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. Benchmarking against the market and key competitors.

Revenue Management 52

Revenue Management Revenue Services Management 52

Cloudbeds

JUNE 23, 2023

The chatbot can guide travelers through booking, answer queries, and facilitate reservations seamlessly, leading to increased conversion rates, direct bookings , and upselling opportunities. Increased upselling Chatbots can boost your upselling potential by providing a personalized guest experience.

Upsell 98

Upsell Services Hotels Target Marketing 98

Cloudbeds

MARCH 23, 2023

It’s often said that the internet is the great equalizer, but the reality is that online travel is dominated by players with huge marketing budgets, like OTAs and big hotel brands. 11 hotel eCommerce strategies How can lodging businesses take advantage of the growing online travel market and attract more bookings?

OTA 98

OTA Digital Marketing Travel Marketing 98

SiteMinder

NOVEMBER 18, 2024

There is no single answer to what constitutes a ‘good’ return on investment for a hotel , since it will vary significantly depending on the size and scope of the property, where it’s located, the goals of the management team, marketing efforts, features of the hotel and more. Partnerships : As a new player, it won’t pay to be isolated.

ROI 52

ROI Revenue Management Revenue Hotels 52

Hotel Business

MARCH 14, 2024

With open architecture, built-in integration services and open APIs that help accelerate innovation and go-to-market initiatives, the comprehensive hotel cloud solution has several key functions: Contact Center streamlines the reservation process with an intuitive display that enables central staff to offer clear dynamic rate and product offers.

Hospitality 59

Hospitality Sales Business Upsell 59

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

JUNE 6, 2023

Furthermore, a booking engine can enable upselling and cross-selling opportunities by showcasing additional services, such as spa treatments or restaurant reservations, during the booking process. This data can be analyzed to gain market insights into guest behaviour, identify trends, and create targeted marketing campaigns.

Cancellation 76

Cancellation OTA Global Distribution System Revenue 76

Hotel Speak

MAY 9, 2023

Cost control challenges can vary from hotel to hotel, depending on the market segment, location, and star classification, but most hotels face similar issues. Marketing By choosing the right marketing tools, such as a robust CRM system, hotels can capture and store guest data from all distribution channels.

Hotels 59

Hotels Upsell Revenue Marketing 59

Cloudbeds

MARCH 15, 2023

This information can be used for more personalized pre-stay communication, post-stay follow-ups, and future marketing efforts. Second, you still have to invest in marketing efforts to attract travelers and remain competitive. Direct bookings have become essential to any independent hotel’s distribution mix.

OTA 98

OTA Revenue Travel Hotels 98

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

JULY 13, 2024

Revenue management revolves around measurement of what customers from different audience segments are willing to pay, as well as the ever-changing supply and demand within each market. The right distribution channels can have strong marketing power, putting your hotel in front of many customers you aren’t able to contact directly.

Revenue Management 98

Revenue Management Revenue Management OTA 98

Catala Consulting

DECEMBER 28, 2023

The ability to quickly adapt and respond to market changes can set a hotel apart in a competitive market. Understanding patterns and guest preferences allows for better resource allocation, targeted marketing, and overall improved guest services. Case Studies and Success Stories 1.

Management 52

Management Revenue Management Revenue Hotels 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

Cloudbeds

MARCH 3, 2023

POS software plays an essential role in the hospitality industry, and the global POS software market is predicted to reach $19.56 Manual entries also prevent hospitality businesses from capturing data around guest spending patterns, which is critical for guest acquisition and marketing. Upselling opportunities. Expanded service.

Sales 98

Sales Hotels Revenue Services 98

SiteMinder

SEPTEMBER 6, 2023

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. This data-driven approach can give you a competitive edge in an increasingly crowded market.

Hotels 98

Hotels Revenue Occupancy Services 98

Xotels

MAY 27, 2022

Growing non-core markets. Staycations & exploring other market opportunities. These are reflective of the modern and fast-moving hospitality market. Offering package deals for a fixed fee enables to target market where customers desire more specialized stays. Local experiences and cultural exploration.

Hospitality 52

Hospitality Business Marketing Market 52

Little Hotelier

MAY 18, 2023

It includes various strategies and tactics around marketing, winning reservations, providing incredible guest experiences, and encouraging repeat business. Segment your target market What do B&Bs, rentable treehouses, island getaways and massive hotel chains all have in common? What is hotel sales? Want an example?

Hotel Sales 59

Hotel Sales Sales OTA Hotels 59

Hotel Speak

OCTOBER 24, 2024

By allowing hotels to better understand and react to price elasticity in the market, the model is projected to increase RevPAR by up to 15% and boost occupancy rates by up to 10%, while maintaining efficient workflows with existing hotel staff.

Upsell 100

Upsell Hospitality Cancellation Forecasting 100

SiteMinder

JANUARY 8, 2024

This can involve the management of anything related to the hotel industry and requires knowledge of distribution strategy, finance and accounts, customer service, staff management, marketing, catering management, hotel administration and more. It can take time to get everything right and as we can see there’s a lot to be aware of.

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

This can involve the management of anything related to the hotel industry and requires knowledge of distribution strategy, finance and accounts, customer service, staff management, marketing, catering management, hotel administration and more. It can take time to get everything right and as we can see there’s a lot to be aware of.

Operations 52

Operations Management OTA Hotels 52

Little Hotelier

JULY 18, 2024

Consider your target market, guest expectations and local norms when choosing your pricing strategy. Secondly you should choose a capable, all-in-one property management solution: one that is able to accept reservations from all your different booking channels, take payments, track the details of every stay and even upsell your guests.

Sales 52

Sales Hotels Services Management 52

Cloudbeds

FEBRUARY 7, 2023

In marketing, it’s often said that it costs five times more to acquire a new customer than to keep an existing customer. Moreover, the more loyal your guests are, the less likely they will be tempted by the increasing array of accommodation choices on the market today. There are benefits to staff morale, too.

Travel 52

Travel Hotels OTA Services 52

SiteMinder

OCTOBER 11, 2022

Develop a better rapport with your target market segment. Hotel management software not only benefits returning guests but the technology will allow you to reach out to new markets that would not have discovered your brand. This will boost marketing efforts, allow you to share promotions, and encourage guest feedback.

Hotels 52

Hotels Management Revenue Management Revenue 52

Cloudbeds

OCTOBER 23, 2024

By allowing hotels to better understand and react to price elasticity in the market, the model is projected to increase RevPAR by up to 15% and boost occupancy rates by up to 10%, while maintaining efficient workflows with existing hotel staff.

Hospitality 40

Hospitality Upsell Cancellation Forecasting 40

Hotelier Magazine

JANUARY 24, 2024

“Not only do [these two systems] manage our customer relationships as far as maintaining contact information, email data bases, and email-marketing software, they do all of our online relationship management by monitoring review sites, which let the properties know when they have a review so they can engage appropriately.”

Business 59

Business Hospitality Email Marketing Management 59

Hotelier Magazine

MAY 4, 2023

However, they quickly learn they are less sore as they are not carrying so much weight at such a distance, they have bigger table bills as a result of better guest attention and upselling, with better service, they also can expect better tips. With the walking time eliminated, the server can now focus on guest satisfaction and upselling.

Operations 105

Operations Hotels Services ROI 105