SiteMinder

MAY 14, 2023

To improve a property’s RevPAR, both the average room rate (ADR) and occupancy rate must also increase. The management team saw this as a challenge. Ms Atchara stated that during the pandemic, “we were able to increase RevPAR by more than 30% by executing yield management on the platform swiftly and accurately.”

Sales 97

Sales Revenue Yield Management Occupancy 97

Xotels

JULY 26, 2024

As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. What is Yield Management, Really? That’s yield management in action.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Catala Consulting

JANUARY 18, 2024

This article explores the top trends in hotel revenue management, yield management, and revenue management in the UK, offering insights and strategies for hotel professionals. Dynamic Pricing: The Heartbeat of Yield Management Dynamic pricing remains at the forefront of yield management strategies.

Revenue Management 52

Revenue Management Revenue Management Market 52

Xotels

JULY 26, 2024

As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. What is Yield Management, Really? That’s yield management in action.

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

Catala Consulting

JANUARY 11, 2023

Another way to manage variable costs is by implementing a yield management system , which helps the hotel to adjust room rates based on demand, thereby increasing revenue and ultimately reducing the cost per occupied room. Keeping an eye on your occupancy levels is another way to manage variable costs.

Yield Management 52

Yield Management Occupancy Management Hotels 52

Experience Hotel

MAY 30, 2024

Si vous êtes constamment rempli en semaine, mais que vous avez du mal à attirer des clients le week-end, vos objectifs devront se concentrer sur la manière d’équilibrer votre taux d’occupation. Son hôtel affichait complet en semaine mais voyait son taux d’occupation chuter le reste du temps. Sa stratégie ?

KPI 52

KPI Yield Management Occupancy OTA 52

SiteMinder

OCTOBER 9, 2022

The art is to maximise revenue with rate premiums when there is an abundance of demand and also set competitive and sustainable rates in the low season when market demand is more fiercely contested: in short, yield management. Revenue managers continuously solve an ever-changing puzzle, where occupancy and ADR are two key pieces.

Revenue Management 59

Revenue Management Revenue Management Occupancy 59

Cloudbeds

FEBRUARY 28, 2024

With a channel manager integrated with your reservation system, you can simultaneously update pricing and availability on all booking channels. This will help you increase occupancy, maintain rate parity, and prevent pricing errors, overbookings, and lost sales. Automate your credit card payment processing.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

SiteMinder

AUGUST 1, 2024

We were able to increase RevPAR by more than 30% by executing yield management on the platform swiftly and accurately.” Forecast demand using historical data and set automated rules to adjust availability based on occupancy rates and booking patterns.

Revenue 52

Revenue Yield Management Overbooking Management 52

Xotels

APRIL 3, 2024

Start increasing your revenue today by reading our all-in-one ultimate guide on what is revenue management from our expert perspective as a hotel revenue management consulting company. Article Summary: What is the Definition of Revenue Management? Why is Revenue Management Important to Hotels & Other Industries?

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Hotelogix

AUGUST 27, 2024

They handle bookings and often increase your occupancy rates by giving your hotel more exposure. However, OTAs charge a commission, so it’s important to manage these costs carefully. Cons: Unpredictable Revenue: Walk-ins are hard to forecast, leading to fluctuating occupancy rates.

Global Distribution System 52

Global Distribution System OTA Revenue Hotels 52

Xotels

APRIL 3, 2024

Overbooking: although overbookings are often seen as a scary proposition, it’s an important strategy to maximise occupancy and achieve those elusive perfect fills. Some examples include: Room block: for instance, a group of business people who wish to use the hotel’s conferencing facilities over a two- or three-day stay.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

SiteMinder

OCTOBER 10, 2023

Learn more Key factors to consider when implementing the cost-based pricing method Implementing cost-based pricing requires a thorough understanding of various factors that could impact the effectiveness of this pricing strategy, as well as a mastery of yield management.

Target Marketing 59

Target Marketing Revenue Yield Management Marketing 59

Xotels

SEPTEMBER 13, 2024

Pricing optimisation: Setting the right prices to maximise revenue while maintaining occupancy. Distribution management: Understanding and managing your hotel’s distribution channels is essential to reaching the right guests. Want to read more about the basics of revenue management?

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

SEPTEMBER 13, 2024

Pricing optimisation: Setting the right prices to maximise revenue while maintaining occupancy. Distribution management: Understanding and managing your hotel’s distribution channels is essential to reaching the right guests. Want to read more about the basics of revenue management?

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Inn Quest

JUNE 8, 2023

Here’s how it works: Sensors, cameras, and smart thermostats collect data about the room environment (temperature, humidity, lighting conditions, occupancy) which is sent for analysis. To learn about the benefits of yield management in the hotel industry, read this.

Hospitality 54

Hospitality Services Upsell Operations 54

Cloudbeds

JULY 15, 2023

And even then, manually-managed distribution is risky: any delays in updating rates and availability on a channel’s extranet could mean selling a room that isn’t available or selling at a lower rate, which can lead to overbooking and sub-optimal yield management.

Management 76

Management OTA Cancellation Overbooking 76

Xotels

DECEMBER 12, 2024

To make OTAs work for you, maintain rate parity and use them strategically to fill gaps in occupancy. While OTA commissions can be steep, these channels are effective for attracting a broad audience. Global Distribution Systems (GDS) GDS platforms such as Amadeus, Sabre , and Travelport connect hotels with travel agents worldwide.

OTA 40

OTA Global Distribution System Revenue Revenue Management 40

Xotels

AUGUST 9, 2021

Moreover, the latest multiplier addition is particularly welcomed by RMs, as it allows hoteliers to adjust their bid for specific dates based on variables such as events in the area, pace of pick-up, occupation rate, and so forth. On top of that, Google is constantly beta-testing new features for GHA.

Market Share 52

Market Share Hotels OTA Cancellation 52

SiteMinder

NOVEMBER 24, 2023

Executing yield management on the platform swiftly and accurately, they experienced a 50% increase in overall bookings. SiteMinder reviews via customer stories: “SiteMinder is so reliable and fast, I am able to make last minute changes, ultimately increasing my occupancy and avoiding overselling.

Revenue 52

Revenue Revenue Management Management General Manager 52