STAAH

MARCH 5, 2024

Crafting a strategic plan for guests to make direct bookings at your hotel is crucial, particularly for Gen Z visitors who appreciate technology and unique experiences. Engaging visual content can create a powerful first impression and encourage direct bookings.

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Book Strategic Planning Catering Marketing 104

Revenue Hub

NOVEMBER 29, 2023

Discover what a booking window is and how it can help you secure more bookings for your hotel or lodging facility. What is the Booking Window? The booking window refers to the period between when a client books a room and their actual arrival at your facility. It indicates how far in advance guests book with you.

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Book Pricing Download Strategic Planning 106

Revenue Hub

OCTOBER 28, 2024

However, this year’s shortened holiday season means early strategic planning is crucial. Take advantage of upselling opportunities for spa services, dining options, or holiday-themed experiences during the booking process, as pairing rooms with ancillaries boosts total revenue and adds value for guests.

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Strategic Planning Guest Satisfaction Presentation Article 62

STAAH

MAY 16, 2023

Hotel managers and revenue managers use data analysis and revenue management tools to determine the optimal price for each room based on various factors such as occupancy rates, booking trends, and competitor rates. It helps them to book stress-free and gives them the confidence to keep uncertainty in mind.

Pricing 98

Pricing Book Strategic Planning Blog 98

Social Hospitality

NOVEMBER 20, 2024

People travel more to visit family and friends during this time, leading to an overflow of events, restaurant reservations, hotel bookings, and other seasonal activities. Planning holiday content can be overwhelming, but a structured editorial calendar makes it manageable and effective.

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Marketing Scheduling Events Blog 81

Modern Restaurant Management

APRIL 4, 2024

The book's highlighted advice includes: Pick The Battles to Win – Ganzler helps companies gather, organize, and evaluate myriad issues they could take on. Why did you want to write this book and why now? I hope the title captures the dual goals of the book. I hope the title captures the dual goals of the book.

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Hotelogix

JULY 18, 2024

Update forecasts regularly: This will help you understand the latest market trends, booking patterns, and external factors such as economic changes or seasonal events. Segment your market: To create more precise forecasts, segment your market into different categories, such as business travelers, leisure travelers, group bookings, etc.

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Guest Satisfaction Budgeting Book Pricing 130

SiteMinder

JULY 15, 2024

What is booking lead time? Booking lead time is the time between a guest making their booking and arriving at your hotel for their stay. For example, a guest who books your hotel on the 17th of July and arrives on the 31st of July has a booking lead time of 14 days. days in previous years to 36.43

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Book Blog Strategic Planning Marketing 52

Hotel Owner

JUNE 30, 2023

As it stands, the hospitality industry is facing a multitude of operational challenges that require careful navigation and strategic planning to overcome. Maintaining high standards is a symbiotic process: satisfied guests often become repeat visitors, while bookings are bolstered by positive reviews.

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Travel and Tourism Strategic Planning Procurement Concierge 105

Hotelogix

SEPTEMBER 12, 2024

It enables hotels—whether small, independent, or part of a group—to handle front office workflow, including booking, guest check-ins and checkouts, assigning rooms, managing housekeeping tasks, and billing. They can also take requests for booking cancellation/modification and room upgrades, etc, with ease.

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Property Management Housekeeping Maintenance Server 130

Revenue Hub

DECEMBER 13, 2023

Boosting customer loyalty and repeat bookings through tailored experiences. Key technological strategies include: Booking Engine Integration : Incorporating a booking engine with your pricing and availability management system allows for direct online bookings and dynamic pricing based on demand.

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Pricing Book Strategic Planning Information 109

Hotel Owner

JUNE 18, 2023

The importance of KPIs in the hotel industry cannot be overstated—they facilitate decision-making, inform strategic planning, and ultimately drive business growth. Monitoring and working on improving your ORS can drive more bookings. Booking Channels Identifying which channels (e.g.,

Book 105

Book Strategic Planning Guest Satisfaction Information 105

Social Hospitality

FEBRUARY 5, 2025

Many business owners choose between SEO (Search Engine Optimization) and paid advertising to drive traffic and increase bookings. When hospitality businesses recognize the advantages and drawbacks of these methods, a strategic plan that optimizes investment returns emerges.

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Events Special Events Strategic Planning Marketing 52

Revenue Hub

OCTOBER 23, 2023

To meet business objectives and drive higher revenue and profitability, there are new considerations that today’s revenue managers must account for in their strategic planning. With the ability to deliver greater value per booking through additional incentives, promotions, and special offers (e.g.,

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Pricing Book Cost Reduction Download 108

Revenue Hub

JULY 19, 2023

Further, engaging actively on social media can enhance your hotel’s visibility, attracting a wider audience and encouraging more direct bookings. These collaborations can increase your appeal, drive direct bookings, and lead to reciprocal referrals. Partner with Local Businesses Develop symbiotic relationships with local businesses.

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Pricing Article Strategic Planning Book 98

Revenue Hub

NOVEMBER 23, 2023

Such were the perceived costs of meeting every page in the hotel brand book that, in the past, owners and investors have been tempted to move to flags with a lighter touch, distribution-only, soft brands. In a world where everything changes so quickly it is important to follow the flow and change.

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Strategic Planning Presentation Article Information 109

Revenue Hub

NOVEMBER 27, 2023

Understanding revenue patterns is crucial for effective management and strategic planning. Weekly Business Patterns vs. Monthly Reporting in the Hotel Industry Understanding revenue patterns is crucial for effective management and strategic planning.

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Strategic Planning Blog Article Information 106

Revenue Hub

AUGUST 29, 2023

The science of resort revenue management transforms various factors, such as booking patterns, guest behaviour, market trends, and competitor analysis, into tangible insights that drive financial performance. Originating from the airline industry, this approach has been effectively integrated into the resort business model.

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Guest Satisfaction Pricing Strategic Planning Article 98

Hotel Owner

JANUARY 22, 2025

The experience taught him invaluable lessons in leadership, financial management, and strategic planning. Moving forward, the hotel plans to introduce solar panels, a recycling scheme for rooms, and tree-planting for every direct booking. Were starting to build a forestevery little bit helps, he says.

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Front of House Travel and Tourism Strategic Planning Catering 52

Revenue Hub

JULY 25, 2023

Hotel-related keywords often have higher competition and cost more to bid on which means careful selection and strategic planning is necessary. By following these guidelines, hotels can position themselves competitively and drive direct bookings. However, higher placements often come at a higher cost.

Budgeting 97

Budgeting Strategic Planning Article Blog 97

Revenue Hub

JUNE 28, 2023

And while hospitality professionals have built up enough know-how to drastically cut back on the need to ask why for most subjects, tapping into that childlike curiosity when working with data and developing strategic plans is actually an important skill to refine. Using “why?”

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Strategic Planning Housekeeping Article Book 98

Revenue Hub

OCTOBER 11, 2023

Automation: Routine tasks can be automated, freeing up time for strategic planning. You can see a summary of the points below Really hope you enjoy the conversation Subscribe to our weekly newsletter and stay up to date WATCH NEXT (A few of our other videos) Has The Sustainability Topic Reached Marketing and Revenue Teams?

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Training Strategic Planning Pricing Information 107

Revenue Hub

JULY 10, 2023

NB: This is an article from Demand Calendar The immediate issues – a sudden drop in bookings, a spike in customer complaints, an unexpected cost increase – demand attention and quick fixes. But in the rush to put out these fires, are we missing the bigger picture?

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Scheduling Strategic Planning Article Blog 95

Revenue Hub

SEPTEMBER 12, 2024

While traditional sources like room bookings and event space rentals remain vital, relying solely on them can expose your business to significant risks, especially in times of economic uncertainty or market saturation. Strategic planning and development Start by defining your revenue diversification goals using the S.M.A.R.T.

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Catering Travel and Tourism Events Marketing 109

SiteMinder

JULY 13, 2024

There are many ways you can approach this, from motivating guests to book directly to offering extended stays, up-sells or extras as well as encouraging guests to become a return visitor. The fluctuating demand, strong competition, and ever-changing e-commerce landscape in hospitality necessitate constant attention and strategic adaptation.

Pricing 98

Pricing Book Budgeting Marketing 98

SiteMinder

JULY 19, 2024

Without a channel manager, the process of managing packages and rates across various booking platforms like Booking.com and Airbnb was cumbersome and limited, hindering their ability to optimize revenue and reach new markets effectively. Michelle Spaeth reflects on the situation.

Strategic Planning 52

Strategic Planning Pricing Marketing Book 52

Revenue Hub

JUNE 19, 2024

It is critical to establish an effective collaboration between revenue management and asset management for strategic planning, as this will enable hotels to leverage industry insights that asset managers can provide to help them stay ahead of the curve.

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Pricing Book Reservations Marketing 97

Hotel Business

APRIL 18, 2023

The collaboration also offers hotels parity, demand, search, review, and ranking APIs, with on-the-books (OTB) and benchmark APIs launching soon. “We

Strategic Planning 52

Strategic Planning Pricing Book Back of House 52

Les Roches

JULY 9, 2024

Whether you are passionate about cultural exchange, sustainable development or strategic planning, working as a tourism consultant could be the right choice for you. The role of a tourism consultant Providing expert advice and strategic guidance to businesses, governmental and other organizations in the tourism industry.

Travel and Tourism 52

Travel and Tourism Strategic Planning Workshop Budgeting 52

Hotel Owner

JUNE 18, 2024

“Whilst the normal booking pattern means our forward visibility remains limited, our forward booked position is positive and we remain confident in the full year outlook. Our strategic plans are set to deliver a step change in our performance.” This reflects a more encouraging trading performance in the UK.”

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Strategic Planning Book Marketing 40

Xotels Hotel Revenue Management

APRIL 3, 2024

In our article about What is Revenue Management and in our Free Revenue Management Book for Hotels we have explained everything in detail about what the concept of revenue management is all about. Encourage Direct Hotel Bookings Encouraging customers to book directly should be a main priority included in your revenue management strategy.

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Pricing Book Marketing Information 76

Revenue Hub

AUGUST 15, 2024

In addition to the fear factor about what the future holds, revenue managers also often claim that an RMS can’t be as effective because computers can’t understand the subtleties of revenue management that only comes with experience and an understanding of human psychology (and its impact on the guest booking journey).

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Pricing Article Marketing Strategic Planning 109

eZee Absolute

JULY 9, 2024

Comprehensive Integrations for Enhanced Functionality YCS’s ecosystem of integrated products, including the channel manager and booking engine, played a vital role in enhancing Hotel Hill Vista’s operations. optimize room inventory, and increase direct bookings through their website.

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Reservations Guest Satisfaction Book Strategic Planning 52

Serviced Apartments

JUNE 24, 2024

Chris Lyon, head of client services, SilverDoor said: “Navigating business travel and MICE programmes during major events requires strategic planning, flexibility and local knowledge. As much as possible plan ahead to secure the best rates and accommodation as early as possible, particularly if managing accommodation for a large group.

Travel and Tourism 40

Travel and Tourism Strategic Planning Events Budgeting 40

Hotel Business

JUNE 15, 2023

The ability to react to spikes in demand by automatically revising booking forecasts for each night and room category could yield a wealth of benefits. The only way to cultivate loyal brand ambassadors is to create a welcoming experience throughout—from the very first booking.

Strategic Planning 59

Strategic Planning Guest Satisfaction Book Back of House 59

Les Roches

SEPTEMBER 20, 2024

If you’re someone who thrives on strategic planning and enjoys the intricate balance between financial management and guest satisfaction, hotel asset management might be your calling. As the industry is projected to grow by 5.5%

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Strategic Planning Guest Satisfaction Training Regulatory Compliance 52

Hotel Business

APRIL 19, 2024

Strategic planning around the logistics of rooms and suites being out of commission ensured minimal disruption to hotel guests. This involved consideration of booking history, the season and local events. Working on the project while the hotel was open was a challenge.

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Strategic Planning Events Book 59