SiteMinder

JUNE 12, 2024

This includes offering tailored packages, suggesting room upgrades, promoting in-house dining experiences, and even curating special entertainment events. Optimising Occupancy : Hotels have a fixed number of rooms, making it essential to ensure high occupancy rates. Our smart hotel platform helps you do exactly that.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

SiteMinder

JUNE 26, 2024

While revenue management is more focused on a hotel’s pricing and availability to maximize revenue, revenue optimization takes a broader approach to include a full range of revenue sources that includes food and beverage, spa services, events, classes, and other ancillary revenues.

Revenue 72

Revenue Revenue Management Upsell Global Distribution System 72

SiteMinder

JUNE 6, 2024

They would sell the same price to everyone and assume that 100% occupancy was the ultimate goal. They didn’t know who they were competing against nor did they have a list of events that could drive demand and ultimately increase profit. “Prior to working with RevenYou, we found that many owners used one price for 365 days.

Revenue Management 98

Revenue Management Revenue Management Accommodation 98

Little Hotelier

OCTOBER 30, 2024

Promote and upsell activities easily with Little Hotelier Little Hotelier’s direct booking engine lets you sidestep OTA commission fees while increasing the value of every reservation. By upselling guests with paid activities as part of your custom booking process. Take a themed event or party as an example.

Upsell 59

Upsell Events Revenue Hotels 59

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. Offer lower rates for guests booking multiple rooms, ideal for group travellers or event attendees. Example: Festival special, book during the event and receive a 15% discount.

Occupancy 59

Occupancy Events OTA Revenue 59

Cloudbeds

OCTOBER 17, 2024

By strategically analyzing revenue booked, occupancy rates, acquisition costs, and guest segments, hotels can build an advanced distribution strategy that delivers real value. These include: Occupancy rate – which channels contribute most to occupancy? RevPAR – which booking sites result in the highest RevPAR?

OTA 76

OTA Occupancy Hotels Revenue 76

STAAH

JANUARY 16, 2024

There is no set formula to increase a hotel’s revenue, it can be achieved by creating a good promotion plan, tapping into sources of ancillary revenue , upselling and other marketing strategies. Ancillary services such as restaurants, spa treatments, meetings and event spaces can generate more profit for your hotel.

Revenue 97

Revenue Ancillary Revenue Revenue Management Hotels 97

Hotelogix

NOVEMBER 7, 2024

The right sales tactics can help increase revenue, boost occupancy rates , and ensure guests have a positive experience. A loyalty program can encourage guests to keep coming back, which boosts your occupancy rate. In the competitive world of hospitality, having a strong sales strategy is key to ensuring your hotel's success.

Hotel Sales 52

Hotel Sales Revenue Sales OTA 52

Hotelogix

AUGUST 6, 2024

Optimizing ancillary revenue streams: To diversify your revenue sources, consider enhancing offerings in food and beverage, spa services, and event hosting. Train your staff to identify and capitalize on upselling opportunities. Targeted marketing campaigns: Run campaigns during off-peak periods to boost occupancy.

Revenue 52

Revenue Management Upsell Target Marketing 52

Cloudbeds

APRIL 9, 2024

Upselling tools. Employ strategic upselling solutions to maximize revenue through tailored guest offers and promotions. Groups and events. Manage everything from event bookings, contracts, orders, payments, and more. Event Temple for venue management to facilitate efficient event coordination. Room controls.

Upsell 52

Upsell Revenue Management Operations Revenue 52

Little Hotelier

OCTOBER 17, 2023

Connect additional channels If you find on some days or weeks your occupancy is lower than you’d like, and not enough revenue is coming in as a result, you may not be reaching a big enough audience. Use your front desk or other designated areas to take advantage of point-of-sale opportunities such as car rental or tickets to events and tours.

Revenue 100

Revenue Hotels OTA Ancillary Revenue 100

Cloudbeds

APRIL 8, 2024

Many hoteliers question if it’s worthwhile investing in a direct booking strategy or if they can solely rely on online travel agencies (OTAs) like Airbnb, Booking.com, or Trip.com to fill occupancy. Upsells and add-ons. Consider offering weeknight rates, promo codes for special events, or loyalty discounts for repeat customers.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

SiteMinder

JULY 25, 2022

Upsell and cross-sell – Giving guests the option to upgrade and buy extra items or services at the point of booking will help drive up the spend from each individual guest, in turn boosting your ADR. With higher occupancy, you have more chances to win revenue from guests during their stay. How to set KPIs for ADR?

Average Daily Rate 52

Average Daily Rate Upsell Occupancy Revenue 52

Inn Quest

MAY 11, 2023

By drawing in more visitors, raising occupancy rates and enhancing profitability, a thoughtful pricing strategy can help hotels maximize their revenue. Even if occupancy rates do not rise, this can help hotels raise their profit margins. A Rise in Profitability: Effective pricing strategies can also boost a hotel’s profitability.

Revenue 88

Revenue Occupancy Hotels Marketing 88

SiteMinder

NOVEMBER 18, 2024

A destination management company is a professional services firm specialising in local expertise and resources to design, plan, and manage events, activities, and tours. Destination management services list Common DMC services include: Event planning and management : Handling meetings, incentives, conferences, and exhibitions (MICE).

Management 52

Management Events Services Occupancy 52

Xotels

JULY 26, 2024

In a nutshell, yield management means adjusting your room rates in real-time based on demand , seasonality, events, and even the day of the week. What events drive demand in your area? Don’t Forget About Upselling: Train your staff to upsell guests to higher room categories or add-on services. Sounds simple, right?

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

Cloudbeds

MARCH 15, 2023

A direct booking strategy is a powerful force in reducing customer acquisition costs , increasing occupancy, and improving profitability by building greater brand loyalty and giving you direct access to guests. These types of promotions are great for when you need to fill occupancy fast and should not be used all the time.

OTA 98

OTA Revenue Travel Hotels 98

Travelboom Marketing

MAY 24, 2024

When you see seasonal peaks and annual events affecting occupancy rates and reservation types, then you can adjust room pricing, add-on services, and staffing to achieve the most efficient, profitable combination. Read on for a list of proven hotel revenue management strategies that work when you need to turn a profit.

Revenue Management 52

Revenue Management Revenue Management Cost Per Click 52

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. Increased occupancy Strategically designed packages can help fill rooms during off-peak seasons or weekdays.

Hotels 98

Hotels Services Revenue Business 98

Xotels

JULY 26, 2024

In a nutshell, yield management means adjusting your room rates in real-time based on demand , seasonality, events, and even the day of the week. What events drive demand in your area? Don’t Forget About Upselling: Train your staff to upsell guests to higher room categories or add-on services. Sounds simple, right?

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Little Hotelier

OCTOBER 30, 2024

This tool helps automatically adjust room rates based on demand, competition, and occupancy. Upselling integrations Maximise your revenue by integrating upselling tools into your PMS. Set up an integration that allows these upsell offers to be automatically sent to guests based on their preferences or booking history.

OTA 59

OTA Motels Upsell Overbooking 59

SiteMinder

JULY 13, 2024

By analysing historical data, current bookings, local events, and even broader market trends to identify patterns, your hotel can anticipate busy and quiet periods. Within a dynamic pricing strategy , prices should vary based on supply and demand to improve revenue and ensure maximum occupancy.

Revenue Management 98

Revenue Management Revenue Management OTA 98

Little Hotelier

NOVEMBER 6, 2023

Public holidays and popular local events will also affect how much you can charge per room. These might follow the four seasons of the year, or they could be defined by school holidays, festive seasons or major local events. Upselling and cross-selling Grab upselling and cross-selling opportunities with both hands.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

Hotel Speak

MAY 30, 2024

With visibility into hotel occupancy, and meetings and events, F&B managers can place orders based on more accurate forecasts of in-house demand to prevent over-ordering and potential waste. By working with a central hub to manage all suppliers, hotels can ensure contracts are regularly tendered, and prices compared and updated.

Consumer 89

Consumer Forecasting Revenue ROI 89

Social Tables

SEPTEMBER 22, 2017

Improving Occupancy Rates Using Big Data for Hotels. Email marketing, hotel productivity, and upselling are some of many ways to use this data. If a hotel knows that most people come to it because of its location as opposed to its amenities, they can heavily market that feature to maximize their appeal.

Cancellation 68

Cancellation Hotels Upsell Email Marketing 68

Cloudbeds

DECEMBER 2, 2024

Understanding future demand trends, their causes, and the guest segments driving them can help hotel revenue managers adjust room rates to boost occupancy and sales. The bold line represents the average occupancy rate for the competitive set. Each point on the chart shows a specific day’s occupancy for the hotel.

Forecasting 40

Forecasting Occupancy Revenue Management Revenue 40

SiteMinder

SEPTEMBER 10, 2024

Lower your operating costs effortlessly with smart hotel technology Use SiteMinder’s platform to easily boost occupancy, maximise revenue, and create efficiencies for your business. The result will be influenced by a number of factors, including your: Occupancy rate: Higher occupancy rates generally lead to lower CPOR.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

eZee Absolute

MAY 7, 2024

Targeted Promotions and Upselling: Imagine offering a honeymoon package to a couple celebrating their anniversary, or suggesting spa treatments to guests who’ve indicated an interest in wellness. By leveraging guest data, you can personalize your promotions and upselling opportunities, making them more relevant and enticing.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

Cloudbeds

MARCH 3, 2023

Upselling opportunities. Upsells represent a $28 billion opportunity for properties and are becoming an increasingly important part of a hotel’s revenue management strategy. POS systems help improve safety by encrypting payment data and recording every transaction, which can be helpful in the event of theft or fraud.

Sales 98

Sales Hotels Revenue Services 98

Cloudbeds

SEPTEMBER 18, 2024

This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. Basic KPIs include average daily rate (ADR) , occupancy (OCC), revenue per available room (RevPAR), and average length of stay (ALOS). Revenue management KPIs. Food & beverage KPIs.

Operations 40

Operations Revenue Management Occupancy Revenue 40

Amadeus Hospitality

AUGUST 24, 2023

The latest data from Amadeus’ Demand36 0® reflects this, with on-the-books global hotel occupancy rates for H1 2023 trending above 2022 and 2021 levels, and just 3 points behind those seen in 2019. Our new report, Catalysts for Change: Building the Hospitality Ecosystem of the Future finds that travel is on the upswing.

Travel 52

Travel Average Daily Rate Marketing Strategy Sales 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

SiteMinder

FEBRUARY 29, 2024

Upselling and cross-selling : Techniques to promote hotel services and amenities, contributing to revenue growth. Banquets and events Event planning and coordination : Covering the basics of event management, from planning to execution, ensuring every detail is considered.

Hospitality 52

Hospitality Services Hotels Events 52

STAAH

NOVEMBER 22, 2022

In a hotelier’s case or any accommodation provider, selling rooms is the main product to reach full occupancy. There are plenty of upselling tools available. Make sure to make the most during peak seasons, local events, holiday seasons, etc. Offering last-minute deals, add ons or upgrades is a great way to drive revenue.

Hotel Marketing 86

Hotel Marketing Market Marketing Hotels 86

Clock Software Hospitality

NOVEMBER 3, 2020

Manage Room Inventory Your hotel’s occupancy is the main metric by which you judge how well your business is doing at the moment. Having complete control over occupancy 24/7 will certainly cut down on the manpower it takes to keep inventory in order and prevent unwanted overbookings.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

AskSuite

JULY 20, 2023

It begins with laying out realistic targets, then on-point upselling and cross-selling, culminating in the art of tailoring unique sales alternatives. Key strategies for upselling and cross-selling Upselling and cross-selling aren’t just about making quick sales, but rather enhancing the guest experience while maximizing profits.

Management 52

Management Business Marketing Strategy Upsell 52

eZee Absolute

AUGUST 31, 2022

Host a special event. Offering discounts and packages quickly draw travelers into your hotel, intrigues them to make a reservation, and help you boost occupancy. Host a special event. Events are one of those special things that people usually look for when they explore hotels and gateways. Decide what strategy to use.

Hotels 52

Hotels Events Marketing Market 52