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. It stands for Gross Operating Profit Per Available Room.

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

TravelNet

JUNE 22, 2023

The uncertain economy, combined with the increased supply of vacation rental properties, not to mention more online travel aggregators (OTAs) and direct booking options, is creating more competition than ever among vacation rentals. Can you maintain an effective revenue management strategy without software?

Revenue Management 52

Revenue Management Revenue Management ROI 52

SiteMinder

JUNE 12, 2024

What is Yield Management? 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. Think of it as the art behind the science of room supply and demand.

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Yield Management Management Revenue Management Forecasting 98

SiteMinder

JANUARY 8, 2024

What is hotel management? Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Successful hotel management is about being able to adapt and meet challenges within a range of roles and responsibilities.

Operations 59

Operations Management OTA Hotels 59

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). As COO, Bhogaraju will spearhead strategic planning, internal operations, M&A, partnerships, and help to scale the company’s acquired businesses.

OTA 52

OTA Scale General Manager Operations 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). As COO, Bhogaraju will spearhead strategic planning, internal operations, M&A, partnerships, and help to scale the company’s acquired businesses.

OTA 52

OTA Scale General Manager Operations 52

SiteMinder

JANUARY 8, 2024

What is hotel management? Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Successful hotel management is about being able to adapt and meet challenges within a range of roles and responsibilities.

Operations 52

Operations Management OTA Hotels 52

Hotelogix

MAY 16, 2024

It's about exceeding them while efficiently managing your operations. Streamline operations with a cloud-based hotel property management system (PMS) Upgrading to a cloud-based Hotel PMS can significantly improve hotel operational efficiency. Top 5 Tips on How to Improve Efficiency in Hotels  1.

Operations 52

Operations OTA Hotels Revenue 52

STAAH

JUNE 27, 2024

This foundational role provided him with firsthand experience in guest services and hotel operations. His career trajectory then led him into Corporate Marketing and Revenue Management within the hospitality sector, where he focused on developing and implementing strategies to maximize revenue and enhance brand visibility.

Business 59

Business Management OTA Revenue Management 59

Hotelogix

FEBRUARY 13, 2024

Operating a large independent hotel with 200+ rooms, 4-5 in-house restaurants, a couple of gyms, spas, and gift shops is multifaceted, where precision, efficiency, and guest satisfaction are paramount. Inventory and supplier management Efficiently managing inventory for dining, bars, and room amenities is vital yet challenging.

Management 59

Management Hotels Revenue Management Occupancy 59

STAAH

MAY 22, 2024

Revenue management solutions are indispensable tools for hotels seeking to optimize their RevPAR (Revenue per Available Room). By leveraging advanced algorithms and data analytics, these solutions enable hotels to strategically adjust pricing and inventory to maximize revenue. Read in detail here.

Revenue 77

Revenue Revenue Management Management Forecasting 77

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!

Management 87

Management Overbooking Revenue Hotels 87

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

Catala Consulting

DECEMBER 28, 2023

In the hospitality industry, hoteliers are constantly seeking innovative strategies to enhance guest satisfaction, optimize operations, and boost revenue. To meet these evolving demands, hoteliers must adopt an innovative mindset, continuously seeking new ways to delight guests, improve operations and increase hotel performance.

Management 52

Management Revenue Management Revenue Hotels 52

SiteMinder

JUNE 11, 2024

Brady Hotels & Apartments is an independent hotel group owned and operated out of Melbourne, Australia. We recently spoke to Alexandra Rolton , Strategic Sales & Key Account Manager , about the group’s operations and how it has been utilising SiteMinder’s platform to optimise operations and revenue strategies. “We

Global Distribution System 98

Global Distribution System Revenue Hotels Operations 98

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

OCTOBER 11, 2022

Hotel manager (or front of house manager). Assistant hotel manager (or assistant front of house manager). Night duty manager (or night auditor). Management department. Other than the front of house managers and night managers, a hotel’s management staff go largely unseen by guests.

Operations 59

Operations Hotels Management Revenue Management 59

Hotel Business

NOVEMBER 13, 2023

By Steve Green Can the industry aim higher when capturing revenue from individual travelers? To do so, revenue managers may need to get comfortable with a “revenue maximizer” mindset. Shifting to accommodate this mindset is the cornerstone of success in tomorrow’s revenue management landscape.

Revenue 59

Revenue Revenue Management Average Daily Rate OTA 59

Cloudbeds

FEBRUARY 15, 2023

Striking a balance: controlling hotel operating costs while upholding guest satisfaction Keeping hotel operating expenses under control is essential to running a successful property. In the ideal scenario, property expenses would be perfectly aligned with total revenue, leaving a tidy profit for hotel owners.

Operations 52

Operations Occupancy Revenue Hotels 52

Cloudbeds

JUNE 5, 2024

There used to be a time when hotel revenue managers simply had to look at predicted demand and keep an eye on competitors’ rates to optimize pricing. For revenue managers, that meant adding a new strategy (and a new skill) to their decision-making: reputation pricing. For them, the primary quality indicator was price.

Revenue Management 52

Revenue Management Revenue Occupancy Average Daily Rate 52

Boutique Hotel News

NOVEMBER 9, 2022

UK: Hamlet Hotels have launched a three-model system for independent hotel owners to partner with the company without management or franchise fees. . Divided into three packages – Classic, Select and Hamlet Plus – each category offers a different level of sales and operational management. Operational freedom.

Display Ads 52

Display Ads OTA Revenue Management Revenue 52

Little Hotelier

MARCH 10, 2024

Hotel sales software is a specialised tool designed for the hospitality industry to manage and optimise sales activities. It centralises information on bookings, customer interactions, and revenue streams, allowing hoteliers to efficiently track performance and make informed decisions.

Hotel Sales 52

Hotel Sales Sales Revenue Management Revenue 52

SiteMinder

NOVEMBER 21, 2023

Innroad is a cloud-based hotel management solution tailored to cater to a diverse range of property types, from hotels and resorts to inns, BnB’s, vacation rentals, and campgrounds. Some key features of Innroad include its OTA integrations, an all-in-one management solution, and a network of around 500 partners and integrations.

OTA 59

OTA Revenue Management Operations 59

Cloudbeds

APRIL 30, 2024

A question that likely keeps you up at night is, ‘How can I boost revenue per available room (RevPAR) and outpace my competitors?’ It’s the bedrock of hotel revenue management , and for good reason. But it’s not solely about revenue. Why is hotel price optimization an essential pillar of revenue management?

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

STAAH

JANUARY 28, 2024

Looking for better support and a more intuitive channel management solution, Philippines’ J7 Group of Hotels switched to STAAH. In search for better service In an industry where service is paramount, J7 Hotels were not happy with the customer service and responsiveness by their existing channel management provider. Find out more.

Revenue 83

Revenue Revenue Management Hotels Services 83

Cloudbeds

MAY 8, 2024

Instead of a time machine, you need data on your hotel’s booking performance from your property management system. It also shows what type of guests are staying at your hotel and even what booking channels (direct, online travel agencies (OTAs), etc.) And no, it’s not a “Back to the Future” movie scene. are the most common.

Cancellation 52

Cancellation Revenue Occupancy Revenue Management 52

STAAH

MAY 30, 2023

1) Hotel Channel Manager | Online Visibility: One of the most important tools for hoteliers to succeed in a hyper-competitive-looking environment is to maximize their reach and visibility online while keeping costs low. Choosing OTA partners based on high reach, booking volume, and low commissions is key to a successful OTA strategy.

OTA 82

OTA Hotels Revenue Travel 82

STAAH

FEBRUARY 18, 2024

Breakas Hotel is revolutionizing its distribution and revenue management strategy with bookings increasing four times since moving to STAAH. A need to accelerate direct bookings Prior to STAAH , Breakas operated with a high subscription fee model by its channel manager and booking engine.

Online Sales 78

Online Sales Revenue Resorts OTA 78

Hotel Business

MAY 16, 2023

One major issue some hoteliers face is that their property management systems only do the bare minimum and don’t support ongoing growth and scalability. For instance, some legacy property management systems don’t integrate well with third-party tools. Do you have any tips on how hoteliers can successfully manage their hotel revenue?

Revenue 96

Revenue Revenue Management Occupancy Operations 96

STAAH

FEBRUARY 18, 2024

Breakas Hotel is revolutionizing its distribution and revenue management strategy with bookings increasing four times since moving to STAAH. A need to accelerate direct bookings Prior to STAAH , Breakas operated with a high subscription fee model by its channel manager and booking engine.

Online Sales 77

Online Sales Revenue Resorts OTA 77

Cloudbeds

APRIL 8, 2024

Many hoteliers question if it’s worthwhile investing in a direct booking strategy or if they can solely rely on online travel agencies (OTAs) like Airbnb, Booking.com, or Trip.com to fill occupancy. Are you wondering whether you need a hotel booking engine? What is a booking engine? Upsells and add-ons. Travelers crave experiences.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

Hotel Speak

APRIL 12, 2023

The US-based hotel owner/operator Tishman has a track record for developing and managing premier large-scale hospitality assets in major markets. Tishman Hotel Corporation is the asset management arm of the firm, providing management services for Tishman’s hotel portfolio as well as for select third-party clients.

Revenue Management 52

Revenue Management Revenue Real Estate Hotels 52

STAAH

AUGUST 13, 2023

Pricing intelligence and revenue management software provider, RatePing Hotel Pricing Intelligence and leading hospitality guest acquisition platform, STAAH have enhanced their long-standing partnership to cover the former’s Price Intelligence and Revenue Boost capabilities.

Revenue 76

Revenue Revenue Management Hotels Resorts 76

SiteMinder

JUNE 24, 2024

Understanding these fees is essential for effectively managing your hotel’s revenue. If your hotel charges additional resort fees, these need to be clearly communicated to guests and managed separately. It’s worth discussing your options with your Booking.com account manager to see if custom rates can be arranged.

Cancellation 52

Cancellation Overbooking Revenue OTA 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. In the ever-competitive world of hospitality, staying ahead can be a real challenge.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

Hotel Business

MARCH 16, 2023

Hospitality management platform Cloudbeds has unveiled its inaugural State of Independent Lodging Report. Our mission is to arm owners and operators with clarity as they navigate the ever-changing travel landscape.” During the pandemic, there was a significant shift toward direct bookings due to decreased advertising budgets for OTAs.

Average Length of Stay 52

Average Length of Stay OTA Occupancy Digital Marketing 52

Hotelogix

DECEMBER 25, 2023

A Hotel Property Management System (Hotel PMS System) is a solution that streamlines and automates the daily operations of a hotel. It is a powerful tool that efficiently enables hotel managers/owners to manage guest reservations, room assignments, check-ins, check-outs, billing, housekeeping, and many other essential tasks.

Revenue 59

Revenue Sales Hotels Shopping 59