Catala Consulting

MAY 17, 2024

These frontline employees are instrumental in shaping the guest experience, impacting occupancy rates, and ultimately driving revenue. Upselling and Cross-Selling Opportunities Effective Upselling Techniques Reception staff are in a prime position to upsell additional services and room upgrades.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

Hotel Business

SEPTEMBER 21, 2023

Based on data from Mews partners worldwide, the Mews Data Snap unpacks hospitality’s performance across five key areas: occupancy, ADR and RevPAR; online check-ins and upsells; and additional bookable spaces. June was the best-performing month, while August saw the highest percentage of rooms occupied.

Upsell 59

Upsell Occupancy Revenue Consumer 59

Cloudbeds

OCTOBER 17, 2024

By strategically analyzing revenue booked, occupancy rates, acquisition costs, and guest segments, hotels can build an advanced distribution strategy that delivers real value. These include: Occupancy rate – which channels contribute most to occupancy? RevPAR – which booking sites result in the highest RevPAR?

OTA 76

OTA Occupancy Hotels Revenue 76

Hotel Speak

JANUARY 25, 2024

The data is another proof point that occupancy levels have more than stabilized, making for a meaningful rise in RevPAR for our customers,” said Matt Welle, Mews CEO. market in particular, key findings include: Travel has recovered and tops pre-pandemic levels. For the U.S. Online check-ins and upgrades continue to increase.

Average Daily Rate 85

Average Daily Rate Revenue Travel Upsell 85

Little Hotelier

OCTOBER 30, 2024

Promote and upsell activities easily with Little Hotelier Little Hotelier’s direct booking engine lets you sidestep OTA commission fees while increasing the value of every reservation. By upselling guests with paid activities as part of your custom booking process. Learn more Why are guest activities important in hotels?

Upsell 52

Upsell Events Revenue Hotels 52

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

Hotel Business

JANUARY 24, 2024

“The data is another proof point that occupancy levels have more than stabilized, making for a meaningful rise in RevPAR for our customers.” “The data is another proof point that occupancy levels have more than stabilized, making for a meaningful rise in RevPAR for our customers.” ” For the U.S.

Upsell 59

Upsell Occupancy Travel Revenue 59

Hotel Speak

AUGUST 9, 2023

By delving into market dynamics, guest preferences, and strategic pricing, hoteliers can fine-tune their room rates, distribution strategies, and other pivotal elements to achieve maximum occupancy and revenue. Relying on intuition and market perception, its rates are subject to unpredictable fluctuations.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

STAAH

MAY 16, 2023

Hotel managers and revenue managers use data analysis and revenue management tools to determine the optimal price for each room based on various factors such as occupancy rates, booking trends, and competitor rates. On the contrary in low season, in order to ensure revenue, you can charge lower prices in order to increase occupancy.

Revenue Management 90

Revenue Management Occupancy Upsell Revenue 90

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.

Revenue Management 52

Revenue Management Revenue Management Marketing 52

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

Travelboom Marketing

MAY 24, 2024

With these insights, the hotel’s staffing, rate structuring, and marketing efforts can be more strategic, reducing wasted efforts, resources, and money. This tactic uses real-time booking data for market demand, competitor rates, and seasonal considerations to determine when to increase or decrease rates to boost occupancy and revenue.

Revenue Management 52

Revenue Management Revenue Management Cost Per Click 52

Little Hotelier

NOVEMBER 20, 2023

It can be used to track guest information, preferences, and interactions, as well as to automate marketing and sales communications. Send personalised messages, create target upsell offers, offer digital check-in, collect feedback and reviews, and more. Learn more 2. This will lead to more repeat visits and brand advocacy.

Upsell 59

Upsell Hotels Occupancy Revenue 59

Cloudbeds

SEPTEMBER 18, 2024

Data analytics is the process of examining data sets to search for patterns, draw conclusions, support decision-making, and predict future market trends. This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. Guest experience key performance indicators (KPIs).

Operations 40

Operations Revenue Management Occupancy Revenue 40

SiteMinder

FEBRUARY 14, 2024

It enables: Market positioning and brand differentiation Adapting to trends allows hotels to position themselves strategically in a crowded market, highlighting unique selling points that resonate with current consumer interests. Either that or it becomes a necessity for them if they have to travel for work or to visit family.

Tourism 59

Tourism Marketing Market Travel 59

SiteMinder

OCTOBER 10, 2023

Discount pricing is a revenue management strategy where prices are lowered temporarily or for certain conditions to attract guests and boost occupancy rates. Hoteliers utilise discount pricing to fill rooms during slow seasons, entice loyal customers, or to stay competitive when market conditions change.

Occupancy 59

Occupancy Events OTA Revenue 59

SiteMinder

OCTOBER 1, 2024

With real-time updates, housekeeping can adjust their schedules based on occupancy, reducing downtime and improving service quality. Dynamic pricing adjustments : Automation can analyse real-time data on occupancy, market demand, and competitor rates, allowing your hotel to adjust pricing dynamically. How do you make it happen?

Upsell 52

Upsell Revenue Revenue Management Hotels 52

SiteMinder

SEPTEMBER 6, 2023

Booking promotions serve multiple strategic purposes: Increasing occupancy rates: Promotions can help fill rooms during low-demand periods and help a hotel “piggyback” on subjects that are already front of mind for their audience. Here are just five examples of hotel promotions you can run to increase occupancy and revenue when needed.

Hotels 105

Hotels Events Upsell Occupancy 105

SiteMinder

JUNE 6, 2024

For instance, Diego De Ponga, Corporate Director of Revenue Management at Palladium Hotel Group, believes the classic definition of revenue management is unrealistic in today’s market, where selling inventory demands more flexibility. “I They would sell the same price to everyone and assume that 100% occupancy was the ultimate goal.

Revenue Management 98

Revenue Management Revenue Management Accommodation 98

Xotels

JULY 26, 2024

Segment Your Market: Not all guests are created equal. Segment your market and tailor your pricing to each segment. A dynamic pricing strategy allows you to react to market fluctuations in real-time , ensuring you’re always maximizing revenue. Use Dynamic Pricing: Don’t be afraid to change your prices frequently.

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

STAAH

APRIL 23, 2024

Hotels can increase revenue per guest by adjusting prices according to demand, seasonality, and consumer preferences , achieved through upselling and cross-selling additional services and products.

Revenue Management 93

Revenue Management Revenue Ancillary Revenue Management 93

STAAH

FEBRUARY 6, 2024

The hotel overbooking strategy is a revenue management technique that hotels use to maximise occupancy and revenue. Don’t forget to monitor external market sentiments such as cancellation of an event or reduction in connectivity to your destination – these could all result in cancellations. What is a hotel overbooking strategy?

Overbooking 94

Overbooking Cancellation Upsell Revenue 94

Xotels

JULY 26, 2024

Segment Your Market: Not all guests are created equal. Segment your market and tailor your pricing to each segment. A dynamic pricing strategy allows you to react to market fluctuations in real-time , ensuring you’re always maximizing revenue. Use Dynamic Pricing: Don’t be afraid to change your prices frequently.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

SiteMinder

NOVEMBER 18, 2024

Reach with the biggest destination management companies via SiteMinder SiteMinder empowers you to tap into the corporate travel market, boost group bookings, and increase room revenue with seamless integrations and expanded visibility across key channels.

Management 52

Management Events Services Occupancy 52

Fuel Travel

JULY 11, 2024

This decreases your overall number of third-party bookings and your reliance on OTAs to drive occupancy. Enhanced guest experiences An online booking engine is a convenient way to book 24/7, while promoting relevant upsells and promotional offerings. And they’ll be marketing to that user in the future – possibly even competing hotels!

Upsell 52

Upsell Overbooking Hotels OTA 52

SiteMinder

SEPTEMBER 10, 2024

CPOR can be influenced by a number of factors and can often be a representation of how effective your revenue management and marketing strategies are. Lower your operating costs effortlessly with smart hotel technology Use SiteMinder’s platform to easily boost occupancy, maximise revenue, and create efficiencies for your business.

Revenue 52

Revenue Revenue Management Occupancy Hotels 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 79

OTA Hotels Revenue Revenue Management 79

Little Hotelier

OCTOBER 30, 2024

This tool helps automatically adjust room rates based on demand, competition, and occupancy. Upselling integrations Maximise your revenue by integrating upselling tools into your PMS. Set up an integration that allows these upsell offers to be automatically sent to guests based on their preferences or booking history.

OTA 52

OTA Motels Upsell Overbooking 52

SiteMinder

JULY 25, 2022

For example, if you look at your historical ADR figures and identify trends, you’ll start to understand your market better, as well your property’s seasonality. Track the overall economy and market demand – By keeping track of market fluctuations you’ll have a better idea of when you can raise prices, by how much, and for how long.

Average Daily Rate 52

Average Daily Rate Upsell Occupancy Revenue 52

Cloudbeds

APRIL 9, 2024

Moreover, the flexibility to enhance property performance with specialized add-ons allows for tailored optimization in key areas, including operations, revenue management, guest experience, and digital marketing. Upselling tools. Employ strategic upselling solutions to maximize revenue through tailored guest offers and promotions.

Upsell 52

Upsell Revenue Management Operations Revenue 52

Little Hotelier

FEBRUARY 25, 2024

In terms of hotel revenue management consulting, this guidance usually takes the form of more effective pricing – identifying and setting room rates that are alluring to your target market and result in more bookings, while maximising the amount you earn from each booking. Data analytics and insight generation through market-leading tools.

Revenue Management 52

Revenue Management Revenue Services Management 52

SiteMinder

SEPTEMBER 6, 2023

While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. Last-minute hotel room bookings have a range of benefits including: Maximised occupancy : Filling rooms at the eleventh hour ensures that you’re making the most of your available inventory.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

Travelboom Marketing

SEPTEMBER 1, 2023

Alternatively, less expensive room rates can be redeemed through more aggressive upselling. Increase RevPAR & Occupancy with a Hotel Loyalty Program With a goal of maximizing both occupancy AND RevPar, driving direct bookings with the help of a hotel loyalty program is a must.

Hotels 52

Hotels Upsell Ancillary Revenue Travel 52

Hotelier Magazine

MAY 4, 2023

Meanwhile, midweek occupancies aren’t looking as good as companies are loathed to give up the huge cost savings from the video-conferencing boom by returning to the days of overly generous corporate travel budgets. Or maybe your automated pre-arrival email-based upselling isn’t working, but SMS offers sent out three days prior are converting.

Revenue 59

Revenue Upsell Occupancy Business 59

STAAH

JANUARY 16, 2024

There is no set formula to increase a hotel’s revenue, it can be achieved by creating a good promotion plan, tapping into sources of ancillary revenue , upselling and other marketing strategies. It relies on shifts in market demand to inform optimal pricing rather than relying on a fixed price. Here are 10 strategies: 1.

Revenue 89

Revenue Ancillary Revenue Revenue Management Hotels 89

Inn Quest

MAY 11, 2023

Importance of Pricing Strategies to Grow Your Hotelier Business Any hotel must have an effective pricing strategy to be successful, especially in a competitive market. By drawing in more visitors, raising occupancy rates and enhancing profitability, a thoughtful pricing strategy can help hotels maximize their revenue.

Revenue 88

Revenue Occupancy Hotels Market 88

Q4Launch

FEBRUARY 3, 2022

While these vacation planning stages may all sound drastically different on the surface, to a marketer, they all share one thing in common: They’re all part of the guest life cycle. Are you ready to take your hotel’s marketing to the next level? Get started with Q4Launch’s free Google Analytics Analysis.

Marketing Strategy 52

Marketing Strategy Upsell Occupancy Hotels 52