SiteMinder

MARCH 25, 2025

For example, during peak travel periods, an efficient reservations manager using a modern property management system (PMS) can swiftly allocate room blocks for group bookings or special events, maximising occupancy without overbooking. What does a hotel reservations manager do?

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SiteMinder

AUGUST 1, 2024

Key goals: State your main objectives, such as increasing occupancy rates, boosting revenue, or expanding your hotel chain. Pricing strategy: How you will set competitive room rates and consider implementing revenue management strategies to maximise occupancy and revenue. based on your projected occupancy and service levels.

Business 95

Business Revenue Hotels Occupancy 95

Hotel Speak

JULY 19, 2024

Whether you accept transient or group business to your hotel is more than just a revenue management question. It’s also a risk management question. And what is the philosophy of the hotel, the ownership, the general manager, and other stakeholders? How much are you willing to risk? What’s better? Sounds good, right?

Revenue 85

Revenue Management Revenue Management Average Daily Rate 85

Hotelogix

FEBRUARY 28, 2025

From decision-makers of hotels, to general managers and front office teams, they can use ChatGPT effectively if they know how to ask the right questions. ” For Revenue Managers: Maximizing Profitability and Forecasting Demand Revenue managers play a critical role in pricing, occupancy, and financial forecasting.

General Manager 52

General Manager Hotels Forecasting Upsell 52

Cloudbeds

NOVEMBER 13, 2024

From conversations with general managers to PR professionals and restauranteurs – we’ve compiled a list of the top hospitality podcasts today to help hoteliers boost their industry knowledge and take away practical tips for success. No matter what role or interest you have in hospitality, there’s a podcast for you. Who’s it for?

Hospitality 52

Hospitality Events Hotel Marketing Marketing 52

Hotelogix

SEPTEMBER 12, 2024

General Management: General Managers take care of the overall administration of a hotel. A Hotel PMS provides several operational reports, including a history and forecast report, revenue report, reservation report, housekeeping report, night audit report, financial report, guest history report, occupancy reports, etc.,

Management 52

Management Revenue Management Hotels Operations 52

MBA Hotels

OCTOBER 15, 2019

Occupancy remains high overall, though around zero growth nationally. STR forecasts RevPAR growth to be about 1.1% STR RevPAR Forecast ] Slow and steady revenue growth is keeping the industry optimistic, but it’s the profitability which is worrying some hotel investors and management companies. in 2020. [

Average Daily Rate 52

Average Daily Rate Forecasting Revenue Management 52

Cloudbeds

JUNE 5, 2024

How your online reputation impacts pricing strategies Your online reputation has a significant impact on occupancy and profitability. This, in turn, leads to more visitors, conversions, and, finally, higher occupancy rates. without harming its occupancy rates. Demand-based pricing. Profit pricing.

Revenue Management 52

Revenue Management Revenue Occupancy Average Daily Rate 52

Boutique Hotel News

DECEMBER 20, 2022

According to Matterport , JLL was able to transact 85 per cent faster using digital twin technology, and hospitality properties with a digital twin can increase occupancy by 14 per cent. Simon Mahon, general manager at The Grand York, tells BHN : “I don’t think the full power and damage of Brexit has materialised.

Travel 124

Travel Hotels Branding Consumer 124

Hotel Operations

MARCH 15, 2023

A unique business model Hospitality is a unique industry, says Martin Soler, a former hotel general manager, and now Partner at Soler & Associates. Forecasting demand is an example. “We’re AI can forecast the percentage of your guests that night that will eat breakfast, and the hours they will be there.

Hospitality 59

Hospitality Hotels Operations Revenue 59

Travel Media Group

NOVEMBER 30, 2022

So then I just worked my way up through the ranks, took a job as a, general manager about three years after that. We forecast, we budget. And we, we didn’t have that figured out either, because leisure came back in 2021, just, you know, gangbusters completely threw our forecast out. Because that’s what we do.

Hospitality 52

Hospitality Services Management Travel 52

SiteMinder

MARCH 16, 2025

A well-managed hotel not only improves guest satisfaction but also directly impacts profitability. With occupancy rates projected to increase by 2.5% In a highly competitive industry, even small improvements in service quality can lead to higher occupancy rates and repeat bookings.

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