Revenue Hub

JUNE 20, 2024

NB: This is an article from Northwind-Maestro Subscribe to our weekly newsletter and stay up to date Operators who fail to account for these guests are open to allowing negative reviews to color their property’s reputation, even if these sentiments can be addressed before guests leave. appeared first on Revenue Hub.

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Front Desk Operations Communication Information Accounting 108

Revenue Hub

APRIL 25, 2023

NB: This is an article from M3 Automated processes promote hoteliers to build financial and operational success within hotels that are necessary to remain competitive in the market. Manual Accounts Payable processes are one example of outdated processes that automation brings a solution to.

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Revenue Hub

MARCH 11, 2024

It is calculated by estimating the total profit generated by a customer for the entire duration of their patronage and takes into account how many repeat bookings they’ve made, gross revenue from the customer, and the length of the relationship (churn rate). The average time span across all your guest data gives you the mean duration value.

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Reservations Book Article Information 99

Revenue Hub

JULY 4, 2023

NB: This is an article from WebRezPro But as inflation and high flight prices persist, the revenge travel surge may start to wane. Reservations flow directly into your property management system from your OTA platforms, and availability is automatically updated across all channels.

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Pricing Reservations Property Management Article 88

Revenue Hub

MAY 24, 2023

NB: This is an article from Hotel Financial Coach That is what this piece is all about: How and why you should balance your hotel credit cards daily. Then the data is sent to the bank, and in turn back to you as cash (less the commissions) deposited directly to your bank account. OMG, can you imagine? Look how far we have come!

Accounting 91

Accounting Article Property Management Book 91

Revenue Hub

JUNE 28, 2024

Property Management Systems have revolutionized the way hotels operate, offering seamless booking experiences and personalized guest services. It’s time for us, as responsible PMS providers, to lead by example and demonstrate unwavering accountability in the handling of our guests’ most personal information.

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Information Article Training Server 101

Revenue Hub

OCTOBER 11, 2023

Overbookings can be stressful for the front desk and the guest, but you can manage them with ease if you have a proper plan in place. All channel managers and individual channels require careful setup. After all, if you’re overbooked, that means your property is full. appeared first on Revenue Hub.

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Book Article Accounting Property Management 111

Revenue Hub

JULY 19, 2023

While occupancy rate is essential for deciding whether your management strategies succeed or fail, there are a few things you should keep in mind regarding this KPI. So, when using the occupancy rate, you should be careful with it and take into account other measurements to get a fuller picture. Why track occupancy rate?

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Maintenance Article Pricing Scheduling 91

Revenue Hub

JUNE 13, 2024

NB: This is an article from Stayntouch Subscribe to our weekly newsletter and stay up to date Enter Attribute Based Selling, a booking strategy designed to allow consumers to build highly personalized stay experiences out of the individual building blocks comprising a hotel stay.

Book 87

Book Pricing Information Article 87

Revenue Hub

NOVEMBER 30, 2022

NB: This is an article from Staah. Get account-level projections. The sales team can provide estimates for room night production per account, by month if possible. Your property management system, revenue management, distribution, online booking system, etc. Read more articles from Staah.

Budgeting 93

Budgeting Pricing Accounting Article 93

Revenue Hub

DECEMBER 8, 2023

NB : This is an article from Infor Subscribe to our weekly newsletter and stay up to date The good news is that the outlook remains promising, with recent Expedia data revealing that almost half of people prioritize travel more now than they did pre-pandemic, and nearly 80% plan to embark on leisure travel into 2024.

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Travel and Tourism Procurement Maintenance Information 109

SiteMinder

JUNE 24, 2024

For hotel owners and operators, Atrápalo hotels offers an extranet that allows them to manage their listings, update availability, and access valuable insights to maximise their bookings and revenue. If you don’t have an account, you can create one by following the registration process. The setup was super easy. The answer is yes.

Book 52

Book Information Accounting Marketing 52

Revenue Hub

AUGUST 1, 2023

NB: This is an article from Cloudbeds , one of our Expert Partners The impact of automation and self-service were hot topics in hospitality circles long before ChatGPT was a thing, but when it gets mainstream coverage, it’s evidently on travelers’ minds. The resort’s website is like stepping into an adventure.

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Concierge Guest Services Article Book 97

Revenue Hub

NOVEMBER 30, 2022

NB: This is an article from IDeaS. This is accelerating a move from revenue metrics to net-revenue-centric metrics (after accounting for costs to acquire and/or service this revenue). These steps also begin a shift toward more long-term decision-making, where to date, revenue management has always been a short-term discipline.

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Reservations Pricing Book Accounting 94

InnQuest

NOVEMBER 21, 2022

In this article, we’ll explore more about consumer attitudes to travel post-pandemic and what that means for your property. Rates should be determined in real-time based on analytics that take into account numerous factors including supply and demand, customer loyalty, and competitor pricing.

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Housekeeping Book Pricing Property Management 130

Revenue Hub

JUNE 6, 2023

NB: This is an article from Hotellistat , one of our Expert Partners In general, TRM is a strategic approach to increase any revenue in the hotel. Customer relationship management (CRM) software provides support here. Property management systems (PMS), ideally with an open interface to export and analyze relevant data.

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Pricing Reservations Marketing Communication 72

Les Roches

JULY 9, 2024

That means a career in hotel management can open doors to a host of exciting opportunities and experiences. Familiarity with property management systems, online booking platforms and revenue management software is also seen as a prerequisite. How do I start a career in hotels?

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Housekeeping Customer Service Front Desk Operations Travel and Tourism 52

eZee Absolute

NOVEMBER 29, 2022

And in this article, I will help you with a complete guide that covers all the stages of running a perfect homestay business. You can also allow your guests to book your property right from your Facebook page or WhatsApp Business account. They can check out your property, book it, and even make payments. Communication.

Book 52

Book Communication Blog Definition 52

Revenue Hub

APRIL 29, 2024

Channel Manager for hotel software manages the real-time, safe, and secure online distribution of your hotel’s rooms. Read the full article at RateGain The post Why Channel Management is Critical for Hotel Growth appeared first on Revenue Hub. That’s where most of your guests are, so that’s why.

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Reservations Book Article Pricing 110

Xotels

APRIL 3, 2024

Start increasing your revenue today by reading our all-in-one ultimate guide on what is revenue management from our expert perspective as a hotel revenue management consulting company. Article Summary: What is the Definition of Revenue Management?

Pricing 52

Pricing Book Budgeting Marketing 52

Revenue Hub

FEBRUARY 15, 2023

NB: This is an article from BEONx , one of our Expert Partners It enables property managers to establish a range of rates in line with the features and services that a guest is willing to pay for. Attribute-based pricing is becoming an increasingly popular pricing model in the hotel industry.

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Guest Satisfaction Pricing Book Reservations 98

Revenue Hub

MAY 18, 2023

NB: This is an article from Xotels Is there anything more pressing on the minds of hoteliers, preventing them from having sleepless nights thinking about how to bring down their hotel`s cost and keep their business afloat? Keep reading our article on how to approach this multi-faceted issue. What is Cost Control in a Hotel?

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Front Desk Operations Cost Reduction Book Training 93

Revenue Hub

AUGUST 22, 2023

NB: This is an article from Agilysis While revenue per available room (RevPAR) has been the most common metric to hotels in the past, today they are finding revenue per available guest (RevPAG) to be even more important. . They are creating exceptional experiences for guests and ensuring zero disappointment – a crucial factor in hospitality.

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Special Events Book Information Reservations 84

Revenue Hub

OCTOBER 28, 2022

NB: This is an article from Agilysys. ” When hotels have a flexible and scalable property management system (PMS), staff members have access to guest history and can predict behavior. The most successful hotel properties have learned to focus more on their guests and their interests and less on their rooms.

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Special Events Book Information Reservations 89

SiteMinder

NOVEMBER 24, 2023

Generally, reviews also contribute to transparency and accountability within the industry, fostering a culture of improvement as software developers can leverage on feedback to refine and upgrade their tech products. Also, a HUGE thank you to their support and accounts team. the largest of any hotel tech provider to date.

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Reservations Book Information Definition 52

SiteMinder

FEBRUARY 1, 2024

We were aided by SiteMinder because they truly brought about a ‘revolution’ for our property. All tasks are integrated between our website, booking page, and property management system - effective handling of booking channels, thereby increasing revenue, and most importantly, improving our customer experience.”

Travel and Tourism 52

Travel and Tourism Procurement Blog Book 52

Larry Mogelonsky

JUNE 10, 2024

(Article originally published on Hospitality Net here ) In the latest Thematic World Panel, we posed the question of how primary data extractions from the property management system (PMS) can be used for machine learning (ML) to the grow a hotel or heighten productivity.

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