SiteMinder

MAY 28, 2023

While prices for all German accommodation providers rose by seven per cent between 2019 to 2022, prices among those with 20 rooms or less grew 22 per cent in the same period. “However, generally, we have seen that smaller properties are leading the hotel industry in raising their pricing to reflect macroeconomic shifts.”

Pricing 105

Pricing Marketing Book Information 105

Synergy Suite

MARCH 14, 2023

For any full-service or specialty restaurant business, front-of-house table management has to be one of the most important things to get right. You can be sure that if there is anything that isn’t right about your restaurant reservation system, you’ll hear about it. Is the Restaurant Reservation System Easy to Use?

Reservations 52

Reservations POS Systems Front of House Communication 52

STAAH

NOVEMBER 26, 2023

The boutique New Zealand property – The Convent Hotel in Auckland changed its pricing strategy to be based on more real-time market conditions and customer demand. Listening to the guests was key to informing room pricing that yielded the best returns for the business, i.e. moving into the era of dynamic pricing.

Pricing 72

Pricing Demo Reservations Training 72

Revenue Hub

OCTOBER 11, 2023

The evolution of big data The shift from analog to digital data collection has been transformative for businesses. Businesses collect big data from multiple sources, primarily revolving around customer interactions — both in person and digitally. This data includes demographics, booking patterns, guest behaviors, interests, and more.

Article 88

Article Information Pricing Book 88

SiteMinder

FEBRUARY 9, 2023

Sydney, Australia – Newly released data from SiteMinder, the world’s leading open hotel commerce platform, highlights the increase in outbound reservation volumes from mainland China following the country’s relaxation of travel restrictions on January 8.

Reservations 98

Reservations Book Travel and Tourism Communication 98

Revenue Hub

JUNE 13, 2023

NB: This is an article from Revenue Team by Franco Grasso , one of our Expert Partners One component is “dynamic pricing.” ” You’re familiar with this model when considering your rack rate vs. your bottom prices. First, consider your hotel has a pricing path. What are the bottom and starting prices?

Pricing 52

Pricing Book Events Article 52

Revenue Hub

APRIL 2, 2024

The first secret to unlocking the full potential of your PMS data is to identify your business drivers. Business drivers are the key factors that impact your hotel’s revenue and profitability. This on-the-books data will make up the foundation for a large number of strategic business decisions you need to make.

Reservations 93

Reservations Book Pricing Article 93

Revenue Hub

MARCH 7, 2024

Imagine a scenario where every decision you make in your hotel business is driven by hard data backed by robust commercial intelligence. Whether it’s determining your pricing strategy, managing your occupancy rates, or identifying your guests’ favorite food, data analytics allow you to take a more strategic, informed approach.

Information 84

Information Pricing Guest Satisfaction Article 84

Synergy Suite

APRIL 12, 2024

Profit margin is a key financial metric that indicates the percentage of your revenue that is pure profit (since most revenue goes to cover business expenses). The more revenue your restaurant makes beyond your expenses, the more profitable your business. What is profit margin and how does it impact restaurants?

Pricing 52

Pricing Training Reservations Scheduling 52

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 identify areas for growth and unexploited business opportunities within your market.

Marketing 82

Marketing Special Events Book Article 82

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. Therefore, restaurants must keep the menu at the heart of all restaurant operations and business plans.

Pricing 52

Pricing Reservations POS Systems Marketing 52

InnQuest

SEPTEMBER 5, 2023

It involves tracking and controlling inventory in real-time, making informed decisions on pricing, room allocation and availability, and ensuring that the right resources are available at the right time. Effective management ensures that rooms are allocated efficiently and priced competitively.

Guest Satisfaction 218

Guest Satisfaction Maintenance Pricing Book 218

Hotelogix

APRIL 22, 2024

For instance, by analyzing stay patterns and booking sources, you can optimize your marketing campaigns and pricing strategies to attract the right audience at the right time. It not only enhances guest satisfaction but also boosts loyalty and repeat business. Initially, identifying your most effective channel is crucial.

Guest Satisfaction 130

Guest Satisfaction Book Pricing Reservations 130

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

OpenTable

APRIL 23, 2020

That’s why we’re excited to announce two new initiatives to help restaurants successfully reopen their businesses. OpenTable’s software has always enabled restaurants to connect with diners to manage reservations, prepare for shifts, and maximize table availability. Second, big price cuts for 2020. … Read more.

Pricing 105

Pricing Reservations Book Marketing 105

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 147

Modern Restaurant Management

JANUARY 22, 2024

Businesses must remain ahead of the curve by checking all the correct boxes as customer tastes evolve at an unparalleled pace. It’s critical to provide a seamless eating experience, which includes simple payment choices and online reservations. How Can Businesses Fulfill the Evolving Consumer Expectations?

Reservations 182

Reservations Customer Service Marketing Pricing 182

7 Shifts

OCTOBER 31, 2022

A restaurant business plan is one of the most (if not the most) essential elements in getting a new restaurant off the ground. There are a few reasons for this: A business plan is typically the first thing any lender or investor will want to look at. What is a Restaurant Business Plan? Restaurant Business Plan Sample Outline.

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Document Download Marketing Competitive Analysis 158

Revenue Hub

DECEMBER 14, 2023

Hotel owners and operators are best positioned for success when they measure their business from every angle. Sometimes called occupancy on the books, business on the books, or simply “on the books,” virtually every hotelier performs some kind of forward-thinking analysis to forecast future revenue trends and combat low periods.

Book 92

Book Article Marketing Pricing 92

Modern Restaurant Management

JUNE 16, 2023

Operators planning for growth are looking into new technology solutions that will help them get where they want to be, while also facing continuing challenges such as high food prices, staffing levels and increased competition.

Customer Service 110

Customer Service Reservations Scheduling Presentation 110

InnQuest

JANUARY 23, 2023

Direct bookings are reservations made directly with the hotel rather than through a third-party online travel agency (OTA). With custom booking engines, you can create an effective reservation flow that can increase conversions. Metasearch platforms lead users to your website, where they can directly make reservations for their travel.

Book 218

Book Reservations Concierge Blog 218

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.

Reservations 96

Reservations Book Pricing Catering 96

InnQuest

APRIL 3, 2023

For instance, online booking systems, channel managers, and revenue management software can help you manage reservations, room rates, and availability across different channels. Streamlining Processes Through Integrations Implementing a streamlined business process can improve efficiency, reduce downtime, and extend the life of hotel assets.

Property Management 222

Property Management Training Guest Satisfaction Special Events 222

InnQuest

OCTOBER 3, 2023

Benefits of Integrated Payment Solutions for Hotel Businesses Integrated payment solutions offer a multitude of benefits for hotel businesses. Real-time Updates: Thereafter, integration with property management system s (PMS) provides real-time updates on room availability and pricing. What can ‘roomMaster Payments’ do for you?

Guest Satisfaction 221

Guest Satisfaction Information Property Management Blog 221

InnQuest

MARCH 2, 2023

Hotel management is a complex and challenging task requiring business acumen and customer service skills. For example, your target market is mainly business travelers. 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.

Customer Service 224

Customer Service Training Guest Satisfaction Property Management 224

Revenue Hub

MARCH 22, 2024

The job was transactional as long as inventory and pricing were synchronized periodically. However, channel management has become vital for a hotel’s commercial success, with increasing reliance on OTAs driving a majority share of room night reservations and the emergence of metasearch players. This allows optimal decision-making.

Reservations 78

Reservations Book Pricing Article 78

Hotel Business

OCTOBER 17, 2023

at a price of $90 per share, payable in a mix of cash and stock. Choice’s proposal represents a 26% premium to Wyndham’s 30-day volume-weighted average closing price ending on Oct. 16, an 11% premium to Wyndham’s 52-week high, and a 30% premium to Wyndham’s latest closing price. Choice Hotels International Inc.

Pricing 119

Pricing Reservations 119

SiteMinder

FEBRUARY 13, 2023

Bookings via global distribution systems (GDSs) rose as business travel continued to resume with force in 2022. days, while Mexican reservations were the longest year round, followed by those made to Portuguese, Thai and Spanish properties. Stays booked to Spain in August were the longest globally, at 2.65

Reservations 52

Reservations Book Travel and Tourism Marketing 52

SiteMinder

MAY 24, 2022

Bangkok, Thailand – Pioneering co-living brand, HOMA, has engaged SiteMinder, the world’s leading open hotel commerce platform, to help elevate its distribution strategy and make it easier for guests to book directly online, as reservation volumes to Thai properties extend above 75% of their pre-pandemic levels.

Reservations 52

Reservations Book Marketing Pricing 52

InnQuest

OCTOBER 5, 2022

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. . Even if you’re saving 10% in commission, that’s still a 10% increase in revenue.

Book 217

Book Pricing Reservations Information 217

Revenue Hub

OCTOBER 17, 2022

As a hotel revenue manager, one of your core functions is understanding and anticipating customer behaviour so that you can make the right strategic decisions and optimise your prices accordingly. This is the most effective method for increasing the level of revenue your business generates.

Reservations 88

Reservations Pricing Book Housekeeping 88

Boutique Hotel News

DECEMBER 12, 2022

Worldwide: Hotel management system RoomRaccoon has integrated with Cendyn’s Pegasus Central Reservation System (CRS) to enable hotels distribute rates, availability and inventory on global distribution systems. The business has over 400 integrations. .

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Reservations Information Events Property Management 130

Revenue Hub

JANUARY 30, 2024

In the modern hospitality industry , hotels receive reservations from many places, online and off. The source of a reservation is known as its booking source, and all hotel booking sources fall into one of two primary categories: direct and indirect sources.

Book 80

Book Reservations Article Scheduling 80

Revenue Hub

SEPTEMBER 5, 2023

This system enables hoteliers to keep track of available rooms, reservations, and occupancy rates in real-time. This allows them to adjust pricing strategies, allocate rooms accordingly, and maximize revenue during peak seasons while avoiding vacancies during off-peak periods.

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Pricing Reservations Training Article 97

Revenue Hub

FEBRUARY 6, 2024

NB: This is an article from Little Hotelier , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Business groups often travel to a particular location for meetings or conferences, and may be interested in staying at your property. The following three steps describe the basic process.

Book 101

Book Pricing Article Reservations 101

Hotelogix

DECEMBER 25, 2023

It is a powerful tool that efficiently enables hotel managers/owners to manage guest reservations, room assignments, check-ins, check-outs, billing, housekeeping, and many other essential tasks. Instead, with changing business dynamics, it has become a must-have solution to drive sales and revenue.  There is more to it.

Book 147

Book Reservations Housekeeping Property Management 147

STAAH

JANUARY 16, 2024

A few small but powerful tweaks to your overall pricing strategy can make a dent to your revenue. Attractively pricing these or combining with room booking to create packages can bump up your revenue quickly. Switch to dynamic pricing. Dynamic pricing is a modern hotelier’s most effective strategy for revenue management.

Pricing 85

Pricing Book Reservations Training 85