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.

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Revenue Management Revenue Management Upsell 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?

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Overbooking Cancellation Occupancy Closing 52

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

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). In the ever-evolving hospitality industry, staying competitive demands more than just offering great accommodations and service.

Revenue Management 83

Revenue Management Revenue Management Forecasting 83

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

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.

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Revenue Management Revenue Management Forecasting 75

eHotelier

FEBRUARY 20, 2024

Managing a profitable hotel requires a careful eye on your inventory. 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.

Revenue 52

Revenue Revenue Management Overbooking Management 52

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 98

Overbooking Revenue Management Revenue Management 98

Hotel News Resource

DECEMBER 7, 2023

When we think about revenue management, we often think of large cities, overbookings, big box hotels and a competitive marketplace. However, Rate Yield sat down with their loyal client, Manoir Belle Plage, to discuss what the revenue management software has done for them.

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Overbooking Revenue Management Revenue Management 45

STAAH

OCTOBER 15, 2024

Channel Manager Managing multiple distribution channels, from Online Travel Agents (OTAs) to direct bookings, can be complex without the right tools. A channel manager automates this process, syncing room rates and availability across all platforms, reducing the risk of overbookings or pricing discrepancies.

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Operations OTA Overbooking Revenue 84

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.

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Revenue Revenue Management Forecasting Overbooking 94

STAAH

SEPTEMBER 1, 2024

The challenge Before implementing STAAH, the group property faced challenges in managing online bookings efficiently. Coordinating availability across multiple channels was a cumbersome task, often leading to overbooking or missed opportunities. Additionally, manual updates and discrepancies in pricing caused a bit confusion.

Overbooking 88

Overbooking Revenue Management Hotels 88

Inn Quest

SEPTEMBER 5, 2023

Effective hotel inventory management relies on technology solutions like Property Management System s (PMS), Channel Managers, and Revenue Management Systems (RMS) to automate tasks, analyze data and make informed decisions. This prevents overbooking and rate disparities, enhancing the guest experience.

Management 87

Management Overbooking Revenue Hotels 87

STAAH

OCTOBER 15, 2024

Channel Manager Managing multiple distribution channels, from Online Travel Agents (OTAs) to direct bookings, can be complex without the right tools. A channel manager automates this process, syncing room rates and availability across all platforms, reducing the risk of overbookings or pricing discrepancies.

OTA 52

OTA Overbooking Revenue Management Revenue 52

STAAH

OCTOBER 13, 2024

STAAH provided a centralised way to set and update inventory and rates River Beach Resort & Residences now uses the STAAH channel manager’s real-time inventory and rates updates, which has helped resolved the price parity issues, overcome overbookings and streamline integrations for all channels.

Resorts 101

Resorts Operations Shopping Revenue 101

SiteMinder

JUNE 26, 2024

Revenue optimization vs revenue management In terms of definition and practice, there is a difference between revenue optimization and revenue management. Table of contents Why is hotel revenue optimization important? This ensures rate consistency and prevents overbooking.

Revenue 72

Revenue Revenue Management Upsell Global Distribution System 72

SiteMinder

JUNE 12, 2024

What is Yield Management? Yield management is a pricing and revenue management strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. Revenue management is the focal point for hotels in today’s climate.

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STAAH

NOVEMBER 19, 2024

STAAH, for instance, offers resources to help hoteliers grow their knowledge of distribution and revenue management. Whether it’s finding an alternative room when overbooked or handling a guest complaint gracefully, quick thinking and problem-solving make all the difference.

Hospitality 86

Hospitality Overbooking Services Management 86

Catala Consulting

SEPTEMBER 19, 2024

Overbooking and Room Management: Managing reservations, especially during peak seasons, presents a significant challenge to front office teams. Overbooking can lead to guest dissatisfaction and damage the hotel’s reputation. Looking to optimize both your front office and revenue management strategies?

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Overbooking Operations Revenue Management Management 52

Little Hotelier

OCTOBER 30, 2024

Look for a system that automates key operations like updating room availability, managing bookings, and processing payments. This will save you from the hassle of manual updates and reduce the risk of overbookings or missed payments. Choose a PMS that integrates with revenue management software and set it to update rates in real-time.

OTA 52

OTA Motels Upsell Overbooking 52

Hotel Business

MARCH 29, 2023

IDeaS , a SAS company, has introduced Automated Configuration for its G3 revenue management system (RMS), decreasing the initial configuration of G3 from weeks to as little as one day, depending on client needs and requirements. It’s like having another revenue manager on the team, analyzing the data 24/7.”

Revenue 52

Revenue Revenue Management Overbooking Forecasting 52

SiteMinder

JANUARY 30, 2023

Besral Sitorus, Cluster Revenue Manager of the hotel, expressed his satisfaction after relying on SiteMinder: “SiteMinder has a LOT of connections, which makes it easier for us to connect with valuable channels. The team was struggling to widen visibility via online channels with their previous technology solution.

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Average Daily Rate Global Distribution System Sales Management 98

SiteMinder

MAY 21, 2023

This eliminates manual updates, increases bookings and revenue, and eliminates concerns about overbooking or missing bookings. Booking data is quickly updated across all channels, allowing efficient management of hotel inventory and preventing overbooking or room shortages.

Resorts 98

Resorts Overbooking Yield Management OTA 98

STAAH

OCTOBER 15, 2023

STAAH channel manager solves connection priorities With already a plateful to manage; not to mention reduced staff post-Covid-19, the idea to automate room distribution and pricing management was a very attractive opportunity and something STAAH could easily manage.

Overbooking 87

Overbooking Occupancy Accommodation Resorts 87

STAAH

SEPTEMBER 9, 2024

With its previous technology partner, Sutton Hall was lagging behind in providing this seamless online experience to its guests, potentially affecting guest satisfaction and losing revenue. On the channel management front, overbookings and incorrect pricing were adding to the poor online experience for Sutton Hall.

Revenue 73

Revenue Overbooking OTA Revenue Management 73

eZee Absolute

OCTOBER 24, 2024

AI-Powered Revenue Management Systems Artificial Intelligence (AI) has swiftly moved from being a futuristic concept to a tangible reality, revolutionizing industries across the globe—including hospitality. This centralization not only streamlines operations but also reduces the risk of overbookings and discrepancies.

Hotels 52

Hotels Revenue Management Overbooking Revenue 52

Horizon Hospitality

JULY 10, 2024

Of course, technology will play a critical role in streamlining every step in the process above, starting with your Revenue Management System (RMS), which employs advanced algorithms to forecast demand and recommend optimal pricing. Let Horizon Hospitality help you find your next Revenue Management professional by clicking here.

Occupancy 52

Occupancy Revenue Yield Management Forecasting 52

STAAH

MARCH 31, 2024

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 93

Resorts Overbooking Hotels Revenue 93

Cloudbeds

APRIL 15, 2024

From checking in guests and entering reservations to managing rates and assigning rooms, many hotels still perform a lot of manual tasks. Oftentimes, these tasks overpower hotels’ ability to invest in proper guest communication, marketing activities, and revenue management , which significantly impacts performance and profitability.

Revenue Management 98

Revenue Management Hotels Operations Revenue 98

Cloudbeds

FEBRUARY 28, 2024

The reservation system acts as the central hub of the reservation ecosystem, which may also include a website booking engine, channel manager, and revenue management system. When integrated, these modules work together to help hotels manage room availability, distribution, reservations, and revenue. Guestcentric.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

STAAH

JULY 7, 2024

STAAH’s unified platform also allowed rates and inventory to be managed from a single dashboard for all properties. This has not just saved countless hours but has also reduced the risk of errors and overbookings , providing a seamless booking experience for guests.

Revenue 98

Revenue Overbooking Hotels Marketing Strategy 98

SiteMinder

MARCH 20, 2024

We had to navigate through the extranets of each channel, often leading to overbooking or missed revenue opportunities,” she explained.

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Revenue Branding Overbooking Operations 98

Hotelogix

SEPTEMBER 12, 2024

Third-party integrations : A PMS should integrate with key systems, such as channel managers, revenue management systems, and online reputation management tools. Mobile accessibility : Ensure the PMS offers mobile access to manage operations on the go. Efficiency and enterprise-level functionality are vital.

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Management Revenue Management Hotels Operations 52

Xotels

JANUARY 18, 2021

One of the components needed to apply a hotel revenue management is market segmentation. As a revenue manager or hotelier, your hotel market segmentation shall help to identify the purpose of the trip: either business or leisure. Overbooking (from another hotel). What is Hotel Market Segmentation?

Hotel Marketing 40

Hotel Marketing Market Marketing Revenue Management 40

STAAH

MAY 7, 2023

We would highly recommend STAAH for any hotel looking to streamline their online distribution, direct bookings and revenue management strategy,” adds Robert. Combined with real-time updates, this has meant time-saving for the Airways team along with reduced risks of overbookings and rate parity issues.

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Overbooking General Manager Revenue Hotels 81

Hotel Business

MARCH 14, 2024

Furthermore, AI can facilitate predictive analytics to forecast demand patterns accurately, allowing hotels to allocate resources efficiently and optimize inventory management. This proactive approach minimizes the risk of overbooking or underutilization of rooms, ultimately improving revenue management and operational efficiency.

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Overbooking Revenue Upsell Services 59

SiteMinder

AUGUST 6, 2024

Rate parity and inventory management difficulties Andreas highlighted rate parity as a recurring challenge for the resort, which sells across a number of different and diverse booking channels. “The incidence of double bookings or overbookings is very low now,” Andreas explained.

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Overbooking Resorts Operations Management 52