Xotels

JULY 26, 2024

As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. What is Yield Management, Really? That’s yield management in action.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Xotels

JULY 26, 2024

As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. What is Yield Management, Really? That’s yield management in action.

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

SiteMinder

MAY 14, 2023

Table of contents Managing room rates and online bookings swiftly with SiteMinder’s channel manager 90% of Kirimaya’s customers are Thai, thanks to Khao Yai’s popularity as a tourist destination. Thus, Kirimaya’s brand selects customer-friendly technologies, such as SiteMinder, for its domestic market.

Sales 97

Sales Revenue Yield Management Occupancy 97

Hotelogix

AUGUST 27, 2024

Online travel distribution is growing fast—faster than the overall travel market. While this offers new opportunities for your hotel, it also challenges you to cut distribution costs while expanding your brand in a highly competitive market. Partnering with OTAs can help you reach guests you might not attract otherwise.

Global Distribution System 52

Global Distribution System OTA Revenue Hotels 52

Cloudbeds

JULY 15, 2023

And even then, manually-managed distribution is risky: any delays in updating rates and availability on a channel’s extranet could mean selling a room that isn’t available or selling at a lower rate, which can lead to overbooking and sub-optimal yield management. The same happens with a cancellation.

Management 76

Management OTA Cancellation Overbooking 76

Xotels

APRIL 3, 2024

Article Summary What is Revenue Management? In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. This is done by thoroughly understanding your property, its customers, and the market. Also, gone are the days of selling the majority of your rooms through OTAs.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Horizon Hospitality

JULY 10, 2024

Striking the right equilibrium requires a keen understanding of market dynamics, customer behavior, and strategic pricing. Dynamic pricing, or yield management, involves adjusting room rates in real-time based on supply and demand, with the ultimate goal being to increase the Revenue Per Available Room ( RevPAR ).

Occupancy 52

Occupancy Revenue Yield Management Forecasting 52

Experience Hotel

MAY 30, 2024

Il donne une indication précieuse sur la popularité et l’efficacité des stratégies de marketing de l’hôtel. Cet indicateur aide à comprendre les habitudes de séjour et peut influencer des décisions en matière de tarification et de marketing. Pourquoi utiliser des KPI ? Pourquoi utiliser des KPI ?

KPI 52

KPI Yield Management Occupancy OTA 52

SiteMinder

APRIL 25, 2024

Particularly in recent years, when hotels have at times been forced to confront a reality without cash flow, revenue management has been thrust to the forefront of every hotelier’s mind. The exact genesis of yield management (now revenue management) in the hospitality sector is hotly debated,” says Stuart-Hill.

Revenue Management 111

Revenue Management Revenue Management Hotels 111

Cloudbeds

FEBRUARY 28, 2024

The information is then populated into the PMS and distributed to the hotel’s booking channels with the help of channel management software. These channels may include the hotel’s website booking engine, online travel agencies (OTAs), the global distribution system (GDS), wholesalers, and metasearch sites.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

SiteMinder

DECEMBER 20, 2023

It is overflowing with best-in-class functionality, offering all that ThinkReservations offers and much, much more: business intelligence , marketing assistance, OTA partnerships and a powerful booking engine, to name but a few key features.

OTA 59

OTA Management Yield Management Business 59

Xotels

APRIL 3, 2024

History of Revenue Management: Where It All Started Yield Management vs. Revenue Management – What is the Difference? Why is Revenue Management Important to Hotels & Other Industries? What Makes Hotels Suitable to Apply Revenue Management? What Does the Process of Revenue Management Look Like?

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Xotels

DECEMBER 12, 2024

Whether youre struggling with visibility, grappling with high OTA commissions, or trying to boost direct bookings, this guide will give you actionable advice to refine your strategy and make it work for you. Focus on Direct Bookings: Optimize your website and offer incentives to encourage direct reservations, reducing reliance on OTAs.

OTA 40

OTA Global Distribution System Revenue Revenue Management 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. From Hotel Finder to GHA.

Market Share 52

Market Share Hotels OTA Cancellation 52

Catala Consulting

JULY 30, 2023

Resort revenue management has become an indispensable tool for businesses, fostering strategies that maximize yield and build strong customer relationships. The Cornerstones of Resort Revenue Management Resort revenue management , interchangeably used with yield management, revolves around a strategic pricing approach.

Revenue Management 52

Revenue Management Revenue Resorts Management 52

eZee Absolute

OCTOBER 11, 2023

Solution In the midst of these challenges, Sidus Galaxy Resort & Spa recognized the need for a comprehensive Property Management System (PMS) solution that could address its operational challenges. After thorough market research and analysis, the directors chose eZee (now Yanolja Cloud) as their hospitality tech provider.

Resorts 52

Resorts Management Sales Yield Management 52

Xotels

APRIL 3, 2024

Article Summary What is Revenue Management? In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. This is done by thoroughly understanding your property, its customers, and the market. Also, gone are the days of selling the majority of your rooms through OTAs.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

MAY 30, 2024

It allows hotels to compare their performance against the market or a competitive set. You will find it below expressed in a simple formula: Occupancy x Rooms Available x Average Daily Rate (ADR) = Room Revenue Room Revenue can also be expressed in a KPI (key performance indicator) called Revenue per Available Room, or RevPAR.

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

Hotelogix

JANUARY 29, 2025

Channel manager integration : Keep Online Travel Agencies (OTAs) and your booking system in sync without effort. Read Also - Hotel Marketing: Tips to Improve Online Presence Quickly Smart Room Technology IoT devices to customize guest experiences Smart thermostats : Set temperature based on likes. One click to manage everything!

Management 58

Management Hospitality Hotels Services 58

SiteMinder

NOVEMBER 24, 2023

” – Vacation rental and villa administrator in Spain “ SiteMinder is the best Channel Manager. Easy to use, amazing support, and one of the best options available in the market, having been using this platform for the last 15+ years. The only thing I hope is that more OTAs can integrate with SiteMinder in the future.

Revenue 52

Revenue Revenue Management Management General Manager 52