Hotel Speak

FEBRUARY 1, 2024

The annual Duetto Revenue Management Trends & Predictions Survey results are in! After weeks of polling hoteliers from around the world, we can now deep-dive into the results and see what trends and predictions hotel teams are looking at for 2024. are currently using a revenue management system (RMS), up from 82.3%

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Revenue Management Revenue Management Forecasting 99

SiteMinder

JUNE 6, 2024

A quick search on the internet yields a wide range of definitions for ‘revenue management’. Some of these take a theoretical, almost academic approach and, in several instances, there are iterations of revenue management’s classic definition: ‘selling the right room, to the right guest, at the right time, for the right price’.

Revenue Management 98

Revenue Management Revenue Management Accommodation 98

Hospitality Net

JUNE 20, 2023

OTA Insight, the global leader in cloud-based business intelligence, today announced Benchmark Insight, which will be available as a free beta solution globally.

OTA 100

OTA Revenue Management Market Share Revenue 100

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

eHotelier

DECEMBER 1, 2022

Many hoteliers don’t fully understand the importance of pre-authorizations in their overall revenue management strategy, here's what you need to know.

OTA 116

OTA Revenue Management Revenue Management 116

Hotel News Resource

AUGUST 18, 2023

Article - The Importance of Pickup and Pace in Hotel Revenue Management - Discover the significance of pickup and pace in hotel revenue management. Learn how optimizing these factors can boost your hotel's revenue.

Revenue Management 98

Revenue Management Revenue Management Hotels 98

STAAH

NOVEMBER 8, 2022

Like many other areas in travel and hospitality, revenue management has dramatically changed in the last two years. We spoke to leading revenue managers on what they think lies ahead. Don’t rule out presence on OTAs,” suggests Jaydeep, “but make sure you keep up your profiles on other online media.”.

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Revenue Management Revenue Management Forecasting 84

Refine

NOVEMBER 27, 2023

Question for Our Revenue Management Expert Panel: What are the advantages of participating in special OTA deals? Question by Chaya Kowal) Our Revenue Management Expert Panel Connor Vanderholm - CEO, Topline The post Top Tips for Hotels Participating in Special OTA Deals appeared first on Revfine.com.

OTA 69

OTA ROI Revenue Management Revenue 69

Hotel News Resource

MAY 24, 2023

Business Intelligence Platform Debuts in EMEA To Transform Hotel Revenue Management

OTA 105

OTA Business Revenue Management Revenue 105

STAAH

APRIL 16, 2024

One of the most powerful tools in their arsenal is a robust Revenue Management Solution (RMS). To help you navigate this decision-making process, let’s explore the essential features to consider when selecting an RMS for your hotel. Scalability and Flexibility: As your hotel grows, so should your RMS.

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Revenue Management Revenue Management Forecasting 91

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

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

Travelboom Marketing

MAY 24, 2024

Hotel revenue management strategies make the most of hospitality budgets by connecting the right guests with the best offer at the optimal time. With these insights, the hotel’s staffing, rate structuring, and marketing efforts can be more strategic, reducing wasted efforts, resources, and money.

Revenue Management 52

Revenue Management Revenue Management Cost Per Click 52

Hotel Business

NOVEMBER 9, 2023

Global cloud-based market intelligence provider OTA Insight has rebranded to Lighthouse. “Our capabilities and vision have outgrown the OTA Insight name,” said Sean Fitzpatrick, CEO. The company’s platform is built on data sets covering more than 725,000 hotels and 19 million short-term rental properties globally.

OTA 64

OTA Forecasting Marketing Strategy Revenue Management 64

Hotelogix

NOVEMBER 30, 2023

Online Travel Agents for hotels or OTAs serve as important distribution channels for hotels. OTAs are online platforms or websites that sell hotel rooms to customers. An excellent marketing strategy incorporates OTAs to boost sales and revenue. These statistics show why OTAs are essential for hotels.

OTA 59

OTA Hotels Online Sales Market 59

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

eZee Absolute

MAY 7, 2024

But hotel revenue management can be your secret wand. Revenue management is about more than just the right pricing. It’s about knowing what guests need, predicting bookings, and adjusting rates to make more revenue. It’s about knowing your guests and setting the right price to fill your hotel.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

Hotel Speak

NOVEMBER 19, 2024

When it comes to revenue management, casino resorts require a different approach than traditional hotels. Implemented effectively, a solid casino-centric revenue management strategy can help casino managers market their casino to the right audience and price their products to boost bottom-line revenue.

Casinos 53

Casinos Revenue Management Revenue Management 53

gcommerce

SEPTEMBER 9, 2024

4 tips to help your hotel win Black Friday & Cyber Monday in 2024 School is back in session, and that means one thing. It’s time to start planning now for your hotel’s Black Friday and Cyber Monday campaign strategies. Options for more control and better revenue performance exist outside of this Google commission bid strategy.

Digital Marketing 96

Digital Marketing Marketing Market Revenue Management 96

Hotel Speak

SEPTEMBER 26, 2024

Hotel revenue managers must optimize pricing and inventory across multiple distribution channels while reacting to constant demand fluctuations. This challenging environment has led many hotels to embrace automation and AI to enhance financial performance. Minimizes revenue leakages.

Revenue Management 87

Revenue Management OTA Revenue Forecasting 87

Boutique Hotel News

MARCH 20, 2023

US: Cloud-based hospitality business intelligence platform OTA Insight has announced the appointment of Vivek Bhogaraju as its chief operating officer (COO). Bhogaraju said: “I am thrilled to join OTA Insight and work alongside such a talented, driven and dedicated team.

OTA 52

OTA Scale General Manager Revenue 52

Boutique Hotel News

MARCH 20, 2023

US: Cloud-based hospitality business intelligence platform OTA Insight has announced the appointment of Vivek Bhogaraju as its chief operating officer (COO). Bhogaraju said: “I am thrilled to join OTA Insight and work alongside such a talented, driven and dedicated team.

OTA 52

OTA Scale General Manager Revenue 52

SiteMinder

AUGUST 11, 2024

It’s hard to imagine revenue management before the advent of hotel software and systems. Thanks to these solutions, today’s revenue manager can produce forecasts, distribute inventory and adjust rates with speed – a stark contrast to the manual and long drawn-out processes that defined the practice in the past.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Hotel News Resource

JUNE 15, 2023

For revenue managers, there has been a real shift in the landscape, making benchmarking an even more important tool to turn to.

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Revenue Management Revenue Hotels Marketing 127

Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Why is Revenue Management Imperative for Resorts?

Revenue Management 52

Revenue Management Revenue Resorts Management 52

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

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 93

Operations OTA Overbooking Revenue 93

SiteMinder

JUNE 29, 2023

What is an OTA channel manager? An OTA channel manager is a tool used to manage online travel agents (OTAs) in a single platform. It is commonly used by hotel sales and revenue managers to update rooms and rates in real-time. Table of contents Why use a channel manager for OTAs?

OTA 52

OTA Management Revenue Occupancy 52

Cloudbeds

NOVEMBER 15, 2024

For years, the gold standard guiding business strategies for hotels has relied heavily on historical data, analyzed a few times a year (at best), making it difficult to swiftly respond to changing market conditions. For hotels, this includes making dynamic rate suggestions and identifying segments and offers for marketing campaigns.

Upsell 99

Upsell Occupancy Revenue Management Revenue 99

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. Decision: Should we increase or hold the retail pricing on online travel agents (OTAs) and the brand website?

Occupancy 104

Occupancy Retail Yield Management Revenue 104

SiteMinder

JUNE 12, 2024

Yield management is a pricing and revenue management strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. However, the essence of yield management extends far beyond just filling up rooms or seats.

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Yield Management Management Revenue Management Revenue 98

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 Revenue Hotels Operations 98

STAAH

MARCH 24, 2024

G5 Hotel & Serviced Apartment Johor Bahru is an ideal holiday getaway for both business and leisure travelers who are looking for a good night’s sleep without compromising on quality and comfort. And here is where STAAH’s biggest power lies – its insights and revenue optimisation features.

Services 93

Services OTA Revenue Management Revenue 93

STAAH

MAY 30, 2023

In today’s digital age, effective hotel distribution and pricing strategies are crucial for maximizing revenue and staying competitive. This article highlights the non-negotiable elements that form the foundation of a profitable hotel distribution strategy.

OTA 94

OTA Hotels Revenue Travel 94

Boutique Hotel News

MARCH 6, 2023

Worldwide: Cloud-based business intelligence company OTA Insight has launched Rate Insight+, a commercial tool which combines hotel and short-term rental data into one platform. Rate Insight+ will now provide hoteliers with a consolidated overview of short-term rental and hotel pricing in a singular platform.

OTA 52

OTA Occupancy Accommodation Hotels 52

SiteMinder

APRIL 11, 2023

Hotel Oderberger Berlin opened its doors in 2016, but it has a long and fascinating history. Today it continues as a hotel, the pool being open both to hotel guests and the public (though to the latter only by appointment). This is how Hotel Oderberger Berlin managed to increase its average occupancy.

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OTA Hotels Management Revenue Management 105

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. We look at where hotels can review distribution strategies to maximise market potential.

OTA 75

OTA Hotels Revenue Revenue Management 75