Revenue Hub

MARCH 11, 2024

NB: This is an article from WebRezPro Subscribe to our weekly newsletter and stay up to date Why is calculating CLV useful for hotels? With a property management system (PMS) like WebRezPro, all the numbers you need are at your fingertips in one place without having to cobble together various reporting tools.

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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. How can you maintain (and even grow) ADR and occupancy in a softening market? OTA promotions Take advantage of marketing and promotional features offered by your OTA partners.

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Pricing Reservations Property Management Article 76

Revenue Hub

JUNE 1, 2023

NB: This is an article from Staah With the rise of online travel sales and the influence of e-commerce and review sites, accommodation providers must adapt to the evolving distribution landscape. This article highlights the non-negotiable elements that form the foundation of a profitable hotel distribution strategy.

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Book Reservations Article Pricing 82

Revenue Hub

APRIL 5, 2023

NB: This is an article from WebRezPro To stand out in such a competitive market, hotels need to provide individually relevant (and therefore memorable) guest experiences , the key to which lies in guest data. This data is automatically recorded on reservation folios and saved to anticipate guests’ needs for future stays.

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Revenue Hub

NOVEMBER 2, 2023

Marketing efforts are usually front of mind when it comes to boosting bookings, but what’s behind a good marketing strategy? NB: This is an article from WebRezPro In more ways than one, your property management system (PMS) is at the heart of driving reservations—not just managing them.

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STAAH

MAY 30, 2023

This article highlights the non-negotiable elements that form the foundation of a profitable hotel distribution strategy. 1) Hotel Channel Manager | Online Visibility: One of the most important tools for hoteliers to succeed in a hyper-competitive-looking environment is to maximize their reach and visibility online while keeping costs low.

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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. It plays a key role in the overall success of a hotel’s operations.

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Book Guest Satisfaction Pricing Reservations 83

Revenue Hub

SEPTEMBER 11, 2023

In the ever-evolving hospitality industry, effective inventory management is a critical aspect of running a successful hotel. 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.

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Pricing Guest Satisfaction Article Book 103

Revenue Hub

NOVEMBER 2, 2022

NB: This is an article from Fuel Travel. If your hotel is losing online reservations to OTAs, it’s time to adjust your strategy, beginning with your booking engine. Most customers research a property directly before making a reservation, which means you likely have them on your site and ready to book, so why aren’t they?

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Book Reservations Communication Information 82

Revenue Hub

NOVEMBER 14, 2023

Your property management system (PMS) isn’t there so that you can spend an afternoon playing with all the cool features , as fun as that may be. NB: This is an article from WebRezPro Subscribe to our weekly newsletter and stay up to date Here are five PMS integrations that are especially effective at driving revenue.

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Revenue Hub

SEPTEMBER 28, 2023

We decided to shed some light on the profound impact of Revenue Management Systems (RMS) in the evolving landscape of the hotel industry. This adjustment is based on predicted demand, prevailing market conditions, and various hotel-centric factors.

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Revenue Hub

DECEMBER 8, 2022

NB: This is an article from WebRezPro. Then, keep reading to discover how a property management system like WebRezPro can automate the process of sending these important emails, saving you hours of time and ensuring every guest receives the right information at the right time. Read rest of the article at WebRezPro.

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Revenue Hub

MAY 24, 2023

Hotel revenue management is a complicated process with a simple goal: to maximize revenue. NB: This is an article from WebRezPro It’s about analyzing demand and honing what you offer to sell the right product to the right customer at the right time, on the right channel, for the right price to grow profit.

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InnQuest

OCTOBER 5, 2022

These platforms offer multiple benefits for the price paid, including marketing and exposure to global markets. Small-size B&Bs and independent hotels that cannot afford to market their brands at such a massive bandwidth are sure to benefit from this option. What’s All The Hype About Direct Bookings?

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Revenue Hub

NOVEMBER 30, 2022

NB: This is an article from IDeaS. Due to labor cost and market pressures, the softening of some market segments and new technology capabilities, the time has never been better and more vital to collect additional data to move toward profit optimization. Distribution strategy in the hospitality industry is changing.

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InnQuest

FEBRUARY 3, 2023

Even without COVID-19, profitability in the hotel industry is still a significant concern due to factors like: Increased dependence on web-based travel agencies The growth of tough competition Rising customer demands Sit tight, for you will learn some of the essentials for upselling in hotels in this article! What is Upselling?

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Revenue Hub

MAY 25, 2023

Today’s modern guests don’t just want to make a reservation. ” NB: This is an article from Cube They are used to this from brands such as Netflix with its personalized user interface, as well as from Amazon or Starbucks. Data remains key to execute a true outside in marketing strategy.

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Book Article Reservations Property Management 90

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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Revenue Hub

OCTOBER 23, 2023

Today’s revenue management systems – integrated with the other hotel systems – are providing highly accurate and useful data that allows hotels to calculate total guest value, offer personalized rates that reflect demand and inventory, and ultimately increase the property’s bottom line.

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InnQuest

MARCH 23, 2023

million Chinese tourists entered Australia each year before the pandemic (Statista). In this article, we’ll take a look at some key statistics about the market in general, and the situation regarding our recovery from the pandemic. The opening of China’s border is also extremely promising as 1.4 since last year (IBISWorld).

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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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Revenue Hub

MAY 25, 2023

By managing restrictions, one has the ability to set controls over which bookings are accepted on specific dates or rate types. NB: This is an article from Rateboard For example, certain rates may only be made available during select bank holidays or the fall off-season.

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Book Article Pricing Property Management 75

Revenue Hub

OCTOBER 14, 2022

Travelers are no longer willing to compromise on the guest experience – and thanks to modern property-management system (PMS) technology, they don’t have to. NB: This is an article from Maestro. This involves thinking beyond the scope of the guestroom, offering activities, dinner reservations, spa appointments and more.

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Book Housekeeping Communication Information 85

eZee Absolute

JANUARY 9, 2023

In this article, we’ll show you how to make your hotel the ultimate destination for digital nomads. How to Attract Digital Nomads To Your Property? Use social media marketing. You can also turn to revenue management experts to create pricing strategies that bring in better profit. Explore new markets.

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Book Catering Reservations Marketing 52

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. A good booking engine tracks the performance of your booking pages, analyses the effectiveness of marketing campaigns and reveals valuable insights about consumers’ interaction with it.

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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. This makes it all the more important to analyze demand, the market and competitors in detail in order to be able to set the perfect price for each individual room category.

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Pricing Reservations Marketing Communication 63

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. billion in room revenue lost in 2020 and 2021.

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Special Events Book Information Reservations 73

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? Why is Revenue Management Important to Hotels & Other Industries?

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Pricing Book Budgeting Marketing 52

Metasphere

APRIL 3, 2022

It can be consolidated in a hotel loyalty program software to help you create effective marketing campaigns , deliver better guest experiences, and make data-driven decisions. Find out in this article as we break down the 5 most important types of guest data. Capture data via hotel email marketing. Table of Content.

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Revenue Hub

NOVEMBER 23, 2022

Credit card pre-authorizations are essential to a hotel’s revenue management strategy. NB: This is an article from Revenue Team by Franco Grasso , one of our Expert Partners. A pre-authorization is a temporary hold of a specific monetary amount made on a guest’s credit card when they reserve a room.

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Book Reservations Revenue Projections Pricing 52

Revenue Hub

OCTOBER 28, 2022

NB: This is an article from Agilysys. 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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eZee Absolute

JULY 31, 2022

In this article, I will discuss some sales and marketing strategies to increase revenue for small hotels and stay afloat. Destination marketing. Property management software. Destination marketing. One thing that is common among all the properties is that they all market the location.

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Blog Pricing Book Property Management 52

eZee Absolute

NOVEMBER 18, 2022

In this article, I will share 9 areas that you should be focusing on and improving to make your hotel more enjoyable and efficient for guests. Marketing approach. You can simply integrate WhatsApp into your hotel’s property management system and connect with guests the right way. . Marketing approach.

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Les Roches

APRIL 13, 2023

In this article, we answer the question, “ Are hotels a good investment?” , and share everything you need to know to determine whether investing in hotels is right for you. After all, you wouldn’t want to invest in a hotel before learning more about tourism market trends and whether you’re likely to see financial gains.

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SiteMinder

NOVEMBER 24, 2023

” – Vacation rental and villa administrator in Spain “ SiteMinder is the best Channel Manager. Easy to use, amazing support, and one of the best options available in the market, having been using this platform for the last 15+ years. Very easy for reservation management. You can also set restrictions. Very good.

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Reservations Book Information Definition 52

Les Roches

AUGUST 10, 2023

Some of the common back-of-house positions you may find include: Food and beverage manager Chef Sous chef Line cook Pastry chef Purchasing manager Housekeeping staff Facilities manager Maintenance technician Sales and marketing Finance and revenue management What skills are required for back-of-house roles?

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SiteMinder

FEBRUARY 1, 2024

Market differentiation: Sustainability initiatives can set a hotel apart in a crowded market, appealing to a growing segment of eco-conscious consumers and corporate clients with green procurement policies. We were aided by SiteMinder because they truly brought about a ‘revolution’ for our property.

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