STAAH

NOVEMBER 8, 2022

Like many other areas in travel and hospitality, revenue management has dramatically changed in the last two years. We spoke to leading revenue managers on what they think lies ahead. Revenue managers have had to up their ante on monitoring local trends and populace segments to get a better understanding of demand.

Revenue Management 98

Revenue Management Revenue Management Forecasting 98

STAAH

JUNE 18, 2024

Booking process Display accurate, up-to-date information on room availability and pricing to avoid overbooking and ensure transparency. Allow guests to easily modify or cancel their bookings online. Sync with a channel manager to maintain rate parity and manage inventory across multiple distribution channels.

Cancellation 105

Cancellation OTA Overbooking Accommodation 105

SiteMinder

JUNE 12, 2024

What is Yield Management? Yield management is a pricing and revenue management strategy that is used to maximise business performance. For hotels, the ultimate aim of yield management is to increase revenue by leveraging the balance between supply (available rooms) and demand (guest bookings).

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Yield Management Management Revenue Management Revenue 98

Xotels

APRIL 3, 2024

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.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

STAAH

DECEMBER 6, 2023

Benefits: You can temporarily halt room sales through specific channels, allowing for better inventory management. Sending zero inventory to channels when fully booked avoids overbooking. 2) Avoid Group Booking Reduce the risk of last-minute cancellation for group bookings, especially over high demand dates.

OTA 105

OTA Overbooking Cancellation Closing 105

SiteMinder

OCTOBER 10, 2023

What is an Agoda channel manager? An Agoda channel manager is a tool designed to help hoteliers optimise their online presence across Agoda’s extensive booking platform. Table of contents Why should hotels consider a channel manager for Agoda? How does an Agoda channel manager work? But that’s not all.

Management 59

Management Overbooking OTA Hotels 59

eZee Absolute

FEBRUARY 12, 2025

AI-powered revenue management doesnt just suggest price hikes; it ensures that your pricing aligns with demand fluctuations , maximizing revenue without turning potential guests away. Dont Let Overbooking or Cancellations Kill Your Revenue With a major event like this, cancellations and no-shows are inevitable.

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Revenue Cancellation Overbooking Revenue Management 52

Hotelogix

OCTOBER 24, 2024

Understanding different hospitality technology solutions and their roles – Hotel PMS You can call it a Hotel PMS, hotel property management system , hotel property management software, hotel management system, hotel management software, or hotel software. They lack integration capabilities.

OTA 52

OTA Management Overbooking Cancellation 52

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

STAAH

JUNE 11, 2024

A smart booking engine such as SwiftBook can help you make optimised decisions via dynamic pricing as well as offer discounts, loyalty programmes, free amenities or flexible cancellation policies for guests who book directly. Using insights from your channel manager, you can also dial-up the high-performing channels in real-time.

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OTA Shopping Occupancy Overbooking 111

Little Hotelier

FEBRUARY 5, 2024

Vacation rental software is a versatile solution that covers everything from online booking and reservation management to seamless payment processing and automatic guest communication. It’s like having a trusted partner by your side, designed to simplify and supercharge the management of your charming hotel or vacation property.

Management 59

Management Overbooking OTA Accommodation 59

Inn Quest

AUGUST 15, 2023

At a glance: – Understanding the Hotel Channel Management Landscape – What Is A Hotel Channel Manager? – Technical Features of A Hotel Channel Manager – How To Choose The Right Hotel Channel Manager For Your Hotel? – What Other Systems Can You Use With A Channel Manager At Your Hotel?

Management 52

Management Global Distribution System Overbooking OTA 52

SiteMinder

SEPTEMBER 6, 2023

While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. Reduced cancellation risks : The closer the booking is to the stay date, the less likely it is to be cancelled. The answer is a pooled inventory system via a tool like SiteMinder’s channel manager.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

SiteMinder

OCTOBER 10, 2023

What is a Trivago channel manager? A Trivago channel manager serves as a bridge between your hotel and potential guests. By effectively managing your listings across Trivago, it reduces necessary admin, optimises your online visibility, and enhances guest experience, ensuring that your hotel reaches a wider audience.

Management 59

Management Overbooking OTA Hotels 59

Little Hotelier

MAY 12, 2024

Little Hotelier makes the transition to tech-led management simple In the beginning, Mamori House faced challenges selling through various online channels. It helps us manage our rooms to prevent overbooking. This answers the need for us to be able to manage and control everything ourselves with flexibility.”

Overbooking 52

Overbooking Cancellation Accommodation Intent 52

eZee Absolute

DECEMBER 11, 2023

Imagine you have 25 rooms to manage in your bustling hotel. Well, that’s where your trusty sidekick in this digital world comes in – the hotel channel manager. In simple words, a channel manager is your 24*7 assistant in the digital world of bookings. Sounds like a logistical nightmare, right? But fear not!

Management 59

Management OTA Overbooking Global Distribution System 59

Hotelogix

OCTOBER 11, 2024

A no-show in the hotel industry occurs when a guest makes a reservation but fails to show up or cancel their booking in advance. Understanding the intricacies of no-shows is important for effective hotel management. Offer Flexible Cancellations  Flexible cancellation policies can significantly reduce no-shows.

Cancellation 52

Cancellation Overbooking Occupancy Hotels 52

Little Hotelier

FEBRUARY 5, 2024

What is hotel reputation management software? As the name suggests, hotel reputation management software, also called hotel online review software or hotel review management software, is technology designed to help hotels and other accommodation providers to manage their online reputations.

Management 59

Management OTA Hotels Accommodation 59

Little Hotelier

JULY 31, 2023

From a fully interactive calendar that enables changes to rates and room types, to an intuitive content manager that allows you to easily update and rate the quality of your content, images, and offers, MaxiRoom is designed to simplify the management of your property in their system.

Cancellation 52

Cancellation Overbooking OTA Management 52

Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. Resort revenue management has become an indispensable tool for businesses, fostering strategies that maximize yield and build strong customer relationships.

Revenue Management 52

Revenue Management Revenue Resorts Management 52

SiteMinder

JUNE 24, 2024

Understanding these fees is essential for effectively managing your hotel’s revenue. If your hotel charges additional resort fees, these need to be clearly communicated to guests and managed separately. It’s worth discussing your options with your Booking.com account manager to see if custom rates can be arranged.

Cancellation 52

Cancellation Overbooking Revenue OTA 52

Cloudbeds

FEBRUARY 28, 2024

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. How do hotel reservation systems work? Increase efficiency.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

Hotelogix

SEPTEMBER 12, 2024

A Hotel Property Management System (Hotel PMS) is software that helps hotels efficiently organize, schedule, and manage their daily operations. They can also take requests for booking cancellation/modification and room upgrades, etc, with ease. What is Hotel PMS? to make key business decisions.

Management 52

Management Revenue Management Hotels Operations 52

Xotels

APRIL 3, 2024

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.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Hotelogix

APRIL 18, 2024

What induces anxiety and ennui in those who manage such businesses Well, we asked this question to hundreds of hoteliers in the past few months and came up with this word cloud that you see below. This is a fine strategy to start at, however, the problem is managing the hotel on all these OTAs. So what does keep a hotelier up at night?

OTA 52

OTA Overbooking Cancellation Business 52

eZee Absolute

SEPTEMBER 26, 2024

On a recent flight to Bangalore, I bumped into Aditi, a former colleague who now manages a resort in Wayanad. It’s when a guest books a room but simply doesn’t turn up without canceling. Your policies should outline the consequences of a no-show, such as a cancellation fee or the forfeiture of a deposit.

Cancellation 52

Cancellation Hotels Revenue OTA 52

eZee Absolute

NOVEMBER 6, 2024

Another guest complained about delayed responses to their queries, while the hotel’s management struggled to keep track of bookings and cancellations. These challenges included: Manual Booking Management: The hotel’s dependency on manual processes for managing bookings led to a plethora of issues.

Cancellation 52

Cancellation Operations Hotels Overbooking 52

SiteMinder

JULY 21, 2024

SiteMinder has been making everyday life easier at the Hirsch 1783 for six years – but since Peter Schöllhorn linked 3RPMS to SiteMinder’s channel manager , day-to-day operations have fundamentally changed. A flexible and intuitive platform When Peter was looking for a new channel manager, his nerves were frayed.

Operations 52

Operations Overbooking Hotels Cancellation 52

Little Hotelier

OCTOBER 11, 2023

However, you may also be worried about managing the increased workload that awaits you. Don’t overbook as a strategy Some accommodation providers deliberately overbook their rooms to anticipate cancellations. However, overbooking means that you risk double booking, which is not worth the risk.

Maximum Length of Stay 52

Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 52

Fuel Travel

JULY 11, 2024

Behind the scenes it manages rates, availability, and guest reservations, passing this information from the hotel to the guest and vice versa. It also prevents overbooking and keeps everything in sync, allowing guests to tailor their stay preferences and enhance their experience. How does hotel booking software work?

Upsell 52

Upsell Overbooking Hotels OTA 52

Xotels

JANUARY 18, 2021

One of the components needed to apply a hotel revenue management is market segmentation. As a revenue manager or hotelier, your hotel market segmentation shall help to identify the purpose of the trip: either business or leisure. Cancellation %. Overbooking (from another hotel). What is Hotel Market Segmentation?

Hotel Marketing 40

Hotel Marketing Marketing Market Revenue Management 40

Clock Software Hospitality

NOVEMBER 3, 2020

Throughout the years this has led to countless innovations in the industry, culminating with the adoption of hotel property management systems (PMS) which now act as the centre of a hotel’s daily operations. Manage Room Inventory Your hotel’s occupancy is the main metric by which you judge how well your business is doing at the moment.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

SiteMinder

MARCH 16, 2023

There’s a range of benefits to having this technology in place at your hotel, mostly based around simplifying your life as a manager or staff member and speeding up a number of processes. It is the easiest way to increase productivity when you manage a hotel or any other type of accommodation.

Overbooking 52

Overbooking Hotels Accommodation Management 52

Hotelogix

OCTOBER 24, 2024

A Central Reservation System (CRS)  helps hotels manage room availability, pricing, and bookings from different channels.   Without it, hotel staff would have to update each room's availability manually which could lead to errors such as overbookings. Why is a Central Reservation System Important for Hotels?

OTA 52

OTA Revenue Hotels Global Distribution System 52

Clock Software Hospitality

NOVEMBER 24, 2020

Hospitality property management systems (PMS) provide independent hotels with the same set of tools that large hotel chains use to manage their own properties. A hotel’s PMS is its core, it is the source of all operations and distribution, containing all relevant data to successfully manage the property.

Upsell 52

Upsell Hotels Accommodation Events 52

eZee Absolute

OCTOBER 16, 2023

Turning Dreams into Reality with eZee’s Solutions Experiencing these challenges, Beach Street Eco Resort & Spa started looking for comprehensive hotel management software that could help them simplify hotel operations. That’s when they turned to eZee.

Resorts 52

Resorts Tourism Fair Share Operations 52

Hotelogix

OCTOBER 19, 2023

Managing daily hotel operations is undoubtedly a complex and stressful task. We are talking about the Hotel Property Management System, also called the Hotel PMS System. Other critical aspects are assigning housekeepers to maintain rooms, managing room-keeping schedules, and tracking inventory such as linen and cleaning supplies. 

Hotels 52

Hotels Revenue OTA Management 52