Hotel Speak

JULY 19, 2024

especially if your comp set is trending ahead on occupancy on the books. All your competitors are now doing 95% occupancy with a good balance of transient and group. For example, when I worked at the Four Seasons in Korea, we had nine restaurants and people stayed at our hotel because they wanted to experience all these dining options.

Revenue 63

Revenue Management Revenue Management Average Daily Rate 63

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 data-driven approach can give you a competitive edge in an increasingly crowded market. Table of contents Why is an online booking process important for hotels?

Hotels 98

Hotels Revenue Occupancy Services 98

Inn Quest

SEPTEMBER 5, 2023

Invest in a Revenue Management System (RMS): RMS software uses data analysis and algorithms to optimize room pricing based on demand, occupancy, market conditions, and competitor rates. Marketing and Promotion Strategies: Create enticing packages and promotions during low-demand periods to stimulate bookings.

Management 87

Management Overbooking Revenue Hotels 87

SiteMinder

JANUARY 8, 2024

Quick service establishments engage in offering snack foods, whereas catering businesses and restaurants can lean towards a casual take-away experience or seated fine-dining. With customers expecting some sort of dining service from hotel accommodations, it has become almost a standard practice to provide.

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

Quick service establishments engage in offering snack foods, whereas catering businesses and restaurants can lean towards a casual take-away experience or seated fine-dining. With customers expecting some sort of dining service from hotel accommodations, it has become almost a standard practice to provide.

Operations 52

Operations Management OTA Hotels 52

Little Hotelier

AUGUST 29, 2023

By asking your followers to create social posts and blog entries for your brand, you will establish loyalty with your target market segment. This order encourages your guests to book with you by providing them with extra information about your property, such as a feature on your dining options or an e-mail about your amenities.

Market 95

Market Marketing Target Marketing Marketing Strategy 95

Little Hotelier

JULY 18, 2024

7.25%) and some form of bed tax, occupancy tax, lodging tax or hotel sales tax (0%–20%). Consider your target market, guest expectations and local norms when choosing your pricing strategy. US VAT: In the US there is no federal sales tax. If in doubt, choose transparency.

Sales 52

Sales Hotels Services Management 52

SiteMinder

DECEMBER 20, 2023

Simply multiply your predicted average daily rate (ADR) by your occupancy rate. How to run a hotel restaurant A great hotel restaurant will not only be a drawcard for guests, it will also attract the locals who are looking for another dining option.

Business 59

Business Hotels Management Revenue 59

MediaBoom

AUGUST 6, 2024

By developing detailed guest personas, you can better understand your target market and make informed decisions about your hotel’s branding and marketing strategies. This includes customized room preferences, personalized recommendations, and targeted marketing. Still Have Questions?

Branding 95

Branding Hotels Services Marketing 95

MediaBoom

MARCH 14, 2024

Through professional photography and thoughtful design, you can showcase the unique features of your accomodation, from luxurious rooms to exquisite dining options. By tracking demand trends, booking patterns, and competitor pricing, hotels can adjust their rates dynamically to maximize occupancy and revenue.

Digital Marketing 72

Digital Marketing Services Marketing Market 72

Hotelier Magazine

MARCH 11, 2024

Occupancy rates have returned to pre-pandemic levels with ships largely at 95 per cent occupancy. Meeting and convention business continues to be strong for Vancouver and the city remains largely unaffected by the challenges other peer cities have had in re-building this segment of their market.

Tourism 52

Tourism Business Marketing Market 52