Cloudbeds

NOVEMBER 15, 2024

For years, the gold standard guiding business strategies for hotels has relied heavily on historical data, analyzed a few times a year (at best), making it difficult to swiftly respond to changing market conditions. For hotels, this includes making dynamic rate suggestions and identifying segments and offers for marketing campaigns.

Upsell 99

Upsell Occupancy Revenue Management Revenue 99

Fuel Travel

MARCH 28, 2023

The hospitality industry has witnessed a significant shift towards digitalization, leading hotels to adopt digital keys as a way of improving internal operations, reducing costs, increasing direct sales, and enhancing hotel guest satisfaction. For example, digital keys can be used to access a hotel’s gym, spa, or pool.

Ancillary Revenue 79

Ancillary Revenue ROI Revenue Hotels 79

Hotel Speak

AUGUST 13, 2024

Experience is everything in hotels today. And a Customer Relationship Management (CRM) system designed for hospitality has the power to make hotels stand out from the crowd. The right CRM helps hotels deliver that craved-for personalized experience, meeting the needs of each guest on their individual journey.

Ancillary Revenue 77

Ancillary Revenue Hotels Revenue Operations 77

Amadeus Hospitality

DECEMBER 3, 2024

Effective merchandising adds a personal touch that not only boosts revenue for a hotel but also helps deliver the personalized experiences guests crave. The impact of a modern CRS on hotel success: Two compelling case studies Look at the remarkable achievements of the Magnolia Hotel.

Ancillary Revenue 52

Ancillary Revenue Upsell Revenue Shopping 52

Xotels

JULY 26, 2024

You’ve got a hotel, right? Well, buckle up, because I’m about to spill the beans on how to squeeze every last penny out of your hotel venture. So, grab a cup of coffee, get comfortable, and let’s dive into the nitty-gritty of how to make your hotel a money-making machine. Trust me, this is going to be fun.

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

Hotelogix

AUGUST 6, 2024

Moving from merely managing hotel revenue to maximizing profit is a critical transformation that ensures your property's long-term success. Here's a detailed guide on transforming your hotel's revenue management to focus on profit maximization. Read Also: What is Dynamic Pricing in Hotels?

Revenue 52

Revenue Management Upsell Target Marketing 52

SiteMinder

NOVEMBER 22, 2023

What is a hotel customer journey? A hotel customer journey maps the entire experience of a guest, from the initial spark of interest to the post-stay engagement. Customer journeys are crucial for successful hotels, as they reveal the key touchpoints that drive a guest’s decision to book – or not book – with their business.

Hotels 100

Hotels Travel OTA Revenue 100

Xotels

JULY 26, 2024

You’ve got a hotel, right? Well, buckle up, because I’m about to spill the beans on how to squeeze every last penny out of your hotel venture. So, grab a cup of coffee, get comfortable, and let’s dive into the nitty-gritty of how to make your hotel a money-making machine. Trust me, this is going to be fun.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Catala Consulting

JULY 30, 2023

TRevPAR Optimization: Besides room revenues, optimizing additional revenues from services such as dining, spa treatments, and unique experiences is crucial for overall revenue growth. Such services might include dining, spa services, on-site entertainment, or event fees.

Revenue Management 52

Revenue Management Revenue Resorts Management 52

Hotel Speak

JULY 19, 2024

Whether you accept transient or group business to your hotel is more than just a revenue management question. And what is the philosophy of the hotel, the ownership, the general manager, and other stakeholders? For this scenario, we’re thinking about just a room without considering F&B or any other revenue streams.

Revenue 62

Revenue Management Revenue Management Average Daily Rate 62

eZee Absolute

DECEMBER 7, 2023

Hotels are increasingly switching to eco-friendly materials and practices in construction, room amenities, and daily operations. Here are sustainable hotel practices that you can adopt at your property! The War on Plastic: Reducing Waste The battle against single-use plastics has gained momentum, and hotels are leading the charge.

Hospitality 59

Hospitality Revenue Dining Accommodation 59

StayNTouch

NOVEMBER 16, 2022

Leveraging Technology to Drive More Bookings for Your Hotel By Justin DeRise The foundation of any hotel sales and revenue strategy lies in its distribution channels. A distribution channel is simply any forum or platform that a hotel uses to advertise and sell its rooms. 26% increase in hotel reservations.

OTA 52

OTA Hotels Revenue Overbooking 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 serves as a roadmap for your hotel’s success, helping you attract investors, secure funding, and make informed decisions about your operations.

Business 52

Business Revenue Hotels Occupancy 52

Amadeus Hospitality

OCTOBER 19, 2023

The resort closed for refurbishment, as did the majority of hotels on the island. As brand recognition had been such a major component of the resort’s past success, the decision for this hotel to shift to independent status was not an easy one. In 2017 , Hurricane Maria devastated Puerto Rico’s infrastructure.

Resorts 59

Resorts Branding Ancillary Revenue Revenue 59