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Hotel Revenue Management Strategies

Xotels

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.

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How Cloudbeds is redefining hotel payments: A conversation with a Payments Risk Manager

Cloudbeds

To provide background into the intricacies of hotel payments and how an experienced team and customized solution can be a game-changer for lodging operators, we spoke to Marcus Marcondes de Carvalho, Payments Risk Compliance Manager at Cloudbeds. Cancellations and refunds. Online travel agencies. Longer waiting periods.

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Airbnb Management Software

Little Hotelier

Airbnb management software is a specialised tool designed to help hosts efficiently manage their Airbnb listings. Why you need Airbnb management software for your small hotel Hosting hotel rooms on Airbnb in the modern day is challenging. How does Airbnb management software work?

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Hotel deposit: Fee and refund guide for hosts

Little Hotelier

If you cancel before the deadline (usually 1-3 days before check in) you get your money back, and after that, you’re charged for the first night if you don’t show. Motel 6: The majority of Motel 6 bookings do not require a deposit, although they do require “an advance payment deposit of the total charges for the first night’s lodging.”

Motels 52
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What is a hotel reservation system and why is it important?

Cloudbeds

Whether online or offline, behind every effortless booking experience is a fast, reliable, and fully integrated hospitality management system. A hotel reservation system is software used in the hotel industry to manage room inventory, rates, and bookings. What is a hotel reservation system? How do hotel reservation systems work?

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Understanding GDS: A Comprehensive Guide for Hoteliers

STAAH

For hoteliers, the benefits of being listed on a GDS are substantial: Increased Visibility : GDS connects hotels with over 6000,000 travel agents and travel management companies (TMCs) worldwide. Centralized Management : Managing inventory and rates across multiple channels can be challenging. How Hoteliers Can Benefit from GDS?

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Beyond the price tag: The true value of an integrated hotel payment system

Cloudbeds

For instance, when a hotel receives a reservation, whether it’s through the booking engine or via an online travel agency (OTA) , staff must manually enter payment details into the property management system (PMS). In the worst-case scenario, the guest may arrive to find their reservation canceled due to an invalid credit card number.

Motels 52