Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Hotel Management

SEPTEMBER 19, 2024

We focus on sustainable growth that maximises value and ROI for our partners. This transformation has fortified our superior revenue management and IT systems, giving us a unique competitive edge. Our strategy is centered on performance and driven by a tailored and supportive approach with our owners.

Revenue 147

Revenue Hotels Operations Marketing 147

Hotel Business

JANUARY 17, 2023

On the business side, we talk about PMS, revenue management software and marketing automation. Every piece of your tech stack must deliver a positive ROI to your bottom line—that’s a given. This can be as important to your bottom line as technology that impacts costs or revenue streams.

ROI 116

ROI Hiring Hotels Business 116

Hotel Business

MARCH 16, 2023

This is especially so for revenue management systems and its impact on the hotelier’s business. This has been primarily led by a recognition that how hotel organizations operate has undergone systemic changes due to a multitude of micro and macroeconomic forces.

Revenue Management 52

Revenue Management ROI Revenue Forecasting 52

Hotel Business

JANUARY 8, 2024

“Providing a best-in-class client experience is one of the key drivers for our global teams,” said Sanjay Nagalia, cofounder/COO, IDeaS, said, “Effective implementation, training, and system adoption are crucial for our clients’ day-to-day work and ensuring they gain the most ROI from our solutions.

Revenue Management 59

Revenue Management ROI General Manager Events 59

Hotel Speak

AUGUST 13, 2024

Not only does a hospitality-focused CRM help manage guest profiles from a variety of business units, it enables hotels to drive ancillary revenue throughout the digital guest journey and from returning guests. A specialist CRM reduces implementation costs and generates ROI sooner.

Ancillary Revenue 102

Ancillary Revenue Hotels Revenue Operations 102

Hotel Business

OCTOBER 10, 2024

Previously holding the title of VP, revenue analytics, He led the revenue management teams and strategies for First Hospitality’s full-service hotels. He has more than 20 years of experience in the hospitality industry, with the past decade focused primarily on revenue strategy.

Hospitality 59

Hospitality ROI General Manager Revenue 59

SiteMinder

SEPTEMBER 10, 2023

While it can be difficult to precisely predict revenue, effective revenue management is a key part of creating a hotel budget. Once you have a complete overview, allocate funds to different departments based on strategic priorities and expected ROI. Include timelines and expected ROI for each project.

Revenue 59

Revenue Revenue Management Hotels Average Daily Rate 59

Hotel Business

NOVEMBER 15, 2022

Prior to Blackstone, he served as CFO of The Americas at Hilton, leading all aspects of the operational finance organization, including performance reporting, operating and capital budgeting, cash flow management, forecasting and ROI analysis.

Real Estate 59

Real Estate ROI Operations Forecasting 59

Hotel Speak

APRIL 12, 2023

The team analyzes market trends and sub-market segmentation to understand the optimal room product, hotel positioning, and most efficient method to deliver maximum ROI. We caught up with Suzanne Swafford, SVP of Revenue Management, Tishman Hotel Corporation, to find out what she thinks are the challenges and trends to look out for in 2023.

Revenue Management 52

Revenue Management Revenue Real Estate Hotels 52

Hotelogix

JUNE 10, 2024

We have witnessed firsthand the evolving landscape of hotel revenue management. Dynamic pricing strategy in hotels allows hoteliers to optimize revenue by ensuring room rates accurately reflect market conditions and consumer behavior. Mobile Access : Consider if the software offers mobile access for on-the-go management.

Revenue 52

Revenue Occupancy ROI Revenue Management 52

Hotel Business

NOVEMBER 9, 2023

In contrast, others certify general industry skills, such as the American Hotel & Lodging Educational Institute’s Certified Hospitality Sales Professional (CHSP) for recognizing marketing and revenue management skills. But has the training associated with these changes kept pace?

Hospitality 72

Hospitality Hiring Sales Revenue Management 72

Fuel Travel

MARCH 28, 2024

Optimizing Revenue per Available Room (RevPAR) is one of the key focuses of most hoteliers. Navigating the complex world of revenue management requires innovative solutions. While dedicated revenue management software is a component of this process, all of your technology must work together to increase your bottom line.

Revenue 91

Revenue Average Daily Rate Occupancy Digital Marketing 91

SiteMinder

OCTOBER 16, 2023

It’s an essential part of a successful revenue management strategy and is implemented via the use of data and pricing intelligence tools. Hoteliers are able to combine historical data with real-time insights to get a full picture of their revenue management opportunities. What is pricing intelligence?

Forecasting 59

Forecasting Revenue Management Revenue Hotels 59

TravelNet

AUGUST 28, 2023

In fact, simplifying your tech stack might be the best way to maximize ROI from your technology investments. But ROI aside, there’s a practical reason to consolidate that you probably never considered: less switching between apps and windows. Consolidating technology is not the wave of the future—it’s already here.

Average Daily Rate 52

Average Daily Rate ROI OTA Revenue Management 52

Hotel Speak

AUGUST 18, 2023

We welcome them to our growing client base in the United States and will assist them in witnessing the desired ROI at the earliest.” Through our distribution brand AxisRooms, we also offer Channel Manager and Revenue Management solutions.

Motels 52

Motels Operations OTA ROI 52

Hotelogix

JANUARY 19, 2025

Revenue Management: A Smarter Approach Revenue management tools analyze real-time data to optimize pricing strategies for every season. By integrating revenue management with social media campaigns, you can spotlight limited-time offers that attract more guests.

Hotel Marketing 40

Hotel Marketing Market Marketing Hotels 40

eZee Absolute

JANUARY 3, 2025

With a 2024 report showing that email marketing has an average ROI of 4200%, its clear this tool is here to stay. Our Cloud-based Property Management System (PMS) simplifies daily tasks, while our Revenue Management System (RMS) maximizes profitability by optimizing pricing. Because people still check their emails.

Marketing 52

Marketing Market Marketing Strategy Email Marketing 52

Hotelier Magazine

MAY 4, 2023

Data remains a top priority as hotels leverage it to optimize targeted marketing, personalization, and revenue management. GS: Guest experience and ROI. How can we improve the guest experience, while also driving our ROI on any new innovation?

Operations 105

Operations Hotels Services ROI 105

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. The cost of implementation, including training and maintenance, needs a thorough cost-benefit analysis to ensure ROI.

Hotels 59

Hotels Revenue Management Overbooking Revenue 59

Amadeus Hospitality

NOVEMBER 12, 2024

Hoteliers are recognizing the immense value that data brings to their business, from understanding drivers of demand to developing effective revenue management strategies. But the big question is – how willing are they to invest in new technology?

Business 52

Business Average Daily Rate Hospitality Ancillary Revenue 52

Cloudbeds

SEPTEMBER 18, 2024

This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. Revenue management Aside from accounting , revenue management may be the most data-heavy department in hotels. Revenue management KPIs. Marketing KPIs.

Operations 40

Operations Revenue Management Occupancy Revenue 40

Catala Consulting

JULY 13, 2022

Instead, you can reduce the percentage you allocate to non-producing channels and reallocate resources to those channels that drive the high ROI. There is software for housekeeping, property management, online booking, revenue management, guest relationships, point-of-sale, etc.

Operations 52

Operations Hotels Revenue Revenue Management 52

Hotel Speak

JULY 26, 2024

Streamlined Operations: AI algorithms can analyse vast amounts of data to optimise room pricing and inventory management based on factors like demand, historical purchase data, and timing. This optimisation translates into increased revenue and cost savings for hotels.

Operations 103

Operations Hospitality Marketing Market 103

Xotels

DECEMBER 12, 2024

Trust me, as the CEO of a revenue management consulting company, I can tell you that a balanced and strategic mix of channels is essential to maximize your hotels visibility, profitability, and allows you to attract and convert the right guests. Have you ever wondered what makes a hotels distribution strategy truly effective?

OTA 40

OTA Global Distribution System Revenue Revenue Management 40

Travelboom Marketing

JUNE 10, 2024

The new profit optimization goals within PMAX allow advertisers to focus on their return on investment (ROI) rather than only revenue. Profit Optimization in Performance Max Campaigns Google’s latest updates to Performance Max Campaigns may cause any hotelier to rethink their PPC bidding strategy.

Cost Per Click 52

Cost Per Click Small Business Marketing Market 52

Little Hotelier

MAY 11, 2023

Revenue management The software often includes revenue management tools, providing insights and recommendations on pricing strategies, which can help maximise revenue by adjusting room rates based on demand, seasonality, and local events. Easy listing management.

Management 59

Management Revenue Revenue Management OTA 59

eZee Absolute

SEPTEMBER 11, 2023

But to my surprise, Arjun said he was living his dream as his hotel’s ROI is always high! Dynamic pricing is an important aspect of revenue management and is one of the most innovative hotel pricing automation technologies that hoteliers cannot miss. I thought he was joking at first but then he spilled the beans.

Revenue 59

Revenue Hotels Revenue Management Marketing 59

Cloudbeds

OCTOBER 17, 2024

Here we break down strategies to maximize ROI on direct channels. Customer relationship management (CRM) system Your CRM is the primary source for aggregated information on guests, such as reservation behavior, preferences, and spending patterns.

OTA 76

OTA Occupancy Hotels Revenue 76

Hotelogix

FEBRUARY 22, 2024

It would be best to migrate to a better cloud solution when you realize that your existing system can't integrate with other third-party solutions, like a Channel Manager, Booking Engine, Revenue Management System, etc., critical for 360-degree hotel operation.  All

Management 52

Management Hotels Operations ROI 52

Cloudbeds

JUNE 8, 2023

Once you know exactly how much revenue each OTA generates for you, you can develop a channel mix that delivers the highest ROI. With a channel manager, you can set different pricing and availability on a per-channel basis, so you have full reign over how you sell your property. Greater control over your rates and availability.

Management 98

Management Hotels Revenue Digital Marketing 98

Hotelogix

AUGUST 27, 2024

  Follow these strategies to leverage technology effectively:  Channel Management Systems: Implement robust channel management systems that centralize inventory and rate management.   Revenue Management Systems: Utilize revenue management systems to optimize pricing and yield across various channels.

Global Distribution System 52

Global Distribution System OTA Revenue Hotels 52

Travelboom Marketing

NOVEMBER 7, 2023

From marketing to operations to revenue management, your SWOT analysis should evaluate all aspects of your hotel. They don’t necessarily take place every year and don’t always have a direct ROI. Don’t skip this step! Further, be sure to include a broad range of departments.

Hotel Marketing 96

Hotel Marketing Market Marketing OTA 96

Travelboom Marketing

APRIL 25, 2024

Lifetime Value Analysis: Calculate the long-term value of customers acquired through various channels for more accurate ROI calculations. This holistic view provides more comprehensive insights into guest behaviors and business performance.

Marketing 52

Marketing Market Revenue ROI 52

Cloudbeds

JULY 15, 2023

For growing hospitality businesses, a channel manager is a fundamental part of successful revenue management and distribution strategy. In this guide for hospitality professionals, you’ll learn all about Channel Managers, from how they work to what makes great software for your business specifically.

Management 76

Management OTA Cancellation Overbooking 76

Xotels

AUGUST 9, 2021

Google is taking the hotel industry by storm to gain market share and grow their advertising revenues. We will take a look at how Google is penetrating the hotel distribution vertical with Google Hotel Ads, and what opportunities this gives in terms of hotel revenue management and marketing. From Hotel Finder to GHA.

Market Share 52

Market Share Hotels OTA Cancellation 52