Cloudbeds

APRIL 15, 2024

Leveraging technology for revenue management is crucial for hoteliers looking to take their business to the next level. Payments Payments can be tedious, but they are one of the most crucial aspects of running a hospitality business. Think about the guest’s perspective.

Revenue Management 98

Revenue Management Hotels Operations Revenue 98

SiteMinder

JUNE 12, 2024

Yield management is a pricing and revenue management strategy that is used to maximise business performance. Table of contents History and development of yield management Yield management, which originated in the airline industry, marked a revolutionary shift in how businesses approached supply and demand. What is Yield Management?

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Inn Quest

AUGUST 15, 2023

Hotels face a daunting challenge as travelers seek convenience and competitive prices: how to efficiently manage their room inventory across multiple online distribution channels while maintaining real-time updates and avoiding overbooking. Choose one that fits your budget and business requirements.

Management 52

Management Global Distribution System Overbooking OTA 52

Hotelogix

OCTOBER 18, 2023

In this comprehensive guide, we delve into what a hotel reservation system entails and highlight its pivotal role in modern hotel businesses' success. It enhances guest satisfaction, optimizes operational efficiency, and drives revenue growth for your hotel business. 

Business 40

Business Global Distribution System Cancellation Hotels 40

Xotels

APRIL 3, 2024

In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. This is done by thoroughly understanding your property, its customers, and the market. Mix of business and leisure amenities and services (see how to target the bleisure market ).

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Little Hotelier

JULY 16, 2024

This means managing supply and demand to hit your desired occupancy rate while also maximising the revenue returns for your business. Essentially, your inventory is your product and your business relies on this product being sold everyday. This means you have to take all the other aspects of your business into account.

Management 52

Management Hotels Revenue OTA 52

SiteMinder

NOVEMBER 14, 2023

Superior guest acquisition Though Amenitiz focuses on offering a manageable booking experience to entice more guests, SiteMinder does this and goes several steps further, as it equips hoteliers with valuable insights that can be leveraged to understand guest preferences, competitor pricing, and market trends.

OTA 52

OTA Revenue Management Overbooking 52

SiteMinder

AUGUST 29, 2023

For hoteliers, hotel costs encompass everything from the cost of construction, to the cost of insurance, to the everyday operational costs of establishing, running and ultimately growing a hotel business. At your hotel, you don’t always need to be thinking of the next big plan to drive revenue and deliver increased profits for the business.

Revenue 52

Revenue Hotels OTA Operations 52

Hotelogix

AUGUST 27, 2024

We will tell you how to build a distribution strategy, pick the right channels, manage your OTA business, boost direct bookings, handle reviews easily, and track your results. This system is especially useful for reaching business travelers and large groups. Integrating with a GDS can open up new markets and bring in more bookings.

Global Distribution System 52

Global Distribution System OTA Revenue Hotels 52

SiteMinder

OCTOBER 11, 2022

Technology in the hotel industry continues to advance at a rapid pace and hotel property management software (PMS) remains essential for hoteliers looking to improve how they run their business. PMS hotel software is incredibly important for any business looking to optimise their daily tasks. Build relationships with guests.

Hotels 52

Hotels Management Revenue Management Revenue 52

Xotels

APRIL 3, 2024

In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. This is done by thoroughly understanding your property, its customers, and the market. Mix of business and leisure amenities and services (see how to target the bleisure market ).

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Cloudbeds

JANUARY 10, 2025

And yet, many hotels overlook metasearch in their digital marketing strategy , missing out on opportunities to reach a broader segment of travelers, compete for business with online travel agencies (OTAs), and drive direct bookings. What is hotel metasearch marketing?

Cost Per Click 52

Cost Per Click Market Marketing OTA 52

MediaBoom

MARCH 14, 2024

A staggering 75% of consumers admit to judging a business’s credibility based on its website design. In this way, you make sure it ranks in the top positions when someone searches for relevant keywords related to your hotel business. Secure your exclusive, free consultation with our luxury marketing experts today.

Digital Marketing 68

Digital Marketing Services Market Marketing 68

Hotelogix

JANUARY 12, 2025

Instead, start with 3–5 well-chosen OTAs that cater to your target market and region. Avoid overbooking by ensuring availability updates are instant. Start by encouraging reviews on platforms that drive the most business for you, such as Google, TripAdvisor, or OTAs like Booking.com and Expedia.

OTA 52

OTA Hotels Travel Management 52