Revenue Hub

OCTOBER 26, 2023

This innovative payment solution is revolutionizing the way travelers make reservations, dine at restaurants, and access a wide range of services within the hospitality sector. The significance of integrating Buy Now, Pay Later in your hotel booking engine BNPL has revolutionized how travelers secure their accommodations.

Book 89

Book Reservations Budgeting Guest Satisfaction 89

Revenue Hub

JULY 26, 2023

NB: This is an article from Global Asset Solutions Unlike other products that can be stored and sold later, the prices of hotel room nights often fluctuate based on supply and demand, with prices typically rising during peak seasons or when major events are happening and falling during slower periods.

Pricing 91

Pricing Book Marketing Article 91

Hotelogix

JANUARY 30, 2024

The report also covers cancellations, no-shows, and temporary reservations for the day. Additionally, it includes reports on no-shows, occupancy, market analysis, company contributions, business analysis, MIS, and a manager flash report with budget details for comprehensive analysis. Benefits of these reports Here they are.

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Housekeeping Reservations Budgeting Book 148

SiteMinder

MAY 6, 2024

Why is booking engine comparison important? A booking engine comparison is the process of evaluating different platforms to understand their features, functionalities, and suitability for a specific hotel. Enhance guest experience by offering a smooth and efficient booking process.

Book 52

Book Catering Reservations Information 52

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. These platforms work like magic to spread the word about property, inventory, prices, offers, etc. Then this guide is all you need.  

Book 269

Book Budgeting Catering Strategic Planning 269

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.

Book 91

Book Article Marketing Pricing 91

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

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.

Book 59

Book Travel and Tourism Reservations Blog 59

eZee Absolute

MAY 13, 2024

Imagine this: a weekend rolls around, and your competitor’s rooms are booked solid, while yours have a surprising number of vacancies. They unlock valuable insights into guest behavior, pricing trends, and competitor data. And you wonder what you must be doing wrong, right? RMS reports are like secret weapons for hoteliers.

Pricing 52

Pricing Book Reservations Budgeting 52

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? They act as the secret ingredient that can help you achieve this fine balance of setting the right price at the right time.

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Reservations Pricing Book Catering 96

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.

Book 74

Book Reservations Article Budgeting 74

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.

Pricing 59

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 86

Hotel Owner

OCTOBER 17, 2023

While occupancy levels still lag behind pre-pandemic levels, many consumers are opting for budget hotels, squeezing middle-market options. and budget hotels at £108.70. This gap has widened, with luxury hotel prices 268% higher than budget hotels in July 2023, compared to the pre-pandemic peak season at 244%.

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Budgeting Events Reservations Marketing 98

MEWS

JANUARY 16, 2023

It is about lower-priced shared accommodations with a large dorm room containing bunk beds and shared bathroom facilities. They generally appeal to a younger audience on a shoestring budget who is willing to forgo privacy to spend less. Hostels are able to keep prices down by offering basic services and amenities.

Budgeting 130

Budgeting Reservations Book Housekeeping 130

InnQuest

SEPTEMBER 12, 2023

It handles guest reservations, check-in/check-out processes, and room assignments and provides concierge services. This includes advertising, promotions, pricing strategies and partnerships with travel agencies and online booking platforms. Continuously monitor and adjust pricing strategies to maximize profitability.

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Maintenance Guest Satisfaction POS Systems Housekeeping 220

Revenue Hub

APRIL 24, 2024

In order to maximize revenue across the business, hoteliers should focus their budget on elevating the guest experience using advanced reservations, distribution, marketing, and data services. When travelers feel like a brand knows them and what they want, it increases their likelihood to book and deepens loyalty.

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Book Reservations Article Information 90

Revenue Hub

NOVEMBER 1, 2023

Did you know that, on average, hotels using automated pricing solutions experience a 22% increase in revenue and a 4% increase in ADR? In addition, hotels using an automated pricing solution save 10 hours per week on average, eliminating the tedious, time-consuming process of manually calculating and updating room rates on Excel spreadsheets.

Pricing 86

Pricing Budgeting Reservations Article 86

Revenue Hub

OCTOBER 25, 2023

As a hotel owner or manager, you’re continually exploring ways to boost your property’s visibility, manage bookings efficiently, and maximize revenue. They allow hotels to reach a global audience through travel agencies and online booking platforms. Corporate travel agencies and large businesses often use GDS to make reservations.

Book 96

Book Reservations Guest Satisfaction Pricing 96

Blue Magnet Interactive

OCTOBER 31, 2023

While OTAs typically charge a commission for every booking, the volume of potential guests they bring to a hotel often offsets this cost. Direct Bookings through Hotel Websites With the right marketing strategy, hotels can drive a significant amount of traffic to their official websites.

Book 52

Book Budgeting Pricing Reservations 52

Revenue Hub

NOVEMBER 15, 2022

Yet ADR in UK hotels is still growing, business on the books remains strong and travel sentiment from consumers is positive. If your hotel is not currently considering including new technology in the 2023 budget, below are 5 things you may wish to consider – plus an added bonus: 1 reason NOT to adopt new technology.

Budgeting 52

Budgeting Guest Satisfaction Article Document 52

eZee Absolute

SEPTEMBER 22, 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? They act as the secret ingredient that can help you achieve this fine balance of setting the right price at the right time.

Catering 52

Catering Reservations Book Pricing 52

Revenue Hub

SEPTEMBER 27, 2023

NB: This is an article from Bookboost This means the focus is mainly on short-term relations with guests, and once the transaction is done (the booking is made), the relationship ends. It aims to drive immediate sales and bookings through various promotional tactics. Can you see what this approach is lacking?

Marketing 90

Marketing Guest Satisfaction Reservations Book 90

eZee Absolute

DECEMBER 7, 2023

It helps you better manage resources, predict customer wants and needs, and come up with the most effective pricing strategies to boost your hotel’s revenue. For example, a hotel utilises various channels to drive booking. But imagine how tedious it would be to adjust prices across all the distribution channels.

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Budgeting Pricing Blog Information 98

Xotels

APRIL 3, 2024

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Many define revenue management as: “Selling the Right Room to the Right Client at the Right Moment at the Right Price.” What Makes Hotels Suitable to Apply Revenue Management?

Pricing 52

Pricing Book Budgeting Marketing 52

Revenue Hub

APRIL 11, 2023

Still, it is one of the most critical decisions hoteliers can make to improve profitability and boost reservations. Marketing systems collect information about guests, and the hotel PMS has all the information about the reservations, which reflects guest behavior. That was when the hotel booking engines started to emerge and grow.

Book 76

Book Information Reservations Catering 76

Revenue Hub

JULY 10, 2023

By identifying where the business is coming from and what motivates guests to complete a purchase, you can better define effective pricing strategies and target your offer to meet their needs. You can also use this information to better forecast and adjust rates and budgets according to various target profiles.

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Marketing Special Events Book Article 82

Revenue Hub

APRIL 4, 2023

NB: This is an article from 80 Days This growing channel allows you to drive direct bookings at lower equivalent commissions and compete directly with OTAs (Online Travel Agents). This makes it easy for travellers to compare prices for your hotel across all booking channels. Lots and lots of direct bookings.

Book 70

Book Article Budgeting Reservations 70

Modern Restaurant Management

OCTOBER 1, 2022

Restaurants, in turn, have to deal with skyrocketing prices on products and fuel. Let’s look at low-budget restaurant marketing ideas to succeed in inflationary times. Three Tips to Promote a Restaurant on a Low Budget. From email promotions to UGC and influencers, digital marketing provides tools for various budgets.

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Marketing Budgeting Communication Information 203

Revenue Hub

OCTOBER 10, 2023

A few of the many key pieces of information include current comp set data about who we price to and how, accurate room type descriptions and premiums on room type pricing, the cost to service a room and even the wash factor by segment.

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Information Reservations Pricing Events 103

SiteMinder

OCTOBER 11, 2022

Duties include greeting guests, making bookings, taking phone requests and managing complaints. This can include making restaurant reservations, arranging transport and providing information about the local area. Reservation agent. Duties can include managing a team, scheduling staff, processing payroll, and budgeting.

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Maintenance Concierge Front of House Budgeting 72

Larry Mogelonsky

MARCH 7, 2024

You give a guest four room types and they have no problem selecting which one fits their needs and budget. How about solving this with a purchasing sequence within the internet booking engine (IBE) so that these variables act akin to a prix fixe menu? Why exactly?

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Book Budgeting Reservations Presentation 100

Revenue Hub

NOVEMBER 9, 2022

But, with a predictive market intelligence tool , powered by flight and hotel search data, you can quickly grasp pre-booking market demand and take advantage of potential revenue opportunities before competitors. From the data displayed in the previous section it is evident that search data is a sound indicator of hotel booking intent.

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Marketing Book Reservations Article 79

Revenue Hub

FEBRUARY 9, 2023

Booking behavior appears to also be up: 17% of American travelers said they made reservations or purchased tickets for trips in the last week alone. Currently, 42% of American travelers say high travel prices have kept them from traveling in the past month, down from 49% in December.

Article 81

Article Budgeting Reservations Presentation 81

SiteMinder

SEPTEMBER 7, 2023

Reservation cancellation fees These are charged when guests cancel their bookings, especially if done at the last minute. They help mitigate the revenue loss from unsold rooms and encourage responsible booking behaviour. Depending on where you’re operating, taxes may be included in the room price (e.g.

Book 105

Book Valet Services Travel and Tourism Maintenance 105

Revenue Hub

APRIL 3, 2023

The best way to do this is to effectively manage your budget and follow a data-driven total revenue management strategy. Think about everything that a typical guest experiences when they book a room at your hotel. Prioritise direct bookings Most hotels have become heavily reliant on OTAs for securing bookings.

Guest Satisfaction 71

Guest Satisfaction Book Reservations Article 71

Hotel Business

MARCH 13, 2024

One such way to do this is via short-term microstays, which allow guests to reserve a room for two to 12 hours in the daytime and access all the amenities of an overnight stay. Microstays also provide hotels with an opportunity to connect with budget-conscious travelers who may be priced out of their rooms otherwise.

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Guest Satisfaction Catering Budgeting Scheduling 69