Revenue Hub

DECEMBER 9, 2024

Stakeholders felt misrepresented in the public-facing report Stakeholder associations including the European Hotel Forum and European hospitality trade body HOTREC felt Booking.coms report implied that they had endorsed Bookings report when they hadnt. This came up via a few specific points raised during the workshop.

Workshop 106

Workshop Pricing Book Article 106

Hotelogix

JANUARY 12, 2025

How do you ensure guests find you, trust you, and book with you in a world dominated by established giants? Guests today search, compare, and book almost entirely online, and your digital presence is what puts you on their radar. It’s the gateway to putting your property on the map and attracting those first bookings.

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Book Pricing Marketing Events 130

Revenue Hub

APRIL 3, 2025

NB: This is an article from Little Hotelier , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date As a small hotel owner, youve probably had months where bookings went up but, somehow, your bank balance didnt. You dont need to be an accountant to use it. Thats exactly where flow through comes in.

Book 108

Book Article Pricing Accounting 108

Modern Restaurant Management

NOVEMBER 3, 2023

After all, when it comes to choosing where to eat, we tend to prioritise the opinions and experiences of others over most other factors – it’s no wonder influencers have become such a powerful tool for restaurants in boosting their bookings. Fortunately, the direct result of this can be tracked relatively easily.

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Book Marketing Accounting Blog 197

Hotelogix

JANUARY 5, 2025

Google Ads help the hotels to enhance their online presence, increase direct bookings , and boost visibility on search engines. This guide explains how Google Ads can help you get more bookings and stand out from other hotels. Mobile-friendly : The responsive design ensures a smooth booking experience across all devices.

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Book Pricing Budgeting Demo 100

Revenue Hub

NOVEMBER 21, 2024

You set up some Google Ads, launch a few campaigns, and the bookings will start rolling in, right? The Hidden Cost: You’re paying for high-cost clicks that don’t convert into bookings. These may have lower search volumes but attract users who are closer to making a booking decision.

Book 107

Book Article Budgeting Marketing 107

Hospitality Net

JANUARY 9, 2025

Hospitality Financial and Technology Professionals (HFTP) is pleased to announce that the newly-revised 12th edition of the Uniform System of Accounts for the Lodging Industry (USALI) is now available as a soft-cover book.

Book 59

Book Accounting 59

SiteMinder

MARCH 23, 2025

Bangkok, Thailand Thailands Songkran festival has cemented itself as a drawcard for international travellers, with overseas guests now accounting for 86% of scheduled hotel check-ins between 10-17 April. Hotels in Koh Samui have marked the longest average booking lead time at 109 days, reflecting a 33% increase from last years 82 days.

Book 52

Book Travel and Tourism Scheduling Reservations 52

Revenue Hub

JANUARY 6, 2025

NetRevPAR takes the traditional RevPAR (Revenue per Available Room) metric a critical step further by accounting for all customer acquisition costssuch as distribution fees, marketing spend, and transaction charges. NetRevPAR: Moving Beyond Top-Line Revenue What it is ? High commissions or excessive discounting might erode net profits.

Budgeting 109

Budgeting Guest Satisfaction Accounting Article 109

Revenue Hub

NOVEMBER 14, 2024

This helps create accountability, ensure consistency, and reduce errors. For example, which of the following are you more likely to book? If your property is priced too high, you will miss out on bookings. Offer discounts for longer stays, early-bird bookings, and last-minute bookings. Or duties are shared.

Pricing 109

Pricing Scheduling Book Article 109

Hotelogix

OCTOBER 24, 2024

Be it F&B costing, giftshop, materials management, maintenance management, financial accounting management or HR & Payroll management, a Hotel PMS streamlines everything across all the departments. This would lead to overbooking and double booking. This happens through a process called Night Audit.

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Book Server Reservations Property Management 130

Revenue Hub

NOVEMBER 25, 2024

1 Excuse – It’s the accounting department’s responsibility. Yes, accounting is responsible for maintaining the books, the assets and the liabilities and ensuring the health of the financial machine, but it’s your responsibility to make sure your departmental costs are in-line. #2 No that’s wrong – full stop.

Accounting 109

Accounting Article Training Book 109

Revenue Hub

NOVEMBER 1, 2024

A neglected account might even drive potential guests away, wondering if your service and experiences are just as stagnant as your social presence. Why Active Social Media is Essential for Your Hotel Today’s guests often search social media to learn about a property, check reviews, and see real-time updates before they book.

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Accounting Scheduling Article Book 100

Revenue Hub

FEBRUARY 18, 2025

Before diving into these criteria, it’s important to note that while the Uniform System of Accounts for the Lodging Industry (USALI) does include segments for financial reporting, these are designed solely for accounting purposes.

Travel and Tourism 90

Travel and Tourism Accounting Article Book 90

Revenue Hub

JANUARY 27, 2025

Todays advanced measurements take into account both operational costs and revenue streams beyond rooms. We also provide weekly 21-to-28-day forecasts and daily pickup reports to keep stakeholders informed of booking trends. Modern hotel operations demand a broader set of metrics to assess profitability and long-term growth.

Accounting 102

Accounting Book Article Information 102

Hotelogix

FEBRUARY 17, 2025

Introduction: The Hidden Revenue Killer for Hotels Did you know that hotels utilizing a mix of OTAs, metasearch engines, and direct booking strategies experience significantly higher revenue growth than those relying on a single channel? Direct Booking Platforms - the hotel website and booking engine.

Book 100

Book Pricing Marketing Accounting 100

Revenue Hub

OCTOBER 4, 2024

A hotel Booking Engine is an online platform or software that allows customers to search for, view, and book hotel rooms and self-catering accommodation directly on a hotel’s or property’s website. Tailored offers such as promotions and special discounts can entice guests to book direct, saving on hefty OTA commissions.

Book 109

Book Reservations Article Property Management 109

Revenue Hub

NOVEMBER 18, 2024

Food festivals are your friend, expected to account for $560.3 Multi-Room & Group Bookings Vacation rentals are popular with intergenerational travelers because of the extra space available (three generations and one bathroom does not make for a pleasant trip). billion of the 2027 food tourism market.

Travel and Tourism 103

Travel and Tourism Article Book Blog 103

Revenue Hub

NOVEMBER 29, 2024

Direct Influence on Revenue Streams Sales drive immediate revenue through bookings and long-term contracts. For example, heavily discounted group bookings might fill rooms but yield minimal profit after accounting for costs like utilities, staffing, and amenities.

Strategic Planning 109

Strategic Planning Document Article Marketing 109

Hotel Business

APRIL 17, 2024

The report also found direct booking continues to experience high growth rates—up 22.5% For HotelREZ clients, mobile direct booking has more than doubled since 2019—up from 15% of all direct bookings to 32% in 2023. The GDS is often—incorrectly—regarded as a relic of travel booking. against its pre-pandemic standing.

Book 111

Book Reservations Procurement Accounting 111

Hospitality Magazine

JANUARY 7, 2024

It also told account members that they have until 31 March to redeem their Yums points and any not used before the date will automatically expire. TheFork will continue to operate in Europe, and any Australian members who want to use the platform overseas will have to make a new account to do so.

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Reservations Accounting Magazine Book 245

STAAH

JULY 3, 2024

Are you looking for new ways to attract more travellers and increase your bookings? Expedia Group package deals are all-in-one booking options that combine at least two of the three major travel products: flights, lodging and hire cars. Offer unbeatable value Packages are also one of the most appealing types of offers for travellers.

Book 109

Book Accounting Pricing Marketing 109

Hotelogix

DECEMBER 17, 2024

Increased Costs: Elevated chargeback rates trigger higher transaction fees from payment processors, and in severe cases, suspension of merchant accounts. Fraudulent Transactions Hotels face card-not-present fraud where stolen credit cards are used for online bookings. Common Causes of Chargebacks 1.

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Document Communication Book Reservations 100

Revenue Hub

JUNE 21, 2024

Remarketing in the hospitality sector is a strategic approach designed to re-engage both past guests who have experienced your hotel firsthand and those who have interacted with your hotel’s digital platforms without completing a booking.

Book 109

Book Guest Retention Article Catering 109

SiteMinder

APRIL 25, 2024

Barcelona, Spain – Spanish hotel bookings have jumped 34% ahead of the upcoming Labor Day holiday, compared to the same period last year. Compared to 2022, hotel booking momentum has grown 55%, as travellers take the opportunity to secure a five-day weekend.

Book 105

Book Reservations Accounting Information 105

Revenue Hub

SEPTEMBER 25, 2024

Nestled near Camelback Mountain in Paradise Valley, Arizona, this venue has created special social media accounts and website pages to highlight its wedding offerings. Being thoughtful about what and how we post has been our biggest source of getting (couples to book with us). One of those venues is El Chorro.

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Book Marketing Article Events 109

Hospitality Net

SEPTEMBER 9, 2024

Berlin, Germany – Hotel bookings during Oktoberfest are pouring into Munich and are set to account for 32% of the host city’s reservations this autumn.

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Book Reservations Accounting 97

Revenue Hub

MARCH 4, 2024

Fortunately, there are a few strategies that hoteliers can use to checkmate OTAs and encourage more hotel direct bookings. These strategies will help you boost direct bookings, reduce reliance on OTAs, and increase your hotel’s profitability. But, what can you do to increase your direct bookings and reduce your OTA dependency?

Book 106

Book Communication Reservations Article 106

Revenue Hub

FEBRUARY 15, 2024

Last-minute bookings are bookings that arrive days, hours, or minutes before the guests do. While these bookings can be trickier to handle (no one likes doing things last minute), they are worthwhile to pursue. Hint: There are OTAs specifically geared towards late bookings. Here is how to land guests in a hurry.

Book 109

Book Housekeeping Article Reservations 109

STAAH

JULY 16, 2024

Tapping into guest reviews and social media is a smart strategy that can set your property apart and drive direct bookings. This blog explores how accommodation providers can transform reviews into revenue by utilizing social media to drive direct bookings. Combined, they can significantly increase your direct bookings.

Book 113

Book Guest Satisfaction Training Blog 113

Revenue Hub

FEBRUARY 12, 2025

In the hotel context, survivorship bias leads us to consider only sales achieved (successes), without taking into account lost opportunities (critical impacts). Bookings generated : this KPI reflects all your hotels consolidated sales and provides a clear picture of what customers buy and when they buy it.

Book 69

Book Accounting Article Pricing 69

SiteMinder

JANUARY 8, 2025

By diversifying their distribution channels, hotels can reduce dependency on direct bookings and ensure a steady stream of revenue. Increase bookings and overall hotel revenue Bed banks help your hotel fill unsold inventory, especially during low seasons. This varies from bed bank to bed bank significantly, so check the fine print.

Book 96

Book Blog Catering Marketing 96

Hotelogix

NOVEMBER 28, 2024

Cost-Effective for Long Stays They can be more affordable for long-term stays, as they often offer lower nightly rates and discounts for extended bookings. The serviced apartment booking system is easy to use and can help ensure easier reservations for the guests. Book a Demo with Hotelogix PMS

Marketing 130

Marketing Blog Information Reservations 130

STAAH

MARCH 3, 2024

The vibrant city hotel’s revenue strategy, driven by STAAH’s OTA connections, resulted in a remarkable 300% year-on-year increase in direct bookings since the transition. Prior to STAAH, IDEAS direct bookings were a hit and miss. The booking engine was an plug and use that was easily customizable to fit the IDEAS brand.

Book 109

Book Customer Service Pricing Accounting 109

Revenue Hub

FEBRUARY 5, 2024

Repost images from guests on your Instagram account and redirect traffic to your website, where potential guests can view a collection of social proof. Encourage users to take specific actions like booking a room, exploring amenities, or learning more about your hotel.

Book 109

Book Article Accounting Marketing 109

SiteMinder

APRIL 16, 2024

New data from SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, reveals a 70% rise in the average booking lead time for hotels in Vietnam, following a sharp rise in international arrivals in 2023. The data was revealed by SiteMinder at the 7th Hospitality Vietnam Conference.

Book 104

Book Reservations Accounting Marketing 104

Hospitality Magazine

FEBRUARY 21, 2024

If you’re working with a PR agency, put together a list of publications you’d like to be featured in and have an account manager pitch to editorial teams with information about your venue as well as an invitation to come in. This can be done yourself or by a professional videographer or content agency.

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Marketing Accounting POS Systems Information 246