Revenue Hub

FEBRUARY 1, 2024

You know, that magical timeframe we’ve all been told is the sweet spot for securing reservations. This ‘perfect’ window has dictated pricing strategies, inventory management, and even marketing campaigns. They’re driven by necessity or desire, making them less price-sensitive. Well, it’s time to shatter that myth.

Book 90

Book Reservations Pricing Article 90

InnQuest

OCTOBER 3, 2023

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. Real-time Updates: Thereafter, integration with property management system s (PMS) provides real-time updates on room availability and pricing.

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Guest Satisfaction Information Property Management Blog 221

SiteMinder

FEBRUARY 13, 2023

days, while Mexican reservations were the longest year round, followed by those made to Portuguese, Thai and Spanish properties. Despite the average daily rate (ADR) of a hotel room rising 24% year-on-year to US$177, booking momentum remained robust, with reservation volumes rising to 104% of 2019’s levels globally by December 31.

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Reservations Book Travel and Tourism Marketing 52

SiteMinder

APRIL 28, 2024

Conversely, at 21 days, the average lead time on those bookings was 62% lower than the global average, reflecting the low price sensitivity among Chinese travellers and their greater propensity to take trips at shorter notice.

Marketing 110

Marketing Book Pricing Information 110

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.

Book 95

Book Guest Satisfaction Reservations Article 95

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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Pricing Information Catering Reservations 69

Hotel Business

MARCH 14, 2024

We believe this new solution will enable our clients to thrive in a competitive market landscape.” AI algorithms can also optimize pricing strategies dynamically based on factors such as demand fluctuations, competitor pricing and historical data analysis, ensuring hotels maximize profitability while remaining competitive in the market.

Concierge 59

Concierge Housekeeping Book Pricing 59

Hospitality Magazine

FEBRUARY 21, 2024

But it’s also essential to think about the landscape and how it’s evolving. Your website should also contain click-through tiles to social media accounts, contact information, a feedback form, a reservations section with a bookings policy, and opening hours. Has the drinks menu been updated?

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Marketing Accounting POS Systems Demo 246

Revenue Hub

FEBRUARY 14, 2024

In the bustling urban landscape, city hotels are in a constant race to maintain high occupancy rates. RMS utilizes real-time data to forecast demand, enabling you to adjust pricing dynamically. Implement Dynamic Pricing Dynamic pricing is key in responding to market demand fluctuations.

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Article Pricing Book Guest Services 97

STAAH

MAY 30, 2023

In today’s digital age, effective hotel distribution and pricing strategies are crucial for maximizing revenue and staying competitive. With the rise of online travel sales and the influence of e-commerce and review sites, accommodation providers must adapt to the evolving distribution landscape.

Book 82

Book Reservations Article Download 82

Revenue Hub

SEPTEMBER 28, 2023

We decided to shed some light on the profound impact of Revenue Management Systems (RMS) in the evolving landscape of the hotel industry. Often referred to as RMS, it’s a technology solution tailored for hoteliers, allowing them to dynamically adjust room prices.

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Pricing Article Book Marketing 99

MEWS

JANUARY 16, 2023

It is about lower-priced shared accommodations with a large dorm room containing bunk beds and shared bathroom facilities. Hostels are able to keep prices down by offering basic services and amenities. Similarly, the best thing about hostels is that you can usually find a bed (oftentimes hostels even reserve some beds for walk-ins).

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Budgeting Reservations Book Housekeeping 130

Revenue Hub

APRIL 24, 2024

All of these are essential for operating in today’s competitive landscape. In order to maximize revenue across the business, hoteliers should focus their budget on elevating the guest experience using advanced reservations, distribution, marketing, and data services. Innovation? Long-term growth potential? Guest personalization?

Book 93

Book Reservations Article Information 93

Hotel Business

MARCH 6, 2024

Unlike existing solutions, users can also respond to real-time booking demand by executing time-sensitive revenue management functions in-app, such as instant rate and availability adjustments, minimum and maximum stay length adjustments and room sale closures until pricing is fully optimized. “We It’s been a game-changer for us.”

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Pricing Book Reservations Marketing 64

Modern Restaurant Management

DECEMBER 28, 2023

Unveiling the Future of Customer Feedback To stay ahead in a fast paced, competitive landscape, restaurants must also embrace AI solutions that discreetly monitor customer feedback in real-time. Restaurants that embrace these advancements with a well-designed strategy will undoubtedly distinguish themselves in a competitive landscape.

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Kitchen Operations Training Maintenance Pricing 123

Revenue Hub

JUNE 1, 2023

In today’s digital age, effective hotel distribution and pricing strategies are crucial for maximizing revenue and staying competitive. NB: This is an article from Staah With the rise of online travel sales and the influence of e-commerce and review sites, accommodation providers must adapt to the evolving distribution landscape.

Book 83

Book Reservations Article Pricing 83

SiteMinder

MARCH 4, 2024

Unlike existing solutions, users can also respond to real-time booking demand by easily executing time-sensitive revenue management functions in-app, such as instant rate and availability adjustments, minimum and maximum stay length adjustments, and room sale closures until pricing is fully optimised. It’s been a game-changer for us.”

Reservations 59

Reservations Pricing Book Information 59

Revenue Hub

JULY 11, 2023

Subscribe to our weekly newsletter and stay up to date Demystifying Revenue Management At its heart, revenue management is a strategic toolkit in the hotel industry that allows businesses to forecast consumer behavior, optimize product availability, and fine-tune pricing to maximize revenue growth.

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Pricing Book Article Events 66

Revenue Hub

OCTOBER 20, 2023

This text is only visible in the price comparison UI (see below) and is not included with the text offers. The marketing text also cannot contain the following reserved words: “Official Site” or “ViewDeal.” What Are the Benefits of This New Feature? Additionally, false or misleading statements are not permitted.

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Marketing Article Reservations Pricing 98

Revenue Hub

NOVEMBER 30, 2022

In this context, channel management is a process by which hoteliers control where and how they sell their products, namely hotel rooms and the ancillaries attached to them, across their distribution landscape. Understanding Past Performance and Future Demand by Channel.

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Reservations Pricing Book Accounting 84

Revenue Hub

DECEMBER 4, 2023

NB: This is an article from Demand Calendar Key Performance Indicators (KPIs) serve as the compass that guides hoteliers through the complex landscape of attracting guests and maximizing the average sale per guest. This segmented analysis helps tailor marketing strategies, optimize distribution channel mix, and set competitive pricing.

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Book Article Blog Pricing 94

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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Reservations Definition POS Systems Customer Service 218

Revenue Hub

MAY 17, 2023

NB: This is an article from IDeaS To navigate this, here are 9 ways to boost your occupancy, considering the shifting landscape of geopolitics, economics, and in some areas, the possible resurgence of COVID-19. Many guests would consider a 4-star hotel club room with club benefits that’s priced similar to a 5-star hotel’s basic room.

Book 84

Book Guest Satisfaction Pricing Article 84

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

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. 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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Guest Satisfaction Catering Budgeting Scheduling 69

Hotel Business

JUNE 21, 2023

Over the past couple of years, Artificial intelligence (AI) has greatly improved hotel operations and efficiency by automating processes such as booking and contactless check-in, allowing staff to focus on providing premium, personalized experiences to guests faster and at reasonable prices.

Accounting 98

Accounting Guest Satisfaction Reservations Pricing 98

Hotel Business

FEBRUARY 22, 2023

days, while Mexican reservations were the longest year-round, followed by those made to Portuguese, Thai and Spanish properties. Despite the average daily rate (ADR) of a hotel room rising 24% year-on-year to $177, booking momentum remained robust, with reservation volumes rising to 104% of 2019’s levels globally by Dec.

Travel and Tourism 102

Travel and Tourism Book Reservations Marketing 102

Revenue Hub

SEPTEMBER 12, 2023

Welcome, hoteliers, to a journey to skyrocket your bookings and conquer the direct reservation game! Price Comparison Tools: Give guests the power to compare rates between your website and OTAs, showing your unwavering commitment to providing the best deals.

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Book Pricing Guest Satisfaction Article 85

Revenue Hub

DECEMBER 1, 2022

In a competitive operating environment, where every pricing decision counts, all hotels need to ensure that they are pricing themselves correctly in the market, minimising operational costs, and attracting the right guests at the right rates. NB: This is an article from IDeaS. Subscribe to our weekly newsletter and stay up to date.

Pricing 82

Pricing Marketing Information Strategic Planning 82

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.

Book 52

Book Reservations Pricing Demo 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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Housekeeping Regulatory Compliance Guest Satisfaction Maintenance 148

STAAH

APRIL 13, 2023

1) Stunning natural beauty : Bali is blessed with some of the most breathtaking landscapes in the world. 8) Affordable prices : Bali is an affordable destination for travelers, with accommodation, food, and activities available at a reasonable price. They have no word in their language for ‘artist’ or ‘art.’ And it’s true.

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Travel and Tourism Budgeting Business Development Events 94

Hotel Owner

AUGUST 14, 2023

Due to the competitive landscape, hotels need to ensure they are actively reviewing their customer retention and acquisition strategies to stand out from competitors. They are divided into commissions paid to third parties, reservation transaction fees, loyalty programmes, and other funds used to attract clients to stay at your hotel.

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Reservations Presentation Pricing Book 97

Revenue Hub

MARCH 22, 2023

Direct booking trends How has the direct booking landscape evolved over the past few years? Within our global dataset, we found that in 2019 OTA-sourced bookings made up 57% of all reservations, while non-OTA bookings (website, phone, email, and walk-in) made up 43%.

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Book Reservations Article Budgeting 77

Revenue Hub

MARCH 7, 2024

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. By utilizing precise predictive analytics, FLYR allows executives to create pricing strategies tailored for profit maximization.

Information 86

Information Pricing Guest Satisfaction Article 86

Hotel Business

MAY 16, 2023

In a post-COVID hospitality landscape, we need our technology to help optimize guest interaction, support front-desk and back-office staff and drive data-backed business decisions. These prices and restrictions in your rates can then be pushed to all booking avenues/OTAs. Current staffing challenges have made this glaringly clear.

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Front Desk Operations Property Management Book Accounting 96

Revenue Hub

JUNE 21, 2023

Embrace the summer vibe with vibrant visuals, showcasing sun-kissed beaches, lush landscapes, and stunning sunsets where guests can create memorable moments at your property. 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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Book Article Pricing Catering 86