STAAH

MARCH 19, 2024

In the competitive hospitality industry, securing direct bookings is vital for hotel success. But why is it important to develop winning strategies to increase direct bookings? Direct bookings boost profits by cutting commission fees and allow hotels to build better guest relationships.

Book 85

Book Guest Satisfaction Pricing Marketing 85

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.

Book 95

Book Pricing Guest Satisfaction Article 95

Revenue Hub

AUGUST 22, 2023

Dynamic pricing is vital for hotel success today, but only some operators can see beyond the guestroom when applying this technology. NB: This is an article from IDeaS Many factors impacting guestroom dynamic pricing, like seasonality and occupancy, also play a role when optimizing event revenue. What could that look like in practice?

Pricing 89

Pricing Events Book Guest Retention 89

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.

Book 105

Book Pricing Reservations Budgeting 105

SiteMinder

OCTOBER 10, 2023

What is hotel price monitoring? Hotel price monitoring is a crucial practice that involves tracking the prices of hotel rooms, both within your own portfolio and across competitors. This data-driven approach enables you to make informed pricing decisions , ensuring you remain competitive in the market while maximising revenue.

Pricing 59

Pricing Guest Satisfaction Information Catering 59

SiteMinder

OCTOBER 10, 2023

What is discount pricing? Discount pricing is a revenue management strategy where prices are lowered temporarily or for certain conditions to attract guests and boost occupancy rates. By offering discounted prices, hotels aim to increase demand, especially during off-peak periods, without compromising on profitability.

Pricing 59

Pricing Guest Satisfaction Book Events 59

Hotelogix

DECEMBER 7, 2023

To be very precise, it has shaped the way guests book their accommodations at hotels. These platforms work like magic to spread the word about property, inventory, prices, offers, etc. If you want to generate incremental OTA bookings well, you need to work with the best of them with a well-thought-out strategy.

Book 268

Book Budgeting Catering Strategic Planning 268

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.

Book 93

Book Reservations Budgeting Guest Satisfaction 93

Revenue Hub

MAY 2, 2023

NB: This is an article from Lybra , one of our Expert Partners A well-defined pricing strategy is vital for the success of any hotel business. Hotel pricing is a dynamic process influenced by various factors, including location, competition, customer preferences, and seasonality.

Pricing 67

Pricing Article Book Events 67

Revenue Hub

MARCH 21, 2023

Price elasticity is an essential KPI for any business, and the hotel industry is no exception. NB: This is an article from Lybra , one of our Expert Partners It measures the responsiveness of demand for a product or service to changes in its price. Seasonality This is another important factor that affects price elasticity.

Pricing 81

Pricing Article Budgeting Events 81

Revenue Hub

JUNE 21, 2023

NB: This is an article from The Hotels Network , one of our Expert Partners With travel demand on the rise, it’s crucial for hotels to embrace creative marketing techniques that captivate potential guests and motivate them to book directly.

Book 86

Book Article Pricing Catering 86

eZee Absolute

SEPTEMBER 11, 2023

Dynamic Pricing Strategies was his magic trick!! Well, I have had some idea about dynamic pricing but I couldn’t let him go without knowing his secret. In this blog, I will discuss everything Arjun told me (and what I know now) about dynamic pricing for hotels and how you can make the most out of it to mint revenue for your business.

Pricing 59

Pricing Book Marketing Events 59

Revenue Hub

JUNE 22, 2023

If you want to get bookings, online is the place to be. Subscribe to our weekly newsletter and stay up to date Understand your playing field and define your identity Travellers can turn to OTAs, social media or search engines to find and book a property that suits their travel needs. For properties that cater to the business segment.

Book 83

Book Marketing Presentation Article 83

STAAH

JUNE 20, 2023

If you want to get booked, online is the place to be. Understand your playing field and define your identity Travellers can turn to OTAs, social media or search engines to find and book a property that suits their travel needs. For properties that cater to the business segment. That’s the part that many hoteliers struggle with.

Book 90

Book Download Presentation Marketing 90

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

InnQuest

SEPTEMBER 12, 2023

Food and Beverage Services: This department manages all dining and catering services within the hotel, including restaurants, room service, banquets, and bars. This includes advertising, promotions, pricing strategies and partnerships with travel agencies and online booking platforms.

Maintenance 220

Maintenance Guest Satisfaction POS Systems Housekeeping 220

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. What are hotel rate types?

Reservations 100

Reservations Pricing Book Catering 100

Revenue Hub

NOVEMBER 29, 2023

Group bookings are always the first to suffer in a downturn, but these events can’t stay down for long. Traveler booking decisions have become unpredictable, and few hoteliers today can claim to reliably predict group travel trends going forward – that is, without access to modern data analytics informed by revenue management.

Book 99

Book Events Pricing Catering 99

InnQuest

OCTOBER 11, 2023

This platform stands out with its intuitive website and app, making it easy to find and book hotels, vacation rentals and even flights. Booking Flexibility: Look for options that allow changes or cancellations. Conclusion The top OTAs of 2023 offer a range of services to cater to the diverse needs of travelers.

Information 220

Information Book Blog Pricing 220

The Restaurant Times

FEBRUARY 7, 2023

Menu pricing is one of the most underestimated aspects of restaurant management. If your customers don’t think the prices on your menu are reasonable, how great your concept or your food is won’t matter much. This is where the concept of dynamic pricing comes in to help restaurants! What Is Dynamic Menu Pricing?

Pricing 52

Pricing Reservations POS Systems Marketing 52

InnQuest

MARCH 2, 2023

In that case, you can focus on providing amenities that cater to their needs, such as a well-equipped business center or high-speed internet. This includes everything from online booking systems and inventory management to customer relationship management tools. Book a demonstration of our award-winning hotel management software here.

Customer Service 224

Customer Service Training Guest Satisfaction Property Management 224

Revenue Hub

NOVEMBER 21, 2023

Understanding the Elements of Precision Segmentation The ability to cater to diverse guest preferences is crucial in hotels. Distribution Channel: Significance : Knowing how guests book (e.g., through OTAs, direct bookings, and travel agents) aids channel-specific marketing and service customization.

Marketing 93

Marketing Catering Pricing Book 93

InnQuest

JANUARY 5, 2023

And to be able to cater to this modernized approach, it is extremely crucial for businesses in the hospitality industry to upgrade their existing on-premise management systems to cloud-based systems. One place for all your needs – roomMaster Anywhere comes with intuitive hotel booking software and channel management software.

Property Management 224

Property Management Book Catering Reservations 224

InnQuest

JULY 10, 2023

As markets continue to prioritize brands that cater to individual preferences the best, every business’s success depends on how well it offers personalized experiences to end-users. Imagine walking into a hotel that anticipates your needs, understands your unique desires and precisely caters to your individual preferences.

Marketing 130

Marketing Catering Budgeting Pricing 130

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

FEBRUARY 7, 2024

By analyzing large volumes of data, such as customer preferences, booking patterns, competitors, and market trends, hotels can gain valuable insights into the demand for group bookings. Hotels can also use these insights to optimize pricing strategies by identifying demand patterns and price sensitivity among customer segments.

Catering 85

Catering Book Article Pricing 85

Revenue Hub

SEPTEMBER 12, 2023

Subscribe to our weekly newsletter and stay up to date By understanding the different types of guests a hotel attracts and tailoring pricing and marketing strategies accordingly, hotels can unlock significant revenue potential. These characteristics can include demographics, psychographics, booking patterns, and more.

Pricing 107

Pricing Book Article Blog 107

Revenue Hub

DECEMBER 8, 2023

Read on as we explore four innovative promotional strategies that can help hotels increase bookings and appeal to a wide range of travelers, especially during this holiday season. Enter the concept of ‘Staycations’ – a perfect solution for those seeking a vacation experience without the hefty price tag of long-distance travel.

Catering 95

Catering Events Article Book 95

Modern Restaurant Management

JANUARY 9, 2024

Banks have been reducing exposure to small businesses ever since the pandemic, and now with higher interest rates putting pressure on bank deposits and greater regulatory scrutiny, banks are reducing their loan books even more. Cater to buy-local mindsets. Platforms like Parler were conceived on this idea.

Budgeting 193

Budgeting Pricing Marketing Catering 193

STAAH

JANUARY 29, 2024

STAAH, a leading global provider of hotel guest acquisition and management technology, has announced completion of its integration with Holidu, a German vacation rental platform that booked 1.5 Mutual customers can now capitalise on the booking USD 100 billion vacation rental industry. million guests in 2023.

Book 77

Book Catering Customer Service Business Development 77

Revenue Hub

DECEMBER 1, 2023

NB: This is an article from APS (Above Property Services) Subscribe to our weekly newsletter and stay up to date In response to these challenges, the industry is turning towards innovative pricing strategies, with Attribute-Based Selling (ABS) (also known as Attribute-based Pricing) emerging as a notable trend.

Pricing 96

Pricing Guest Satisfaction Presentation Article 96

Revenue Hub

SEPTEMBER 13, 2023

Review booking systems and upgrade, if needed Booking systems are a foundational tool for successful hoteliers, so it’s worth pausing to consider the following: Are you confident in your booking system’s ability to handle a large influx of traffic and reservations during the Olympics without issues?

Pricing 82

Pricing Book Events Article 82

Revenue Hub

OCTOBER 26, 2023

Drive direct bookings Direct bookings mean you don’t have to pay commission fees to an online travel agent, saving you up to 20% on each booking. Of course, you must maintain rate parity (the same rate on your website as on the OTA) but try making booking direct a more attractive method by offering guests value-added services.

Book 97

Book Article Catering Pricing 97

Hotelogix

OCTOBER 18, 2023

A hotel reservation system is far more than a booking tool. What is a Hotel Reservation System A Hotel Reservation System is a software solution designed to facilitate and manage booking accommodations and other guest-related services at your hotel.  This attention to detail contributes to guest loyalty and positive reviews.

Reservations 100

Reservations Book Information Guest Satisfaction 100

InnQuest

OCTOBER 3, 2023

Multiple Payment Options: These solutions can accommodate various payment methods, making it easier for hotels to cater to guests’ diverse preferences. Real-time Updates: Thereafter, integration with property management system s (PMS) provides real-time updates on room availability and pricing.

Guest Satisfaction 221

Guest Satisfaction Information Property Management Blog 221

STAAH

FEBRUARY 14, 2024

Among the notable players in this domain is STAAH, offering a CRS that goes beyond the conventional, providing a unified and simplified booking tool for hoteliers. STAAH CRS takes this functionality a step further by offering a user-friendly interface that empowers reservation agents to effortlessly manage bookings.

Reservations 88

Reservations Book Guest Satisfaction Pricing 88

SiteMinder

APRIL 17, 2024

Hotwire.com is an online travel site that offers opaque pricing for hotel rooms, rental cars, and airline tickets. It allows travellers to book accommodations and other travel services at discounted rates without initially revealing the provider’s name. Hotwire.com operates on what’s known as an opaque pricing model.

Pricing 52

Pricing Book Blog Information 52