Remove Forecasting Remove Global Distribution System Remove Occupancy
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8 Essential Features To Consider When Choosing a Revenue Management Solution for Your Hotel

STAAH

Integration with Distribution Channels: Seamless integration with distribution channels such as online travel agents (OTAs) , global distribution system (GDS) , and direct booking channels is essential for efficient inventory management and distribution.

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Amadeus GDS: What is it used for?

SiteMinder

Amadeus GDS is one of the hospitality industrys leading global distribution systems. Succeed easily on the GDS with the best distribution solution Make the most of Amadeus and other global distribution systems with SiteMinders leading hotel platform. What is Amadeus GDS? What is Amadeus GDS used for?

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Revenue optimization: Full guide for hotels

SiteMinder

Included in this will be key metrics, forecasting models, and trending insights. Here are some of the key benefits: Increased profitability: By setting the right room rates and managing inventory effectively, hotels can maximize their revenue without necessarily sacrificing occupancy rates. This can be divided into three categories: 1.

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How to target Corporate Clients to your hotel in 2023?

STAAH

As the markets have opened up and travel continues to rise, Hoteliers should not ignore this important market segment – Corporate clients to maximize occupancy and revenue. Having a connection with GDS can help you get weekly insightful data and reports to monitor your booking trends and for forecasting. of corporate clients.

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From convenient to central: How technology is driving the future of revenue management

SiteMinder

It’s hard to imagine revenue management before the advent of hotel software and systems. Thanks to these solutions, today’s revenue manager can produce forecasts, distribute inventory and adjust rates with speed – a stark contrast to the manual and long drawn-out processes that defined the practice in the past.

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EBITDAR explained: Driving financial health for hotels

Cloudbeds

Financial analysis When EBITDAR is combined with other metrics, such as ADR (average daily rate), occupancy rate, or RevPAR (revenue per available room) , it can help dig deeper into financial metrics. Improve marketing and distribution Optimize distribution channels to reduce sales commissions.

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Hotel industry statistics: Guide for hotels

SiteMinder

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. This kind of data is invaluable for hoteliers who want to analyse performance, benchmark, forecast, and plan strategically to ensure business success. Hotel occupancy will increase 2.5%