gcommerce

AUGUST 27, 2024

When it comes to luxury hospitality, every empty room represents a missed opportunity and mastering the art of revenue management is paramount. The role of revenue management in luxury hospitality At the core of revenue management lies the art of optimizing room rates and availability to maximize revenue.

Revenue Management 52

Revenue Management Revenue Management Digital Marketing 52

STAAH

NOVEMBER 22, 2022

Hotel Marketing is only effective if the execution is done right. The core of a good hotel marketing strategy is to promote the right product in the right place , at the right price , and at the right time to the right audience. The marketing mix was originally a concept given by Neil H. Christmas).

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Hotel Marketing Market Marketing Hotels 77

The Cosmos

JANUARY 23, 2023

Hotel revenue management is an important tool for hoteliers to use in order to maximize profits and remain competitive in a crowded industry, but it is a complex machine. This blog delves into hotel revenue management : what it is, how it works, and the critical role it plays in a hotel’s overall success.

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Revenue Management Revenue Business Management 52

Cloudbeds

MARCH 15, 2023

Direct bookings are reservations guests confirm directly with a property without using an online travel agency (OTA) or 3rd party intermediary. They’re typically made on a hotel’s website or other direct booking channels, like email, the sales team, social media , or through messaging tools like WhatsApp or Messenger.

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OTA Revenue Sales Travel 98

Hotel Speak

JULY 24, 2024

Effective hotel distribution strategies enable hotels to target the right audience, optimise occupancy rates, and enhance revenue management. Hotels have worked with third parties such as airlines, travel agents, online travel agents (OTAs) and the Global Distribution System (GDS) for decades.

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OTA Hotels Revenue Revenue Management 75

Cloudbeds

MARCH 20, 2023

And it all starts with hotel market segmentation. What is hotel market segmentation? Hotel market segmentation is the process of grouping hotel guests into categories based on shared behavior and characteristics. Properties can utilize niche OTAs to effectively target their guest demographics.

Hotel Marketing 52

Hotel Marketing Market Marketing Average Daily Rate 52

Hotel Speak

OCTOBER 5, 2023

Before adopting Hotelogix, the management tried running operations manually but soon found it restricting their ability to handle the group efficiently. Moreover, without the right solution, they couldn’t ensure real-time online distribution and couldn’t generate more sales via OTAs and their website.

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Revenue OTA Sales Operations 97

Hotel Speak

AUGUST 13, 2024

A popular and cost-effective way to optimise this visibility is to leverage the Billboard Effect – where hotels can advertise for free on third-party websites, like Online Travel Agencies (OTAs) and metasearch platforms.

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Revenue Sales OTA Average Daily Rate 82

Webrezpro

OCTOBER 4, 2023

OTA commissions, transaction fees, loyalty programs, advertising campaigns, and sales and marketing personnel all contribute to the cost of acquiring new customers. Customer acquisition costs (CAC) are more or less what they sound like—how much money it costs to bring in a new guest.

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OTA Sales Marketing Market 88

Cloudbeds

APRIL 15, 2024

From checking in guests and entering reservations to managing rates and assigning rooms, many hotels still perform a lot of manual tasks. Today, hotel automation tools are used to perform or augment an increasing number of tasks, from distribution to revenue management and guest communication.

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Revenue Management Hotels Operations Revenue 98

STAAH

NOVEMBER 15, 2022

What do these travel trends mean for hotel marketing? If you get it right, your guests will not only return, but also becomes your brand ambassadors, amplifying your marketing efforts. Expect budget-conscious guests to walk through the doors in 2023, possibly beyond. What can you do as a property owner to attract guests?

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Hospitality OTA Travel Cancellation 88

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.

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Marketing Strategy Hotel Marketing Market Marketing 40

Cloudbeds

MAY 15, 2024

Rate parity is a common practice in hotel revenue management. On the one hand, it makes it easier for hotels to manage their pricing strategy, preventing dumping and price wars. Pros and cons of rate parity Rate parity is regulated by contractual agreements between hotels, OTAs, and other booking platforms.

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OTA Hotels Revenue Management Revenue 52

Cloudbeds

OCTOBER 17, 2024

A hotel distribution strategy involves selecting and managing the different channels through which a hotel sells its rooms to potential guests. A basic strategy might involve listing your property on a few key online travel agencies (OTAs) like Airbnb and Booking.com and leaving it at that.

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OTA Occupancy Hotels Revenue 76

Xotels

DECEMBER 12, 2024

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!

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OTA Global Distribution System Revenue Revenue Management 40

eZee Absolute

DECEMBER 22, 2024

Dynamic Pricing: Use revenue management tools to adjust pricing based on demand while offering competitive deals. Booking Engine: eZee Reservation is one such tool that helps guests easily book rooms directly through your website, enhancing your online presence and reducing commission fees from third-party OTAs.

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Overbooking Accommodation Events Revenue 52

Hotel Speak

DECEMBER 12, 2023

Additionally, Hotelogix offered Sioux Motel a Mobile Hotel PMS App to help them access hotel data on the go. The Hotel PMS with a channel manager tool to assist the Murdo-based motel with real-time rate and inventory distribution to sell more via OTAs.

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Motels Operations Hotels OTA 84

Cloudbeds

AUGUST 12, 2024

For example, if your RMS (revenue management system) is not integrated with your PMS, you may find yourself manually updating room rates, negating the efficiency gains these technology solutions are meant to provide. With a mass influx of point solutions targeted at solving specific problems (ie.,

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Hotels Operations Revenue Management Revenue 98

Hotel Speak

NOVEMBER 28, 2023

It has also garnered excellent ratings and guest reviews on almost all top OTAs. Namgay Heritage Hotel ran its operations using a server-based solution for quite a long time. Through our distribution brand AxisRooms, we also offer Channel Manager and Revenue Management solutions.

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Management General Manager Hotels Operations 75

Hotel Speak

OCTOBER 27, 2023

It has garnered top-notch guest reviews on almost all leading OTAs and review platforms. Before adopting Hotelogix, the management was running daily operations manually. “Manually managing reservations, housekeeping, and other processes was pretty challenging.

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Operations Resorts General Manager Hotels 74

Hotel Management

DECEMBER 19, 2024

Headed up by Scott Boyes as CEO, Tony Ryan as Executive Chairman and Grant Alchin as Chief Operating Officer, the trio bring a collective industry experience of more than 90 years, extending across operations, commercial and legal, finance and asset management. Add to that, a growing team of experienced hotel industry leaders.

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Closing Hotels Operations Branding 130

Hotel Speak

NOVEMBER 2, 2023

While the Central Reservation Office (CRO) will allow the group to handle reservations from the central office, the Channel Manager integration will enable them to ensure real-time distribution and rate/inventory parity across multiple OTAs.

Operations 83

Operations Hotels Management OTA 83

Hotel Speak

DECEMBER 31, 2023

A lot has been shared about the power of AI in streamlining hotel operations and revenue management , and the trave l industry is starting to feel the impact of this technology, especially when it comes to planning and researching trips. This introduction of AI is not unwarranted.

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Business Travel OTA Intent 69

Hotel Speak

APRIL 12, 2023

The team analyzes market trends and sub-market segmentation to understand the optimal room product, hotel positioning, and most efficient method to deliver maximum ROI. For Tishman Hotel Corporation, automating many of the processes in revenue management, such as pricing and restrictions, is a top priority for 2023.

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Revenue Management Revenue Real Estate Hotels 52

eZee Absolute

OCTOBER 24, 2024

But before we get into the techie part, let’s understand what exactly hotel distribution is. In the next section, we’ll explore the first of five technologies that are transforming hotel distribution , and how they’re helping hotels stay ahead of the curve.

Hotels 59

Hotels Revenue Management Overbooking Revenue 59

Hotel Speak

AUGUST 18, 2023

According to Eric Nowak, Owner of Lakeside Motel, they managed operations with an Excel sheet, including keeping track of guest details, check-in, check-out, etc. Moreover, they couldn’t sell rooms via OTAs and their website without the right solution.

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Motels Operations OTA ROI 52

Cloudbeds

NOVEMBER 13, 2024

Hotel Insights is for hotel managers, executives, and professionals looking to enhance their knowledge and stay updated on industry trends. Hotel Marketing Podcast Hosted by the team at TravelBoom Marketing, the Hotel Marketing Podcast examines the latest trends, tools, and strategies in hotel marketing.

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Hospitality Events Hotel Marketing Market 52

Inn Quest

MAY 11, 2023

By implementing effective pricing strategies, hotels can stay ahead of the competition and ensure their long-term success. Best Hotel Pricing Strategies in 2023 Dynamic Pricing: Dynamic pricing is a revenue management strategy that allows hotels to adjust their room prices in response to fluctuations in market demand.

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Revenue Occupancy Hotels Market 88

Hotel Speak

MAY 4, 2023

After carefully evaluating a few options, we adopted Hotelogix’s multi-property management system,” said Niels van Capel, Financial Controller, at Paradise & Wilderness Group. With Hotelogix, the group has now become compliant with e-invoice issuance as mandated by the Tanzania Revenue Authority (TRA).

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Operations Revenue Management Revenue Management 52

SiteMinder

JANUARY 8, 2024

Types of hotel management If we zoom in on accommodation management, it too can be divided into a few different categories, which reflect the broad range of tasks and challenges that hotel management presents. Below are some considerations that can help maximise your hotel revenue management strategies: 1.

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Operations Management OTA Hotels 59

Hotel Speak

JULY 12, 2023

Singapore, 12/07/23: Hotelogix, a globally leading cloud-based hospitality technology provider , said that Maduzi Hotels in Thailand has adopted its multi-property management system to gain centralised control over group operations. As a group, Maduzi Hotels operates popular high-end and premium properties across Thailand.

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Operations General Manager Hotels OTA 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.

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Operations Revenue Management Occupancy Revenue 40

Hotel Speak

NOVEMBER 17, 2023

Hotelogix will also offer an integrated Channel Manager to help La Maison 29 with real-time online distribution and more OTA sales. “We are delighted to see La Maison 29 understanding the usefulness of the cloud in today’s competitive market,” said Rahul Das, AVP of Business Development at Hotelogix.

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Operations OTA Revenue Management Management 52

Hotel Speak

AUGUST 29, 2023

They enable hoteliers to automatically check competitor rates to gain valuable insights into the market and make more informed pricing decisions. Calling your compset to check their prices daily or switching between OTAs and manually registering them to a spreadsheet is unsustainable. Why should you invest in a hotel rate shopper?

Business 52

Business Shopping OTA Hotels 52

SiteMinder

JANUARY 8, 2024

Types of hotel management If we zoom in on accommodation management, it too can be divided into a few different categories, which reflect the broad range of tasks and challenges that hotel management presents. Below are some considerations that can help maximise your hotel revenue management strategies: 1.

Operations 52

Operations Management OTA Hotels 52

Little Hotelier

FEBRUARY 28, 2024

This consultancy offers guidance on all aspects of your hotel business, including revenue management, training, project management and data visualisation, and therefore brings a more holistic approach to the website builds it takes on. A human approach to the challenge of online hotel growth.

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Hotels Accommodation Revenue Business 52

Hotel Speak

JUNE 14, 2023

The event will feature speakers from TrustYou, a leading reputation management solution provider and Booking.com, one of the major OTAs. Additionally, representatives of industry bodies, including the Board of Tourism Authority of Thailand and the Tourism Council of Phuket, will share their thoughts on the local market dynamics.

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