Revenue Hub

FEBRUARY 21, 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. Hotels are increasingly employing sophisticated tools to analyse vast amounts of data, from booking patterns to guest preferences.

Guest Satisfaction 91

Guest Satisfaction Pricing Article Book 91

Revenue Hub

SEPTEMBER 27, 2023

This is why is very common that in the industry most hoteliers put all their effort on transactional marketing. NB: This is an article from Bookboost This means the focus is mainly on short-term relations with guests, and once the transaction is done (the booking is made), the relationship ends.

Marketing 92

Marketing Guest Satisfaction Reservations Book 92

Revenue Hub

OCTOBER 18, 2023

NB: This is an article from Userguest , one of our Expert Partners This data is a goldmine for crafting targeted marketing campaigns and optimising revenue strategies. Personalised Marketing Campaigns One of the most potent ways to leverage user booking behaviour is by creating personalised marketing campaigns.

Book 83

Book Marketing Pricing Guest Satisfaction 83

Revenue Hub

JULY 13, 2023

Imagine a world where your hotel knows what a guest wants even before they do. NB: This is an article from RateGain A world where your pricing strategy is not just about numbers, but about understanding choices, dreams, and the urge to travel. Revenue managers are no longer just setting prices based on supply and demand.

Pricing 97

Pricing Book Guest Satisfaction Article 97

Revenue Hub

MARCH 22, 2024

In the contemporary landscape of hospitality industry, data-driven decision-making has emerged as a pivotal tool for maximising profitability and elevating guest satisfaction in hotels. COMPETITIVE BENCHMARKING: Analysing competitor pricing, market demand, and trends is imperative for hotels to stay ahead in the game.

Pricing 97

Pricing Guest Satisfaction Information Book 97

Revenue Hub

AUGUST 7, 2023

NB: This is an article from RateGain From maintaining optimal occupancy levels to boosting profitability and delivering memorable guest experiences, staying ahead requires strategic insights and real-time data. Revenue management analytics allows hoteliers to go beyond traditional fixed-rate models and adopt dynamic pricing strategies.

Guest Satisfaction 88

Guest Satisfaction Pricing Article Book 88

Revenue Hub

APRIL 17, 2024

Rapidly advancing technology and ever evolving guest expectations have given rise to the opportunity for substantial transformation in roles traditionally siloed into the areas of marketing and revenue management. At the same time, marketing existed at the brand level and largely in the form of printed ads, collateral, and consortiums.

Marketing 89

Marketing Information Budgeting Reservations 89

Revenue Hub

FEBRUARY 20, 2024

NB: This is an article from JLNPR Subscribe to our weekly newsletter and stay up to date Due in part to the advances of marketing technology and the wealth of customer data available due to online bookings, hyper-personalization has come front and center, as a must-do for hotels to secure more bookings, encourage repeat customers (more revenue!)

Marketing 94

Marketing Concierge Information Guest Satisfaction 94

Revenue Hub

AUGUST 29, 2023

NB: This is an article from Catala Consulting This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Its core principle is the sale of the right product to the right customer, at the right time and for the right price.

Guest Satisfaction 84

Guest Satisfaction Pricing Strategic Planning Article 84

Revenue Hub

APRIL 23, 2024

NB: This is an article from Bookboost Subscribe to our weekly newsletter and stay up to date Finally, resource constraints like budget and skilled personnel limit data management capabilities, especially for smaller hotels. By segmenting guests accordingly, properties can increase revenue and enhance guest satisfaction.

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Guest Satisfaction Article Information Budgeting 86

Revenue Hub

MARCH 7, 2024

Guests in the pre-booking phase, either transient or group, have so many touchpoints throughout their journey, where do we, as marketers, start? As an agency owner, it’s disappointing to see agencies approach clients with a price list or set of packages, asking them to pick. What market trends are at play?

Marketing 102

Marketing Book Budgeting Guest Satisfaction 102

Revenue Hub

JANUARY 17, 2024

NB: This is an article from Hotellistat , one of our Expert Partners While the basic principles of revenue management apply to all types of hotels, resort hotels have important strategic considerations. Profitability and guest satisfaction during the quiet periods require creative marketing strategies and attractive special offers.

Pricing 96

Pricing Guest Satisfaction Article Blog 96

Revenue Hub

FEBRUARY 29, 2024

NB: This is an article from Topline Revenue , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Debunking the Dream At first glance, the notion of selling out every room might seem like a hotelier’s fantasy come true. But what if there’s a simpler way? Finding Harmony in Chaos So, where does the sweet spot lie?

Guest Satisfaction 90

Guest Satisfaction Pricing Article Accounting 90

eZee Absolute

JANUARY 16, 2024

But with countless articles out there, it can be overwhelming to know where to start. These blogs offer a wealth of knowledge on a variety of topics relevant to the modern hotelier, from revenue management and guest experience to marketing strategies and emerging trends. What Are Some of The Important Hotel Reports?

Blog 102

Blog Guest Satisfaction Pricing Marketing 102

Revenue Hub

DECEMBER 1, 2023

In the hotel industry, profitability is increasingly influenced by a variety of market changes, including the introduction of new technologies, shifting consumer preferences, and fluctuating operational costs. However, legacy hotel technologies often constrain the transition to attribute-based pricing.

Pricing 93

Pricing Guest Satisfaction Presentation Article 93

Revenue Hub

APRIL 19, 2024

NB: This is an article from Tripleseat Subscribe to our weekly newsletter and stay up to date This technology’s primary goal is to centralize and streamline all customer data. Read the full article at Tripleseat The post CRM for Hotels: 6 Benefits to Unlock Group Sales Success appeared first on Revenue Hub.

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Guest Satisfaction Catering Information Document 100

Revenue Hub

SEPTEMBER 11, 2023

NB: This is an article from innQuest Managing your hotel’s inventory efficiently can significantly impact your bottom line, guest satisfaction and overall operational effectiveness. Dynamic Pricing Strategies: Implement dynamic pricing to adapt room rates to real-time demand fluctuations.

Pricing 103

Pricing Guest Satisfaction Article Book 103

Revenue Hub

APRIL 30, 2024

This article debunks these misconceptions, highlighting the complex nature of revenue management that goes beyond pricing to include market analysis and customer behavior. Join us as we uncover the truth about how revenue management can enhance profitability and guest satisfaction.

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Pricing Information Article Marketing 80

Revenue Hub

APRIL 4, 2024

NB: This is an article from Flyr (formerly Pace Revenue) , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date In 2024, innovation seems to be waiting around every corner, and no industry is exempt from its influence and subsequent transformation.

Book 90

Book Guest Satisfaction Customer Service Pricing 90

Revenue Hub

JANUARY 25, 2024

NB: This is an article from Shiji Group Global Review Trends The report analysed over 9,500 hotels worldwide, encompassing over 3 million reviews and 9.5 Concerns over Price and Additional Services A significant number of negative reviews were related to price concerns. million mentions. points, respectively.

Pricing 81

Pricing Guest Satisfaction Article Marketing 81

Revenue Hub

MARCH 25, 2024

Much of their day-to-day activities involve meticulously monitoring and adjusting room rates to stay competitive and responsive to market dynamics. This oversight impacts the potential revenue from ancillary services and affects the overall guest experience, which is increasingly becoming a differentiator in the hospitality industry.

Strategic Planning 91

Strategic Planning Guest Satisfaction Article Marketing 91

Revenue Hub

MARCH 18, 2024

This post emphasizes the significance of utilizing insights from three analytical categories — destination, guest, and operational — to transform the guest experience and enhance operational efficiency, substantially improving financial performance. This can significantly enhance guest satisfaction and loyalty.

Travel and Tourism 89

Travel and Tourism Customer Service Guest Satisfaction Article 89

Revenue Hub

JULY 19, 2023

NB: This is an article from Lybra , one of our Expert Partners In this article, we delve into ten comprehensive strategies that can help you drive revenue and enhance guest experiences. Not only does it provide potential guests with necessary information, but it also offers a platform to highlight unique selling points.

Pricing 91

Pricing Article Strategic Planning Guest Satisfaction 91

Revenue Hub

MAY 14, 2024

If you’re looking for avenues to amplify revenue and create a more loyal guest base, look towards fine-tuning your hotel’s direct booking strategy. Delving into guest data and market research provides invaluable insights into your guests’ preferences, behaviours, and needs.

Book 77

Book Guest Satisfaction Reservations Communication 77

Revenue Hub

APRIL 24, 2023

NB: This is an article from Demand Calendar Of course, no specific percentage or amount represents the average revenue leak for the hotel industry, as it varies depending on factors like location, property size, and management efficiency. The hotel needs an RMS or a dynamic pricing tool integrated with the hotel PMS to minimize revenue leaks.

Reservations 89

Reservations Guest Satisfaction Pricing Article 89

Revenue Hub

DECEMBER 4, 2023

NB: This is an article from Catala Consulting Profitability management encompasses a broader perspective, considering factors like cost control, efficient resource utilization, and value creation for guests. The modern approach integrates market trends, competitor analysis, and real-time data to make more informed pricing decisions.

Guest Satisfaction 101

Guest Satisfaction Article Pricing Information 101

Revenue Hub

SEPTEMBER 13, 2023

NB: This is an article from Demand Calendar If so, you may miss substantial revenue streams and opportunities for greater guest satisfaction. It uses algorithms to adjust room prices dynamically, but it rarely, if ever, considers other services or amenities that a hotel offers.

Guest Satisfaction 81

Guest Satisfaction Pricing Article Book 81

Revenue Hub

FEBRUARY 20, 2023

NB: This is an article from RateGain By tracking RevPAR, hotels can identify trends and patterns in their business, make informed decisions about pricing and inventory, and optimize their operations to maximize revenue. It is also a useful metric for benchmarking a hotel’s performance against its competitors in the same market.

Guest Satisfaction 83

Guest Satisfaction Pricing Accounting Information 83

Revenue Hub

APRIL 2, 2024

The guest acquisition transforms from a routine marketing effort into a critical business imperative in this environment. NB: This is an article from Demand Calendar Subscribe to our weekly newsletter and stay up to date The focus shifts from quantity to quality, from attracting a high volume of guests to attracting the right kind.

Guest Satisfaction 99

Guest Satisfaction Marketing Article Blog 99

Revenue Hub

JANUARY 11, 2024

NB: This is an article from Userguest , one of our Expert Partners As we step into 2024, several key trends are set to redefine the landscape of hotels and accommodations. Data-Driven Marketing Campaigns In the quest for optimal resource allocation and marketing ROI, hotels are turning to data.

Guest Satisfaction 83

Guest Satisfaction Pricing Guest Retention Catering 83

Revenue Hub

JANUARY 19, 2024

NB: This is an article from Agilysys Subscribe to our weekly newsletter and stay up to date This transition signifies a move beyond room-centric revenue evaluation to a holistic approach that includes all guest expenditures. This flexibility ensures that prices are aligned with the perceived value of these services.

Pricing 84

Pricing Article Workshop Guest Satisfaction 84

Revenue Hub

NOVEMBER 9, 2023

NB: This is an article from Topline Revenue , one of our Expert Partners Yet, group bookings present a unique challenge. Knowing when groups are more likely to book can help you allocate resources and plan marketing efforts effectively. Implement Dynamic Pricing Consider implementing dynamic pricing for groups.

Book 92

Book Pricing Guest Satisfaction Article 92

Revenue Hub

SEPTEMBER 4, 2023

NB: This is an article from Demand Calendar This metric is calculated by dividing the total room revenue by the number of available rooms or multiplying the average daily room rate (ADR) by the room occupancy rate. Focusing solely on revenue may overshadow the efforts put into guest satisfaction, leading to a disheartened team.

Guest Satisfaction 90

Guest Satisfaction Pricing Article Customer Service 90

Revenue Hub

JUNE 7, 2023

NB: This is an article from Staah If you are a smart hotelier or any type of accommodation provider, you would not want to miss the chance of converting your website visitors from an OTA (or any other source) and bag the commission-free direct bookings. This ensures that guests have access to real-time data and can make informed decisions.

Book 83

Book Guest Satisfaction Pricing Reservations 83

Revenue Hub

JANUARY 31, 2024

It can not only help in enhancing guest satisfaction, but also significantly improving employee experience. This involves understanding your hotel’s current pain points, operational inefficiencies, and the unique demands of your target market, which will guide your technology choices.

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Demo Guest Satisfaction Article Pricing 95

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. From optimizing revenue to enhancing guest experiences, a well-structured inventory management strategy is essential.

Pricing 99

Pricing Reservations Training Article 99

Revenue Hub

DECEMBER 4, 2023

NB: This is an article from IDeaS While a hotel’s sales team is often incentivized to grow occupancy above all else, revenue managers understand the need to look beyond guestrooms to ancillary services in their quest to maximize revenue. Putting Into Practice If marketing to guests instantly is so easy, why isn’t everyone doing it?

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Guest Satisfaction Information Book Article 100