Hotelogix

DECEMBER 17, 2024

Studies show that hotels lose up to 20% of their annual revenue to chargebacks caused by guest disputes, unclear cancellation policies, and OTA-related miscommunication. For hoteliers, this doesn’t just mean lost revenue—it also leads to operational inefficiencies and added pressure on staff.

Revenue 40

Revenue Cancellation OTA Hotels 40

Hotel Speak

FEBRUARY 6, 2025

.” This delightful term perfectly captures a travel trend the 80 DAYS team have identified in their latest report : travellers, particularly those in the coveted Zillennial demographic (born 1990-2000), are prioritising relaxation and literally “doing nothing” on their trips.

Ancillary Revenue 105

Ancillary Revenue Cancellation Hiring Travel 105

Cloudbeds

NOVEMBER 15, 2024

If there’s a sudden change, for example, an influx of last-minute bookings hits the system, the platform can enable revenue managers to adjust room rates dynamically to maximize revenue. Why it’s important for hotels? Traditional analysis, however, has limitations, as it tends to correlate single factors in isolation.

Upsell 105

Upsell Occupancy Revenue Management Revenue 105

STAAH

NOVEMBER 28, 2023

Effectively plan and reach your business goals for 2024 with these smart revenue management and distribution tips. To cope with a highly dynamic market , improve efficiency and meet the evolving needs of guests, there have been some shifts in revenue management and distribution.

Revenue 104

Revenue Revenue Management Cancellation Hotels 104

Hotel Business

FEBRUARY 22, 2023

SiteMinder’s new Hotel Booking Trends report, a hotel commerce data analysis of more than 36,000 hotels and 450+ connected booking integrations, has revealed travelers booked their trips on average eight days earlier, and canceled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.

Travel 102

Travel Average Length of Stay Average Daily Rate Cancellation 102

SiteMinder

NOVEMBER 22, 2023

What is a hotel cancellation policy? A hotel cancellation policy outlines the terms under which a guest can cancel their booking without incurring a penalty, as well as those scenarios where there will be a fee associated with a cancellation.

Cancellation 59

Cancellation Hotels Revenue Management 59

Little Hotelier

MAY 31, 2023

What is the Booking.com cancellation policy? The Booking.com cancellation policy outlines the terms and conditions that apply when a guest cancels a reservation at your hotel. It includes specifics about refund procedures, penalties, and fees associated with cancellations.

Cancellation 52

Cancellation Revenue OTA Business 52

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. These guests look to travel to bucket-list destinations and stay longer (who knows when the next virus will hit?!). Shorter lead times.

Revenue Management 98

Revenue Management Revenue Management Forecasting 98

Hotel Speak

MAY 30, 2024

The hospitality and travel industry is experiencing a spending surge, with online travel agencies (OTAs) like Expedia Group, Booking Holdings, Airbnb, and Trip.com Group collectively spending a record $4.08 However, Airbnb’s marketing spend as a percentage of revenue (24%) has dipped slightly compared to the previous year.

OTA 103

OTA Marketing Market Travel 103

Hotel Speak

DECEMBER 11, 2023

Effectively plan and reach your business goals for 2024 with these smart revenue management and distribution tips. To cope with a highly dynamic market , improve efficiency and meet the evolving needs of guests, there have been some shifts in revenue management and distribution.

Revenue 78

Revenue Revenue Management Cancellation Hotels 78

SiteMinder

JULY 13, 2024

What is hotel revenue management? Hotel revenue management is the strategic distribution and pricing tactics used to sell perishable room inventory to the right guests at the right time in order to boost revenue growth. What is the primary purpose of revenue management? Revenue management is essential for any hotel today.

Revenue Management 98

Revenue Management Revenue Management OTA 98

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

Little Hotelier

APRIL 28, 2023

What is a hotel cancellation policy? Hotel cancellation policies offer hotel guests the opportunity to cancel their booking up until a certain amount of days before check-in. Once this date has passed, the hotel might charge the guest a set cancellation fee, a percentage of the booking, or the full amount.

Cancellation 52

Cancellation Hotels Events Revenue 52

Hotel Management

MAY 22, 2024

trillion travel market. We know Expedia Group has valuable travel insights. What are you seeing in terms of the global travel outlook? The global travel market is currently worth US$2.3 The global travel market is currently worth US$2.3 trillion and it will probably be somewhere in the region of US$3.2-US$3.5

Travel 130

Travel OTA Marketing Market 130

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

Hotelogix

APRIL 4, 2025

Pro Tip : A whopping 62% of Gen Z travelers are already using AI to save money on travel. But don’t just follow the crowd—use this as a starting point and adjust based on your destination and travel dates.  Season smart: Traveling during shoulder season can save you a bundle.

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52

Inn Quest

MAY 11, 2023

With travel restrictions lifted, hotels are gearing up to welcome guests again. However, one of the biggest challenges hoteliers face is determining the right pricing strategies to maximize their revenue in the post-pandemic world. This can boost revenue by ensuring that every available room generates income for the hotel.

Revenue 88

Revenue Occupancy Hotels Marketing 88

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. Non-refundable Rate – designed to secure more bookings and guarantee revenue.

Cancellation 104

Cancellation Marketing Market Revenue 104

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.

Cancellation 104

Cancellation Revenue Hotels Travel 104

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 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. How to view Market Insights in STAAH MAX?

Market 98

Market Marketing Cancellation Accommodation 98

SiteMinder

SEPTEMBER 26, 2022

World Tourism Day 2022: SiteMinder launches annual Changing Traveller Report, the largest accommodation-specific traveller survey globally. The Digital Influence Trend: Right now, travellers are the most winnable consumers on earth. The Digital Influence Trend: Right now, travellers are the most winnable consumers on earth.

Accommodation 98

Accommodation Travel Intent Cancellation 98

Cloudbeds

NOVEMBER 24, 2024

With the right technology, these contactless experiences can not only enhance guest satisfaction , making it easier for travelers to get what they need, but also streamline internal workflows, making day-to-day hotel operations effortless for teams. UPSELL PLAYBOOK Discover ways to increase revenue throughout the guest journey.

Upsell 98

Upsell Services Operations Accommodation 98

STAAH

DECEMBER 12, 2023

Here are 8 smart pricing strategies for hotels to boost revenue and drive more bookings during the holiday season The holiday season marks a period of increased travel, festive cheer, and heightened demand in the hospitality industry.

Target Marketing 104

Target Marketing Cancellation Revenue Forecasting 104

STAAH

JULY 12, 2023

1) Stand out to travellers on Expedia Group sites with refundable rates Flexibility is a major priority for travellers today. Over a half of travellers who responded to a recent Expedia Group survey said they would not book non-refundable accommodation, even if it was discounted.* Read her story. Get started today!

Cancellation 98

Cancellation General Manager Travel Marketing 98

gcommerce

APRIL 2, 2025

It took the risk out of running this type of media campaign from Google by allowing hotels to remove cancelled bookings from the commission payments. rise in revenue per available room (RevPAR). These updates introduce advanced trip-planning tools, making travel research more seamless. Demand surged to 4.8

59

59

Little Hotelier

NOVEMBER 6, 2023

What is hotel revenue optimisation? As a small, independent hotelier you may have heard the terms hotel revenue optimisation and hotel revenue management. So what is revenue optimisation? Do all that and you’ll optimise your revenue by making as much money as possible from a limited resource: your rooms.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

STAAH

AUGUST 11, 2024

Renowned for its exceptional service standards, Sayaji Group of Hotels is a sophisticated collection of 15 individually designed hotels catering to both leisure and business travellers with stylish guest rooms and versatile meeting facilities across 11 Indian cities. 30% increase in revenue. 40% – 60% increase in direct bookings.

Occupancy 109

Occupancy Revenue Cancellation Services 109

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

MARCH 27, 2025

As labor shortages persist and travelers become increasingly price-sensitive, 2025 is emerging as the year of optimizing performance with hostel operators under pressure to improve efficiency and profitability. This could indicate travelers increased confidence in sharing spaces.

40

40

STAAH

JUNE 6, 2023

To make this possible having a robust online booking system is really important to help you reach your revenue goals. 2) Boost your Revenue: Direct bookings generated through a hotel booking engine can significantly boost revenue. You can easily set up your booking cancellation policy on STAAH Booking Engine.

Cancellation 98

Cancellation OTA Global Distribution System Revenue 98

STAAH

JUNE 18, 2024

It’s about enhancing the guest experience and boosting your revenue. The more intuitive and easier your booking process is, the easier it will be for hotels to compete with online travel agents (OTAs) for direct bookings. Allow guests to easily modify or cancel their bookings online.

Cancellation 104

Cancellation OTA Overbooking Accommodation 104

Hotel Business

SEPTEMBER 9, 2024

by Frank Pitsikalis Travel disruptions have always presented significant challenges for both travelers and hoteliers. Extreme weather events, such as hurricanes or severe snowstorms, can ground flights and strand travelers. Unexpected and uncontrollable external events abound.

Travel 52

Travel Cancellation Scale Accommodation 52

Hotelogix

DECEMBER 25, 2023

Hotel PMS System, or hotel management software, is crucial for generating more revenue.   To increase hotel revenue, you must start with the right Hotel PMS System - a cloud one. It should be your very first step towards achieving your revenue goals. Ultimately, all these result in more sales and revenue. 

Revenue 59

Revenue Sales Shopping Hotels 59

Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Why is Revenue Management Imperative for Resorts?

Revenue Management 52

Revenue Management Revenue Resorts Management 52

STAAH

MAY 30, 2023

In today’s digital age, effective hotel distribution and pricing strategies are crucial for maximizing revenue and staying competitive. 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.

OTA 98

OTA Hotels Revenue Travel 98

eZee Absolute

MAY 13, 2024

Well, the answer lies in how well you’re using your Hotel Revenue Management System (RMS) reports. But with so many reports available, how do you find the ones essential for maximizing your hotel’s revenue? By utilising these RMS reports, revenue managers can make informed decisions to adjust pricing strategies accordingly.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52