SiteMinder

AUGUST 1, 2024

We were able to increase RevPAR by more than 30% by executing yield management on the platform swiftly and accurately.” Forecast demand using historical data and set automated rules to adjust availability based on occupancy rates and booking patterns. Use 360-degree virtual tours for an immersive experience.

Revenue 52

Revenue Yield Management Overbooking Management 52

Cloudbeds

FEBRUARY 28, 2024

With a channel manager integrated with your reservation system, you can simultaneously update pricing and availability on all booking channels. This will help you increase occupancy, maintain rate parity, and prevent pricing errors, overbookings, and lost sales. Automate your credit card payment processing.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

SiteMinder

OCTOBER 9, 2022

The art is to maximise revenue with rate premiums when there is an abundance of demand and also set competitive and sustainable rates in the low season when market demand is more fiercely contested: in short, yield management. Revenue managers continuously solve an ever-changing puzzle, where occupancy and ADR are two key pieces.

Revenue Management 59

Revenue Management Revenue Management Occupancy 59

Xotels

APRIL 3, 2024

For analysing market situations, the demand calendar includes key indicators such as RevPAR (Revenue Per Available Room) and demand levels from the previous year, along with factors like groups or events, bank holidays, school holidays, and exceptional demand indicators for the current year.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Xotels

APRIL 3, 2024

Start increasing your revenue today by reading our all-in-one ultimate guide on what is revenue management from our expert perspective as a hotel revenue management consulting company. Article Summary: What is the Definition of Revenue Management? Why is Revenue Management Important to Hotels & Other Industries?

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

SiteMinder

OCTOBER 10, 2023

Learn more Key factors to consider when implementing the cost-based pricing method Implementing cost-based pricing requires a thorough understanding of various factors that could impact the effectiveness of this pricing strategy, as well as a mastery of yield management.

Target Marketing 59

Target Marketing Revenue Yield Management Marketing 59

Xotels

SEPTEMBER 13, 2024

Pricing optimisation: Setting the right prices to maximise revenue while maintaining occupancy. Distribution management: Understanding and managing your hotel’s distribution channels is essential to reaching the right guests. Want to read more about the basics of revenue management?

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

SEPTEMBER 13, 2024

Pricing optimisation: Setting the right prices to maximise revenue while maintaining occupancy. Distribution management: Understanding and managing your hotel’s distribution channels is essential to reaching the right guests. Want to read more about the basics of revenue management?

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Inn Quest

JUNE 8, 2023

Here’s how it works: Sensors, cameras, and smart thermostats collect data about the room environment (temperature, humidity, lighting conditions, occupancy) which is sent for analysis. To learn about the benefits of yield management in the hotel industry, read this.

Hospitality 54

Hospitality Services Upsell Operations 54

Cloudbeds

JULY 15, 2023

And even then, manually-managed distribution is risky: any delays in updating rates and availability on a channel’s extranet could mean selling a room that isn’t available or selling at a lower rate, which can lead to overbooking and sub-optimal yield management. What’s allotment ? What’s a closeout? What’s iCal?

Management 76

Management OTA Cancellation Overbooking 76

Xotels

AUGUST 9, 2021

Moreover, the latest multiplier addition is particularly welcomed by RMs, as it allows hoteliers to adjust their bid for specific dates based on variables such as events in the area, pace of pick-up, occupation rate, and so forth. On top of that, Google is constantly beta-testing new features for GHA.

Market Share 52

Market Share Hotels OTA Cancellation 52