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

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? These are managed as inventory and must be scheduled and priced accordingly.

Management 87

Management Overbooking Revenue Hotels 87

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

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

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

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

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

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

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

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

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

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

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 85

Operations OTA Overbooking Revenue 85

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 83

Revenue Management Revenue Management Forecasting 83

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

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

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

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 18, 2024

What Is Hotel Operations Management? Cost Management: Efficient operations help hotels control their expenses. Managing this area well is essential for creating a positive first impression. The way a hotel operates is crucial for keeping everything running smoothly and ensuring that visitors have a great experience.

Operations 52

Operations Management Hotels Services 52

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

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

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

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

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 87

Overbooking Occupancy Accommodation Resorts 87

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.

OTA 52

OTA Overbooking Revenue Management Revenue 52

SiteMinder

JANUARY 21, 2024

Front Office Manager, plays a pivotal role in ensuring every customer’s experience is unforgettable. Sophin explained that some key essentials of property management were made more difficult without the help of technology. Sophin Kumpal , Asst. Table of contents Reservation challenges before joining SiteMinder Ms.

Resorts 52

Resorts Overbooking OTA Occupancy 52

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

Hotelogix

OCTOBER 11, 2024

Understanding the intricacies of no-shows is important for effective hotel management. The consequences can greatly impact the revenue streams, occupancy rates, and guest satisfaction. Skewed Occupancy Data Accurate occupancy data is important for hotels to make informed decisions.

Cancellation 52

Cancellation Occupancy Overbooking Hotels 52

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

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 76

Revenue Management Revenue Management Forecasting 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 91

OTA Shopping Occupancy Overbooking 91

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

Hotelogix

NOVEMBER 7, 2024

The right sales tactics can help increase revenue, boost occupancy rates , and ensure guests have a positive experience. A loyalty program can encourage guests to keep coming back, which boosts your occupancy rate. In the competitive world of hospitality, having a strong sales strategy is key to ensuring your hotel's success.

Hotel Sales 52

Hotel Sales Revenue Sales OTA 52

Little Hotelier

OCTOBER 30, 2024

PMS (property management system) integration is all about connecting your PMS with other tools you use to run your hotel. Instead of manually updating bookings or processing payments separately, a hotel PMS integration makes sure all your systems—like booking engines, channel managers, or payment gateways—are linked.

OTA 52

OTA Motels Upsell Overbooking 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

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

Fuel Travel

JULY 11, 2024

Behind the scenes it manages rates, availability, and guest reservations, passing this information from the hotel to the guest and vice versa. It also prevents overbooking and keeps everything in sync, allowing guests to tailor their stay preferences and enhance their experience. How does hotel booking software work?

Upsell 52

Upsell Overbooking Hotels OTA 52