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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Book Housekeeping Article Reservations 91

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. Problem solved.”

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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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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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Pricing Budgeting Article Reservations 85

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 79

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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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

NOVEMBER 23, 2022

NB: This is an article from WebRezPro. This 2014 (but still very relevant) article by Doug Kennedy of the Kennedy Training Network offers excellent advice about how to quote pricing effectively, including tips for handling rate objections. Proven reservation sales techniques will ensure you snag that booking.

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Book Reservations Property Management Article 76

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 81

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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Book Guest Services Article Marketing 92

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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POS Systems Reservations Book Pricing 62

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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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

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. Jump forward a couple of decades to the late 1970s and the computerized Property Management System (PMS) made its long-awaited debut.

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Reservations Property Management Article Book 72

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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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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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

NOVEMBER 30, 2022

NB: This is an article from IDeaS. Ensuring your commercial decision-making systems understand and can account for the costs to acquire additional reservations through key distribution channels will allow you to evolve your strategy and automate profit-driven, not revenue-driven decisions. Start to review contractual commitments.

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Reservations Pricing Book Accounting 81

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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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. Additionally, the Group Displacement tool within many RMS platforms aids in evaluating the revenue potential of group bookings in comparison to individual reservations.

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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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Revenue Hub

JULY 19, 2023

While occupancy rate is essential for deciding whether your management strategies succeed or fail, there are a few things you should keep in mind regarding this KPI. Along with other hospitality metrics like RevPAR , the occupancy rate is an important KPI that allows better and more accurate revenue management aimed at maximizing income.

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Revenue Hub

DECEMBER 12, 2022

NB: This is an article from WebRezPro. Make a reservation at your property or have a friend do so for you, so you can check the kind of service you receive and make suggestions for improvement. Your property management system (PMS) should make daily operations smoother and more efficient for your staff.

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InnQuest

OCTOBER 5, 2022

This article dives into the importance of direct hotel bookings and shares expert tips to achieve the best results. The most profitable of the three is direct hotel bookings i.e. wherein guests directly reach out to the hotels for all accommodation-related queries and make a reservation. . What’s All The Hype About Direct Bookings?

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Book Pricing Reservations Information 217

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

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 73

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. Thankfully, the industry is now on the up, transforming for the better. Contact us today to book a free demo!

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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 82

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. To find out more about how our Property Management System can maximise your bookings and make your processes more efficient, contact us today. How Do Travellers Feel About Inflation?

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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. Booking.com. Booking.com.

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eZee Absolute

JANUARY 9, 2023

In this article, we’ll show you how to make your hotel the ultimate destination for digital nomads. Which is why it is imperative to offer flexible booking options, such as the ability to easily change or cancel reservations. For hoteliers like you, a mobile app PMS can be your pocket-friendly property management system.

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Book Catering Reservations Marketing 52

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. Customer relationship management (CRM) software provides support here. Property management systems (PMS), ideally with an open interface to export and analyze relevant data.

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Pricing Reservations Marketing Communication 62

Metasphere

MARCH 6, 2022

In this article, we’ve summarized eight reasons why your hotel should install a hotel self check in at your property. Oh, and remember that struggle trying to fill out the guest's e-mail address in the Property Management System without misspelling it? Table of Content Why is Contactless Hotel Check-In Gaining Ground?

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Metasphere

APRIL 3, 2022

Find out in this article as we break down the 5 most important types of guest data. To begin with, you can have a look at your own Property Management System (PMS). These data include the guest's name, contact details, reservation information, past stays, and more. Table of Content. What Is Guest Data?

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eZee Absolute

NOVEMBER 29, 2022

And in this article, I will help you with a complete guide that covers all the stages of running a perfect homestay business. With the help of a robust property management system. A homestay property management system is the epicenter of every operation at the property. How do they do that?

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eZee Absolute

JANUARY 12, 2023

And when we say technology, a PMS (Property Management System) and POS (Point of Sale) system can be particularly useful tools for managing and organizing hotel operations, improving the guest experience, and enhancing financial management. Well, the answer is simple — it should always be from the same hotel tech vendor.

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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. Property management software. But again, having a hotel website with a booking form isn’t enough to acquire reservations. Leveraging property management software. Table of Content.

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