SiteMinder

OCTOBER 9, 2022

Whether you are new to the industry or catching up with the fast evolution, this blog will introduce you to the responsibilities of revenue managers and how they can succeed in 2022. What is a revenue manager? A revenue manager is responsible for pricing hotel inventory (rooms) to maximise profit.

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STAAH

MAY 21, 2024

Here’s how to analyze hotel behavior from a pricing perspective: Lead Times: Track booking patterns —far-out bookings for events like weddings versus last-minute bookings for FIT (Free Independent Travelers). Forecast Accurately: Use forecasting to inform pricing, yield management , and channel management decisions.

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Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

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Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

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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.

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Xotels

JULY 26, 2024

As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. What is Yield Management, Really? That’s yield management in action.

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Xotels

JULY 26, 2024

As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. What is Yield Management, Really? That’s yield management in action.

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Hotel Business

SEPTEMBER 11, 2024

Across revenue management, sales, marketing and loyalty, there’s a lot of excitement about this new opportunity,” he said. In terms of pricing, this room type sets a new high for ADR and contributes positively to overall yield management,” Rivett said. This room type is approximately 470 sq.

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Horizon Hospitality

JULY 10, 2024

Dynamic pricing, or yield management, involves adjusting room rates in real-time based on supply and demand, with the ultimate goal being to increase the Revenue Per Available Room ( RevPAR ). This can help in adjusting prices and inventory to optimize both occupancy and revenue.

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SiteMinder

AUGUST 1, 2024

We were able to increase RevPAR by more than 30% by executing yield management on the platform swiftly and accurately.” Adjust rates regularly: Use a revenue management system (RMS) to adjust rates dynamically based on local events, competitor pricing, and market trends to stay competitive.

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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.

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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.

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SiteMinder

NOVEMBER 14, 2023

Table of contents The importance of a Hostelworld inbox login Effective communication is crucial for successful hotels, whether it’s confirming booking details, providing guests with up-to-the-minute updates on hotel events and services, or following up with guests after their stay to encourage rebookings and forging stronger customer loyalty.

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Inn Quest

JUNE 8, 2023

To learn about the benefits of yield management in the hotel industry, read this. Here’s how it works: AI-Driven Revenue Management: AI algorithms analyze vast amounts of historical data, market trends and customer behaviour to identify patterns and make accurate revenue predictions.

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Cloudbeds

JULY 15, 2023

For growing hospitality businesses, a channel manager is a fundamental part of successful revenue management and distribution strategy. In this guide for hospitality professionals, you’ll learn all about Channel Managers, from how they work to what makes great software for your business specifically. What’s allotment ?

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