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.

Yield Management 98

Yield Management Management Revenue Management Forecasting 98

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

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

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

SiteMinder

JUNE 26, 2024

Revenue optimization in hotels is a comprehensive strategy that accounts for all revenue streams and uses data to enhance the overall revenue performance of the business. It’s a holistic process that hotels can use to effectively manage pricing, inventory, distribution, customer demand, and more to promote revenue growth.

Revenue 52

Revenue Revenue Management Upsell Global Distribution System 52

SiteMinder

JANUARY 30, 2023

The accommodation, with more than 17 years in operation, is one of the most sought-after places worldwide, and has held the title of “World’s First Seven Star Boutique Hotel”. He also added that SiteMinder’s features allowed for improved yield management , which resulted in an increase of average daily rate (ADR) for the property.

Average Daily Rate 98

Average Daily Rate Global Distribution System Management Sales 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

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

Hotel Operations

FEBRUARY 12, 2023

Imagine working in operations at some of the leading hotel companies in the world, and then having the chance to start all over with a blank canvas in a role leading operations for a new brand. It’s a fundamental principle that you have in every hotel operation. What would you do? Or the division between rooms and F&B.

Operations 52

Operations Real Estate Hotels Revenue 52

Hotel Business

MARCH 14, 2024

Furthermore, AI can facilitate predictive analytics to forecast demand patterns accurately, allowing hotels to allocate resources efficiently and optimize inventory management. This proactive approach minimizes the risk of overbooking or underutilization of rooms, ultimately improving revenue management and operational efficiency.

Overbooking 59

Overbooking Revenue Upsell Forecasting 59

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

AskSuite

JULY 20, 2023

The success of a hotel hinges on more than just its architecture and impeccable service, it’s about managing all moving pieces efficiently. Hotel management can be quite complex, picture the everyday hustle, ensuring each room looks spotless, managing bookings, creating new revenue opportunities….

Management 52

Management Business Upsell Marketing Strategy 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

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

SiteMinder

NOVEMBER 17, 2023

As one of Ireland’s last few remaining family-run businesses we are proud to continue the long established tradition and pass it along to the next generation of the family,” says Geraldine Grealy , a member of the family run business and also the Marketing & Public Relations Manager at the hotel. “We One such tool is SiteMinder.

Overbooking 69

Overbooking Closing Hotels Revenue Management 69

Xotels

JANUARY 18, 2021

One of the components needed to apply a hotel revenue management is market segmentation. As a revenue manager or hotelier, your hotel market segmentation shall help to identify the purpose of the trip: either business or leisure. Tour Operators. Overbooking (from another hotel). Wholesalers.

Hotel Marketing 40

Hotel Marketing Market Marketing Revenue Management 40

SiteMinder

OCTOBER 5, 2023

It offers a suite of tools that allow you to manage your Expedia listings across various online travel agencies (OTAs) that are part of the Expedia Group. It allows you to manage bookings, adjust nightly rates, availability, and streamline inventory management. A particularly useful feature is the rate management tool.

Average Daily Rate 59

Average Daily Rate Hotels Management OTA 59

Cloudbeds

APRIL 8, 2024

In this guide, we’ll examine how an integrated booking engine brings value to lodging operators, using real-world examples from our customers and advice on what to look for in a new booking system. At the heart of this strategy lies booking engine software that can elevate the guest experience, optimizing it for convenience and profitability.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

SiteMinder

NOVEMBER 14, 2023

Through this inbox, hotel operators can manage reservations, respond to inquiries, and foster a personalised guest experience before, during and after arrival, all contributing to a more streamlined operational workflow – particularly when integrated with a broader property management system like SiteMinder.

Revenue 52

Revenue Management Yield Management Overbooking 52

SiteMinder

NOVEMBER 30, 2023

Travel technology comprises digital tools and platforms aimed at streamlining operations and enhancing guest experiences in the travel and hospitality sectors. It encompasses advanced booking engines, property management systems, customer relationship management (CRM) software, AI-driven chatbots, and more.

Travel 52

Travel Hotels Services OTA 52

SiteMinder

OCTOBER 11, 2022

Technology in the hotel industry continues to advance at a rapid pace and hotel property management software (PMS) remains essential for hoteliers looking to improve how they run their business. The key to reaping the benefits of an effective hotel management software system is to select the right one for your property.

Hotels 52

Hotels Management Revenue Management Revenue 52

Clock Software Hospitality

NOVEMBER 3, 2020

Throughout the years this has led to countless innovations in the industry, culminating with the adoption of hotel property management systems (PMS) which now act as the centre of a hotel’s daily operations. Manage Room Inventory Your hotel’s occupancy is the main metric by which you judge how well your business is doing at the moment.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

Cloudbeds

JUNE 8, 2023

From increasing occupancy to generating direct bookings and increasing ADR, lodging operators have a lot on their plate. As the hospitality industry becomes more complex, the role of technology to help streamline operations and automate processes becomes increasingly important. To keep it simple, we’ll only consider room revenue.

Management 98

Management Hotels Revenue Digital Marketing 98

SiteMinder

AUGUST 29, 2023

For hoteliers, hotel costs encompass everything from the cost of construction, to the cost of insurance, to the everyday operational costs of establishing, running and ultimately growing a hotel business. Controlling operating costs doesn’t necessarily mean cutting corners or compromising on guest experience.

Revenue 52

Revenue Hotels OTA Operations 52

Little Hotelier

AUGUST 1, 2023

Get the right price for your rooms with Little Hotelier Manage bookings effortlessly and increase revenue. Experience the power of all-in-one hotel management. However, this can also lead to a reliance on last-minute bookings, which can make revenue management more challenging. Let’s dive in.

Hotels 52

Hotels OTA Travel Overbooking 52

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

Cloudbeds

FEBRUARY 28, 2024

Whether online or offline, behind every effortless booking experience is a fast, reliable, and fully integrated hospitality management system. A hotel reservation system is software used in the hotel industry to manage room inventory, rates, and bookings. What is a hotel reservation system? How do hotel reservation systems work?

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

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

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. We recently spoke to Ms.

Revenue 98

Revenue Branding Overbooking Operations 98

Cloudbeds

APRIL 2, 2024

The number of booking channels lodging businesses must manage has expanded exponentially, from their website to online travel agencies , bed banks, GDS’, and metasearch engines. Unlike a channel manager , a CRS can service search requests and create new reservations in real time. The property management system.

Revenue Management 52

Revenue Management Occupancy Revenue Hotels 52

SiteMinder

MAY 21, 2023

Silavadee Pool Spa Resort Samui, a renowned 5-star establishment with over 14 years of operation, is nestled on the tranquil Lamai Beach in Surat Thani, Koh Samui. Recognising the need for technology, the team turned to SiteMinder’s channel manager as the solution to expand sales channels effortlessly.

Resorts 98

Resorts Overbooking Yield Management OTA 98

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.

Management 76

Management OTA Cancellation Overbooking 76

Little Hotelier

FEBRUARY 5, 2024

What is hotel reputation management software? As the name suggests, hotel reputation management software, also called hotel online review software or hotel review management software, is technology designed to help hotels and other accommodation providers to manage their online reputations.

Management 59

Management OTA Hotels Accommodation 59

SiteMinder

NOVEMBER 22, 2023

Hotel problems often revolve around managing guest expectations, maintaining operational efficiency, and ensuring financial profitability. Common issues include inconsistent customer service, challenges in managing online reputation, and fluctuating occupancy rates.

Overbooking 52

Overbooking Hotels Revenue Occupancy 52

Hotelogix

OCTOBER 19, 2023

Managing daily hotel operations is undoubtedly a complex and stressful task. We are talking about the Hotel Property Management System, also called the Hotel PMS System. It is THE MOST critical piece of hospitality technology solution that automates daily operations, saves time, reduces errors, and improves staff productivity.

Hotels 52

Hotels Revenue OTA Management 52

Hotel Speak

JULY 4, 2023

They can work with a hotel channel manager to ensure real-time distribution of rates and inventories across OTAs for better visibility, more sales, and zero overbookings. Large hotel groups can witness many benefits with Cloud-based Hotel PMS, more precisely, a Hotel PMS with multi-property management capabilities.

Hotels 52

Hotels Revenue Management Revenue Occupancy 52

STAAH

MAY 7, 2023

Airways Hotel sought a solution to modernise its inventory and booking management and saw a significant jump once it partnered with STAAH. The challenges of managing online room allotment across multiple channels Prior to STAAH , Airways Hotel was faced with challenges relating to managing hotel bookings across multiple channels.

Overbooking 76

Overbooking General Manager Revenue Hotels 76