Revenue Hub

SEPTEMBER 14, 2023

NB: This is an article from Juyo Analytics , one of our Expert Partners Nonetheless, there has been a discernible paradigm shift in recent times: Moving from an inventory-centric to a customer-centric approach. Revenue management has always been one of the most essential tools to maximize cash flow and profits.

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Book Article Pricing Reservations 92

Revenue Hub

AUGUST 7, 2023

This is where hotel revenue management analytics takes center stage. Let us now explore the importance of hotel revenue management analytics, and how it empowers hoteliers to make informed decisions that drive profitability and guest satisfaction.

Guest Satisfaction 88

Guest Satisfaction Pricing Article Book 88

Hotelogix

JANUARY 30, 2024

Here are some essential hotel reports Housekeeping Report This comprehensive report is an indispensable tool for housekeeping and front desk teams, facilitating the monitoring and resolving any discrepancies in room status. It provides an up-to-date overview of all tasks, guest requests, and complaints, organized by room and staff.

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Housekeeping Reservations Budgeting Book 148

Hotel Owner

MAY 9, 2023

CoStar Group, a provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, has launched STR Benchmarking, a “transformational” benchmarking platform for the global hotel industry. This software is built to evolve and scale with new data sets and property types.”

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Information Marketing 105

Revenue Hub

MAY 15, 2024

That’s hard to predict, especially without some level of analytics. It’s a ‘bird in the hand’ type of situation. To create your two scenarios, we suggest you gather historical data on each revenue stream (rooms, meeting space, catering, etc.) Often, hotels take the group because they’re afraid to turn away the business.

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Catering Book Article Events 84

Lodging Magazine

MARCH 1, 2023

Atlanta, Georgia-based Revenue Analytics announced a strategic relationship with IHG Hotels & Resorts. As part of the agreement, Revenue Analytics will seek to further its N2Pricing software to potentially enhance IHG’s overall revenue management capabilities.

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Revenue Hub

APRIL 16, 2024

The types of information encompassed include: Personal Preferences : Dietary restrictions, room preferences, preferred activities, and amenities. For example, recognizing a returning guest’s preference for a high floor room with a view or suggesting their favorite wine during dinner can significantly enhance their stay.

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Information Article Book Guest Satisfaction 90

SiteMinder

APRIL 11, 2024

Yes, hotels can advertise on Airbnb by listing their rooms or properties on the platform, much like individual hosts do with their accommodations. Research popular search terms related to your location and property type. This is why taking an analytical, scientific approach to Airbnb advertising is so crucial for success.

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Book Pricing Marketing Information 98

Hotelogix

OCTOBER 18, 2023

  Simply put, a hotel reservation system is a digital platform that enables guests to make reservations for rooms, suites, and other amenities through various channels, such as your hotel's official website, mobile apps, or third-party booking platforms.

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Reservations Book Information Guest Satisfaction 100

Hotel Business

APRIL 19, 2023

Upper-upscale hotels, the property types most associated with business travel, are well represented in the U.S. Upper-upscale saw the slowest recovery, but a steady climb in performance and the business travel indicators have supported developer confidence in the segment,” said Isaac Collazo, VP, analytics, STR. development pipeline.

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Revenue Hub

OCTOBER 3, 2023

In my 22 years of providing hotels with in-depth property analytics and decision support solutions, I’ve lost count of the number of times I meet frustrated hoteliers who have spent hours trying to figure out why their inter-departmental statistics don’t match and which data to trust when they are making crucial operational decisions.

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Hospitality Net

JANUARY 18, 2024

The six new dashboards – Market Segments, Booking Channels, Room Types, Pick-Up, Pace and Forecast & Budget – will elevate multi-property data aggregation and analytics to unprecedented levels, ultimately leading to improved commercial performance.

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Budgeting Book Marketing 40

Revenue Hub

MAY 23, 2023

NB: This is an article from Userguest , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Data Analytics and Revenue Management The rise of big data analytics has allowed hotels to collect and analyze vast amounts of data about customer behaviour and market trends.

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Pricing Article Book Information 87

Hotelogix

NOVEMBER 10, 2023

This is helpful, as it will help to reduce the chance of double-booking a room or not filling a room. This type of software should connect with the front desk software, so it is easier to know when guests leave the room, when guests are arriving, and when the rooms need to be cleaned.

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Revenue Hub

OCTOBER 12, 2023

Leveraging OTA Tools and Analytics Analyzing Booking Patterns: Utilize OTA-provided tools and analytics to analyze booking patterns, market demand, and guest preferences. Identify peak booking periods, high-demand room types, and popular amenities. Such deals can increase your hotel’s visibility and revenue potential.

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Book Pricing Article Marketing 93

Les Roches

JANUARY 25, 2024

Let’s look at the intriguing world of data analytics and it can be essential for any hospitality business. What is data analytics in the hospitality industry? This is where data analytics comes to the fore as a process that draws meaningful patterns from vast volumes of data. But what purpose does this raw information serve?

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Competitive Analysis Information Pricing Marketing 52

Revenue Hub

JUNE 28, 2023

The first why was their initial observation: Why is revenue per available room ( RevPAR ) not as high as we anticipated and not conforming to market growth expectations? The answer to this was found by exploring performance by room type. The fourth why was the investigative: Why are some premium room types not being booked?

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Strategic Planning Housekeeping Article Book 82

Revenue Hub

MARCH 18, 2024

NB: This is an article from Canary Technologies Subscribe to our weekly newsletter and stay up to date Competition among hotels intensified with the rise of Global Distribution Systems (GDSs) in the 1960s, which allowed hotels to distribute their rooms to travel agents and websites in real time.

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Events Article Reservations Information 94

Modern Restaurant Management

SEPTEMBER 27, 2023

Bars and fine dining take home the biggest tips : Overall, tipping trends are staying stable across business types year-over-year, with customers continuing to tip around 3 percent more at bars (19.25 This indicates that tipping culture is closely aligning with the added-value consumers associate with varying types of service.

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Server Guest Satisfaction Magazine Marketing 197

Revenue Hub

OCTOBER 11, 2023

NB: This is an article from Revinate The term encompasses a wide array of data types, including structured and unstructured data, and it’s available like never before in terms of its volume, variety, and velocity. This information guides strategic, data-driven decision-making to improve operations and boost business growth.

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Article Information Pricing Book 90

STAAH

MARCH 26, 2024

Virtual Tours and Room Showcases: Offer virtual tours or immersive room showcases for potential guests to explore different room types, amenities, and facilities from the comfort of their own homes.

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Travel and Tourism Guest Satisfaction Housekeeping Events 91

SiteMinder

OCTOBER 10, 2023

This seamless interaction not only simplifies room management but can significantly boost bookings. By instantaneously updating room availability across all channels, it eradicates the need for manual updates, freeing up significant time for hotel operators. Data analytics and insights Knowledge is power in the digital realm.

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Book Pricing Accounting Information 59

Hotel Business

MARCH 14, 2024

Mobile tools, such as check-in/out, digital room keys, digital concierge services, workflow automation, digital payments and even robotics are positively impacting loyalty in many ways. This proactive approach minimizes the risk of overbooking or underutilization of rooms, ultimately improving revenue management and operational efficiency.

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Concierge Housekeeping Book Pricing 59

Hotelogix

OCTOBER 19, 2023

If a businessman is recommended commutation services to his meeting destination, a family with kids is offered happy hours in the play area, and a couple is offered room meal services, then it is obvious that each of these guests would feel understood and valued. This in return gives a boost to your hotel’s brand value. 

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Catering Book Information Marketing 130

Revenue Hub

OCTOBER 17, 2023

Advanced Revenue Management Systems (RMS) play a pivotal role, offering real-time insights, forecasting demand, and optimizing room rates. Through Aria, guests can handle everything from online check-ins to room service orders without human intervention.

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SiteMinder

DECEMBER 12, 2023

With 240 well-appointed hotel rooms and 90 captivating lake-view villas, the resort offers guests the opportunity to immerse themselves in one of Vietnam’s prime destinations, known for its temperate climate. SiteMinder’s channel manager and booking engine features in particular were a game-changer for the business.

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Book Definition Catering Presentation 105

InnQuest

JANUARY 23, 2023

More control over room rates and inventory Increases opportunities to upsell guests on additional services and amenities The ability to collect guest data and build a direct relationship with guests How can you boost direct bookings for your hotel business? What are the benefits of direct bookings for a hotel?

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Book Reservations Concierge Blog 218

Hotelogix

JANUARY 31, 2024

It's not just about the amenities or the quality of the room; it's about the entire journey of your guests, from the moment they consider booking to the moment they leave your property and even beyond. Comfortable rooms, quality amenities, attentive service, and exceptional dining experiences contribute to a memorable stay.

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Guest Services Customer Service Demo Book 130

7 Shifts

FEBRUARY 15, 2024

Table of Content Benefits of bar management software Types of bar management software for effective operations What to look for in bar management software Benefits of bar management software Unsure if bar management software will make a difference for your establishment?

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Scheduling POS Systems Reservations Communication 78

7 Shifts

FEBRUARY 15, 2024

Table of Content Benefits of bar management software Types of bar management software for effective operations What to look for in bar management software Benefits of bar management software Unsure if bar management software will make a difference for your establishment?

Scheduling 78

Scheduling POS Systems Reservations Communication 78

SiteMinder

OCTOBER 18, 2023

Competitor-based pricing or competition-based pricing is a data-driven approach where businesses use advanced analytics to set their prices based on competitors’ rates. In the hotel industry, this involves leveraging sophisticated pricing algorithms and software to monitor, in real-time, the room rates of comparable hotels.

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Revenue Hub

OCTOBER 10, 2023

During high-demand periods, your hotel can scale room rates to capture peak profits. Start by curating historical data on room bookings, occupancy trends, and market intelligence. Harness the power of analytical tools to spot patterns and harness the rhythm of demand fluctuations.

Pricing 93

Pricing Competitive Analysis Article Book 93

Revenue Hub

OCTOBER 9, 2023

Subscribe to our weekly newsletter and stay up to date Understanding Hotel Pricing Strategy: Hotel pricing strategy involves determining the optimal rates for different room types, packages, and ancillary services. It requires a careful analysis of market dynamics, customer behavior, demand patterns, and competitive landscape.

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Pricing Article Book Marketing 91

eZee Absolute

MAY 7, 2024

Leveraging data analytics and personalized services, she predicted demand and guest preferences, quickly adapting to maximize profitability in real-time. With a comprehensive RMS in your hotel, you can leverage advanced algorithms to dynamically adjust room rates based on factors such as demand, seasonality, and competitor pricing.

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Pricing Book Marketing Events 52

Revenue Hub

NOVEMBER 15, 2023

Those hoteliers who benchmark with STR find the data sets and analytics needed to cover the full hotel lifecycle, with monthly profitability features providing vital intelligence for building and executing investment and operational strategies.

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Article Marketing Information 101

Revenue Hub

JUNE 27, 2023

NB: This is an article from Lybra , one of our Expert Partners This balance is essential because of the potential differences in profitability from these booking types. Here, group displacement analysis can ensure that group bookings don’t displace potential individual bookings, thereby optimizing room allocation strategy.

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Reservations Book Article Events 79

Hotelogix

OCTOBER 18, 2023

  In this blog, we will delve into the intricacies of hotel POS systems, exploring their benefits, features, types, selection criteria, implementation strategies, and much more. With faster service delivery for room service, dining, and other amenities, you can increase guest experience and satisfaction. Let's get started.

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