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Marsden Hotel Group, owner and operator for successful 4-5 start properties across New Zealand, has teamed up with STAAH, a leading technology provider for hospitality businesses, to boost the revenue-generating capabilities of the properties in its network.
Hoteliers need to employ smart strategies to optimize revenue and profitability. One of the most powerful tools in their arsenal is a robust RevenueManagement Solution (RMS). This enables hoteliers to adjust room rates dynamically to maximize revenue based on current market conditions.
It’s hard to imagine revenuemanagement before the advent of hotel software and systems. Thanks to these solutions, today’s revenuemanager 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.
The right sales tactics can help increase revenue, boost occupancy rates , and ensure guests have a positive experience. By encouraging guests to book directly through your website, you can keep more of the revenue and build stronger relationships with your guests. Implement Dynamic Pricing for Optimal Revenue What is Dynamic Pricing?
Amadeus GDS is one of the hospitality industrys leading globaldistributionsystems. With connections to 400+ airlines and 50+ rail, cruise and ferry operators, Amadeus is a gateway to new revenue opportunities. The channel manager has been invaluable as we expanded from three to 11 channels.
What is revenue optimization? Revenue optimization in hotels is a comprehensive strategy that accounts for all revenue streams and uses data to enhance the overall revenue performance of the business. Table of contents Why is hotel revenue optimization important? Our smart hotel platform helps you do exactly that.
As an independent hotel owner, you understand the challenges of driving revenue in a competitive market. In this blog, we will delve into different aspects of hotel revenuemanagement and explore top tips and tricks to help you optimize your hotel’s revenue potential.
XOTELS – RevenueManagement eBook In the first chapter of this eBook, we will go over the definition of what is revenuemanagement in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenuemanagement to more advanced practices and strategies.
Australian revenuemanaged hotels had a 40% RevPAR increase in 2022 and ADR was up 10% on 2019 figures. Corporate bookings have also increased across the group, with globaldistributionsystem (GDS) room nights up 42% compared to 2021.
The answer lies in the use by over 600,000 Travel Agents of one of the 4 GlobalDistributionSystems (GDS) – Sabre, Galileo, Amadeus or Worldspan. What is GlobalDistributionSystems (GDS)? What is GlobalDistributionSystems (GDS)? How Does GDS Work? How Does GDS Work?
Travelport GDS is a globaldistributionsystem vendor that connects travel service providers (hotels, airlines, car hire companies) with travel agents who book these services on behalf of their clients. What is Travelport GDS? What does Travelport GDS do?
I look forward to supporting him as we work together to leverage the power of the BWH Hotels globaldistributionsystem, loyalty program, and quality assurance.” He moved to New Zealand to be part of the opening team at Abstract Hotel and Residences in Auckland, managed by Capstone.
We recently spoke to Alexandra Rolton , Strategic Sales & Key Account Manager , about the group’s operations and how it has been utilising SiteMinder’s platform to optimise operations and revenue strategies. “We We provide versatile accommodations which allow us to work with both long and short term guests,” she said.
Table of contents SiteMinder solves online visibility woes Apart from providing the best service possible, hotels must not neglect the need to maximise their sales channels to boost revenue. Unfortunately this practice was difficult to achieve for Hanging Gardens of Bali. Fortunately, SiteMinder was able to change this.
Choosing the best channel manager isn't just about convenience. It can directly impact revenue, guest satisfaction, and your ability to scale. What Is a Channel Manager and Why Does It Matter? Delays can lead to double bookings or lost revenue. Use these to stay on top of potential issues.
EBITDAR formula explained One way to calculate EBITDAR is first to determine earnings by subtracting all expenses from revenue and then adding back five cost categories. EBITDAR is calculated using details from the income statement, which presents a company’s revenues and operating expenses over a specific period.
Effective hotel distribution strategies enable hotels to target the right audience, optimise occupancy rates, and enhance revenuemanagement. Hotels have worked with third parties such as airlines, travel agents, online travel agents (OTAs) and the GlobalDistributionSystem (GDS) for decades.
Skift Take: Travelers worldwide want to purchase and manage ground transport tickets digitally, same as they typically can for flights and hotels. The industry is finally starting to respond. Justin Dawes Read the Complete Story On Skift
The reservation system acts as the central hub of the reservation ecosystem, which may also include a website booking engine, channel manager, and revenuemanagementsystem. When integrated, these modules work together to help hotels manage room availability, distribution, reservations, and revenue.
Hotel inventory management is the process of efficiently overseeing and optimizing a hotel’s available resources including rooms, services and facilities, to maximize revenue and guest satisfaction. Effective management ensures that rooms are allocated efficiently and priced competitively.
Read an in-depth blog on optimal distribution mix This broad distribution capability allows hotels to reach a diverse audience through platforms such as online travel agencies, globaldistributionsystems, metasearch engines, and their own website.
Revenue tips were engrossing – Hotel revenuemanagement: Strategies to boost topline revenue had readers poring over the page for an average of 9.5 Now, onto the podium… Our top three most viewed blogs in 2022 were: What is a globaldistributionsystem (GDS) and is it right for your hotel?
This means using a mix of online and offline channels, like Online Travel Agents (OTAs), meta-search engines, direct bookings, reviews, GlobalDistributionSystems (GDS), and more. Using a mix of these channels helps hotels reach more customers, boost revenue, and manage room availability easily while competing in the market.
SiteMinder’s platform empowers you to execute your hotel business plan seamlessly and drive revenue growth. Key goals: State your main objectives, such as increasing occupancy rates, boosting revenue, or expanding your hotel chain. Revenue and pricing Now we’re onto the good bit!
To help keep operations running efficiently and profitably, the group uses SiteMinder’s leading platform to managedistribution, revenuemanagement, improve their online visibility and use analytics to make informed decisions. SiteMinder allows us to connect to various distribution channels and makes the connection easy.
We spoke to Ulfa Oktafiani , E-Commerce & RevenueManager , about how the property keeps operations running smoothly when there is so much to manage. We exclusively use SiteMinder’s channel manager as we think there’s no better solution to fulfil our distribution needs,” Ryan explained.
We spoke to Ulfa Oktafiani , E-Commerce & RevenueManager , about how the property keeps operations running smoothly when there is so much to manage. We exclusively use SiteMinder’s channel manager as we think there’s no better solution to fulfil our distribution needs,” Ryan explained.
Have you ever wondered what makes a hotels distribution strategy truly effective? Hotel distribution isnt just about listing your rooms on a few booking sites and hoping for the best. Article Summary What Are Hotel Distribution Channels? What Are Hotel Distribution Channels? Spoiler alert: this is exactly that!
But before we get into the techie part, let’s understand what exactly hotel distribution is. Simply put, hotel distribution refers to the process by which hotels make their rooms, rates, and inventory available to potential guests. This not only boosts revenue but also enhances the guest experience by making them feel valued.
Revenuemanagement integration For properties working with globaldistributionsystems (GDS), a property managementsystem and GDS integration can help maximise exposure. Choose a PMS that integrates with revenuemanagement software and set it to update rates in real-time.
While you want them to choose your hotel (and ideally book through your website), you should also aim to maximize the performance of your booking channels to generate more revenue at lower acquisition costs. That’s the essence of a hotel distribution strategy.
The enhanced Agency360+™ corporate performance dashboard delivers greater insight into corporations that are being booked via the GlobalDistributionSystem (GDS) in individual markets, providing users with more clarity as to which corporations and associated travel agencies are bringing the most value to their business.
Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Online sales in the hotel segment will generate 80% of total revenue in 3 years. Online travel agencies make up the top two revenue generating positions in 79% of major destinations.
The main function of a CRS is to act as a hub for all distribution activities, including making available rooms visible across distribution channels, allowing travelers and travel agents to make reservations, and collecting booking data. The revenuemanagementsystem (RMS). Busy Rooms.
A Central Reservation System (CRS) helps hotels manage room availability, pricing, and bookings from different channels. These channels include Online Travel Agencies (OTAs) like Booking.com, direct bookings through the hotel’s website, and GlobalDistributionSystems (GDS).
Other than the front of house managers and night managers, a hotel’s management staff go largely unseen by guests. From hiring all staff to scheduling maintenance to creating new revenuemanagement strategies , the hotel management team is extremely busy. Operations manager. Night duty manager.
On the other hand, a channel manager is a more comprehensive tool designed to manage and synchronise a hotel’s inventory across multiple online distribution channels, such as online travel agencies (OTAs), globaldistributionsystems (GDS), and direct booking platforms.
It cuts out middlemen, ensuring the best rates for guests and higher hotel revenue. Properties still relying on phone or form bookings are losing revenue, especially amongst younger travelers who are less likely to reach out directly to the hotel. This information is sourced directly from the hotel’s property managementsystem.
For growing hospitality businesses, a channel manager is a fundamental part of successful revenuemanagement and distribution strategy. In this guide for hospitality professionals, you’ll learn all about Channel Managers, from how they work to what makes great software for your business specifically. What’s an API?
Hospitality management is simply a broader term that can be applied to any business in the hospitality industry: not just hotels, but restaurants, bars, cafes, tour companies and more. Hotel management made easy Streamline hotel management, boost revenue, and enhance guest experience with SiteMinder's smart platform.
RevPAR , or revenue per available room, is one the easiest ways to predict revenue for a hotel. To ensure you’re operating at a profit, you’ll need to understand pricing at your hotel and optimise your pricing strategy so that you maximise the revenue that you generate per room and per guest.
Hospitality management is simply a broader term that can be applied to any business in the hospitality industry: not just hotels, but restaurants, bars, cafes, tour companies and more. Hotel management made easy Streamline hotel management, boost revenue, and enhance guest experience with SiteMinder's smart platform.
Hotel distribution is the backbone of a successful revenuemanagement strategy. In todays digital landscape, travellers have countless ways to book a hoteldirect websites, online travel agencies (OTAs), globaldistributionsystems (GDS), metasearch engines, and even social media platforms.
In this guide, we’ll share simple strategies to help your hotel grow and start earning revenue. According to Hotelogix, integrating a Channel Manager not only saves time but also maximizes revenue by keeping your rates competitive and availability accurate across all platforms.
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