Cloudbeds

OCTOBER 9, 2024

For hotel managers and the industry as a whole, accurate forecasting is not just beneficial—it’s essential for maintaining competitiveness and profitability in a dynamic market. This ongoing process of forecasting and adjustment allows hotels to optimize their revenue management strategies and adapt to changing market conditions.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

SiteMinder

AUGUST 1, 2024

Rate shopping your hotel competitor rates gives you the opportunity to: Optimise pricing: Understanding competitor pricing helps you set competitive rates, maximising revenue without sacrificing occupancy. Identify pricing gaps: You’ll be able to spot chances to increase rates without losing market share.

Shopping 78

Shopping Revenue Average Daily Rate Revenue Management 78

Hotelogix

AUGUST 6, 2024

This shift requires a comprehensive approach integrating cost control, strategic marketing, and top-notch guest services. Here's a detailed guide on transforming your hotel's revenue management to focus on profit maximization. Targeted marketing campaigns: Run campaigns during off-peak periods to boost occupancy.

Revenue 52

Revenue Management Upsell Target Marketing 52

Hotel Speak

SEPTEMBER 26, 2024

Although global hotel revenue per available room (RevPAR) stayed high during the first half of 2024 – 13.2% Certainly rates and occupancy grew very nicely in 2023, but we reached a plateau where we couldn’t really push rates any further,” Jon Siberry, Group Revenue Manager of Sarova Hotels explained.

Market 104

Market Marketing Hotels Forecasting 104

Hotel Speak

JULY 24, 2024

Effective hotel distribution strategies enable hotels to target the right audience, optimise occupancy rates, and enhance revenue management. Booking.com will continue spending big on marketing, attracting more and more bookers. Hotel distribution has always been a critical aspect of the hospitality industry.

OTA 101

OTA Hotels Revenue Marketing 101

Amadeus Hospitality

FEBRUARY 28, 2023

Today, hoteliers need access to comprehensive, forward-looking market insights to better understand and adapt to rapidly changing conditions. The access to forward-looking insights from Amadeus’ Demand360 solution will offer the opportunity to shift market share and grow Ascott’s business.

Business 55

Business Occupancy Revenue Market Share 55

Cloudbeds

SEPTEMBER 18, 2024

This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. Revenue management Aside from accounting , revenue management may be the most data-heavy department in hotels. Revenue management KPIs.

Operations 40

Operations Revenue Management Occupancy Revenue 40

Boutique Hotel News

APRIL 18, 2023

Another example is in revenue management, which is an area in which Yanolja Cloud offers various solutions. AI can help analyse data in real time and factor in a wide range of variables such as occupancy rates, weather, time of year, the impact of major events and more – and adjust prices accordingly to maximise occupancy rates.

Hospitality 52

Hospitality Revenue Management Occupancy Revenue 52

Hotelogix

DECEMBER 19, 2024

Revenue Management Figuring out room prices can be tough. You can: Spot your most valuable guest types Get to know what guests like and how they act See which marketing channels work best Tailor marketing messages to get more bookings Operational Efficiency Hotel business intelligence can help you run your hotel more efficiently. 

Business 40

Business Hotels Forecasting Revenue 40

Xotels

AUGUST 9, 2021

Google is taking the hotel industry by storm to gain market share and grow their advertising revenues. We will take a look at how Google is penetrating the hotel distribution vertical with Google Hotel Ads, and what opportunities this gives in terms of hotel revenue management and marketing.

Market Share 52

Market Share Hotels OTA Cancellation 52

Amadeus Hospitality

MAY 7, 2023

Commenting on the new agreement, Deniel Frey, VP Revenue Management, H-Hotels GmbH , said: “Our long relationship with Amadeus has been strengthened even further with the addition of several key Digital Media solutions.

Market Share 52

Market Share Marketing Market Travel 52

SiteMinder

OCTOBER 10, 2022

The company is the recognised leader in hotel industry benchmarking and provides market data including supply and demand and market share information on a global scale. For example, STR data reveals that the average occupancy rate across US hotels in August 2022 was 66.5%, and the average daily rate was US$151.49.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

SiteMinder

JUNE 24, 2024

By partnering with Atrápalo, you gain access to a platform that promotes your hotel to travellers actively seeking accommodations, leading to higher occupancy rates and increased revenue. Learn more How to become an Atrápalo hotel Becoming an Atrápalo hotel is a straightforward process.

Hotels 52

Hotels Revenue Accommodation Travel 52

Catala Consulting

JULY 13, 2022

There is software for housekeeping, property management, online booking, revenue management, guest relationships, point-of-sale, etc. If your hotel uses 10 software, that means ten account managers and ten monthly bills. Review your tech stack Operating costs pile on quickly when multiple software is used at your hotel.

Operations 52

Operations Hotels Revenue Revenue Management 52

Bookassist

NOVEMBER 4, 2022

[Joanna] Despite hoteliers’ concerns at the start of the year, the number of bookings and occupancy rates during this summer in Poland were actually at a reasonable level. That takes time, building brand awareness in a new market. The IGHP data is in line with the data collected directly by Bookassist in Poland.

Market 52

Market Marketing Management Sales 52

Travel Media Group

OCTOBER 26, 2022

But at the same time, we continue to see that we have not scaled back in occupancy and what the premium that people will place on a great experience if you’re willing and able to deliver it. I think that those days that we really dreaded looking at our occupancy report, right? You’re gonna capture more market share.

Hospitality 52

Hospitality Market Marketing Business 52