SiteMinder

NOVEMBER 15, 2022

Hotel overbookings can be a divisive topic. Some hoteliers love using this strategy to boost their revenue and protect their property from losing out due to last-minute cancellations. However, you can minimise the risk of having to walk travellers if you have a solid overbooking strategy. What happens when a hotel overbooks?

Overbooking 52

Overbooking Cancellation Occupancy Closing 52

SiteMinder

MARCH 20, 2024

. “When I joined Neera Retreat, it was evident that the hotel owner was deeply committed to leveraging technology to enhance bookings and revenue across multiple channels,” she said. Better distribution, easier revenue growth What if you could boost your hotel's bookings and bottom line while also reducing your workload?

Revenue 98

Revenue Branding Overbooking Operations 98

Horizon Hospitality

JULY 10, 2024

In the competitive world of hospitality, one of the most critical challenges of hotel professionals is balancing room rates with occupancy levels. Dynamic pricing, or yield management, involves adjusting room rates in real-time based on supply and demand, with the ultimate goal being to increase the Revenue Per Available Room ( RevPAR ).

Occupancy 52

Occupancy Revenue Yield Management Forecasting 52

STAAH

APRIL 16, 2024

Hoteliers need to employ smart strategies to optimize revenue and profitability. One of the most powerful tools in their arsenal is a robust Revenue Management Solution (RMS). This enables hoteliers to adjust room rates dynamically to maximize revenue based on current market conditions.

Revenue Management 91

Revenue Management Revenue Management Forecasting 91

SiteMinder

JUNE 26, 2024

What is revenue optimization? Revenue optimization in hotels is a comprehensive strategy that accounts for all revenue streams and uses data to enhance the overall revenue performance of the business. Table of contents Why is hotel revenue optimization important? Our smart hotel platform helps you do exactly that.

Revenue 72

Revenue Revenue Management Upsell Global Distribution System 72

Xotels

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

STAAH

AUGUST 20, 2023

The Thai beach resort attributes the revenue surge to the efficiencies in online distribution and direct bookings via STAAH. They wanted a platform that was fast and performant – quickly updating inventory and rates across multiple online channels, minimising errors and overbooking. STAAH ticked all the boxes – and more.

Revenue 89

Revenue Overbooking Resorts Occupancy 89

Hotel Speak

AUGUST 13, 2024

A robust sales distribution strategy is indispensable for hotels striving to maximise revenue and drive direct bookings. Therefore, ensuring it’s easy for guests to book, whether direct or through third parties, is paramount to fulfilling a successful occupancy strategy and higher Average Daily Rate (ADR) goal.

Revenue 82

Revenue Sales OTA Average Daily Rate 82

SiteMinder

OCTOBER 26, 2023

Dallas, USA – Brittain Resorts & Hotels (BRH), a leading full-service hospitality management company, has adopted SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, as part of its newly-announced business intelligence technology matrix.

Revenue Management 81

Revenue Management Revenue Resorts Management 81

STAAH

NOVEMBER 8, 2022

Like many other areas in travel and hospitality, revenue management has dramatically changed in the last two years. We spoke to leading revenue managers on what they think lies ahead. Revenue managers have had to up their ante on monitoring local trends and populace segments to get a better understanding of demand.

Revenue Management 84

Revenue Management Revenue Management Forecasting 84

Inn Quest

SEPTEMBER 5, 2023

Hotel inventory management is the process of efficiently overseeing and optimizing a hotel’s available resources including rooms, services and facilities, to maximize revenue and guest satisfaction. Food and Beverage: Restaurants, bars and room service are vital revenue streams.

Management 87

Management Overbooking Revenue Hotels 87

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

Catala Consulting

MAY 17, 2024

Revenue management is a crucial aspect of the hospitality industry, focusing on maximizing income through strategic pricing, inventory control, and demand forecasting. These frontline employees are instrumental in shaping the guest experience, impacting occupancy rates, and ultimately driving revenue.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

Hotelogix

NOVEMBER 7, 2024

The right sales tactics can help increase revenue, boost occupancy rates , and ensure guests have a positive experience. By encouraging guests to book directly through your website, you can keep more of the revenue and build stronger relationships with your guests. " can push guests to take action before they miss out.

Hotel Sales 52

Hotel Sales Revenue Sales OTA 52

STAAH

OCTOBER 15, 2023

This led to rate disparity, overbooking and inventory discrepancies. Rudraksh Club & Resort uses the STAAH Max Channel Manager which is powered by two-way API connections with more than 200 online channels, multiple PMS providers, revenue management systems, payment gateways and more.

Overbooking 95

Overbooking Occupancy Accommodation Resorts 95

SiteMinder

JUNE 12, 2024

Yield management is a pricing and revenue management strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. Over time, these roles matured and transformed, giving birth to the modern-day revenue or reservations managers.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

STAAH

OCTOBER 15, 2024

A channel manager automates this process, syncing room rates and availability across all platforms, reducing the risk of overbookings or pricing discrepancies. Additionally, it provides valuable insights into booking patterns and performance across various channels, helping hotels make better decisions to optimize revenue.

Operations 93

Operations OTA Overbooking Revenue 93

Inn Quest

APRIL 5, 2023

Anyone who has worked in the hospitality industry for a few years would enthusiastically attest to the importance of yield management in hotels, particularly in hotel revenue management. Yield management is a pricing strategy that predicts customer demand and adjusts prices to maximize revenue.

Yield Management 88

Yield Management Management Occupancy Revenue 88

SiteMinder

MAY 21, 2023

This has minimised revenue loss from vacant rooms while maximising our occupancy rates.” This eliminates manual updates, increases bookings and revenue, and eliminates concerns about overbooking or missing bookings. Previously, the resort handled all tasks manually, which was time-consuming.

Resorts 98

Resorts Overbooking Yield Management OTA 98

SiteMinder

JUNE 8, 2022

As unpredictable as it can be at times (especially through the COVID-19 pandemic), forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions. What is hotel revenue forecasting? You need to use forecasting at your hotel to inform your pricing and revenue strategies.

Forecasting 52

Forecasting Revenue Average Daily Rate Average Length of Stay 52

Little Hotelier

APRIL 10, 2024

Automation brings freedom and peace of mind Even with just four glamping pods, having software in place to manage day-to-day tasks is crucial for time management and revenue optimisation. However, ensuring guests book directly is just as essential for revenue optimisation. Tracy states that Little Hotelier has been invaluable. “It

Revenue 52

Revenue Management Small Business OTA 52

SiteMinder

OCTOBER 10, 2023

Hotel forecasting is a method that is used to help managers determine their accommodation’s future demand and revenue performance. As unpredictable as it can be at times, especially after the COVID-19 pandemic, forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions.

Forecasting 52

Forecasting Revenue Average Daily Rate Occupancy 52

STAAH

JUNE 11, 2024

Establishing a better mix between OTAs vs. direct bookings from third-party distributors and direct bookings or the right balance OTAs vs. Direct can help modern hoteliers maximise revenue and take full advantage of projected market growth. Some tips to keep in mind for OTAs: Negotiating commissions regularly to ensure they remain favourable.

OTA 99

OTA Shopping Occupancy Overbooking 99

Inn Quest

AUGUST 8, 2023

Offering competitive rates during off-peak seasons allows hotels to remain active in the market and attract guests even when other competitors might be struggling to maintain occupancy. During peak seasons, when rooms are in high demand, higher rates can help control the rate of bookings, preventing overbooking scenarios.

Hotels 88

Hotels Occupancy Overbooking Revenue 88

SiteMinder

MAY 2, 2023

At the same time, availability is adjusted across all channels, which reduces the risk of overbookings. “We Dynamic online distribution and more revenue The channel manger feature has also helped Town Hotel to improve its online reach. This in turn has a positive impact on occupancy and revenue.

Overbooking 97

Overbooking Online Sales Hotels OTA 97

SiteMinder

SEPTEMBER 6, 2023

The more you can funnel guests through your own website, the more you retain full control over the revenue and the guest experience. Any hiccups or delays can lead to booking abandonment, leaving potential revenue on the table. But it’s not just about the bottom line.

Hotels 98

Hotels Revenue Occupancy Services 98

SiteMinder

MAY 17, 2023

“We can easily adjust pricing based on occupancy, seasons, or during high-demand periods such as public holidays or long weekends. This allows us to develop sales strategies that generate the highest revenue, all within a single platform.” These rooms were actually created and carefully designed with guests in mind.

Revenue 52

Revenue Overbooking Operations Online Sales 52

SiteMinder

JANUARY 16, 2024

Hoteliers can boost their occupancy and drive revenue effortlessly by showcasing their property across numerous channels without additional charges. Secondly, we avoid overbooking issues as they are automatically removed from the calendar. The increase in reservations is remarkable,” said Jeremy.

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. Secondly, we avoid overbooking issues as they are automatically removed from the calendar. The increase in reservations is remarkable,” said Jeremy.

Revenue 52

Revenue Overbooking Online Sales Management 52

Hotelogix

OCTOBER 4, 2024

This tool not only simplifies operations but also helps maximize revenue and improve the guest experience. Choosing the right OTA channel manager can streamline your hotel’s online distribution strategy, prevent overbookings, and boost overall profitability. This prevents overbookings and reduces manual work.

OTA 52

OTA Management Overbooking Revenue 52

Inn Quest

SEPTEMBER 12, 2023

The goal is to provide excellent guest experiences while maximizing revenue and maintaining cost control. High-quality food and beverage services enhance the overall guest experience and can be a significant revenue generator. Effective revenue management is crucial to optimize room rates, occupancy levels, and overall revenue.

Operations 88

Operations Management Revenue Revenue Management 88

SiteMinder

JANUARY 21, 2024

The ultimate challenge for us was to maximise our occupancy rate each month and reduce our overbookings as much as possible.” “Moreover, managing OTA inventory and data insights with quality and completeness to further develop the analysis of our target customers was important but also difficult.”

Resorts 52

Resorts Overbooking OTA Occupancy 52

SiteMinder

OCTOBER 10, 2023

A channel manager not only streamlines the process of updating your listings but also unlocks the potential for increased revenue through higher online exposure and insightful analytics to understand booking trends. Table of contents Why should hotels consider a channel manager for Agoda? But that’s not all.

Management 59

Management Overbooking OTA Hotels 59

SiteMinder

AUGUST 29, 2023

Understanding and controlling hotel operating costs While revenue generation often takes the spotlight, equally crucial is the understanding and control of hotel operating costs. Typical hotel operating expenses list Managing a hotel’s finances requires a keen understanding of both its revenue streams and its operating expenses.

Revenue 52

Revenue Hotels OTA Operations 52

Hotelogix

NOVEMBER 28, 2024

It can directly impact revenue, guest satisfaction, and your ability to scale. Delays can lead to double bookings or lost revenue. Some advantages include: Higher Revenue: Accurate inventory and pricing lead to more bookings at the right rates. Choosing the best channel manager isn't just about convenience.

Business 52

Business Management OTA Global Distribution System 52

Cloudbeds

FEBRUARY 28, 2024

The reservation system acts as the central hub of the reservation ecosystem, which may also include a website booking engine, channel manager, and revenue management system. When integrated, these modules work together to help hotels manage room availability, distribution, reservations, and revenue. Generate more revenue.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

SiteMinder

APRIL 28, 2022

The booking engine is designed to ensure that the direct booking process is quick and easy, increasing occupancy rates and ensuring that you are getting the maximum revenue possible, by cutting out online travel agent commission costs. One of these is overbookings. Ultimately increasing my occupancy and avoiding overselling.”.

Overbooking 52

Overbooking OTA Occupancy Hotels 52