eZee Absolute

DECEMBER 7, 2023

Revenue management (RM) is supremely necessary for hotels. I kid you not, most of the hotels refrain from opting for any sort of revenue management services. The hotel revenue management myths that are swirling around are the real reasons hotels are so skeptical about it. Do not shy away from revenue management.

Revenue Management 98

Revenue Management Revenue Management Overbooking 98

Refine

OCTOBER 19, 2024

Imagine you're at the front desk, midway through a busy day, when you suddenly realize you’re overbooked. But overbooking doesn’t have to be chaotic. When done strategically, it can increase occupancy and revenue. Guests are still pouring in, but you know—awkward conversations and unhappy faces await you.

Overbooking 52

Overbooking Occupancy Revenue Business 52

SiteMinder

NOVEMBER 15, 2022

Hotel overbookings can be a divisive topic. Some hoteliers love using this strategy to boost their revenue and protect their property from losing out due to last-minute cancellations. However, you can minimise the risk of having to walk travellers if you have a solid overbooking strategy. What happens when a hotel overbooks?

Overbooking 52

Overbooking Cancellation Occupancy Closing 52

SiteMinder

MARCH 20, 2024

. “When I joined Neera Retreat, it was evident that the hotel owner was deeply committed to leveraging technology to enhance bookings and revenue across multiple channels,” she said. Better distribution, easier revenue growth What if you could boost your hotel's bookings and bottom line while also reducing your workload?

Revenue 98

Revenue Branding Overbooking Operations 98

STAAH

FEBRUARY 25, 2024

That was time-consuming for the team and opened the door to issues such as unintentional overbooking or lost revenue due to delayed rate updates. A 25% jump in online revenue Setting up the Sahid Hotels’ properties on STAAH was easy and well-supported by STAAH’s customer care team. STAAH fixed these issues.

Revenue 95

Revenue Resorts Overbooking Hotels 95

STAAH

APRIL 16, 2024

Hoteliers need to employ smart strategies to optimize revenue and profitability. One of the most powerful tools in their arsenal is a robust Revenue Management Solution (RMS). This enables hoteliers to adjust room rates dynamically to maximize revenue based on current market conditions.

Revenue Management 91

Revenue Management Revenue Management Forecasting 91

Xotels

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

STAAH

AUGUST 20, 2023

The Thai beach resort attributes the revenue surge to the efficiencies in online distribution and direct bookings via STAAH. They wanted a platform that was fast and performant – quickly updating inventory and rates across multiple online channels, minimising errors and overbooking. STAAH ticked all the boxes – and more.

Revenue 89

Revenue Overbooking Resorts Occupancy 89

SiteMinder

JUNE 26, 2024

What is revenue optimization? Revenue optimization in hotels is a comprehensive strategy that accounts for all revenue streams and uses data to enhance the overall revenue performance of the business. Table of contents Why is hotel revenue optimization important? Our smart hotel platform helps you do exactly that.

Revenue 72

Revenue Revenue Management Upsell Global Distribution System 72

eHotelier

FEBRUARY 20, 2024

You don’t want to sell your rooms too early at reduced rates because such spillage can drain your revenue. However, spoilage, overbooking, and overselling can also wreck your profits. Managing a profitable hotel requires a careful eye on your inventory.

Revenue 52

Revenue Revenue Management Overbooking Management 52

Hotel Speak

AUGUST 13, 2024

A robust sales distribution strategy is indispensable for hotels striving to maximise revenue and drive direct bookings. OTAs can drive booking volume, albeit at a high cost of acquisition (which can range from 15 – 30% commission), or hotels can maximise revenue by working with select niche partners to drive quality reservations.

Revenue 82

Revenue Sales OTA Average Daily Rate 82

SiteMinder

NOVEMBER 17, 2023

We recently chatted with Jon Murphy, Consultant Revenue Director supporting the Kaleidoscope Collection, about how the brand benefits from working with an industry-leading hotel commerce platform. Preparing the revenue pack for our weekly meetings is a big part of my role. But adding partners used to be challenging.

Revenue 98

Revenue OTA Overbooking Online Sales 98

Refine

JUNE 16, 2023

Analyses showed that hotels with a solid revenue management strategy came out of the Covid-19 crisis better than hotels without. In this article, you’ll learn how successful hoteliers handle pricing strategies during the post-covid era, and how to deal with spillage, spoilage, overbooking, and overselling.

Overbooking 89

Overbooking Revenue Management Revenue Management 89

STAAH

NOVEMBER 8, 2022

Like many other areas in travel and hospitality, revenue management has dramatically changed in the last two years. We spoke to leading revenue managers on what they think lies ahead. Revenue managers have had to up their ante on monitoring local trends and populace segments to get a better understanding of demand.

Revenue Management 84

Revenue Management Revenue Management Forecasting 84

SiteMinder

OCTOBER 26, 2023

Dallas, USA – Brittain Resorts & Hotels (BRH), a leading full-service hospitality management company, has adopted SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, as part of its newly-announced business intelligence technology matrix.

Revenue Management 81

Revenue Management Revenue Resorts Management 81

STAAH

SEPTEMBER 1, 2024

Improved online channel management capability and direct booking capability on the website streamlines distribution and increases revenue. Coordinating availability across multiple channels was a cumbersome task, often leading to overbooking or missed opportunities. It was known to be a performance driver for properties of any size.

Overbooking 97

Overbooking Revenue Management Hotels 97

STAAH

OCTOBER 18, 2022

Equally, for guests booking via other online channels, making sure your information, availability and rates are accurate is important to avoid overbookings that definitely leave a negative experience for guests. #4 Integration with your PMS and channel manager to ensure the website always reflects accurate information. 4 Smooth check-in.

Revenue 94

Revenue Upsell OTA Overbooking 94

STAAH

MARCH 17, 2024

The Indian hotel no longer struggles with the aftermath of manual inventory and rate management, including overbookings and loss of staff efficiency. This activity was time-consuming for the team and opened the door to issues such as unintentional overbooking or lost revenue due to delayed rate updates.

Overbooking 99

Overbooking OTA Revenue Upsell 99

STAAH

OCTOBER 13, 2024

The manual updates limited revenue strategies to be applied at room level, ultimately lowering the revenue potential for the business. It takes just a few clicks to ensure that the property’s entire inventory is accurately reflected and readily available to potential guests, driving increased bookings and revenue.

Resorts 108

Resorts Operations Shopping Overbooking 108

Inn Quest

SEPTEMBER 5, 2023

Hotel inventory management is the process of efficiently overseeing and optimizing a hotel’s available resources including rooms, services and facilities, to maximize revenue and guest satisfaction. Food and Beverage: Restaurants, bars and room service are vital revenue streams.

Management 87

Management Overbooking Revenue Hotels 87

Catala Consulting

MAY 17, 2024

Revenue management is a crucial aspect of the hospitality industry, focusing on maximizing income through strategic pricing, inventory control, and demand forecasting. These frontline employees are instrumental in shaping the guest experience, impacting occupancy rates, and ultimately driving revenue.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

Hotel Speak

JULY 4, 2024

July 3, 2024— DerbySoft , specialists in high-performance distribution services, announced a new partnership with IDeaS , a SAS company, provider of hospitality revenue management software and services, that strategically provides operational and revenue-enhancing benefits for hotels of all types.

Revenue 89

Revenue Revenue Management Forecasting Overbooking 89

STAAH

OCTOBER 15, 2024

A channel manager automates this process, syncing room rates and availability across all platforms, reducing the risk of overbookings or pricing discrepancies. Additionally, it provides valuable insights into booking patterns and performance across various channels, helping hotels make better decisions to optimize revenue.

Operations 93

Operations OTA Overbooking Revenue 93

STAAH

JUNE 11, 2023

The manual nature of updates limited the OTA partners they could work with as the risk of overbooking and other errors was very high, especially as they frequently have connectivity issues. By leveraging the data insights from STAAH, Bernardos has converted these opportunities into revenue. Find out more about this property here

Overbooking 96

Overbooking OTA Revenue Hotels 96

STAAH

DECEMBER 6, 2023

Drip Feed feature allows you to strategically control inventory across OTAs to maximise revenue and booking conversions. Sending zero inventory to channels when fully booked avoids overbooking. Flexibility to decide where to distribute inventory and at what price points for revenue optimization.

OTA 99

OTA Overbooking Cancellation Closing 99

STAAH

MAY 5, 2024

The powerful, but easy-to-use, features of STAAH have resulted in significant increase in online reach and revenue for the northeast Indian hotel. Coordinating availability across multiple channels was a cumbersome task, often leading to overbookings or missed opportunities.

Management 100

Management Overbooking Revenue Hotels 100

STAAH

JANUARY 22, 2024

They continue with its rich features that are designed to optimise revenue and support a modern revenue strategy with dynamic pricing and in-depth reporting that is rich in insights. Increased efficiency and revenue growth Now these processes have become a lot more efficient at JSK Mantanani.

Resorts 99

Resorts OTA Overbooking Revenue 99

SiteMinder

SEPTEMBER 6, 2023

While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. Boosted revenue : Late bookings often come with higher price tags, capitalising on the urgency of the guest’s needs. An occupied room, even at a discounted rate, is better than an empty one.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

Hotelogix

NOVEMBER 7, 2024

The right sales tactics can help increase revenue, boost occupancy rates , and ensure guests have a positive experience. By encouraging guests to book directly through your website, you can keep more of the revenue and build stronger relationships with your guests. Implement Dynamic Pricing for Optimal Revenue What is Dynamic Pricing?

Hotel Sales 52

Hotel Sales Revenue Sales OTA 52

SiteMinder

JANUARY 30, 2023

Table of contents SiteMinder solves online visibility woes Apart from providing the best service possible, hotels must not neglect the need to maximise their sales channels to boost revenue. Unfortunately this practice was difficult to achieve for Hanging Gardens of Bali. Fortunately, SiteMinder was able to change this.

Average Daily Rate 98

Average Daily Rate Global Distribution System Sales Management 98

STAAH

JULY 7, 2024

Unnecessary time spent on manual work, slow data entry and error-prone admin tasks is not only annoying, but detrimental to revenue performance. This has not just saved countless hours but has also reduced the risk of errors and overbookings , providing a seamless booking experience for guests. All good decisions are centred on data.

Revenue 106

Revenue Overbooking Hotels Marketing Strategy 106

SiteMinder

MAY 21, 2023

This has minimised revenue loss from vacant rooms while maximising our occupancy rates.” This eliminates manual updates, increases bookings and revenue, and eliminates concerns about overbooking or missing bookings. Previously, the resort handled all tasks manually, which was time-consuming.

Resorts 98

Resorts Overbooking Yield Management OTA 98

Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Why is Revenue Management Imperative for Resorts?

Revenue Management 52

Revenue Management Revenue Resorts Management 52

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 ). By ensuring rate parity and availability across channels, you can prevent overbooking and maximize exposure.

Occupancy 52

Occupancy Revenue Yield Management Forecasting 52

STAAH

MARCH 31, 2024

The results are evident in boosted revenue and staff efficiency. Delayed and failed updates to rates and availability was a common occurrence resulting in overbookings. Access to insights has encouraged revenue managers in the group to experiment with confidence, further fuelling the group’s revenue growth.

Resorts 102

Resorts Overbooking Hotels Revenue 102

SiteMinder

JUNE 8, 2022

As unpredictable as it can be at times (especially through the COVID-19 pandemic), forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions. What is hotel revenue forecasting? You need to use forecasting at your hotel to inform your pricing and revenue strategies.

Forecasting 52

Forecasting Revenue Average Daily Rate Average Length of Stay 52

Little Hotelier

APRIL 10, 2024

Automation brings freedom and peace of mind Even with just four glamping pods, having software in place to manage day-to-day tasks is crucial for time management and revenue optimisation. However, ensuring guests book directly is just as essential for revenue optimisation. Tracy states that Little Hotelier has been invaluable. “It

Revenue 52

Revenue Management Small Business OTA 52