Hotel Business

MARCH 6, 2024

It allows accommodation providers to forecast revenue performance and take targeted action whenever needed, using their personalized 14-day overview of rooms sold, revenue earned and best-performing distribution channels. These are capabilities that have traditionally felt too complex and large-scale to execute, even on desktop.

Revenue Management 64

Revenue Management Revenue Forecasting Marketing Strategy 64

Hotel Business

JUNE 27, 2024

GrowthCurve Capital has acquired Duetto, a provider of revenue management software for the hospitality industry. Duetto offers innovative solutions that simplify hotel operations and optimize revenue, according to the company. GrowthCurve is acquiring the business from affiliates of Warburg Pincus and other shareholders.

Revenue Management 59

Revenue Management Revenue Casinos Business 59

SiteMinder

NOVEMBER 16, 2023

A hotel meeting room is a dedicated space within a hotel, specifically designed to host various events, from corporate meetings and workshops to private gatherings and seminars. Hotel meetings and events are a great way to boost revenue at your property and attract a constant stream of professionals and business travellers.

Revenue 98

Revenue Events Hotels Revenue Management 98

Hotel Business

DECEMBER 12, 2023

of event space and welcomes pets. “Hotel owners are facing significant challenges today like never before and turning to cycle-tested management companies like LBA will provide operational excellence and help increase our overall profitability and maximize the values of our investments,” said Kish Kanji, COO, Impact Holdings.

Management 59

Management Hospitality Scale Revenue Management 59

Hotel Business

MARCH 27, 2024

(assisting at the Carolina Panthers Stadium and then managing the company’s Concessions/Catering Departments). Moving on to hotels, he served as reservations and revenue manager for three Palisociety Hotels before working as revenue manager for OLS Hotels and Resorts (now Springboard Hospitality).

Hospitality 64

Hospitality Real Estate Revenue Management Scale 64

Hotelier Magazine

SEPTEMBER 26, 2023

In hospitality, brand acquisition and partnerships are driven by factors such as the hotels’ desire for rapid and significant growth or the capital markets’ rewards for delivering at scale. This prevents hotel chains from achieving efficiencies of scale, with a host of disparate revenue-management technologies and strategies under one roof.

Hospitality 98

Hospitality OTA Market Share Scale 98

Cloudbeds

APRIL 9, 2024

Moreover, the flexibility to enhance property performance with specialized add-ons allows for tailored optimization in key areas, including operations, revenue management, guest experience, and digital marketing. Groups and events. Manage everything from event bookings, contracts, orders, payments, and more.

Upsell 52

Upsell Revenue Management Operations Revenue 52

Amadeus Hospitality

SEPTEMBER 27, 2023

Destinations and cities with large-scale events on the horizon are also seeing traction. Paris and Nice are up 5% compared to the same period in 2022, while Marseille is up 7%, indicating increased demand for hotel rooms during the event. Beyoncé is creating headlines with the Renaissance World Tour.

Occupancy 120

Occupancy Hospitality Revenue Business 120

SiteMinder

MAY 6, 2024

This illustrates the strong appetite amongst consumers to experience large-scale stadium events, and how the benefits spread well beyond the music and entertainment industry.”

Revenue 59

Revenue Accommodation Hotels Forecasting 59

Hotelogix

SEPTEMBER 12, 2024

Remote access : Hotels can manage operations anywhere, anytime, which is particularly useful for managers. Scalability : Cloud-based systems can be easily scaled up as the hotel grows. Third-party integrations : Cloud PMS supports seamless integration with other hotel software, such as channel managers and booking engines.

Management 52

Management Revenue Management Hotels Operations 52

Hotel Business

JULY 5, 2024

The week also included the debut of the HSMAI Contact Center Summit, as well as recognition for the 2024 HSMAI marketing and revenue optimization award winners. The Hospitality Sales and Marketing Association International (HSMAI) Americas recently held its first Commercial Strategy Conference, which took place from June 25-26, in Charlotte.

Sales 64

Sales Marketing Market Intent 64

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. Guestcentric.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

Hotel Management

JANUARY 8, 2024

Formerly Operations Excellence Manager since January 2023, Gorasia brings expertise from numerous senior finance and accounting positions within Mantra Group, Accor Hotels and Shangri-La, as well as leading the finance function at Sonic Healthcare.

General Manager 147

General Manager Sales Revenue Management 147

Little Hotelier

MARCH 10, 2024

Manage your hotel sales with the best software in the market Use Little Hotelier’s revenue management features to manage your hotel sales and boost hotel bookings. This integration streamlines the management of bookings, guest information, and operational tasks, enhancing efficiency and data consistency.

Hotel Sales 52

Hotel Sales Sales Revenue Management Revenue 52

Cloudbeds

APRIL 30, 2024

A question that likely keeps you up at night is, ‘How can I boost revenue per available room (RevPAR) and outpace my competitors?’ It’s the bedrock of hotel revenue management , and for good reason. But it’s not solely about revenue. Why is hotel price optimization an essential pillar of revenue management?

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

eZee Absolute

JULY 15, 2024

The town hosts several prominent festivals and events, such as Poush Mela in December and Basanta Utsav (Spring Festival) in March, which draw large crowds of visitors. It ensures real-time updates of room availability and rates, optimizing revenue management.

Operations 52

Operations Management Hotels Consumer 52

Hotelogix

JUNE 10, 2024

We have witnessed firsthand the evolving landscape of hotel revenue management. Dynamic pricing strategy in hotels allows hoteliers to optimize revenue by ensuring room rates accurately reflect market conditions and consumer behavior. In this context, hotel dynamic pricing is one of the most critical elements.

Revenue 52

Revenue Occupancy ROI Revenue Management 52

Hotel Business

AUGUST 17, 2023

“We’ve learned that when Hyatt guests stay with a competing brand, they appear to do so for one of two reasons: the absence of a Hyatt hotel within five miles or the choice to stay at a lower chain scale. The experience of working with Hyatt is unparalleled,” said Guneet Bajwa, president/CEO, Presidio Hotel Development LLC.

Branding 98

Branding Services Operations Retail 98

Hotel Business

MARCH 28, 2023

held its inaugural HERtels by Choice Development Seminar on March 20, with nearly 40 franchise owners, general managers and hotel associates in attendance as part of a series of events to commemorate Woman’s History Month. “Choice Hotels was the first brand that I owned which taught me how to build and grow my portfolio.

General Manager 59

General Manager Real Estate Construction Branding 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. For them, the primary quality indicator was price.

Revenue Management 52

Revenue Management Revenue Occupancy Average Daily Rate 52

Boutique Hotel News

APRIL 18, 2023

Another example is in revenue management, which is an area in which Yanolja Cloud offers various solutions. AI can help analyse data in real time and factor in a wide range of variables such as occupancy rates, weather, time of year, the impact of major events and more – and adjust prices accordingly to maximise occupancy rates.

Hospitality 52

Hospitality Revenue Management Occupancy Revenue 52

SiteMinder

OCTOBER 15, 2023

Stakeholder management – While revenue managers will certainly be looking for any chance to maximise revenue, marketers and those in charge of brand may not be as comfortable with regular fluctuations. This will allow them to capitalise on opportunities to boost occupancy and/or maximise revenue.

Occupancy 59

Occupancy Revenue Hotels Revenue Management 59

Travel Media Group

MAY 24, 2023

This episode is full of content from conversations regarding trends like staffing shortages, event & group travel, and an inside look at the inaugural launch of The Hospitality Show. From airlines to hotels to events, everything in between. So technology I think is only a tool. It’s not, it’s not the product.

Hospitality 98

Hospitality Events Travel Marketing 98

Clock Software Hospitality

NOVEMBER 3, 2020

A direct channel manager which integrates with your PMS can provide you with the chance to manage your rates and inventory simultaneously. The channel manager will actively apply all changes made to your inventory across all distribution channels.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

Little Hotelier

MAY 11, 2023

Pricing strategy : Setting room rates on Airbnb can be difficult due to fluctuating demand, seasonality, and local events. Guest experience By managing guest profiles and communication history, you can offer personalised experiences and foster strong relationships with your guests, leading to better reviews and increased customer loyalty.

Management 59

Management Revenue Revenue Management OTA 59

Amadeus Hospitality

DECEMBER 21, 2023

Large-scale sporting events such as France’s Rugby World Cup substantially impacted hotel occupancies. This will provide Hilton with direct access to the valuable insights of Demand360+ through the hotel chain’s GRO revenue management system. Amadeus

Travel 97

Travel Occupancy Average Daily Rate Global Distribution System 97

SiteMinder

SEPTEMBER 12, 2022

From a business perspective, the hospitality industry is traditionally divided into five major industry sectors: food and beverage, travel and tourism, lodging, recreation, and meetings and events. If travelling for work, the meetings and events sector may also be relevant. Meetings and events. Business events.

Hospitality 94

Hospitality Tourism Business Accommodation 94

AskSuite

MARCH 11, 2024

Here at Asksuite, many of our clients have witnessed significant growth in direct bookings and qualified leads (groups and events) by providing outstanding customer service. Technologies can help organize guest data, improve customer service and scale your service. They can answer the demands of groups and events, for example.

Services 98

Services Hotels Sales Travel 98

SiteMinder

JANUARY 8, 2024

Successful hotel management is about being able to adapt and meet challenges within a range of roles and responsibilities. Placing yourself on a scale of personal growth is especially important for a hotel manager. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR).

Operations 59

Operations Management OTA Hotels 59

SiteMinder

DECEMBER 4, 2023

Turn statistics into hotel revenue Make statistics mean something by using SiteMinder’s platform to implement effective revenue management strategies Learn more Hotel industry report: What are the best sources of hotel industry data? Only 10% of Airbnb bookings are for business travel.

Occupancy 59

Occupancy Hotels Revenue Average Length of Stay 59

SiteMinder

JANUARY 8, 2024

Successful hotel management is about being able to adapt and meet challenges within a range of roles and responsibilities. Placing yourself on a scale of personal growth is especially important for a hotel manager. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR).

Operations 52

Operations Management OTA Hotels 52

Xotels

AUGUST 9, 2021

Google is taking the hotel industry by storm to gain market share and grow their advertising revenues. We will take a look at how Google is penetrating the hotel distribution vertical with Google Hotel Ads, and what opportunities this gives in terms of hotel revenue management and marketing. From Hotel Finder to GHA.

Market Share 52

Market Share Hotels OTA Cancellation 52

Hotelier Magazine

OCTOBER 10, 2024

Overall, I would say our city centres and our upper-scale properties are leading our growth. Alberta is a really exciting story with a lot of population growth, diversification of the markets and also everything happening at Stampede Park with BMO Centre and also the event centre, so that all bodes well for development.

Real Estate 59

Real Estate Marketing Market Hotels 59

Hotel Operations

MARCH 15, 2023

But as revenue management technology and other pieces of a hotel’s commercial stack have become more effective, owners have increasingly turned to it for driving results. I don’t see sort of a whole range of AI products replacing a traditional property management system or a revenue management system.

Hospitality 59

Hospitality Hotels Operations Revenue 59

Cloudbeds

MARCH 15, 2023

Utilize a variety of rate plans Incorporating a variety of rate plans as a part of your revenue management strategy gives travelers more options and flexibility to choose what best suits their needs (and helps you better manage occupancy).

OTA 98

OTA Revenue Travel Hotels 98

SiteMinder

AUGUST 29, 2023

Host events and functions Similar to the last point, if you have the space to host special events you should do so. For example, every now and then you might get a pop-up masseuse in, or an exercise class, or a cooking class. By staying one step ahead of the game, you can effectively reach your guests and retain them.

Revenue 52

Revenue Hotels OTA Operations 52

Little Hotelier

JUNE 5, 2023

Guests looking for luxury look for hotels on the higher end of the ranking scale, whereas guests with a strict might may go for lower-end hotels. Hotel social media marketing is also fantastic at building a community around your small hotel with news, updates, upcoming events, and otherwise connecting with your guests.

Hotels 59

Hotels Services Accommodation OTA 59