article thumbnail

Direct Bookings vs. OTAs: The Impact of Your Hotel Reservation System

InnQuest

In today’s fast-paced hospitality industry, selecting the right reservation system is crucial for the success of your hotel. Understanding the impact of your hotel reservation system on your business is key. In conclusion, the reservation system you choose significantly impacts your hotel’s success.

article thumbnail

Hotel Reservation System: Their Significance and Impact on Your Business

Hotelogix

A hotel reservation system is far more than a booking tool.   As technology continues to reshape the hospitality landscape, the importance of an effective reservation system cannot be overstated—it's the key to unlocking efficiency and excellence in modern hotel management.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Attract Price Sensitive Guests Without Slashing Prices

Revenue Hub

NB: This is an article from WebRezPro But as inflation and high flight prices persist, the revenge travel surge may start to wane. As the cost of living continues to rise, so will travelers’ price sensitivity. Keep reading for ideas… Value-added packages Attract price-sensitive guests by offering added value.

Pricing 76
article thumbnail

Hotel property management systems

Les Roches

Known as hotel property management systems or hotel PMS , this software enables hotel management to use digital platforms to streamline operations such as bookings, guest check-ins and housekeeping coordination, while enhancing guest experiences. What is a hotel property management system (PMS)?

article thumbnail

How To Avoid Overbooking In the Hotel Industry

InnQuest

Here’s a brief explanation of the reasons why hotel overbookings happen: Uncertain Cancellations: Hotels anticipate a certain percentage of reservations to be canceled. Revenue Maximization: In a bid to maximize revenue, hotels often accept more reservations than their actual room inventory.

article thumbnail

A Concise Guide to Hotel Inventory Management

InnQuest

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.

article thumbnail

Best Practices in Hotel Data Management-Hotel Data Analytics

Hotelogix

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. You can unlock a wealth of untapped revenue by analyzing data to forecast demand and adjust pricing accordingly.