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. DI can also be more proactive and suggest upsells tailored to guest profiles and booking patterns. Why it’s important for hotels?

Upsell 52

Upsell Occupancy Revenue Management Revenue 52

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. This strategy not only secures bookings but also helps in revenue forecasting and inventory management.

Target Marketing 83

Target Marketing Cancellation Revenue Forecasting 83

STAAH

MAY 16, 2023

Setting the right price for your hotel rooms is crucial for driving revenue and maximizing profitability. Hotel room pricing is a critical element of revenue management for hotels. If you are new to Revenue management and would like to know more, read our in-depth ebook to help you understand better.

Revenue Management 90

Revenue Management Occupancy Upsell Revenue 90

eZee Absolute

SEPTEMBER 26, 2024

No-shows are a recurring challenge in the hospitality industry, but with the right strategies, hotels and resorts can minimize their impact and maximize revenue. In this blog, we’ll explore the concept of no-shows in hotels, their impact on revenue and operations, and discuss effective policies to mitigate their effects.

Cancellation 52

Cancellation Hotels Revenue OTA 52

SiteMinder

JUNE 12, 2024

Yield management is a pricing and revenue management strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. Over time, these roles matured and transformed, giving birth to the modern-day revenue or reservations managers.

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Yield Management Management Revenue Management Revenue 98

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 76

Cancellation OTA Global Distribution System Revenue 76

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. Boosted revenue : Late bookings often come with higher price tags, capitalising on the urgency of the guest’s needs. An occupied room, even at a discounted rate, is better than an empty one.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

Fuel Travel

JULY 11, 2024

It cuts out middlemen, ensuring the best rates for guests and higher hotel revenue. Properties still relying on phone or form bookings are losing revenue, especially amongst younger travelers who are less likely to reach out directly to the hotel. This allows you to optimize rates and sell relevant deals to boost revenue and occupancy.

Upsell 52

Upsell Overbooking Hotels OTA 52

Cloudbeds

FEBRUARY 28, 2024

The reservation system acts as the central hub of the reservation ecosystem, which may also include a website booking engine, channel manager, and revenue management system. When integrated, these modules work together to help hotels manage room availability, distribution, reservations, and revenue. Generate more revenue.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

SiteMinder

OCTOBER 15, 2023

They can also be known as distribution channels and are crucial for ensuring your hotel maintains a healthy occupancy rate and revenue stream. This blog will explain which channels are the most lucrative for your hotel and how you can maximise revenue using them. Here are five ways you can use booking channels to increase revenue: 1.

Global Distribution System 59

Global Distribution System OTA Revenue Hotels 59

Cloudbeds

OCTOBER 17, 2024

While you want them to choose your hotel (and ideally book through your website), you should also aim to maximize the performance of your booking channels to generate more revenue at lower acquisition costs. Hotel management must balance direct and indirect channels to secure a steady stream of bookings whilst increasing revenue.

OTA 76

OTA Occupancy Hotels Revenue 76

Amadeus Hospitality

NOVEMBER 28, 2023

Even highlighting “free cancellation” or other flexible policies can work to enhance the hotel’s sales and revenue strategies. As a hotelier this is a valuable upsell opportunity if you can be creative in how you advertise your property to appeal to both the business and leisure side of the guest experience.

Sales 52

Sales Hotel Sales Events Cancellation 52

STAAH

NOVEMBER 15, 2022

From the accurate representation of preferred OTAs via a channel manager to an easy-to-use and secure website booking engine data collection, revenue management and online review management , anything that gets you a step closer to making the guest experience better , is a must-have for modern hoteliers. Off-season travel.

Hospitality 88

Hospitality OTA Travel Cancellation 88

Travelboom Marketing

SEPTEMBER 1, 2023

Alternatively, less expensive room rates can be redeemed through more aggressive upselling. Considering offering an early check-in, and / or free cancellation to guests that book direct. A hotel loyalty program would amplify these opportunities to upsell. Higher rates can mean more on-site rewards for guests.

Hotels 52

Hotels Upsell Ancillary Revenue Travel 52

Little Hotelier

APRIL 19, 2023

They form a record that can be accessed by both you and your guests, which can bring clarity to reservation changes, cancellations or modifications. Little Hotelier is an all-in-one booking system that can increase hotel revenue by up to 43%. Confirmation emails can also help in a managerial sense.

Cancellation 59

Cancellation Hotels Branding Upsell 59

Hotel Business

SEPTEMBER 14, 2023

Dynamic upsell: Hotels can engage guests in advance of their stay, offering enhancements like early check-in, late checkout and room upgrades. In doing so, hotel owners can now easily unlock new opportunities to boost revenue and their bottom line. Wyndham also debuted its new OTA reconciliation tool.

Average Length of Stay 64

Average Length of Stay OTA Services Revenue 64

Little Hotelier

MARCH 10, 2024

Ultimately, by finding weaknesses or identifying strengths in your competitors, competitive analysis can help you maximise revenue for your own business. This will allow you to offer specific deals, packages, and rates to maximise bookings and revenue. You may be able to implement valuable upsells and add-ons.

Accommodation 52

Accommodation Hotels Services Marketing 52

Little Hotelier

AUGUST 17, 2023

Loss leader rooms can also become profitable through upselling and cross-selling. Bookings must be made directly through the hotel , which means they don’t pay the 15%-25% commission fees charged by OTAs, and the reservations are non-cancellable and non-changeable, so the revenue is locked in as soon as the booking is made!

Hotels 98

Hotels OTA Cancellation Upsell 98

Hotelogix

OCTOBER 19, 2023

It also aids in managing reservation cancellations and modifications, accepting reservations, sending confirmation emails, extending self-service facilities to guests, processing payments, etc. It also helps hotels avoid stock-out situations and eliminate revenue loss that could arise due to item theft or damage. 

Hotels 52

Hotels Revenue OTA Management 52

Cloudbeds

JULY 27, 2023

Trivago’s Free Booking Links provide hoteliers with a unique distribution channel for their website rates and availability, giving them more visibility and the opportunity to generate more direct revenue. It’s worth noticing that you pay the rate per click, regardless of whether the booking is later canceled.

Cost Per Click 52

Cost Per Click OTA Digital Marketing Accommodation 52

Clock Software Hospitality

NOVEMBER 24, 2020

The same goes with the reverse, late cancellations are automatically relisted, allowing the hotel to optimise its revenue potential. An Independent Hotel’s PMS Increases Upsell Potential All hoteliers are looking for ways to increase the lifetime value of their guests, but an upsell is a fickle thing.

Upsell 52

Upsell Hotels Accommodation Events 52

Clock Software Hospitality

NOVEMBER 3, 2020

But as you know it is often easy to book out, if you go low enough with room rates, that said, booking out does not necessarily translate to improved revenue or guest loyalty. Improve Revenue Management Revenue management tools are the height of innovation in hospitality technology.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

Cloudbeds

JULY 15, 2023

For growing hospitality businesses, a channel manager is a fundamental part of successful revenue management and distribution strategy. The same happens with a cancellation. It then pushes ARI updates to that channel and, for two-way sync, it imports reservations/cancellations into your Channel Manager, PMS, and/or CRS dashboard.

Management 76

Management OTA Cancellation Overbooking 76

Clock Software Hospitality

DECEMBER 8, 2020

Read more: Upselling as a Way of Improving Guest Loyalty Casting a wide net is one way to ensure full occupancy but it is hardly a profitable marketing approach in the long run. The new guest acquisition can cost the hotel owner a pretty penny, and there can be no surefire way of establishing how much a guest is going to spend until they do.

Cancellation 52

Cancellation Hotels Services Occupancy 52

Fuel Travel

JANUARY 24, 2023

Improve up-sells – pre-arrival emails are a key way to increase revenue per reservation at your hotel. Hotels using pre-arrival emails reported that 98% of their upsells came via emails before arrival rather than at the front desk. Reduce cancellations with confirmation emails that reassure guests.

Email Marketing 52

Email Marketing Market Marketing Hotels 52

Hotel Speak

OCTOBER 24, 2024

Cloudbeds Intelligence marks a breakthrough in eliminating the traditional silos of hotel management, empowering properties to take specific, data-backed actions across every function of their business – including revenue management, marketing, operations, and guest experience.

Upsell 99

Upsell Hospitality Cancellation Forecasting 99

SiteMinder

JANUARY 8, 2024

Hotel management made easy Streamline hotel management, boost revenue, and enhance guest experience with SiteMinder's smart platform. Revenue management: Depending on the size of the hotel, the task of managing revenue might be given to the general manager or to a dedicated financial officer.

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

Hotel management made easy Streamline hotel management, boost revenue, and enhance guest experience with SiteMinder's smart platform. Revenue management: Depending on the size of the hotel, the task of managing revenue might be given to the general manager or to a dedicated financial officer.

Operations 52

Operations Management OTA Hotels 52

Clock Software Hospitality

NOVEMBER 10, 2020

The lifespan of a guest’s loyalty is at the foundation of revenue optimization strategies, which is why during a travel drought such guests increase their value exponentially. During 2020 loyal guests have doubled their value to the establishment they frequent. What keeps a guest loyal is a topic of debate which never dies down.

Services 52

Services Hospitality Cancellation Upsell 52

Cloudbeds

OCTOBER 23, 2024

Cloudbeds Intelligence marks a breakthrough in eliminating the traditional silos of hotel management, empowering properties to take specific, data-backed actions across every function of their business – including revenue management, marketing, operations, and guest experience.

Hospitality 40

Hospitality Upsell Cancellation Forecasting 40

MediaBoom

APRIL 5, 2024

By engaging these potential travelers during their research phase, travel marketing effectively drives interest, bookings, and revenue for the tourism industry, making it a critical strategy for businesses looking to capitalize on digital consumer behavior. Are you aiming to engage those ready to discover new destinations?

Marketing Strategy 93

Marketing Strategy Marketing Market Travel 93

Hotelier Magazine

JANUARY 24, 2024

He says the systems also provide an opportunity for upgrades, cross-sells or upsells, which might include a better room or a deal on a spa package. Keenan says he’s already able to track how much revenue is generated from certain email campaigns. “We

Business 59

Business Hospitality Email Marketing Management 59

Cloudbeds

JUNE 8, 2023

This year, more properties will invest in technology to help create new revenue opportunities, build better websites , manage marketing campaigns, automate services, and improve the guest experience. To keep it simple, we’ll only consider room revenue. At full occupancy , that’s $6,375 in potential revenue each day. in revenue.

Management 98

Management Hotels Revenue Digital Marketing 98