Xotels

JULY 26, 2024

Were going to get down and dirty with the real-world strategies that we have actually seen working as a revenue management consulting company. What is Yield Management, Really? In a nutshell, yield management means adjusting your room rates in real-time based on demand , seasonality, events, and even the day of the week.

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Yield Management Upsell Revenue Hotels 52

Xotels

APRIL 3, 2024

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenue management to more advanced practices and strategies.

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Revenue Management Revenue Management Forecasting 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?

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Management OTA Cancellation Overbooking 76

Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. Resort revenue management has become an indispensable tool for businesses, fostering strategies that maximize yield and build strong customer relationships.

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Revenue Management Revenue Resorts Management 52

Hotelogix

JANUARY 29, 2025

Whether you manage a boutique inn or a luxury resort, these innovations will redefine hospitality. Upselling on steroids : Intelligent systems identify opportunities to offer personalized upgrades and services, increasing average guest spend. Smart power outlets : These keep tabs on and manage energy use in rooms.

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Hotel Business

SEPTEMBER 11, 2024

Across revenue management, sales, marketing and loyalty, there’s a lot of excitement about this new opportunity,” he said. In terms of pricing, this room type sets a new high for ADR and contributes positively to overall yield management,” Rivett said. My Place’s foundational three-story, 64-unit box is also still available.

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Yield Management Upsell Revenue Management Marketing 59

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. How do hotel reservation systems work? Increase efficiency.

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Revenue Management Hotels Revenue Operations 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.

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Inn Quest

JUNE 8, 2023

Upselling using Personalized Recommendations: Using machine learning techniques, AI algorithms analyze guest data collected from hotel management system s. Through this method, AI can identify upselling opportunities by leveraging guest preferences and historical data.

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Hospitality Services Upsell Operations 54

SiteMinder

DECEMBER 20, 2023

ThinkReservations styles itself as an all-in-one property management solution built to streamline hotel businesses. Between the ThinkReservations booking system, PMS and channel manager, this ecosystem of tools promises to save time and increase bookings. What is ThinkReservations? But is it the ideal solution for hotel businesses?

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