article thumbnail

What is a bed bank? List of bed bank examples for hotels

SiteMinder

These rooms are then resold to various travel distributors, such as OTAs, tour operators, and travel agents, who then offer them to end consumers. Expand your hotels visibility and reach niche markets Partnering with a global bed bank opens doors to untapped international markets and niche audiences.

OTA 96
article thumbnail

How decision intelligence unlocks hotel data for better insights

Cloudbeds

Operations Scheduling housekeeping and tracking inventory are daily operations that, though repetitive and time-consuming, require a level of analysis that makes them difficult to automate with traditional rule-based systems. Decision intelligence adds the extra capability necessary to fully automate these processes.

Upsell 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

13 ways to attract more direct bookings for your hotel

Cloudbeds

Hotels can bid on metasearch advertising placements and pay when consumers click on the ad. Metasearch differs from OTAs in that you can direct travelers back to your website to drive direct bookings, and it works on a non-commission model; instead, you pay a cost per click (CPC).

OTA 98
article thumbnail

EBITDAR explained: Driving financial health for hotels

Cloudbeds

Real-time data collection and calculation The data consolidation part becomes more efficient if the PMS is part of a suite of applications that automatically collect and send EBITDAR data, eliminating time-consuming manual reconciliations. Improve marketing and distribution Optimize distribution channels to reduce sales commissions.

Revenue 40
article thumbnail

Luxury Hotel Marketing – Top 10 Proven Strategies for Success

MediaBoom

Luxury hotel marketing is a specific type of marketing that is developed to attract a distinct group of consumers. These consumers are seeking exceptional and unique experiences, spacious and well-appointed accommodations, outstanding customer service and the highest quality of everything from food to furnishings.

article thumbnail

Luxury Real Estate Marketing – 15 Innovative Tips for Success

MediaBoom

Personalized Direct Marketing Direct mail marketing is another often overlooked luxury real estate marketing strategy in the digital age, though when executed with a personal touch, it can be quite fruitful. In fact, 25% of consumers actually prefer it over digital advertising.

article thumbnail

Email Marketing for Luxury Brands – Best Strategies for 2024

MediaBoom

Continuous optimization based on this analysis ensures each campaign is more targeted and effective, deepening engagement with luxury consumers over time. The Direct Marketing Association found that this method provides a 122% ROI, much higher than other methods (25% for paid search, 28% for social media).