Catala Consulting

JANUARY 8, 2024

Introduction Revenue Management Systems (RMS) are the cornerstone of modern hospitality and travel industries. This article will explore the evolution of RMS, highlighting key developments and the impact on the hospitality industry. They primarily helped in setting room rates and managing reservations.

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Revenue Management Revenue Management Forecasting 52

Hotelier Magazine

DECEMBER 17, 2024

This illumination is facilitated with hotel market segmentation, a key component of a viable hotel revenue-management strategy. IHG is a great practitioner of market segmentation, says Tarandeep Singh, regional VP of Commercial, Marketing & Revenue Management, Canada, IHG Hotels & Resorts.

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Revenue Management Revenue Market Marketing 52

Refine

OCTOBER 9, 2023

Hospitality is awash with data. From pricing analysis to targeted marketing, from occupancy rates to guest engagement, every hotelier knows that metrics are important – but how do you sort the interesting from the invaluable? What to Do with the Hotel Data?

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Target Marketing Occupancy Hotels Marketing 105

STAAH

DECEMBER 12, 2023

Here are 8 smart pricing strategies for hotels to boost revenue and drive more bookings during the holiday season The holiday season marks a period of increased travel, festive cheer, and heightened demand in the hospitality industry. Craft targeted marketing campaigns that resonate with specific audience segments.

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STAAH

OCTOBER 15, 2024

Example: STAAH Channel Manager STAAH’s channel manager synchronizes room availability and rates across OTAs like Booking.com , Agoda , and Expedia. Revenue Management Software (RMS) Revenue Management Software (RMS) optimizes room pricing by analyzing market trends, competitor pricing, and demand patterns.

Operations 110

Operations OTA Overbooking Revenue 110

Cloudbeds

APRIL 15, 2024

The hospitality industry is notorious for the number of time-consuming and tedious tasks that must be completed every single day. From checking in guests and entering reservations to managing rates and assigning rooms, many hotels still perform a lot of manual tasks. Listen to the full episode of the Turndown featuring Luka Berger.

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Revenue Management Hotels Operations Revenue 98

SiteMinder

NOVEMBER 18, 2024

However, one of the most efficient ways to do it is by using technology to support the operations and revenue management of your hotel. For example, a hotel platform like SiteMinder will help you find more guests, boost revenue, optimise pricing, enhance the guest experience, improve cash flow, analyse performance, and more.

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ROI Revenue Management Revenue Hotels 96

SiteMinder

AUGUST 1, 2024

A well-crafted hotel business plan is essential for laying the foundation for success in the competitive hospitality industry. Here’s what to include in your executive summary: Hotel concept: Briefly describe your hotel’s unique features, target market, and overall vision. Smart technology: What smart devices (e.g.,

Business 95

Business Revenue Hotels Occupancy 95

Inn Quest

SEPTEMBER 5, 2023

Managing your hotel’s inventory efficiently can significantly impact your bottom line, guest satisfaction and overall operational effectiveness. Ensure your PMS is user-friendly and integrates seamlessly with other systems like the channel manager and revenue management system (RMS).

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Management Overbooking Revenue Hotels 87

Hotel Business

JANUARY 16, 2024

We are now expanding to other ownership groups while focusing on specific target markets where we have a competitive advantage and that will enable us to generate superior operating performance.” “It’s a testament to our eagerness to extend our long-term expertise, elevate service standards and forge new partnerships.

Services 64

Services Management Target Marketing Operations 64

Cloudbeds

OCTOBER 23, 2024

San Diego, CA – Cloudbeds has today revealed plans to become the world’s first property management system (PMS) to connect every facet of hotel operations into a single intelligence network, powered by causal and multimodal AI. Cloudbeds Intelligence will unlock new revenue potential for hoteliers across every aspect of their business.”

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Hotelier Magazine

JANUARY 24, 2024

Even in the context of hospitality, we say “customer” instead of “guest” because one of the key roles of a CRM is to connect all the different profit centres on-premises via APIs [application programming interface] into unified customer profiles,” says Adam Mogelonsky, partner, Hotel Mogel Consulting Limited.

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Business Hospitality Email Marketing Management 59

Cloudbeds

MARCH 3, 2023

A POS system lets you quickly process and record transactions across your property to improve the guest experience, streamline operations , and conduct better revenue management. POS software plays an essential role in the hospitality industry, and the global POS software market is predicted to reach $19.56

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Sales Hotels Revenue Services 98

Catala Consulting

JANUARY 9, 2024

Although simple, this formula is incredibly insightful, offering a transparent view of the efficacy of marketing endeavours. Effective Strategies for CAC Optimization Targeted Marketing Approaches Customizing marketing initiatives for specific customer segments can notably reduce CAC. Facebook Twitter LinkedIn

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Catala Consulting

DECEMBER 28, 2023

In the hospitality industry, hoteliers are constantly seeking innovative strategies to enhance guest satisfaction, optimize operations, and boost revenue. In recent years, the hospitality industry has seen rapid changes in guest expectations, largely driven by technological advancements and changing consumer values.

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STAAH

OCTOBER 15, 2024

Example: STAAH Channel Manager STAAH’s channel manager synchronizes room availability and rates across OTAs like Booking.com , Agoda , and Expedia. Revenue Management Software (RMS) Revenue Management Software (RMS) optimizes room pricing by analyzing market trends, competitor pricing, and demand patterns.

OTA 52

OTA Overbooking Revenue Management Revenue 52

Cloudbeds

MARCH 23, 2023

Travel sites like Airbnb and VRBO create similar expectations in the hospitality industry by allowing travelers to browse destinations and accommodations, peruse photos, descriptions, and amenities, make a reservation, and process payment , all with just a few clicks. Choose the platforms that best meet your marketing objectives and budget.

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Cloudbeds

MARCH 20, 2023

What is hotel market segmentation? Hotel market segmentation is the process of grouping hotel guests into categories based on shared behavior and characteristics. It is a fundamental process of revenue management, but also brings benefits to marketing, operations, and the guest experience.

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Hotel Marketing Marketing Market Average Daily Rate 52

Cloudbeds

AUGUST 8, 2024

Whether you’re a revenue manager, accountant, front office manager, or hotel owner, you need real-time data and visualizations to understand what’s happening at any given time. With business intelligence, you have the knowledge to drive hotel operations, increase your revenue, and enhance your guest experience.

Business 40

Business Revenue Management Forecasting Revenue 40

Hotelier Magazine

MAY 4, 2023

That said, the industry as a whole still shows some resistance to digital acceleration, so one of the key factors in designing high-tech for a low-tech industry such as hospitality is making sure it’s intuitive and easy-to-use. The truth is, demand in the hospitality industry constantly fluctuates.

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Operations Hotels Services ROI 105

SiteMinder

JANUARY 8, 2024

The difference between hotel management vs hospitality management Hotel management and hospitality management can be different terms for the same thing: managing a hotel. Learn more Different parts of hospitality management operations Hospitality is an umbrella term to many industries.

Operations 59

Operations Management OTA Hotels 59

SiteMinder

NOVEMBER 15, 2022

While this might be your first thought, ALOS is more than just another fancy hospitality acronym. It’s a key hotel metric to track if you want to optimise your distribution, reduce costs and increase revenue. It also differs depending on the property type, location and target market. Table of contents. days on average.

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Average Length of Stay Minimum Length of Stay Revenue Target Marketing 59

Cloudbeds

MARCH 15, 2023

Most properties use a channel manager to share their inventory to keep all their channels, rates, and rooms in one place. Participate in events and tradeshows Connections are everything in the hospitality industry and can be vital in securing steady direct bookings via local tourism bureaus and other hospitality professionals.

OTA 98

OTA Revenue Sales Hotels 98

SiteMinder

JANUARY 8, 2024

The difference between hotel management vs hospitality management Hotel management and hospitality management can be different terms for the same thing: managing a hotel. Learn more Different parts of hospitality management operations Hospitality is an umbrella term to many industries.

Operations 52

Operations Management OTA Hotels 52

SiteMinder

SEPTEMBER 4, 2024

Consistent conversion rates allow you to better forecast occupancy and manage revenue strategies more effectively, leading to a healthier financial position for your hotel. In the competitive hospitality industry, optimising booking conversions is key to staying ahead.

Hotels 75

Hotels Revenue Market Marketing 75

SiteMinder

OCTOBER 11, 2022

Cloud-based PMS solutions are a superior way to automate and accelerate all the important processes at your hotel including; Taking and confirming bookings, Managing reservations, Generating bills and reports, Check-in/out, Room transfers, Checking/editing availability, Guest communication. Revenue management. Increase bookings.

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Hotelogix

AUGUST 27, 2024

When your hotel business embraces a multichannel strategy, you can attract more guests, increase revenue, and thrive in an ever-changing hospitality landscape.   Revenue Management Systems: Utilize revenue management systems to optimize pricing and yield across various channels.

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Global Distribution System OTA Revenue Hotels 52

Hotel Speak

MAY 9, 2023

Clearly, cost control is an important aspect of the hotel and hospitality management industry that enables hotels to gain a competitive edge over their competitors. With the right approach, hotels can get their fair share of direct revenue and own valuable guest data that provides insights to take their strategy to the next level.

Hotels 59

Hotels Upsell Revenue Marketing 59

eZee Absolute

JANUARY 9, 2023

Use social media marketing. Invest in the latest hospitality technologies. If you have been thinking of targeting this group of travelers, then here are some of the benefits you would love to learn about: 1. You can also turn to revenue management experts to create pricing strategies that bring in better profit.

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OTA Hotels Accommodation Travel 52

Cloudbeds

JANUARY 10, 2025

The most popular metasearch platforms in the hospitality industry include Google Hotel Ads, Tripadvisor, KAYAK, Trivago, Hopper, and Skyscanner. 6 hotel metasearch tips & strategies To maximize your return on investment in hotel metasearch marketing, consider the following strategies: 1.

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Cost Per Click Market Marketing OTA 52

Xotels

JUNE 2, 2023

In the dynamic landscape of the hospitality industry, generating direct bookings has become a top priority for hotel owners. As a hotel management company , we understand the challenges they face in developing effective hotel marketing strategies to drive bookings through their own portals. I am sure you are familiar with this.

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Marketing Strategy Hotel Marketing Market Marketing 40

Cloudbeds

JANUARY 31, 2025

The hospitality industry is undergoing a remarkable transformation through artificial intelligence. The direct booking challenge in the modern hospitality sector The story is familiar to hoteliers everywhere: OTAs dominate the online booking space, charging significant commissions that impact your profitability.

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OTA Operations Services Target Marketing 40

Hotelogix

JANUARY 12, 2025

This practice simplifies revenue management, builds trust with booking partners, and avoids conflicts between platforms. Instead, start with 3–5 well-chosen OTAs that cater to your target market and region. Deciding whether to use a GDS depends on your target market and goals. Should You Sign Up?

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