Inn Quest

AUGUST 15, 2023

A hotel channel manager is a software tool used in the hospitality industry to manage and synchronize online distribution channels. In short, it primarily streamlines the distribution of room inventory, rates and availability across multiple channels, ensuring consistency and increasing bookings.

Management 52

Management Global Distribution System Overbooking OTA 52

Little Hotelier

OCTOBER 30, 2024

Revenue management integration For properties working with global distribution systems (GDS), a property management system and GDS integration can help maximise exposure. This tool helps automatically adjust room rates based on demand, competition, and occupancy.

OTA 52

OTA Motels Upsell Overbooking 52

Inn Quest

SEPTEMBER 5, 2023

Meeting and Event Spaces: Many hotels have conference rooms, banquet halls and event spaces. Use a Channel Manager: A channel manager ensures that your room availability and rates are consistent across various online booking channels, including your website, OTAs (Online Travel Agencies), and GDS (Global Distribution Systems).

Management 87

Management Overbooking Revenue Hotels 87

SiteMinder

AUGUST 1, 2024

Key goals: State your main objectives, such as increasing occupancy rates, boosting revenue, or expanding your hotel chain. online advertising, social media, email marketing, partnerships, events) Marketing messages: What key messages will you communicate to your target audience? based on your projected occupancy and service levels.

Business 52

Business Revenue Hotels Occupancy 52

Amadeus Hospitality

MAY 29, 2023

This is why more brands are relying on comprehensive, forward-looking market insights to aid in strategic decision making. To support its growth mindset, Quest Apartment Hotels , a member of The Ascott Limited network, announced it will implement Amadeus’ Agency360+ ® across its 160 locations in Australia, New Zealand, United Kingdom, and Fiji.

Business 52

Business Global Distribution System Travel Marketing 52

eZee Absolute

OCTOBER 24, 2024

Simply put, hotel distribution refers to the process by which hotels make their rooms, rates, and inventory available to potential guests. It’s a critical aspect of a hotel’s operations, as the effectiveness of this distribution directly impacts visibility, occupancy rates, and overall revenue.

Hotels 52

Hotels Revenue Management Overbooking Revenue 52

SiteMinder

AUGUST 11, 2024

These systems will be able to adopt open-pricing strategies where they can adjust prices based on factors like demand, competition, reputation, occupancy and historical data, depending on the data they can collect and analyse.” “AI and machine learning will improve the quality of recommendations made by RMSs.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Hotelogix

OCTOBER 18, 2023

Efficient Room Allocation Hotel Reservation Systems helps your hotel optimize room allocation based on real-time availability and guest preferences. This leads to better utilization of room inventory and maximizes occupancy rates. Rate Management: Adjusts room rates based on demand, seasons, and events, optimizing revenue generation.

Business 40

Business Global Distribution System Cancellation Hotels 40

Cloudbeds

FEBRUARY 28, 2024

The information is then populated into the PMS and distributed to the hotel’s booking channels with the help of channel management software. These channels may include the hotel’s website booking engine, online travel agencies (OTAs), the global distribution system (GDS), wholesalers, and metasearch sites.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

SiteMinder

JANUARY 8, 2024

The entertainment businesses can include attractions of special interest such as zoos and museums, or spectator events such as theatre performances or sports games. Promotions are special rates that can change depending on: – The season or holiday period; – If the guest is a VIP; or, – You want to capitalise on an event. –

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

The entertainment businesses can include attractions of special interest such as zoos and museums, or spectator events such as theatre performances or sports games. Promotions are special rates that can change depending on: – The season or holiday period; – If the guest is a VIP; or, – You want to capitalise on an event. –

Operations 52

Operations Management OTA Hotels 52

SiteMinder

DECEMBER 20, 2023

Simply multiply your predicted average daily rate (ADR) by your occupancy rate. Leverage your location by showcasing it with high-quality website images, hash-tagging it on social media and taking part in local events. RevPAR , or revenue per available room, is one the easiest ways to predict revenue for a hotel.

Business 59

Business Hotels Management Revenue 59

Cloudbeds

JULY 15, 2023

This means that properties of all sizes can now access new, global regions and segments (corporate/leisure/group) that were difficult to access via manual channel management. This leads to higher occupancy, especially in times of low demand when it’s needed the most. What’s allotment ? What’s a closeout? What’s iCal?

Management 76

Management OTA Cancellation Overbooking 76

Xotels

APRIL 3, 2024

Advance Sales: The hotel product, represented by rooms, can be sold in advance, enabling revenue managers to strategically plan and optimize occupancy levels over time. Revenue management strategies typically include decisions based on historical booking data, competitor pricing, seasonal trends, local events, and customer behaviour.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52