This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As we enter 2025, integrating Artificial Intelligence (AI) into hotel pricing strategies continues to revolutionize the hospitality industry. The impact of AI on hotel pricing has deepened and expanded, reshaping the industry in profound ways. billion by 2027, driven by this trend.
AI-Powered Personalization: Your Digital Concierge Evolved Artificial Intelligence has transcended buzzword status to become an indispensable ally in 2025: Advanced Chatbots: These sophisticated digital assistants manage everything from bookings to local recommendations with remarkable efficiency, 24/7. And boy, has it come a long way!
It handles guest reservations, check-in/check-out processes, and room assignments and provides concierge services. This includes advertising, promotions, pricing strategies and partnerships with travel agencies and online booking platforms. Human Resource Management: Managing the hotel’s workforce is essential.
A dedicated mobile app can enable express check-ins, keyless entries, and on-demand concierge services. To mark your glory in the market, you should reward both guests by giving lower prices to those directly approaching you. Reward your loyal guests: Loyal guests can be of two types: those who trust direct bookings more than OTAs.
Unified PropertyManagement System. A unifi ed propertymanagement system t hat helps automate everyday operations, streamline administrative functions, optimize online presence and manage communications at a hotel will play a key role in the overall success of a hotel business.
Immersive experiences : Virtual concierges and augmented reality tours are turning ordinary stays into extraordinary adventures. Here’s the scoop: Dynamic pricing strategies : AI-powered systems adjust rates in real-time based on demand, events, and competitor pricing, maximizing revenue per available room (RevPAR).
It acts as a virtual concierge, answering common questions, sharing booking links, promoting special offers, and even upselling services without staff intervention. Table of contents What does Visito do? Visito transforms guest communication for hotels by automating bookings, support, and marketing through messaging apps.
This includes automating routine tasks, personalising guest experiences, adjusting pricing strategies, and making your overall operations more efficient. Manage big data: AI tools can help analyse large volumes of data and simplify it enough to make strategic choices about guest characteristics and behaviour.
Seamless Hotel Management with Hotelogix Whether you’re running a hotel or a motel , managing operations efficiently is key to delivering a seamless guest experience. This is where Hotelogix comes in.
By analyzing data on guest behavior, market trends, and operational performance, hotels can optimize pricing strategies, improve marketing efforts, and boost overall effectiveness. Revenue Optimization Smart pricing and distribution strategies boost profitability. This results in better decision-making and increased profitability.
That means your marketing strategy needs to be as sharp as a concierges suit. Solutions like eZee Absolute , a cloud-based propertymanagement system (PMS), can seamlessly integrate with eZee Centrix , a powerful channel manager, to automate tasks like guest communication and reservations. Ready to keep up?
This provides you the opportunity to see if there is a problem with your menu or your pricing, or if you need a new package to get more guests enjoying breakfast at your property. It uses AI to understand guest inquiries and guide them through options like room availability, pricing, and special offers.
Market Insight: According to Straits Research , the global hotel management software market was valued at $3.43 Why hotels are shifting to cloud-based PMS (PropertyManagement Systems) : ✔ Real-time data access: Instantly update reservations, room availability, and guest preferences.
UK: Luxury property advisory and management firm Rhodium has launched a white-label propertymanagement service for the branded residence sector. The company currently manages a £12 billion portfolio including branded residence schemes in London, Dubai and Athens.
Gone are those days when a friendly concierge staff was the peak of personalized service. Hotels can now use machine learning to analyze data to anticipate guest needs, optimize pricing and improve operations. Moreover, traditional hotel room pricing methods are considered manual, time-consuming and inaccurate.
Assess their pricing, services, marketing strategies, and customer reviews. Pricing strategy: How you will set competitive room rates and consider implementing revenue management strategies to maximise occupancy and revenue. Revenue and pricing Now we’re onto the good bit!
Hotels can invest in technology such as mobile check-in/out, digital concierge services, and personalised communication channels to provide a better customer experience. Energy prices, inventory management, and employee productivity all play critical roles in the profitability of a hotel.
Integration Capabilities: Many POS systems can be integrated with other hotel management systems, such as PropertyManagement Systems (PMS) and Customer Relationship Management (CRM) platforms. Better Revenue Management: Accurate sales and revenue tracking through a POS system assists in effective revenue management.
How to advertise your Airbnb listings Advertising Airbnb listings , especially for hotel owners and operators with multiple properties or those managing medium-sized groups and chains, requires a strategic and organised approach. Research popular search terms related to your location and property type.
In the near future, the Homes & Hideaways by World of Hyatt platform is expected to feature key existing DRM properties in top U.S. While every property will be unique, each is professionally managed by thoroughly vetted propertymanagement companies to enjoy a quality experience.
Millennium Talia Residences will be Deyaar’s second property in Al Furjan after Amalia Residences. It also marks Deyaar’s fourth propertymanaged by Millennium Hotels & Resorts. Other properties include Millennium Atria Business Bay, Millennium Mont Rose at Dubai Science Park, and Millennium Al Barsha.
Direct bookings through your website are not only cost-effective but also give you control over pricing and branding. Plus, integration with your propertymanagement system (PMS) keeps your inventory accurate and prevents double bookings, ensuring a smooth reservation process.
One such software your property needs is a cloud-based PropertyManagement System (PMS). It enables seamless reservation management, guest check-ins, and check-outs, reducing wait times and ensuring a smooth flow of guests through the property. Let me get that for you.
As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. It’s about understanding that a hotel room isn’t a static product with a fixed price tag.
Booking engine comparison element 4: Pricing and fees Consider whether your chosen booking engine requires monthly or annual fees and what these unlock in terms of features. Easy to set up and use: Get started quickly and manage your bookings efficiently without a steep learning curve. No mix-ups, no extra hassle.
Hotel manager (or front of house manager). Assistant hotel manager (or assistant front of house manager). Night duty manager (or night auditor). For hotels with concierge services, there should ideally be a separate space to avoid long queues and overcrowding. Reservations agent.
As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. It’s about understanding that a hotel room isn’t a static product with a fixed price tag.
As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. It’s about understanding that a hotel room isn’t a static product with a fixed price tag.
The most important one is its integration with your propertymanagement system through which it works in sync with your overall hotel data. Even if you have a dedicated concierge, a guest would want to check-in at the earliest. So if your hotel is stuck in managing the waiting lines, then the kiosk is your way out.
They are less price-sensitive than leisure travellers. The CTM platform you choose should be capable of integrating seamlessly into your current hotel tech stack to ensure the tool can work with all your other systems, from your propertymanagement system ( PMS ) to your payment processor.
Mobile check-ins, digital concierge services and keyless entry systems have become commonplace, offering guests convenience and flexibility. Also, data analytics tools are now enabling hotels to anticipate guest preferences, optimize pricing strategies and improve marketing efforts.
We organize all of the trending information in your field so you don't have to. Join 11,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content