Cloudbeds

DECEMBER 2, 2024

Understanding future demand trends, their causes, and the guest segments driving them can help hotel revenue managers adjust room rates to boost occupancy and sales. Managers can use it to budget, allocate resources, streamline inventory management, and improve the guest experience. This forward-looking data (e.g.,

Forecasting 75

Forecasting Revenue Management Occupancy Revenue 75

Cloudbeds

JANUARY 22, 2025

Financial analysis When EBITDAR is combined with other metrics, such as ADR (average daily rate), occupancy rate, or RevPAR (revenue per available room) , it can help dig deeper into financial metrics. Here are some tips to do that: 1.

Revenue 40

Revenue Hotels Operations Average Daily Rate 40

Cloudbeds

MARCH 23, 2023

Consider adding a live chat widget to answer questions in real-time to guide them through the booking process and increase upselling opportunities. Using a guest messaging tool , you can manage your conversations across channels through a single app for fast response times and an improved customer experience.

OTA 98

OTA Digital Marketing Marketing Market 98

Hotelogix

DECEMBER 19, 2024

Revenue Management Figuring out room prices can be tough. This happens through: Dynamic Pricing: Changing rates based on demand and what competitors charge. This led to a 30% increase in guest satisfaction scores, a 50% rise in upsells and cross-sells, a 35% growth in repeat booking rates, and a 20% reduction in marketing costs.

Business 40

Business Hotels Forecasting Revenue 40

Little Hotelier

NOVEMBER 6, 2023

What is hotel revenue optimisation? As a small, independent hotelier you may have heard the terms hotel revenue optimisation and hotel revenue management. So what is revenue optimisation? All remaining rooms are just icing on the cake, so you can then focus on selling them at elevated rates.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

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

Amadeus Hospitality

AUGUST 24, 2023

The latest data from Amadeus’ Demand36 0® reflects this, with on-the-books global hotel occupancy rates for H1 2023 trending above 2022 and 2021 levels, and just 3 points behind those seen in 2019. In addition, global hotel average daily rates (ADR) are already above pre-pandemic levels.

Travel 52

Travel Average Daily Rate Marketing Strategy Sales 52

Cloudbeds

JUNE 5, 2024

There used to be a time when hotel revenue managers simply had to look at predicted demand and keep an eye on competitors’ rates to optimize pricing. For revenue managers, that meant adding a new strategy (and a new skill) to their decision-making: reputation pricing. That’s where technology can help. Reputize.

Revenue Management 52

Revenue Management Revenue Occupancy Average Daily Rate 52

Cloudbeds

SEPTEMBER 18, 2024

This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. Guest loyalty can be measured using metrics like stay frequency, average guest spend, and customer lifetime value (CLV). Revenue management KPIs. Food & beverage KPIs.

Operations 40

Operations Revenue Management Occupancy Revenue 40

Hotelogix

JANUARY 29, 2025

Here’s the scoop: Dynamic pricing strategies : AI-powered systems adjust rates in real-time based on demand, events, and competitor pricing, maximizing revenue per available room (RevPAR). Revenue Management Systems (RMS) Dynamic pricing strategies Demand forecasting : Use data to predict busy periods.

Management 58

Management Hospitality Hotels Services 58

SiteMinder

OCTOBER 10, 2023

Transform your Hotel's data strategy Harness the potential of your hotel's data and redefine your revenue management approach with SiteMinder’s platform. What sets UpStay apart is its unique approach to upselling. Learn more How do you collect hotel data?

Hotels 52

Hotels Management Upsell Travel 52

SiteMinder

JANUARY 8, 2024

Types of hotel management If we zoom in on accommodation management, it too can be divided into a few different categories, which reflect the broad range of tasks and challenges that hotel management presents. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR).

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

Types of hotel management If we zoom in on accommodation management, it too can be divided into a few different categories, which reflect the broad range of tasks and challenges that hotel management presents. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR).

Operations 52

Operations Management OTA Hotels 52