SiteMinder

AUGUST 1, 2024

We were able to increase RevPAR by more than 30% by executing yield management on the platform swiftly and accurately.” Forecast demand using historical data and set automated rules to adjust availability based on occupancy rates and booking patterns.

Revenue 52

Revenue Yield Management Overbooking Management 52

Catala Consulting

JULY 30, 2023

Resort revenue management has become an indispensable tool for businesses, fostering strategies that maximize yield and build strong customer relationships. The Cornerstones of Resort Revenue Management Resort revenue management , interchangeably used with yield management, revolves around a strategic pricing approach.

Revenue Management 52

Revenue Management Revenue Resorts Management 52

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.

Target Marketing 59

Target Marketing Revenue Yield Management Market 59

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.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Inn Quest

JUNE 8, 2023

To learn about the benefits of yield management in the hotel industry, read this. By using AI in the hospitality industry, managers can leverage advanced statistical techniques and machine learning to analyze data, external factors (e.g., weather, events) and market trends to predict future booking demands.

Hospitality 54

Hospitality Upsell Services Operations 54

SiteMinder

DECEMBER 20, 2023

While it is capable of generating predictive analysis, such as yield management reports that forecast demand and guide rate adjustments, some users say that these reports don’t convert well to Excel. The ThinkReservation reporting suite is limited , showing only simple accounting and reservation statistics.

OTA 59

OTA Yield Management Management Business 59

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.

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

SiteMinder

OCTOBER 9, 2022

The art is to maximise revenue with rate premiums when there is an abundance of demand and also set competitive and sustainable rates in the low season when market demand is more fiercely contested: in short, yield management. Revenue managers continuously solve an ever-changing puzzle, where occupancy and ADR are two key pieces.

Revenue Management 59

Revenue Management Revenue Management Occupancy 59

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

AUGUST 27, 2024

Cons: Unpredictable Revenue: Walk-ins are hard to forecast, leading to fluctuating occupancy rates. Utilize revenue management systems and tools to make data-driven pricing decisions and maximize revenue potential.  Walk-ins Pros:  Instant Revenue: Walk-ins generate immediate bookings resulting in increased revenue. 

Global Distribution System 52

Global Distribution System OTA Revenue Hotels 52

SiteMinder

APRIL 25, 2024

The exact genesis of yield management (now revenue management) in the hospitality sector is hotly debated,” says Stuart-Hill. However, Marriott was one of the pioneers in the hospitality industry to develop computer models designed to support revenue decision-making, so it is primarily cited as the first.”

Revenue Management 111

Revenue Management Revenue Management Hotels 111

Hotel Business

JULY 12, 2023

Breaking old habits with new ones Revenue management technology has been around for more than 40 years, but that’s a drop in the bucket for the broader history of travel and hospitality. Hoteliers have expectations and rely on internal and external forecasts to help define their short- and long-term success.

Revenue Management 52

Revenue Management Services Revenue Management 52