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

SiteMinder

AUGUST 26, 2024

The switch to SiteMinder was driven by the need for quick integration and to avoid overbookings as the number of rooms, and volume of reservations, increased. With a single unified platform that incorporates a whole range of powerful features, SiteMinder delivers hoteliers both control over their business and easy ways to maximise revenue.

Resorts 52

Resorts Overbooking Revenue Upsell 52

STAAH

OCTOBER 18, 2022

These communications become a fantastic opportunity to upsell your services. 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 2 Allow perosnalisation. 4 Smooth check-in.

Revenue 88

Revenue Upsell OTA Overbooking 88

Fuel Travel

JULY 11, 2024

It cuts out middlemen, ensuring the best rates for guests and higher hotel revenue. It also prevents overbooking and keeps everything in sync, allowing guests to tailor their stay preferences and enhance their experience. This allows you to optimize rates and sell relevant deals to boost revenue and occupancy.

Upsell 52

Upsell Overbooking Hotels OTA 52

Little Hotelier

OCTOBER 30, 2024

This will save you from the hassle of manual updates and reduce the risk of overbookings or missed payments. Revenue management integration For properties working with global distribution systems (GDS), a property management system and GDS integration can help maximise exposure. Streamlined operations.

OTA 52

OTA Motels Upsell Overbooking 52

Hotel Speak

OCTOBER 10, 2024

By combining Cloudbeds’ innovative property management system (PMS) with STS Cloud’s robust event management and sales capabilities, hoteliers can prevent overbookings, optimize room and event inventory, and deliver personalized service to win more deals.

Events 83

Events Sales Operations Sales Process 83

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

Cloudbeds

OCTOBER 9, 2024

New partnership streamlines group bookings, event management, and catering to boost hotel efficiency and revenue Charleston, SC –SalesAndCatering.com and Cloudbeds have announced a two-way integration that will empower hotels, resorts, and conference centers to optimize hotel group sales and event management.

Events 59

Events Sales Operations Sales Process 59

SiteMinder

JUNE 12, 2024

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. Over time, these roles matured and transformed, giving birth to the modern-day revenue or reservations managers.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Hotel Business

MARCH 14, 2024

This level of personalization not only improves user satisfaction and loyalty, but it increases conversion rates and revenue for hotels. This proactive approach minimizes the risk of overbooking or underutilization of rooms, ultimately improving revenue management and operational efficiency.

Overbooking 59

Overbooking Revenue Upsell Services 59

Hotel Speak

JULY 24, 2024

Effective hotel distribution strategies enable hotels to target the right audience, optimise occupancy rates, and enhance revenue management. Hotel distribution is a multifaceted domain which presents significant opportunities for growth and revenue optimisation and remains underutilised by the industry.

OTA 79

OTA Hotels Revenue Revenue Management 79

Cloudbeds

APRIL 8, 2024

It can be customized to fit your brand, cater to international audiences with multi-language and currency options, and offer add-ons or upsells to help you increase revenue. Upsells and add-ons. Increase revenue and profitability An integrated booking engine is a game-changer for increasing revenue and overall profitability.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

SiteMinder

SEPTEMBER 4, 2023

After 12 years in operation, we recently spoke to Corporate Director for Revenue & Digital Distribution Pawarisa Hirantanes about the group’s journey and its satisfaction with SiteMinder as a technology partner. Further to that, it opens up opportunities to unlock more revenue for the business.

Operations 98

Operations Revenue Hotels OTA 98

SiteMinder

NOVEMBER 14, 2023

It not only facilitates direct bookings but also integrates with a vast array of distribution channels, ensuring hotels maximise their reach and revenue. While some of Lodgify’s pricing tiers offer tools for rate management, SiteMinder’s breadth of features and data-driven approach gives it an edge in boosting room revenue.

Revenue 52

Revenue Revenue Management Upsell OTA 52

eZee Absolute

FEBRUARY 7, 2024

Of course, making the right decision will have a huge influence on your business in terms of efficiency and revenue. Maintaining rate parity, real-time inventory, handling overbookings and under-bookings, and whatnot! It is the right technology in business that produces ROI. But then, ever wondered how much it’s worth?

Upsell 59

Upsell Hotels Overbooking Revenue 59

SiteMinder

NOVEMBER 20, 2023

Its platform is designed to maximise revenue, not just through increasing bookings but by offering tools that enhance the guest experience, streamline operations, and provide actionable insights. Here’s a detailed comparison: Revenue generator Both Eviivo and SiteMinder offer tools designed to enhance hotel revenue.

OTA 59

OTA Revenue Management Overbooking 59

Hotel Speak

JULY 4, 2023

They can work with a hotel channel manager to ensure real-time distribution of rates and inventories across OTAs for better visibility, more sales, and zero overbookings. Look at today’s AI-powered revenue management tools. It ultimately increases their profitability by maximising revenue and occupancy.

Hotels 52

Hotels Revenue Revenue Management Occupancy 52

AskSuite

JULY 20, 2023

Hotel management can be quite complex, picture the everyday hustle, ensuring each room looks spotless, managing bookings, creating new revenue opportunities…. It begins with laying out realistic targets, then on-point upselling and cross-selling, culminating in the art of tailoring unique sales alternatives.

Management 52

Management Business Upsell Marketing Strategy 52

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. Generate more revenue.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

Cloudbeds

APRIL 15, 2024

Oftentimes, these tasks overpower hotels’ ability to invest in proper guest communication, marketing activities, and revenue management , which significantly impacts performance and profitability. It’s happening in every department, from the front office to accounting, marketing, revenue management, and food and beverage.

Revenue Management 98

Revenue Management Hotels Operations Revenue 98

Hotelogix

JANUARY 18, 2024

  Entice more audience: Since the booking happens on your website, you can roll out special offers and upsell relevant services to attract more guests.  It's about enhancing the guest experience and boosting your revenue. It adds to your increased profit margins. In other words, you can lower your cost of distribution. 

Overbooking 52

Overbooking Hotels Upsell Services 52

SiteMinder

SEPTEMBER 6, 2023

The more you can funnel guests through your own website, the more you retain full control over the revenue and the guest experience. Any hiccups or delays can lead to booking abandonment, leaving potential revenue on the table. But it’s not just about the bottom line.

Hotels 98

Hotels Revenue Occupancy Services 98

Hotelogix

SEPTEMBER 22, 2024

Financial Management and Revenue Optimization Keeping track of your finances is crucial for any small resort. A resort management system can help you manage your budget, track revenue, and automate tasks like billing. Revenue Management : It adjusts room rates based on demand, helping you maximize profits.

Resorts 52

Resorts Management Operations Revenue 52

eZee Absolute

SEPTEMBER 26, 2024

No-shows are a recurring challenge in the hospitality industry, but with the right strategies, hotels and resorts can minimize their impact and maximize revenue. In this blog, we’ll explore the concept of no-shows in hotels, their impact on revenue and operations, and discuss effective policies to mitigate their effects.

Cancellation 52

Cancellation Hotels Revenue OTA 52

Hotelogix

OCTOBER 18, 2024

Reservation Management: Effectively managing reservations ensures that the hotel maintains high occupancy levels while minimizing overbooking issues. Importance of Upselling: Training staff to suggest additional menu items can enhance the dining experience and boost revenue.

Operations 52

Operations Management Hotels Services 52

Hotelogix

MAY 16, 2024

Sell more rooms: With increased online visibility, you can drive more bookings while eliminating overbookings and guest dissatisfaction.    Boost revenue: Make the best use of an upselling/cross-selling strategy. Configure and promote targeted packages/add-ons to attract guests, sell more, and earn more.

Operations 52

Operations OTA Hotels Revenue 52

Hotelogix

OCTOBER 19, 2023

It also helps hotels avoid stock-out situations and eliminate revenue loss that could arise due to item theft or damage.  They include history and forecast reports, hotel revenue reports, hotel reservation reports, night audit reports, MIS and manager flash reports, and many more.

Hotels 52

Hotels Revenue OTA Management 52

Clock Software Hospitality

NOVEMBER 24, 2020

The same goes with the reverse, late cancellations are automatically relisted, allowing the hotel to optimise its revenue potential. By preventing overbookings, independent hospitality providers are allowing their establishments to seem more exclusive and in turn, increase their value on the hospitality market.

Upsell 52

Upsell Hotels Accommodation Events 52

StayNTouch

NOVEMBER 16, 2022

Leveraging Technology to Drive More Bookings for Your Hotel By Justin DeRise The foundation of any hotel sales and revenue strategy lies in its distribution channels. Automating channel management can save enormous amounts of time and money, but it can also minimize instances of overbooking, which can strain operations and alienate guests.

OTA 52

OTA Hotels Revenue Overbooking 52

Clock Software Hospitality

NOVEMBER 3, 2020

But as you know it is often easy to book out, if you go low enough with room rates, that said, booking out does not necessarily translate to improved revenue or guest loyalty. Having complete control over occupancy 24/7 will certainly cut down on the manpower it takes to keep inventory in order and prevent unwanted overbookings.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

Cloudbeds

JULY 15, 2023

For growing hospitality businesses, a channel manager is a fundamental part of successful revenue management and distribution strategy. It’s an automatic, seamless two-way flow that keeps everything synced and virtually eliminates the risk of overbookings or mistakes like inaccurate rates.

Management 76

Management OTA Cancellation Overbooking 76

SiteMinder

OCTOBER 11, 2022

Cloud-based technology can handle all these tasks with ease because of its ability to deeply integrate with channel managers, booking engines, and revenue management systems. Manage your revenue. A PMS also significantly reduces the risk of overbooking your rooms, directly improving the guest experience at your property.

Hotels 52

Hotels Management Revenue Management Revenue 52

Cloudbeds

JUNE 8, 2023

This year, more properties will invest in technology to help create new revenue opportunities, build better websites , manage marketing campaigns, automate services, and improve the guest experience. To keep it simple, we’ll only consider room revenue. At full occupancy , that’s $6,375 in potential revenue each day. in revenue.

Management 98

Management Hotels Revenue Digital Marketing 98