Hospitality Net

AUGUST 27, 2023

Yield management allows hotels to manage the capacity of their rooms more profitably, and the accuracy of statistical forecasting determines how useful it will be. Even with great revenue management software, determining the accuracy can be tricky when dealing with more detailed forecasts.

Forecasting 188

Forecasting Yield Management Cancellation Revenue Management 188

Catala Consulting

JANUARY 18, 2024

In the dynamic world of hospitality, the UK market stands out as a beacon of innovation and adaptation, particularly in the realm of hotel revenue management. This article explores the top trends in hotel revenue management, yield management, and revenue management in the UK, offering insights and strategies for hotel professionals.

Revenue Management 52

Revenue Management Revenue Management Market 52

Xotels

APRIL 3, 2024

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenue management to more advanced practices and strategies.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Mews

MAY 17, 2023

Hostel revenue management is all about selling as many rooms and spaces as possible at the highest possible price. To achieve this, the hostel must effectively manage room availability and sell for the best price through the appropriate channels.

Revenue Management 52

Revenue Management Revenue Yield Management Management 52

SiteMinder

NOVEMBER 7, 2023

Sydney, Australia – Prominent New Zealand hospitality management company, Capstone Hotel Management (Capstone), is today celebrating 10 years of growth with SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels.

Scale 105

Scale Management Yield Management Accommodation 105

Hotel News Resource

MARCH 6, 2024

Dynamic Pricing for hotels and resorts is Skyware Hospitality Solutions' name for a Revenue Management Systems (RMS) also called 'Yield Management', Ð a term coined by Robert Crandall, former chairman and CEO of American Airlines in the 1980Õs.

Yield Management 45

Yield Management Revenue Management Hotels Revenue 45

SiteMinder

JANUARY 30, 2023

Hanging Gardens of Bali is a luxury hotel nestled amidst Bali’s vast jungle landscape. The accommodation, with more than 17 years in operation, is one of the most sought-after places worldwide, and has held the title of “World’s First Seven Star Boutique Hotel”. Fortunately, SiteMinder was able to change this.

Average Daily Rate 98

Average Daily Rate Global Distribution System Management Sales 98

STAAH

MAY 21, 2024

Setting the right price for a hotel room can be a straightforward task for some, yet complex for others. 50% Occupancy with One Group Booking Scenario: A 50-room hotel has sold 25 rooms to one group, reaching 50% occupancy. Forecast Accurately: Use forecasting to inform pricing, yield management , and channel management decisions.

Occupancy 91

Occupancy Retail Yield Management Forecasting 91

Hotel Business

AUGUST 23, 2024

a provider of spa management SaaS software. Book4Time manages guest experiences at spas, international hotels, resorts, casinos, golf and private member clubs in more than 100 countries. Hospitality properties use Book4Time’s appointment booking, contactless guest intake, revenue and yield management and other capabilities.

Yield Management 59

Yield Management Casinos Closing Resorts 59

SiteMinder

JANUARY 10, 2024

What is hotel training? Hotel training is a custom program designed to give a hotel team the knowledge and skills they need to operate and grow a hotel business. Hotels are uniquely diverse businesses that demand a wide range of skills. Quality hotel training makes your business stand out.

Management 59

Management Hotels Services Business 59

eZee Absolute

OCTOBER 11, 2023

Foremost among these challenges was the absence of an integrated booking system and hotel management system. Solution In the midst of these challenges, Sidus Galaxy Resort & Spa recognized the need for a comprehensive Property Management System (PMS) solution that could address its operational challenges.

Resorts 52

Resorts Management Sales Yield Management 52

SiteMinder

OCTOBER 9, 2022

Few roles in the hotel industry have evolved as quickly as the revenue manager.Powered by technological advances, the rapid sharing of knowledge and online training, the discipline is synonymous with smart pricing decisions and expectations are always high in the highly competitive accommodation market. What is a revenue manager?

Revenue Management 59

Revenue Management Revenue Management Occupancy 59

Horizon Hospitality

JULY 10, 2024

In the competitive world of hospitality, one of the most critical challenges of hotel professionals is balancing room rates with occupancy levels. Dynamic pricing, or yield management, involves adjusting room rates in real-time based on supply and demand, with the ultimate goal being to increase the Revenue Per Available Room ( RevPAR ).

Occupancy 52

Occupancy Revenue Yield Management Forecasting 52

Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. Resort revenue management has become an indispensable tool for businesses, fostering strategies that maximize yield and build strong customer relationships.

Revenue Management 52

Revenue Management Revenue Resorts Management 52

Xotels

MAY 30, 2024

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. I have been in hotel revenue management consulting since 2006, and it is a question that keeps coming back. How can I make more profit with my hotel?’ Article Summary: Which is it? Occupancy or ADR?

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

Hotel Speak

APRIL 12, 2023

HotelRunner, the leading hospitality and travel technologies platform, has launched HotelRunner Elite, an exclusive service designed to add exponential value to independent and chain hotels, helping them overcome the challenges of strategic positioning and yield management.

Yield Management 59

Yield Management Accommodation B2B Travel 59

Catala Consulting

JANUARY 11, 2023

Table of Contents Introduction The hotel industry is a highly competitive market, and it’s vital for hotels to keep their variable costs low in order to remain profitable. In this article, we will discuss what variable costs are, how they are calculated, and how they can be managed to increase profitability.

Yield Management 52

Yield Management Occupancy Management Hotels 52

SiteMinder

AUGUST 1, 2024

The Trip.com Extranet is an online platform that allows hotel owners and operators to manage their property listings on Trip.com. It provides tools for updating room availability , adjusting rates, adding property details, and managing bookings. Table of contents Why should you be listed on Trip.com hotels?

Revenue 52

Revenue Yield Management Overbooking Management 52

SiteMinder

JULY 10, 2024

Hospitality podcasts are audio and/or video shows that focus on the hotel, restaurant, and tourism industries. These podcasts can cover a wide range of topics; from optimising hotel business revenue, to talking about hospitality industry trends, to light-hearted travel and tourism stories. What are hospitality podcasts?

Hospitality 52

Hospitality Hotels Digital Marketing Revenue 52

Xotels

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Xotels

JULY 26, 2024

You’ve got a hotel, right? Well, buckle up, because I’m about to spill the beans on how to squeeze every last penny out of your hotel venture. We’re going to get down and dirty with the real-world strategies that we have actually seen working as a r evenue management consulting company. Sounds simple, right?

Yield Management 52

Yield Management Upsell Revenue Hotels 52

SiteMinder

MAY 14, 2023

In the hotel, guests will enjoy an 18-hole Jack Nicklaus-designed golf course as well as a natural lifestyle. Table of contents Managing room rates and online bookings swiftly with SiteMinder’s channel manager 90% of Kirimaya’s customers are Thai, thanks to Khao Yai’s popularity as a tourist destination.

Revenue 97

Revenue Sales Yield Management Occupancy 97

Xotels

JULY 26, 2024

You’ve got a hotel, right? Well, buckle up, because I’m about to spill the beans on how to squeeze every last penny out of your hotel venture. We’re going to get down and dirty with the real-world strategies that we have actually seen working as a r evenue management consulting company. Sounds simple, right?

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

SiteMinder

NOVEMBER 14, 2023

The Hostelworld inbox is a communication hub within the Hostelworld (a popular hotel room distribution channel ) extranet platform, designed to facilitate seamless interactions between hoteliers and potential guests. The Hostelworld inbox login allows hoteliers to solicit, manage, and respond to guest reviews swiftly.

Revenue 52

Revenue Management Yield Management Overbooking 52

SiteMinder

APRIL 25, 2024

With every passing year, revenue management is playing a more central role at hotels as they navigate a landscape now locked in a permanent state of change. The exact genesis of yield management (now revenue management) in the hospitality sector is hotly debated,” says Stuart-Hill. “The

Revenue Management 111

Revenue Management Revenue Management Hotels 111

SiteMinder

DECEMBER 20, 2023

ThinkReservations styles itself as an all-in-one property management solution built to streamline hotel businesses. Between the ThinkReservations booking system, PMS and channel manager, this ecosystem of tools promises to save time and increase bookings. But is it the ideal solution for hotel businesses?

OTA 59

OTA Yield Management Management Business 59

SiteMinder

OCTOBER 10, 2023

Cost-based pricing is a pricing method where the selling price of a product or service is determined by adding a markup to the unit cost or, in the case of hotels, the cost of keeping a room available and maintained for use. Table of contents Why do hotels use a cost-based pricing strategy?

Target Marketing 59

Target Marketing Revenue Yield Management Market 59

MediaBoom

AUGUST 1, 2024

Alternatively, you might try yield management, which is also flexible. Under a yield management model, competition and demand influence pricing. PR pros are also excellent for moments of crisis management and reputation rebuilding. You can’t save hotel rooms or flight seats for later.

Tourism 92

Tourism Market Marketing Hospitality 92

Inn Quest

JUNE 8, 2023

Artificial intelligence (AI) is seamlessly integrating into hospitality experiences, redefining our expectations – from chatbots providing instant customer support to predictive analytics optimizing hotel operations. Hotels can now use machine learning to analyze data to anticipate guest needs, optimize pricing and improve operations.

Hospitality 54

Hospitality Upsell Services Operations 54

Hotelogix

AUGUST 27, 2024

While this offers new opportunities for your hotel, it also challenges you to cut distribution costs while expanding your brand in a highly competitive market. We will tell you how to build a distribution strategy, pick the right channels, manage your OTA business, boost direct bookings, handle reviews easily, and track your results.

Global Distribution System 52

Global Distribution System OTA Revenue Hotels 52

Hotel Business

JULY 12, 2023

by Blake Madril Profit optimization has proven itself to be one of the powerful differentiators in the hospitality industry, but many success stories tend not to feature limited- and select-service hotels. Part of the problem, from the operators’ perspective, is the viability of revenue management technology today versus even a few years ago.

Revenue Management 52

Revenue Management Services Revenue Management 52

Cloudbeds

FEBRUARY 28, 2024

When travelers make a hotel reservation, they expect a seamless experience , or they may decide to stay elsewhere. For hotels, meeting this expectation means moving away from manual processes and investing in booking software that allows travelers to book a room when they want on the channel of their choice.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

Cloudbeds

JULY 15, 2023

For growing hospitality businesses, a channel manager is a fundamental part of successful revenue management and distribution strategy. Whether you run an independent hotel, B&B, vacation rentals, or hostel, it’s critical to get your inventory in front of potential guests at all times. What is a channel manager?

Management 76

Management OTA Cancellation Overbooking 76

SiteMinder

MAY 21, 2023

In the past, more than 90% of the hotel guests were foreigners, particularly Chinese visitors. During the COVID-19 outbreak, the hotel had to adjust its approach to fit the situation by focusing primarily on attracting Thai and European tourists who are slowly returning to Thailand.

Resorts 98

Resorts Overbooking Yield Management OTA 98

Xotels

AUGUST 9, 2021

Google is taking the hotel industry by storm to gain market share and grow their advertising revenues. We will take a look at how Google is penetrating the hotel distribution vertical with Google Hotel Ads, and what opportunities this gives in terms of hotel revenue management and marketing.

Market Share 52

Market Share Hotels OTA Cancellation 52

SiteMinder

NOVEMBER 24, 2023

SiteMinder reviews are widely available on HotelTechReport (HTR), the global authority on hotel technology solutions. Trusted by industry professionals, HTR serves as a centralised hub for verified reviews, ratings, and in-depth reports which aid hoteliers in making informed decisions about technology adoption for enhanced hotel management.

Revenue 52

Revenue Revenue Management Management General Manager 52