Hotel Owner

JUNE 16, 2023

Welsh family-run seaside hotel, The Lion, has been brought to market for the first time since 1978 for a reduced asking price of £1.8m. The hotel is located in the heart of Criccieth, Gwynedd, just a short walk from the town’s main beachfront. To the back of the property, there is also the hotel’s popular beer garden and patio.

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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.

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Pricing Article Budgeting Events 77

Revenue Hub

OCTOBER 4, 2023

In the quest to maximize your hotel’s revenue, two buzzwords often come up: Revenue Management and Price Optimization. We demystify the differences between Revenue Management and Price Optimization and provide actionable insider tips to boost your hotel’s earnings. Think of it as precision pricing.

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Revenue Hub

MAY 2, 2023

The hotel industry is characterized by continuous change and intense competition, making it imperative for hoteliers to develop a deep understanding of market dynamics and customer preferences. 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.

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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.

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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.

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MEWS

MAY 2, 2023

A boutique hotel differs from a chain hotel or a larger property because it’s designed to offer a personalized service, featuring unique characteristics like design elements and special amenities, as well as offering something above and beyond a traditional hotel.

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InnQuest

SEPTEMBER 12, 2023

From the moment a guest walks through the doors until their departure, every aspect of their stay is carefully curated through the lenses of hotel operating systems and the adept oversight of a hotel operations manager. Human Resource Management: Managing the hotel’s workforce is essential.

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Maintenance Guest Satisfaction POS Systems Housekeeping 220

InnQuest

MARCH 2, 2023

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

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Customer Service Training Guest Satisfaction Property Management 224

InnQuest

JULY 10, 2023

Wondering how to map out the perfect hotel market segmentation strategy that keeps your hospitality business ahead of the curve? 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.

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Hotelogix

DECEMBER 7, 2023

To be very precise, it has shaped the way guests book their accommodations at hotels. This is the primary reason why as a hotelier, you should know how to select the right OTAs for your hotel. OTAs are now a great marketing resource for hotel owners, allowing them to reach a wider audience and optimize revenue.

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InnQuest

OCTOBER 3, 2023

The hospitality industry is a highly dynamic field, and hotels are constantly looking for ways to improve the client experience and streamline their processes. This blog explores how integrated solutions play a pivotal role in simplifying hotel payment processes and why they are crucial in today’s competitive landscape.

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Guest Satisfaction Information Property Management Blog 221

Revenue Hub

MAY 10, 2024

NB: This is an article from Tripleseat Subscribe to our weekly newsletter and stay up to date Here’s a closer look at how to define your competitor set and leverage this knowledge to strategize to become the top hotel choice. This ensures you’re not benchmarking against hotels that may have closed, relocated, renovated, or rebranded.

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Les Roches

JANUARY 12, 2024

Pricing strategies are an essential part of commercial activity. Entrepreneurs, marketing strategists, and a whole host of other roles in practically every industry require a thorough knowledge of how to set pricing. It goe­s beyond simply assigning a random price and require­s strategic thinking and careful analysis.

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STAAH

MAY 7, 2024

Before you realize it, the upcoming peak season will be here, presenting an opportunity to maximize your hotel’s occupancy with satisfied guests. Dynamic pricing strategies Adjusting your room rates based on the season can help you cater to fluctuating demand.

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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? NB: This is an article from eZee Absolute Well, that’s where “hotel rate types” come into play. What are hotel rate types?

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Revenue Hub

NOVEMBER 21, 2023

NB: This is an article from Demand Calendar Subscribe to our weekly newsletter and stay up to date Market segmentation, a cornerstone of hotel management, categorizes guests into distinct groups based on various characteristics and behaviors. Precision and focus in defining market segments are paramount to excelling in the hotel industry.

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Hotelogix

JANUARY 18, 2024

In the hospitality industry, driving direct bookings through your hotel's website is crucial to remain competitive. A booking engine is a software application on your hotel's website that allows guests to check availability and rates and book their stay directly with you. Let's explore how this works.

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Hotelogix

FEBRUARY 13, 2024

Operating a large independent hotel with 200+ rooms, 4-5 in-house restaurants, a couple of gyms, spas, and gift shops is multifaceted, where precision, efficiency, and guest satisfaction are paramount.   Rate/revenue management A large hotel with 200+ rooms will have multiple room types. It will lead to revenue leakage.

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Housekeeping Regulatory Compliance Guest Satisfaction Maintenance 147

Revenue Hub

FEBRUARY 7, 2024

Data analytics can play a crucial role in identifying potential group sales opportunities for hotels. 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.

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Revenue Hub

APRIL 19, 2024

Email remains a powerful tool for hotel prospecting, offering a direct line to potential clients. Take the time to research their company or role, showcasing your understanding of their business and how your hotel can truly add value. In fact, email marketing has a 2x higher return than cold calling. more likely to be opened.

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Revenue Hub

DECEMBER 8, 2023

The holiday season is a time when people are looking to get away and relax which makes it perfect to promote holiday offers for hotels. But with travel preferences rapidly evolving due to factors like inflation affecting travel decisions and the rise of remote work, hotels need to think creatively to attract guests.

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Revenue Hub

JANUARY 17, 2024

NB: This is an article from Userguest , one of our Expert Partners In this article, we’ll explore practical and effective ways for hoteliers to boost bookings and revenue in Q1 and Q2 of 2024 that align with the evolving landscape of travel and hotel trends. The more personalised the experience, the higher the likelihood of securing bookings.

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Book Pricing Article Marketing 94

Revenue Hub

JANUARY 23, 2024

The hospitality industry, marked by its dynamic and ever-evolving nature, faces unique challenges in the realm of seasonal hotels. The Seasonal Hotel Landscape Seasonal hotels are uniquely defined by their reliance on specific times of the year, often tied to natural cycles, cultural events, or holiday periods.

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Revenue Hub

APRIL 15, 2024

B2B hotel marketing focuses on building relationships with other businesses, such as travel agencies, corporate clients, and event organizers, differing fundamentally from B2C marketing’s target on individual consumers. Personalized Marketing Strategies In the B2B hotel marketing landscape, personalization is the key to differentiation.

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Hotel Owner

APRIL 22, 2024

In the hotel industry, prospective property owners are faced with a myriad of lodging options to choose from and propose to their customer base. Each type of accommodation, whether it’s a chain hotel, resort, inn/bed and breakfast, or boutique hotel, presents its own set of advantages and disadvantages that hoteliers need to consider.

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Revenue Hub

AUGUST 10, 2023

Subscribe to our weekly newsletter and stay up to date Our recent survey identified the key things that influence travelers when making vacation decisions and how price plays into it. While you can’t change your location, understanding the local pricing landscape is crucial. Consider the location and views of each room.

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Hotel Owner

APRIL 10, 2024

The four-star Douglas Hotel located on the Scottish Isle of Arran overlooking Brodick Bay has been placed up for sale off a guide price of £2.9m. The distinctive red sandstone hotel building offers 21 bedrooms, along with a 50-cover restaurant, a bar and a large outdoor terrace.

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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?

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Hotel Owner

MARCH 21, 2024

Scafell Hotel, a country inn situated in the Lake District, is being marketed at a lower price of offers in excess of £2m. Scafell Hotel is close to the Lakeland fells including Great Gable, Dale Head, High Spy, Scafell Pike and Great End, and is also in close proximity to the banks of the River Derwent.

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SiteMinder

APRIL 17, 2024

Hotwire.com is an online travel site that offers opaque pricing for hotel rooms, rental cars, and airline tickets. In this blog we’ll give you a full guide to using Hotwire as a hotel manager. As a hotel owner or operator, leveraging the Hotwire Extranet can be an incredibly valuable opportunity to grow your business.

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Revenue Hub

MARCH 25, 2024

NB: This is an article from Staah Subscribe to our weekly newsletter and stay up to date Direct bookings boost profits by cutting commission fees and allow hotels to build better guest relationships. Utilize Commission-Free Booking Engines: Consider investing in a direct booking platform tailored to your hotel’s needs.

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Revenue Hub

OCTOBER 17, 2023

2023 has marked a transformative year for the hotel industry, with revenue management practices and trends evolving rapidly. The insights presented here offer a glimpse into the key drivers that are shaping the hotel industry’s financial landscape, setting the foundation for the next year’s advancements and shifts.

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Hotel Business

MARCH 13, 2024

By Jared Lerner In the competitive landscape of the hospitality industry, hotels are constantly seeking innovative ways to optimize their operations, increase revenue and enhance guest satisfaction. By offering rooms for shorter pockets of time, hotels can capitalize on periods of low occupancy and maximize their revenue potential.

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Revenue Hub

JANUARY 11, 2024

NB: This is an article from Userguest , one of our Expert Partners As we step into 2024, several key trends are set to redefine the landscape of hotels and accommodations. Data-Driven Marketing Campaigns In the quest for optimal resource allocation and marketing ROI, hotels are turning to data.

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Revenue Hub

APRIL 17, 2024

Ah, the elusive weekdays – the underdog of hotel bookings. With a dash of innovation and a sprinkle of savvy strategy, hotels can turn the tide and transform weekdays into a vibrant canvas of bustling bookings. hotels can tailor their marketing manoeuvres to hit the bullseye. Curious about this feature?

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SiteMinder

MAY 6, 2024

A booking engine comparison is the process of evaluating different platforms to understand their features, functionalities, and suitability for a specific hotel. Table of contents Main considerations when comparing booking engines Choosing the right booking engine is a pivotal decision for any hotel.

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