Revenue Hub

MARCH 4, 2024

NB: This is an article from Bookboost Subscribe to our weekly newsletter and stay up to date However, it comes with a price: they charge commission fees that can significantly cut into hotels’ profits, they reduce the amount of data available for the properties and interrupt the direct communication needed to foster loyalty.

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Book Communication Reservations Article 83

Revenue Hub

FEBRUARY 15, 2024

NB: This is an article from WebRezPro Subscribe to our weekly newsletter and stay up to date Identify Your Audience Do you have a specific guest segment that’s more likely to book last minute? Read the full article at WebRezPro The post Avoid Empty Rooms: How to Attract and Manage Last Minute Bookings appeared first on Revenue Hub.

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Book Housekeeping Article Reservations 93

Revenue Hub

APRIL 25, 2023

NB: This is an article from Knowland It is a bit like the golden Labrador syndrome, where we all run to get the tennis ball, get distracted by a squirrel, and forget what we were doing. What Went Wrong Mobile check-in issues: The brand.com site was unavailable to book a reservation, so I booked through an OTA.

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Reservations Document Article Book 81

Revenue Hub

SEPTEMBER 5, 2023

NB: This is an article from BEONx , one of our Expert Partners Effective management of room inventory can make or break a hotel’s reputation and bottom line. In this article, we’ll delve into the best practices that hotels can adopt to master the art of hotel room inventory management.

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Pricing Reservations Training Article 99

Revenue Hub

OCTOBER 3, 2023

NB: This is an article from mirai , one of our Expert Partners However, not everything that glitters is gold or, in other words, not all visibility boosters are effective and, not to mention efficient. behind them is how to prove their incrementality beyond the “you’ll get more bookings” promise of their account managers.

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Book Reservations Article Accounting 97

Revenue Hub

MARCH 29, 2023

NB: This is an article from BEONx , one of our Expert Partners Rate parity can be a difficult concept to understand and even harder to manage. Subscribe to our weekly newsletter and stay up to date Let’s explore what rate parity is and what you need to take into account when you design your pricing strategy. What is rate parity?

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Pricing Accounting Book Reservations 67

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 76

Revenue Hub

OCTOBER 17, 2022

NB: This is an article from Beonprice , one of our Expert Partners. Essentially, it is a formula used to calculate the time between a guest confirming a reservation at your hotel, and their arrival date. You just need to calculate the number of days between a guest making a reservation and their actual check-in date.

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Reservations Pricing Book Housekeeping 89

Revenue Hub

APRIL 16, 2024

This article explores the imperative role of structured guest data in enhancing marketing strategies, improving operational efficiencies, and elevating guest experiences, ultimately driving increased revenue for hospitality businesses.

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Information Article Book Guest Satisfaction 90

Revenue Hub

OCTOBER 4, 2023

NB: This is an article from three&six , one of our Expert Partners Google Ads , a pivotal platform in the hotel marketing toolkit, provides a variety of attribution models to help hotels understand how their ads contribute to bookings.

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Marketing Book Article Budgeting 88

Revenue Hub

MARCH 1, 2023

NB: This is an article from mirai , one of our Expert Partners Most hotels can see this in their own figures. We should be cautious though, because Google has never officially stated that this first position is reserved for the direct channel, so it could change at any time.

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Book Accounting Article Reservations 82

Revenue Hub

NOVEMBER 11, 2022

NB: This is an article from Cvent. They may book a few days in advance, be walk-in guests, or book same-day online reservations. ? Hotels receive RFPs for corporate accounts from lead sourcing platforms, global distribution systems (GDSs), or as the result of brand agreements. ? Read rest of the article at Cvent.

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Marketing Book Reservations Article 89

Revenue Hub

NOVEMBER 17, 2022

NB: This is an article from StayNTouch. This can include a hotel’s website, its social media platforms, phone or email reservations, metasearch engines, or OTAs. This article will examine how hotels can leverage distribution technology and strategies to drive bookings, access new markets, and increase profitability.

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Book Article Reservations Guest Services 84

Revenue Hub

MARCH 28, 2023

NB: This is an article from mirai , one of our Expert Partners Our goal is to challenge hoteliers, providing real data and have them revisit their strategies. The cherry on the cake was a $110 travel credit toward my next reservation (on Booking.com, of course). Decisions that made sense in the past may not make sense today.

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Book Reservations Pricing Article 86

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). Hospitality organizations can enhance revenue and profit performance by harnessing the power of clean reservation data.

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Reservations Pricing Book Accounting 83

Revenue Hub

SEPTEMBER 6, 2023

NB: This is an article from CBRE Hotels Most franchise-related fees are charged as a percent of rooms revenue, and therefore, by assessing the relative changes in rooms revenue and franchise fees we can make some assumptions. Reservation Fees (30.8%) and Marketing Assessments (39.9%) each grew at a pace slower than rooms revenue.

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Reservations Accounting Article Pricing 83

Revenue Hub

MARCH 15, 2023

NB: This is an article from Fuel Travel When most hotels think of hotel guest communication tips, your first thought is front desk staff training. They have a reservation phone number listed clearly on their site, along with a chat widget on every page. But there’s more to it than that.

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Communication Article Information Reservations 85

Revenue Hub

JUNE 28, 2023

NB: This is an article from Cendyn , one of our Expert Partners Hotels that proactively embrace these trends and tailor their offerings accordingly position themselves as forward-thinking and customer-centric. Here’s how a hotel would benefit from leveraging both CRM systems together: 1.

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Travel and Tourism Communication Accounting Presentation 90

Revenue Hub

OCTOBER 17, 2022

NB: This is an article from Experience Hotel. When a customer reserves a room, the room is recorded in the PMS, and the information is transmitted to the CRM (or GRC, customer relationship management tool). Read rest of the article at Experience Hotel. Save time on repetitive tasks and automate additional revenue generation.

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Communication Article Information Budgeting 81

Revenue Hub

JANUARY 31, 2023

NB: This is an article from berner+becker , one of our Expert Partners Due to their size and the amenities they offer to guests, lodging establishments are even more affected by the cost increase than consumers or private households. When completing the reservation process, he or she should be shown the total price with an energy flat rate.

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Pricing Communication Definition Presentation 83

Revenue Hub

DECEMBER 1, 2022

86%: this is the percentage of people who consult customer reviews before choosing their hotel, whether on online reservation sites, Google or TripAdvisor. NB: This is an article from Experience Hotel. Taking into account the increase in the number of reviews left on online sites (+22%), this evolution is really interesting.

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Reservations Book Article Accounting 76

Revenue Hub

FEBRUARY 27, 2023

NB: This is an article from IDeaS In hospitality, typically, the performance of each pillar will determine a property’s financial success. While these sources of revenue technically don’t fall under “ancillary services” in the accounting books, they’re still worth noting. So, where should you focus your resources?

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Events Concierge Pricing Article 84

Les Roches

DECEMBER 27, 2023

In this article, we delve into the world of guest services, exploring what they are, their significance and how they differ from customer service in the hospitality industry. Catering to the needs of guests and ensuring their satisfaction is a fundamental aspect of running a successful hospitality business and achieving customer excellence.

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Guest Services Definition Customer Service Concierge 52

Revenue Hub

OCTOBER 11, 2023

NB: This is an article from Cloudbeds , one of our Expert Partners While for some hoteliers it’s best to avoid overbookings altogether, for others, a good strategy can increase revenue, improve the occupancy rate and mitigate losses. Read the full article at Cloudbeds The post Is an Overbooking Strategy Right for Your Property?

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Book Article Accounting Property Management 104

Revenue Hub

JULY 20, 2023

Online booking system: The implemented online booking system should be user-friendly and reliable, allowing guests to reserve rooms directly through the website. Personalized and tailored assistance should be provided, guest reviews should be taken into account, and a loyalty program may be introduced to enhance guest retention.

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Guest Retention Book Customer Service Article 60

Revenue Hub

NOVEMBER 7, 2023

Plus, use our Excel template to collect the necessary data without relying on a PMS for seamless reservations history analysis. Read more articles from Smartpricing The post Leveraging Historical Data for Revenue Management appeared first on Revenue Hub.

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Download Article Pricing Definition 89

Revenue Hub

FEBRUARY 20, 2024

NB: This is an article from Revenue Team by Franco Grasso , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Revenue management is a complex discipline worth implementing. Failure to account for probable events on a specific date You may nod your head as you read through these.

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Pricing Book Download Accounting 101

Revenue Hub

OCTOBER 25, 2022

NB: This is an article from Beonprice , one of our Expert Partners. It’s based on the opinions of all the guests that have stayed at your hotel in the past, and these opinions have a huge impact on whether or not new guests decide to make a reservation with you or opt for one of your competitors instead.

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Reservations Accounting Article Book 80

Modern Restaurant Management

JUNE 4, 2021

Claiming their GMB account can help restaurateurs manage how their business appears in Google search results and improve website rankings on Google Maps and local search results. Google is by far the top search engine with over 87 percent market share in the U.S. Last year alone there were 6.9 trillion searches for the year worldwide.

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Blog Information Book Reservations 231

Modern Restaurant Management

APRIL 1, 2020

This article will explore various options open to you and the steps you can take. Some contest rules specify that if the contest is terminated, the sponsor reserves the right to award the prize(s) to winner(s) from among the eligible entries received prior to the termination. You should also review the structure of your promotion.

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Reservations Presentation Marketing Accounting 145

Revenue Hub

JULY 19, 2023

NB: This is an article from Altexsoft If you look at Amadeus’ in-depth Demand360® business intelligence data, you’ll see that the average global hotel occupancy rate was nearly 70 percent in the summer of 2022. So, when using the occupancy rate, you should be careful with it and take into account other measurements to get a fuller picture.

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Maintenance Article Pricing Scheduling 79

EATER

JANUARY 11, 2022

Your favorite food influencer has probably collaborated with the FeedFeed account, been featured on it, or promoted the hashtags in pursuit of a boost in followers and visibility. There’s no singular personality representing the account, no cult of curated personas. Cohen, who had 599,000 Instagram followers and 1.4

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Accounting Article Events Catering 115

Revenue Hub

NOVEMBER 23, 2022

NB: This is an article from Frederic Gonzalo. Say, for example, if your ad account gets blocked. Or your account gets hacked. Stories can now take up to 60 seconds in duration, and reels have their own tab on the main Page account, which now includes videos already published in the past. This list could go on and on.

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Marketing Accounting Article Book 77

The Restaurant Times

SEPTEMBER 16, 2021

These applications offer a wide range of solutions such as accounting software, online-ordering platforms, digital wallets, cloud telephony software, table reservation platforms, loyalty programs, and delivery integration with top online food aggregators, globally. Find the new article here.

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POS Systems Front of House Back of House Accounting 52

Revenue Hub

OCTOBER 23, 2023

NB: This is an article from Amadeus Revenue managers are tasked with maximizing revenue and profitability, balancing occupancy and pricing, developing effective competitive demand strategies, understanding evolving guest needs, and more.

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Pricing Book Cost Reduction Strategic Planning 88

Les Roches

JANUARY 15, 2024

In this article, we’ll look at tips and tricks for boosting revenue in the hospitality industry and how you could go about embarking on an exciting career in hospitality revenue management. This strategy can improve guest experience by offering a range of rewards during stays or for future reservations.

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Communication Book Reservations Marketing 52

Revenue Hub

JULY 11, 2023

NB: This is an article from Lybra , one of our Expert Partners Amid a sea of considerations, ranging from efficient staff management and impeccable property upkeep to top-tier customer service, revenue management emerges as a critical linchpin. Embarking on a new hotel venture is a complex yet thrilling endeavor.

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Pricing Book Article Events 65