MediaBoom

AUGUST 1, 2024

McKinsey & Company estimates that domestic travel will experience a three-percent rate of growth per year. Hospitality and tourism marketing is the strategic process of creating demand and building a strong brand for products and services within the travel industry. Get on local travel directories. Here’s more information.

Tourism 92

Tourism Marketing Market Hospitality 92

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

SiteMinder

MAY 14, 2023

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.” Adapting to COVID-19 Despite the COVID-19 pandemic’s impact on travellers, Kirimaya continues to improve services to reassure customers.

Sales 97

Sales Revenue Yield Management Occupancy 97

Horizon Hospitality

JULY 10, 2024

Dynamic pricing, or yield management, involves adjusting room rates in real-time based on supply and demand, with the ultimate goal being to increase the Revenue Per Available Room ( RevPAR ). Channel Management Software will help manage room inventory across multiple online travel agencies (OTAs) and booking platforms.

Occupancy 52

Occupancy Revenue Yield Management Forecasting 52

SiteMinder

APRIL 25, 2024

The exact genesis of yield management (now revenue management) in the hospitality sector is hotly debated,” says Stuart-Hill. As the pandemic brought travel to a standstill and gave rise to “quarantine hotels”, revenue managers had to rethink their strategies, starting with technology, in order to sustain their businesses.

Revenue Management 111

Revenue Management Revenue Management Hotels 111

Xotels

DECEMBER 12, 2024

Whether youre struggling with visibility, grappling with high OTA commissions, or trying to boost direct bookings, this guide will give you actionable advice to refine your strategy and make it work for you. Focus on Direct Bookings: Optimize your website and offer incentives to encourage direct reservations, reducing reliance on OTAs.

OTA 40

OTA Global Distribution System Revenue Revenue Management 40

Experience Hotel

MAY 30, 2024

Part des OTA (Online Travel Agencies) La part des OTA dans les ventes de l’hôtel est un indicateur clé pour comprendre l’influence des plateformes de réservation en ligne sur le chiffre d’affaires. Cela nécessite une compréhension du Yield Management de la part des équipes pour agir efficacement.

KPI 52

KPI Yield Management Occupancy OTA 52

Xotels

APRIL 3, 2024

Also, gone are the days of selling the majority of your rooms through OTAs. Encourage Direct Hotel Bookings Encouraging customers to book directly should be a main priority included in your revenue management strategy. Focus on what leisure travellers want to add value to their stay.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Hotel Speak

OCTOBER 31, 2024

Despite positive experiences, many travellers are not returning to hotels they’ve enjoyed. To delve deeper into this issue, we spoke with Tony Marshall, VP Managing Director APAC at Agilysys. Your study highlights a “rebooking paradox” where only 37% of APAC travellers rebook despite 86% expressing high satisfaction.

Hospitality 74

Hospitality Revenue Yield Management Dining 74

Xotels

AUGUST 9, 2021

Originally, moreover, published rates were solely coming from third-party advertisers (such as OTAs), while the official websites were only visible thanks to a backlink to brand.com, not unlike TripAdvisor.com ‘s Business Advantage. . Google in Travel: Some History. But how did we get here? Why Is GHA so Important Now?

Market Share 52

Market Share Hotels OTA Cancellation 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

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.

Revenue Management 52

Revenue Management Revenue Resorts Management 52

eZee Absolute

OCTOBER 11, 2023

This advanced channel manager enabled the resort to efficiently distribute its inventory across multiple OTAs, ensuring maximum exposure. eZee Centrix empowered Sidus Galaxy Resort & Spa to streamline their operations and also ensure they sold rooms at the most competitive rates through intelligent yield management strategies.

Resorts 52

Resorts Management Sales Yield Management 52

SiteMinder

NOVEMBER 24, 2023

.” – Managing director of a hospitality consulting firm in Malaysia Pros: In my capacity as a revenue management consultant, I have used many different channel managers. SiteMinder definitely is my favourite channel manager as it’s easy to use, integrates with all the major OTAs and has very good customer service.

Revenue 52

Revenue Revenue Management Management General Manager 52