SiteMinder

NOVEMBER 15, 2022

Many hotels do this deliberately to offset last-minute cancellations or no-shows and avoid losing revenue and occupancy. Monitor occupancy levels and close reservation channels before you get too many overbookings. Use this information to gauge how many extra bookings you can accept and close sales in time.

Overbooking 52

Overbooking Cancellation Occupancy Closing 52

Hotelogix

NOVEMBER 30, 2023

For guests, they are like the ultimate platform to look at multiple options, compare rates, read reviews, see hotels’ online scores, etc.,   Importance of OTAs for hotel booking As online sales channels, OTAs generate about 50% to 55% of hotel bookings. before making the reservation - everything in one place.

OTA 59

OTA Hotels Online Sales Market 59

SiteMinder

JANUARY 16, 2024

Hoteliers can boost their occupancy and drive revenue effortlessly by showcasing their property across numerous channels without additional charges. SiteMinder provides a centralised solution for hoteliers, offering a single platform to manage distribution, reservations, and payments, saving valuable time and effort.

Revenue 52

Revenue Overbooking Online Sales Management 52

SiteMinder

JANUARY 16, 2024

Hoteliers can boost their occupancy and drive revenue effortlessly by showcasing their property across numerous channels without additional charges. SiteMinder provides a centralised solution for hoteliers, offering a single platform to manage distribution, reservations, and payments, saving valuable time and effort.

Revenue 52

Revenue Overbooking Online Sales Management 52

Hotel Business

JUNE 27, 2023

This approach helps balance revenue generation with occupancy rates, ultimately driving profitability. Distribute unused spaces via online sales channels Maximizing the utilization of your parking assets is essential, especially if you have unused parking spaces or experience seasonal fluctuations in demand.

Revenue 59

Revenue Hotels KPI Revenue Management 59

Xotels

AUGUST 15, 2022

Unfortunately, the average occupancy per person per room was actually 20% lower than normal, which made it impossible to reach the total revenue target, because the average room rate was totally off. Hold on, it gets even funnier. Hotels are a multi-million dollar or euro businesses and they demand an expert strategic and structural approach.

Marketing 59

Marketing Market Hotels ROI 59

eZee Absolute

NOVEMBER 1, 2022

Room revenue is expected to reach $168 billion and occupancy is projected to be 63.4%. Costar ) Online sales in the hotel segment will generate 80% of total revenue by 2026. The global hotel industry was valued at US$ 628.4 billion in 2021. ( TMR ) The market size of the global hotel and resort industry, which was $1.52

Hospitality 52

Hospitality Revenue Management Revenue Travel 52

Inn Quest

MARCH 23, 2023

Revenue is forecast to have an annual CAGR of 1.85% between now and 2027. 23% of bookings are currently made offline. 91% of total revenue will be generated through online sales by 2027, reaching a market volume of US$7.27 According to Tourism Australia, there were 2.2

Forecasting 52

Forecasting Tourism Average Daily Rate Hotels 52

Cloudbeds

JULY 15, 2023

Channel mapping: The software maps room types to each channel’s formatting requirements so that rooms display consistently across all online sales channels while also syncing seamlessly back into the PMS. This leads to higher occupancy, especially in times of low demand when it’s needed the most.

Management 76

Management OTA Cancellation Overbooking 76

Little Hotelier

OCTOBER 21, 2024

Generate more revenue One of the biggest advantages of direct bookings is that you don’t have to pay commission fees to online travel agencies (OTAs), which typically take 15-25% of each booking. These allow you to track room demand, occupancy rates, and competitor pricing, enabling you to adjust rates dynamically.

OTA 52

OTA Hotels Management Revenue 52