Hotelogix

DECEMBER 25, 2023

  More online room sales A cloud-based PMS can easily integrate with other third-party hospitality solutions like a hotel channel manager. The integration allows real-time rates and inventory updates across multiple online sales channels, including OTAs and metasearch engines.

Revenue 59

Revenue Sales Shopping Hotels 59

eZee Absolute

NOVEMBER 1, 2022

Statista ) In 2022, the global hotel and resort industry market was forecast to reach $1.06 Statista ) Hotel room nights demand and room revenues in 2022 are expected to nearly return to 2019 levels. Room revenue is expected to reach $168 billion and occupancy is projected to be 63.4%. Revenue Management.

Hospitality 52

Hospitality Revenue Management Revenue Travel 52

Hotelogix

NOVEMBER 30, 2023

For guests, they are like the ultimate platform to look at multiple options, compare rates, read reviews, see hotels’ online scores, etc.,   Importance of OTAs for hotel booking As online sales channels, OTAs generate about 50% to 55% of hotel bookings. before making the reservation - everything in one place.

OTA 59

OTA Hotels Online Sales Marketing 59

Hotel Business

JUNE 27, 2023

Rethinking parking as a key revenue stream Just like rooms, food and beverages, and event spaces, parking should be considered a key revenue-generating component within a hotel’s ecosystem. A data-driven approach to parking management can yield significant benefits for your hotel, including improved efficiency and increased revenue.

Revenue 59

Revenue Hotels KPI Revenue Management 59

SiteMinder

DECEMBER 4, 2023

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%

Occupancy 59

Occupancy Hotels Revenue Average Length of Stay 59