Synergy Suite

MARCH 14, 2023

And that’s not even mentioning the benefits a quality restaurant reservation system provides to your front-of-house staff, allowing them to communicate and collaborate, find solutions in real-time, and generally have an ease and organization to their work. So, how do you choose the right restaurant reservation software for you?

Reservations 52

Reservations POS Systems Front of House Communication 52

Revenue Hub

JUNE 13, 2023

NB: This is an article from Revenue Team by Franco Grasso , one of our Expert Partners One component is “dynamic pricing.” ” You’re familiar with this model when considering your rack rate vs. your bottom prices. First, consider your hotel has a pricing path. Bottom rate pricing does two things.

Pricing 52

Pricing Book Events Article 52

Revenue Hub

MARCH 22, 2024

NB: This is an article from RateGain Subscribe to our weekly newsletter and stay up to date Traditionally, channel managers were responsible for basic connectivity and content updates to Online Travel Agencies (OTAs) and Global Distribution Systems (GDS). Manual collation of reports is frustrating. This allows optimal decision-making.

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Reservations Book Pricing Article 81

Revenue Hub

APRIL 9, 2024

NB: This is an article from Fuel Travel Subscribe to our weekly newsletter and stay up to date In addition, many hoteliers are broadening their scope beyond just RevPAR. One strategy for direct reservations in your booking engine is to include urgency messaging – such as the number of reservations made recently or time-based special offers.

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Book Reservations Article Marketing 102

Revenue Hub

APRIL 8, 2024

Our deep dive into the data reveals that there is plenty of positive potential across these cities, with hotels making the most of the demand and pushing up pricing on match days. STRs are seeing a smaller bump of 16%, despite having higher on-the-books reservations during the tournament.

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Pricing Book Article Reservations 77

Revenue Hub

SEPTEMBER 25, 2023

Running a hotel is a complex and balancing act: you want to ensure all your rooms are booked and your guests are happy, but how do you set the right prices to make this happen? NB: This is an article from eZee Absolute Well, that’s where “hotel rate types” come into play.

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Reservations Pricing Book Catering 100

Revenue Hub

JANUARY 30, 2024

In the modern hospitality industry , hotels receive reservations from many places, online and off. The source of a reservation is known as its booking source, and all hotel booking sources fall into one of two primary categories: direct and indirect sources.

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Book Reservations Article Scheduling 82

Revenue Hub

MARCH 13, 2024

NB: This is an article from Flyr for Hospitality , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date We spoke with Revenue Manager Alex Löw about how FLYR for Hospitality has helped revolutionise Tailormade’s pricing process. My pricing focus was never more than the next 14 days at each property. “We

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Pricing Article Catering Reservations 100

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 101

Revenue Hub

FEBRUARY 1, 2024

You know, that magical timeframe we’ve all been told is the sweet spot for securing reservations. This ‘perfect’ window has dictated pricing strategies, inventory management, and even marketing campaigns. They’re driven by necessity or desire, making them less price-sensitive. Well, it’s time to shatter that myth.

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Book Reservations Pricing Article 91

SiteMinder

OCTOBER 15, 2023

What is hotel dynamic pricing? Dynamic pricing is a pricing strategy for hotels that involves changing room rates daily, or even within the day based on real-time market conditions. Taking supply and demand into account, dynamic pricing allows for prices to fluctuate regularly so the hotel can maximise revenue.

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Pricing Definition Book Marketing 59

Revenue Hub

AUGUST 24, 2023

Hoteliers and marketing executives in the hotel industry are faced with a multitude of challenges, including budgeting, marketing decisions, selecting appropriate distribution channels, and proper pricing. Revenue management should adjust prices according to demand and competition, ensuring an optimal price-performance ratio.

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Pricing Budgeting Article Reservations 89

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.

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Reservations Guest Satisfaction Pricing Article 91

Revenue Hub

APRIL 4, 2024

The loyalty programs of the largest hotel brands in the world, such as Marriott, Hyatt and Hilton, all share a common functionality: “book & join” or the ability to join the loyalty program while making the first reservation and without diverting to a different funnel where there is a greater chance that your guest will drop out.

Book 98

Book Pricing Article Reservations 98

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. It should provide real-time updates on room availability, reservations, and guest information.

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Pricing Guest Satisfaction Article Book 104

Revenue Hub

FEBRUARY 6, 2024

NB: This is an article from Little Hotelier , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Business groups often travel to a particular location for meetings or conferences, and may be interested in staying at your property. Group travel plays an important role in your revenue management strategy.

Book 104

Book Pricing Article Reservations 104

Revenue Hub

SEPTEMBER 25, 2023

Transient travellers, often referred to as “walk-in” guests or those without prior reservations, play a significant role in the hospitality industry. In this article, we will explore the effect of transient travellers on hotel revenue and strategies for capitalizing on this dynamic market segment.

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Reservations Book Article Pricing 100

Revenue Hub

NOVEMBER 9, 2023

NB: This is an article from mirai , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Anticipate and persist: Launch promotions before Black Friday and keep them running for a few days after to entice late decision makers, covering Cyber Monday (Monday 27) and Travel Tuesday (Tuesday 28). Are you ready?

Book 82

Book Pricing Article Reservations 82

Revenue Hub

OCTOBER 17, 2022

As a hotel revenue manager, one of your core functions is understanding and anticipating customer behaviour so that you can make the right strategic decisions and optimise your prices accordingly. NB: This is an article from Beonprice , one of our Expert Partners. However, it’s not always as simple as aiming for a longer lead time.

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Reservations Pricing Book Housekeeping 91

Revfine

JULY 3, 2023

Do you run a smaller hotel or B&B that uses only manual processes to manage all your reservations, pricing, and inventory allocation? If so, then this article is for you! The post Mythbusters: Revenue Management Technology appeared first on Revfine.com.

Reservations 82

Reservations Article Pricing 82

Revenue Hub

MARCH 4, 2024

OTAs are offering guests the best of both worlds: lots of information about properties, pricing comparisons and real guests reviews. While OTAs provide hotels with bookings, they also come with a commission fee that hotels have to pay for each reservation. What is the impact of OTAs on hotels?

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Book Communication Reservations Article 85

Revenue Hub

MARCH 20, 2024

NB: This is an article from Userguest , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date From showcasing your property’s unique features to facilitating seamless bookings, here are some best practices for designing a hotel website that stands out and drives conversions.

Book 96

Book Guest Satisfaction Reservations Article 96

Revenue Hub

MARCH 14, 2024

By providing prices and availability, hotels now can appear in the hotel booking module for free, along with paid hotel ads. NB: This is an article from Bookboost Subscribe to our weekly newsletter and stay up to date Furthermore, Google assured that those who paid for Google Ads will not be prioritized over those who don’t.

Book 102

Book Budgeting Article Pricing 102

Revenue Hub

SEPTEMBER 6, 2023

NB: This is an article from Cendyn , one of our Expert Partners Hoteliers are turning to various online strategies to capture the attention of potential guests, and Google Ads has emerged as a game-changing tool in their arsenal. This consistency enhances the user experience, reduces bounce rates, and increases the likelihood of conversion.

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Book Budgeting Reservations Article 84

Revenue Hub

FEBRUARY 14, 2024

This article is designed to provide hotel managers with proven strategies to boost their hotel’s occupancy and revenue, ensuring they remain a preferred choice for both leisure and business travelers. RMS utilizes real-time data to forecast demand, enabling you to adjust pricing dynamically.

Article 98

Article Pricing Book Guest Services 98

Revenue Hub

APRIL 24, 2024

NB: This is an article from Amadeus Subscribe to our weekly newsletter and stay up to date Technology upgrades are proving to be top of mind this year, as hoteliers using legacy software or those with major gaps in functionality are increasingly worried about being outperformed. Long-term growth potential? Guest personalization?

Book 94

Book Reservations Article Information 94

Revenue Hub

APRIL 21, 2023

NB: This is an article from IDeaS You must generate new business while maintaining existing clients, balance your business mix and then manage all the stakeholders. This includes duties like setting prices, determining and reacting to staffing needs, promoting available inventory, documenting strategic initiatives, and more.

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Pricing Document Article Book 86

Revenue Hub

NOVEMBER 1, 2023

NB: This is an article from RoomPriceGenie , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date MYTH #1: Revenue management systems (RMS) are only for bigger or branded properties. Beyond the revenue-related benefits of automated pricing technologies, think of the time savings.

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Pricing Budgeting Reservations Article 90

Revenue Hub

JANUARY 18, 2024

NB: This is an article from Roomdex , one of our Expert Partners Entertaining these guest requests can actually represent the majority of the guest/hotel interaction for any stay. Special requests after the initial reservation or booking are common. Room location preference. Additional required amenities. Early arrival inquiry.

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Reservations Article Pricing Guest Satisfaction 98

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 85

Revenue Hub

JUNE 9, 2023

NB: This is an article from CartStack OTA commissions can be a necessary evil for keeping occupancy rates high, but there are ways to minimize their impact. OTAs compete on price, but more importantly, they offer a user-friendly booking experience. In order to steal back OTA bookings, you must compete on convenience.

Book 89

Book Pricing Reservations Article 89

Revenue Hub

JUNE 1, 2023

In today’s digital age, effective hotel distribution and pricing strategies are crucial for maximizing revenue and staying competitive. 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.

Book 84

Book Reservations Article Pricing 84

Revenue Hub

MARCH 22, 2023

NB: This is an article from RateGain A proficient channel manager can facilitate you in efficiently allocating your inventory to diverse online travel agencies, direct booking engines, and metasearch engines, thereby expanding your outreach and maximizing your revenue. How can a hotel channel manager be used to unlock new revenue daily?

Book 91

Book Pricing Article Reservations 91

Revenue Hub

DECEMBER 7, 2023

NB: This is an article from WebRezPro Subscribe to our weekly newsletter and stay up to date Nowadays, thanks to a plethora of digital tools, businesses have numerous ways to reach consumers. Implement dynamic pricing based on local events, demand, and season. Build guest trust with transparent reservation and cancellation policies.

Communication 99

Communication Book Reservations Article 99

Revenue Hub

JANUARY 27, 2023

NB: This is an article from RateGain It allows customers to search for and book rooms at hotels directly through a hotel’s website or mobile app. The hotel booking engine typically allows customers to search for available rooms based on various criteria, such as date of stay, number of guests, room type, and price.

Book 87

Book Reservations Information Article 87

Revenue Hub

NOVEMBER 1, 2023

NB: This is an article from Revenue Team by Franco Grasso , one of our Expert Partners Often, these hoteliers misunderstand revenue management as a discount tool without realizing it touches every aspect of the business. Here are six common pricing mistakes hotels make when they don’t rely on revenue management to guide their profitability.

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Pricing Reservations Article Information 88

Revenue Hub

SEPTEMBER 13, 2023

NB: This is an article from IDeaS Whether the prospect of Olympic travelers soon arriving in droves has you excited for a boost in business or nervous about handling the surge, it’s time to tap into that energy and make sure your properties are positioned to make the most of this golden opportunity.

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Pricing Book Events Article 82