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

Inn Quest

MAY 11, 2023

Importance of Pricing Strategies to Grow Your Hotelier Business Any hotel must have an effective pricing strategy to be successful, especially in a competitive market. By drawing in more visitors, raising occupancy rates and enhancing profitability, a thoughtful pricing strategy can help hotels maximize their revenue.

Revenue 88

Revenue Occupancy Hotels Market 88

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

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

Hotel Speak

JULY 24, 2024

Hotel distribution has always been a critical aspect of the hospitality industry. Effective hotel distribution strategies enable hotels to target the right audience, optimise occupancy rates, and enhance revenue management.

OTA 75

OTA Hotels Revenue Market 75

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

Cloudbeds

MARCH 15, 2023

Direct bookings have become essential to any independent hotel’s distribution mix. A direct booking strategy is a powerful force in reducing customer acquisition costs , increasing occupancy, and improving profitability by building greater brand loyalty and giving you direct access to guests.

OTA 98

OTA Revenue Travel Sales 98

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

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

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 90

Consumer Forecasting Revenue ROI 90

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

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

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 Market 52

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

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

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 Market 59

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

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

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

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 Market Marketing 52

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

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

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