Catala Consulting

JANUARY 18, 2024

In the dynamic world of hospitality, the UK market stands out as a beacon of innovation and adaptation, particularly in the realm of hotel revenue management. This trend enables more accurate forecasting, dynamic pricing, and personalized marketing strategies, significantly enhancing revenue potential.

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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

STAAH

MAY 21, 2024

Consideration: Evaluate market demand, competition pricing, and historical booking trends. If demand is high and competition is priced higher, increasing the rate could maximize revenue. However, the price hike should still reflect competitive rates and market demand to avoid turning potential guests away.

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Occupancy Retail Yield Management Revenue 115

SiteMinder

OCTOBER 9, 2022

Few roles in the hotel industry have evolved as quickly as the revenue manager.Powered by technological advances, the rapid sharing of knowledge and online training, the discipline is synonymous with smart pricing decisions and expectations are always high in the highly competitive accommodation market. What is a revenue manager?

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Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Why is Revenue Management Imperative for Resorts?

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Revenue Management Revenue Resorts Management 52

Hotel Business

JULY 12, 2023

The all-too-common assumption among many hoteliers is that limited-service hotels don’t benefit from revenue management technology and practices when compared to full-service and resort hotels. But why have they waited so long to adopt technology already in the market?

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Revenue Management Services Revenue Management 52

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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Revenue Management Revenue Management Ancillary Revenue 40

Xotels

MAY 30, 2024

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. I have been in hotel revenue management consulting since 2006, and it is a question that keeps coming back. This is the revenue we generate for each room the hotel has in inventory, sold or unsold.

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Revenue Management Occupancy Revenue Average Daily Rate 49

Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

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Revenue Management Revenue Management Ancillary Revenue 40

Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

SiteMinder

MAY 21, 2023

Although the target market has since changed, what remains constant is the hotel’s standards and work ethic. Recognising the need for technology, the team turned to SiteMinder’s channel manager as the solution to expand sales channels effortlessly. The hotel also has the flexibility to configure settings as desired.

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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

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.

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Yield Management Upsell Revenue Hotels 52

Cloudbeds

FEBRUARY 28, 2024

The reservation system acts as the central hub of the reservation ecosystem, which may also include a website booking engine, channel manager, and revenue management system. When integrated, these modules work together to help hotels manage room availability, distribution, reservations, and revenue. Guestcentric.

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Revenue Management Hotels Revenue Operations 98

Hotel Business

SEPTEMBER 11, 2024

“In the cost environment that we’re in today, flexibility promotes availability, and availability improves time to market,” said Ryan Rivett, cofounder/CEO, My Place Hotels. Across revenue management, sales, marketing and loyalty, there’s a lot of excitement about this new opportunity,” he said.

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Yield Management Upsell Revenue Management Marketing 59

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.

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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.

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Sales Revenue Yield Management Occupancy 97

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 ).

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Occupancy Revenue Yield Management Forecasting 52

Hotel Speak

APRIL 12, 2023

HotelRunner, the leading hospitality and travel technologies platform, has launched HotelRunner Elite, an exclusive service designed to add exponential value to independent and chain hotels, helping them overcome the challenges of strategic positioning and yield management.

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Yield Management Accommodation B2B Services 59

SiteMinder

AUGUST 1, 2024

While both eBooking and Ctrip extranet platforms offer similar functionalities, they are designed to cater to different markets. eBooking’s extranet is more generic, whereas Ctrip, a subsidiary of Trip.com Group, focuses on the Chinese market.

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SiteMinder

OCTOBER 10, 2023

This includes fixed costs like rent or mortgage, salaries, and utilities, as well as variable costs like supplies, maintenance, and marketing. Let’s delve into some of the pivotal considerations: Market trends Understanding market trends is crucial for setting prices that are both competitive and profitable.

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Target Marketing Revenue Yield Management Marketing 59

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. Integrating with a GDS can open up new markets and bring in more bookings.

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Global Distribution System OTA Revenue Hotels 52

Xotels

DECEMBER 12, 2024

Trust me, as the CEO of a revenue management consulting company, I can tell you that a balanced and strategic mix of channels is essential to maximize your hotels visibility, profitability, and allows you to attract and convert the right guests. Bridging the gap between hotel marketing and distribution.

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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.

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Market Share Hotels OTA Cancellation 52

Inn Quest

JUNE 8, 2023

To learn about the benefits of yield management in the hotel industry, read this. Here’s how it works: AI-Driven Revenue Management: AI algorithms analyze vast amounts of historical data, market trends and customer behaviour to identify patterns and make accurate revenue predictions.

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Hospitality Services Upsell Operations 54

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.

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Management OTA Cancellation Overbooking 76

SiteMinder

NOVEMBER 24, 2023

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. SiteMinder definitely is my favourite channel manager as it’s easy to use, integrates with all the major OTAs and has very good customer service.

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Revenue Revenue Management Management General Manager 52

Hotelogix

JANUARY 29, 2025

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. Revenue Management Systems (RMS) Dynamic pricing strategies Demand forecasting : Use data to predict busy periods.

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