STAAH

APRIL 9, 2024

All employees are revenue management ambassadors for their organisations. Everyone contributes to the revenue success of a business in both direct and non-direct ways. The impact of operational performance on revenue cannot be overlooked.

Revenue 105

Revenue Operations Revenue Management Upsell 105

Travelboom Marketing

MAY 24, 2024

Hotel revenue management strategies make the most of hospitality budgets by connecting the right guests with the best offer at the optimal time. Read on for a list of proven hotel revenue management strategies that work when you need to turn a profit.

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Revenue Management Revenue Management Cost Per Click 52

Xotels

APRIL 3, 2024

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenue management to more advanced practices and strategies.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

AskSuite

MARCH 11, 2024

How can you provide the best customer service in hotels during pre-stay ? As you can see, your hotel customer service is crucial to converting these online visitors into guests. Many articles talk about the customer service during stay, but what about the assistance provided before booking ?

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Services Hotels Sales Travel 98

Catala Consulting

JANUARY 18, 2024

In the dynamic world of hospitality, the UK market stands out as a beacon of innovation and adaptation, particularly in the realm of hotel revenue management. This article explores the top trends in hotel revenue management, yield management, and revenue management in the UK, offering insights and strategies for hotel professionals.

Revenue Management 52

Revenue Management Revenue Management Market 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

eZee Absolute

MAY 7, 2024

But hotel revenue management can be your secret wand. Revenue management is about more than just the right pricing. It’s about knowing what guests need, predicting bookings, and adjusting rates to make more revenue. In the ever-competitive world of hospitality, staying ahead can be a real challenge.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

Catala Consulting

FEBRUARY 19, 2024

This is particularly true in the dynamic field of revenue management, where personalization can make or break the customer experience. This blog post delves into the essence of hyper-personalization and its transformative impact on revenue management strategies across various industries.

Revenue Management 52

Revenue Management Revenue Management Business 52

Cloudbeds

NOVEMBER 15, 2024

If there’s a sudden change, for example, an influx of last-minute bookings hits the system, the platform can enable revenue managers to adjust room rates dynamically to maximize revenue. DI can also be more proactive and suggest upsells tailored to guest profiles and booking patterns. Why it’s important for hotels?

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Upsell Occupancy Revenue Management Revenue 99

STAAH

MAY 16, 2023

Hotel room pricing is a critical element of revenue management for hotels. Hotel managers and revenue managers use data analysis and revenue management tools to determine the optimal price for each room based on various factors such as occupancy rates, booking trends, and competitor rates.

Revenue Management 96

Revenue Management Occupancy Upsell Revenue 96

Hotel Speak

JUNE 22, 2023

With this seamless and end-to-end integration, Hotelogix aims to help hotels efficiently upsell and increase direct bookings for more revenue. It will, in turn, help hotels identify the guests’ spending patterns and present them with upselling opportunities.

Upsell 59

Upsell Revenue Hotels Online Marketing 59

The Cosmos

JANUARY 23, 2023

Hotel revenue management is an important tool for hoteliers to use in order to maximize profits and remain competitive in a crowded industry, but it is a complex machine. This blog delves into hotel revenue management : what it is, how it works, and the critical role it plays in a hotel’s overall success.

Revenue Management 52

Revenue Management Revenue Business Management 52

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? Included in this will be key metrics, forecasting models, and trending insights.

Revenue 72

Revenue Revenue Management Upsell Global Distribution System 72

SiteMinder

SEPTEMBER 19, 2022

They improve your ability to know what guests want and to provide the appropriate services. The tradition of limiting service and interaction to just your hotel staff and physical property is being outgrown by the ability of technology to automate and make many processes easier for guests. Beonprice – Revenue management.

Management 97

Management Upsell Hotels Revenue 97

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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Yield Management Management Revenue Management Revenue 98

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

STAAH

JANUARY 16, 2024

There is no set formula to increase a hotel’s revenue, it can be achieved by creating a good promotion plan, tapping into sources of ancillary revenue , upselling and other marketing strategies. Optimise ancillary revenue. The same goes for other services such as early check-in, buffet breakfast, parking, etc.

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Revenue Ancillary Revenue Revenue Management Hotels 97

Hotel Business

MARCH 5, 2024

Travel sellers have access to enhanced data sharing and revenue management, while hotels benefit from enhanced customer experiences. Amadeus Value Hotels equips leisure travel sellers with a range of exclusive prepaid net rates and allows sellers to set their selling prices to optimize revenue.

Travel 72

Travel Upsell Revenue Revenue Management 72

Hotelogix

AUGUST 6, 2024

Moving from merely managing hotel revenue to maximizing profit is a critical transformation that ensures your property's long-term success. This shift requires a comprehensive approach integrating cost control, strategic marketing, and top-notch guest services. Read Also: What is Dynamic Pricing in Hotels?

Revenue 52

Revenue Management Upsell Target Marketing 52

Little Hotelier

OCTOBER 13, 2024

What is hotel customer service? Hotel customer service is support provided to guests by hotel staff, in order to meet their needs, enhance their experience and ensure satisfaction during their stay. There’s an opportunity to offer great customer service whenever a member of staff interacts with a guest.

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Services Hotels Travel Consumer 52

STAAH

DECEMBER 12, 2023

During peak holiday periods, consider adopting a revenue management system that factors in various parameters such as historical booking data, competitor pricing, local events, and even weather forecasts. This not only adds value for guests but also allows hotels to upsell services and capture diverse customer preferences.

Target Marketing 92

Target Marketing Cancellation Forecasting Revenue 92

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.

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Revenue Management Hotels Revenue Operations 98

Hotel Business

SEPTEMBER 5, 2024

Whereas, Diamo will intensify its efforts in leveraging technology to make advanced revenue management strategies, along with high-return digital marketing tactics, accessible to independent lodging properties. Custom booking engine: A cohesive and upsell-focused booking platform that integrates seamlessly with the hotel’s brand.

Revenue Management 59

Revenue Management Digital Marketing OTA Revenue 59

Hotel Speak

JANUARY 25, 2024

He added, “Hoteliers are becoming more creative with the amenities and spaces they offer their guests and in the last year alone, we’ve seen a significant increase in properties selling additional bookable services. of guests added an upgrade to their reservation while checking in, with an average upsell value of $48.

Average Daily Rate 79

Average Daily Rate Revenue Travel Upsell 79

Cloudbeds

MARCH 3, 2023

A POS system lets you quickly process and record transactions across your property to improve the guest experience, streamline operations , and conduct better revenue management. Expanded service. Wherever guests are, your team can maximize incremental revenue opportunities. Upselling opportunities.

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Sales Hotels Revenue Services 98

Cloudbeds

AUGUST 12, 2024

For example, if your RMS (revenue management system) is not integrated with your PMS, you may find yourself manually updating room rates, negating the efficiency gains these technology solutions are meant to provide. With a mass influx of point solutions targeted at solving specific problems (ie., Learn more 8.

Hotels 98

Hotels Operations Revenue Management Revenue 98

Hotel Business

NOVEMBER 21, 2024

IHG Hotels & Resorts has named HotelKey’ s technology platform as its first approved cloud-based property management system (PMS) solution for limited-service brands in the U.S. HotelKey’s solution provides hotel owners and operators with turnkey property management, according to the company.

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Upsell Revenue Management Resorts Closing 59

Hotel Business

JANUARY 24, 2024

” He added, “Hoteliers are becoming more creative with the amenities and spaces they offer their guests and in the last year alone, we’ve seen a significant increase in properties selling additional bookable services. .” ” For the U.S. Online check-ins and upgrades continue to increase.

Upsell 59

Upsell Occupancy Travel Revenue 59

Little Hotelier

OCTOBER 17, 2023

What is hotel revenue? Hotel revenue is the income your business earns from selling rooms or other products and services to guests. While revenue is mostly generated from selling your rooms, you can also collect revenue from your amenities such as a bar, restaurant, gym, or spa.

Revenue 100

Revenue Hotels OTA Ancillary Revenue 100

Cloudbeds

DECEMBER 4, 2024

Using technology, hotels can facilitate a seamless booking experience, making it easy to reserve spa services in advance or off a last-minute whim. A spa management system transforms every touchpoint into a memorable experience. It makes it easy for guests to book the services they want, giving them control over their stay.

Revenue 52

Revenue Upsell Operations Services 52

SiteMinder

OCTOBER 1, 2024

Here are a few concrete examples of how automation can transform your hotel’s operations: Automated check-in and mobile key access : Implementing self-service kiosks or mobile check-in systems allows guests to skip long wait times at the front desk. Table of contents Why is hotel automation the next big thing in hospitality?

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Upsell Revenue Revenue Management Hotels 52

Hotel Speak

JUNE 6, 2024

SHR is key to the vision of becoming a one-stop shop for the full range of hospitality property management, operations, and front-of-house tools. With revenue of over £1bn, The Access Group has more than 7,000 employees worldwide and provides software solutions to over a dozen other sectors.

Revenue 83

Revenue Hotels Operations Casinos 83

eZee Absolute

NOVEMBER 18, 2022

Revenue management. Hotel management system. Gone are those days when you’d have an in-person conversation with your guests to update them about their booking, the services they can avail of, and upsell to them. Revenue management. I cannot emphasize enough the importance of revenue management.

Revenue Management 75

Revenue Management Revenue Hotels Sales 75

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. How robust is the knowledge base for self-service learning and troubleshooting? Travelers crave experiences.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

Amadeus Hospitality

JUNE 9, 2023

Katie Moro, VP Data Partnerships, BI & Data Products will speak at the co-located HSMAI ROC conference , on a panel addressing Evolving Consumer Segments: Insights for Revenue Management on Wednesday, June 28 at 10:30 am. Schedule a meeting with us at HITEC here. How can hoteliers face these new trends head on?

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Travel Hospitality Events Operations 98

Hotel Business

JUNE 7, 2024

market and service larger hotel groups, which often have more complex distribution needs than smaller boutique and independent operators. Rod Jimenez, CEO, SHR, added, “Access is already a leader in providing software and services to U.K. The acquisition of SHR—based in Houston—will enable Access to make further inroads into the U.S.

Casinos 59

Casinos Upsell Digital Marketing Revenue 59

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. This can entice guests to book at a higher rate while also increasing your overall revenue.

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Yield Management Upsell Hotels Ancillary Revenue 59