Remove 2023 Remove Property Management Remove Reservations
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Hotel Pricing Strategies to Boost Revenue in 2023

InnQuest

As we step into 2023, the hospitality industry is still reeling from the effects of the pandemic – which makes implementing hotel pricing strategies more important than ever. That said, this blog discusses the important issue of hotel pricing strategies in 2023 and offers helpful advice on how to boost your revenue.

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Important KPIs for the Hospitality Industry – 2023

InnQuest

For example, if a property owner spends $100 on marketing and pools in $500 in revenue, its market ROI would stand as 5:1. Hoteliers typically pool in ROMI by driving reservations through their website, third-party booking sites, and offline channels such as travel agents.

Book 223
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How to Choose the Best Channel Manager for a Hotel Business

Hotelogix

What Is a Channel Manager and Why Does It Matter? A channel manager connects your property management system to booking platforms such as OTAs, GDS (Global Distribution Systems), and direct booking engines. It automatically updates room availability, rates, and reservations across all these platforms.

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Australia’s Hotel Industry – Into 2023 and Beyond 

InnQuest

in 2023 (IBISWorld). billion in 2023. Revenue is forecast to have an annual CAGR of 1.85% between now and 2027. 23% of bookings are currently made offline. 91% of total revenue will be generated through online sales by 2027, reaching a market volume of US$7.27 From 2018-2023, the industry within Australia declined by 4.9%

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Prepare Yourself for the Top Hospitality Trends of 2023 

InnQuest

As we march on through 2023, what changes can we expect to see in the hospitality industry? As guest preferences change and new technologies are developed, having a future-proof Property Management System that can support these changes and meet customer needs will make all the difference.

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Simplifying Hotel Payment Processes: The Role of Integrated Solutions

InnQuest

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. Get in touch with us now!

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Surfsand Resort Elevates Guest and Staff Experiences with Agilysys Property Management, Point-of-Sale, and Payment Processing Solutions

Hospitality Net

In 2022 the resort further elevated its stature by updating all the property’s systems prior to a property-wide renovation and expansion starting in November 2023.