Hotel Speak

FEBRUARY 26, 2024

Adam Harris, Co-Founder and CEO of Cloudbeds , said: “The outlook for the travel industry in 2024 looks rather encouraging, with economic forecasts shifting from fears of a global recession to expectations of a soft landing and moderate growth. Online travel agencies (OTAs) have returned stronger than ever.

Average Daily Rate 110

Average Daily Rate OTA Overbooking Travel 110

STAAH

JUNE 11, 2024

On one side, you have OTAs (online travel agents) that are vital distribution partners to liquidate unsold inventory and put heads in beds. Customer trust: Many travellers trust OTAs due to their established reputation and user-friendly platforms. Ensure rate parity across all platforms to maintain trust and avoid penalties from OTAs.

OTA 110

OTA Shopping Occupancy Overbooking 110

Hotel Speak

AUGUST 13, 2024

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. Research has found the more visible your hotel is online, the more likely someone is to book it – both directly or via an OTA.

Revenue 104

Revenue Sales OTA Average Daily Rate 104

Inn Quest

SEPTEMBER 5, 2023

By implementing an inventory tracking system, hotels can minimize underbooking, reduce overbooking risks, set competitive prices and provide a seamless guest experience, ultimately leading to increased revenue and improved operational efficiency. This prevents overbooking and rate disparities, enhancing the guest experience.

Management 87

Management Overbooking Revenue Hotels 87

SiteMinder

MAY 21, 2023

The remarkable service and awe-inspiring ocean views leave a lasting impression on both local and global travellers, making it a coveted destination on their must-visit lists. This has minimised revenue loss from vacant rooms while maximising our occupancy rates.”

Resorts 98

Resorts Overbooking Yield Management OTA 98

SiteMinder

MARCH 20, 2024

With unique positioning and unwavering commitment to guest satisfaction, Neera Retreat and its 53 rooms has become a preferred choice for travellers seeking tranquillity and rejuvenation amidst the chaos of urban life.

Revenue 98

Revenue Branding Overbooking Operations 98

STAAH

APRIL 16, 2024

Integration with Distribution Channels: Seamless integration with distribution channels such as online travel agents (OTAs) , global distribution system (GDS) , and direct booking channels is essential for efficient inventory management and distribution.

Revenue Management 110

Revenue Management Revenue Management Forecasting 110

SiteMinder

MAY 2, 2023

An elegant inner city featuring cafés and shops, a beautiful park, the Hessian State Theatre and countless thermal spas, make Wiesbaden a unique travel destination. At the same time, availability is adjusted across all channels, which reduces the risk of overbookings. “We This in turn has a positive impact on occupancy and revenue.

Overbooking 97

Overbooking Online Sales Hotels OTA 97

SiteMinder

JUNE 12, 2024

Learn more Yield management vs revenue management The goal of yield management is not merely to increase room rates or occupancy; rather, it’s to maximise your hotel’s revenue by forecasting your room supply and demand across a variety of key factors. Our smart hotel platform helps you do exactly that. in one day, week, or month.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

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

Hotelogix

FEBRUARY 17, 2025

This article explores the top 10+ distribution channels , the biggest travel industry trends , and strategies to drive direct bookings while reducing OTA commission fees. Hotel distribution channels are the platforms or mediums that enable travelers to discover, compare and book hotel stays. Diversification across multiple channels.

OTA 40

OTA Global Distribution System Hotels Revenue 40

SiteMinder

APRIL 28, 2022

On the edge of the busy city, The Dylan maintains a sanctuary of calm, with the property seeing guests from all walks of life; from business travelers, to holiday makers, to even those who require accommodation during medical treatments. There are numerous scenarios that could hinder a traveler’s stay. One of these is overbookings.

Overbooking 52

Overbooking OTA Occupancy Hotels 52

Hotelogix

JANUARY 19, 2025

The hospitality industry is fiercely competitive, with modern travelers expecting seamless experiences powered by cutting-edge technology. By generating reports and analytics, the PMS provides valuable insights into occupancy trends , revenue performance, and guest preferences.

Management 40

Management Operations Occupancy Revenue 40

Little Hotelier

OCTOBER 11, 2023

For hoteliers, peak travel season is all about making hay while the sun shines. By positioning yourself as the first choice for your target guest, you can charge a higher rates for your rooms – which guests will be more willing to pay given they are competing against so many other travellers.

Maximum Length of Stay 52

Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 52

Hotelogix

OCTOBER 4, 2024

For small and mid-size hotels, having the right OTA ( Online Travel Agencies ) channel manager is critical. 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

SiteMinder

JANUARY 21, 2024

Travellers come domestically via Thailand, but many international guests also arrive from Singapore, Germany, Cambodia, United Kingdom, and Northern Ireland. Sohpin.” “We also now have almost zero overbookings, our daily operations are streamlined, and we’ve been able to drastically reduce lost sales opportunities.”

Resorts 52

Resorts Overbooking OTA Occupancy 52

Cloudbeds

APRIL 8, 2024

Many hoteliers question if it’s worthwhile investing in a direct booking strategy or if they can solely rely on online travel agencies (OTAs) like Airbnb, Booking.com, or Trip.com to fill occupancy. Travelers crave experiences. Are you wondering whether you need a hotel booking engine? Upsells and add-ons. Multiple rate plans.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

SiteMinder

JUNE 26, 2024

Here are some of the key benefits: Increased profitability: By setting the right room rates and managing inventory effectively, hotels can maximize their revenue without necessarily sacrificing occupancy rates. Better resource allocation: Revenue management helps hotels predict staffing needs based on anticipated occupancy levels.

Revenue 72

Revenue Revenue Management Upsell Global Distribution System 72

SiteMinder

SEPTEMBER 6, 2023

Direct bookings are the lifeblood of your business , offering a pathway to profitability that sidesteps the commissions paid to online travel agents. This global reach can significantly expand your customer base, making your hotel a go-to choice for travellers worldwide. But it’s not just about the bottom line.

Hotels 98

Hotels Revenue Occupancy Services 98

STAAH

NOVEMBER 8, 2022

Like many other areas in travel and hospitality, revenue management has dramatically changed in the last two years. With most hoteliers still relying on domestic travellers, the prime booking window is 0-3 days for business properties, out of which same day booking is the strongest,” says Kamal Kishore from Redsky Hospitality.

Revenue Management 98

Revenue Management Revenue Management Forecasting 98

Fuel Travel

JULY 11, 2024

It also prevents overbooking and keeps everything in sync, allowing guests to tailor their stay preferences and enhance their experience. Properties still relying on phone or form bookings are losing revenue, especially amongst younger travelers who are less likely to reach out directly to the hotel.

Upsell 52

Upsell Overbooking Hotels OTA 52

Catala Consulting

MAY 17, 2024

These frontline employees are instrumental in shaping the guest experience, impacting occupancy rates, and ultimately driving revenue. Enhancing Occupancy Rates through Efficient Management Managing Overbookings and Walk-Ins Reception staff play a critical role in managing overbookings and walk-ins, which are common in the hotel industry.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

eZee Absolute

JANUARY 15, 2025

Blending modern comfort with traditional Rajasthani charm, it welcomes both local and international travelers to experience Udaipur’s royal heritage. Missed Bookings and Overbooking Chaos: Reservations were often mishandled, leading to lost revenue and unhappy customers. The result? Weekly and monthly data?

Management 52

Management Overbooking Hotels Operations 52

Inn Quest

AUGUST 15, 2023

Hotels face a daunting challenge as travelers seek convenience and competitive prices: how to efficiently manage their room inventory across multiple online distribution channels while maintaining real-time updates and avoiding overbooking. This is where a hotel channel manager comes into play.

Management 52

Management Global Distribution System Overbooking OTA 52

SiteMinder

NOVEMBER 22, 2023

Common issues include inconsistent customer service, challenges in managing online reputation, and fluctuating occupancy rates. Here are some of the common problems faced by hotels: Low occupancy rate A low occupancy rate is a significant challenge for hotels, reflecting underutilisation of resources and potential revenue loss.

Overbooking 52

Overbooking Hotels Revenue Management 52

Hotelogix

OCTOBER 11, 2024

The consequences can greatly impact the revenue streams, occupancy rates, and guest satisfaction. Guests might miss flights due to delays, experience personal emergencies, or face unforeseen circumstances that prevent them from traveling. Seasonal Influences: Holidays and special events can impact travel plans.

Cancellation 52

Cancellation Overbooking Occupancy Hotels 52

STAAH

OCTOBER 15, 2024

Channel Manager Managing multiple distribution channels, from Online Travel Agents (OTAs) to direct bookings, can be complex without the right tools. A channel manager automates this process, syncing room rates and availability across all platforms, reducing the risk of overbookings or pricing discrepancies.

OTA 52

OTA Overbooking Revenue Management Revenue 52

SiteMinder

OCTOBER 10, 2023

Agoda, being one of the leading online travel agencies (OTAs), provides a vast and valuable audience. Control your OTA listings and earn more revenue Say goodbye to overbookings and hello to maximised revenue with real-time inventory and rate management with SiteMinder’s channel management solution.

Management 59

Management Overbooking OTA Hotels 59

Cloudbeds

FEBRUARY 28, 2024

When travelers make a hotel reservation, they expect a seamless experience , or they may decide to stay elsewhere. For hotels, meeting this expectation means moving away from manual processes and investing in booking software that allows travelers to book a room when they want on the channel of their choice. Generate more revenue.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

Inn Quest

SEPTEMBER 12, 2023

This includes advertising, promotions, pricing strategies and partnerships with travel agencies and online booking platforms. Effective revenue management is crucial to optimize room rates, occupancy levels, and overall revenue. Failure to do this can result in lost revenue opportunities or overbooking during peak periods.

Operations 88

Operations Management Revenue Revenue Management 88

Cloudbeds

FEBRUARY 26, 2024

Adam Harris, Co-Founder and CEO of Cloudbeds, said : “The outlook for the travel industry in 2024 looks rather encouraging, with economic forecasts shifting from fears of a global recession to expectations of a soft landing and moderate growth. Online travel agencies (OTAs) have returned stronger than ever.

Average Daily Rate 52

Average Daily Rate OTA Overbooking Travel 52

Hotel Speak

JULY 24, 2024

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

OTA Hotels Revenue Marketing 101

SiteMinder

OCTOBER 5, 2023

It offers a suite of tools that allow you to manage your Expedia listings across various online travel agencies (OTAs) that are part of the Expedia Group. Expedia Partner Central is a popular choice among hoteliers, primarily for its expansive reach within the travel industry. A particularly useful feature is the rate management tool.

Average Daily Rate 59

Average Daily Rate Hotels Management OTA 59

SiteMinder

MAY 17, 2023

Given that VALA Hua Hin – Nu Chapter Hotels has partnered with several travel agencies, staff members had to spend a lot of time inputting data and managing the online sales channels manually. “We can easily adjust pricing based on occupancy, seasons, or during high-demand periods such as public holidays or long weekends.

Revenue 52

Revenue Operations Overbooking Online Sales 52

Little Hotelier

JULY 31, 2023

It’s designed to maximise hotel occupancy through its distribution channels. It’s a powerful tool that can help you drive maximum occupancy and increase your hotel’s visibility. This ensures that your inventory is always up-to-date, reducing the risk of overbooking. What is MaxiRoom?

Cancellation 52

Cancellation Overbooking OTA Management 52

Hotelogix

AUGUST 31, 2024

A Global Distribution System (GDS) is a computerized network used by travel agents, online travel agencies, and corporate travel managers to book travel services like hotel rooms, airline tickets, car rentals, and more. This helps them attract a larger audience, increasing bookings and occupancy rates.

Global Distribution System 40

Global Distribution System OTA Occupancy Hotels 40

eZee Absolute

OCTOBER 24, 2024

It’s a critical aspect of a hotel’s operations, as the effectiveness of this distribution directly impacts visibility, occupancy rates, and overall revenue. Guests expect consistency and ease, whether they’re booking on a hotel’s website or through an online travel agency. Here’s where technology comes in.

Hotels 59

Hotels Revenue Management Overbooking Revenue 59