Hotelogix

JANUARY 18, 2024

Features of a booking engine you need to look for  A robust booking engine is about more than just accepting reservations. It should help you offer various multi-currency secure payment methods to cater to all guests, whether they prefer credit cards, PayPal, or other digital wallets. Here are some essential features to look for. 

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Revenue Hub

MARCH 13, 2024

NB: This is an article from Flyr for Hospitality , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date We spoke with Revenue Manager Alex Löw about how FLYR for Hospitality has helped revolutionise Tailormade’s pricing process. My pricing focus was never more than the next 14 days at each property. “We

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Pricing Article Catering Reservations 97

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.

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Revenue Hub

JANUARY 12, 2024

Tailgate Party Catering Packages Offering special Super Bowl tailgate party packages can attract groups looking for an all-in-one solution for catered menus. Include a variety of appetizers, drinks, and main dishes for pickup or delivery to cater to different tastes.

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Hotelogix

DECEMBER 7, 2023

These platforms work like magic to spread the word about property, inventory, prices, offers, etc.   Benefits of Partnering With OTAs With about 40% to 50% of reservations being driven from OTAs, these online platforms have become crucial to every hotel's distribution strategy.

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InnQuest

SEPTEMBER 12, 2023

It handles guest reservations, check-in/check-out processes, and room assignments and provides concierge services. Food and Beverage Services: This department manages all dining and catering services within the hotel, including restaurants, room service, banquets, and bars.

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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. This is why we offer competitive pricing, without sacrificing quality or functionality in our software solutions.

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Revenue Hub

SEPTEMBER 25, 2023

Transient travellers, often referred to as “walk-in” guests or those without prior reservations, play a significant role in the hospitality industry. Strategies for Capitalizing on Transient Travelers: Rate Optimization: Implementing dynamic pricing strategies allows hotels to adjust rates based on demand fluctuations.

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Reservations Book Article Pricing 97

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.

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Revenue Hub

MARCH 20, 2024

Seamless Booking Process Make booking a breeze with a seamless reservation system that transforms dreams into reality with the click of a button. Implement an easy-to-use reservation system that allows guests to check availability, view room options, and complete bookings with minimal effort.

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Book Guest Satisfaction Reservations Article 93

Larry Mogelonsky

FEBRUARY 12, 2024

At this point, we could lecture on about Veblen goods , Giffen goods , the rise of the leisure class and other elements of behavioral economics that contribute to a hotel’s pricing strategy, perhaps it’s better to explain our point via an example. Namely, we are wine nuts, so let’s start there.

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Revenue Hub

JUNE 27, 2023

This feature allows hotels to maintain an ideal equilibrium between group and individual reservations, leading to optimized revenue. By doing so, it allows for the accommodation of profitable group bookings without sacrificing more lucrative individual reservations. Thus, it aids in maximizing overall revenue.

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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?

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Pricing Book Events Article 79

InnQuest

SEPTEMBER 28, 2022

Modern-day hotel tech is constantly being upgraded to cater to evolving guest preferences. Holistic Approach: I ntegrating user-friendly and easy-to-use systems that cater to all aspects of the business is where hotel owners win. The secret here is to find a system built on 4 key pillars mentioned below – 1.

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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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Modern Restaurant Management

JANUARY 31, 2024

full service restaurants surveyed plan to introduce catering services. Inventory : Generally, when food costs go up, operators will raise their menu prices by a small amount. Ninety-four percent of operators are planning some form of expansion and more than half of the 600 U.S

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SiteMinder

DECEMBER 3, 2023

Holiday bookings refer to the reservations made by individuals or groups for accommodation, travel, and other related services during their vacation period. It ensures that guests have a seamless experience from the moment they make a reservation to the time they check out. In some cases, it can even be more important than price.

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SiteMinder

APRIL 22, 2024

The collaboration integrates SiteMinder’s platform solution into Groupon’s, streamlining pricing and distribution processes while introducing new offerings for hoteliers and customers. Beyond simplifying pricing and distribution, it extends their reach, providing the flexibility needed in a dynamic market.

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Revenue Hub

OCTOBER 25, 2023

GDS connects travel professionals, such as travel agents, with hotel inventory, facilitating real-time reservations. Increased Bookings: It’s a valuable source of reservations, especially from corporate travelers and travel agencies. Rate Parity: It helps maintain rate parity , ensuring consistent prices across all platforms.

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Book Reservations Guest Satisfaction Pricing 96

SiteMinder

MAY 6, 2024

Booking engine comparison element 4: Pricing and fees Consider whether your chosen booking engine requires monthly or annual fees and what these unlock in terms of features. Eviivo Focus on vacation rentals and independent properties: Caters to a specific segment of the market with features tailored to vacation rentals and B&Bs.

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STAAH

MAY 24, 2023

2)Booking window visibility: Knowing the average booking window gives accommodation owners insights into the timing of reservations. This information helps in optimizing pricing strategies and promotional activities, allowing properties to offer the right deals at the right time.

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Modern Restaurant Management

FEBRUARY 4, 2022

Restaurants will also explore delivery options beyond costly third-party partnerships, and hike delivery menu prices to make the channel more lucrative as off-premise demand holds steady. Younger generations are willing to pay higher prices for healthy meals specifically tied to buzzwords such as GMO-free, all-natural, or organic.

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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. Distribution is complex and will not be uniform for all structures.

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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. By integrating BNPL with the booking engine, guests can reserve their stays without the immediate financial burden of paying the full amount upfront.

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Book Reservations Budgeting Guest Satisfaction 90

Revenue Hub

NOVEMBER 21, 2022

Add up the number of reservations for the same time. Divide the number of room nights by total reservations to get your ALOS. This allows you to create pricing and distribution strategies that maximise high-demand periods and continue to drive business even when things slow down. Why is it important to track ALOS at your hotel?

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SiteMinder

JANUARY 21, 2024

The resort caters to a diverse range of guests, with family groups constituting more than 50% of their main customer base, alongside couples, retirees, and various government service groups. Table of contents Reservation challenges before joining SiteMinder Ms. Sophin Kumpal , Asst.

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Catering Reservations Property Management Pricing 52

SiteMinder

NOVEMBER 14, 2023

It offers tools for reservations and property management, but its strength lies in its comprehensive suite of solutions aimed at maximising a hotel’s revenue potential. Hoteliers can craft targeted marketing strategies, optimise pricing, and ultimately drive more bookings.

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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. Groups usually reserve at least six to ten rooms per night – they may be corporate, family, special events, MICE, and other types of groups.

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Modern Restaurant Management

DECEMBER 28, 2023

Dynamic Pricing Strategies : Using AI algorithms menu prices will be dynamically adjusted, based on factors optimizing revenue and adapting to real time market trends. Customer Feedback Insights : By running large amounts of data through an advanced algorithm, companies can discover insights that a human would otherwise miss.

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Kitchen Operations Training Maintenance Pricing 123

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.” Why is Revenue Management Important to Hotels & Other Industries?

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Pricing Book Budgeting Marketing 52

Hotelogix

FEBRUARY 13, 2024

Here are some operational challenges large hotel management faces without the right solution Front desk and reservations The front desk sets the tone for a guest's experience.   Attracting potential guests Competition is heating up, and guests have become more price-conscious. They need value for what they pay.

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SiteMinder

NOVEMBER 15, 2022

Add up the number of reservations for the same time. Divide the number of room nights by total reservations to get your ALOS. This allows you to create pricing and distribution strategies that maximise high-demand periods and continue to drive business even when things slow down. one month, quarter or a custom period).

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InnQuest

JUNE 8, 2023

Hotels can now use machine learning to analyze data to anticipate guest needs, optimize pricing and improve operations. These algorithms help hotel owners understand lodging demand fluctuations, anticipate customer preferences and optimize pricing and inventory allocation.

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SiteMinder

OCTOBER 15, 2023

Booking channels are platforms by which your hotel can accept reservations online or offline. The technology ensures that your availability is updated automatically across every channel, and your property management system, every time a reservation is made. What are booking channels?

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eZee Absolute

DECEMBER 11, 2023

Compatibility with Your PMS User-Friendly Interface Connectivity with OTAs Real-Time Updates Pricing Structure Mobile App Training and Support Analyzing Data and Creating Reports Unlock the Future of Your Hotel with eZee The Role of a Channel Manager Let’s start at the beginning.

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InnQuest

NOVEMBER 21, 2022

People are eager to explore new places and make up for lost time, but what are their new preferences and how can your property cater to them? While the economic situation is not putting travellers off, the data shows that more than 50% are willing to spend more time searching for competitively priced accommodation than before the pandemic.

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Revenue Hub

JUNE 21, 2023

Leverage data insights to segment your audience, allowing you to target specific groups and cater to their diverse interests. Emphasize the importance of booking directly on your website by addressing price disparities between online travel agencies (OTAs) and your own rates.

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