Hotel Speak

JULY 4, 2024

July 3, 2024— DerbySoft , specialists in high-performance distribution services, announced a new partnership with IDeaS , a SAS company, provider of hospitality revenue management software and services, that strategically provides operational and revenue-enhancing benefits for hotels of all types.

Revenue 105

Revenue Revenue Management Forecasting Overbooking 105

SiteMinder

NOVEMBER 17, 2023

We recently chatted with Jon Murphy, Consultant Revenue Director supporting the Kaleidoscope Collection, about how the brand benefits from working with an industry-leading hotel commerce platform. Preparing the revenue pack for our weekly meetings is a big part of my role. But adding partners used to be challenging.

Revenue 98

Revenue OTA Overbooking Online Sales 98

STAAH

MARCH 17, 2024

The Indian hotel no longer struggles with the aftermath of manual inventory and rate management, including overbookings and loss of staff efficiency. This activity was time-consuming for the team and opened the door to issues such as unintentional overbooking or lost revenue due to delayed rate updates.

Overbooking 104

Overbooking OTA Revenue Upsell 104

SiteMinder

MAY 21, 2023

This has minimised revenue loss from vacant rooms while maximising our occupancy rates.” This eliminates manual updates, increases bookings and revenue, and eliminates concerns about overbooking or missing bookings. Previously, the resort handled all tasks manually, which was time-consuming.

Resorts 98

Resorts Overbooking Yield Management OTA 98

STAAH

MAY 7, 2023

Rates and bookings were manually entered , which was highly time-consuming for the staff. Efficiency has become a key to success STAAH’s platform has made it easy for Airways Hotel to manage availability and restrictions, resulting in increased revenue and an enhanced guest experience. The results are clearly visible.” “We

Overbooking 98

Overbooking General Manager Revenue Hotels 98

Hotel Speak

OCTOBER 10, 2024

By combining Cloudbeds’ innovative property management system (PMS) with STS Cloud’s robust event management and sales capabilities, hoteliers can prevent overbookings, optimize room and event inventory, and deliver personalized service to win more deals.

Events 103

Events Sales Operations Sales Process 103

SiteMinder

NOVEMBER 23, 2022

Previously, hotel operations such as receiving, recording, and inputting reservation data into the property management system had to be done manually, which was time-consuming and ineffective. Effective handling of booking channels, thereby increasing revenue, and most importantly improving our customer experience,” Viki explained.

Overbooking 105

Overbooking Hotels Revenue Management 105

Inn Quest

FEBRUARY 1, 2023

From shifting consumer preferences to new technologies and trends, there are many things that property owners and hotel managers need to keep in mind to stay competitive and meet the needs of their guests well. Today’s consumers are looking for more personalized and unique experiences, and they are willing to pay more for them.

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Management Consumer Hotels Overbooking 88

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

SiteMinder

MAY 17, 2023

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. This allows us to develop sales strategies that generate the highest revenue, all within a single platform.”

Revenue 52

Revenue Operations Overbooking Online Sales 52

SiteMinder

SEPTEMBER 4, 2023

After 12 years in operation, we recently spoke to Corporate Director for Revenue & Digital Distribution Pawarisa Hirantanes about the group’s journey and its satisfaction with SiteMinder as a technology partner. Further to that, it opens up opportunities to unlock more revenue for the business.

Operations 98

Operations Revenue Hotels OTA 98

Hotel Speak

JULY 24, 2024

Effective hotel distribution strategies enable hotels to target the right audience, optimise occupancy rates, and enhance revenue management. Hotel distribution is a multifaceted domain which presents significant opportunities for growth and revenue optimisation and remains underutilised by the industry.

OTA 101

OTA Hotels Revenue Marketing 101

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 40

Revenue Management Revenue Management Ancillary Revenue 40

SiteMinder

AUGUST 29, 2023

Understanding and controlling hotel operating costs While revenue generation often takes the spotlight, equally crucial is the understanding and control of hotel operating costs. Typical hotel operating expenses list Managing a hotel’s finances requires a keen understanding of both its revenue streams and its operating expenses.

Revenue 52

Revenue Hotels OTA Operations 52

Inn Quest

APRIL 5, 2023

Anyone who has worked in the hospitality industry for a few years would enthusiastically attest to the importance of yield management in hotels, particularly in hotel revenue management. Yield management is a pricing strategy that predicts customer demand and adjusts prices to maximize revenue.

Yield Management 88

Yield Management Management Occupancy Revenue 88

Hotelogix

FEBRUARY 13, 2025

A study by Cornell University found that hotels who actively manage their online presence see an average 6% increase in revenue. Stuck with old-fashioned booking methods: Traditional methods can be time-consuming and prone to errors, making it difficult to efficiently manage reservations. Did you know? What’s the problem?

Online Marketing 52

Online Marketing Market Marketing Hotels 52

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. Oftentimes, these tasks overpower hotels’ ability to invest in proper guest communication, marketing activities, and revenue management , which significantly impacts performance and profitability.

Revenue Management 98

Revenue Management Hotels Operations Revenue 98

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 Hotels Revenue Operations 98

Cloudbeds

OCTOBER 9, 2024

New partnership streamlines group bookings, event management, and catering to boost hotel efficiency and revenue Charleston, SC –SalesAndCatering.com and Cloudbeds have announced a two-way integration that will empower hotels, resorts, and conference centers to optimize hotel group sales and event management.

Events 59

Events Sales Operations Sales Process 59

eZee Absolute

JANUARY 15, 2025

Not only did it save us time and effort, but it also helped us maximize our revenue potential. Missed Bookings and Overbooking Chaos: Reservations were often mishandled, leading to lost revenue and unhappy customers. Reservations Done Right : No more overbookings or missed opportunities. The result?

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Management Overbooking Hotels Operations 52

Little Hotelier

APRIL 28, 2023

More bookings and more revenue. 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

Cloudbeds

APRIL 8, 2024

It can be customized to fit your brand, cater to international audiences with multi-language and currency options, and offer add-ons or upsells to help you increase revenue. Increase revenue and profitability An integrated booking engine is a game-changer for increasing revenue and overall profitability. Multiple rate plans.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

Hotelogix

OCTOBER 30, 2024

Not following the standards expected by the guest can result in losing revenue and bad reviews.   Here are the challenges they face along with necessary solutions:  Managing Multiple Calls  Handling guest calls consumes a significant portion of the front desk staff’s day.

Operations 64

Operations Overbooking Hotels Services 64

Catala Consulting

SEPTEMBER 19, 2024

Recruiting, training, and retaining employees is a time-consuming process that impacts service consistency. Overbooking and Room Management: Managing reservations, especially during peak seasons, presents a significant challenge to front office teams. Overbooking can lead to guest dissatisfaction and damage the hotel’s reputation.

Overbooking 52

Overbooking Operations Management Revenue Management 52

SiteMinder

NOVEMBER 17, 2023

We recently spoke with Kevin Domican, Front Office and Revenue Manager at the four-star Abbey Hotel Roscommon. That was time-consuming for the team and opened the door to issues such as unintentional overbooking or lost revenue due to delayed rate updates. With SiteMinder, a few clicks are enough to avoid overbooking.”

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Overbooking Closing Hotels Revenue Management 69

SiteMinder

OCTOBER 21, 2024

Not only was this time-consuming, but it also increased the risk of errors and inconsistencies across booking platforms. The consequences of this can include double-bookings and guest frustration, leading to a loss of revenue and reputation. This manual process required updating each channel individually, up to three times per day.

Operations 52

Operations Overbooking Revenue B2B 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. Upselling integrations Maximise your revenue by integrating upselling tools into your PMS.

OTA 59

OTA Motels Upsell Overbooking 59

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. To learn about hotel pricing strategies to boost revenue in 2023, read this.

Management 52

Management Global Distribution System Overbooking OTA 52

Hotelogix

OCTOBER 24, 2024

and suggests you the right room rate so that you can get more out of your room revenue. This would lead to overbooking and double booking. This is a time-consuming process and does not guarantee a real-time update. This software helps you generate more direct bookings and thus, you get to realize more room revenue.

OTA 52

OTA Management Overbooking Cancellation 52

Xotels

JANUARY 18, 2021

One of the components needed to apply a hotel revenue management is market segmentation. It allows you to target and market to a variety of consumer groups with different behaviour with an offer that matches their needs and budget level. Total Revenue per Room, Total Revenue per Client. Overbooking (from another hotel).

Hotel Marketing 40

Hotel Marketing Market Marketing Revenue Management 40

Cloudbeds

APRIL 30, 2024

A question that likely keeps you up at night is, ‘How can I boost revenue per available room (RevPAR) and outpace my competitors?’ It’s the bedrock of hotel revenue management , and for good reason. Prices change dynamically (hence the name) using real-time data to maximize your revenue and occupancy rates.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

Social Tables

SEPTEMBER 21, 2023

Hosting events is an excellent way for restaurants to diversify their revenue streams and increase profits. Acting as an event venue opens restaurants to the revenue potential associated with event rental and catering services—revenue with higher profit margins than traditional food service. Create a revenue strategy.

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Events Dining Services Accommodation 88

SiteMinder

JULY 21, 2024

Change your business and your life What if you could boost your hotel's revenue while also reducing your workload and giving yourself more free time? He hardly ever had any free time. “The work was so time-consuming that I almost dreaded the summer season. Our smart hotel platform helps you do exactly that.

Operations 52

Operations Overbooking Hotels Cancellation 52

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

SiteMinder

JUNE 29, 2023

It is commonly used by hotel sales and revenue managers to update rooms and rates in real-time. Without a channel manager, individually updating rates, availability, and content on each OTA would be too time-consuming and more prone to mistakes. What is an OTA channel manager? Which OTAs can connect with a channel manager?

OTA 52

OTA Management Revenue Occupancy 52

Cloudbeds

JULY 15, 2023

For growing hospitality businesses, a channel manager is a fundamental part of successful revenue management and distribution strategy. It’s an automatic, seamless two-way flow that keeps everything synced and virtually eliminates the risk of overbookings or mistakes like inaccurate rates.

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Management OTA Cancellation Overbooking 76

Hotelogix

OCTOBER 19, 2023

It also helps hotels avoid stock-out situations and eliminate revenue loss that could arise due to item theft or damage.  They include history and forecast reports, hotel revenue reports, hotel reservation reports, night audit reports, MIS and manager flash reports, and many more.

Hotels 52

Hotels Revenue OTA Management 52