STAAH

APRIL 23, 2024

Interactive dashboards and visual representations make it easier for revenue managers to make data-driven decisions, identifying revenue trends, tracking performance metrics, and accurately forecasting future demand.

Revenue Management 109

Revenue Management Revenue Ancillary Revenue Management 109

Cloudbeds

OCTOBER 9, 2024

Hotel forecasting is a critical component of successful hotel management, serving as the foundation for strategic decision-making and operational efficiency. 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.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

Cloudbeds

NOVEMBER 15, 2024

A decision intelligence model powered by causal AI might reveal, for example, that during high season, offering a last-minute discount on unusually hot days (either through reduced rates or free amenities) attracts more local bookings, filling additional rooms and driving higher ancillary revenue.

Upsell 105

Upsell Occupancy Revenue Management Revenue 105

Xotels

MARCH 3, 2025

Luckily, from our experience as a revenue management consulting company, we’ve learned many tools that will simplify your life, help cut-out time-consuming tasks, and also enable you to open new streams of revenue! Cost savings: No need to hire a full-time revenue manager. And not just from your hotel rooms?

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

APRIL 3, 2024

Following best practices and a well-thought-out strategy is the only way to unlock the full potential of revenue for your hotel , with benefits including: Claim your fair market share: with more hotels forecasted to open every year , gaining a fair market share will become more difficul t each year.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Hotel Business

MARCH 7, 2023

The vibe in the global community is cautiously optimistic, as the intent to travel by consumers worldwide is undeniable. everyone is watching the cost of labor, rising rates, the levels of discretionary consumer spending in a high-inflation environment and the hoped-for recovery of business travel alongside leisure.

Consumer 52

Consumer Ancillary Revenue Revenue Management Revenue 52

Boutique Hotel News

DECEMBER 20, 2022

With inflation on the rise globally, consumers are likely to be more mindful when it comes to spending their money. This means that during periods of high consumer price growth, hotels have been able to raise room rates and pass on these rising costs to guests. Hotel e-tail. per cent on average above inflation per year.

Travel 124

Travel Hotels Branding Consumer 124