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

Experience Hotel

MAY 30, 2024

Si vous êtes constamment rempli en semaine, mais que vous avez du mal à attirer des clients le week-end, vos objectifs devront se concentrer sur la manière d’équilibrer votre taux d’occupation. Son hôtel affichait complet en semaine mais voyait son taux d’occupation chuter le reste du temps. Sa stratégie ?

KPI 52

KPI Yield Management Occupancy OTA 52

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.

Resorts 98

Resorts Overbooking Yield Management OTA 98

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.

Revenue 52

Revenue Yield Management Overbooking Management 52

Catala Consulting

JANUARY 11, 2023

Table of Contents Introduction The hotel industry is a highly competitive market, and it’s vital for hotels to keep their variable costs low in order to remain profitable. In this article, we will discuss what variable costs are, how they are calculated, and how they can be managed to increase profitability.

Yield Management 52

Yield Management Occupancy Management Hotels 52

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

Global Distribution System 52

Global Distribution System OTA Revenue Hotels 52

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

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.

Target Marketing 59

Target Marketing Revenue Yield Management Marketing 59

Xotels

SEPTEMBER 13, 2024

So, in the ever-evolving world of revenue management, the following foundations will always remain essential: Data collection: Gathering accurate and comprehensive data is crucial for effective revenue management. Forecasting: Using historical data and market trends to predict future demand and optimise pricing accordingly.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

SEPTEMBER 13, 2024

So, in the ever-evolving world of revenue management, the following foundations will always remain essential: Data collection: Gathering accurate and comprehensive data is crucial for effective revenue management. Forecasting: Using historical data and market trends to predict future demand and optimise pricing accordingly.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

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. Mapping out these questions out in your strategy will help to set realistic goals.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

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.

Revenue Management 59

Revenue Management Revenue Management Occupancy 59

Inn Quest

JUNE 8, 2023

Here’s how it works: Sensors, cameras, and smart thermostats collect data about the room environment (temperature, humidity, lighting conditions, occupancy) which is sent for analysis. To learn about the benefits of yield management in the hotel industry, read this.

Hospitality 54

Hospitality Services Upsell Operations 54

Cloudbeds

FEBRUARY 28, 2024

With a channel manager integrated with your reservation system, you can simultaneously update pricing and availability on all booking channels. This will help you increase occupancy, maintain rate parity, and prevent pricing errors, overbookings, and lost sales. Automate your credit card payment processing.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

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.

Management 76

Management OTA Cancellation Overbooking 76

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

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 sales team and support team are professional and helpful.

Revenue 52

Revenue Revenue Management Management General Manager 52