Revenue Hub

FEBRUARY 15, 2023

Attribute-based pricing is becoming an increasingly popular pricing model in the hotel industry. Subscribe to our weekly newsletter and stay up to date In this post, we are going to discuss what attribute-based pricing is, and how using an efficient rate structure can help you boost your overall revenue and profits.

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Guest Satisfaction Pricing Book Reservations 94

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.

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Book Reservations Article Property Management 95

Revenue Hub

FEBRUARY 20, 2024

NB: This is an article from Lighthouse (formerly OTA Insight) Subscribe to our weekly newsletter and stay up to date Your property should have a tailored pricing strategy that fits its unique needs, but there are common industry practices that can be honed to compliment your business and improve performance.

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Pricing Article Accounting Training 87

Hotelogix

OCTOBER 3, 2024

In today's digital world, Online Travel Agencies (OTAs) like Booking.com and Expedia have become essential for hotels looking to reach a larger audience and increase bookings. This blog will provide simple yet effective strategies to help you market your hotel successfully on OTAs, boost your visibility, and increase your bookings.

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STAAH

JULY 23, 2024

In the ever-evolving landscape of the hotel industry, finding the right pricing strategy can significantly impact your business’s success. One approach that has gained traction among savvy hotel owners and managers is dynamic pricing. But what exactly is dynamic pricing?

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Pricing Marketing Book Accounting 97

Revenue Hub

APRIL 24, 2024

Efficient hotel pricing strategy is a must-have for today’s hoteliers to increase their overall profitability. Hotel revenue managers should understand various aspects including distribution mix, demand forecast, competition pricing and consumers’ buying trends, etc. to manage pricing more effectively and to increase hotel profit.

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Pricing Book Accounting Marketing 80

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.

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Book Accounting Pricing Marketing 92

Revenue Hub

MAY 23, 2023

With this information, hoteliers can make more informed decisions about pricing, inventory, and marketing strategies. Data analytics tools allow hoteliers to access real-time data on occupancy rates, demand trends, and competitor pricing. This has resulted in more efficient revenue management and increased profitability.

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Revenue Hub

SEPTEMBER 13, 2024

Open Pricing provides you with the ability to yield room types based on demand. NB: This is an article from Duetto Subscribe to our weekly newsletter and stay up to date All prices in a BAR concept are fixed modifiers off each other, either at a dollar mark or as a percentage discount.

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Pricing Accounting Article Marketing 79

Revenue Hub

DECEMBER 15, 2023

NB: This is an article from Hotelivate Subscribe to our weekly newsletter and stay up to date Moreover, from their initial target segment of price sensitive customers, the AI model has rapidly evolved to include elaborate food and beverage offerings, unique experiences, and wellness treatments among others. Why does All-Inclusive Work?

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Revenue Hub

JULY 4, 2023

NB: This is an article from WebRezPro But as inflation and high flight prices persist, the revenge travel surge may start to wane. As the cost of living continues to rise, so will travelers’ price sensitivity. Keep reading for ideas… Value-added packages Attract price-sensitive guests by offering added value.

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Pricing Reservations Property Management Article 74

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.

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Book Reservations Accounting Marketing 104

SiteMinder

SEPTEMBER 6, 2023

What is the online booking process? The online hotel booking process is how guests book and pay for a stay at your hotel. It should include a smooth, secure booking system that shows real-time room availability and pricing, letting guests book a room without the back-and-forth of phone calls or emails.

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Book Reservations Blog Information 98

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. But profiting from delivery should be front of mind, which means condensing your menu and pricing it accordingly.

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Revenue Hub

MARCH 4, 2024

OTAs are offering guests the best of both worlds: lots of information about properties, pricing comparisons and real guests reviews. Fortunately, there are a few strategies that hoteliers can use to checkmate OTAs and encourage more hotel direct bookings. ‍ Your direct booking channels -a.k.a. among others.

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Book Communication Reservations Article 81

Hotelogix

FEBRUARY 4, 2024

You can see which rooms are available, which are booked, and which guests are checking in and out. You can update prices, add new items, and manage inventory. Accounting Managing your hotel's finances is essential, right? With hotel management software, you can streamline your accounting operations. 

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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. Usability apart, STAAH is well-known for its smart features driven by dynamic pricing.

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Book Customer Service Pricing Accounting 86

Hotel Business

NOVEMBER 15, 2022

Today’s travelers have an unprecedented level of power when it comes to booking their trips online. While the benefits for the traveler are obvious, new challenges for the industry have arisen as the online travel market has become too price conscious, losing focus on offering the right product at a fair price. By Hari Nair.

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Accounting Pricing Book Information 132

Hotelogix

JULY 11, 2024

From setting the right prices to attracting the right guests, every decision you make impacts your hotel's bottom line. Hotel revenue management involves strategically adjusting your hotel's pricing and availability to maximize revenue.   What is Revenue Management in Hotels?

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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.

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Workshop Pricing Book Article 81

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.

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Book Housekeeping Article Reservations 91

Revenue Hub

APRIL 3, 2023

By offering these free ads, trivago hopes to demonstrate the traffic and booking potential of the metasearch engine to the hotel and encourage them to activate a paid campaign (either CPC or CPA). Unlike Google free booking links, there will be no additional slot for these ads or any other difference that identifies them as free ads.

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Book Pricing Article Accounting 84

Revenue Hub

JULY 15, 2024

Perhaps you’ve found yourself wishing you had more direct bookings, but you’re unsure of how to get there. The article will answer key questions around enhancing direct bookings, boosting visibility on Google, improving overall ratings on booking platforms, managing guest reviews effectively, and evaluating the need for website optimization.

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Book Article Pricing Information 93

eZee Absolute

SEPTEMBER 30, 2022

It is a well-known fact that hoteliers nowadays secure a large percentage of their overall bookings through the online ecosystem. And there’s no hiding that Online Travel Agents (OTAs) are a major source for optimizing their online booking flow. It is observed that OTAs control approximately 2/3rd of all online bookings.

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Book Pricing Blog Reservations 85

Modern Restaurant Management

MARCH 24, 2022

Chloe’s bistro will be opening for drinks and small lunches in the daytime and providing a limited number of hot meals (booking only – it’s a small place!) Chloe will have to adjust her monthly calculation to account for the complexities of each individual month. in the evening. So, she starts doing some calculations.

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Accounting Pricing Definition Catering 179

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? Pricing: What Rates Will You Charge? Pricing is one of the most important tasks of revenue management. If your property is priced too high, you will miss out on bookings.

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Hotelogix

OCTOBER 1, 2024

These platforms have become the go-to for many travelers, offering a simple and convenient way to book everything from flights to hotels. Whether it’s suggesting hotels based on your past bookings or offering deals that match your budget, personalization is critical. It’s fast, convenient, and always in your pocket.

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Book Pricing Customer Service Budgeting 130

Modern Restaurant Management

AUGUST 26, 2022

The consequences of even a single accounting error by a restaurant can snowball and incur late fees, accrued debt, and even damage relationships with vendors. Say goodbye to tedious manual calculations, data transfers, paychecks, balancing the books, and more. Automation takes these disastrous possibilities off the table.

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InnQuest

AUGUST 11, 2022

T his blog covers everything you need to know about roomMaster Anywhere – From securing bookings and streamlining operations to managing a workforce and enhancing the guest experience, there’s a lot that goes behind efficient property management. To book a demonstration of our award-winning hotel management software , click here.

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Book Blog Property Management Housekeeping 130

Modern Restaurant Management

AUGUST 2, 2024

As a result, they are making hard decisions to adjust prices and make menu changes. ” No-Show Fees An increasing number of restaurants are set to enforce cancellation fees for diners who don’t arrive for their booking or those who cancel their booking. LTO Impact A new Placer.ai

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Hotelogix

JUNE 28, 2024

After this period is crossed, hotels may apply a cancellation fee, a percentage of the booking amount, or the entire booking cost.   It fosters responsibility, ensuring guests commit genuinely to their bookings. The Hotel cancellation policy allows guests to cancel reservations up to a specified time before check-in.

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STAAH

SEPTEMBER 6, 2023

Boost your Expedia bookings with Package deals and Mobile promotions directly from STAAH MAX Channel Manager Expedia Group Package Deals via STAAH Channel Manager Are you looking for new ways to attract more travelers and increase your bookings? In fact, 54% of Expedia Group travellers book on mobile devices*. The best part?

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Book Accounting Pricing Marketing 87

Boutique Hotel News

DECEMBER 20, 2022

This means that during periods of high consumer price growth, hotels have been able to raise room rates and pass on these rising costs to guests. Some day, users might be able to book a hotel stay directly through the platform as well as buy hotel related items advertised in video content. per cent on average above inflation per year.

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Hotel Business

JULY 9, 2024

OpenSpace provides algorithm-based pricing for meetings and events, including weddings, incentives and conferences, enabling hotels to dynamically yield all function spaces, including external spaces such as gardens. Wanting to provide the most value, we asked specifically what they would like to be included on the dashboard—and we delivered.”

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Accounting Concierge Book Communication 104

Revenue Hub

NOVEMBER 18, 2024

In today’s highly competitive hospitality landscape, understanding the digital customer journey is crucial for hotels looking to optimise their online presence and increase direct bookings. Consideration: They explore your website, reading about amenities, checking reviews, and comparing prices.

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Book Reservations Article Accounting 91

Modern Restaurant Management

FEBRUARY 15, 2021

But it would take another book to cover how academia fails to address these unique characteristics and nurture these future “single task” nonconformists. Again, in most cases, revenue for restaurants is derived by establishing a retail price for commodities listed on a menu of options.

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Pricing Book Accounting Presentation 179

Modern Restaurant Management

AUGUST 28, 2024

Modern Restaurant Management (MRM) magazine connected with Kim Lawton, founder and CEO of New York City-based marketing agency Enthuse to discuss social media accountability, safeguarding a brand, best practices and more. The Chipotle example underscores the immense power of social media in holding brands accountable.

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