SiteMinder

JUNE 12, 2024

This includes offering tailored packages, suggesting room upgrades, promoting in-house dining experiences, and even curating special entertainment events. For instance, if a hotel expects high occupancy due to an upcoming event in the city, they can ensure adequate staffing and inventory to cater to the influx of guests.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Clock Software Hospitality

NOVEMBER 24, 2020

The same goes with the reverse, late cancellations are automatically relisted, allowing the hotel to optimise its revenue potential. An Independent Hotel’s PMS Increases Upsell Potential All hoteliers are looking for ways to increase the lifetime value of their guests, but an upsell is a fickle thing.

Upsell 52

Upsell Hotels Accommodation Events 52

Little Hotelier

APRIL 19, 2023

They form a record that can be accessed by both you and your guests, which can bring clarity to reservation changes, cancellations or modifications. Each of these events demands another confirmation email, which again grants your hotel an opportunity to impress. Confirmation emails can also help in a managerial sense.

Cancellation 59

Cancellation Hotels Branding Upsell 59

Cloudbeds

OCTOBER 17, 2024

Dedicated groups & events page A simple way to secure more group business is to add a groups & events page to your website, where you can outline your USP and explain why you’re a great fit for certain groups. Integrated payment system The days of cash payments and taking cards over the phone are gone in the hotel industry.

OTA 76

OTA Occupancy Hotels Revenue 76

Little Hotelier

AUGUST 17, 2023

Quantity discounts By booking in bulk, the likes of tour groups, businesses, families and event guests are easier and more efficient to deal with on a per guest basis, so many hotels offer bulk discounts that trigger at a certain number of rooms. Loss leader rooms can also become profitable through upselling and cross-selling.

Hotels 98

Hotels OTA Cancellation Upsell 98

Hotel Business

SEPTEMBER 15, 2023

For an effective pricing strategy, you should look to determine your offerings, including: Variety of rates Discounts Your loyalty program offerings Upsell opportunities Slow periods are an excellent time to understand price fences such as advanced purchase, deposit or cancellation policies, as these can be flexed over time.

Revenue Management 64

Revenue Management Revenue Management Forecasting 64

Catala Consulting

JULY 30, 2023

Overbooking: Though counterintuitive, it helps mitigate revenue loss due to last-minute cancellations or no-shows. Seasonal Pattern Analysis: Resorts can capitalize on fluctuating demands driven by seasons, holidays, and local events, by adjusting pricing and operational strategies accordingly.

Revenue Management 52

Revenue Management Revenue Resorts Management 52

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. When travelers book through your website, they can make changes or cancel directly with your property, giving them peace of mind. Generate more revenue.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

Inn Quest

MAY 11, 2023

By using dynamic pricing strategies, hotels can also adjust prices for specific events or promotions to attract more customers and increase their revenue. This strategy works especially well for lodging facilities that encounter seasonal fluctuations in demand or a high rate of cancellations.

Revenue 88

Revenue Occupancy Hotels Market 88

Xotels

APRIL 3, 2024

Key factors considered in market segmentation include length of stay , day-of-week stays, total revenue per room , total revenue per client, booking lead time, cancellation percentage, and no-show ratio. This information enables revenue managers to strategically target specific holidays or events with tailored offers and packages.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

SiteMinder

JULY 13, 2024

By analysing historical data, current bookings, local events, and even broader market trends to identify patterns, your hotel can anticipate busy and quiet periods. One of the best ways to identify and filter segments is by their reason for travel; family holiday, wedding, tourist event, adventure, relaxation, business, etc.

Revenue Management 98

Revenue Management Revenue Management OTA 98

Fuel Travel

JANUARY 24, 2023

Hotels using pre-arrival emails reported that 98% of their upsells came via emails before arrival rather than at the front desk. Reduce cancellations with confirmation emails that reassure guests. For example, remind guests about seasonal events in or near your property. Use email to make your property a trusted local expert.

Email Marketing 52

Email Marketing Market Marketing Hotels 52

Social Tables

SEPTEMBER 22, 2017

A perfectly timed mobile marketing campaign directed at travelers looking for a place to stay after a flight cancellation is just one small example of the power of big data for hotels. Email marketing, hotel productivity, and upselling are some of many ways to use this data.

Cancellation 68

Cancellation Hotels Upsell Email Marketing 68

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 ? What’s iCal?

Management 76

Management OTA Cancellation Overbooking 76

Clock Software Hospitality

NOVEMBER 3, 2020

Read more: Hotels vs. OTAs: Which Way Does the Scale Tip in 2020 A guest books a room through an OTA, the booking is instantly noted in your inventory, another guest cancels at the last minute, and the room is automatically up for sale again on every channel.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

Hotel Speak

OCTOBER 24, 2024

Whether it’s mitigating cancellations with predictive marketing suggestions or personalizing guest experience with tailored upsell recommendations, our supercharged platform will help hoteliers take the best actions to meet their goals. This level of decision intelligence simply hasn’t been available until now.”

Upsell 97

Upsell Hospitality Cancellation Forecasting 97

SiteMinder

JANUARY 8, 2024

The entertainment businesses can include attractions of special interest such as zoos and museums, or spectator events such as theatre performances or sports games. Promotions are special rates that can change depending on: – The season or holiday period; – If the guest is a VIP; or, – You want to capitalise on an event. –

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

The entertainment businesses can include attractions of special interest such as zoos and museums, or spectator events such as theatre performances or sports games. Promotions are special rates that can change depending on: – The season or holiday period; – If the guest is a VIP; or, – You want to capitalise on an event. –

Operations 52

Operations Management OTA Hotels 52

Cloudbeds

OCTOBER 23, 2024

Whether it’s mitigating cancellations with predictive marketing suggestions or personalizing guest experience with tailored upsell recommendations, our supercharged platform will help hoteliers take the best actions to meet their goals. This level of decision intelligence simply hasn’t been available until now.”

Upsell 40

Upsell Hospitality Cancellation Forecasting 40

MediaBoom

APRIL 5, 2024

Local Events and Seasonality : Geo-targeted campaigns can be adjusted quickly to take advantage of local events, holidays, or seasonality, making offers timely and more appealing. Additionally, the ability to upsell and cross-sell services directly through the platform can further enhance revenue.

Marketing Strategy 86

Marketing Strategy Market Marketing Travel 86

Hotelier Magazine

JANUARY 24, 2024

He says the systems also provide an opportunity for upgrades, cross-sells or upsells, which might include a better room or a deal on a spa package. Systems can range from $10 per user per month all the way up to $100 per user per month. Some big chains, such as Hilton and Choice, use their own proprietary systems for their unique needs.

Business 59

Business Hospitality Email Marketing Management 59

Cloudbeds

JUNE 8, 2023

To maximize revenue, your pricing needs to be dynamic and consider factors like competitors’ rates and local events that may affect your profits. An increased level of engagement not only results in more satisfied guests but also helps to increase revenue via upsells and add-ons and streamlines operations through automation.

Management 98

Management Hotels Revenue Digital Marketing 98