Fuel Travel

JULY 11, 2024

It also prevents overbooking and keeps everything in sync, allowing guests to tailor their stay preferences and enhance their experience. A secure, seamless connection ensures that this data is shared in real time, preventing overbooking and cancellations. This integration ensures consistent availability and prevents overbooking.

Upsell 52

Upsell Overbooking Hotels OTA 52

SiteMinder

SEPTEMBER 6, 2023

These bookings often occur due to sudden travel plans, business needs, or even whimsical decisions to take a quick getaway. Diverse clientele : Last-minute bookings attract a wide range of guests, from business travellers catching a late flight to spontaneous weekend adventurers.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

Hotelogix

NOVEMBER 7, 2024

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. Read also: Guide on Customer Retention in Hotel Industry Encourage Group Bookings: Offer discounts or packages for weddings, business events, or group travel bookings.

Hotel Sales 52

Hotel Sales Revenue Sales OTA 52

eZee Absolute

FEBRUARY 7, 2024

Of course, making the right decision will have a huge influence on your business in terms of efficiency and revenue. It is the right technology in business that produces ROI. Maintaining rate parity, real-time inventory, handling overbookings and under-bookings, and whatnot! But then, ever wondered how much it’s worth?

Upsell 59

Upsell Hotels Overbooking Revenue 59

STAAH

OCTOBER 18, 2022

These communications become a fantastic opportunity to upsell your services. Do you leverage a business website to drive direct bookings? It is important to be consistent and punctual when dealing with these queries. For booked guests, make email contact and send regular communications about their upcoming stay. 4 Smooth check-in.

Revenue 88

Revenue Upsell OTA Overbooking 88

Hotel Business

MARCH 14, 2024

This proactive approach minimizes the risk of overbooking or underutilization of rooms, ultimately improving revenue management and operational efficiency. Furthermore, AI can facilitate predictive analytics to forecast demand patterns accurately, allowing hotels to allocate resources efficiently and optimize inventory management.

Overbooking 59

Overbooking Revenue Upsell Services 59

Hotel Speak

JULY 24, 2024

By leveraging a diverse array of distribution channels, hotels can tap into different market segments and geographical regions, increasing visibility to attract high value customers which unlocks opportunities for upsell, therefore increasing the revenue potential. Removing the rate parity clause is not going to change customers’ behaviour.

OTA 79

OTA Hotels Revenue Revenue Management 79

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

Cloudbeds

APRIL 8, 2024

What many lodging businesses overlook are the different ways direct bookings can be captured. A booking engine is a platform used by lodging businesses to capture direct bookings anywhere a guest might be online. Upsells and add-ons. What is a booking engine? Travelers crave experiences.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

SiteMinder

SEPTEMBER 4, 2023

Table of contents A foundation built on delivering exceptional guest service While there are many elements that form success for a hospitality business, including hotel software, Chatrium started with guest experience as a priority. “To Further to that, it opens up opportunities to unlock more revenue for the business.

Operations 98

Operations Revenue Hotels OTA 98

Catala Consulting

JULY 30, 2023

Resort revenue management has become an indispensable tool for businesses, fostering strategies that maximize yield and build strong customer relationships. Originating from the airline industry, this approach has been effectively integrated into the resort business model. Why is Revenue Management Imperative for Resorts?

Revenue Management 52

Revenue Management Revenue Resorts Management 52

SiteMinder

NOVEMBER 14, 2023

Table of contents Lodgify and SiteMinder Comparison Choosing the right software can be the difference between business success and stagnation. This ensures that hotels can reach a global audience, manage inventory seamlessly, and reduce overbookings. SiteMinder’s booking engine is a testament to its expertise in this area.

Revenue 52

Revenue Revenue Management Upsell OTA 52

Hotel Speak

JULY 4, 2023

They have been able to adapt and act quickly in response to the rapidly changing business environment and guest expectations. They can work with a hotel channel manager to ensure real-time distribution of rates and inventories across OTAs for better visibility, more sales, and zero overbookings. to offer them personalised experiences.

Hotels 52

Hotels Revenue Revenue Management Occupancy 52

SiteMinder

SEPTEMBER 6, 2023

Direct bookings are the lifeblood of your business , offering a pathway to profitability that sidesteps the commissions paid to online travel agents. So, in essence, an effective online booking process is not just a feature; it’s an essential strategy for business growth and guest satisfaction.

Hotels 98

Hotels Revenue Occupancy Services 98

Cloudbeds

APRIL 15, 2024

Guest experience automation Powering improvements to the guest experience are tools that enhance guest engagement and self-service, like automated email confirmations and pre-arrival messages, upsell tools, and mobile check-in applications. Think about the guest’s perspective.

Revenue Management 98

Revenue Management Hotels Operations Revenue 98

Hotelogix

OCTOBER 18, 2024

Hotels are busy places that offer a variety of services to make guests feel welcome. Reservation Management: Effectively managing reservations ensures that the hotel maintains high occupancy levels while minimizing overbooking issues. In this blog, we will explore what hotel operations are, why they matter, and how they work.

Operations 52

Operations Management Hotels Services 52

SiteMinder

NOVEMBER 20, 2023

See what SiteMinder can do for your hotel business Discover how SiteMinder empowers you to smash your revenue goals, drive more direct bookings, and improve your guest experience in a single platform. With SiteMinder, hoteliers are not just reacting to data; they’re anticipating trends and making proactive decisions.

OTA 59

OTA Revenue Management Overbooking 59

Xotels

APRIL 3, 2024

In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. Without a solid revenue management strategy, a hotel will just get lost in the pile of other hotels – being unable to reach satisfactory visibility and level of business to remain open.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Cloudbeds

JULY 15, 2023

For growing hospitality businesses, a channel manager is a fundamental part of successful revenue management and distribution strategy. In this guide for hospitality professionals, you’ll learn all about Channel Managers, from how they work to what makes great software for your business specifically. What is a channel manager?

Management 76

Management OTA Cancellation Overbooking 76

Cloudbeds

FEBRUARY 28, 2024

When travelers book on your website, you can upsell them to premium rooms and cross-sell onsite services and add-ons like breakfast, dining, spa, and recreation. This will help you increase occupancy, maintain rate parity, and prevent pricing errors, overbookings, and lost sales. Many third-party sites don’t offer this flexibility.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

StayNTouch

NOVEMBER 16, 2022

It’s critical to integrate your PMS and booking engine with a channel manager so that you can efficiently manage distribution through multiple OTAs, gain valuable data on channel profitability, and prevent overbookings. A channel manager is also an important hub for customer data and business intelligence.

OTA 52

OTA Hotels Revenue Overbooking 52

Hotelogix

MAY 16, 2024

Sell more rooms: With increased online visibility, you can drive more bookings while eliminating overbookings and guest dissatisfaction.    Boost revenue: Make the best use of an upselling/cross-selling strategy. Configure and promote targeted packages/add-ons to attract guests, sell more, and earn more.

Operations 52

Operations OTA Hotels Revenue 52

eZee Absolute

SEPTEMBER 26, 2024

For example, if a hotel notices a spike in no-shows on weekends during peak season, they can adjust their staffing or overbooking strategy. Are they solo travelers, groups, or business bookings? Consider offering the room to waitlisted guests or upselling to walk-in customers. So, where do you start?

Cancellation 52

Cancellation Hotels Revenue OTA 52

Hotelogix

OCTOBER 19, 2023

These reports help hotels make data-driven decisions to improve business outcomes.  It improves a hotel's online visibility and sales while eliminating overbooking.  It also helps in upselling and cross-selling for more revenue. 

Hotels 52

Hotels Revenue OTA Management 52

Clock Software Hospitality

NOVEMBER 3, 2020

Manage Room Inventory Your hotel’s occupancy is the main metric by which you judge how well your business is doing at the moment. Having complete control over occupancy 24/7 will certainly cut down on the manpower it takes to keep inventory in order and prevent unwanted overbookings.

Hospitality 52

Hospitality OTA Revenue Management 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. Increase bookings.

Hotels 52

Hotels Management Revenue Management Revenue 52

Cloudbeds

JUNE 8, 2023

Having the right tool can mean the difference between working on your business and working in it. As a busy hotelier, every second of the day counts. You’re busy enough as it is. This means you can get real-time updates and check in on business from anywhere with internet access – even after you’ve gone home for the day.

Management 98

Management Hotels Revenue Digital Marketing 98