Revenue Hub

JANUARY 11, 2024

There’s no shortage of ways to market your hotel. With so many marketing channels and blogs with bright ideas, it can get confusing about which shiny new marketing trend you should hop on board with. Hotel website, automated emails, reviews, OTAs, digital ads, social media, Google. It comes down to priorities.

Marketing 100

Marketing Blog Budgeting Article 100

SiteMinder

OCTOBER 16, 2023

What is pricing intelligence? Pricing intelligence, also known as rate intelligence, is a way for hotels to optimise their pricing and profitability. It’s an essential part of a successful revenue management strategy and is implemented via the use of data and pricing intelligence tools.

Pricing 59

Pricing Information Book Marketing 59

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

InnQuest

MARCH 2, 2023

In this blog post, we will be discussing six essential steps to successful hotel management: Successfully manage their properties Increase revenue Provide a positive experience for guests Understand Your Customers The first step to successful hotel management is understanding your customers.

Customer Service 224

Customer Service Training Guest Satisfaction Property Management 224

InnQuest

OCTOBER 17, 2023

By closely monitoring past booking patterns, seasonal trends and market demand, hotels can predict occupancy rates with greater accuracy. Integrate a Property Management System (PMS): A PMS, or property management system , allows hotels to manage inventory, reservations and other operations seamlessly.

Reservations 221

Reservations Guest Satisfaction Book Pricing 221

InnQuest

SEPTEMBER 12, 2023

Understanding Hotel Operations Management Hotel operations management involves overseeing and coordinating all activities within a hotel to ensure its efficient and profitable functioning. Sales and Marketing: Effective sales and marketing efforts are critical for attracting guests and maximizing revenue.

Maintenance 220

Maintenance Guest Satisfaction POS Systems Housekeeping 220

Hotelogix

APRIL 22, 2024

Harnessing hotel data is essential for navigating the modern hospitality landscape, enhancing operational efficiency, and tailoring marketing efforts to meet guest preferences better. You can unlock a wealth of untapped revenue by analyzing data to forecast demand and adjust pricing accordingly. What is Hotel Data?

Guest Satisfaction 130

Guest Satisfaction Book Pricing Reservations 130

InnQuest

OCTOBER 28, 2022

Unfortunately, most businesses in this sector are still struggling to keep up due to various factors like changing marketing dynamics, rising competition, operational issues, labour shortage, etc. After all, with such a high cost of living, raising prices cannot be the solution to all problems. .

Pricing 218

Pricing Property Management Definition Information 218

InnQuest

APRIL 3, 2023

For example, using a property management system (PMS) can automate guest check-in and check-out, invoicing, and room assignment tasks. Integrating a property management system with third-party applications of your choice can also contribute to the hotel’s success.

Property Management 222

Property Management Training Special Events Guest Satisfaction 222

InnQuest

APRIL 5, 2023

Anyone who has worked in the hospitality industry for a few years would enthusiastically attest to the importance of yield management in hotels, particularly in hotel revenue management. Before delving into the benefits of yield management in the hotel industry, it is essential to understand what it means.

Pricing 220

Pricing Book Marketing Blog 220

Revenue Hub

MAY 17, 2024

Review Data for Optimal Pricing & Distribution Review last year’s occupancy and revenue data to help you price rooms and packages correctly, and optimize your presence across distribution channels. A revenue management system (RMS) is a big help here. A revenue management system (RMS) is a big help here.

Pricing 78

Pricing Article Information Book 78

InnQuest

OCTOBER 24, 2023

Data Ownership With direct bookings, you have access to valuable guest data that can be used to personalize guest experiences, tailor marketing efforts, and make data-driven decisions to enhance your hotel’s performance. This agility can be a significant advantage in responding to market dynamics and changes in demand.

Reservations 130

Reservations Book Pricing Guest Satisfaction 130

STAAH

APRIL 2, 2024

Effective revenue management provides hoteliers with a clear roadmap for pricing and optimisation, while acting as a gauge to measure success. What is a Revenue Management Solution for Hotels? What is a Revenue Management Solution for Hotels? Dynamic pricing is known to boost profitability. How Do They Work?

Pricing 80

Pricing Book Property Management Marketing 80

InnQuest

OCTOBER 3, 2023

Real-time Updates: Thereafter, integration with property management system s (PMS) provides real-time updates on room availability and pricing. These insights inform pricing and marketing strategies, optimizing revenue management. These options include credit cards, mobile payments and digital wallets.

Guest Satisfaction 221

Guest Satisfaction Information Property Management Blog 221

Hotelogix

JANUARY 30, 2024

In this context, reports are critical as they provide key insights into your hotel's operations, from housekeeping to finance, marketing, and guest preferences. The Manager Flash Report offers a quick overview of the hotel's business, breaking down room and POS revenue over any chosen date range.

Housekeeping 148

Housekeeping Reservations Budgeting Book 148

Revenue Hub

APRIL 9, 2024

How to Increase Monthly Hotel RevPAR: To enhance monthly RevPAR, hoteliers must adopt strategic approaches that leverage market insights, guest preferences, and current trends. Evaluate Your Digital Marketing: Your hotel’s digital marketing efforts should be strategic and specific. Are there channels you’re missing?

Book 99

Book Reservations Article Marketing 99

Hotel Owner

APRIL 26, 2023

Hotel property company Pandox has reported revenues of MSEK 780 (£605m) in Q1 2023, which was up 21% compared to the same period last year. Net operating income from Property Management amounted to MSEK 662 (£514m), while earnings before taxes were MSEK 675 (£524m), an increase of 45%.

Property Management 103

Property Management Pricing Marketing 103

Hotelogix

JANUARY 27, 2024

It helps hoteliers manage everything, especially various service areas like restaurants, bars, spas, or gift shops within their properties. It differs from a Property Management System (PMS), which focuses on hotel operations like room bookings, guest check-ins/outs, and housekeeping management.

POS Systems 148

POS Systems Property Management Housekeeping Information 148

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. This enables informed decisions and targeted enhancements to marketing and sales strategies.

Pricing 86

Pricing Budgeting Article Reservations 86

Revenue Hub

DECEMBER 4, 2023

Automation is the driving factor behind the advancement of revenue management in the changing world of hospitality. NB: This is an article from DynamEat Today’s solutions excel at generating price choices and adjustments automatically by using advances in artificial intelligence and machine learning.

Special Events 89

Special Events Pricing Accounting Article 89

Revenue Hub

JUNE 23, 2023

Subscribe to our weekly newsletter and stay up to date All reasons why employing a dynamic revenue management strategy is critical to maximizing revenue and retaining owners during this extremely competitive environment. This is the science behind revenue management. Results are shown in a tape chart as opposed to calendar view.

Pricing 80

Pricing Bookkeeping Property Management Book 80

InnQuest

OCTOBER 11, 2023

In 2023, the US market is bustling with various online travel agencies, each offering unique features and services for travelers. Expedia Expedia is a powerhouse in the US travel market, known for its comprehensive services. Book a demonstration of our award-winning hotel management software here.

Information 220

Information Book Blog Pricing 220

InnQuest

JANUARY 26, 2023

Streamline Daily Operations Automated hotel management solutions communicate and update users and hoteliers as and when rooms are reserved, helping guests make direct bookings via the hotel’s website, third-party portals, or RFP management solutions. Automating your hotel’s processes can be easy and manageable.

Reservations 136

Reservations Housekeeping Property Management Book 136

InnQuest

JANUARY 5, 2023

Hence, adopting contactless technology at your property can go a long way for your business. InnQuest’s cloud-based property management software is known to streamline hotel operations, boost efficiency and enhance guest experience in 2023. Book a demonstration of our award-wi nning hotel management software here.

Travel and Tourism 223

Travel and Tourism Property Management Blog Book 223

Hotelogix

DECEMBER 25, 2023

A Hotel Property Management System (Hotel PMS System) is a solution that streamlines and automates the daily operations of a hotel. 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.

Book 148

Book Reservations Housekeeping Property Management 148

STAAH

JANUARY 16, 2024

A few small but powerful tweaks to your overall pricing strategy can make a dent to your revenue. There is no set formula to increase a hotel’s revenue, it can be achieved by creating a good promotion plan, tapping into sources of ancillary revenue , upselling and other marketing strategies. Switch to dynamic pricing.

Pricing 84

Pricing Book Reservations Training 84

Boutique Hotel News

DECEMBER 12, 2022

The integration is powered by World Hospitality Solutions (WHS) and enables hotel partners to automatically distribute rates, inventory and availability from the RoomRaccoon Channel Manager to Pegasus CRS in real-time. Content will be promoted to an audience of more than 600,000 travel buyers in more than 120 markets. .

Reservations 130

Reservations Information Events Property Management 130

Revenue Hub

SEPTEMBER 11, 2023

Efficient inventory management tools can lead to cost savings by preventing wastage of resources, reducing overstocking of perishable items and minimizing the need for last-minute purchasing at higher prices. Dynamic Pricing Strategies: Implement dynamic pricing to adapt room rates to real-time demand fluctuations.

Pricing 101

Pricing Guest Satisfaction Article Book 101

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.

Reservations 100

Reservations Book Information Guest Satisfaction 100

InnQuest

JANUARY 23, 2023

To mark your glory in the market, you should reward both guests by giving lower prices to those directly approaching you. Use Digital Marketing & Social Media to increase direct bookings: An effective strategy to create awareness of your hotel is to utilize various digital marketing channels. Learn more about us here.

Book 218

Book Reservations Concierge Blog 218

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. One such strategy that has gained immense importance in recent years is customer segmentation.

Pricing 105

Pricing Book Article Blog 105

Serviced Apartments

NOVEMBER 10, 2023

UK: Luxury property advisory and management firm Rhodium has launched a white-label property management service for the branded residence sector. The company currently manages a £12 billion portfolio including branded residence schemes in London, Dubai and Athens.

Property Management 59

Property Management Concierge Maintenance Pricing 59

Revenue Hub

MAY 3, 2023

Subscribe to our weekly newsletter and stay up to date Here’s how you can market your property even if your location isn’t on anyone’s bucket list. Identify Your Audience Your marketing efforts will only fall flat if they aren’t targeted at the right audience. Who visits your property and why? Make them feel special.

Marketing 62

Marketing Article Property Management Book 62

Revenue Hub

NOVEMBER 22, 2023

Welcome to the world of savvy hotel marketing where understanding and leveraging guest segmentation can transform your business! Understand different guest segments and how to tailor your offers and pricing strategies to meet diverse budgetary needs and preferences. Dive deep into the realm of hotel segmentation.

Article 101

Article Book Communication Marketing 101

Revenue Hub

MAY 24, 2023

NB: This is an article from WebRezPro It’s about analyzing demand and honing what you offer to sell the right product to the right customer at the right time, on the right channel, for the right price to grow profit. Unless you’ve got a magic crystal ball, it pays to base pricing and inventory decisions on actual data—and lots of it.

Pricing 73

Pricing Book Property Management Information 73

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. Properties with higher and positive reviews should be included in your compset.

Pricing 100

Pricing Competitive Analysis Marketing Budgeting 100

InnQuest

SEPTEMBER 28, 2022

Key Pillars of a Guest-centric Cloud Property Management System. When it comes to producing a top-notch guest experience, your hotel management system is your best asset. Functionalities: Property management software that is difficult to use only results in lost customers and increased support costs. To Wrap It Up.

Property Management 130

Property Management Catering Housekeeping Maintenance 130