OTA, Retail and Revenue Management

Is My Hotel Room Pricing Logical?

STAAH

MAY 21, 2024

Decision: Should we increase or hold the retail pricing on online travel agents (OTAs) and the brand website? If demand is high and competition is priced higher, increasing the rate could maximize revenue. Decision: Should we increase or hold the retail pricing?

Occupancy

Occupancy Retail Yield Management Revenue

Market segmentation is a key piece of revenue management

Hotelier Magazine

DECEMBER 17, 2024

This illumination is facilitated with hotel market segmentation, a key component of a viable hotel revenue-management strategy. IHG is a great practitioner of market segmentation, says Tarandeep Singh, regional VP of Commercial, Marketing & Revenue Management, Canada, IHG Hotels & Resorts.

Revenue Management

Revenue Management Revenue Market Marketing

From guesswork to predictive power: The evolution of hotel demand forecasting

Cloudbeds

DECEMBER 2, 2024

Understanding future demand trends, their causes, and the guest segments driving them can help hotel revenue managers adjust room rates to boost occupancy and sales. Managers can use it to budget, allocate resources, streamline inventory management, and improve the guest experience. This forward-looking data (e.g.,

Forecasting

Forecasting Revenue Management Occupancy Revenue

Webinars

Welcome to the Future of Hospitality: Smart Rooms Start Here

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EBITDAR explained: Driving financial health for hotels

Cloudbeds

JANUARY 22, 2025

Business intelligence software To improve EBITDAR, teams can use business intelligence software to collaborate, identify opportunities to reduce costs, and find ways to increase revenue. 7 tips to improve EBITDAR As a profit metric, EBITDAR can be improved in two ways: increasing revenue and reducing costs.

Revenue

Revenue Hotels Operations Average Daily Rate

How to attract the right guests with hotel market segmentation (step-by-step guide)

Cloudbeds

MARCH 20, 2023

It is a fundamental process of revenue management, but also brings benefits to marketing, operations, and the guest experience. When lodging operators divide guests into segments, they can be more targeted in promotions, communications, and guest services to increase revenue, guest loyalty, and guest satisfaction.

Hotel Marketing

Hotel Marketing Marketing Market Average Daily Rate

What is hotel metasearch marketing? The complete guide for lodging properties

Cloudbeds

JANUARY 10, 2025

And yet, many hotels overlook metasearch in their digital marketing strategy , missing out on opportunities to reach a broader segment of travelers, compete for business with online travel agencies (OTAs), and drive direct bookings. Much like with OTAs, the search results then display a list of available hotels and rates in the destination.

Cost Per Click

Cost Per Click Market Marketing OTA

Hotel Management: Meaning, Types, and Operations

SiteMinder

JANUARY 8, 2024

Types of hotel management If we zoom in on accommodation management, it too can be divided into a few different categories, which reflect the broad range of tasks and challenges that hotel management presents. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR).

Operations

Operations Management OTA Hotels

Hotel Management: Meaning, Types, and Operations

SiteMinder

JANUARY 8, 2024

Types of hotel management If we zoom in on accommodation management, it too can be divided into a few different categories, which reflect the broad range of tasks and challenges that hotel management presents. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR).

Operations

Operations Management OTA Hotels

How travel technology is changing for hotels

SiteMinder

NOVEMBER 30, 2023

Now online travel agents (OTAs), hotel websites, and social media dominate the travel landscape. Again, this requires the hotel to install and manage the necessary technology. Even at a more physical level, hotels are hiring specialists to manage social media , Wi-Fi and other IT services, in addition to retail components.

Travel

Travel Hotels Services OTA

How to start a hotel business plan

SiteMinder

AUGUST 1, 2024

Sales channels: How you will determine your distribution strategy , whether it’s direct bookings, online travel agents (OTAs), or a combination of both. Pricing strategy: How you will set competitive room rates and consider implementing revenue management strategies to maximise occupancy and revenue.

Business

Business Revenue Hotels Occupancy

Travel wholesalers: Complete guide for hotels

SiteMinder

SEPTEMBER 12, 2023

Travel wholesalers are B2B companies that purchase hotel room inventory in bulk at a discounted rate and sell it to OTAs, travel agents, tour operators, airlines, and other travel or accommodation sellers. What are travel wholesalers? It got to the point where hoteliers were extremely cautious about engaging them. Let’s take a look.

Travel

Travel Hotels B2B OTA

Everything you need to know about a hotel PMS and what it does

SiteMinder

OCTOBER 11, 2022

Cloud-based PMS solutions are a superior way to automate and accelerate all the important processes at your hotel including; Taking and confirming bookings, Managing reservations, Generating bills and reports, Check-in/out, Room transfers, Checking/editing availability, Guest communication. Manage your revenue.

Hotels

Hotels Management Revenue Management Revenue

How to Really Make Money with a Hotel: Maximizing Hotel Profit

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. The Power of Experts Yield management can be complex, but you don’t have to go at it alone.

Yield Management

Yield Management Upsell Hotels Ancillary Revenue

How to Really Make Money with a Hotel: Maximizing Hotel Profit

Xotels

JULY 26, 2024

Were going to get down and dirty with the real-world strategies that we have actually seen working as a revenue management consulting company. The Power of Experts Yield management can be complex, but you don’t have to go at it alone. Consider hiring a revenue management consultant instead.

Yield Management

Yield Management Upsell Revenue Hotels

How to Really Make Money with a Hotel: Maximizing Hotel Profit

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. The Power of Experts Yield management can be complex, but you don’t have to go at it alone.

Yield Management

Yield Management Upsell Revenue Hotels

Hotel Sales Focus

Is My Hotel Room Pricing Logical?

Market segmentation is a key piece of revenue management

Webinars

Trending Sources

From guesswork to predictive power: The evolution of hotel demand forecasting

Webinars

EBITDAR explained: Driving financial health for hotels

How to attract the right guests with hotel market segmentation (step-by-step guide)

What is hotel metasearch marketing? The complete guide for lodging properties

Hotel Management: Meaning, Types, and Operations

Hotel Management: Meaning, Types, and Operations

How travel technology is changing for hotels

How to start a hotel business plan

Travel wholesalers: Complete guide for hotels

Everything you need to know about a hotel PMS and what it does

How to Really Make Money with a Hotel: Maximizing Hotel Profit

How to Really Make Money with a Hotel: Maximizing Hotel Profit

How to Really Make Money with a Hotel: Maximizing Hotel Profit

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