eHotelier

FEBRUARY 23, 2024

Managing a profitable hotel requires a careful eye on your inventory. However, spoilage, overbooking, and overselling can also wreck your profits. You don’t want to sell your rooms too early at reduced rates because such spillage can drain your revenue.

Revenue 116

Revenue Revenue Management Overbooking Management 116

Hospitality Net

AUGUST 5, 2024

This episode equips you with best practices for setting oversell limits, managing operational expectations, and balancing the risks and rewards of overbooking, ensuring you can maintain high occupancy rates without compromising customer satisfaction.

Cancellation 189

Cancellation Overbooking Occupancy Operations 189

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

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

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

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

eHotelier

FEBRUARY 20, 2024

Managing a profitable hotel requires a careful eye on your inventory. However, spoilage, overbooking, and overselling can also wreck your profits. You don’t want to sell your rooms too early at reduced rates because such spillage can drain your revenue.

Revenue 52

Revenue Revenue Management Overbooking Management 52

Hotelogix

SEPTEMBER 22, 2024

While you create unique experiences for your guests, managing daily operations is crucial to ensure smooth functioning and profitability. Below are the key tips for efficiently managing your resort property using modern management systems. Absence or delay in the orders can result in major discrepancies in the folios.

Resorts 52

Resorts Management Operations Revenue 52

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

Refine

FEBRUARY 18, 2024

Hotel Distribution Channel Manager A hotel distribution channel manager is a vital tool for hotels to manage and distribute their room inventory across various online booking platforms efficiently. It synchronizes data like rates and availability, reducing overbookings and discrepancies. appeared first on Revfine.com.

Management 40

Management Overbooking Revenue Hotels 40

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

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 10, 2023

What is a TripAdvisor channel manager? A TripAdvisor channel manager is a specialised tool aimed at empowering hoteliers to enhance their online visibility across TripAdvisor’s vast booking platform. Additionally, efficiency is the cornerstone of effective hotel management. And best of all?

Management 52

Management Overbooking Hotels 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. This blog post explores how hotel reception staff influence revenue management and why their role is pivotal in the overall financial health of a hotel.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

Hotelier Magazine

NOVEMBER 1, 2024

From managing multiple tables in a busy restaurant to ensuring seamless check-ins at a hotel, the stakes are high, and mistakes can have significant consequences. This article will explore strategies for managing high-pressure situations in hospitality.

Management 59

Management Hospitality Services Events 59

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

STAAH

MAY 5, 2024

Challenges before STAAH Before implementing STAAH , the group property faced challenges in managing online bookings efficiently. Coordinating availability across multiple channels was a cumbersome task, often leading to overbookings or missed opportunities.

Management 91

Management Overbooking Revenue Hotels 91

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

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

SiteMinder

OCTOBER 10, 2023

What is a Trivago channel manager? A Trivago channel manager serves as a bridge between your hotel and potential guests. By effectively managing your listings across Trivago, it reduces necessary admin, optimises your online visibility, and enhances guest experience, ensuring that your hotel reaches a wider audience.

Management 59

Management Overbooking OTA Hotels 59

STAAH

OCTOBER 3, 2023

A Hotel Channel Manager plays a key role in streamlining online distribution. It serves as a centralized control hub, enabling hoteliers to effortlessly manage and optimize their room inventory, rates, and availability across various online booking channels. There are many channel managers on the market.

Accommodation 85

Accommodation Management Global Distribution System OTA 85

eZee Absolute

DECEMBER 11, 2023

Imagine you have 25 rooms to manage in your bustling hotel. Well, that’s where your trusty sidekick in this digital world comes in – the hotel channel manager. In simple words, a channel manager is your 24*7 assistant in the digital world of bookings. Sounds like a logistical nightmare, right? But fear not!

Management 59

Management OTA Overbooking Global Distribution System 59

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

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 84

Operations OTA Overbooking Revenue 84

Refine

JUNE 16, 2023

Analyses showed that hotels with a solid revenue management strategy came out of the Covid-19 crisis better than hotels without. In this article, you’ll learn how successful hoteliers handle pricing strategies during the post-covid era, and how to deal with spillage, spoilage, overbooking, and overselling.

Overbooking 98

Overbooking Revenue Management Revenue Management 98

SiteMinder

JANUARY 30, 2023

Besral Sitorus, Cluster Revenue Manager of the hotel, expressed his satisfaction after relying on SiteMinder: “SiteMinder has a LOT of connections, which makes it easier for us to connect with valuable channels. The team was struggling to widen visibility via online channels with their previous technology solution.

Average Daily Rate 98

Average Daily Rate Global Distribution System Sales Management 98

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

Little Hotelier

JULY 20, 2023

Channel automation and integration to manage different bookings Since the beginning of its activity, SoloQui B&B has focused on the online presence, thus being available on several OTAs. As we manage 70% of bookings via external channels, we needed a tool that optimises the flow of bookings and channel management.

Management 75

Management Overbooking OTA Small Business 75

STAAH

SEPTEMBER 1, 2024

Improved online channel management capability and direct booking capability on the website streamlines distribution and increases revenue. The challenge Before implementing STAAH, the group property faced challenges in managing online bookings efficiently.

Overbooking 88

Overbooking Revenue Management Hotels 88

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

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

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

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

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

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 23, 2023

Why is hotel channel manager comparison important? A hotel channel manager comparison is crucial to ensure that you are investing in the best piece of software for your business. One of the most important pieces of technology for your hotel is a channel manager so it’s vital you get the best value for money.

Management 59

Management Global Distribution System Hotels Overbooking 59