Hotelogix

NOVEMBER 30, 2023

Online Travel Agents for hotels or OTAs serve as important distribution channels for hotels. OTAs are online platforms or websites that sell hotel rooms to customers. An excellent marketing strategy incorporates OTAs to boost sales and revenue. These statistics show why OTAs are essential for hotels.

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OTA Hotels Online Sales Marketing 59

Hotel Speak

JANUARY 28, 2025

Simplified Distribution: Managing room inventory across multiple Online Travel Agencies (OTAs) can be complex. Single-solution platforms harness AI to: Analyze booking trends and forecast demand. Adopting AI and Automation The future of hospitality lies in AI-driven tools that automate routine tasks and provide predictive insights.

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Management Hospitality Revenue Management Revenue 94

STAAH

APRIL 16, 2024

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.

Revenue Management 108

Revenue Management Revenue Management Forecasting 108

Hotelogix

OCTOBER 24, 2024

It analyses several factors including demand, season, occupancy forecast, and competitor pricing, etc. Channel Manager A channel manager is a software that helps you distribute/update your hotel’s rooms and rates on all the connected Online Travel Agencies (OTA). For example, you sell your rooms on 5 OTAs.

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OTA Management Overbooking Cancellation 52

Hotel News Resource

MAY 2, 2023

Could short-term rental data play a vital role in being able to predict market demand before your competition? Find out in this article.

Forecasting 104

Forecasting Marketing Market Hotels 104

Hotel Speak

SEPTEMBER 26, 2024

Core Pricing Strategies for Hotel Trading Bots Programming effective hotel trading bots starts with identifying robust pricing strategies, including: Dynamic Rate Setting Bots analyze historical booking data, forecasted demand, local events, and other factors to set optimal daily rates aimed at maximizing RevPAR.

Revenue Management 105

Revenue Management OTA Revenue Forecasting 105

Hotelogix

JANUARY 19, 2025

Steps to Analyze Competitor Pricing: Track room rates across OTAs and direct websites. Historical Forecasts Historical data helps you predict future demand and optimize rates. How to Use Forecasting: Analyze past trends for high-demand and low-demand periods. Compare room types (standard, deluxe, suite) and amenities offered.

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Minimum Length of Stay Occupancy Forecasting Revenue 40

Xotels

MARCH 3, 2025

These tools use data-driven insights, automation, and forecasting to ensure youre charging the right price at the right time. Guest actions Who makes direct bookings versus through OTAs, and how can you influence them? Forecasting helps you prepare for the future, with the right pricing, staffing, and strategies already implemented.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

SiteMinder

JULY 13, 2024

Without it, your business is essentially forfeiting the ability to boost bookings, revenue and profit, offer competitive rates and promotions, and forecast effectively. That said, one has to ask: why are so many hotels’ margins still being eroded away by OTAs ? Some OTAs still use cached pricing.

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Revenue Management Revenue Management OTA 98

STAAH

MAY 21, 2024

Decision: Should we increase or hold the retail pricing on online travel agents (OTAs) and the brand website? Forecast Accurately: Use forecasting to inform pricing, yield management , and channel management decisions. Consider the following scenarios to illustrate this point: 1.

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Occupancy Retail Yield Management Revenue 113

Hotel Speak

FEBRUARY 1, 2024

The top five features listed by RMS users are: Automated pricing recommendations Real-time insights Quick and efficient forecasting Ease of use Market intelligence data Tech Investment Set to Continue Hotel tech spending continues to increase, with 60.7% of respondents saying they had spent more in 2023 compared to 2022, and 71.4%

Revenue Management 105

Revenue Management Revenue Management Forecasting 105

Little Hotelier

JANUARY 19, 2025

Net rate : This is the rate after subtracting any commissions or fees, often used in negotiations with online travel agencies (OTAs) or corporate bookings. Plus, OTAs and other industry partners will normally negotiate based on your rack rate, so you really need to have one if youre going to operate smoothly with other players.

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Rack Rate OTA Revenue Hotels 52

Cloudbeds

NOVEMBER 15, 2024

Decision intelligence unifies the full range of pricing decision-making through both OTAs and direct bookings. It’s equipped with forecasting, trend analysis, and automation capabilities and is built into the Cloudbeds platform, allowing users to make smarter, data-driven decisions directly across the system.

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Upsell Occupancy Revenue Management Revenue 105

Hotel Speak

FEBRUARY 26, 2024

Adam Harris, Co-Founder and CEO of Cloudbeds , said: “The outlook for the travel industry in 2024 looks rather encouraging, with economic forecasts shifting from fears of a global recession to expectations of a soft landing and moderate growth. Online travel agencies (OTAs) have returned stronger than ever.

Average Daily Rate 110

Average Daily Rate OTA Overbooking Travel 110

STAAH

AUGUST 22, 2023

Anticipating your demand The first step to optimise for low occupancy periods is to understand when they happen – forecasting demand is critical to manage it. However, a better picture can be drawn if you look outside into the real world for this data – competitor rates, airline prices and even economic forecasts are important to consider.

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Occupancy Forecasting OTA Revenue 98

Hotel Business

DECEMBER 12, 2022

The data covers key hotel performance indicators such as occupancy, RevPAR, booking lead time, length of stay, international and domestic travel, direct and OTA bookings, as well as upsell performance to forecast trends shaping the hotel industry in 2023.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

Hotel Speak

NOVEMBER 19, 2024

Forecasting High-worth customers are known for booking at the last minute. When casinos are armed with a forecast that predicts this type of demand, they can price accordingly. Having a system that can give you real-time pickup is highly valuable when you’re creating forecasts,” Reed says. “It

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Casinos Revenue Management Revenue Management 79

STAAH

APRIL 23, 2024

Interactive dashboards and visual representations make it easier for revenue managers to make data-driven decisions, identifying revenue trends, tracking performance metrics, and accurately forecasting future demand.

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Revenue Management Revenue Ancillary Revenue Management 109

STAAH

MAY 22, 2024

Designed specifically for the hospitality industry, it offers easy channel management, rate distribution, and inventory control across multiple online travel agencies (OTAs) and booking channels. Additionally, IDEAS offers forecasting tools, allowing hotels to anticipate demand and adjust pricing accordingly.

Revenue 107

Revenue Revenue Management Management Marketing 107

SiteMinder

AUGUST 11, 2024

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. A richer data set will allow for a clearer picture of market conditions and improved forecasting.

Revenue Management 84

Revenue Management Revenue Management Forecasting 84

Hospitality Today

NOVEMBER 10, 2024

The OTA beat earnings estimates and raised its 2024 bookings forecast to 5%, driven by strong international travel demand

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Forecasting OTA Travel 40

SiteMinder

JUNE 12, 2024

Learn more Yield management vs revenue management The goal of yield management is not merely to increase room rates or occupancy; rather, it’s to maximise your hotel’s revenue by forecasting your room supply and demand across a variety of key factors. Informed Decision-Making : Yield management relies heavily on data analytics.

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Yield Management Management Revenue Management Revenue 98

Hotelogix

FEBRUARY 27, 2025

How many direct bookings are you losing to OTAs due to poor integration? With a centralized HMS, revenue management tools can optimize pricing strategies, direct booking systems can reduce OTA dependency, and automated staffing solutions can ensure that operational costs remain under control.

Operations 40

Operations Services Hotels Revenue 40

STAAH

MAY 16, 2023

3) Forecasting Forecasting is the lifeblood of revenue management. Forecasting in revenue management relies on setting prices based on what you expect the demand to be. For instance, corporate clients may spend more on services within the hotel and get more volume of bookings throughout the year.

Revenue Management 98

Revenue Management Occupancy Upsell Revenue 98

Cloudbeds

APRIL 1, 2025

In the battle for direct bookings, hotels face intense competition from OTAs marketing power in the online space. Beyond their vast budgets, OTAs also leverage powerful algorithms to optimize every aspect of their campaigns, consistently achieving higher ROAS (Return on Ad Spend) than individual properties.

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STAAH

JUNE 4, 2024

3) Direct Booking Incentives: Encouraging guests to book directly through the website rather than third-party platforms or online travel agents (OTAs) can result in cost savings and generate more revenue for hotels. Hoteliers must ensure their website is intuitive, mobile-responsive , and visually engaging to encourage conversions.

Revenue 109

Revenue Hotels Occupancy Management 109

Cloudbeds

MARCH 23, 2023

eCommerce sites include hotel websites and booking engines , online travel agencies (OTAs), metasearch engines , and other online platforms where hotels advertise and sell rooms. Metasearch advertising can be an effective way to reach these travelers, compete with OTAs, and generate direct bookings.

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OTA Digital Marketing Marketing Market 98

Xotels

APRIL 3, 2024

Following best practices and a well-thought-out strategy is the only way to unlock the full potential of revenue for your hotel , with benefits including: Claim your fair market share: with more hotels forecasted to open every year , gaining a fair market share will become more difficul t each year.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Hotelogix

JANUARY 19, 2025

Essential Features of a Good PMS Integration with OTAs and Channel Managers An effective PMS integrates seamlessly with Online Travel Agencies (OTAs) and channel managers, ensuring real-time updates for room availability and pricing across platforms.

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Management Operations Occupancy Revenue 40

STAAH

NOVEMBER 8, 2022

The second of our two-part blog series on revenue management looks beyond challenges towards trends emerging from dwindled demand, patchy recovery and flipping of established revenue management processes to forecast and inform pricing. If you’re lost amidst volatile demand and ineffective conventional forecasting methods, don’t worry.

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Revenue Management Revenue Management Forecasting 98

Hotel Financial Coach Blog

JULY 28, 2024

With my workshops and speaking, I often do an exercise where I challenge each leader to find a minimum of $250 in next month’s forecast. The DOS commented that he thought it would help lower OTA costs by directing the clients to call the hotel “just like the old days.” It can also be a source of new revenue.

Hospitality 130

Hospitality Revenue Revenue Management Management 130

Hotel Business

AUGUST 22, 2024

TruePlan: A budgeting and forecasting software that allows hoteliers to simplify and streamline budgeting processes and forecast with confidence. Rec: An automated financial reconciliation software to automatically detect accounting discrepancies for bank and OTA reconciliations and income audit journaling.

Forecasting 52

Forecasting OTA Operations Business 52

Little Hotelier

OCTOBER 17, 2024

Financial planning and forecasting The key to financial planning and forecasting? The best hotel management accounting software boosts profits through practices like forecasting, dynamic pricing , direct bookings and streamlined inventory management.

Average Daily Rate 93

Average Daily Rate Revenue Hotels Sales 93

Cloudbeds

NOVEMBER 13, 2024

Episodes discuss market performance, forecasting , and the impact of various factors in the hospitality industry. The Boostly Podcast Hosted by Mark Simpson and Liam Carolan, The Boostly Podcast empowers hospitality professionals to increase direct bookings and reduce reliance on online travel agencies (OTAs). Who’s it for?

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Hospitality Events Hotel Marketing Marketing 52

Inn Quest

FEBRUARY 1, 2023

Hoteliers can also use a channel manager to seamlessly connect with popular OTAs such as booking.com, Expedia, AirB&B, etc. An RMS can automate rate optimization, forecast pricing, and engage with potential guests. Integrated platforms help increase the hotel’s visibility, maximize occupancy, and decrease overbookings.

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Management Consumer Hotels Overbooking 88

Hotel Financial Coach Blog

JULY 28, 2024

With my workshops and speaking, I often do an exercise where I challenge each leader to find a minimum of $250 in next month’s forecast. The DOS commented that he thought it would help lower OTA costs by directing the clients to call the hotel “just like the old days.” It can also be a source of new revenue.

Hospitality 100

Hospitality Revenue Revenue Management Forecasting 100

SiteMinder

DECEMBER 3, 2023

Websites such as Trivago and Skyscanner are experiencing rapid growth (68% and 42% year-on-year respectively), and a study by Momondo forecasts the comparison sites market to grow more than 40% by 2017. Use travel comparison sites Travel comparison sites have been instrumental in empowering consumers, and usage in the UK is high.

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Cost Per Click Travel OTA Consumer 105