SiteMinder

APRIL 25, 2024

The exact genesis of yield management (now revenue management) in the hospitality sector is hotly debated,” says Stuart-Hill. Laila Rach titled Portrait of Revenue Management Leadership found 65% of revenue practitioners had titles such as ‘vice president’ or ‘senior vice president’.

Revenue Management 111

Revenue Management Revenue Management Hotels 111

SiteMinder

MAY 14, 2023

Did I also mention that contacting their support team was time-consuming? ” “SiteMinder was the very first international platform to come to Thailand. The management team saw this as a challenge. .” “Yes, their product had many functionalities, but none worked for our Thai customers.

Sales 97

Sales Revenue Yield Management Occupancy 97

Xotels

MARCH 3, 2025

Luckily, from our experience as a revenue management consulting company, we’ve learned many tools that will simplify your life, help cut-out time-consuming tasks, and also enable you to open new streams of revenue!

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

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. With its recent merger with Pegasus, Cendyn now offers a flexible, scalable reservation system with intelligent rate and inventory management tools.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

Xotels

APRIL 3, 2024

Start increasing your revenue today by reading our all-in-one ultimate guide on what is revenue management from our expert perspective as a hotel revenue management consulting company. Article Summary: What is the Definition of Revenue Management? Why is Revenue Management Important to Hotels & Other Industries?

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

SiteMinder

JULY 10, 2024

Ranging from 15 minutes to more than 60 minutes, hospitality podcasts can be hosted and consumed in a number of ways. And they serve a real purpose too, with 74% of listeners saying they consume podcasts to learn something new. These include dedicated podcast platforms, Apple and Spotify, YouTube, SoundCloud, and more.

Hospitality 52

Hospitality Hotels Digital Marketing Revenue 52

SiteMinder

OCTOBER 10, 2023

Learn more Key factors to consider when implementing the cost-based pricing method Implementing cost-based pricing requires a thorough understanding of various factors that could impact the effectiveness of this pricing strategy, as well as a mastery of yield management.

Target Marketing 59

Target Marketing Revenue Yield Management Marketing 59

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

eZee Absolute

OCTOBER 11, 2023

Foremost among these challenges was the absence of an integrated booking system and hotel management system. This not only made day-to-day operations more complex and time-consuming but also limited the resort’s ability to scale its business effectively.

Resorts 52

Resorts Management Sales Yield Management 52

Xotels

DECEMBER 12, 2024

Dynamic Consumer Behaviour : Understanding and adapting to rapidly changing consumer behaviors, preferences, and expectations in the digital age can be a continuous challenge for hotels. What are the challenges of managing hotel distribution channels?

OTA 40

OTA Global Distribution System Revenue Revenue Management 40

Xotels

MAY 30, 2024

Also from a consumer’s perspective, the price value equation might not be ideal any more, leading to a lowering of the guest review score online, which could lead to long-term erosion of results. It could lead to risky situations , where last-minute rates have to be softened to offset low pick-up, and the end result being worse.

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

Inn Quest

JUNE 8, 2023

To learn about the benefits of yield management in the hotel industry, read this. Moreover, traditional hotel room pricing methods are considered manual, time-consuming and inaccurate.

Hospitality 54

Hospitality Services Upsell Operations 54

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.

Management 76

Management OTA Cancellation Overbooking 76

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

SiteMinder

NOVEMBER 24, 2023

Trustpilot is a widely-used online review website that empowers consumers to give their honest opinions about companies. Executing yield management on the platform swiftly and accurately, they experienced a 50% increase in overall bookings. Brilliant job!”

Revenue 52

Revenue Revenue Management Management General Manager 52