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.

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InnQuest

APRIL 5, 2023

Anyone who has worked in the hospitality industry for a few years would enthusiastically attest to the importance of yield management in hotels, particularly in hotel revenue management. Before delving into the benefits of yield management in the hotel industry, it is essential to understand what it means.

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Hotelogix

NOVEMBER 28, 2024

They offer the convenience of hotel-like services while providing more amenities and space for the price.  Using quality a hotel property management system like Hotelogix helps hotel service apartment management in numerous ways.   How to market a serviced apartment? 

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SiteMinder

JANUARY 8, 2025

Their platform offers advanced tools for inventory management and dynamic pricing. Bonotel focuses on luxury and boutique hotels, offering tailored services for properties aiming to attract high-end travelers. SiteMinders channel manager has streamlined our bookings and inventory management.

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Hotelogix

JANUARY 10, 2025

It's free, simple to operate, and capable of managing basic bookings. Nonetheless, it’s crucial to take into account your particular requirements and future objectives.    Trade-off between time and money: Although the system is free, take into account the time expense of managing it manually.

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InnQuest

SEPTEMBER 28, 2022

Key Pillars of a Guest-centric Cloud Property Management System. When it comes to producing a top-notch guest experience, your hotel management system is your best asset. accounting) so that all the information is seamlessly integrated and easily accessible at all times. To Wrap It Up.

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Revenue Hub

JANUARY 15, 2024

NB: This is an article from Hotel Financial Coach On the other hand, most hoteliers are at a loss to properly set up and manage the transactions so that they do not end up with a mess in their books and systems. The critical aspect of the pricing is that every item should be discounted the same amount, i.e., percentage.

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Accounting Pricing Article Property Management 109

Revenue Hub

DECEMBER 4, 2023

Automation is the driving factor behind the advancement of revenue management in the changing world of hospitality. NB: This is an article from DynamEat Today’s solutions excel at generating price choices and adjustments automatically by using advances in artificial intelligence and machine learning.

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Pricing Special Events Accounting Article 109

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. and shares real-time updates across channels. Learn more about us here. .

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Revenue Hub

MAY 17, 2024

Review Data for Optimal Pricing & Distribution Review last year’s occupancy and revenue data to help you price rooms and packages correctly, and optimize your presence across distribution channels. A revenue management system (RMS) is a big help here. A revenue management system (RMS) is a big help here.

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Hotelogix

JULY 11, 2024

From setting the right prices to attracting the right guests, every decision you make impacts your hotel's bottom line. In this blog, we will delve into different aspects of hotel revenue management and explore top tips and tricks to help you optimize your hotel’s revenue potential.

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Hotelogix

OCTOBER 19, 2023

Managing daily hotel operations is undoubtedly a complex and stressful task. We are talking about the Hotel Property Management System, also called the Hotel PMS System.   Accounting Management: It automates the accounting processes of hotels, such as billing and invoicing. You are right.

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Hotelogix

OCTOBER 24, 2024

Understanding different hospitality technology solutions and their roles – Hotel PMS You can call it a Hotel PMS, hotel property management system , hotel property management software, hotel management system, hotel management software, or hotel software.

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Book Server Reservations Property Management 130

Revenue Hub

SEPTEMBER 16, 2024

NB: This is an article from DerbySoft Subscribe to our weekly newsletter and stay up to date Today’s guests demand instant availability and pricing, whether on Google, Online Travel Agents (OTAs) like Expedia, or your independent hotel’s own website. For this reason, choosing a channel manager with top-of-class update speeds is essential.

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Pricing Reservations Book Article 104

Hotelogix

OCTOBER 17, 2024

These metrics can inform pricing strategies and marketing efforts, ensuring you’re maximizing your revenue potential.    Informed Decision-Making: With access to real-time data, hotel managers can make informed decisions based on actual performance rather than gut feelings.

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Revenue Hub

APRIL 29, 2024

NB: This is an article from RateGain Subscribe to our weekly newsletter and stay up to date It enables you to rapidly and concurrently update room availability and the most recent room pricing across numerous channels. As a result, hotels may oversee these channels from a single location.

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Reservations Book Article Pricing 109

STAAH

MARCH 19, 2023

Philippines-based Royale Paragon Hospitality Group is a hospitality marketing management company looking into multiple boutique properties across the country, including A’s Guest House, Vivien’s Hotel, and Felicity Island Hotel in Lapu-Lapu City. It is not just the ease of use of STAAH that has impressed the Royale Paragon team.

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Marketing Pricing Customer Service Reservations 98

Hotel Business

JANUARY 6, 2025

The rising cost of utilities Recent trends in energy markets reveal a persistent upward trajectory in utility prices, making it imperative for property managers to seek efficiency improvements proactively. electricity prices have grown by 3.6% For instance, U.S. over the past year, outpacing general inflation.

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Hotelogix

JUNE 28, 2024

It offers:  Accountability: A well-defined cancellation policy cultivates a sense of responsibility among guests.   Optimizes inventory:   It enables effective room management and pricing adjustments that maximize occupancy rates. So, they may choose to be stricter when applying group cancellations.  

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Revenue Hub

NOVEMBER 30, 2022

Get account-level projections. The sales team can provide estimates for room night production per account, by month if possible. Opt for dynamic pricing. This approach to pricing rooms relies on algorithms to set room prices based on supply and demand on any given day. Get a handle on daily demand.

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Budgeting Pricing Accounting Article 98

Hotel Owner

OCTOBER 21, 2022

Virtually all aspects of the research and booking process have moved online, which has created an immense amount of data for properties to decipher. This data is precious and holds essential insights for hoteliers to attract more guests, make better pricing decisions, and deliver a better guest experience. 5 important KPIs to track .

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Pricing Book Accounting Housekeeping 119

Revenue Hub

OCTOBER 4, 2024

NB: This is an article from GuestRevu Subscribe to our weekly newsletter and stay up to date It integrates with the accommodation’s Property Management System (PMS) to display real-time availability, pricing, and room details, enabling guests to make secure reservations without needing to contact the hotel directly.

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Book Reservations Article Property Management 109

STAAH

APRIL 10, 2023

It offers a wide range of travel services to its partners, enabling them to serve their customers efficiently, with the right pricing and inventory. Find out more here Property Management Systems Truelogics Infotech Private Ltd. Find out more here EXCEED Software is a feature-rich hotel property management software.

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Travel and Tourism Property Management Book Budgeting 98

Hotel Business

MAY 16, 2023

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. For instance, some legacy property management systems don’t integrate well with third-party tools. How has that integration gone? That integration has gone well.

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Front Desk Operations Property Management Book Accounting 96

Revenue Hub

APRIL 25, 2023

Manual Accounts Payable processes are one example of outdated processes that automation brings a solution to. Many manual processes are still being used by hoteliers, which puts a delay in their workflow and causes them to often be inefficient.

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Hotelogix

OCTOBER 18, 2023

  👉It offers real-time information about room availability, pricing, and amenities, allowing potential guests to make informed decisions and quickly secure their reservations. It allows them to browse available rooms, view pricing and amenities, and make real-time reservations through various channels.

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Reservations Book Information Guest Satisfaction 100

STAAH

NOVEMBER 29, 2022

Did you know STAAH Max Channel Manager gives in-depth insights and booking trends? Get account-level projections. The sales team can provide estimates for room night production per account, by month if possible. Opt for dynamic pricing. Prices are adjusted in real-time so the yield from every room is much higher.

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Budgeting Pricing Book Accounting 94

Revenue Hub

JULY 19, 2023

So, when using the occupancy rate, you should be careful with it and take into account other measurements to get a fuller picture. Along with other hospitality metrics like RevPAR , the occupancy rate is an important KPI that allows better and more accurate revenue management aimed at maximizing income. Why track occupancy rate?

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Maintenance Article Pricing Scheduling 97

Revenue Hub

JUNE 13, 2024

The Operator’s Perspective Imagine upon receiving a new booking, that your Property Management System automatically attaches the chosen guest attributes to the guest’s profile. Next, the system compares current inventory levels against expected demand, automatically adjusting the pricing of all available attributes for future bookings.

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Book Pricing Information Article 100

Hotelogix

FEBRUARY 13, 2024

This exploration delves into the intricate operational requirements of large hotels, the pitfalls of wrong management practices - either manually or via outdated on-premises solutions, and how a cloud-based hotel management software or a hotel property management system (Hotel PMS) acts as a savior, ensuring a seamless performance across the board.

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Housekeeping Regulatory Compliance Guest Satisfaction Maintenance 147

Revenue Hub

NOVEMBER 30, 2022

This is accelerating a move from revenue metrics to net-revenue-centric metrics (after accounting for costs to acquire and/or service this revenue). Revenue-management system solutions have provided key revenue-management levers like high-powered forecasting, analytical pricing and rate availability to help drive better revenue performance.

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Reservations Pricing Book Accounting 98

SiteMinder

JULY 13, 2024

What is hotel revenue management? Hotel revenue management is the strategic distribution and pricing tactics used to sell perishable room inventory to the right guests at the right time in order to boost revenue growth. Many businesses where consumers spend money have varying prices based on demand, supply and shifts in costs.

Pricing 98

Pricing Book Budgeting Marketing 98

InnQuest

NOVEMBER 21, 2022

These options are no longer just “nice-to-have” – consumers have adjusted to contactless experiences due to the pandemic and now expect hotels to provide these options, so take care to ensure that your Property Management System can fulfil their evolving needs.

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Hotelogix

FEBRUARY 1, 2024

High-end hotel management software or hotel property management systems (Hotel PSM) have a hefty price tag. It means they primarily maintain an Excel Sheet to keep track of guest records, availability, finances, accounting, etc. For this, small hotel owners often need more time and resources to make the most of it. 

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Hotelogix

OCTOBER 18, 2023

This guide will offer you an in-depth overview of hotel management software, its benefits, features, and how it can help hoteliers like you to run your business successfully. What is hotel management software? You don't have to pay upfront for the solution, as you can get the cloud version on subscription-based pricing.

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Housekeeping Reservations Server Accounting 130

SiteMinder

DECEMBER 1, 2024

In tandem with invoices, receipts can also help you to track revenue trends, optimise your pricing, and identify new opportunities that you can capitalise on. It works effectively and efficiently, and when market demand fluctuates we are able to change our pricing strategy in a timely manner, to optimise the business opportunity.”

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Revenue Hub

FEBRUARY 15, 2024

Integrate Your OTAs With Your PMS Your PMS (property management system) is the command center of your hotel and handles everything from reservations to accounting to housekeeping. Responsive design allows your website to optimize itself for the device it’s being viewed on.

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Book Housekeeping Article Reservations 109