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. Find out more here.

Hotel Marketing 77

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.

Revenue Management 52

Revenue Management Revenue Business Management 52

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.

Revenue Management 98

Revenue Management Hotels Operations Revenue 98

Hotel Speak

JANUARY 25, 2024

While parking spots and meeting rooms have played a huge role in this, 2024 will be the year that more hoteliers revolutionize revenue management. of guests added an upgrade to their reservation while checking in, with an average upsell value of $48. Online check-ins and upgrades continue to increase.

Average Daily Rate 79

Average Daily Rate Revenue Travel Upsell 79

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., Learn more 8.

Hotels 98

Hotels Operations Revenue Management 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. Upselling & cross-selling is a great ways to drive up incremental revenue is also on the rise by smart hoteliers.

Hospitality 88

Hospitality OTA Travel Cancellation 88

eZee Absolute

NOVEMBER 18, 2022

Things to Change and Improve in a Hotel in 2023. Marketing approach. Revenue management. Hotel management system. The last couple of years has been a roller coaster ride for the hotel industry worldwide. Read: Hotel Marketing Trends to Increase Bookings in 2023. Revenue management.

Revenue Management 75

Revenue Management Revenue Hotels Sales 75

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. Booking.com will continue spending big on marketing, attracting more and more bookers.

OTA 75

OTA Hotels Revenue Revenue Management 75

SiteMinder

JULY 29, 2024

Margins at hotels and other accommodation properties can be manipulated in a number of ways, from reducing expenses to increasing revenue in specific areas to contribute to better overall finances. Some hotels are certainly profitable while others don’t survive long term.

Ancillary Revenue 52

Ancillary Revenue Revenue Revenue Management Hotels 52

Cloudbeds

MARCH 15, 2023

Second, you still have to invest in marketing efforts to attract travelers and remain competitive. Utilize a variety of rate plans Incorporating a variety of rate plans as a part of your revenue management strategy gives travelers more options and flexibility to choose what best suits their needs (and helps you better manage occupancy).

OTA 98

OTA Revenue Sales Travel 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

SiteMinder

SEPTEMBER 12, 2024

Smart hotels not only boost guest satisfaction, but can also help hotels become more efficient and profitable via enhanced operations and increased insights. How big is the smart hotel market? If I had to describe SiteMinder in one word it would be reliability.

Hotels 98

Hotels Services Accommodation Operations 98

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

Cloudbeds

OCTOBER 17, 2024

Ad retargeting tools also allow you to create ads with AI-generated content and set your own investment budget to streamline hotel marketing efforts. Integrated payment system The days of cash payments and taking cards over the phone are gone in the hotel industry.

OTA 76

OTA Occupancy Hotels Revenue 76

Hotel Speak

JULY 4, 2023

They can work with a hotel channel manager to ensure real-time distribution of rates and inventories across OTAs for better visibility, more sales, and zero overbookings. Large hotel groups can witness many benefits with Cloud-based Hotel PMS, more precisely, a Hotel PMS with multi-property management capabilities. . #2:

Hotels 52

Hotels Revenue Revenue Management Occupancy 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.

Revenue 88

Revenue Occupancy Hotels Market 88

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

gcommerce

JANUARY 29, 2024

Metasearch marketing can be equally streamlined, more profitable, and result in an owned customer. Audience targeting techniques Metasearch management provides marketers with audience tools that will be more familiar to them than to revenue managers.

Marketing 52

Marketing Market Hotels Upsell 52

eZee Absolute

JANUARY 26, 2023

You must have a great sense of the current market and ongoing trends in price modulation to do so. Pricing Strategies to Optimize Your Hotel Revenue Hotel revenue management is a tricky affair and there’s no single magic formula to optimize it. Because it helps in upselling your services.

Revenue 52

Revenue Market Penetration Revenue Management Services 52

Cloudbeds

OCTOBER 21, 2024

Your revenue management system identifies that during the dates of the festival, there’s a spike in reservations and suggests that you increase room rates slightly during the festival period due to higher demand. Marketing Here are three hotel marketing areas where causal AI can make a difference: Segmenting guests.

Hospitality 40

Hospitality Revenue Revenue Management Hotels 40

Inn Quest

JUNE 8, 2023

Upselling using Personalized Recommendations: Using machine learning techniques, AI algorithms analyze guest data collected from hotel management system s. Through this method, AI can identify upselling opportunities by leveraging guest preferences and historical data.

Hospitality 54

Hospitality Services Upsell Operations 54

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 59

Operations Management OTA Hotels 59

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