Hospitality Net

JANUARY 17, 2024

As another budget season in the books, it’s a good time to pause and reflect on the lessons learned from this critical period. I talked with the HSMAI Rising Revenue Optimization Leader Council about the challenges faced and strategies employed during this time.

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Budgeting Book 74

MEWS

FEBRUARY 27, 2023

Hotel distribution is a hot topic, which is why it’s important to understand the difference between a hotel direct booking vs OTA booking and which is better for hotels. While OTAs have large advertising budgets, which can increase your hotel’s visibility, this also comes at a cost, namely in the form of commissions.

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Revenue Hub

NOVEMBER 30, 2022

With the industry still recovering from the pandemic and inflation impacting both revenues and operational costs, what should budget 2023 consider? The unprecedented volatility has made the task of budgeting for 2023 daunting. Let’s look at a few areas you should think about when preparing the annual budget for your hotel.

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Budgeting Pricing Accounting Article 78

SiteMinder

SEPTEMBER 10, 2023

What is a hotel budget? A hotel budget is a financial plan that outlines the projected income and expenditures for a specific period, usually one fiscal year. It serves as a financial blueprint, detailing various revenue streams such as room bookings, food and beverage sales, and ancillary services.

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Budgeting Maintenance Front Desk Operations Document 59

Hotel Owner

MAY 15, 2023

The budget hotel sector has seen major growth in the last few years as people either cut back on luxuries or want less luxury from their hotel stays. In 2022, Easyhotel’s RevPAR was up 56% and its market share increased showing strength of the budget model in the current climate. The outlook is good.

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Revenue Hub

MARCH 14, 2024

Hotel booking apps are now a dominant source of bookings for accommodation providers, with travellers booking their trips online more often than not. billion in 2023, booking apps are where the money is – as well as your own hotel website. The wider you cast your net, the better too.

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Book Article Definition Budgeting 80

Hotel Owner

AUGUST 7, 2023

Travelodge has announced it is upgrading a further 55 hotels across its estate to the group’s new Budget-Luxe design, with 25 sites in key staycation destinations fast tracked to be completed in time for the summer staycation period.

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InnQuest

OCTOBER 5, 2022

As time progresses, direct bookings are becoming an integral part of every hotel’s distribution mix. After all, paying hefty commissions for third-party bookings isn’t the most desirable way to handle business. Hoteliers across the globe understand this and are now focusing on how to get more direct hotel bookings for their business.

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Book Pricing Reservations Information 217

STAAH

NOVEMBER 29, 2022

With the industry still recovering from the pandemic and inflation impacting both revenues and operational costs, what should budget 2023 consider? The unprecedented volatility has made the task of budgeting for 2023 daunting. Let’s look at a few areas you should think about when preparing the annual budget for your hotel.

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Budgeting Pricing Book Accounting 63

Revenue Hub

OCTOBER 12, 2022

This trend continued throughout the summer, laying excellent foundations for a strong Q4 where hotel reservations are already outpacing 2019 bookings, according to Amadeus business intelligence data. With such positive indicators heading into 2023, how are you preparing to allocate your technology budget to tackle your greatest needs?

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Budgeting Reservations Book Article 85

SiteMinder

DECEMBER 3, 2023

What are holiday bookings? Holiday bookings refer to the reservations made by individuals or groups for accommodation, travel, and other related services during their vacation period. For hotel managers, effectively managing holiday bookings is crucial.

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Book Pricing Reservations Budgeting 105

Revenue Hub

AUGUST 10, 2023

Budget concerns driven by rising inflation can affect leisure traveler’s plans – but the right strategy can help to ease those concerns. In this article, we will use insights from the survey to identify ways hoteliers can make a positive impact in easing traveler budget concerns. Consider the location and views of each room.

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Revenue Hub

DECEMBER 13, 2023

For hotel managers, effectively managing holiday bookings is crucial. With the rise of digital platforms and online travel agencies, the process of making holiday bookings has become more streamlined, allowing travellers to plan their perfect getaway with just a few clicks.

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Book Budgeting Article Reservations 93

Revenue Hub

OCTOBER 20, 2023

Budget season is upon us, and around the world hotel owners and operators are buried deep in data trying to come up with 2024 performance numbers. NB: This is an article from Hotstats What unique challenges are hotels facing in the 2024 budgeting and planning process? HotStats reached out to global hotel leaders to find out.

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Budgeting Travel and Tourism Pricing Article 97

Revenue Hub

JANUARY 17, 2024

As the hospitality industry gears up for a transformative year in 2024, hoteliers face an exciting challenge – how to capitalise on emerging trends to boost bookings and revenue in the first two quarters. The more personalised the experience, the higher the likelihood of securing bookings. Userguest is your ally in this endeavour.

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Book Pricing Article Marketing 93

Revenue Hub

JULY 25, 2023

NB: This is an article from Triptease , one of our Expert Partners But getting it right requires hoteliers to budget and manage costs effectively. In this blog, we’ll explore essential steps to help hoteliers optimize costs and budgets in their advertising campaigns.

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Budgeting Strategic Planning Article Blog 76

Revenue Hub

SEPTEMBER 20, 2023

In our first article , we explored three effective steps to elevate your independent hotel’s online reputation, boosting the number of positive bookings to drive more direct bookings. When it comes to increasing direct bookings, guest satisfaction is key.

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Book Guest Satisfaction Article Budgeting 100

Revenue Hub

SEPTEMBER 6, 2023

In the age of digital transformation, the hospitality industry has witnessed a significant shift in how travelers plan and book their accommodations. When the CRS integrates Google Ads, it ensures that this specific messaging is displayed on Google Ads even before the prospects land on the booking engine.

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Book Budgeting Reservations Article 79

Revenue Hub

NOVEMBER 9, 2023

As a hotelier or revenue manager, you’re no stranger to the intricacies of managing bookings. NB: This is an article from Topline Revenue , one of our Expert Partners Yet, group bookings present a unique challenge. Fear not, though, because we’re here to guide you through the process of mastering group booking management.

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Book Pricing Guest Satisfaction Article 89

Revenue Hub

OCTOBER 26, 2023

The significance of integrating Buy Now, Pay Later in your hotel booking engine BNPL has revolutionized how travelers secure their accommodations. Rather than requiring an immediate full payment upfront, they can book their stay and choose to spread the cost over several weeks or months.

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Book Reservations Budgeting Guest Satisfaction 88

SiteMinder

MARCH 13, 2024

What is a hotel booking app? A hotel booking app is an application or website that travellers use to book a stay at a hotel. Often travellers will use apps via their mobile devices to research, book, and pay for hotel accommodation. Table of contents Why should you be aware of the best hotel booking apps?

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Revenue Hub

DECEMBER 14, 2023

That is why no benchmarking experience can be considered comprehensive without frequent insight into future booking levels in the marketplace. This gives you the most accurate, like-for-like insights into how your business on the books is shaping up. Pickup shows the change in bookings from one data collection period to the next.

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Book Article Marketing Pricing 90

eHotelier

FEBRUARY 13, 2024

According to the 2024 Lodging Technology Study, 100% of survey respondents (hotel professionals representing more than 10,000 properties worldwide, including luxury, upscale, midscale, and economy brands) say their IT budgets will increase or hold steady this year.

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Book Budgeting Property Management 130

Boutique Hotel News

NOVEMBER 25, 2022

[SPONSORED CONTENT] Payment software company Flywire outlines some key considerations for easing the booking and payment process. Travellers are placing top priority on getting out of their comfort zones in booking their 2023 trips. Booking.com’s 2023 travel predictions yield some gems for accommodations providers.

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Book Budgeting Presentation Information 130

Hotelogix

DECEMBER 7, 2023

To be very precise, it has shaped the way guests book their accommodations at hotels. This gives them a better idea of what fits their requirement and budget best. If you want to generate incremental OTA bookings well, you need to work with the best of them with a well-thought-out strategy. Then this guide is all you need. 

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Book Budgeting Catering Strategic Planning 268

Revenue Hub

OCTOBER 21, 2022

Are you struggling to win the direct booking “war”? Wondering if it’s even possible for non-branded properties without massive marketing budgets to beat the OTAs at their own game, and drive more bookings to their website? How will direct booking and website technology evolve in the next 5 years? If so, how?

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Book Events Budgeting Marketing 91

Revenue Hub

MAY 16, 2023

The hospitality industry has experienced significant transformations in recent years, particularly in the way hotel bookings are made. As a hotelier, understanding the pros and cons of both hotel direct bookings and hotel bookings from OTAs is crucial for developing an effective revenue management strategy.

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Book Pricing Guest Satisfaction Article 69

Blue Magnet Interactive

OCTOBER 27, 2023

This article unravels the significance of each component of a well-balanced 2024 Hotel Marketing Budget and offers insights into how you can invest wisely. Here’s why it’s absolutely pivotal to channel a significant portion of your 2024 hotel marketing budget into digital arenas: Global Reach: The internet knows no boundaries.

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Budgeting Marketing Blog Book 52

Revenue Hub

MARCH 16, 2023

This is a notable shift in traveler booking behavior as travelers previously tended to book closer to their departure date to avoid last-minute changes or cancellations because of the uncertainty of COVID. Consumers remain eager to travel – 46% said travel was more important to them now than before the pandemic.

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Book Budgeting Article Marketing 69

SiteMinder

OCTOBER 15, 2023

What are booking channels? Booking channels are platforms by which your hotel can accept reservations online or offline. Examples of booking channels include your own website, online travel agents like Booking.com, metasearch sites like Google, traditional travel agencies, global distribution systems (GDS), and more.

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Book Travel and Tourism Reservations Blog 59

Serviced Apartments

MAY 2, 2023

Worldwide: Business Travel Show Europe data has shown that 93 per cent of corporates have sustainable travel programmes but 77 per cent have not set carbon budgets, with half blaming inadequate online booking tool functionality. 5 26 per cent 21 per cent We rely on our TMC for that. 9 19 per cent n.a.

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Budgeting Procurement Information Book 64

Xotels

AUGUST 15, 2022

How far are you with your targets, budget, and plan of attack for next year? Did you make your new hotel budget already or are you right in the middle? Now is the time to take action to build your hotel budget plan! Hotel Budgets: Where it All Starts… The basis of the target or budget lies in a detailed demand calendar.

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Budgeting Marketing Blog Accounting 59

PhocusWire

DECEMBER 12, 2022

The majority of buyers (75%) say they are dissatisfied with their online booking tool’s ability to include carbon budgets and carbon emissions at point of sale.

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Hospitality Net

SEPTEMBER 6, 2023

Imagine this — it’s the height of the holiday season, and your hotel is fully booked. You have limited staff, but you’re not worried. Because your text messaging app helps guests easily communicate their needs and an AI assistant automatically provides accurate answers. How much simpler would that make your daily operations?

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Budgeting Communication Book 75

Revenue Hub

FEBRUARY 2, 2023

This led to their search for a solution to effectively increase their direct bookings, without doing so at the expense of their promotional budget. Download the full case study to find out how they successfully adapted their strategy to focus on low-intent users to increase direct bookings.

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Book Download Reservations Article 74

Revenue Hub

MARCH 22, 2023

Direct bookings have become essential to any independent hotel’s distribution mix. Subscribe to our weekly newsletter and stay up to date Still, it’s important to note that all bookings are innately good. Different types of bookings will bring you varying amounts of revenue and profit.

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Book Reservations Article Budgeting 72

Hospitality Net

FEBRUARY 12, 2024

According to the 2024 Lodging Technology Study, 100% of survey respondents (hotel professionals representing more than 10,000 properties worldwide, including luxury, upscale, midscale, and economy brands) say their IT budgets will increase or hold steady this year.

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