Remove Occupancy Remove OTA Remove Upsell
article thumbnail

How decision intelligence unlocks hotel data for better insights

Cloudbeds

This scalability is especially valuable for hotels – as more information is collected about guest behavior, booking trends , and occupancy patterns the more precise rate adjustments, inventory management, and marketing strategies will be in the future. Why it’s important for hotels? Why it’s important for hotels?

Upsell 105
article thumbnail

Report: Independent hotels see record-breaking occupancy

Hotel Business

The data covers key hotel performance indicators such as occupancy, RevPAR, booking lead time, length of stay, international and domestic travel, direct and OTA bookings, as well as upsell performance to forecast trends shaping the hotel industry in 2023. Some of the findings: Direct bookings are on the rise.

Occupancy 115
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Effective Hotel Sales Strategies to Increase Revenue

Hotelogix

The right sales tactics can help increase revenue, boost occupancy rates , and ensure guests have a positive experience. Maximize Direct Bookings to Reduce Dependence on OTAs When guests book through Online Travel Agents (OTAs) like Booking.com or Expedia, hotels often have to pay hefty commission fees, sometimes up to 20%.

article thumbnail

What is Visito and what does it do?

SiteMinder

It acts as a virtual concierge, answering common questions, sharing booking links, promoting special offers, and even upselling services without staff intervention. It can also share booking links, promote special offers, and upsell services all within the same conversation. How does Visito support guest messaging across platforms?

52
article thumbnail

Top 10 Revenue Management Tools: The Ultimate Revenue Toolkit

Xotels

Revenue management tools are software and systems that help hotels optimize pricing, control cost , maximize occupancy, and increase profitability. Guest actions Who makes direct bookings versus through OTAs, and how can you influence them? It monitors guest reservations, room occupancy, and overall performance metrics.

article thumbnail

Hotel Pricing Strategy: 9 Key Factors To Drive More Bookings

STAAH

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.

article thumbnail

Busting Today’s Hotel Distribution Myths

Hotel Speak

Effective hotel distribution strategies enable hotels to target the right audience, optimise occupancy rates, and enhance revenue management. Hotels have worked with third parties such as airlines, travel agents, online travel agents (OTAs) and the Global Distribution System (GDS) for decades.

OTA 101