Inn Quest

APRIL 5, 2023

It is a dynamic pricing strategy that allows hotels to offer competitive prices during low-occupancy periods while maximizing profits during high-demand periods. It enables hotels to achieve this goal by analyzing data such as occupancy rates, booking trends, and seasonal patterns to adjust prices and inventory.

Yield Management 88

Yield Management Management Occupancy Revenue 88

STAAH

JUNE 11, 2024

Establishing a better mix between OTAs vs. direct bookings from third-party distributors and direct bookings or the right balance OTAs vs. Direct can help modern hoteliers maximise revenue and take full advantage of projected market growth. Invest in marketing: Use meta search engines, SEO and SEM to attract direct traffic to your website.

OTA 88

OTA Shopping Occupancy Overbooking 88

SiteMinder

JUNE 12, 2024

By understanding and anticipating guest behaviour and market dynamics, hotels can optimise their pricing strategies to boost their bottom line. It’s a testament to how industries adapt, grow, and refine their strategies in response to changing market dynamics and customer expectations.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

STAAH

OCTOBER 15, 2023

This led to rate disparity, overbooking and inventory discrepancies. A 35% jump in occupancy There are unmissable revenue gains for Rudraksh Club & Resort – a 35% increase in occupancy year-on-year. Prior to STAAH, the process for the Rudraksh team was very manual; managing each channel individually.

Overbooking 85

Overbooking Occupancy Accommodation Resorts 85

STAAH

OCTOBER 15, 2024

A channel manager automates this process, syncing room rates and availability across all platforms, reducing the risk of overbookings or pricing discrepancies. Hotels using this integration have reported reduced overbookings and better room occupancy rates.

Operations 83

Operations OTA Overbooking Revenue 83

Inn Quest

AUGUST 8, 2023

In other words, it is a form of dynamic pricing where businesses vary the prices based on the changes in demand and real-time market conditions. Offering competitive rates during off-peak seasons allows hotels to remain active in the market and attract guests even when other competitors might be struggling to maintain occupancy.

Hotels 88

Hotels Occupancy Overbooking Revenue 88

MediaBoom

MARCH 14, 2024

Marketing strategies in the hotel sector are designed to enhance brand visibility and broaden reach. A r obust local SEO strategy helps travelers find your hotel when they’re searching for accommodations in your vicinity, making it a critical component of your digital marketing efforts. Let Mediaboom guide you.

Digital Marketing 66

Digital Marketing Services Market Marketing 66

eZee Absolute

DECEMBER 7, 2023

Myth #7: Overbooking is a curse and should NEVER be used Overbooking can make or break a hotel; it is like a double edge sword. If you aren’t aware of overbooking, it is a strategy used by revenue managers to acquire more reservations than the number of available rooms to achieve the highest possible occupancy rate.

Revenue Management 98

Revenue Management Revenue Management Overbooking 98

Hotelogix

OCTOBER 4, 2024

Choosing the right OTA channel manager can streamline your hotel’s online distribution strategy, prevent overbookings, and boost overall profitability. This prevents overbookings and reduces manual work. Prevent Overbookings: Real-time updates reduce the risk of double bookings, ensuring a smoother guest experience.

OTA 52

OTA Management Overbooking Revenue 52

STAAH

APRIL 16, 2024

Look for a solution that utilizes sophisticated algorithms to analyze market demand, competitor pricing, booking patterns , and other relevant factors in real-time. This enables hoteliers to adjust room rates dynamically to maximize revenue based on current market conditions.

Revenue Management 81

Revenue Management Revenue Management Forecasting 81

SiteMinder

OCTOBER 26, 2023

“On the one hand, the platform’s stability means that I’m no longer worried about getting an overbooking call on a Saturday night. But from a results perspective, the moment we switched on SiteMinder, our occupancy immediately shot up. Moving forward, we’re aiming to use SiteMinder to its full capacity.

Revenue Management 81

Revenue Management Revenue Resorts Management 81

STAAH

AUGUST 20, 2023

They wanted a platform that was fast and performant – quickly updating inventory and rates across multiple online channels, minimising errors and overbooking. Lastly, in the highly competitive Thai tourism market, staying one step ahead of competitors is critical. STAAH ticked all the boxes – and more. Wins all around!

Revenue 78

Revenue Overbooking Resorts Occupancy 78

Hotel Speak

AUGUST 13, 2024

Therefore, ensuring it’s easy for guests to book, whether direct or through third parties, is paramount to fulfilling a successful occupancy strategy and higher Average Daily Rate (ADR) goal. Online visibility leads to occupancy. From searching to booking, guests are influenced by an average of 38 websites before making a reservation.

Revenue 82

Revenue Sales OTA Average Daily Rate 82

SiteMinder

JUNE 26, 2024

By prioritizing revenue optimization, your hotel will be in a stronger position to take advantage of data, trends, and market insights. Improved forecasting: Revenue optimization involves analyzing data on past booking trends, competitor pricing, and market conditions. Our smart hotel platform helps you do exactly that.

Revenue 72

Revenue Revenue Management Upsell Global Distribution System 72

Inn Quest

SEPTEMBER 12, 2023

It encompasses tasks such as front office operations, housekeeping, food and beverage services, maintenance, sales, marketing and financial management. Sales and Marketing: Effective sales and marketing efforts are critical for attracting guests and maximizing revenue.

Operations 88

Operations Management Revenue Revenue Management 88

SiteMinder

SEPTEMBER 6, 2023

This efficiency not only reduces operational costs but also minimises the risk of overbooking or scheduling conflicts. Data collection From booking patterns to guest preferences, an online booking system captures a wealth of information that can be used for targeted marketing campaigns, personalised services, and operational improvements.

Hotels 98

Hotels Revenue Occupancy Services 98

Catala Consulting

MAY 17, 2024

These frontline employees are instrumental in shaping the guest experience, impacting occupancy rates, and ultimately driving revenue. Enhancing Occupancy Rates through Efficient Management Managing Overbookings and Walk-Ins Reception staff play a critical role in managing overbookings and walk-ins, which are common in the hotel industry.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

Xotels

APRIL 3, 2024

This is done by thoroughly understanding your property, its customers, and the market. Understand your Hotel´s Market The success of your revenue management strategy depends on how well you understand your market. This is one of the first steps when creating a revenue management strategy, performing thorough market research.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Hotelogix

NOVEMBER 7, 2024

The right sales tactics can help increase revenue, boost occupancy rates , and ensure guests have a positive experience. A loyalty program can encourage guests to keep coming back, which boosts your occupancy rate. These tools can adjust your rates automatically, based on real-time data and market trends.

Hotel Sales 52

Hotel Sales Revenue Sales OTA 52

Little Hotelier

OCTOBER 11, 2023

This is exciting for your business because it presents an opportunity to push the limits of your occupancy and cash-in on increased revenue. Strategies to prepare for peak season in the hotel industry When peak season is just around the corner, it’s exciting – you’re looking forward to welcoming guests and having full occupancy.

Maximum Length of Stay 52

Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 52

SiteMinder

JUNE 8, 2022

The outcome of your forecasting should always be the ability to react to market changes, optimise occupancy, and maximise revenue. Doing this effectively means you have to consider a number of factors such as key revenue metrics like occupancy, room nights, and average daily rates; but also staff allocation and resourcing.

Forecasting 52

Forecasting Revenue Average Daily Rate Average Length of Stay 52

SiteMinder

OCTOBER 10, 2023

Once a room is booked on Agoda, the channel manager ensures that it’s taken off the market, eliminating the potential for double bookings. Control your OTA listings and earn more revenue Say goodbye to overbookings and hello to maximised revenue with real-time inventory and rate management with SiteMinder’s channel management solution.

Management 59

Management Overbooking OTA Hotels 59

SiteMinder

DECEMBER 7, 2023

This process requires continuous analysis of market trends, booking patterns, and competitor strategies. It’s not just about setting the right price, but also about adjusting it in response to market changes. Higher occupancy rates : Pricing rooms correctly plays a pivotal role in driving occupancy.

Management 59

Management Average Daily Rate Occupancy Revenue 59

STAAH

OCTOBER 15, 2024

A channel manager automates this process, syncing room rates and availability across all platforms, reducing the risk of overbookings or pricing discrepancies. Hotels using this integration have reported reduced overbookings and better room occupancy rates.

OTA 52

OTA Overbooking Revenue Management Revenue 52

eZee Absolute

FEBRUARY 27, 2024

With pilgrims flocking to the region year-round, hotels must navigate a bustling market to attract guests. Hotel Katra Residency, amidst this busy landscape, faced a dual challenge: maximising online visibility and standing out in a crowded market. At the same time, it eliminated the risk of manual errors in inventory management.

Overbooking 52

Overbooking Global Distribution System Hotels Management 52

Little Hotelier

JULY 31, 2023

It’s designed to maximise hotel occupancy through its distribution channels. MaxiRoom is equipped with a range of features aimed at optimising your hotel’s performance across Hotelbeds’ worldwide markets and channels. Marketing tools : Little Hotelier offers a range of marketing tools to help you attract more guests.

Cancellation 52

Cancellation Overbooking OTA Management 52

eZee Absolute

OCTOBER 24, 2024

It’s a critical aspect of a hotel’s operations, as the effectiveness of this distribution directly impacts visibility, occupancy rates, and overall revenue. In today’s competitive market, mastering distribution channels is essential for maximizing a hotel’s success. At its core, AI thrives on data.

Hotels 59

Hotels Revenue Management Overbooking Revenue 59

Cloudbeds

APRIL 15, 2024

Oftentimes, these tasks overpower hotels’ ability to invest in proper guest communication, marketing activities, and revenue management , which significantly impacts performance and profitability. It’s happening in every department, from the front office to accounting, marketing, revenue management, and food and beverage.

Revenue Management 98

Revenue Management Hotels Operations Revenue 98

SiteMinder

NOVEMBER 22, 2023

Common issues include inconsistent customer service, challenges in managing online reputation, and fluctuating occupancy rates. Here are some of the common problems faced by hotels: Low occupancy rate A low occupancy rate is a significant challenge for hotels, reflecting underutilisation of resources and potential revenue loss.

Overbooking 52

Overbooking Hotels Revenue Occupancy 52

Hotel Speak

JULY 24, 2024

Effective hotel distribution strategies enable hotels to target the right audience, optimise occupancy rates, and enhance revenue management. The dynamic landscape of hotel distribution offers numerous opportunities for hotels to maximise their market presence and profitability.

OTA 75

OTA Hotels Revenue Revenue Management 75

Inn Quest

AUGUST 15, 2023

Hotels face a daunting challenge as travelers seek convenience and competitive prices: how to efficiently manage their room inventory across multiple online distribution channels while maintaining real-time updates and avoiding overbooking. As per reports , the hotel channel management market size is expected to be US $1483 million by 2032.

Management 52

Management Global Distribution System Overbooking OTA 52

SiteMinder

OCTOBER 10, 2023

Segment market Market segmentation involves categorising your target audience based on various criteria like demographics, booking channels, or purpose of visit. By understanding which segments bring in the most revenue, you can tailor your marketing and pricing strategies to attract and retain these valuable customers.

Forecasting 52

Forecasting Revenue Average Daily Rate Occupancy 52

Little Hotelier

FEBRUARY 5, 2024

This feature helps streamline the booking process, reducing the risk of overbooking and ensuring a smooth check-in experience for guests. Reporting and analytics The software includes robust reporting and analytics capabilities, allowing hoteliers to track key performance metrics, such as occupancy rates, revenue, and guest demographics.

Management 59

Management Overbooking OTA Accommodation 59

Hotelogix

NOVEMBER 28, 2024

How to Pick the Right Channel Manager for Your Business There are hundreds of options in the market. Follow these practices to make the most of your system: Keep Rates Competitive - Adjust prices frequently based on demand, market trends, and competitor rates. Focus your efforts and marketing budgets accordingly.

Business 52

Business Management OTA Global Distribution System 52

Fuel Travel

JULY 11, 2024

It also prevents overbooking and keeps everything in sync, allowing guests to tailor their stay preferences and enhance their experience. A secure, seamless connection ensures that this data is shared in real time, preventing overbooking and cancellations.

Upsell 52

Upsell Overbooking Hotels OTA 52

eZee Absolute

APRIL 3, 2024

Manual processes often led to errors, overbooking, and inefficiencies, causing frustration among staff and guests alike. The intuitive interface allowed the hotel to adjust rates and availability in real-time, keeping pace with market dynamics and driving more bookings. That’s when we came across YCS (formerly eZee).

Operations 52

Operations Business Occupancy Revenue 52

Hotelogix

AUGUST 13, 2024

In this context, one of the most transformative trends reshaping how hotels market and sell their rooms is Attribute-Based Selling (ABS). This approach allows for more precise hotel forecasting and inventory control, reducing the risk of overbooking or underutilization of certain room features.

Revenue 52

Revenue Hotels Occupancy Overbooking 52