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.

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Yield Management Upsell Hotels Ancillary Revenue 59

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.

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Revenue Management Revenue Management Market 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 ?

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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.

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Yield Management Occupancy Management Hotels 52

SiteMinder

MAY 21, 2023

Silavadee Pool Spa Resort emphasises that “since implementing SiteMinder, we have experienced a significant increase in online bookings, up to 60%, through effective yield management strategies based on market trends. This has minimised revenue loss from vacant rooms while maximising our occupancy rates.”

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Resorts Overbooking Yield Management OTA 98

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.”

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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.

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Revenue Yield Management Overbooking Management 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.

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Global Distribution System OTA Revenue Hotels 52

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?

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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

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?

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Revenue Management Revenue Management Forecasting 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.

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Revenue Management Revenue Management Occupancy 59

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.

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Target Marketing Revenue Yield Management Market 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.

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Revenue Management Revenue Hotels Operations 98

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.

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Revenue Management Revenue Management Ancillary Revenue 76

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.

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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.

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Management OTA Cancellation Overbooking 76

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.

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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.

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