SiteMinder

AUGUST 1, 2024

What is a hotel business plan? A hotel business plan is a comprehensive document that outlines your hotel’s goals, strategies, and financial projections. It serves as a roadmap for your hotel’s success, helping you attract investors, secure funding, and make informed decisions about your operations.

Business 95

Business Revenue Hotels Occupancy 95

Hotelogix

NOVEMBER 28, 2024

Ever wondered why some hotels consistently outperform their competitors, even in challenging market conditions? The secret often lies in their ability to master market segmentation - a strategy that's becoming increasingly crucial in today's diverse hospitality landscape. 

Hotel Marketing 40

Hotel Marketing Marketing Market ROI 40

SiteMinder

MARCH 17, 2025

What is a hotel director? A hotel director oversees the daily operations of a hotel, ensuring everything runs efficiently while delivering a high standard of guest service. The title can varysome properties use terms like hotel manager, lodging manager, or director of hospitalitybut the core responsibilities remain the same.

52

52

STAAH

OCTOBER 15, 2024

The right software is a game-changer for hotel success, shaping everything from operational efficiency to guest satisfaction. As technology continues to advance, hotels have transformed the way they manage daily tasks and interact with guests. Let’s take a look at some essential software solutions every hotel should consider.

Operations 108

Operations OTA Overbooking Revenue 108

Little Hotelier

JANUARY 19, 2025

The rack rate is the standard, undiscounted price for a hotel room. In this article, well discuss the definition of rack rates for hotels, what factors should determine pricing, and what software is available to support these decisions and implications of pricing higher or lower than the competition. What is rack rate?

Rack Rate 52

Rack Rate OTA Revenue Hotels 52

Hotel Speak

OCTOBER 24, 2024

San Diego, CA – Cloudbeds has today revealed plans to become the world’s first property management system (PMS) to connect every facet of hotel operations into a single intelligence network, powered by causal and multimodal AI. Cloudbeds Intelligence will unlock new revenue potential for hoteliers across every aspect of their business.”

Upsell 105

Upsell Hospitality Cancellation Forecasting 105

SiteMinder

JUNE 12, 2024

For hotels, the ultimate aim of yield management is to increase revenue by leveraging the balance between supply (available rooms) and demand (guest bookings). By understanding and anticipating guest behaviour and market dynamics, hotels can optimise their pricing strategies to boost their bottom line.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

SiteMinder

SEPTEMBER 6, 2023

The online hotel booking process is how guests book and pay for a stay at your hotel. This process is made possible by your hotel’s website, open 24/7 to greet potential guests and turn their interest into confirmed stays. Table of contents Why is an online booking process important for hotels?

Hotels 98

Hotels Revenue Occupancy Services 98

SiteMinder

APRIL 11, 2024

Yes, hotels can advertise on Airbnb by listing their rooms or properties on the platform, much like individual hosts do with their accommodations. Medium sized hotel brands can grow a significant revenue stream by promoting their Airbnb listings , considering how popular the platform is among travellers. Diverse demographics.

Dining 98

Dining Hotels Average Daily Rate Target Marketing 98

SiteMinder

AUGUST 1, 2024

What is hotel rate shopping? Hotel rate shopping is the practice of tracking and monitoring hotel rates amongst your local market and competitors. This blog will give you a full overview of hotel rate shopping and rate shopper tools, which you can use to boost revenue success at your business.

Shopping 78

Shopping Revenue Average Daily Rate Revenue Management 78

Inn Quest

SEPTEMBER 5, 2023

At a glance: What is Hotel Inventory Management? Managing your hotel’s inventory efficiently can significantly impact your bottom line, guest satisfaction and overall operational effectiveness. Firstly, What is Hotel Inventory Management? Let’s get started! Inventory here includes food, beverages, and kitchen equipment.

Management 87

Management Overbooking Revenue Hotels 87

Hotelogix

AUGUST 6, 2024

Moving from merely managing hotel revenue to maximizing profit is a critical transformation that ensures your property's long-term success. This shift requires a comprehensive approach integrating cost control, strategic marketing, and top-notch guest services. Read Also: What is Dynamic Pricing in Hotels?

Revenue 52

Revenue Management Upsell Target Marketing 52

Hotelogix

JANUARY 21, 2025

As travelers become pickier and competition grows tougher, hotels and resorts need to up their game. The Winning Plan for Your Hotel To bring in more guests, you need a complete strategy that looks at different parts of your business. It's vital to understand your target market. Does this ring a bell?

Hotels 40

Hotels Business Travel Operations 40

SiteMinder

JULY 13, 2024

What is hotel revenue management? Hotel revenue management is the strategic distribution and pricing tactics used to sell perishable room inventory to the right guests at the right time in order to boost revenue growth. Other products such as hotel amenities and food and beverage offerings will also form part of the strategy.

Revenue Management 98

Revenue Management Revenue Management OTA 98

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

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. Oftentimes, these tasks overpower hotels’ ability to invest in proper guest communication, marketing activities, and revenue management , which significantly impacts performance and profitability.

Revenue Management 98

Revenue Management Hotels Operations Revenue 98

Hotelogix

JULY 11, 2024

As an independent hotel owner, you understand the challenges of driving revenue in a competitive market. From setting the right prices to attracting the right guests, every decision you make impacts your hotel's bottom line.   What is Revenue Management in Hotels?

Revenue Management 52

Revenue Management Revenue Management Hotels 52

Inn Quest

JULY 10, 2023

Wondering how to map out the perfect hotel market segmentation strategy that keeps your hospitality business ahead of the curve? As markets continue to prioritize brands that cater to individual preferences the best, every business’s success depends on how well it offers personalized experiences to end-users.

Hotel Marketing 52

Hotel Marketing Marketing Market Target Marketing 52

Hotelogix

SEPTEMBER 19, 2024

Understanding the difference between online booking and travel agency services is crucial for hotel owners and managers looking to optimize their revenue streams. As the hospitality landscape evolves, knowing how to navigate these channels can significantly impact your occupancy rates and overall profitability.

Travel 52

Travel OTA Target Marketing Occupancy 52

Cloudbeds

MARCH 23, 2023

Moreover, a hotel room can’t be returned if it doesn’t meet expectations. Here we share strategies and best practices for capturing more bookings through hotel eCommerce. What is hotel eCommerce? In the hotel industry, eCommerce refers to the buying and selling of accommodation and related services over the internet.

OTA 98

OTA Digital Marketing Marketing Market 98

Little Hotelier

FEBRUARY 13, 2025

A competitive set is a group of rival properties that are selected by a hotel in order to benchmark its performance against similar businesses. Guest experience: It can reveal guest preferences, and opportunities to better cater to your target market. You can conduct a comp set hotel analysis by following the basic steps below.

Target Marketing 52

Target Marketing Hotels Marketing Market 52

eZee Absolute

MAY 13, 2024

Well, the answer lies in how well you’re using your Hotel Revenue Management System (RMS) reports. But with so many reports available, how do you find the ones essential for maximizing your hotel’s revenue? Flash Report Flash Report presents the summary of hotel performance metrics.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Cloudbeds

MARCH 15, 2023

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. Direct bookings have become essential to any independent hotel’s distribution mix. Still, it’s important to note that all bookings are innately good.

OTA 98

OTA Revenue Sales Hotels 98

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

MediaBoom

AUGUST 6, 2024

A strong hotel brand is the cornerstone of enduring success. Just as personal relationships thrive on authenticity and engagement, so too does a hotel’s connection with its guests. Investing in hotel branding is a strategic decision that can yield substantial returns. Think about it!

Branding 92

Branding Hotels Services Marketing 92

Inn Quest

JUNE 13, 2023

When it comes to running a hotel, a well-executed marketing campaign can make all the difference. In this blog post, we will explore the key strategies and tactics for creating a successful hotel marketing campaign that captivates your target audience and delivers tangible results.

Hotel Marketing 56

Hotel Marketing Marketing Market Digital Marketing 56

Hotelogix

OCTOBER 11, 2024

Hopper is a trusted platform for booking hotels with a solid reputation in the travel industry. Though it started with flight bookings, its move into hotel reservations has been widely appreciated. Why Should Hoteliers Know About the Hopper App for Hotels? How does Hopper work for hotels ? 

Occupancy 52

Occupancy Hotels Travel Management 52

eZee Absolute

JANUARY 19, 2023

For years, hotels have been at a crossroads, trying to determine whether to handle marketing in-house or outsource it. So, the question at hand is, how can hotels determine which marketing approach to opt for? And, how to capitalize on the strengths of both in-house and outsourced marketing?

Hotel Marketing 81

Hotel Marketing Marketing Market Hotels 81

Cloudbeds

MARCH 3, 2023

From restaurants and lounges to spas and gift shops, hotels today offer a lot more than just a place to sleep. Read on to learn more about the benefits of a hotel POS system, the features to look for, and how to integrate your system with your hotel management platform. What is a POS system for hotels?

Sales 98

Sales Hotels Revenue Services 98

Hotel Speak

JULY 19, 2024

Whether you accept transient or group business to your hotel is more than just a revenue management question. And what is the philosophy of the hotel, the ownership, the general manager, and other stakeholders? But running a hotel like that, your team is going to be stressed! It’s also a risk management question.

Revenue 85

Revenue Management Revenue Management Average Daily Rate 85

SiteMinder

MARCH 13, 2025

What is a hotel feasibility study? A hotel feasibility study is a financial report that assesses the potential success of a hotel business or development project. The aim is to understand whether the hotel will be a sound investment from a profitability perspective. Our smart hotel platform helps you do exactly that.

52

52

STAAH

OCTOBER 15, 2024

The right software is a game-changer for hotel success, shaping everything from operational efficiency to guest satisfaction. As technology continues to advance, hotels have transformed the way they manage daily tasks and interact with guests. Let’s take a look at some essential software solutions every hotel should consider.

OTA 52

OTA Overbooking Revenue Management Revenue 52

Xotels

AUGUST 15, 2022

Did you make your new hotel budget already or are you right in the middle? Now is the time to take action to build your hotel budget plan! Now is the time to take action to build your hotel budget plan! Hotel Budgets: Where it All Starts… The basis of the target or budget lies in a detailed demand calendar.

Marketing 59

Marketing Market Hotels ROI 59

SiteMinder

SEPTEMBER 4, 2024

What is hotel conversion? Hotel conversion is the process of turning potential customers—such as website visitors, online searchers, or inquiries—into confirmed bookings. It measures how effectively a hotel can convert interest into actual reservations. What is a good hotel website conversion rate?

Hotels 75

Hotels Revenue Market Marketing 75

Little Hotelier

JULY 16, 2024

What is hotel inventory management? Hotel inventory management is the practice of ensuring your room inventory is sold efficiently and effectively for the best possible results. This means managing supply and demand to hit your desired occupancy rate while also maximising the revenue returns for your business.

Management 52

Management Hotels Revenue OTA 52

Little Hotelier

NOVEMBER 20, 2023

What is a hotel CRM? A hotel CRM is a customer relationship management system, which helps hotels manage their relationships with guests. It can be used to track guest information, preferences, and interactions, as well as to automate marketing and sales communications. Learn more 2.

Upsell 59

Upsell Hotels Occupancy Revenue 59

Cloudbeds

MAY 8, 2024

Searching for demand patterns for your property is like traveling to the past and then going to the future to forecast how to set up your hotel for success. Instead of a time machine, you need data on your hotel’s booking performance from your property management system. And no, it’s not a “Back to the Future” movie scene.

Cancellation 52

Cancellation Revenue Revenue Management Occupancy 52