InnQuest

APRIL 3, 2023

For instance, online booking systems, channel managers, and revenue management software can help you manage reservations, room rates, and availability across different channels. Maximizing Revenue in a Competitive Market Implementing a dynamic pricing strategy can improve revenue management and help hotels maximize profits.

Property Management 222

Property Management Training Special Events Guest Satisfaction 222

Revenue Hub

SEPTEMBER 5, 2023

This system enables hoteliers to keep track of available rooms, reservations, and occupancy rates in real-time. This allows them to adjust pricing strategies, allocate rooms accordingly, and maximize revenue during peak seasons while avoiding vacancies during off-peak periods.

Pricing 97

Pricing Reservations Training Article 97

InnQuest

SEPTEMBER 12, 2023

It handles guest reservations, check-in/check-out processes, and room assignments and provides concierge services. This includes advertising, promotions, pricing strategies and partnerships with travel agencies and online booking platforms. Constantly training new employees can be costly and impact service quality.

Maintenance 220

Maintenance Guest Satisfaction POS Systems Housekeeping 220

Revenue Hub

JUNE 11, 2024

Reception staff must be trained to manage reservations dynamically, accommodating walk-ins and overbookings in a manner that optimizes room availability and revenue. This information is crucial for revenue management strategies, allowing hotels to tailor their offerings and pricing models to meet guest needs more effectively.

Guest Satisfaction 82

Guest Satisfaction Article Training Information 82

SiteMinder

JUNE 12, 2024

Yield management is a pricing and revenue management strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. The main goal is to sell the right product to the right customer at the right time for the right price.

Pricing 98

Pricing Book Reservations Events 98

Hotel Business

NOVEMBER 14, 2023

The number of people traveling by cruise, bus and train over Thanksgiving is up nearly 11% over last year. Holiday booking prices This holiday season, travelers are generally paying less for domestic trips compared to last year and more for international vacations. The average price for an international flight is $1,231, down 5.7%

Pricing 102

Pricing Reservations Book Training 102

STAAH

JANUARY 16, 2024

A few small but powerful tweaks to your overall pricing strategy can make a dent to your revenue. Attractively pricing these or combining with room booking to create packages can bump up your revenue quickly. Switch to dynamic pricing. Dynamic pricing is a modern hotelier’s most effective strategy for revenue management.

Pricing 84

Pricing Book Reservations Training 84

InnQuest

OCTOBER 3, 2023

Real-time Updates: Thereafter, integration with property management system s (PMS) provides real-time updates on room availability and pricing. This ensures that guests are always presented with accurate information, reducing the likelihood of overbooking or reservation errors.

Guest Satisfaction 221

Guest Satisfaction Information Property Management Blog 221

Modern Restaurant Management

APRIL 27, 2020

. “By combining this guidance with a restaurant’s existing policies gleaned from the FDA Food Code, ServSafe training, and recommendations from local health officials, they can help secure a safe opening,” said Sherman Brown, executive vice president, training and certification.

Document 209

Document Download Sanitation Pricing 209

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.

Reservations 96

Reservations Book Article Pricing 96

AHLEI

NOVEMBER 30, 2022

Challenges include a lack of basic management skills, on-the-job training, development difficulties, and the need to support a broader range of operational tasks. Vetted by the industry – manager-level competencies have been developed with the input of key stakeholders and operators to ensure training is relevant and accessible.

Training 96

Training Training & Development Housekeeping Hospitality Management 96

Modern Restaurant Management

DECEMBER 28, 2023

Improved Staff Training : Restaurant staff will benefit from assistants, and AI powered training modules resulting in enhanced service, quality and reduced onboarding time. Customer Feedback Insights : By running large amounts of data through an advanced algorithm, companies can discover insights that a human would otherwise miss.

Kitchen Operations 120

Kitchen Operations Training Maintenance Pricing 120

Modern Restaurant Management

JUNE 9, 2023

Hire and Train Staff Invest time and effort in training your employees so that they’re capable of embodying your vision for the restaurant. Addressing this problem with sufficient training and employee perks will be crucial to hold onto valuable staff members.

Document 141

Document Training Procurement Marketing 141

Modern Restaurant Management

DECEMBER 27, 2023

Where Automation Can Help For instance, automated reservation systems and AI-driven customer analytics are enabling restaurants to provide more personalized service, while robotic kitchen assistants are undertaking repetitive cooking tasks, freeing staff to focus on the creative and interpersonal aspects that elevate the dining experience.

Pricing 188

Pricing Customer Service Reservations Training 188

Revenue Hub

MAY 29, 2024

Hoteliers spend a lot of time training hotel staff and ensuring their property is clean and welcoming. Booking.com even places the information on the score and quality of breakfast in close contact with the button “I’ll reserve.” Its presence can encourage the user to reserve. Guests come to a hotel for many reasons.

Budgeting 96

Budgeting Reservations Download Article 96

Revenue Hub

MAY 29, 2024

Hoteliers spend a lot of time training hotel staff and ensuring their property is clean and welcoming. Booking.com even places the information on the score and quality of breakfast in close contact with the button “I’ll reserve.” Its presence can encourage the user to reserve. Guests come to a hotel for many reasons.

Budgeting 80

Budgeting Reservations Download Article 80

Revenue Hub

SEPTEMBER 13, 2023

Fortunately for any who may be feeling unprepared, there are several things you can do to get ready that don’t require a lifetime of intense dedication and training to achieve strong results. In its simplest form, dynamic pricing can be a manual adjustment of room rates based on factors like demand, event schedules, and occupancy levels.

Pricing 78

Pricing Book Events Article 78

SiteMinder

MAY 6, 2024

Many managed their rates, inventory and reservations manually, which was inefficient and increased the chances of making mistakes. Implementing SiteMinder has proven critical, as they can now launch properties across multiple channels, distribute prices and manage restrictions quickly and efficiently.

Reservations 52

Reservations Book Training Pricing 52

STAAH

DECEMBER 10, 2023

The Langkawi-based property makes more informed pricing and distribution decisions with STAAH Max Channel Manager. Besides they expect a more personal experience and competitive rates; both requiring a “smarter” approach of pricing. At the time of onboarding the team is trained and online user guides provided.

Book 81

Book Demo Pricing Guest Services 81

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.

Book 105

Book Pricing Reservations Budgeting 105

Modern Restaurant Management

MAY 31, 2022

Restaurant owners or managers would rather spend time on other meaningful tasks, such as recruiting and hiring, training chefs, or updating daily specials on the menu. Other restaurant software is specifically designed for one purpose, whether it applies to human resources (HR), payroll, accounting, loyalty programs, or employee training.

POS Systems 183

POS Systems Download Reservations Training 183

Hotel Business

FEBRUARY 23, 2023

a global provider of SaaS solutions for travel and hospitality, to integrate RateGain’s global distribution, central reservations and pricing capabilities into HotelKey’s PMS platform. Through the collaboration, hotels on the will see RateGain’s pricing and distribution tools on the HotelKey platform.

Pricing 52

Pricing Property Management Reservations Training 52

Modern Restaurant Management

DECEMBER 27, 2023

Even though cooling inflation is a positive, it’s still running ahead of the Federal Reserve’s 2 percent target and has not yet resulted in relief on costs. It should encourage managers to tighten their practices in 2024, starting with fine-tuning and documenting policies, and training to help avert over-serving.

Front of House 114

Front of House Training Document Server 114

eZee Absolute

MAY 16, 2024

6 Proactive Ways to Combat Hotel Credit Card Fraud Verification at Check-In Maintain Accurate Records Make Clear Anti-Fraud Policies and Procedures Staff Training on Fraud Awareness Descriptive Credit Card Descriptors Regular Financial Review What is A Hotel Credit Card Fraud? Table of Content What is A Hotel Credit Card Fraud?

Document 52

Document Training Information Book 52

Synergy Suite

DECEMBER 7, 2023

Revenue per seat represents the average income generated for each occupied seat within a specified timeframe, offering a nuanced perspective on customer spending patterns and the effectiveness of pricing strategies. It helps you identify trends, measure the impact of pricing changes, and assess the success of marketing initiatives.

POS Systems 52

POS Systems Pricing Training Reservations 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.

Housekeeping 148

Housekeeping Regulatory Compliance Guest Satisfaction Maintenance 148

Revenue Hub

SEPTEMBER 28, 2023

Often referred to as RMS, it’s a technology solution tailored for hoteliers, allowing them to dynamically adjust room prices. Essentially, RMS ensures that hotels can sell the right room, to the right guest, at the optimal time, for the most fitting price, via the most efficient channel.

Pricing 96

Pricing Article Book Marketing 96

Revenue Hub

NOVEMBER 1, 2023

By calculating GAC, your hotel can assess how much money you need to invest to generate a new booking or reservation. This information is valuable for making informed decisions about resource allocation, marketing campaigns, pricing strategies, and overall business planning.

Article 96

Article Marketing Information Book 96

Larry Mogelonsky

DECEMBER 4, 2023

Yes, of course, they do but not at the disproportional levels when you cross the psychological threshold of passing four figures in your sticker price. These owners and operators understand that when selling rooms in this half-mille price range, guests are expecting a lot more than the basics.

Housekeeping 100

Housekeeping Pricing Scheduling Reservations 100

Synergy Suite

APRIL 12, 2024

Here are a few of the top factors that affect profit margins: food costs, pricing strategies, menu offerings, table turnover, foot traffic (which can be improved through marketing campaigns), staff turnover, customer satisfaction, and operational efficiency. Another effective strategy is to train your staff effectively.

Pricing 52

Pricing Training Reservations Scheduling 52

Revenue Hub

FEBRUARY 20, 2024

Of course, visibility on Google and Otas also means more chances to get direct bookings (phone calls, emails, website reservations) through the so-called billboard effect provided by these giants. As you know, appropriate pricing is key to any profitable hotel. Then, when you review your future pricing, you can use them as a guide.

Pricing 99

Pricing Book Download Accounting 99

Synergy Suite

DECEMBER 19, 2023

Understanding the variables enables the identification of areas for improvement in staff training, service delivery, and operational processes. Menu and Pricing Your menu and pricing strategy play a significant role in determining SPMH. A well-thought-out pricing strategy can encourage customers to order more and boost SPMH.

POS Systems 52

POS Systems Scheduling Training Pricing 52

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.

Book 59

Book Pricing Information Training 59

Revenue Hub

JUNE 6, 2023

Training courses and also accompanying training courses are ideal here. This makes it all the more important to analyze demand, the market and competitors in detail in order to be able to set the perfect price for each individual room category. To achieve this, all employees must be prepared for this topic as well as possible.

Pricing 62

Pricing Reservations Marketing Communication 62

Les Roches

JULY 21, 2023

They use hotel management software, including reservation management systems, check-in/check-out systems, front desk management and hospitality management systems. It allows guests to make online reservations and check-in and check-out effortlessly. Enhanced guest experience. Hotel PMS enhances the guest experience. Increased revenue.

Property Management 52

Property Management Housekeeping Reservations Training 52

eZee Absolute

AUGUST 29, 2023

From the moment a reservation is made to the final farewell, the intricacies of hotel operations dictate the level of comfort, satisfaction, and delight experienced by each guest. This is why comprehensive staff training creates a sense of purpose, a commitment to service excellence, and a deep understanding of the hotel’s ethos.

Housekeeping 91

Housekeeping Training Guest Services Communication 91

Revenue Hub

NOVEMBER 23, 2022

This 2014 (but still very relevant) article by Doug Kennedy of the Kennedy Training Network offers excellent advice about how to quote pricing effectively, including tips for handling rate objections. Proven reservation sales techniques will ensure you snag that booking. Use Basic Sales Tactics. Ask for the booking.

Book 76

Book Reservations Property Management Article 76