Mastering the Art of Multi-Property Management
Revfine
MAY 5, 2024
This article explores the nuances of managing multiple hotel properties. Introduction to the The post Mastering the Art of Multi-Property Management appeared first on Revfine.com.
How to Avoid Being a Captive Customer to Your Property Management System Provider
Hospitality Net
OCTOBER 30, 2023
I recently came across an interesting article outlining a recent study by Jie Yu Kerguignas, Olivier Furrer, and Ikèle Landry exploring the phenomena of ’Customer Captivity’ in the hospitality industry.
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Interview with CEO Matthijs Welle of Mews
Revfine
DECEMBER 6, 2023
In this article, we interview Matthijs Welle of Mews. Matthijs is revolutionizing property management and hotelier experiences with high-tech solutions. Mews provides hoteliers with powerful, cutting-edge functionality that will allow them to focus on the guest experience rather than tedious administration.
5 Vital Questions to Ask Your Property Manager
Resort Mgt
JULY 22, 2016
Many community members and HOAs have been through the property management selection process before. This article is for the board member who needs to know the best questions to ask to get to the point. But even the seasoned veterans have only done this a handful of times.
What are 5 Must Have Features to Look for in a PMS?
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
Peak Season Prep: An Independent Hotel Checklist
Revenue Hub
MAY 17, 2024
NB: This is an article from WebRezPro Subscribe to our weekly newsletter and stay up to date It’s a crucial time to make a good impression and an opportunity to earn a big bunch of loyal fans. A revenue management system (RMS) is a big help here. This preparation can both excite and intimidate lodging providers.
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Collecting Guest Preference Data: Critical Gaps and Discrepancies
Revenue Hub
APRIL 26, 2024
NB: This is an article from Dailypoint Subscribe to our weekly newsletter and stay up to date And whilst this is not at all surprising, and is indeed necessary for hotels to maximize the amount of data they can collect, it can cause problems and limitations where the systems are not fully integrated with a central guest profile.
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3 Ways to Break Down Data Silos at Your Hotel
Revenue Hub
APRIL 11, 2024
NB: This is an article from WebRezPro Subscribe to our weekly newsletter and stay up to date Data silos present a problem for your property for multiple reasons. Here is how to eliminate data silos at your property for greater operational efficiency, visibility, and success!
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How Metasearch Marketing Can Help Your Hotel
Revenue Hub
APRIL 19, 2024
While hotel marketing tools such as organic content, social media posts, and email campaigns contribute to generating interest in a property, they fall short in pinpointing the precise moment when a potential guest is prepared to make a reservation. The OTAs are aggressively bidding and displaying a nightly rate for your property.
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How to Build the Best Hotel Tech Stack
Revenue Hub
NOVEMBER 9, 2023
NB: This is an article from WebRezPro That’s because when it comes to delivering a great guest experience, every property is unique. From location and services to style and staff, every property offers something different—and has its own operational requirements for driving that great guest experience too.
Maximizing Hotel Revenue: How Software Solutions Drive RevPAR
Revenue Hub
APRIL 9, 2024
Navigating the complex world of revenue management requires innovative solutions. While dedicated revenue management software is a component of this process, all of your technology must work together to increase your bottom line. Your property management system and hotel tech stack must be set up to make this possible.
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The Ugly Truth Behind Poor Hotel Data Security
Revenue Hub
APRIL 26, 2024
NB: This is an article from Revinate Subscribe to our weekly newsletter and stay up to date This chilling tale is the grim reality of poor hotel data security, and it’s one that no property manager wants to experience. And it may find itself at a significant disadvantage compared to competitors who prioritize data security.
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8 Effective Management Tips For Hoteliers
InnQuest
SEPTEMBER 26, 2023
Effective time management is a cornerstone of successful hotel management. Juggling various responsibilities and tasks in the fast-paced world of hotel management can be challenging. This article aims to provide valuable management tips for hoteliers to help them make the most of their time and improve overall efficiency.
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Marketing Priorities for Independent Hoteliers This Year
Revenue Hub
JANUARY 11, 2024
NB: This is an article from WebRezPro But for busy hoteliers with mounting priorities and limited resources, how do you get to them all? Our article on Google Free Booking Links for Hotels will help you get started. Hotel website, automated emails, reviews, OTAs, digital ads, social media, Google.
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Avoid Empty Rooms: How to Attract and Manage Last Minute Bookings
Revenue Hub
FEBRUARY 15, 2024
NB: This is an article from WebRezPro Subscribe to our weekly newsletter and stay up to date Identify Your Audience Do you have a specific guest segment that’s more likely to book last minute? Read the full article at WebRezPro The post Avoid Empty Rooms: How to Attract and Manage Last Minute Bookings appeared first on Revenue Hub.
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How to Properly Record Hotel Packages & Revenue Recognition
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. Packages are, on the one hand, straightforward.
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How to Use Guest Segmentation to Maximize Revenue
Revenue Hub
NOVEMBER 22, 2023
This article will take you through the essentials of customer segmentation and show you how to use this powerful tool to increase bookings significantly. Segment and Target: Utilize customer relationship management (CRM) solutions to send segmented marketing campaigns and tailor content to specific guest groups.
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Customer Lifetime Value (CLV): Identify, Attract & Retain Valuable Guests
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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How to Handle an Eclectic Inventory and Complex Revenue Mix (Case Study)
Revenue Hub
MARCH 13, 2024
With an eclectic inventory – from rooms to beds to apartments – and a broad range of customer types, the hotel group needed revenue management technology that could handle a complex revenue mix. The legacy revenue management vendors can’t really do that, so we looked at more modern options.
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Hotel Front Desk Software: What Is It, Main Features & Examples
Revfine
AUGUST 8, 2023
This includes several different types of software, including property management systems and point-of-sale systems. In this article, you can explore these software types in greater depth, learn about key features, and understand the key benefits.
An AI-Powered Approach to Hotel Restaurant Revenue Management
Revenue Hub
DECEMBER 4, 2023
Automation is the driving factor behind the advancement of revenue management in the changing world of hospitality. NB: This is an article from DynamEat Today’s solutions excel at generating price choices and adjustments automatically by using advances in artificial intelligence and machine learning.
How to Attract Price Sensitive Guests Without Slashing Prices
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. Reservations flow directly into your property management system from your OTA platforms, and availability is automatically updated across all channels.
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Maximizing revenue in serviced apartments: key trends and tips for success
Hospitality Net
DECEMBER 4, 2023
In this article, we’ll delve into key trends shaping the serviced apartment sector and provide actionable tips to help property managers maximize revenue. The traditional boundaries between short and long stays are blurring, fueled by changing guest preferences and advancements in technology.
Hotel PMS: Customisation and Automation
Revfine
MAY 3, 2023
A hotel PMS is a property management system that has been designed for use within hotels and similar forms of accommodation. In this article, you can learn more about why these are valuable and how they can be The post Hotel PMS: Customisation and Automation appeared first on Revfine.com.
A Concise Guide to Hotel Inventory Management
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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A Hotelier’s Guide to Generating Profitable Revenue
Revenue Hub
JANUARY 23, 2024
NB: This is an article from WebRezPro Subscribe to our weekly newsletter and stay up to date The key to raising that bottom line is to generate profitable revenue—in other words, revenue that doesn’t cost too much to earn. Next, you need to use that information to work out the net revenue for each source.
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Getting to Know Your Guests: How to Gather Guest Data
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. And if your website booking system is integrated with your property management system (PMS), you don’t have to enter any data twice.
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Stay Innovative with Automated Hotel Processes
Revenue Hub
APRIL 25, 2023
NB: This is an article from M3 Automated processes promote hoteliers to build financial and operational success within hotels that are necessary to remain competitive in the market. Read rest of the article at M3 The post Stay Innovative with Automated Hotel Processes appeared first on Revenue Hub.
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6 Ways Hotels Can Boost Midweek Occupancy
Revenue Hub
AUGUST 31, 2023
NB: This is an article from WebRezPro Contrary to instinct, drastically reducing room rates won’t guarantee midweek bookings. Hoteliers can look to their property management system to find out who books with them, when they stay (weekends or midweek), the rates they like, and how far in advance they book, for example.
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The Shift from Room-Centric to Guest-Centric Revenue Management
Revenue Hub
DECEMBER 11, 2023
NB: This is an article from Demand Calendar Subscribe to our weekly newsletter and stay up to date This shift is revenue-driven and aims to enhance guest satisfaction, strengthen the brand, ensure customer loyalty, and attract more patrons in a highly competitive market for overnight accommodations.
Best Practices for Managing Your Online Hotel Reviews
Revenue Hub
JUNE 16, 2023
NB: This is an article from WebRezPro To boost bookings, accommodation providers not only need to accumulate online reviews but also respond to them effectively (more than half of consumers say they wouldn’t be likely to use a business that doesn’t respond). Work in moments throughout the guest’s stay to surprise and delight them.
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Future of Hotel Distribution is Based on Data-Driven Commercial Strategies
Revenue Hub
AUGUST 24, 2023
NB: This is an article from RateBoard However, these decisions are often made without sufficient data and factual basis, relying solely on gut feelings. By leveraging existing guest and reservation data from the Property Management System (PMS), hotels can analyze guest behavior and booking trends, extracting insights.
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How Hotels Can Win With Email Marketing Software
Revenue Hub
JANUARY 27, 2023
While many property management systems auto-generate simple transactional emails, proper email marketing software for hotels does so much more than the basics. NB: This is an article from Fuel Travel A full-featured hotel guest messaging solution makes it easy to communicate with future, current, and past guests.
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6 Easy Tips for an Effective Hotel Email Marketing Strategy
Revenue Hub
JUNE 30, 2023
Email marketing is a powerful tool for all-sized properties including motels, hotels and vacation rentals, etc to connect with their guests and drive bookings. NB: This is an article from Staah While segmentation and personalization may sound daunting, they are essential for a successful email marketing campaign.
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8 Non-Negotiables for a Profitable Hotel Distribution Strategy
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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Data Power! How to Use Your PMS to Drive Bookings
Revenue Hub
NOVEMBER 2, 2023
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. Read the full article at WebRezPro The post Data Power! How to Use Your PMS to Drive Bookings appeared first on Revenue Hub.
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Is an Overbooking Strategy Right for Your Property?
Revenue Hub
OCTOBER 11, 2023
Overbookings can be stressful for the front desk and the guest, but you can manage them with ease if you have a proper plan in place. All channel managers and individual channels require careful setup. Read the full article at Cloudbeds The post Is an Overbooking Strategy Right for Your Property?
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8 Non-Negotiables for a Profitable Hotel Distribution Strategy
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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A Strategic Approach to Hotel Guest Personas
Revenue Hub
NOVEMBER 20, 2023
NB: This is an article from Hotelogix Subscribe to our weekly newsletter and stay up to date Understanding Hotel Guest Personas A guest persona is created using insights from data related to guests. Contemporary hotels rely on Property Management Systems that streamline operations for them.
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5 Reasons to Use Revenue Management Solution and Why it is Important for your Hotel
STAAH
APRIL 2, 2024
By basing your strategy on data-driven insights, you will never miss an opportunity 3) Understand guest behaviours and preferences through an RMS that is integrated to your booking, distribution points and operations (property management system). A revenue management solution is not just a rates management system.
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4 Ways to Earn More Direct Hotel Bookings in 2023
Revenue Hub
APRIL 21, 2023
Direct hotel bookings are reservations that a guest makes directly with a property. NB: This is an article from Fuel Travel A direct booking is made with the hotel itself, rather than via a third-party such as an online travel agent, meta-search site, a managed travel service, or similar.
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Now is The Time For a Restart in Hotel Tech!
Revenue Hub
MARCH 27, 2023
The roots of the Property Management System (PMS) stretch all the way back to 1947, when Westin introduced the very first reservation system, Hoteltype. NB: This is an article from Dailypoint In 1958, this was followed by Sheraton’s Reservation: the first automated booking system, inspired by developments in the airline industry.
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8 Essential Reasons to Optimize Your Hotel Booking Engine
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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Is Your Hotel Leveraging Technology to Do More with Less?
Revenue Hub
JUNE 7, 2023
NB: This is an article from Maestro A large part of realizing the benefits of the tech stack is ensuring that stakeholders and users are engaged in doing the work to achieve the desired benefits. The makeup of your hotel’s tech stack determines your property’s capabilities, starting with the property-management system.
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