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An Independent Hotelier’s Guide to Cancellation Policies

Revenue Hub

NB: This is an article from WebRezPro Subscribe to our weekly newsletter and stay up to date The Purpose of Cancellation Policies A cancellation policy protects both you and your customers by: Reducing the number of no-shows and holding guests accountable. Below are a few common policies and the situations in which they best apply.

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Best Practices for Hotel Inventory Management

Revenue Hub

This system enables hoteliers to keep track of available rooms, reservations, and occupancy rates in real-time. Leveraging historical data, market trends, and special events, hotels can predict periods of high and low demand. Forecasting Demand Accurate demand forecasting is the bedrock of successful inventory management.

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Expedia Partner Central: The Complete Guide for Hotels

SiteMinder

Comprehensive tools : From managing reservations to enhancing the guest experience, Expedia Partner Central provides a range of tools tailored to the needs of hoteliers. Expedia Partner: How to become one To join the Expedia Partner Central, you’ll first need to create an Expedia account.

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Exploring the world of guest services: from definitions to job descriptions

Les Roches

They need excellent communication and interpersonal skills, should be able to multitask, maintain composure under pressure and demonstrate a high level of professionalism.

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Mastering Revenue Optimization for New Hotels

Revenue Hub

An RMS applies sophisticated algorithms and machine learning to predict demand patterns and suggest optimal pricing, taking into account a variety of factors including historical data, competitor prices, and market trends. In essence, when demand for your rooms is high, prices rise, and when demand is low, prices drop.

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Understand your Guest and Capture Revenue Beyond the Room

Revenue Hub

Subscribe to our weekly newsletter and stay up to date Instead of solely looking at the occupancy (OCC) and average daily rate (ADR) for one room, now properties are looking more closely at the guest (or guests) that reserve these rooms, what they are interested in, and how to capitalize on those interests and capture more of their spend.

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Identifying Ancillary Revenues and Driving Additional Revenues

Revenue Hub

NB: This is an article from RealTime Reservation. We all know the saying, “what gets measured gets done”, starting with charging the basics and identifying how these are posted, who is auditing, who is accountable, and how it is tracked. Most importantly, empower the guest to personalize and reserve in advance.