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

Hotel Speak

APRIL 12, 2023

HotelRunner, the leading hospitality and travel technologies platform, has launched HotelRunner Elite, an exclusive service designed to add exponential value to independent and chain hotels, helping them overcome the challenges of strategic positioning and yield management.

Yield Management 59

Yield Management Accommodation B2B Travel 59

SiteMinder

NOVEMBER 7, 2023

In September, the group took management of Marlborough Sounds’ 42-room Portage Resort and will be operating the anticipated Soho Hotel Auckland from December. Our main job is to maximise our properties from a yield management and revenue generation perspective, and having the best possible technology is what allows us to achieve that.

Scale 105

Scale Management Yield Management Accommodation 105

SiteMinder

JANUARY 30, 2023

The accommodation, with more than 17 years in operation, is one of the most sought-after places worldwide, and has held the title of “World’s First Seven Star Boutique Hotel”. He also added that SiteMinder’s features allowed for improved yield management , which resulted in an increase of average daily rate (ADR) for the property.

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SiteMinder

MAY 21, 2023

Silavadee Pool Spa Resort Samui, a renowned 5-star establishment with over 14 years of operation, is nestled on the tranquil Lamai Beach in Surat Thani, Koh Samui. 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.

Resorts 98

Resorts Overbooking Yield Management OTA 98

Cloudbeds

FEBRUARY 28, 2024

We’ll also show you how to harness this powerful technology to capture more reservations, streamline booking processes, save time and costs, and increase guest satisfaction – whether you operate a hotel, hostel, motel, B&B, or vacation rental company. Manage rates and availability in real-time. What is a hotel reservation system?

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Revenue Management Revenue Hotels Operations 98

SiteMinder

OCTOBER 10, 2023

Cost-based pricing is a pricing method where the selling price of a product or service is determined by adding a markup to the unit cost or, in the case of hotels, the cost of keeping a room available and maintained for use. Table of contents Why do hotels use a cost-based pricing strategy?

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Target Marketing Revenue Yield Management Market 59

Catala Consulting

JULY 30, 2023

Resort revenue management has become an indispensable tool for businesses, fostering strategies that maximize yield and build strong customer relationships. The Cornerstones of Resort Revenue Management Resort revenue management , interchangeably used with yield management, revolves around a strategic pricing approach.

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Revenue Management Revenue Resorts Management 52

eZee Absolute

OCTOBER 11, 2023

Nestled in the breathtaking mountains of Uttarakhand, Sidus Galaxy Resort & Spa stands as a picturesque retreat, offering guests an exquisite blend of luxurious accommodations, personalized services, and unique experiences, all framed by the awe-inspiring backdrop of the Himalayan snowclad peaks.

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Resorts Management Sales Yield Management 52

Inn Quest

JUNE 8, 2023

Gone are those days when a friendly concierge staff was the peak of personalized service. Artificial intelligence (AI) is seamlessly integrating into hospitality experiences, redefining our expectations – from chatbots providing instant customer support to predictive analytics optimizing hotel operations.

Hospitality 54

Hospitality Services Upsell Operations 54

Catala Consulting

JANUARY 11, 2023

These costs are typically associated with the hotel’s operations, such as food, beverages, laundry, and housekeeping. Yield management systems use sophisticated algorithms to analyse data such as occupancy levels, booking patterns, and competitors’ rates to determine the optimal room rates.

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Yield Management Occupancy Management Hotels 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?

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Revenue Management Revenue Management Forecasting 52

SiteMinder

NOVEMBER 14, 2023

Through this inbox, hotel operators can manage reservations, respond to inquiries, and foster a personalised guest experience before, during and after arrival, all contributing to a more streamlined operational workflow – particularly when integrated with a broader property management system like SiteMinder.

Revenue 52

Revenue Management Yield Management Overbooking 52

Xotels

APRIL 3, 2024

Mix of business and leisure amenities and services (see how to target the bleisure market ). Revenue management should lead the pricing strategy to ensure the best offer goes out to the booker. Each hotel must customise its segmentation strategy based on its market, property, and revenue management goals.

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Revenue Management Revenue Management Ancillary Revenue 76

Hotelogix

AUGUST 27, 2024

Get Useful Data: Channels give hotels information they can use to improve their services. Wholesalers- Wholesalers buy room inventory from hotels in bulk and sell it to travel agents or tour operators. This partnership is especially beneficial for boutique and luxury hotels, where personalized service is a key selling point.

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Global Distribution System OTA Revenue Hotels 52

SiteMinder

JULY 10, 2024

Hotel podcast: SiteMinder’s Standard Room With Breakfast Gain new and unique perspectives on hotel operations and revenue optimisation, featuring interviews with a variety of industry professionals. These include: hotel technology trends, hotel PMSs, cloud technology, mobile, self-service, and more.

Hospitality 52

Hospitality Hotels Digital Marketing Revenue 52

SiteMinder

JANUARY 10, 2024

Hotel training is a custom program designed to give a hotel team the knowledge and skills they need to operate and grow a hotel business. 78% of people rank great quality service above all else when selecting a hotel. Great service is a mosaic made up of many interactions. What is hotel training?

Management 59

Management Hotels Services Business 59

Xotels

SEPTEMBER 13, 2024

Outsourcing Why hotels should outsource revenue management remains an important topic for hoteliers, as outsourcing can offer hotel owners a strategic advantage by freeing up internal resources, accessing specialised expertise, and driving top and bottom-line growth. Get ROI from Underutilised Areas: Got an empty space in your hotel?

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Revenue Management Revenue Management Ancillary Revenue 40

Xotels

SEPTEMBER 13, 2024

Outsourcing Why hotels should outsource revenue management remains an important topic for hoteliers, as outsourcing can offer hotel owners a strategic advantage by freeing up internal resources, accessing specialised expertise, and driving top and bottom-line growth. Get ROI from Underutilised Areas: Got an empty space in your hotel?

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

MAY 30, 2024

For a more full picture including operational costs like cleaning into the mix, the KPI GOPPAR is used. It stands for Gross Operating Profit Per Available Room. Neither should we ignore the fact that guests spend on additional services while staying at your hotel. You would not want to lose out on this.

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Revenue Management Occupancy Revenue Average Daily Rate 49

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. It’s about adding a tool you’ll be using consistently.

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Management OTA Cancellation Overbooking 76

SiteMinder

NOVEMBER 24, 2023

Evaluating SiteMinder reviews enables accommodation providers to determine its suitability for their specific needs and operational requirements, allowing them to invest in solutions that align with their business goals and increase overall efficiency, guest satisfaction, and revenue results.

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Revenue Revenue Management Management General Manager 52