Revenue Hub

MARCH 1, 2023

At first, the idea of stay restrictions might sound counterintuitive – why limit your guest’s ability to book exactly the stay they want? Subscribe to our weekly newsletter and stay up to date Among other things, they can drive occupancy and revenue, generate bookings on shoulder days and reduce your operation team’s workload.

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Xotels Hotel Revenue Management

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

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Revenue Hub

SEPTEMBER 5, 2023

In the intricate dance of revenue management , one of the most critical aspects is hotel room inventory management. NB: This is an article from BEONx , one of our Expert Partners Effective management of room inventory can make or break a hotel’s reputation and bottom line.

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Revenue Hub

FEBRUARY 20, 2024

Common hotel revenue sinkers include selling inventory too soon and too low – spillage – or not selling enough during high demand, leaving you with last-minute discounts. Discover how to avoid them and grow your revenue. Some analysts predicted it’d take three or four years before hotels fully rebounded.

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Pricing Book Download Accounting 101

Revenue Hub

APRIL 22, 2024

As you read this, you’re likely content with your hotel marketing and distribution strategy. For too long, the hospitality industry has managed marketing with an emphasis on the expense side of the ledger. Opportunity wasted, revenue squandered. We manage the expense side of the ledger and check the metasearch box.

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Revenue Hub

OCTOBER 10, 2023

As hospitality technology continues to evolve and reach higher levels of sophistication Revenue Managers are leaving multitudes of daily decisions in the proficient hands of revenue management systems. This allows Revenue Managers more time to focus on overall strategy and other crucial tasks.

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Revenue Hub

MARCH 22, 2024

The role of channel managers in hotels has rapidly evolved in recent times with the explosion of digital channels and the rising complexities of managing integrated hotel distribution. Mastering revenue management systems, dynamic pricing tools, and bid management technologies is now imperative.

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Reservations Book Pricing Article 79

Hotelogix

OCTOBER 18, 2023

In this context, hotel management software has revolutionized the industry globally. Whether a small independent property or a hotel chain/group, hotel management software has empowered hoteliers to efficiently manage their end-to-end operations and improve their overall service quality.

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Hotelogix

FEBRUARY 22, 2024

In the fast-paced world of hospitality, staying ahead with efficient hotel management software is crucial. We understand the importance of streamlined operations, and if you're experiencing challenges in managing your hotel efficiently, consider upgrading to a better cloud-based hotel management software solution. 

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STAAH

JANUARY 16, 2024

A few small but powerful tweaks to your overall pricing strategy can make a dent to your revenue. In this blog, we share some simple tactics and ideas that can boost your hotel’s revenue. Optimise ancillary revenue. Dynamic pricing is a modern hotelier’s most effective strategy for revenue management.

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Revenue Hub

MAY 3, 2024

NB: This is an article from ZRM | Zwibak Revenue Management Subscribe to our weekly newsletter and stay up to date It was understandable that hoteliers would push rate – a hotel’s goal is to maximize revenue and profit, and they had a lot of missed opportunity to make up for. Why do we do this?

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Revenue Hub

FEBRUARY 5, 2024

Open pricing is a hotel pricing and room distribution strategy that sells rooms at a rate that will both benefit the customer and provide the highest possible profit for the hotel at the same time. Properties that follow an open pricing revenue management strategy utilise a range of incremental price points that follow a demand curve.

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Pricing Article Book Marketing 96

Revenue Hub

NOVEMBER 1, 2023

Some hoteliers treat revenue management as an occasional task to consider when it suits them. NB: This is an article from Revenue Team by Franco Grasso , one of our Expert Partners Often, these hoteliers misunderstand revenue management as a discount tool without realizing it touches every aspect of the business.

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Revenue Hub

MARCH 14, 2023

One of your main objectives as a hotel manager is keeping your guests happy so that they have the best possible stay at your establishment. NB: This is an article from BEONx , one of our Expert Partners However, it’s also important to create the right strategies to bring a steady flow of revenue into your business.

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Pricing Book Article Budgeting 82

SiteMinder

MAY 6, 2024

With four years in operation, Golden Collection Hotels is dedicated to developing innovative strategies to help independent hotels compete with large companies in the travel industry. The brand specialises in boutique hotels and are currently working with more than 20 properties to help increase their sales.

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Reservations Book Training Pricing 52

Hotel Owner

APRIL 22, 2024

In the hotel industry, prospective property owners are faced with a myriad of lodging options to choose from and propose to their customer base. Each type of accommodation, whether it’s a chain hotel, resort, inn/bed and breakfast, or boutique hotel, presents its own set of advantages and disadvantages that hoteliers need to consider.

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Revenue Hub

APRIL 16, 2024

Effective data management in hospitality transcends mere collection; it requires transforming unstructured guest data into structured, actionable insights. The types of information encompassed include: Personal Preferences : Dietary restrictions, room preferences, preferred activities, and amenities.

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Information Article Book Guest Satisfaction 90

Hotel Business

JANUARY 16, 2024

Island Hospitality Management has launched IHM Outdoors , marking the inception of a dedicated division focused exclusively on outdoor and resort hospitality. The formal unveiling of the division follows the transition of five RV resorts to IHM Outdoors management. Santa Claus, IN; Larkspur, CO; and North Java, NY.

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Revenue Hub

APRIL 28, 2023

Driven by robust leisure demand and rapid rate growth, in 2022 the global hotel industry almost fully recovered from the pandemic downturn. NB: This is an article from d-edge According to STR , in 2022 hotels in Europe grew their average daily rate (ADR) by 18.5% In 2022, gross booking revenue was up 49% in Europe relative to 2019.

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Book Pricing Article Definition 93

Revenue Hub

JANUARY 30, 2024

NB: This is an article from TCRM Subscribe to our weekly newsletter and stay up to date A Travel Management Company (TMC) manages a company’s complete business travel requirements. Examples of Travel Management Companies include Amex GBT, BCD Travel, CWT, and SAP Concur.

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Article Accounting Book Marketing 88

Revenue Hub

MAY 7, 2024

Perfect competition is a term used in economics to describe a market structure where many buyers and sellers interact without any restrictions, and prices reflect the actual supply and demand dynamics. Examining the hotel industry due to its complex service offerings and significant economic impact is vital.

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Revenue Hub

JANUARY 9, 2023

As we kickstart the new year and hoteliers begin to implement their 2023 roadmaps, it’s the perfect opportunity to look back on the last twelve months and reflect on some of the trends and developments that have shaped the hotel industry, and hotel revenue management in particular. 2) Hotel occupancy picked back up.

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Revenue Hub

MAY 10, 2024

With the promise of long, warm days and lazing outdoors, hotels are kicking off their summer marketing campaigns. Theme park or zoo passes, festival tickets, trail rides, and boat rentals can all be packaged as part of a family-friendly stay. As always, include options for people with dietary restrictions so that everyone can eat.

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Revenue Hub

MAY 2, 2023

Two incredibly important roles and critical to the success of every hotel, the GM and Revenue Manager. NB: This is an article from Right Revenue , one of our Expert Partners So, what kind of conversations should they have? Broad stroke this may be, but General Managers tend to come up through Operations.

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Boutique Hotel News

DECEMBER 20, 2022

BHN editor Eloise Hanson outlines six hotel and travel trends expected to shape the industry in 2023. Hotel e-tail. In fact, research from HVS shows that over the past 50 years, daily rates across London hotels have grown 0.75 In Bullingham’s words, hotels need to be more like Selfridges. percentage points.

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Hotel Business

MAY 16, 2023

Hotel Business caught up with Amanda Williams, senior product specialist, Solonis , to talk PMS systems and revenue. One major issue some hoteliers face is that their property management systems only do the bare minimum and don’t support ongoing growth and scalability. Current staffing challenges have made this glaringly clear.

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Revenue Hub

FEBRUARY 15, 2023

Attribute-based pricing is becoming an increasingly popular pricing model in the hotel industry. NB: This is an article from BEONx , one of our Expert Partners It enables property managers to establish a range of rates in line with the features and services that a guest is willing to pay for. What is attribute-based pricing?

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Guest Satisfaction Pricing Book Reservations 95

Revenue Hub

FEBRUARY 1, 2023

NB: This is an article from Right Revenue , one of our Expert Partners So instead of dwelling on that question, may I ask you a new question… ‘how much will you spend on your digital marketing budget next month?’ These budgets are often restricted and managed heavily. sorry, we can’t afford to allocate more spend’.

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Revenue Hub

JANUARY 30, 2024

A commercial strategy platform uses data from revenue, sales and marketing to identify the correlating data trends to provide insight relevant to each discipline. Revenue, sales, and marketing have their own departmental goals that determine how they are evaluated. They want marketing to spend more during times of low demand.

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Revenue Hub

OCTOBER 11, 2023

Overbookings can be stressful for the front desk and the guest, but you can manage them with ease if you have a proper plan in place. Subscribe to our weekly newsletter and stay up to date How could this happen? All channel managers and individual channels require careful setup. System setup errors are also common.

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Revenue Hub

MAY 16, 2023

While rate parity ensures that you have complete control of setting the bar for your room rates and ensure equal prices across all distribution channels, it destroys your chances to compete freely in the market and also makes you lose a voluminous amount of potential revenue as massive commissions to the OTAs.

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Book Pricing Information Article 86

SiteMinder

JANUARY 9, 2024

Ideally located in the picturesque countryside between Cologne and Bonn, three traditional hospitality institutions – the Kronprinz , the Augustin , and Hotel Hangelar – have long been a mainstay for both leisure and business travellers, many of whom have been returning for years and have many a fond memory of conferences, weddings, or vacations.

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Book Pricing Reservations 59

Revenue Hub

MAY 9, 2023

Promoting your hotel through an OTA can therefore be a great way to build your hotel’s brand presence and reputation. Subscribe to our weekly newsletter and stay up to date However, although there can be a lot of benefits to working with OTAs, there are also some downsides.

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SiteMinder

DECEMBER 7, 2023

What is hotel rate management? Hotel rate management is the process of strategically pricing rooms to attract guests while also maximising revenue. This strategy is crucial for enhancing both occupancy rates and the average daily rate (ADR), directly influencing the hotel’s financial performance.

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SiteMinder

JUNE 29, 2023

What is an OTA channel manager? An OTA channel manager is a tool used to manage online travel agents (OTAs) in a single platform. It is commonly used by hotel sales and revenue managers to update rooms and rates in real-time. Table of contents Why use a channel manager for OTAs?

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STAAH

JANUARY 8, 2024

Inventory distribution has never been easier, thanks to the hotel channel manager. Revenue Control Central Reservation System Drip Feed PCI DSS Certified Channel Insights Self-Mapping Stop Sell Limit Mobile App RateSTalk There are many reasons to love your channel manager.

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Reservations Book Download Blog 52

Revenue Hub

OCTOBER 17, 2023

Revenue management has a bad reputation in some ways because it focuses on room rates. NB: This is an article from Robert O’Halloran , Professor Director, School of Hospitality Leadership at East Carolina University A new hotel to some is just another place some travelers cannot afford to stay.

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