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. This strategy aims to ensure maximum occupancy.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

eZee Absolute

JANUARY 15, 2025

Despite its allure, Hotel 7 Rays was grappling with operational inefficiencies that seemed minor at first but grew into significant concerns over time: Manual Reporting Hassles: Preparing weekly and monthly reports was a time-consuming task that ate into valuable management hours. The result? Weekly and monthly data? Just a few clicks away.

Management 52

Management Overbooking Hotels Operations 52

Little Hotelier

APRIL 28, 2023

This meant that keeping room inventory up to date across all distribution channels was difficult and time-consuming. Overbooking was a common occurrence. There was always the risk of overbooking. We still had overbookings all the time,” said the motel owner-operators.

Motels 52

Motels Overbooking Hotels OTA 52

SiteMinder

MAY 17, 2023

. “We can easily adjust pricing based on occupancy, seasons, or during high-demand periods such as public holidays or long weekends. We can also plan reservations and sales in advance with ease.” “SiteMinder provides us with the ability to make real-time pricing changes and analyse consumer booking patterns.

Revenue 52

Revenue Operations Overbooking Online Sales 52

Hotel Speak

JULY 24, 2024

Effective hotel distribution strategies enable hotels to target the right audience, optimise occupancy rates, and enhance revenue management. Metasearch presents room rates across different hotels and channels to allow consumers to compare prices. Hotel distribution has always been a critical aspect of the hospitality industry.

OTA 101

OTA Hotels Revenue Marketing 101

Hotelogix

OCTOBER 24, 2024

It analyses several factors including demand, season, occupancy forecast, and competitor pricing, etc. This would lead to overbooking and double booking. This is a time-consuming process and does not guarantee a real-time update. This too, helps you avoid overbooking and double booking. Now you know what a Hotel PMS is.

OTA 52

OTA Management Overbooking Cancellation 52

Inn Quest

AUGUST 15, 2023

Hotels face a daunting challenge as travelers seek convenience and competitive prices: how to efficiently manage their room inventory across multiple online distribution channels while maintaining real-time updates and avoiding overbooking. Maximize your occupancy and avoid overbookings by centralizing your inventory and pricing.

Management 52

Management Global Distribution System Overbooking OTA 52

Little Hotelier

OCTOBER 30, 2024

It allows you to automate time-consuming tasks, reduce manual work, and keep everything—from bookings to payments—in one place. This will save you from the hassle of manual updates and reduce the risk of overbookings or missed payments. This tool helps automatically adjust room rates based on demand, competition, and occupancy.

OTA 59

OTA Motels Upsell Overbooking 59

Cloudbeds

APRIL 30, 2024

A brief history of room price optimization Given the multitude of factors to consider and the analysis required, establishing accurate real-time room prices for your property may seem complex and time-consuming. Prices change dynamically (hence the name) using real-time data to maximize your revenue and occupancy rates. Competition.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

Xotels

APRIL 3, 2024

Guest & Market Segmentation Hotel market segmentation is an important component of effective revenue management, allowing hotels to target diverse consumer groups based on their behaviours and budget levels. Mapping out these questions out in your strategy will help to set realistic goals.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Cloudbeds

APRIL 15, 2024

The hospitality industry is notorious for the number of time-consuming and tedious tasks that must be completed every single day. Automation plays a critical role in distributing inventory across various channels, ensuring that availability and rates are consistently updated across channels in real-time to reduce the risk of overbookings.

Revenue Management 98

Revenue Management Hotels Operations Revenue 98

Cloudbeds

FEBRUARY 28, 2024

If the components aren’t integrated, the revenue manager must perform these tasks manually, a time-consuming and error-prone process. This will help you increase occupancy, maintain rate parity, and prevent pricing errors, overbookings, and lost sales. Automate your credit card payment processing.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

Cloudbeds

APRIL 8, 2024

Many hoteliers question if it’s worthwhile investing in a direct booking strategy or if they can solely rely on online travel agencies (OTAs) like Airbnb, Booking.com, or Trip.com to fill occupancy. With the Cloudbeds Booking Engine, your PMS and Channel Manager are automatically updated to prevent overbookings.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

SiteMinder

JUNE 29, 2023

Without a channel manager, individually updating rates, availability, and content on each OTA would be too time-consuming and more prone to mistakes. The expanded reach of your hotel attracts millions of potential guests, boosts online bookings, and maximises room occupancy. How does an OTA channel manager work?

OTA 52

OTA Management Revenue Occupancy 52

Cloudbeds

JULY 15, 2023

And even then, manually-managed distribution is risky: any delays in updating rates and availability on a channel’s extranet could mean selling a room that isn’t available or selling at a lower rate, which can lead to overbooking and sub-optimal yield management. In the case of one-way sync, reservations or cancellations will not be imported.

Management 76

Management OTA Cancellation Overbooking 76

Little Hotelier

MARCH 10, 2024

Features Streamlined booking management : Little Hotelier’s intuitive system simplifies booking and reservation management for small hotels, ensuring easy tracking of availability and confirmations, thus minimising overbooking and enhancing guest check-in experiences.

Hotel Sales 52

Hotel Sales Sales Revenue Management Revenue 52

eZee Absolute

OCTOBER 16, 2023

This not only made day-to-day operations more complicated and time-consuming but also restricted the resort’s capacity to expand its business. Increased Bookings and Revenue: eZee’s reservation management system eliminated the chaos of overbookings and cancellations, leading to increased bookings and improved revenue.

Resorts 52

Resorts Tourism Fair Share Operations 52

Cloudbeds

JUNE 8, 2023

From increasing occupancy to generating direct bookings and increasing ADR, lodging operators have a lot on their plate. At full occupancy , that’s $6,375 in potential revenue each day. At its average occupancy rate of 72%, the average revenue per night is $4,590. No more overbookings. of revenue per hour.

Management 98

Management Hotels Revenue Digital Marketing 98

Hotelogix

OCTOBER 19, 2023

It improves a hotel's online visibility and sales while eliminating overbooking.  The primary objective is to help hotels sell more at the best rates to the right guest to boost occupancy and revenue.    Booking Engine: It aids in generating more direct bookings via the hotel's website and Facebook pages.

Hotels 52

Hotels Revenue OTA Management 52

Hotelogix

SEPTEMBER 5, 2024

For example, a cloud based Hotel PMS ensures that bookings are accurately recorded, reducing the chances of overbooking or double-booking rooms. Tasks Worth Automating for Smart Hotel Automation Automated Hotel Check-In and Check-Out Processes The traditional check-in and check-out process can be time-consuming and prone to errors.

Hotels 40

Hotels Operations Management Services 40

Hotelogix

SEPTEMBER 5, 2024

For example, a cloud based Hotel PMS ensures that bookings are accurately recorded, reducing the chances of overbooking or double-booking rooms. Tasks Worth Automating for Smart Hotel Automation Automated Hotel Check-In and Check-Out Processes The traditional check-in and check-out process can be time-consuming and prone to errors.

Hotels 40

Hotels Operations Management Services 40

SiteMinder

OCTOBER 11, 2022

From collating data in one place to automation processes – these are key to ensuring time-consuming activities are completed quickly, boosting overall efficiency. A PMS also significantly reduces the risk of overbooking your rooms, directly improving the guest experience at your property.

Hotels 52

Hotels Management Revenue Management Revenue 52

Little Hotelier

OCTOBER 21, 2024

When you’re owning and operating your bed and breakfast, managing these systems can quickly become a painful time-consuming task in itself! This avoids overbookings while maximising exposure. These allow you to track room demand, occupancy rates, and competitor pricing, enabling you to adjust rates dynamically.

OTA 52

OTA Hotels Management Revenue 52

Cloudbeds

APRIL 23, 2024

From conferences to weddings and production crews, securing group business is a surefire way for hotels to fill occupancy months in advance. Management tools also streamline the time-consuming RFP process, making it easier to templatize and respond to RFPs fast. Groups are one of the most lucrative segments for hoteliers.

Business 52

Business Events Hotels Sales 52

Xotels

APRIL 3, 2024

Guest & Market Segmentation Hotel market segmentation is an important component of effective revenue management, allowing hotels to target diverse consumer groups based on their behaviours and budget levels. Mapping out these questions out in your strategy will help to set realistic goals.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

MediaBoom

MARCH 14, 2024

A staggering 75% of consumers admit to judging a business’s credibility based on its website design. By tracking demand trends, booking patterns, and competitor pricing, hotels can adjust their rates dynamically to maximize occupancy and revenue. Here’s how video marketing can be a game-changer for hotels in the digital age.

Digital Marketing 68

Digital Marketing Services Market Marketing 68

SiteMinder

AUGUST 29, 2023

Think about introducing occupancy sensitive cooling and heating systems that adapt to when people are present in the room. This minimises the amount of administrative time that needs to be spent updating the various booking channels, decreases operational costs and virtually eliminates the risk of overbooking rooms at exclusive properties.

Revenue 52

Revenue Hotels OTA Operations 52

Catala Consulting

FEBRUARY 24, 2025

Each of these channels plays a critical role in a hotels ability to maximize occupancy and revenue. Hotels that leverage these technologies reduce overbooking, optimize revenue, and maintain a balanced distribution mix. Leverage OTA Promotions Strategically Use OTA deals only during low occupancy periods.

Global Distribution System 52

Global Distribution System OTA Forecasting Revenue Management 52

SiteMinder

MARCH 16, 2025

With occupancy rates projected to increase by 2.5% In a highly competitive industry, even small improvements in service quality can lead to higher occupancy rates and repeat bookings. This is particularly important as hotels focus on sustainability and energy efficiency to meet modern consumer expectations.

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Hotelogix

JANUARY 12, 2025

However, managing multiple platforms manually can be time-consuming and prone to errors, like double bookings or inconsistent pricing. Avoid overbooking by ensuring availability updates are instant. At this point  Channel Manager becomes invaluable.

OTA 52

OTA Hotels Travel Management 52