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.

Pricing 86

Pricing Budgeting Article Reservations 86

Hotelogix

FEBRUARY 1, 2024

High-end hotel management software or hotel property management systems (Hotel PSM) have a hefty price tag. For small hotels operating on tight budgets, these expenses can be prohibitive.   The challenges are multifold. There's the issue of cost.

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Hotelogix

OCTOBER 18, 2023

  👉It offers real-time information about room availability, pricing, and amenities, allowing potential guests to make informed decisions and quickly secure their reservations. It allows them to browse available rooms, view pricing and amenities, and make real-time reservations through various channels.

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Reservations Book Information Guest Satisfaction 100

Revenue Hub

MARCH 19, 2024

Data integration Effective data integration is a critical component of a hotel BI solution as it allows for the consolidation of data from various sources such as your Property Management System (PMS) and Revenue Management System (RMS) into a single, unified view. Providing you with a single source of truth.

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Strategic Planning Information Article Budgeting 93

Revenue Hub

JANUARY 11, 2024

Yes, yes, there are other search engines out there but the reality is that Google dominates when it comes to travel planning and can help your hotel get out in front even if you’re on a budget. Google Hotel Ads: If you have the budget, Google Hotel Ads can get you listed within the top four paid results.

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Marketing Blog Budgeting Article 100

InnQuest

JULY 10, 2023

Benefits of Hotel Market Segmentation In today’s competitive environment, effective market segmentation recognizes that not all guests have the same needs, preferences or budgets, and that a one-size-fits-all approach is no longer effective. To learn about hotel pricing strategies to boost revenue in 2023, read this.

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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. Income level: Budget travelers, mid-range, luxury seekers, etc. Gender: Male, female, non-binary, etc.

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Pricing Book Article Blog 105

Hotelogix

OCTOBER 19, 2023

To get a clear picture of your hotel compset analysis, you need to start with the following steps: Define your goals for competition, such as attracting more guests or increasing prices for greater revenue, or improving services compared to competitors. Identify your position as midscale, Budget, or Luxury and include similar properties.

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Pricing Competitive Analysis Marketing Budgeting 100

Hotel Owner

FEBRUARY 21, 2024

We need the current Property Management System (PMS) architecture to evolve away from being focused on reporting in accordance with accounting principles (GAAP and/or USALI) in order to evaluate department heads and pay taxes. In a nutshell: Revenue Management 2.0 Is a competitor closed for refurbishment?

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Pricing Information Budgeting Marketing 52

Xotels

APRIL 3, 2024

What Makes Hotels Suitable to Apply Revenue Management? What Does the Process of Revenue Management Look Like? Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? IKEA (offering lower prices at times when it is least busy).

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Pricing Book Budgeting Marketing 52

Revenue Hub

OCTOBER 28, 2022

Pricing by on-the-books, checking-in no-show bookings, and countless rounds of reworking the budget—these are just some of a hotel and hospitality revenue manager’s worst nightmares. The pricing “Pontianak”. It’s also crucial (but often forgotten) to know the price sensitivity bands for each product.

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Pricing Book Information Article 81

InnQuest

OCTOBER 5, 2022

These platforms offer multiple benefits for the price paid, including marketing and exposure to global markets. Most of the time, a customer won’t indulge in direct hotel bookings via the website because hotels offer the same rooms at lower prices through OTAs. This phenomenon is popularly known as the billboard effect.

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Book Pricing Reservations Information 217

Boutique Hotel News

APRIL 18, 2023

Yanolja Cloud is leading digital transformation around the world for properties with accommodations, food and beverage, residential, golf, and other leisure facilities. Or a channel manager to ensure their property has the widest reach of potential customers. Previously, hotel owners did that manually or simple tools were used.

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Property Management Events Budgeting Marketing 130

InnQuest

AUGUST 3, 2023

However, many visitors also come back because they believe the hotel’s price-to-value ratio is competitive. Power’s 2022 North America visitor satisfaction report , the pandemic has significantly accelerated the rise in guest expectations and loss in guest happiness across almost all hotel segments, from budget to luxury.

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Guest Satisfaction Book Document Blog 217

SiteMinder

AUGUST 22, 2023

Table of contents Suffering from unreliable channel management options In 2014, Sri Phala Resort & Villa became the first property in The Phala Group to use SiteMinder to maximise their online distribution. “Regarding the pricing issues we were facing, the SiteMinder team offered several alternatives.”

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Book Budgeting Property Management Pricing 98

Boutique Hotel News

OCTOBER 28, 2022

From shopping malls to beach clubs, museums to theme parks, there are now activities and experiences in Qatar for every type of traveller, from every nation, and to suit every budget. As well as Qatar’s hotels, the state’s nascent vacation rental sector is also seeing a boom, as well as providing accommodation at a lower price point.

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Travel and Tourism Book Events Budgeting 130

eZee Absolute

JULY 31, 2022

Property management software. Pricing strategy. Pricing is at the core of a hotel’s overall revenue strategy. Here are some of the tactics you might want to try at your hotel: Price a little higher than your competitor but offer more extras and add-ons. Hotel Bell is a small property in the city of Guwahati, Assam.

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Blog Pricing Book Property Management 52

eZee Absolute

DECEMBER 11, 2023

Table of Content The Role of a Channel Manager How to choose the right channel manager for your property? So, here are some of the key features you must look for before you choose the right channel manager: Compatibility with Your PMS Property Management System (PMS) is the heart of your hotel operations.

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Book Pricing Information Training 59

SiteMinder

MARCH 13, 2024

Cheapest hotel app There’s really no definitive ‘cheapest’ hotel app, since budget hotels and affordable accommodations can be found on all apps. Travellers might also use metasearch apps like Trivago , or local apps such as Australia’s Wotif , to discover properties at lower prices and easily compare their options.

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Book Reservations Blog Housekeeping 78

SiteMinder

OCTOBER 15, 2023

Using online booking channels makes it much easier to: Access international travellers Sell your rooms in more places Optimise pricing and revenue strategies Take and process online payments Gain insight into your performance Online booking channels are best utilised when being managed by hotel software such as a channel manager.

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Book Travel and Tourism Reservations Blog 59

STAAH

JULY 11, 2023

The “HospiTech” space is awash with solutions that promise they are the new panacea or can provide silver bullets to unwary hoteliers; non more so than “All-in-One Property Management System (PMS)” providing channel management and booking engine capabilities (as well as of course managing reservations).

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Property Management Front Desk Operations Pricing Reservations 83

Hotel Business

NOVEMBER 7, 2022

Of course, dozens of technology companies—including ours—claim to have the best data available to help hotels price better, forecast rate and optimize staff time for ultimate profitability. Gone are the days when a hotel could establish sustainable competitive advantage on the basis of partial data alone. That kind of data is important.

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Information Back of House Budgeting Property Management 52

SiteMinder

JANUARY 8, 2024

This type of operation management targets other market segments based on location and target audience group. This can include business people, long-stay travellers, budget travellers and backpackers. Reservations management: As soon as a room is sold, the job of managing that reservation begins.

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Travel and Tourism Book Housekeeping Customer Service 59

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. Evaluate the pricing and ensure that it aligns with your budget and is reasonable.

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POS Systems Training Communication Information 52

SiteMinder

JANUARY 8, 2024

This type of operation management targets other market segments based on location and target audience group. This can include business people, long-stay travellers, budget travellers and backpackers. Reservations management: As soon as a room is sold, the job of managing that reservation begins.

Travel and Tourism 52

Travel and Tourism Book Housekeeping Customer Service 52

SiteMinder

OCTOBER 11, 2022

The food and beverage department of a hotel can include everything from room service to restaurant management. From purchasing produce and pricing menus to taking orders and serving customers, a lot goes into making the food & beverage department functional. Access innovative pricing tools to maximise your dynamic pricing strategy.

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Front of House Housekeeping Maintenance Back of House 59

Les Roches

AUGUST 12, 2022

Part of your role can include managing a group of departmental managers and overseeing budgets, sales targets, recruitment, customer complaints, building maintenance, housekeeping, and all licensing and health and safety regulations. Revenue management. Property management.

Communication 52

Communication Housekeeping Customer Service Training 52

Les Roches

APRIL 13, 2023

Diversification of investment portfolio Resorts, boutique hotels, budget hotels, hostels, extended stay hotels, inns, and suites: the types of hotels available to customers range from high-priced to budget and low-cost. You could opt for a resort, boutique, or budget hotel. These challenges can impact ROI.

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Travel and Tourism Maintenance Budgeting Hospitality Management 52

SiteMinder

OCTOBER 20, 2022

In this blog post, we explore how Airbnb as a distribution partner to hotels is different, what Airbnb competitors are out there and what alternatives hoteliers might want to consider in order to diversify their reach using channel managers. Table of contents. What are the benefits of listing your hotel on Airbnb? HomeAway and Vrbo.

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Book Blog Pricing Special Events 52

InnQuest

AUGUST 15, 2023

Hotels face a daunting challenge as travelers seek convenience and competitive prices: how to efficiently manage their room inventory across multiple online distribution channels while maintaining real-time updates and avoiding overbooking. This is where a hotel channel manager comes into play.

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Reservations Book Property Management Pricing 130

eZee Absolute

JANUARY 9, 2023

You can also turn to revenue management experts to create pricing strategies that bring in better profit. Offering special deals and discounts can be appealing to digital nomads who are on a budget and looking to save money while traveling and working remotely. But then, again, don’t make it all about the cash.

Book 52

Book Catering Reservations Marketing 52

Boutique Hotel News

JANUARY 27, 2023

A good example of this was the ill-fated ‘mini budget’ announced by then-UK chancellor Kwasi Kwarteng, which saw not only billions wiped off UK share prices, but a sharp drop in the value of the pound compared with the dollar and the euro. When the UK recorded a 41-year high rate of 11.1

Travel and Tourism 130

Travel and Tourism L&D Marketing Pricing 130

SiteMinder

AUGUST 29, 2023

By keeping a close eye on each of these expense categories and understanding their impact on the overall budget, hoteliers can make informed decisions, ensuring both guest satisfaction and financial health. Here are 10 things you can focus on to cut costs at your property and make profits easier to achieve.

Housekeeping 52

Housekeeping Guest Satisfaction Book Maintenance 52

eZee Absolute

NOVEMBER 16, 2022

The most important one is its integration with your property management system through which it works in sync with your overall hotel data. Hotel self-service kiosk comes with in-built integration facilities that help you align its functions with your Property Management System (PMS). What is an ideal Kiosk for Hotels?

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Front Desk Operations Guest Satisfaction Blog Book 52

Hotelogix

OCTOBER 18, 2023

Integration Capabilities: Many POS systems can be integrated with other hotel management systems, such as Property Management Systems (PMS) and Customer Relationship Management (CRM) platforms. Better Revenue Management: Accurate sales and revenue tracking through a POS system assists in effective revenue management.

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POS Systems Guest Satisfaction Training Front of House 130

STAAH

APRIL 10, 2023

It offers a wide range of travel services to its partners, enabling them to serve their customers efficiently, with the right pricing and inventory. Find out more here Be it luxury hotels, beach hotels or budget hotels, airasia hotels offers you over 500,000 hotels worldwide to choose from according to your needs and budget.

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Travel and Tourism Property Management Book Budgeting 77

SiteMinder

APRIL 11, 2024

Airbnb attracts a wide range of users, from budget solo travellers to luxury holiday seekers, offering hotels the opportunity to tap into markets they might not reach through other channels. Step 1: Create a cohesive Airbnb brand presence Establishing a cohesive brand presence on Airbnb is vital for hotel chains and property managers.

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Book Pricing Marketing Information 98