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. Each hotel must customise its segmentation strategy based on its market, property, and revenue management goals.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

SiteMinder

JUNE 12, 2024

Instead, they’re exploring sophisticated indicators like GOPPAR to gain a holistic view of their operations. This can involve overbooking strategies to account for last-minute cancellations or no-shows. Today’s revenue managers, equipped with advanced tools and analytics, are delving into a more granular level of data.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Hotelier Magazine

JANUARY 24, 2024

We used to take out ads in the newspaper and Yellow Pages,” says Edward Keenan, vice-president, Resort Operations for Clique Hotels & Resorts, of early efforts to attract guests. Or is it more important to streamline workflow to improve operational efficiency and productivity?

Business 59

Business Hospitality Email Marketing Management 59

Cloudbeds

MARCH 20, 2023

Hotel market segmentation is the process of grouping hotel guests into categories based on shared behavior and characteristics. It is a fundamental process of revenue management, but also brings benefits to marketing, operations, and the guest experience. Save operational costs. Save operational costs.

Hotel Marketing 52

Hotel Marketing Marketing Market Average Daily Rate 52

Inn Quest

AUGUST 15, 2023

Cancellation and Modification Handling: Furthermore, when a booking is canceled or modified, the hotel channel manager immediately updates the information across all connected channels and the PMS. This real-time synchronization ensures that no rooms are incorrectly held for canceled bookings across the entire distribution network.

Management 52

Management Global Distribution System Overbooking OTA 52

Little Hotelier

NOVEMBER 18, 2024

Hotels that don’t charge a deposit are typically smaller, independently run operations, such as boutique hotels, B&Bs and hostels. 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.

Motels 52

Motels Hotels Cancellation Target Marketing 52

Cloudbeds

JANUARY 10, 2025

Most metasearch sites operate in a similar way. Additional booking details may also be provided, such as the cancellation policy, amenities, and inclusions like free breakfast or Wi-Fi. Depending on the site, hotels may also be able to add marketing messaging such as free cancellation or complimentary breakfast.

Cost Per Click 52

Cost Per Click Market Marketing OTA 52

Hotelogix

OCTOBER 18, 2023

It's a comprehensive solution that empowers your hotel to optimize operations, deliver exceptional guest experiences, and thrive in a competitive industry.  👉At its core, a Hotel Reservation System centralizes and automates the booking process, simplifying guest interactions and hotel operations. 

Business 40

Business Global Distribution System Cancellation Hotels 40

Cloudbeds

AUGUST 8, 2024

With business intelligence, you have the knowledge to drive hotel operations, increase your revenue, and enhance your guest experience. We’ll cover several different types of hotel performance data, including reservation behavior, revenue management , finance and accounting, operational, and marketing data.

Business 40

Business Revenue Management Forecasting Revenue 40

eZee Absolute

MAY 13, 2024

An RMS is a comprehensive software solution designed to analyze various data points, including historical booking patterns, market demand, competitor pricing, and other factors that influence revenue generation for your hotel. For example: A hotel’s booking pace report for the upcoming month falls short of the occupancy target.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

SiteMinder

JULY 13, 2024

The most successful hoteliers are savvy operators who continually look for ways to learn and improve the way they do things, gaining an edge over the competition. Take advantage of the shifting market and raise your rates compared to keeping them static in order to earn more revenue.

Revenue Management 98

Revenue Management Revenue Management OTA 98

eZee Absolute

JANUARY 9, 2023

Which is why it is imperative to offer flexible booking options, such as the ability to easily change or cancel reservations. Elegan offers flexible booking options that allow guests to change or cancel their reservations up to 24 hours before their arrival date without any penalties. No doubt, it is going to be a major selling point.

OTA 52

OTA Hotels Accommodation Travel 52

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. Each hotel must customise its segmentation strategy based on its market, property, and revenue management goals.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Little Hotelier

FEBRUARY 22, 2023

Develop your hostel standard operating procedures (SOPs). If you buy an operational hostel, a lot of the groundwork will already be done, which means far less work and a faster route to revenue. Does the hostel’s current target market match your ideal target market? Is the property an appropriate size?

OTA 52

OTA Business Hiring Market 52

MediaBoom

APRIL 5, 2024

The Strategy Behind Successful Influencer Partnerships Choosing the Right Influencers : The effectiveness of an influencer partnership hinges on alignment between the influencer’s audience and the travel brand’s target market. BB represents a successful application of chatbots in enhancing customer service and operational efficiency.

Marketing Strategy 88

Marketing Strategy Market Marketing Travel 88