SiteMinder

JUNE 12, 2024

What is Yield Management? Yield management is a pricing and revenue management strategy that is used to maximise business performance. For hotels, the ultimate aim of yield management is to increase revenue by leveraging the balance between supply (available rooms) and demand (guest bookings).

Yield Management 98

Yield Management Management Revenue Management Revenue 98

STAAH

APRIL 16, 2024

One of the most powerful tools in their arsenal is a robust Revenue Management Solution (RMS). An RMS that can sync seamlessly with various channels allows hoteliers to update room rates and availability across all platforms simultaneously, minimizing the risk of overbooking and ensuring maximum exposure to potential guests.

Revenue Management 111

Revenue Management Revenue Management Forecasting 111

eZee Absolute

DECEMBER 7, 2023

Revenue management (RM) is supremely necessary for hotels. I kid you not, most of the hotels refrain from opting for any sort of revenue management services. The hotel revenue management myths that are swirling around are the real reasons hotels are so skeptical about it. Do not shy away from revenue management.

Revenue Management 98

Revenue Management Revenue Management Overbooking 98

Inn Quest

APRIL 5, 2023

Anyone who has worked in the hospitality industry for a few years would enthusiastically attest to the importance of yield management in hotels, particularly in hotel revenue management. Furthermore, we will provide examples of successful yield management strategies and offer tips on how to implement them in your hotel.

Yield Management 88

Yield Management Management Occupancy Revenue 88

Inn Quest

FEBRUARY 1, 2023

As we head into 2023, the hotel industry faces several challenges and changes that hotel managers need to be aware of to be successful. Hotel managers must get creative and think outside the box when creating new and exciting offerings for their guests. One way to do this is by incorporating new technologies and trends into your hotel.

Management 88

Management Consumer Hotels Overbooking 88

STAAH

OCTOBER 15, 2024

As technology continues to advance, hotels have transformed the way they manage daily tasks and interact with guests. Property Management System (PMS) A Property Management System (PMS) is the heart of hotel operations, handling everything from reservations and check-ins to billing and room assignments.

Operations 111

Operations OTA Overbooking Revenue 111

STAAH

OCTOBER 15, 2023

India’s Rudraksh Club & Resort improves bookings effectiveness and efficiency with the STAAH channel manager and hasn’t looked back since. Prior to STAAH, the process for the Rudraksh team was very manual; managing each channel individually. This led to rate disparity, overbooking and inventory discrepancies.

Overbooking 105

Overbooking Occupancy Accommodation Resorts 105

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

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. Revenue managers have had to up their ante on monitoring local trends and populace segments to get a better understanding of demand.

Revenue Management 98

Revenue Management Revenue Management Forecasting 98

Inn Quest

SEPTEMBER 12, 2023

From the moment a guest walks through the doors until their departure, every aspect of their stay is carefully curated through the lenses of hotel operating systems and the adept oversight of a hotel operations manager. Human Resource Management: Managing the hotel’s workforce is essential.

Operations 88

Operations Management Revenue Revenue Management 88

SiteMinder

OCTOBER 26, 2023

Dallas, USA – Brittain Resorts & Hotels (BRH), a leading full-service hospitality management company, has adopted SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, as part of its newly-announced business intelligence technology matrix.

Revenue Management 81

Revenue Management Revenue Resorts Management 81

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

STAAH

JUNE 11, 2024

Channel management: Use a channel manager to synchronise availability and rates across all distribution channels, reducing the risk of overbooking and ensuring rate parity. Using insights from your channel manager, you can also dial-up the high-performing channels in real-time.

OTA 111

OTA Shopping Occupancy Overbooking 111

SiteMinder

SEPTEMBER 6, 2023

While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. Last-minute hotel room bookings have a range of benefits including: Maximised occupancy : Filling rooms at the eleventh hour ensures that you’re making the most of your available inventory.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

SiteMinder

OCTOBER 10, 2023

What is an Agoda channel manager? An Agoda channel manager is a tool designed to help hoteliers optimise their online presence across Agoda’s extensive booking platform. Table of contents Why should hotels consider a channel manager for Agoda? How does an Agoda channel manager work? But that’s not all.

Management 59

Management Overbooking OTA Hotels 59

Hotelogix

OCTOBER 4, 2024

In today’s competitive hospitality industry, managing bookings efficiently can make or break a hotel's success. For small and mid-size hotels, having the right OTA ( Online Travel Agencies ) channel manager is critical. What is a Channel Manager?  This prevents overbookings and reduces manual work.

OTA 52

OTA Management Overbooking Revenue 52

Catala Consulting

MAY 17, 2024

Revenue management is a crucial aspect of the hospitality industry, focusing on maximizing income through strategic pricing, inventory control, and demand forecasting. These frontline employees are instrumental in shaping the guest experience, impacting occupancy rates, and ultimately driving revenue.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

SiteMinder

MAY 21, 2023

.” Increasing online bookings with a channel manager When discussing the challenges of market and selling rooms online in the past, Silavadee Pool Spa Resort had to manually manage room availability, rate adjustments, and limited online sales channels. Previously, the resort handled all tasks manually, which was time-consuming.

Resorts 98

Resorts Overbooking Yield Management OTA 98

Little Hotelier

FEBRUARY 5, 2024

Vacation rental software is a versatile solution that covers everything from online booking and reservation management to seamless payment processing and automatic guest communication. It’s like having a trusted partner by your side, designed to simplify and supercharge the management of your charming hotel or vacation property.

Management 59

Management Overbooking OTA Accommodation 59

Hotelogix

NOVEMBER 28, 2024

Managing bookings across multiple channels has become a core part of running a successful hospitality business. From hotels and vacation rentals to holiday apartments, properties of all types rely on channel managers to simplify operations. Choosing the best channel manager isn't just about convenience.

Business 52

Business Management OTA Global Distribution System 52

Hotelogix

FEBRUARY 13, 2024

This exploration delves into the intricate operational requirements of large hotels, the pitfalls of wrong management practices - either manually or via outdated on-premises solutions, and how a cloud-based hotel management software or a hotel property management system (Hotel PMS) acts as a savior, ensuring a seamless performance across the board.

Management 59

Management Hotels Revenue Management Revenue 59

Cloudbeds

JULY 15, 2023

For growing hospitality businesses, a channel manager is a fundamental part of successful revenue management and distribution strategy. In this guide for hospitality professionals, you’ll learn all about Channel Managers, from how they work to what makes great software for your business specifically. What is a channel manager?

Management 76

Management OTA Cancellation Overbooking 76

eZee Absolute

JANUARY 15, 2025

I highly recommend YCS to every hotelier who wants to simplify operations and enhance guest satisfaction. – Mr. Hemant Singh, Operations Manager at Hotel 7 Rays Now, this level of trust isnt built overnight. Missed Bookings and Overbooking Chaos: Reservations were often mishandled, leading to lost revenue and unhappy customers.

Management 52

Management Overbooking Hotels Operations 52

STAAH

AUGUST 20, 2023

They wanted a platform that was fast and performant – quickly updating inventory and rates across multiple online channels, minimising errors and overbooking. The resort signed up to the STAAH Channel Manager , combining its prowess with the STAAH Booking Engine to grow high-yielding direct bookings. Wins all around!

Revenue 98

Revenue Overbooking Resorts Occupancy 98

SiteMinder

DECEMBER 7, 2023

What is hotel rate management? Hotel rate management is the process of strategically pricing rooms to attract guests while also maximising revenue. This strategy is crucial for enhancing both occupancy rates and the average daily rate (ADR), directly influencing the hotel’s financial performance.

Management 59

Management Average Daily Rate Occupancy Revenue 59

Hotelogix

OCTOBER 24, 2024

Understanding different hospitality technology solutions and their roles – Hotel PMS You can call it a Hotel PMS, hotel property management system , hotel property management software, hotel management system, hotel management software, or hotel software. They lack integration capabilities.

OTA 52

OTA Management Overbooking Cancellation 52

SiteMinder

MARCH 20, 2024

From sustainable design elements to mindful waste management practices, Neera Retreat’s commitment to environmental stewardship permeates every aspect of its operations, fostering awareness and inspiring change in both guests and staff alike. .

Revenue 98

Revenue Branding Overbooking Operations 98

Inn Quest

AUGUST 15, 2023

At a glance: – Understanding the Hotel Channel Management Landscape – What Is A Hotel Channel Manager? – Technical Features of A Hotel Channel Manager – How To Choose The Right Hotel Channel Manager For Your Hotel? – What Other Systems Can You Use With A Channel Manager At Your Hotel?

Management 52

Management Global Distribution System Overbooking OTA 52

SiteMinder

MAY 2, 2023

More efficient processes make things easier for staff When the travel industry came to an abrupt halt during the pandemic, Matthias and Tom used the break to implement new systems, including a cloud-based PMS and SiteMinder’s channel manager. “We We used to manually manage our profiles and rates across different OTAs and our website.

Overbooking 97

Overbooking Online Sales Hotels OTA 97

Inn Quest

AUGUST 8, 2023

Offering competitive rates during off-peak seasons allows hotels to remain active in the market and attract guests even when other competitors might be struggling to maintain occupancy. Improved Inventory Management: Implementing seasonal pricing allows hotels to manage their inventory more efficiently.

Hotels 88

Hotels Occupancy Overbooking Revenue 88

Hotel Speak

AUGUST 13, 2024

Therefore, ensuring it’s easy for guests to book, whether direct or through third parties, is paramount to fulfilling a successful occupancy strategy and higher Average Daily Rate (ADR) goal. Online visibility leads to occupancy. From searching to booking, guests are influenced by an average of 38 websites before making a reservation.

Revenue 101

Revenue Sales OTA Average Daily Rate 101

Little Hotelier

APRIL 10, 2024

Automation brings freedom and peace of mind Even with just four glamping pods, having software in place to manage day-to-day tasks is crucial for time management and revenue optimisation. In the summer season, Hillside Haven experiences about 90% occupancy. “At Tracy states that Little Hotelier has been invaluable. “It

Revenue 52

Revenue Management Small Business OTA 52

eZee Absolute

FEBRUARY 12, 2025

With a data-driven approach and AI-powered tools like eZee Mint AI , you can still maximize occupancy, increase revenue per room , and turn last-minute demand into profits. Dont Let Overbooking or Cancellations Kill Your Revenue With a major event like this, cancellations and no-shows are inevitable. But you have to act fast.

Revenue 52

Revenue Cancellation Overbooking Revenue Management 52

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? The setup didn’t take long at all.”

OTA 52

OTA Management Revenue Occupancy 52

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

SiteMinder

JUNE 26, 2024

It’s a holistic process that hotels can use to effectively manage pricing, inventory, distribution, customer demand, and more to promote revenue growth. Revenue optimization vs revenue management In terms of definition and practice, there is a difference between revenue optimization and revenue management.

Revenue 72

Revenue Revenue Management Upsell Global Distribution System 72

Hotelogix

SEPTEMBER 12, 2024

A Hotel Property Management System (Hotel PMS) is software that helps hotels efficiently organize, schedule, and manage their daily operations. General Management: General Managers take care of the overall administration of a hotel. What is Hotel PMS? to make key business decisions.

Management 52

Management Revenue Management Hotels Operations 52