Hotelogix

NOVEMBER 7, 2024

The right sales tactics can help increase revenue, boost occupancy rates , and ensure guests have a positive experience. By encouraging guests to book directly through your website, you can keep more of the revenue and build stronger relationships with your guests. " can push guests to take action before they miss out.

Hotel Sales 52

Hotel Sales Revenue Sales OTA 52

Hotel Speak

JULY 19, 2024

Whether you accept transient or group business to your hotel is more than just a revenue management question. For this scenario, we’re thinking about just a room without considering F&B or any other revenue streams. especially if your comp set is trending ahead on occupancy on the books. How much are you willing to risk?

Revenue 62

Revenue Management Revenue Management Average Daily Rate 62

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.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Catala Consulting

MAY 17, 2024

Revenue management is a crucial aspect of the hospitality industry, focusing on maximizing income through strategic pricing, inventory control, and demand forecasting. These frontline employees are instrumental in shaping the guest experience, impacting occupancy rates, and ultimately driving revenue.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

eZee Absolute

SEPTEMBER 22, 2023

In this blog, we’ll break down the various hotel rate types, and how they can benefit your business and provide actionable strategies for you to maximize your revenue and occupancy. This diversity ensures that your hotel remains an attractive option for various guest segments , ultimately leading to increased occupancy.

Revenue 52

Revenue Management Occupancy Revenue Management 52

Hotel Management

AUGUST 8, 2024

Just four months after its initial soft-opening, SO/ Maldives reached an occupancy of almost 60% in February, and expected average daily rates (ADR) in the region of US$750-$850 for 2024. Overall, the Maldives accounted for 27% of S Hotels and Resorts’ worldwide revenue in 2023 – its second-largest market after the UK.

Resorts 130

Resorts Average Daily Rate Retail Forecasting 130

Hotelogix

AUGUST 6, 2024

Moving from merely managing hotel revenue to maximizing profit is a critical transformation that ensures your property's long-term success. Here's a detailed guide on transforming your hotel's revenue management to focus on profit maximization. Collect and act on guest feedback to continuously improve your services.

Revenue 52

Revenue Management Upsell Target Marketing 52

SiteMinder

SEPTEMBER 7, 2023

They can also be strategic revenue boosters that can significantly elevate your hotel’s profitability. While hotel fees can be powerful secondary revenue generators or a useful tool to mitigate additional operational costs, there is an art to applying them effectively.

Revenue 105

Revenue Hotels Services Cancellation 105

Hotel Business

JUNE 27, 2023

by Joshua Miller Optimizing revenue streams and uncovering new ones in the competitive hotel industry is crucial for success. In this article, we will explore the concept of RevPAS (revenue per available space) and share proven strategies we implement for our partners to develop parking as a significant source of revenue.

Revenue 59

Revenue Hotels KPI Revenue Management 59

SiteMinder

SEPTEMBER 6, 2023

While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. Last-minute hotel room bookings have a range of benefits including: Maximised occupancy : Filling rooms at the eleventh hour ensures that you’re making the most of your available inventory.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

Hotel Business

SEPTEMBER 3, 2024

Disrupted flights meant major headaches for hoteliers, impacting their occupancy rates and revenues. Most reservations tend to include a range of tailored options, from airport pickup, dining reservations and golf bookings. Without a PMS, hotels lack insights into guest preferences, booking trends and revenue performance.

Cancellation 104

Cancellation Revenue Hotels Travel 104

STAAH

NOVEMBER 5, 2024

Hotel gift vouchers are a formidable strategy to amplify revenue streams and grow guest loyalty. Unlike any other monetary gift card, they can be tied into particular hotel services, enhancing revenue streams. Additional revenue stream, with the money clipped in even before the service is rendered. Gift vouchers are versatile.

Revenue 52

Revenue Services OTA Occupancy 52

SiteMinder

SEPTEMBER 6, 2023

Booking promotions serve multiple strategic purposes: Increasing occupancy rates: Promotions can help fill rooms during low-demand periods and help a hotel “piggyback” on subjects that are already front of mind for their audience. Here are just five examples of hotel promotions you can run to increase occupancy and revenue when needed.

Hotels 105

Hotels Events Upsell Occupancy 105

STAAH

MAY 7, 2024

Before you realize it, the upcoming peak season will be here, presenting an opportunity to maximize your hotel’s occupancy with satisfied guests. Discounted on-property dining or other experiences can further attract guests during off-peak times. In this regard, having a solid marketing mix in place is crucial.

Marketing 86

Marketing Market Occupancy Digital Marketing 86

Catala Consulting

NOVEMBER 18, 2023

Introduction This new focus acknowledges that while revenue is crucial, it is the profitability that ultimately determines a hotel’s financial health and success. As the industry evolved, so did the concept of revenue management. Hotels began to realize that a room sold is just the beginning of revenue generation.

Revenue Management 52

Revenue Management Revenue Management Hotels 52

Inn Quest

SEPTEMBER 12, 2023

The goal is to provide excellent guest experiences while maximizing revenue and maintaining cost control. 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

eZee Absolute

JULY 31, 2022

Like any other business, hotels need to generate revenue in order to survive. How can small accommodation providers keep revenue flowing? In this article, I will discuss some sales and marketing strategies to increase revenue for small hotels and stay afloat. Strategies to increase occupancy and revenue.

Revenue 52

Revenue Hotels Occupancy Marketing 52

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. The more you can funnel guests through your own website, the more you retain full control over the revenue and the guest experience. But it’s not just about the bottom line.

Hotels 98

Hotels Revenue Occupancy Services 98

Inn Quest

SEPTEMBER 5, 2023

Hotel inventory management is the process of efficiently overseeing and optimizing a hotel’s available resources including rooms, services and facilities, to maximize revenue and guest satisfaction. Food and Beverage: Restaurants, bars and room service are vital revenue streams.

Management 87

Management Overbooking Revenue Hotels 87

Hotel Speak

MAY 30, 2024

It’s time to take action to improve the bottom line and remove revenue leakage. While Revenue Per Available Room (RevPAR) is up by 17% in Europe compared to January 2020 , F&B revenue increased just 5%. By using data, hotels can improve revenue with dynamic pricing or tiered pricing for different customer segments.

Consumer 89

Consumer Forecasting Revenue ROI 89

SiteMinder

APRIL 11, 2024

Medium sized hotel brands can grow a significant revenue stream by promoting their Airbnb listings , considering how popular the platform is among travellers. As a result, we have been able to increase both our ADR and occupancy rates.” Indulge in gourmet dining at our oceanfront restaurant, or unwind at our state-of-the-art spa.

Dining 98

Dining Hotels Average Daily Rate Target Marketing 98

STAAH

OCTOBER 15, 2024

Additionally, it provides valuable insights into booking patterns and performance across various channels, helping hotels make better decisions to optimize revenue. Hotels using this integration have reported reduced overbookings and better room occupancy rates.

Operations 83

Operations OTA Overbooking Revenue 83

SiteMinder

OCTOBER 10, 2023

Discount pricing is a revenue management strategy where prices are lowered temporarily or for certain conditions to attract guests and boost occupancy rates. By understanding and employing discount pricing strategically, hotels can maximise revenue, improve guest satisfaction, and enhance their overall brand image.

Occupancy 59

Occupancy Events OTA Revenue 59

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 Revenue Hotels Operations 98

Amadeus Hospitality

DECEMBER 3, 2024

The report highlights that hoteliers view increasing occupancy and improving operational efficiencies as key priorities, with 85% of hoteliers anticipating that personalization could help deliver over 5% in incremental revenue. rise in direct booking conversions over a six-month period, significantly boosting its overall revenue.

Ancillary Revenue 52

Ancillary Revenue Upsell Revenue Shopping 52

SiteMinder

AUGUST 1, 2024

SiteMinder’s platform empowers you to execute your hotel business plan seamlessly and drive revenue growth. Key goals: State your main objectives, such as increasing occupancy rates, boosting revenue, or expanding your hotel chain. based on your projected occupancy and service levels.

Business 52

Business Revenue Hotels Occupancy 52

Hotelogix

FEBRUARY 13, 2024

Without the orchestration of advanced technology, many things can go wrong at every level across departments, leading to operational inefficiencies, fewer sales, unhappy guests, and diminished revenues. Inventory and supplier management Efficiently managing inventory for dining, bars, and room amenities is vital yet challenging.

Management 59

Management Hotels Revenue Management Revenue 59

Boutique Hotel News

NOVEMBER 14, 2022

Ireland was a surprising addition to the list of countries with high occupancy levels, in this case a result of housing refugees. She went on to say that by not targeting one specific sector, The Other House is generating new revenue streams particularly from hybrid workers. .

Events 64

Events Real Estate Dining Revenue 64

SiteMinder

AUGUST 30, 2023

Here’s why they’re beneficial: Revenue diversification Hotel packages allow you to diversify your revenue streams by upselling various services and amenities. Whether it’s spa treatments, dining experiences, or exclusive tours, these packages encourage guests to spend more, boosting your overall revenue.

Hotels 98

Hotels Services Revenue Business 98

Hotel Speak

MAY 19, 2023

And the good news is that it unfolds great opportunities for hotel businesses to increase revenue. Partner with local companies : Even business travelers want to experience the destination and are willing to spend more on dining, entertainment, and tours since their company pays for their flights.

Business 59

Business Travel Occupancy Services 59

STAAH

OCTOBER 15, 2024

Additionally, it provides valuable insights into booking patterns and performance across various channels, helping hotels make better decisions to optimize revenue. Hotels using this integration have reported reduced overbookings and better room occupancy rates.

OTA 52

OTA Overbooking Revenue Management Revenue 52

SiteMinder

JULY 19, 2022

” If guests aren’t won over by that promise, perhaps they will be swayed by the seven room types and luxurious on site amenities that includes three spas, three dining options, conference rooms, a kid’s world, games room, indoor sports, gym, and much more. As a result, we have been able to increase both our ADR and occupancy rates.”.

Resorts 52

Resorts OTA Business Occupancy 52

Hotel Business

DECEMBER 19, 2022

Occupancy, ADR and RevPAR rapidly declined. Therefore, publishing clear information about sustainability programs, policies and other efforts on all revenue channels is imperative. Reminding guests of ESG initiatives using digital QR codes in dining and living rooms. Among the industries most affected was hospitality.

ROI 59

ROI Dining Intent Business 59

Cloudbeds

JUNE 5, 2024

There used to be a time when hotel revenue managers simply had to look at predicted demand and keep an eye on competitors’ rates to optimize pricing. For revenue managers, that meant adding a new strategy (and a new skill) to their decision-making: reputation pricing. without harming its occupancy rates.

Revenue Management 52

Revenue Management Revenue Occupancy Average Daily Rate 52

SiteMinder

AUGUST 1, 2024

By using the extranet, you can ensure that your hotel information is up-to-date and appealing to potential guests, which is crucial for increasing your bookings and revenue. Revenue growth : Optimise your listings to attract more bookings and increase your revenue. Table of contents Why should you be listed on Trip.com hotels?

Revenue 52

Revenue Yield Management Overbooking Management 52

Inn Quest

JULY 10, 2023

Increased Occupancy and Revenue: When hoteliers understand their target segments to a T and cater to their specific needs, occupancy and revenue increase automatically. These properties frequently include premium accommodations, gourmet dining options, spas and exclusive facilities to create a luxurious atmosphere.

Hotel Marketing 52

Hotel Marketing Marketing Market Target Marketing 52

STAAH

MAY 23, 2023

Look for dining, entertainment and tours that would interest business travellers staying with you. To conclude As blended travel gains momentum, it is expected to extend peak seasons and boost occupancy in the shoulder and lower seasons too. 2) Establish local partnerships and create special packages.

Travel 52

Travel Occupancy Business Marketing Strategy 52