SiteMinder

JUNE 12, 2024

By understanding and anticipating guest behaviour and market dynamics, hotels can optimise their pricing strategies to boost their bottom line. This includes offering tailored packages, suggesting room upgrades, promoting in-house dining experiences, and even curating special entertainment events.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Social Tables

SEPTEMBER 21, 2023

Hosting an event at your restaurant can be as simple as renting out a spare dining room, repurposing unused space, or turning the dining room into a stage for local entertainers. Restaurants are highly sought-out venues for many events, from corporate meetings to private gatherings, casual parties, and fine dining affairs.

Events 88

Events Dining Services Accommodation 88

Inn Quest

SEPTEMBER 12, 2023

It encompasses tasks such as front office operations, housekeeping, food and beverage services, maintenance, sales, marketing and financial management. Food and Beverage Services: This department manages all dining and catering services within the hotel, including restaurants, room service, banquets, and bars.

Operations 88

Operations Management Revenue Revenue Management 88

STAAH

OCTOBER 15, 2024

A channel manager automates this process, syncing room rates and availability across all platforms, reducing the risk of overbookings or pricing discrepancies. Hotels using this integration have reported reduced overbookings and better room occupancy rates. Must Read: 5 Reasons to Use a Revenue Management Solution for Your Hotel 4.

OTA 52

OTA Overbooking Revenue Management Revenue 52

SiteMinder

AUGUST 1, 2024

While both eBooking and Ctrip extranet platforms offer similar functionalities, they are designed to cater to different markets. eBooking’s extranet is more generic, whereas Ctrip, a subsidiary of Trip.com Group, focuses on the Chinese market. Highlight recent renovations to keep listings fresh.

Revenue 52

Revenue Yield Management Overbooking Management 52

Hotelogix

OCTOBER 17, 2024

They minimize overbookings, streamline the reservation process, and drive revenue. Promote sales and marketing synergy How frequently do you search the web to find information? Having an online booking system can connect your sales and marketing efforts. 5 Advantages of Using an Online Booking System for Your Property 1.

Upsell 52

Upsell Revenue Hotels Overbooking 52

Hotelogix

JANUARY 19, 2025

This synchronization minimizes the risk of overbookings and ensures optimal room distribution. Whether guests dine at the hotel restaurant or book spa treatments, their charges are managed effortlessly. With this level of detail, hoteliers can stay ahead of the competition and adapt to changing market demands.

Management 40

Management Operations Occupancy Revenue 40

SiteMinder

SEPTEMBER 6, 2023

Once a booking is made, automated emails kick in, confirming the reservation and even suggesting add-ons like room upgrades or dining options. This efficiency not only reduces operational costs but also minimises the risk of overbooking or scheduling conflicts. Table of contents Why is an online booking process important for hotels?

Hotels 98

Hotels Revenue Occupancy Services 98

Catala Consulting

MAY 17, 2024

Cross-Selling Hotel Amenities Beyond room upgrades, reception staff can also promote other hotel amenities such as spa services, dining options, and local tours. Reception staff must be trained to manage reservations dynamically, accommodating walk-ins and overbookings in a manner that optimizes room availability and revenue.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

Catala Consulting

JULY 30, 2023

The science of resort revenue management transforms various factors, such as booking patterns, guest behaviour, market trends, and competitor analysis, into tangible insights that drive financial performance. By grasping the market dynamics and customer preferences, they can make informed decisions and seize lucrative opportunities.

Revenue Management 52

Revenue Management Revenue Resorts Management 52

SiteMinder

JANUARY 14, 2025

It slowly evolved into a more general travel booking service, and by 1986 had been given a new name Covia and was being marketed as an independent affiliate of United Airlines. It allows your hotel to tap into markets that can be impossible to reach through traditional hotel marketing efforts.

Global Distribution System 52

Global Distribution System Upsell Hotels Travel 52

Hotelogix

OCTOBER 18, 2024

Staying Competitive: In a crowded market, hotels that operate effectively can attract more guests. Reservation Management: Effectively managing reservations ensures that the hotel maintains high occupancy levels while minimizing overbooking issues. Cost Management: Efficient operations help hotels control their expenses.

Operations 52

Operations Management Hotels Services 52

Cloudbeds

FEBRUARY 28, 2024

When travelers book on your website, you can upsell them to premium rooms and cross-sell onsite services and add-ons like breakfast, dining, spa, and recreation. This will help you increase occupancy, maintain rate parity, and prevent pricing errors, overbookings, and lost sales. Many third-party sites don’t offer this flexibility.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

StayNTouch

NOVEMBER 16, 2022

This article will examine how hotels can leverage distribution technology and strategies to drive bookings, access new markets, and increase profitability. A particular brand’s optimal distribution strategy will depend on its size, regional market, customer base, and various commission and acquisition costs.

OTA 52

OTA Hotels Revenue Overbooking 52

eZee Absolute

DECEMBER 12, 2024

Bonus: Avoid the dreaded overbookings that could turn your holidays into a nightmare before Christmas! If your property offers dining, consider creating a limited-time holiday menu that captures the magic of the season. Feast for the Festive Spirits Whats the quickest way to a guests heart? Through their stomach!

Overbooking 52

Overbooking Motels Management OTA 52

Hotelogix

FEBRUARY 13, 2024

Inventory and supplier management Efficiently managing inventory for dining, bars, and room amenities is vital yet challenging. Plus, it leads to complexities such as rate parity/inventory disparity, overbookings, and guest dissatisfaction.  They need value for what they pay.

Management 59

Management Hotels Revenue Management Revenue 59

Catala Consulting

FEBRUARY 24, 2025

Demand Forecasting: Selling the Right Room at the Right Time Hotels use historical data, market trends, and real-time analytics to predict demand and adjust their distribution accordingly. Packaging Deals: Bundling rooms with spa treatments, dining credits, or tours to create unique offers unavailable on OTAs.

Global Distribution System 52

Global Distribution System OTA Forecasting Revenue Management 52

Hotelogix

JANUARY 12, 2025

Instead, start with 3–5 well-chosen OTAs that cater to your target market and region. Avoid overbooking by ensuring availability updates are instant. Offer personalized pricing for niche markets, like long-stay guests or special events. However, this approach can quickly become overwhelming and counterproductive.

OTA 52

OTA Hotels Travel Management 52