from selling your rooms, you can also collect revenue from your amenities such as a bar, restaurant, gym, or spa.

Revenue 100

Revenue Hotels OTA Ancillary Revenue 100

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 technique is widely utilized across various fields, including business, finance, and economics, to aid in decision-making and planning.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

Hotel Business

MARCH 7, 2023

Hotel Business spoke with Michael McCartan , the newly appointed area VP for Europe, the Middle East and Africa (EMEA) for IDeaS while he is at travel trade show ITB Berlin. The travel community, in Europe and worldwide, is happy to be back at it, booking business and making new contacts at trade shows. At the same time, as in the U.S.,

Consumer 52

Consumer Ancillary Revenue Revenue Management Revenue 52

SiteMinder

SEPTEMBER 10, 2024

CPOR can be influenced by a number of factors and can often be a representation of how effective your revenue management and marketing strategies are. A lower CPOR indicates that your business has a good handle on costs and resources. Operating costs: Efficient management of operating costs can reduce CPOR.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

Hotelogix

AUGUST 6, 2024

Here's a detailed guide on transforming your hotel's revenue management to focus on profit maximization. Maximizing Hotel Profit As a hotelier, you must adopt a holistic strategy that considers all revenue streams and cost factors to maximize profit.

Revenue 52

Revenue Management Upsell Target Marketing 52

Xotels

JULY 26, 2024

As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. Some are price-sensitive leisure travelers, while others are business travelers with deeper pockets.

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

Xotels

JULY 26, 2024

Were going to get down and dirty with the real-world strategies that we have actually seen working as a revenue management consulting company. Some are price-sensitive leisure travelers, while others are business travelers with deeper pockets. Consider hiring a revenue management consultant instead.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Xotels

JULY 26, 2024

As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. Some are price-sensitive leisure travelers, while others are business travelers with deeper pockets.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

SiteMinder

AUGUST 18, 2022

When it comes to successful revenue management strategy , it’s not just about tracking your own internal metrics such as RevPAR. At your hotel you also need to perform regular competitive analysis to see where you stand in the local market and how you can gain an advantage, or at least maximise your potential revenue and profit.

Hotels 52

Hotels Revenue Ancillary Revenue OTA 52

Hotel Business

JULY 18, 2024

Hotel Business caught up with industry experts who shared with us all the data, trends, challenges and ways to manage the rest of this year. “Urban areas are also experiencing a comeback in both group and corporate business travel, indicating a recovery in these sectors. . How has hospitality fared so far this year?

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Occupancy Revenue Travel Operations 52

MEWS

FEBRUARY 22, 2023

Increased use of technology Still, there is a lot of technology can do for our businesses, and these improvements happen on the back end to facilitate the work we do, and improve processes, so we can provide a better and more agile service. We can set rates according to clever algorithms, which do the work of a thousand revenue managers.

Hospitality 52

Hospitality Ancillary Revenue Services Travel 52

Travelboom Marketing

NOVEMBER 7, 2023

Rather, you need to ensure your efforts here are driving meaningful engagement , traffic, (and revenue). OTAs: At TravelBoom we like to think of the OTAs as a new business tool, not a set-and-forget way to fill empty rooms. From marketing to operations to revenue management, your SWOT analysis should evaluate all aspects of your hotel.

Hotel Marketing 96

Hotel Marketing Market Marketing OTA 96

eZee Absolute

DECEMBER 7, 2023

Additionally, advanced revenue management systems enable dynamic pricing strategies, optimising revenue in real-time. Well, that’s what you are doing business for, right? The approach of dynamic pricing ensures that pricing aligns with market dynamics, maximising revenue potential.

Hospitality 59

Hospitality Revenue Dining Accommodation 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

Hotel Speak

MAY 9, 2023

Is there anything more pressing on the minds of hoteliers, preventing them from having sleepless nights thinking about how to bring down their hotel`s cost and keep their business afloat? From our perspective as a hotel management company , we see both challenges as well as opportunities for hoteliers.

Hotels 59

Hotels Upsell Revenue Marketing 59

Hotel Operations

MARCH 15, 2023

Analysis from the McKinsey Global Institute has ranked travel as the #1 industry to create the most incremental value from AI: Among the broader travel industry, hotels likely have the most potential because of the complexity of this business and the amount of data that is (and can be) created. We’ve seen glimpses of what AI can create.

Hospitality 59

Hospitality Hotels Operations Revenue 59

Hotelogix

JANUARY 29, 2025

Revenue Management Systems (RMS) Dynamic pricing strategies Demand forecasting : Use data to predict busy periods. Business Intelligence and Analytics Platforms Data visualization to make informed decisions Customizable dashboards : Build role-specific KPI visuals. We're tracking every drop because they all matter!

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Management Hospitality Hotels Services 58

Hotel Business

NOVEMBER 22, 2024

IDeaS, a SAS company, a provider of hotel revenue management software and services, has released its annual trends report, 5 Predictions That Will Shape Hospitality in 2025. By leveraging data-driven insights and innovative solutions, businesses can optimize revenue, enhance guest experiences and build sustainable models.

Hospitality 110

Hospitality Ancillary Revenue Revenue Management Revenue 110