Revenue Hub

APRIL 29, 2024

The channel manager for the hotel instantly adjusts your inventory when a guest makes a reservation through an online booking platform, which is reflected in all associated channels and your PMS. In other words, a channel manager streamlines and increases the efficiency of your hotel’s booking procedure.

Reservations 103

Reservations Book Article Pricing 103

Revenue Hub

APRIL 19, 2024

In the realm of boosting direct bookings, numerous hotels find themselves constrained by a finite set of strategies. What many hoteliers may not know is regardless if you (as the property manager) are participating in a metasearch campaign, you are already showing up with a rate.

Marketing 94

Marketing Book Article Reservations 94

Revenue Hub

MAY 17, 2024

Consider your competition and other factors impacting pricing and availability (like major annual events) to ensure your property is priced competitively. A revenue management system (RMS) is a big help here. For instance, if direct bookings increase over summer, consider reducing OTA inventory and save on those commission fees.

Pricing 79

Pricing Article Information Book 79

STAAH

FEBRUARY 27, 2024

An error-free integration between property management systems (PMS) and channel managers is a need for efficient operations. This guide outlines 4 essential steps as enlisted below: Step 1: Initiation and Agreement Begin by contacting your Opera OXI Account Manager or Sales Manager to express interest in connecting with STAAH.

Maintenance 85

Maintenance Communication Document Accounting 85

Hotelogix

OCTOBER 18, 2023

A hotel reservation system is far more than a booking tool.   As technology continues to reshape the hospitality landscape, the importance of an effective reservation system cannot be overstated—it's the key to unlocking efficiency and excellence in modern hotel management.

Reservations 100

Reservations Book Information Guest Satisfaction 100

Hotel Business

APRIL 1, 2024

The number of rechargeable cars sold is up 50% year-over-year, and experts predict that EVs and plug-in hybrids will likely account for nearly a quarter of all cars on the road in 2024. Electric cars account for roughly 1% of vehicles on the road in the U.S., By Hooman Shahidi The electric vehicle (EV) market in the U.S.

Accounting 75

Accounting Property Management Guest Satisfaction Download 75

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). Filter by repeat guests and get the lowdown on your most valuable crowd.

Reservations 86

Reservations Book Article Information 86

Revenue Hub

OCTOBER 11, 2023

Sometimes, however, simultaneous bookings happen when two guests book the same room from different channels at the same time. A good channel manager refreshes every minute or so, leaving an unavoidable small window where multiple guests can book the same room. System setup errors are also common.

Book 104

Book Article Accounting Property Management 104

InnQuest

NOVEMBER 30, 2022

Subject per account. To learn more, contact us at support@innquest.com or book a free demo today! InnQuest was founded in 1994 with a belief that guests deserve an excellent hospitality experience and hoteliers deserve a management system that would allow them to maximize the guest experience and property.

Travel and Tourism 217

Travel and Tourism Demo Pricing Accounting 217

Hotel Business

OCTOBER 27, 2023

Knowland , a provider of data-as-a-service insights on meetings and events for hospitality, has launched Market Segmentation, an add-on feature designed to help on-property sales teams better understand and target the right group segments booking in their market. 31 by reaching out to clientcare@knowland.com.

Marketing 59

Marketing Accounting Book Events 59

Revenue Hub

JANUARY 15, 2024

NB: This is an article from Hotel Financial Coach On the other hand, most hoteliers are at a loss to properly set up and manage the transactions so that they do not end up with a mess in their books and systems. Either way, the charge for breakfast finds its way back to the “food package account” and not the customer’s room account.

Accounting 91

Accounting Pricing Article Property Management 91

STAAH

APRIL 10, 2023

The company’s online platform has developed a business model centered on hotel products, integrating and disseminating global core tourism resources, allowing its clients to receive hotel booking and travel-related assistance from a single platform. We aim to bring affordable hotel booking solutions for their partners.

Travel and Tourism 77

Travel and Tourism Property Management Book Budgeting 77

Hotel Business

MAY 16, 2023

One major issue some hoteliers face is that their property management systems only do the bare minimum and don’t support ongoing growth and scalability. For instance, some legacy property management systems don’t integrate well with third-party tools.

Front Desk Operations 96

Front Desk Operations Property Management Book Accounting 96

Hotelogix

FEBRUARY 13, 2024

This exploration delves into the intricate operational requirements of large hotels, the pitfalls of wrong management practices - either manually or via outdated on-premises solutions, and how a cloud-based hotel management software or a hotel property management system (Hotel PMS) acts as a savior, ensuring a seamless performance across the board.

Housekeeping 148

Housekeeping Regulatory Compliance Guest Satisfaction Maintenance 148

Revenue Hub

APRIL 2, 2024

At the heart of every great hospitality organization is a great property management system (PMS). NB: This is an article from Infor Subscribe to our weekly newsletter and stay up to date However, the role of property management systems is evolving. In fact, the hotel PMS market size was estimated at USD 7.15

Property Management 101

Property Management Article Server Customer Service 101

Hotelogix

OCTOBER 18, 2023

This guide will offer you an in-depth overview of hotel management software, its benefits, features, and how it can help hoteliers like you to run your business successfully. What is hotel management software? Then, they write positive feedback about your property across booking/review sites, improving your brand's reputation. 

Housekeeping 130

Housekeeping Reservations Server Accounting 130

STAAH

APRIL 30, 2024

Legacy system upgrades: Many hotels still rely on outdated legacy systems for operations such as property management, reservations and accounting. Many hotels have also switched their booking engines to ones like STAAH that are mobile-first and deliver a seamless user experience.

Guest Services 85

Guest Services Communication Property Management Reservations 85

SiteMinder

NOVEMBER 3, 2023

In order to log into Airbnb you need to create an account. If you have previously created a traveller account, you can use the same details for your host account. It should be noted that Airbnb sells itself as a more social, personal booking platform – it doesn’t allow large hotel chains to create listings.

Accounting 52

Accounting Book Reservations Information 52

Revenue Hub

JULY 4, 2023

Accommodating groups is much easier when you’re set up to handle group bookings smoothly with a property management system that includes group folios for managing room blocks, reservations, group check-ins, billing, and more. Remote workers and digital nomads stay longer because they can.

Pricing 76

Pricing Reservations Property Management Article 76

SiteMinder

OCTOBER 5, 2023

It offers a suite of tools that allow you to manage your Expedia listings across various online travel agencies (OTAs) that are part of the Expedia Group. It allows you to manage bookings, adjust nightly rates, availability, and streamline inventory management. A particularly useful feature is the rate management tool.

Competitive Analysis 59

Competitive Analysis Book Information Property Management 59

InnQuest

NOVEMBER 21, 2022

These options are no longer just “nice-to-have” – consumers have adjusted to contactless experiences due to the pandemic and now expect hotels to provide these options, so take care to ensure that your Property Management System can fulfil their evolving needs. Boost Your Bookings and Optimise Rates.

Housekeeping 130

Housekeeping Book Property Management Pricing 130

InnQuest

APRIL 5, 2023

And that’s where yield management comes in. It enables hotels to achieve this goal by analyzing data such as occupancy rates, booking trends, and seasonal patterns to adjust prices and inventory. Even today, Ritz-Carlton uses a sophisticated revenue management system that analyzes market demand and adjusts room rates accordingly.

Pricing 220

Pricing Book Marketing Blog 220

STAAH

MARCH 14, 2024

Her journey commenced by selling tour packages for a relative’s company, followed by roles ranging from receptionist to account receivable section for a hotel chain. Her career has been marked by a relentless pursuit of sales and business development within the Hospitality Industry.

Business Development 82

Business Development Travel and Tourism Accounting Property Management 82

Revenue Hub

MAY 24, 2023

Then they went in the mail, and I guess someone downstairs in accounting picked up the amount for that day and then waited for the payment and the bank statement that also arrived in the mail probably two weeks later. PMS/POS, then on to the terminal batch value and finally the bank account. OMG, can you imagine?

Accounting 80

Accounting Article Property Management Book 80

Hotelogix

OCTOBER 19, 2023

Guests are identified based on specific attributes, such as their journey analysis from start to end, including booking, spending pattern, behavior, stay experience, post-stay review, etc.    Contemporary hotels rely on Property Management Systems that streamline operations for them. Which links lead to more bookings?

Catering 130

Catering Book Information Marketing 130

InnQuest

SEPTEMBER 13, 2022

Rate management. Using chatbots on your website and social media accounts help you engage with customers while automating some of the more tedious parts of the sales process, like answering questions about rates or availability. The booking engine is what allows customers to book rooms and other facilities in a hotel online.

Housekeeping 130

Housekeeping Book Guest Satisfaction Information 130

Hotel Owner

OCTOBER 21, 2022

Often, departments will have individual KPIs related to the overall property KPI so that each team member understands how their work affects the entire property. . Virtually all aspects of the research and booking process have moved online, which has created an immense amount of data for properties to decipher.

Pricing 119

Pricing Book Accounting Housekeeping 119

STAAH

JANUARY 17, 2023

Top of the list of GDS’ benefits is the exposure it provides a property to high-value and higher volume guests , including corporate and government segments. The nature of travel bookings generated by these segments is last-minute and very specific with requirements and locations. How do GDS systems work? Final thoughts.

Book 78

Book Definition Accounting Property Management 78

SiteMinder

JUNE 29, 2023

It is commonly used by hotel sales and revenue managers to update rooms and rates in real-time. The OTA channel manager syncs your hotel prices and availability across your property management system (PMS) and all connected OTA channels such as Booking.com, Expedia, and Airbnb. How does an OTA channel manager work?

Book 52

Book Pricing Reservations Property Management 52

Revenue Hub

JULY 19, 2023

Secondly, having all your units booked doesn’t mean maximized revenue earned. There are many cases when a hotel manager or a vacation property renter can earn more money with lower occupancy by increasing rental fees. Overall, average hotel occupancy rates range between 65 and 80 percent. Why track occupancy rate?

Maintenance 79

Maintenance Article Pricing Scheduling 79

SiteMinder

NOVEMBER 30, 2023

It encompasses advanced booking engines, property management systems, customer relationship management (CRM) software, AI-driven chatbots, and more. Once upon a time your guests would book over the phone, by walking into a hotel, or through a travel agent.

Guest Satisfaction 52

Guest Satisfaction Book Property Management Pricing 52

SiteMinder

DECEMBER 20, 2023

ThinkReservations styles itself as an all-in-one property management solution built to streamline hotel businesses. Between the ThinkReservations booking system, PMS and channel manager, this ecosystem of tools promises to save time and increase bookings. What is ThinkReservations?

Book 59

Book Reservations Accounting Guest Satisfaction 59

SiteMinder

JULY 23, 2023

Availability: The dates when the property is open for bookings, indicating its current and future availability. Reviews: Feedback and ratings from previous guests, giving insights into the property’s quality and the host’s hospitality. Listing a property on Airbnb is free of charge.

Book 52

Book Information Accounting Pricing 52

Hotelogix

FEBRUARY 1, 2024

High-end hotel management software or hotel property management systems (Hotel PSM) have a hefty price tag. It means they primarily maintain an Excel Sheet to keep track of guest records, availability, finances, accounting, etc. For this, small hotel owners often need more time and resources to make the most of it. 

Guest Satisfaction 130

Guest Satisfaction Training Budgeting Demo 130

SiteMinder

JUNE 18, 2023

Free themes may be tempting, but they also often end up costing more in the long run as they lack important functionality for hotels (such as booking engine integration). As a hotelier, plugins can also provide functionality such as: online booking systems, property management integrations, and/or reservation management tools.

Blog 69

Blog Book Accounting Catering 69

Revenue Hub

NOVEMBER 30, 2022

Your PMS, channel manager, booking engine, website analytics , etc. 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.

Budgeting 81

Budgeting Pricing Accounting Article 81

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. Once you’ve done that, your dynamic base rate can then be priced up according to the attributes that a guest wants to add to their booking.

Guest Satisfaction 95

Guest Satisfaction Pricing Book Reservations 95