Hospitality Net

SEPTEMBER 13, 2024

Expedia has heavily invested in its ARM (Automatic Rate Match) tool to ensure it offers the best prices and wins bookings on its platform. With billion-dollar budgets and countless hours spent researching guest behavior, Expedia sets a clear example. Price matching is not just a trend but a tactic for staying competitive.

Pricing 95

Pricing Budgeting Book 95

Hotel Business

FEBRUARY 1, 2024

According to the 2024 State of the Meetings Industry report from Knowland and ConferenceDirect , pricing continues to be an issue with 47% of meeting planners. Larry Hanson, CMO, ConferenceDirect, said, “Planners are optimistic, with 42% expecting an increase in bookings this year. AI plays an increasing role in the meetings industry.

Pricing 109

Pricing Events Budgeting Presentation 109

Revenue Hub

FEBRUARY 15, 2024

It’s the price you charge for each room, and hoteliers often fret about setting it too high. In this blog post, we’ll delve deep into why you shouldn’t be afraid to push your room prices higher. They worry that setting room rates too high might discourage potential guests from booking.

Pricing 96

Pricing Blog Article Book 96

Revenue Hub

MARCH 14, 2024

In March 2021, the search engine Giant Google introduced organic booking links to help hoteliers connect with potential guests directly through their search results. By providing prices and availability, hotels now can appear in the hotel booking module for free, along with paid hotel ads. Why is this important?

Book 98

Book Budgeting Article Pricing 98

Hotel Owner

MAY 15, 2023

“I think because we focus on the basics, consumers recognise that and reward us for paying the right price, for the right product and not for things that they don’t need,” says Karim Malak, CEO of Easyhotel. In 2022, Easyhotel’s RevPAR was up 56% and its market share increased showing strength of the budget model in the current climate.

Budgeting 105

Budgeting Book Pricing Marketing 105

Revenue Hub

APRIL 25, 2024

For over 20 years, hotels have been competing with OTA’s for direct bookings. The newest battlefield is hotel metasearch, and OTA’s have committed an outsized portion of their attention and budget to ensure they dominate the field. They compete over the price of their offering, not the capability.

Book 91

Book Budgeting Article Pricing 91

Revenue Hub

MARCH 15, 2024

Hoteliers and revenue managers rely on effective hotel price monitoring to optimize revenue and maximize profitability. By understanding market trends, demand patterns, and competitor pricing strategies, hoteliers can adjust their pricing strategies in real time to attract more guests and maintain a competitive edge in the industry.

Pricing 84

Pricing Budgeting Article Information 84

Revenue Hub

NOVEMBER 8, 2023

You knew it was coming – it happens every year – but budget season was hectic so you pushed it to the bottom of your to-do list until… “What are we doing for Black Friday this year?” can be used to save you time (and budget!) at every stage of the customer booking journey. It’s the question every busy marketer fears.

Book 95

Book Budgeting Blog Pricing 95

Hotelogix

NOVEMBER 28, 2024

Fixing the Drop-Off Problem Ever notice how many visitors browse your website but never actually book? You don’t need a massive budget to make this happen. AI can predict which rooms need cleaning first, suggest price adjustments based on demand, and even help manage your restaurant’s inventory. The best part?

Housekeeping 147

Housekeeping Budgeting Demo Guest Satisfaction 147

InnQuest

FEBRUARY 1, 2023

This can be done by: Implementing energy-efficient measures Using eco-friendly products Promoting recycling and composting Be Where Your Audience Is A significant development that hotel managers need to be aware of is the rise of online booking and review platforms. Learn more about us here.

Pricing 221

Pricing Book Information Budgeting 221

Revenue Hub

JULY 31, 2024

The ongoing manual calculations and pricing updates across all your distribution channels are huge headaches to most hoteliers, especially if pricing isn’t your only responsibility at your property. How can you use data to improve your pricing strategy? Booking window insights Pay close attention to your booking window.

Pricing 89

Pricing Book Marketing Article 89

SiteMinder

DECEMBER 3, 2023

What are holiday bookings? Holiday bookings refer to the reservations made by individuals or groups for accommodation, travel, and other related services during their vacation period. For hotel managers, effectively managing holiday bookings is crucial.

Book 105

Book Pricing Reservations Budgeting 105

Revenue Hub

FEBRUARY 9, 2023

In this post, we dive into what travelers care about when booking air travel and how that aligns (or doesn’t align) with the airline industry’s perceptions to give airlines the best insights for 2023. Travelers are upping their budgets as well, with 43% of consumers saying their budget for the next 12 months will be higher than last year.

Pricing 89

Pricing Budgeting Book Article 89

Revenue Hub

JANUARY 17, 2024

As the hospitality industry gears up for a transformative year in 2024, hoteliers face an exciting challenge – how to capitalise on emerging trends to boost bookings and revenue in the first two quarters. The more personalised the experience, the higher the likelihood of securing bookings. Userguest is your ally in this endeavour.

Book 93

Book Pricing Article Marketing 93

Revenue Hub

AUGUST 10, 2023

Budget concerns driven by rising inflation can affect leisure traveler’s plans – but the right strategy can help to ease those concerns. Subscribe to our weekly newsletter and stay up to date Our recent survey identified the key things that influence travelers when making vacation decisions and how price plays into it.

Budgeting 80

Budgeting Pricing Article Catering 80

Revenue Hub

JULY 27, 2023

NB: This is an article from Demand Calendar One of the most pivotal decisions is setting the right price policy for hotel rooms. A hotel’s pricing strategy can be the difference between empty rooms and a bustling, thriving business. In this approach, hotel rooms are viewed and sold as commodities, regardless of who the guest is.

Pricing 87

Pricing Guest Satisfaction Article Blog 87

Hotelogix

OCTOBER 30, 2024

The hotel customer journey refers to the complete experience guests go through, from researching, booking, staying and post-stay interactions with the hotel. From social media interactions to booking to check-in and check-out, every stage is a chance for the hotel to create a positive and lasting impression.

Book 222

Book Blog Reservations Information 222

Revenue Hub

NOVEMBER 18, 2024

Most advice about group bookings centers on automation. With that in mind, here are eight ways to win more group bookings: steps you can take to leverage automation, strengthen relationships with group travelers, and convert leads to bookings. To capture a share, hotels need to up their game with groups.

Book 89

Book Article Events Pricing 89

Hotelogix

NOVEMBER 7, 2024

This blog outlines simple, actionable strategies that hotels of all sizes can use to grow their business, from direct bookings to pricing strategies and everything in between. By encouraging guests to book directly through your website, you can keep more of the revenue and build stronger relationships with your guests.

Pricing 130

Pricing Book Events Demo 130

Modern Restaurant Management

JANUARY 9, 2024

Banks have been reducing exposure to small businesses ever since the pandemic, and now with higher interest rates putting pressure on bank deposits and greater regulatory scrutiny, banks are reducing their loan books even more. What stage of growth are you in and do you have the budget to fund traditional advertising?

Pricing 193

Pricing Budgeting Marketing Catering 193

Hotelogix

OCTOBER 11, 2024

Hopper is a trusted platform for booking hotels with a solid reputation in the travel industry. Though it started with flight bookings, its move into hotel reservations has been widely appreciated. Any booking made through it is backed by reliable customer support, which ensures an easy booking experience for users.

Pricing 130

Pricing Book Download Budgeting 130

Hotelogix

NOVEMBER 28, 2024

Managing bookings across multiple channels has become a core part of running a successful hospitality business. A channel manager connects your property management system to booking platforms such as OTAs, GDS (Global Distribution Systems), and direct booking engines. Delays can lead to double bookings or lost revenue.

Book 130

Book Property Management Reservations Pricing 130

Revenue Hub

NOVEMBER 9, 2023

As a hotelier or revenue manager, you’re no stranger to the intricacies of managing bookings. NB: This is an article from Topline Revenue , one of our Expert Partners Yet, group bookings present a unique challenge. Fear not, though, because we’re here to guide you through the process of mastering group booking management.

Book 90

Book Pricing Guest Satisfaction Article 90

Revenue Hub

JULY 26, 2023

NB: This is an article from Global Asset Solutions Unlike other products that can be stored and sold later, the prices of hotel room nights often fluctuate based on supply and demand, with prices typically rising during peak seasons or when major events are happening and falling during slower periods.

Pricing 90

Pricing Book Marketing Article 90

Revenue Hub

OCTOBER 20, 2023

Budget season is upon us, and around the world hotel owners and operators are buried deep in data trying to come up with 2024 performance numbers. NB: This is an article from Hotstats What unique challenges are hotels facing in the 2024 budgeting and planning process? Pricing: Have We Reached a Ceiling? percent in 2022 to 6.8

Budgeting 98

Budgeting Travel and Tourism Pricing Article 98

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?

Pricing 130

Pricing Download Book Budgeting 130

InnQuest

MARCH 9, 2023

Additionally, many cloud providers offer flexible pricing models, so you can choose the option that best fits your budget and requirements. Conclusion To sum it up, cloud computing is a powerful and flexible technology solution that can benefit hotels of all sizes, whether small, budget, medium or large.

Server 222

Server Demo Budgeting Property Management 222

Hospitality Magazine

FEBRUARY 6, 2023

People will adjust their budgets and choices, and you’re flexible enough to meet them with fresh new offers. A digital menu gives you endless flexibility to experiment with new dishes, drinks and pricing. If something doesn’t work, it’s gone in minutes, or you can raise the price if it’s a success. Upgrade your menu.

Bookkeeping 162

Bookkeeping Pricing Book Customer Service 162

Revenue Hub

MARCH 21, 2023

Imagine not having to spend time switching between suppliers to book a room, a flight, and local activities. NB: This is an article from Altexsoft Think about a trip-booking solution that allows flexibly changing your tour content. In addition to travel content customization, package dynamism is defined by price quotation.

Book 84

Book Travel and Tourism Pricing Article 84

InnQuest

SEPTEMBER 12, 2023

This includes advertising, promotions, pricing strategies and partnerships with travel agencies and online booking platforms. This includes property management systems (PMS), online booking platforms , customer relationship management (CRM) tools and energy management systems to streamline operations and enhance guest experiences.

Maintenance 220

Maintenance Guest Satisfaction POS Systems Housekeeping 220

Hotelogix

DECEMBER 17, 2024

What makes guests choose one hotel over another even when the price and amenities are nearly the same?   More Direct Bookings, Higher Occupancy Strong branding gives your hotel an edge by encouraging guests to book directly through your website instead of relying on OTAs (Online Travel Agents).

Pricing 130

Pricing Book Marketing Budgeting 130

Revenue Hub

SEPTEMBER 6, 2023

In the age of digital transformation, the hospitality industry has witnessed a significant shift in how travelers plan and book their accommodations. When the CRS integrates Google Ads, it ensures that this specific messaging is displayed on Google Ads even before the prospects land on the booking engine.

Book 80

Book Budgeting Reservations Information 80

Revenue Hub

MARCH 14, 2024

Hotel booking apps are now a dominant source of bookings for accommodation providers, with travellers booking their trips online more often than not. billion in 2023, booking apps are where the money is – as well as your own hotel website. The wider you cast your net, the better too.

Book 81

Book Article Definition Budgeting 81

Hotelogix

JULY 18, 2024

It is an essential practice for hoteliers and revenue managers to optimize pricing, maximize occupancy, and enhance overall profitability. Update forecasts regularly: This will help you understand the latest market trends, booking patterns, and external factors such as economic changes or seasonal events. What is Hotel Forecasting?

Guest Satisfaction 130

Guest Satisfaction Budgeting Book Pricing 130

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.

Book 130

Book Pricing Customer Service Budgeting 130

STAAH

JUNE 11, 2024

Finding the right balance between OTAs and direct bookings is a crucial strategy for hotels and accommodation providers for success. On the other side, you have the hotel’s direct channel, their website, which is the most profitable for online booking. Hence, the turn to optimising direct bookings. Why direct bookings matter?

Book 88

Book Travel and Tourism Guest Satisfaction Marketing 88

Hotelogix

NOVEMBER 28, 2024

Whether it's business travelers seeking efficiency, luxury seekers craving unique experiences, or budget-conscious families planning their vacations, each group has distinct needs and preferences that present unique revenue opportunities. Focus on segments showing both high spending patterns and consistent booking frequencies.

Marketing 100

Marketing Guest Satisfaction Book Budgeting 100