Little Hotelier

JUNE 30, 2023

What is the Expedia cancellation policy? Expedia provides a cancellation policy that allows users to cancel or modify their reservations without any charges or penalties within the first 24 hours. This can help to mitigate potential revenue losses from cancellations.

Cancellation 52

Cancellation Revenue Revenue Management Management 52

STAAH

DECEMBER 13, 2023

Flexible Rate or Free Cancellation – the most popular rate types among our guests. This rate plan offers guests the option to cancel their booking for free up to 5 days before their check-in date, making it an attractive choice for those seeking flexibility. This rate plan is often preferred by price-sensitive travellers.

Cancellation 105

Cancellation Marketing Market Revenue 105

STAAH

MAY 24, 2023

3)Identifying traveller type: Market insights enable hoteliers/accommodation providers to categorize guests based on various criteria such as family travellers, international tourists, business travellers, etc.

Market 98

Market Marketing Cancellation Accommodation 98

Hotel Business

SEPTEMBER 3, 2024

By Rohith Kori Recent media reports show that the recent global IT breakdown caused widespread disruption to travel plans, impacting both travelers and industry professionals. It was also reported that Delta Airlines canceled more than 4,800 flights since the outage happened. This presents several significant challenges.

Cancellation 104

Cancellation Revenue Hotels Travel 104

STAAH

JUNE 11, 2024

On one side, you have OTAs (online travel agents) that are vital distribution partners to liquidate unsold inventory and put heads in beds. Customer trust: Many travellers trust OTAs due to their established reputation and user-friendly platforms. Ensure rate parity across all platforms to maintain trust and avoid penalties from OTAs.

OTA 110

OTA Shopping Occupancy Overbooking 110

SiteMinder

MAY 16, 2023

SiteMinder’s most recent Changing Traveller Report found that 36% of global travellers plan to incorporate work on their next trip. It’s also projected that by 2035 there will be a billion digital nomads travelling the globe. What are the benefits of offering midterm rentals during the summer months?

Average Length of Stay 105

Average Length of Stay Occupancy Average Daily Rate Revenue 105

SiteMinder

SEPTEMBER 6, 2023

These bookings often occur due to sudden travel plans, business needs, or even whimsical decisions to take a quick getaway. While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. This adds a layer of reliability to your occupancy rates.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

Hotelogix

OCTOBER 7, 2024

  Furthermore, the city's status as a key business hub in the region ensures a steady flow of business travelers, contributing to the consistent demand for hotel accommodations. In Riyadh, the industry will benefit from major infrastructure projects, including the Riyadh Metro and King Salman Park. 

Cancellation 52

Cancellation Tourism Hotels Operations 52

STAAH

AUGUST 6, 2024

Have you ever wondered how travel agents can instantly find the perfect hotel for a last-minute business trip or secure the best rates for a corporate client? The answer lies in the use by over 600,000 Travel Agents of one of the 4 Global Distribution Systems (GDS) – Sabre, Galileo, Amadeus or Worldspan. How Does GDS Work?

Global Distribution System 115

Global Distribution System Travel Business Services 115

Hotel Speak

SEPTEMBER 26, 2024

Commentators have been predicting this for a while, citing the comedown of post-Covid ‘revenge travel’ and inflationary pressures ( PwC ). Certainly rates and occupancy grew very nicely in 2023, but we reached a plateau where we couldn’t really push rates any further,” Jon Siberry, Group Revenue Manager of Sarova Hotels explained. “Any

Market 104

Market Marketing Hotels Forecasting 104

SiteMinder

JUNE 12, 2024

Learn more Yield management vs revenue management The goal of yield management is not merely to increase room rates or occupancy; rather, it’s to maximise your hotel’s revenue by forecasting your room supply and demand across a variety of key factors. Our smart hotel platform helps you do exactly that. in one day, week, or month.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

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. The consequences can greatly impact the revenue streams, occupancy rates, and guest satisfaction. In the fast-paced world of travel planning, it’s easy for details to slip through the cracks.

Cancellation 52

Cancellation Overbooking Occupancy Hotels 52

SiteMinder

MAY 25, 2023

Additional data shows that over 80% of travel bookings are abandoned, compared to the general average of around 70%. The bottom line is that hotels can lose millions of dollars in revenue due to abandonment, especially when you also consider that guests may book a room before delaying payment, and then cancelling altogether.

Revenue 98

Revenue Cancellation Hotels Accommodation 98

STAAH

MAY 30, 2023

With the rise of online travel sales and the influence of e-commerce and review sites, accommodation providers must adapt to the evolving distribution landscape. 8) Online Travel Agents (OTAs): Working with multiple online travel agents (OTAs) is crucial for increasing digital distribution and overall occupancy.

OTA 98

OTA Hotels Revenue Travel 98

Hotelogix

JANUARY 30, 2024

The report also covers cancellations, no-shows, and temporary reservations for the day. Additionally, it includes reports on no-shows, occupancy, market analysis, company contributions, business analysis, MIS, and a manager flash report with budget details for comprehensive analysis.

Occupancy 59

Occupancy Average Daily Rate Hotels Revenue 59

Cloudbeds

MAY 8, 2024

Searching for demand patterns for your property is like traveling to the past and then going to the future to forecast how to set up your hotel for success. It also shows what type of guests are staying at your hotel and even what booking channels (direct, online travel agencies (OTAs), etc.) What is booking performance?

Cancellation 52

Cancellation Revenue Revenue Management Occupancy 52

Inn Quest

MAY 11, 2023

With travel restrictions lifted, hotels are gearing up to welcome guests again. 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.

Revenue 88

Revenue Occupancy Hotels Marketing 88

SiteMinder

NOVEMBER 15, 2022

Some hoteliers love using this strategy to boost their revenue and protect their property from losing out due to last-minute cancellations. However, you can minimise the risk of having to walk travellers if you have a solid overbooking strategy. Check your data to see how many cancellations and no-shows you can expect.

Overbooking 52

Overbooking Cancellation Occupancy Closing 52

STAAH

NOVEMBER 8, 2022

Like many other areas in travel and hospitality, revenue management has dramatically changed in the last two years. With most hoteliers still relying on domestic travellers, the prime booking window is 0-3 days for business properties, out of which same day booking is the strongest,” says Kamal Kishore from Redsky Hospitality.

Revenue Management 98

Revenue Management Revenue Management Forecasting 98

TravelNet

DECEMBER 19, 2022

Introduction Whimstay is the leading vacation rental marketplace for PMCs looking to increase occupancy rates by filling their unsold nights, last minute. Whimstay offers exclusive discounts to travelers on expiring inventory while driving additional revenue. Partnership Briefly describe what your company does. Simple and seamless.

Cancellation 52

Cancellation Occupancy Revenue Services 52

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Table of contents Hotel statistics that matter in 2024 The travel industry is set for strong recovery in 2024 , which is good news for hoteliers, with some positive statistics already showing up.

Occupancy 59

Occupancy Hotels Revenue Cancellation 59

eZee Absolute

SEPTEMBER 22, 2023

In this blog, we’ll break down the various hotel rate types, and how they can benefit your business and provide actionable strategies for you to maximize your revenue and occupancy. Non-Refundable Rates: Non-refundable rates are typically lower than standard rates but come with stricter cancellation policies. So, let’s dive in!

Revenue 52

Revenue Management Occupancy Revenue Management 52

Cloudbeds

OCTOBER 17, 2024

When planning a trip, travelers browse dozens of properties across multiple websites before landing on their final pick. A basic strategy might involve listing your property on a few key online travel agencies (OTAs) like Airbnb and Booking.com and leaving it at that. That’s the essence of a hotel distribution strategy.

OTA 76

OTA Occupancy Hotels Revenue 76

SiteMinder

SEPTEMBER 7, 2023

Reservation cancellation fees These are charged when guests cancel their bookings, especially if done at the last minute. Extra person fees For rooms exceeding the standard occupancy, an extra person fee is charged to cover the additional costs of amenities and services.

Revenue 105

Revenue Hotels Services Cancellation 105

SiteMinder

NOVEMBER 30, 2023

What are travel statistics? Travel statistics refer to data and information related to various aspects of the travel industry, such as travel trends, traveller behaviour, tourism spending, accommodation metrics, and more. Some highlights include: Air travel passengers are expected to reach 9.4

Travel 52

Travel Accommodation Tourism Hotels 52

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). What is Hotel Forecasting? How do we Forecast Demand?

Forecasting 52

Forecasting Average Daily Rate Occupancy Revenue Management 52

SiteMinder

OCTOBER 10, 2024

What is corporate travel management? Corporate travel management (CTM) is a service that organises and coordinates travel for businesses. CTM aims to reduce travel-related admin, improve travel efficiency, and streamline expenses. What are corporate travel managers?

Management 52

Management Travel Hotels Business 52

SiteMinder

DECEMBER 1, 2024

This is a common payment option with corporate travellers and tour groups. Managing complex room invoicing scenarios Choose an invoicing tool that can handle situations like group stays, extended stays, cancellations, split payments and bundled services like packages or events.

Hotels 52

Hotels Revenue Accommodation Management 52

Cloudbeds

FEBRUARY 28, 2024

When travelers make a hotel reservation, they expect a seamless experience , or they may decide to stay elsewhere. For hotels, meeting this expectation means moving away from manual processes and investing in booking software that allows travelers to book a room when they want on the channel of their choice. Generate more revenue.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

SiteMinder

OCTOBER 8, 2024

Hotelbeds is a Spain-based, B2B-focused wholesale travel platform that provides a range of B2B travel solutions. is a slightly complicated one, because the business serves a wide range of customers, including hotels, chains, tour operators and travel agencies. The answer to the question of “what do Hotelbeds do?”

B2B 52

B2B Occupancy Cancellation Hotels 52

Hotelogix

NOVEMBER 12, 2023

Plus, it also provides you with information on rooms per day (RPD) and occupancy percentage for the past 10 days and its forecast for the next 30 days. You can also view the number of rooms that are marked as available, occupied, complementary, cancelled, no-show, day use, etc. You can run the report by check-in or checkout date.

Management 59

Management Occupancy Revenue Average Daily Rate 59

SiteMinder

NOVEMBER 15, 2022

Google is no longer just a search engine and a verb, but also one of the top places where travellers begin their hotel search. The same applies to Google’s hotel product, which provides users with a simple way to browse and explore hotel options wherever they may want to travel. What is the conversion rate?

Cost Per Click 105

Cost Per Click Hotels Management Cancellation 105

Little Hotelier

OCTOBER 11, 2023

For hoteliers, peak travel season is all about making hay while the sun shines. By positioning yourself as the first choice for your target guest, you can charge a higher rates for your rooms – which guests will be more willing to pay given they are competing against so many other travellers.

Maximum Length of Stay 52

Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 52

Little Hotelier

AUGUST 29, 2023

Prioritising your investments correctly will ensure your budget spend is contributing towards increased revenue and occupancy rates. Connecting To Online Travel Agents Partnering with a variety of online travel agents is necessary for B&Bs to connect with global customers. Your occupancy rates? Your direct bookings?

ROI 98

ROI Hotels Average Length of Stay Revenue 98

Travel Media Group

DECEMBER 9, 2021

In this episode, host Ryan Embree takes a look at the types of compelling posts that you can create around the winter season in order to engage travelers who are traveling for the holidays. For some hotels, this is actually where occupancy picks up a little bit. It is dubbed the most wonderful time of the year.

Occupancy 52

Occupancy Events Hotels Travel 52

eZee Absolute

SEPTEMBER 26, 2024

It’s when a guest books a room but simply doesn’t turn up without canceling. You’ve got the solo traveler who forgets about the booking, the big group that cancels last minute, and then there’s the mysterious disappearance act – no clue why they didn’t show up. The secret weapon is data.

Cancellation 52

Cancellation Hotels Revenue OTA 52

TravelNet

AUGUST 3, 2023

Managing fees on online travel agencies (OTAs) can be a real headache for property managers. While OTAs charge a specific percentage on bookings, the advantage of using their marketing muscle means more bookings and occupancy. You also need to cover your expenses—from commission rates to housekeeping.

OTA 98

OTA Management Occupancy Services 98