Inn Quest

APRIL 3, 2023

Simplify Booking Management with a Cloud-Based Solution Managing room blocks can be time-consuming and complex, but implementing a simple and streamlined process can save time and reduce errors. Continuously monitor and optimize Regularly review your operational processes and identify areas for improvement.

Operations 88

Operations Revenue Management Revenue Forecasting 88

Inn Quest

MAY 11, 2023

By drawing in more visitors, raising occupancy rates and enhancing profitability, a thoughtful pricing strategy can help hotels maximize their revenue. Even if occupancy rates do not rise, this can help hotels raise their profit margins. A Rise in Profitability: Effective pricing strategies can also boost a hotel’s profitability.

Revenue 88

Revenue Occupancy Hotels Marketing 88

TravelNet

AUGUST 3, 2023

While OTAs charge a specific percentage on bookings, the advantage of using their marketing muscle means more bookings and occupancy. of booking before taxes, host pays 3%, though the rate is higher for listings in Italy or hosts with Super Strict cancellation policies. Damage Deposit Airbnb: No damage fee for hosts!

OTA 98

OTA Management Occupancy Services 98

Hotelogix

JULY 18, 2024

It is an essential practice for hoteliers and revenue managers to optimize pricing, maximize occupancy, and enhance overall profitability. It involves forecasting key metrics such as demand, occupancy, average daily rate, and RevPAR (revenue per available room). How do we Forecast Hotel Occupancy? What is Hotel Forecasting?

Forecasting 52

Forecasting Average Daily Rate Occupancy Revenue Management 52

Clock Software Hospitality

OCTOBER 27, 2020

How Has Consumer Attitude to Travel Changed? So in order to adapt to this uncertainty hotel cancellation policies need to be revamped. Naturally, there will be some restrictions as to which bookings can be cancelled with refunds and which could be too costly to refund. Guests are weary of the idea of travel.

Hospitality 52

Hospitality Cancellation Occupancy Revenue 52

SiteMinder

JULY 13, 2024

It involves the use of data and analytics to help you keep track of supply and demand so you can make predictions on consumer behaviour. Many businesses where consumers spend money have varying prices based on demand, supply and shifts in costs. This can only be done by measuring and monitoring the demand of your hotel rooms.

Revenue Management 98

Revenue Management Revenue Management OTA 98

Boutique Hotel News

OCTOBER 27, 2022

Airport hotels are also being offered government contracts to house refugees, which could result in high occupancy levels. . The consumer is paying more attention to the smaller details, and greater effort is required to monitor reviews in terms of managing responses and quality.

Hospitality 52

Hospitality Real Estate Hotels Events 52

Cloudbeds

FEBRUARY 28, 2024

If the components aren’t integrated, the revenue manager must perform these tasks manually, a time-consuming and error-prone process. When travelers book through your website, they can make changes or cancel directly with your property, giving them peace of mind. Reassure travelers and protect your bottom line.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

Hotelogix

AUGUST 21, 2024

Reconcile room status The night auditor must evaluate and analyze a particular day's occupancy report and the housekeeping room status report to determine a hotel's correct occupancy status. While doing it manually will be time-consuming and error-prone, a Hotel PMS automates the whole process.

Revenue 52

Revenue Average Daily Rate Rack Rate Hotels 52

TravelNet

JUNE 26, 2023

With changing consumer behaviors and spending patterns, it is crucial to adapt and implement ways to maximize revenue and control costs. Adapting to changing consumer spending patterns While it’s true that people are still spending, the dynamics have shifted. Take time to reexamine your cancellation policy, rates, and fees.

Revenue Management 52

Revenue Management Revenue Occupancy Marketing 52

Amadeus Hospitality

JUNE 20, 2023

With continued demand for leisure travel and the reopening of China to tourism after several years, global hotel occupancy is on the upswing in 2023, with many markets surpassing pre-pandemic occupancy levels according to Amadeus Demand360 ® data.

Hospitality 52

Hospitality Travel Occupancy Revenue 52

TravelNet

DECEMBER 5, 2022

price freeze, cancel for any reason) that have seen record success across Hopper verticals. Our current PMCs have got access to new users, increased occupancy and got high quality bookings (ADR – $268, AOV – $946, LOS 3.5 price freeze, cancel for any reason) that have seen record success across Hopper verticals.

OTA 52

OTA Cancellation Management Travel 52

Xotels

APRIL 3, 2024

Guest & Market Segmentation Hotel market segmentation is an important component of effective revenue management, allowing hotels to target diverse consumer groups based on their behaviours and budget levels. The graph considers cancellations and identifies peak or slow booking days.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Hotelogix

OCTOBER 24, 2024

Your front desk staff can use a Hotel PMS to accept, cancel, and modify reservations based on your guests’ requirements. It analyses several factors including demand, season, occupancy forecast, and competitor pricing, etc. This is a time-consuming process and does not guarantee a real-time update.

OTA 52

OTA Management Overbooking Cancellation 52

Q4Launch

FEBRUARY 3, 2022

Research Booking Pre-Arrival Arrival Occupancy Checkout / Departure Post-stay Research For us, this is called the “Dreaming” phase of the travel life cycle. For example, overly strict cancellation policies can deter some potential guests. Bolded ones are the most typical. Everything should be about the guest experience.

Marketing Strategy 52

Marketing Strategy Upsell Occupancy Hotels 52

Inn Quest

AUGUST 15, 2023

Understanding the Hotel Channel Management Landscape Managing hotel bookings and distribution across multiple online travel agencies (OTAs) and booking platforms is becoming an increasingly complex and time-consuming task for hoteliers. Maximize your occupancy and avoid overbookings by centralizing your inventory and pricing.

Management 52

Management Global Distribution System Overbooking OTA 52

Cloudbeds

JULY 15, 2023

The same happens with a cancellation. It then pushes ARI updates to that channel and, for two-way sync, it imports reservations/cancellations into your Channel Manager, PMS, and/or CRS dashboard. In the case of one-way sync, reservations or cancellations will not be imported. What’s allotment ?

Management 76

Management OTA Cancellation Overbooking 76

SiteMinder

FEBRUARY 25, 2024

Sifling through endless news to find the valuable stuff can be a time-consuming pursuit, however. decrease in occupancy during December. Almost one in five hotel rooms booked online are cancelled prior to travel. 51% of US guests say they’re more stressed than a year ago – causing 37% to cancel or delay their trip.

Hospitality 52

Hospitality Cancellation OTA Tourism 52

Hotelogix

OCTOBER 18, 2023

It leads to time-consuming and error-prone processes, resulting in business opportunities and revenue loss. It dynamically changes rates based on your hotel's occupancy, guests' booking window, guests' length of stay, demand, and many other critical aspects. Yes, of course, you need it.

Management 52

Management Hotels Revenue Occupancy 52

Clock Software Hospitality

JANUARY 12, 2021

With public events cancelled, you are likely to be put in the position of providing guests with on-premise entertainment. While some of the popular sites like Booking.com and AirB&B are seeing a significant hit in interest, they have a unifying function which consumers appreciate, so with travel picking up once again, so will OTA bookings.

Hospitality 52

Hospitality Average Daily Rate Scale Events 52

eZee Absolute

OCTOBER 16, 2023

This not only made day-to-day operations more complicated and time-consuming but also restricted the resort’s capacity to expand its business. Increased Bookings and Revenue: eZee’s reservation management system eliminated the chaos of overbookings and cancellations, leading to increased bookings and improved revenue.

Resorts 52

Resorts Tourism Fair Share Operations 52

Travel Media Group

JULY 6, 2023

But, you know, at the end of the day, I think some of the most, you know, the quickest ways that we can implement this technology would be through the guest and consumer side. You’re certainly gonna put yourself in the best position to capture occupancy. And that you have that snowball effect there. Travel is taking off.

Hospitality 97

Hospitality Travel Events Market 97

SiteMinder

JANUARY 8, 2024

This industry heavily relies on consumers having disposable income. Housekeeping management: Rostering housekeeping staff, and ensuring they know when and where to clean, can be a surprisingly tricky and time-consuming job. This not only encourages repeat business but also helps your hotel keep a consistent occupancy rate.

Operations 59

Operations Management OTA Hotels 59

Hotelogix

OCTOBER 19, 2023

It also aids in managing reservation cancellations and modifications, accepting reservations, sending confirmation emails, extending self-service facilities to guests, processing payments, etc. The primary objective is to help hotels sell more at the best rates to the right guest to boost occupancy and revenue. 

Hotels 52

Hotels Revenue OTA Management 52

SiteMinder

JANUARY 8, 2024

This industry heavily relies on consumers having disposable income. Housekeeping management: Rostering housekeeping staff, and ensuring they know when and where to clean, can be a surprisingly tricky and time-consuming job. This not only encourages repeat business but also helps your hotel keep a consistent occupancy rate.

Operations 52

Operations Management OTA Hotels 52

Travel Media Group

JUNE 12, 2024

So then they started kind of putting that on a DOS and then the director of sales would say this, this is the a lot of time, it’s very time consuming. This comes from Hootsuite’s 2024 Social Media Consumer Report, and it’s what has caused consumers to unfollow a brand in the last 12 months. Absolutely.

Events 52

Events Travel Occupancy Business 52

Xotels

APRIL 3, 2024

Guest & Market Segmentation Hotel market segmentation is an important component of effective revenue management, allowing hotels to target diverse consumer groups based on their behaviours and budget levels. The graph considers cancellations and identifies peak or slow booking days.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

SiteMinder

OCTOBER 10, 2024

Booking a business trip can be time consuming, but CTM can streamline the admin of corporate travel. They book during weekdays, helping hotels to maximise occupancy. Large, international corporate travel management companies also have the power to negotiate better deals with vendors.

Management 52

Management Travel Hotels Business 52

SiteMinder

OCTOBER 10, 2022

The typical hotel room size in any given area can offer a great deal of insight into market trends as well as consumer demand. For example, as younger consumers begin to prioritise experience over hotel room dimensions, the average size gets smaller. Free cancellations. Table of contents. Average hotel room size. Free parking.

Motels 52

Motels Hotels Services Travel 52

Cloudbeds

JUNE 8, 2023

From increasing occupancy to generating direct bookings and increasing ADR, lodging operators have a lot on their plate. At full occupancy , that’s $6,375 in potential revenue each day. At its average occupancy rate of 72%, the average revenue per night is $4,590. Say your run a 15-room luxury inn nestled in the foothills.

Management 98

Management Hotels Revenue Digital Marketing 98

SiteMinder

NOVEMBER 24, 2023

The smart platform even offers a 14-day free trial without requiring credit cards and users can cancel any time. Trustpilot is a widely-used online review website that empowers consumers to give their honest opinions about companies. Brilliant job!”

Revenue 52

Revenue Revenue Management Management General Manager 52

Catala Consulting

FEBRUARY 24, 2025

Each of these channels plays a critical role in a hotels ability to maximize occupancy and revenue. Leverage OTA Promotions Strategically Use OTA deals only during low occupancy periods. Monitor Performance Metrics Track conversion rates, cancellation rates, and commission costs. The Future of Hotel Distribution : Whats Next?

Global Distribution System 52

Global Distribution System OTA Forecasting Revenue Management 52