STAAH

APRIL 16, 2024

Hoteliers need to employ smart strategies to optimize revenue and profitability. One of the most powerful tools in their arsenal is a robust Revenue Management Solution (RMS). Implementing strict revenue controls ensures that pricing decisions align with revenue objectives and profitability goals.

Revenue Management 109

Revenue Management Revenue Management Forecasting 109

Hotelogix

NOVEMBER 13, 2023

The hospitality industry is well acquainted with the concept of hotel overbooking. Although it is a  common practice in hotel management, it has been a matter of debate particularly because of the complications it brings during peak hours. However, in cases of last-minute cancellations, your profit is badly impacted.

Overbooking 59

Overbooking Cancellation Revenue Occupancy 59

SiteMinder

OCTOBER 26, 2023

Dallas, USA – Brittain Resorts & Hotels (BRH), a leading full-service hospitality management company, has adopted SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, as part of its newly-announced business intelligence technology matrix.

Revenue Management 81

Revenue Management Revenue Resorts Management 81

STAAH

APRIL 8, 2025

With the hospitality industry adapting to evolving guest expectations and the rapid growth of online booking platforms, managing hotel operations become increasingly complex. In this blog we look at some common issues that hoteliers of any size face and where effective channel management through the right platform helps overcome these.

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SiteMinder

NOVEMBER 15, 2022

Hotel overbookings can be a divisive topic. Some hoteliers love using this strategy to boost their revenue and protect their property from losing out due to last-minute cancellations. However, you can minimise the risk of having to walk travellers if you have a solid overbooking strategy. What happens when a hotel overbooks?

Overbooking 52

Overbooking Cancellation Occupancy Closing 52

eZee Absolute

DECEMBER 22, 2024

Dynamic Pricing: Use revenue management tools to adjust pricing based on demand while offering competitive deals. With eZee Mint, our dynamic Revenue Management System , you can adjust room rates based on real-time market demand, ensuring you maximize revenue. Happy Hoteliering!

Overbooking 52

Overbooking Accommodation Events Revenue 52

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

Catala Consulting

MAY 17, 2024

Revenue management is a crucial aspect of the hospitality industry, focusing on maximizing income through strategic pricing, inventory control, and demand forecasting. These frontline employees are instrumental in shaping the guest experience, impacting occupancy rates, and ultimately driving revenue.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

STAAH

SEPTEMBER 1, 2024

Spread across vast acres of lush green land in Kampala, Uganda, Dolphin Suites is a thoughtful oasis for business and leisure travellers alike. The striking brick hotel sits amidst the quiet countryside while also offering guests access to the bustling business district of Kampala.

Overbooking 113

Overbooking Revenue Management Hotels 113

STAAH

OCTOBER 15, 2024

Tip for Hoteliers: Look for a cloud-based PMS that allows real-time updates, offers mobile access, and can easily scale as your business grows. Channel Manager Managing multiple distribution channels, from Online Travel Agents (OTAs) to direct bookings, can be complex without the right tools.

Operations 109

Operations OTA Overbooking Revenue 109

STAAH

OCTOBER 13, 2024

The manual updates limited revenue strategies to be applied at room level, ultimately lowering the revenue potential for the business. In addition to smart revenue management features, STAAH also provides detailed analytics on channel performance and key insights that ensure properties are making data-based decisions on rates.

Resorts 113

Resorts Operations Shopping Revenue 113

SiteMinder

MARCH 25, 2025

For example, during peak travel periods, an efficient reservations manager using a modern property management system (PMS) can swiftly allocate room blocks for group bookings or special events, maximising occupancy without overbooking. Efficiently managing OTAs and direct bookings is key to maintaining high occupancy rates.

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Inn Quest

SEPTEMBER 5, 2023

Effective hotel inventory management relies on technology solutions like Property Management System s (PMS), Channel Managers, and Revenue Management Systems (RMS) to automate tasks, analyze data and make informed decisions. This prevents overbooking and rate disparities, enhancing the guest experience.

Management 87

Management Overbooking Revenue Hotels 87

SiteMinder

JUNE 12, 2024

What is Yield Management? Yield management is a pricing and revenue management strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. But the evolution doesn’t stop there.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

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

STAAH

JULY 7, 2024

CityBlue is a borderless, branded group of business-centric hotels in Eastern and Southern Africa’s major cities, supported by a world-class digital infrastructure. As an African-born business which was founded in 2013 with immense passion, the ambition of this decade is to consolidate CityBlue as Africa’s fastest-growing local hotel chain.

Revenue 113

Revenue Overbooking Hotels Marketing Strategy 113

SiteMinder

JANUARY 30, 2023

Besral Sitorus, Cluster Revenue Manager of the hotel, expressed his satisfaction after relying on SiteMinder: “SiteMinder has a LOT of connections, which makes it easier for us to connect with valuable channels. The team was struggling to widen visibility via online channels with their previous technology solution.

Average Daily Rate 98

Average Daily Rate Sales Global Distribution System Management 98

STAAH

MAY 7, 2023

The property boasts 148 well-appointed rooms, an array of world-class resort-style facilities, including dining, a business centre and a wide range of retail outlets. Thoughtfully curated spaces make the property a refuge for business and leisure travellers alike. Airways prides itself on its highly personalised butler service.

Overbooking 98

Overbooking General Manager Revenue Hotels 98

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

SiteMinder

MAY 21, 2023

This eliminates manual updates, increases bookings and revenue, and eliminates concerns about overbooking or missing bookings. Booking data is quickly updated across all channels, allowing efficient management of hotel inventory and preventing overbooking or room shortages.

Resorts 98

Resorts Overbooking Yield Management OTA 98

Inn Quest

AUGUST 8, 2023

Pricing plays a crucial role in determining the success of any business. When it comes to hotel businesses, one must continuously strive to achieve a balance between the customer experience and pricing. Seasonal pricing refers to rates that businesses charge during their peak or off-season. Firstly, What is Seasonal Pricing?

Hotels 88

Hotels Occupancy Overbooking Revenue 88

Cloudbeds

APRIL 15, 2024

From checking in guests and entering reservations to managing rates and assigning rooms, many hotels still perform a lot of manual tasks. Oftentimes, these tasks overpower hotels’ ability to invest in proper guest communication, marketing activities, and revenue management , which significantly impacts performance and profitability.

Revenue Management 98

Revenue Management Hotels Operations Revenue 98

SiteMinder

MARCH 20, 2024

From sustainable design elements to mindful waste management practices, Neera Retreat’s commitment to environmental stewardship permeates every aspect of its operations, fostering awareness and inspiring change in both guests and staff alike. We recently spoke to Ms.

Revenue 98

Revenue Branding Overbooking Operations 98

Hotel Speak

JULY 24, 2024

Effective hotel distribution strategies enable hotels to target the right audience, optimise occupancy rates, and enhance revenue management. However – based on the experience in France where rate parity has been disregarded since 2014 – it could in fact lead to a loss of direct business.

OTA 101

OTA Hotels Revenue Marketing 101

Hotelogix

NOVEMBER 7, 2024

The right sales tactics can help increase revenue, boost occupancy rates , and ensure guests have a positive experience. This blog outlines simple, actionable strategies that hotels of all sizes can use to grow their business, from direct bookings to pricing strategies and everything in between.

Hotel Sales 52

Hotel Sales Revenue Sales OTA 52

Inn Quest

OCTOBER 3, 2023

Benefits of Integrated Payment Solutions for Hotel Businesses Integrated payment solutions offer a multitude of benefits for hotel businesses. This ensures that guests are always presented with accurate information, reducing the likelihood of overbooking or reservation errors. What can ‘roomMaster Payments’ do for you?

Hotels 88

Hotels Overbooking Marketing Strategy Business 88

Hotel Speak

AUGUST 13, 2024

It is crucial that hotels closely manage distribution of rates and inventory to prevent revenue loss, overbooking, or increased fees from third-party channels. With correct and competitive rates across all channels, hotels present a positive image of their property wherever a guest may find it.

Revenue 104

Revenue Sales OTA Average Daily Rate 104

Cloudbeds

FEBRUARY 28, 2024

The reservation system acts as the central hub of the reservation ecosystem, which may also include a website booking engine, channel manager, and revenue management system. When integrated, these modules work together to help hotels manage room availability, distribution, reservations, and revenue. Guestcentric.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

Inn Quest

APRIL 5, 2023

Anyone who has worked in the hospitality industry for a few years would enthusiastically attest to the importance of yield management in hotels, particularly in hotel revenue management. Yield management enables the adjustment of prices and inventory to meet seasonal demand, resulting in better revenue management in hotels.

Yield Management 88

Yield Management Management Occupancy Revenue 88

Inn Quest

FEBRUARY 1, 2023

Hoteliers can also use a channel manager to seamlessly connect with popular OTAs such as booking.com, Expedia, AirB&B, etc. Integrated platforms help increase the hotel’s visibility, maximize occupancy, and decrease overbookings. A Revenue Management System can simplify distribution and increase conversion.

Management 88

Management Consumer Hotels Overbooking 88

STAAH

OCTOBER 15, 2024

Tip for Hoteliers: Look for a cloud-based PMS that allows real-time updates, offers mobile access, and can easily scale as your business grows. Channel Manager Managing multiple distribution channels, from Online Travel Agents (OTAs) to direct bookings, can be complex without the right tools.

OTA 52

OTA Overbooking Revenue Management Revenue 52

Xotels

JANUARY 18, 2021

One of the components needed to apply a hotel revenue management is market segmentation. As a revenue manager or hotelier, your hotel market segmentation shall help to identify the purpose of the trip: either business or leisure. A clear distinction must also be achieved between individual and group business.

Hotel Marketing 40

Hotel Marketing Market Marketing Revenue Management 40

Inn Quest

SEPTEMBER 12, 2023

Seasonal Demand and Revenue Management: Many hotels face seasonal fluctuations in demand, with peak periods followed by slower periods. Effective revenue management is crucial to optimize room rates, occupancy levels, and overall revenue. Book a demonstration of our award-winning hotel management software here.

Operations 88

Operations Management Revenue Revenue Management 88

SiteMinder

NOVEMBER 17, 2023

Located in the verdant Irish Midlands, these surroundings make the Abbey Hotel Roscommon perfect for a relaxing getaway, a fairytale wedding or even a focused business meeting. That’s what the original patriarch, an entrepreneurial local business man, Thomas Grealy had in mind when he opened the hotel over 60 years ago.

Overbooking 69

Overbooking Closing Hotels Revenue Management 69

AskSuite

JULY 20, 2023

Let’s start with the basics—targets should be ambitious but achievable, and most importantly, they must align with your business goals. Cross-selling, on the other hand, might involve partnering with local businesses or attractions to provide exclusive experiences for your guests. RMS Predicting customer behavior is a must.

Management 52

Management Business Marketing Strategy Upsell 52

Hotel Business

MARCH 29, 2023

IDeaS , a SAS company, has introduced Automated Configuration for its G3 revenue management system (RMS), decreasing the initial configuration of G3 from weeks to as little as one day, depending on client needs and requirements. It’s like having another revenue manager on the team, analyzing the data 24/7.”

Revenue 52

Revenue Revenue Management Overbooking Forecasting 52

Little Hotelier

OCTOBER 30, 2024

Look for a system that automates key operations like updating room availability, managing bookings, and processing payments. This will save you from the hassle of manual updates and reduce the risk of overbookings or missed payments. This can boost guest loyalty and repeat business. Streamlined operations. Ease of use.

OTA 59

OTA Motels Upsell Overbooking 59