Social Tables

SEPTEMBER 22, 2017

If a hotel knows that most people come to it because of its location as opposed to its amenities, they can heavily market that feature to maximize their appeal. Improving Occupancy Rates Using Big Data for Hotels. Big data for hotels offers increased efficiency. Time- and Location- Specific Marketing Campaigns.

Cancellation 68

Cancellation Hotels Upsell Email Marketing 68

Travelboom Marketing

MAY 24, 2024

When you see seasonal peaks and annual events affecting occupancy rates and reservation types, then you can adjust room pricing, add-on services, and staffing to achieve the most efficient, profitable combination. Automated pricing and AI-based optimization help hotel brands do more with limited staff.

Revenue Management 52

Revenue Management Revenue Management Cost Per Click 52

Hotel Speak

MAY 30, 2024

By working with a central hub to manage all suppliers, hotels can ensure contracts are regularly tendered, and prices compared and updated. With visibility into hotel occupancy, and meetings and events, F&B managers can place orders based on more accurate forecasts of in-house demand to prevent over-ordering and potential waste.

Consumer 105

Consumer Forecasting Revenue ROI 105

Cloudbeds

AUGUST 12, 2024

Independent hotels, despite having fewer guest rooms and less complex operations, are recognizing that these systems improve pricing strategies, occupancy rates, and Revenue Per Available Room (RevPAR). Conversational commerce More messaging options translate to more interactions with guests and more opportunities to upsell.

Hotels 98

Hotels Operations Revenue Management Revenue 98

Little Hotelier

FEBRUARY 25, 2024

Another common strategy utilised in hotel revenue management consulting is to identify other potential revenue streams, from value-adding services, to new target markets, to opportunities to upsell and cross-sell. Features: Experts in creating a revenue advantage for your hotel through strategies like dynamic pricing.

Revenue Management 52

Revenue Management Revenue Services Management 52

SiteMinder

AUGUST 30, 2023

Hotel packages are more than just bundled offerings; they’re a strategic asset that can significantly elevate your business on multiple fronts. Here’s why they’re beneficial: Revenue diversification Hotel packages allow you to diversify your revenue streams by upselling various services and amenities.

Hotels 98

Hotels Services Revenue Business 98

Xotels

JULY 26, 2024

Don’t Forget About Upselling: Train your staff to upsell guests to higher room categories or add-on services. LEARN MORE CONTACT US LEARN MORE CONTACT US Real-World Example A hotel in a popular tourist destination noticed that their occupancy dropped significantly during the shoulder season.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Q4Launch

FEBRUARY 3, 2022

However, the others are important to consider when planning a marketing strategy to acquire and retain guests. Research Booking Pre-Arrival Arrival Occupancy Checkout / Departure Post-stay Research For us, this is called the “Dreaming” phase of the travel life cycle. Bolded ones are the most typical.

Marketing Strategy 52

Marketing Strategy Upsell Occupancy Hotels 52

Cloudbeds

SEPTEMBER 18, 2024

For hotels, that involves collecting and analyzing data across various sources, including your hotel website, social media channels, online travel agencies (OTAs), surveys, and more. This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency.

Operations 40

Operations Revenue Management Occupancy Revenue 40

SiteMinder

JULY 13, 2024

The best strategists do not set a static figure; timely and effective pricing strategies adjust rates in real-time based on current demand, ensuring that your property can maximise revenue during peak times and maintain or grow occupancy during quieter periods. Revenue management strategy 2.

Revenue Management 98

Revenue Management Revenue Management OTA 98

SiteMinder

JANUARY 14, 2025

It allows your hotel to tap into markets that can be impossible to reach through traditional hotel marketing efforts. The corporate travel market can be a particularly valuable one to tap into, as it can be less price sensitive and can significantly boost mid-week and low season occupancy rates.

Global Distribution System 52

Global Distribution System Upsell Hotels Travel 52

Cloudbeds

APRIL 15, 2024

Guest experience automation Powering improvements to the guest experience are tools that enhance guest engagement and self-service, like automated email confirmations and pre-arrival messages, upsell tools, and mobile check-in applications. Hotel marketing automation For hotels with limited resources, marketing can often fall by the wayside.

Revenue Management 98

Revenue Management Hotels Operations Revenue 98

AskSuite

JULY 20, 2023

Maximize sales with a results-driven team In the bustling hospitality sphere, mastering sales techniques can set a hotel apart. It begins with laying out realistic targets, then on-point upselling and cross-selling, culminating in the art of tailoring unique sales alternatives. Click below to get your FREE download.

Management 52

Management Business Marketing Strategy Upsell 52

Hotel Speak

JULY 4, 2023

The same goes for CRM tool integration for enhanced marketing efforts, booking engine integration for direct bookings and revenue management solution integration to sell rooms at the best rate to increase occupancy and revenue. It ultimately increases their profitability by maximising revenue and occupancy.

Hotels 52

Hotels Revenue Revenue Management Occupancy 52

eZee Absolute

SEPTEMBER 5, 2024

Additionally, your booking engine acts as a direct communication channel, enabling personalized upselling, cross-selling, and the opportunity to highlight unique selling propositions (USPs) such as loyalty programs or exclusive discounts. Features That Get More Direct Bookings for Hotels 1.

Upsell 52

Upsell Revenue Services Occupancy 52

Hotelogix

JANUARY 29, 2025

Real-time insights : Smart systems provide instant data on everything from occupancy rates to energy consumption, allowing for quick, informed decision-making. Upselling on steroids : Intelligent systems identify opportunities to offer personalized upgrades and services, increasing average guest spend. Your room listens to you!

Management 58

Management Hospitality Hotels Services 58

Hotel Speak

MAY 9, 2023

Get more feedback and turn it into actionable insights : hotels can send automated surveys and feedback forms to guests after their stay, helping to gather valuable feedback and insights into guest satisfaction, which can be used to improve the guest experience and drive loyalty.

Hotels 59

Hotels Upsell Revenue Marketing 59

Inn Quest

JUNE 8, 2023

AI-Driven Room Customization: Thanks to AI in hospitality, creating intelligent systems that automatically adjust various aspects of a hotel room based on user preferences, environmental conditions and real-time data is no longer a pipe dream.

Hospitality 54

Hospitality Services Upsell Operations 54

Cloudbeds

FEBRUARY 16, 2024

A customer relationship management (CRM) system can be a fantastic tool to take your hotel marketing strategy to the next level. With CRM, hotels can gather and store guest data to ultimately save time, streamline operations , and build customer loyalty.

Sales 52

Sales Upsell Hotels Marketing 52

Cloudbeds

OCTOBER 21, 2024

For their analysis, hotels typically use demand signals like seasonality, occupancy rates, and competitors’ prices. between rates and occupancy), which can lead to spurious conclusions. Conversely, if competitors’ rates are trending up, the hotel can hold back rooms to sell later at higher rates, maximizing profit.

Hospitality 40

Hospitality Revenue Revenue Management Hotels 40

Xotels

APRIL 3, 2024

Questioning when and where your demand will come, who will be booking at your property, which hotels will you have to compete, and identifying challenging periods or seasons are important to manage expectations. Mapping out these questions out in your strategy will help to set realistic goals.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Xotels

APRIL 3, 2024

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Advance Sales: The hotel product, represented by rooms, can be sold in advance, enabling revenue managers to strategically plan and optimize occupancy levels over time.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

eZee Absolute

AUGUST 31, 2022

Packages and offers are two prominent ingredients of a successful hotel recipe. Offering discounts and packages quickly draw travelers into your hotel, intrigues them to make a reservation, and help you boost occupancy. Events are one of those special things that people usually look for when they explore hotels and gateways.

Hotels 52

Hotels Events Marketing Market 52

eZee Absolute

SEPTEMBER 26, 2024

But it’s not just annoying; it hits hotels where it hurts the most– the wallet. Plus, it messes with the hotel’s overall occupancy rate, which is like the hotel’s report card. Consider offering the room to waitlisted guests or upselling to walk-in customers.

Cancellation 52

Cancellation Hotels Revenue OTA 52

SiteMinder

JANUARY 8, 2024

A core aspect of hotel management includes managing your room inventory and reaching desired occupancy rates; however, you could also be ensuring that everything is in order for your guests or organising staff and cleaning schedules. This not only encourages repeat business but also helps your hotel keep a consistent occupancy rate.

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

A core aspect of hotel management includes managing your room inventory and reaching desired occupancy rates; however, you could also be ensuring that everything is in order for your guests or organising staff and cleaning schedules. This not only encourages repeat business but also helps your hotel keep a consistent occupancy rate.

Operations 52

Operations Management OTA Hotels 52

Xotels

APRIL 3, 2024

Ultimately, prioritising achieving a fair share of direct sales empowers hotels to establish stronger control over guest data to increase profitability, and maintain autonomy over their brand image and customer experience. This is one of the first steps when creating a revenue management strategy, performing thorough market research.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Social Tables

DECEMBER 27, 2018

This adds value for the planner by helping them better meet their event objectives, while adding value for the hotel or venue as an upselling technique. This could mean investing more in portable walls, diversifying furniture offered onsite, and for hotels, getting more creative about which spaces are bookable.

Events 167

Events Business Scale Consumer 167