Revenue Hub

JUNE 26, 2024

The process of revenue management involves analyzing vast amounts of data to forecast demand, segment customers and determine the optimal price for each room, based on real-time market conditions, among other factors. But there’s another important factor to consider, which is integral for optimal revenue management: the human element.

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STAAH

JUNE 4, 2024

Let’s delve into the essentials of hotel booking engines , understanding what they are, how they work, and why they are indispensable in the modern hotel landscape. A hotel booking engine is a software application integrated into a hotel’s website, allowing guests to reserve rooms directly. What is a Hotel Booking Engine?

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Revenue Hub

AUGUST 7, 2023

Subscribe to our weekly newsletter and stay up to date By leveraging sophisticated technologies and analyzing vast amounts of data, revenue management analytics empowers hoteliers to make informed decisions that drive revenue, enhance guest satisfaction, and secure a competitive edge.

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InnQuest

OCTOBER 24, 2023

Advantages of Direct Bookings Direct bookings occur when guests reserve rooms through a hotel’s website or by calling the property. Despite the rising popularity of OTAs, direct bookings continue to hold their own in the competitive landscape.

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InnQuest

OCTOBER 17, 2023

They are a result of a delicate balance between maximizing revenue and providing guest satisfaction. While overbooking can lead to guest inconvenience and potential financial losses for the hotel, it is a revenue management strategy used to achieve high occupancy rates. Hotel Overbooking: Concerning or Not?

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Revenue Hub

JUNE 11, 2024

Additionally, understanding the competitive landscape, including competitors’ pricing strategies and market positioning, is vital for maintaining a competitive edge. The Art of Hospitality At its heart, hospitality is about creating exceptional guest experiences.

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Revenue Hub

MARCH 22, 2024

In the contemporary landscape of hospitality industry, data-driven decision-making has emerged as a pivotal tool for maximising profitability and elevating guest satisfaction in hotels. COMPETITIVE BENCHMARKING: Analysing competitor pricing, market demand, and trends is imperative for hotels to stay ahead in the game.

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Hotelogix

SEPTEMBER 19, 2024

As the hospitality landscape evolves, knowing how to navigate these channels can significantly impact your occupancy rates and overall profitability. These platforms provide a self-service model that allows guests to compare prices, read reviews, and book rooms at their convenience. Schedule a Demo Call with Hotelogix

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Revenue Hub

AUGUST 28, 2024

This demand for personalization is crucial for enhancing guest satisfaction and fostering loyalty. Seamless Digital Interactions: The expectation for seamless digital interactions has become a non-negotiable aspect of the guest experience.

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STAAH

OCTOBER 15, 2024

The right software is a game-changer for hotel success, shaping everything from operational efficiency to guest satisfaction. As technology continues to advance, hotels have transformed the way they manage daily tasks and interact with guests. Let’s take a look at some essential software solutions every hotel should consider.

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Revenue Hub

NOVEMBER 9, 2023

Step 1: Understand the Group Booking Landscape The journey to profitable group booking management begins with understanding the landscape. Step 2: Strategic Pricing and Inventory Management Now it’s time to dive into pricing and inventory management. This step holds the key to maximizing revenue.

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NV Hotels

OCTOBER 23, 2024

In today’s competitive hospitality landscape, guests expect exceptional experiences, and hotel managers are under immense pressure to deliver. With nearby competitors often offering the same services, hotels must find innovative ways to build guest loyalty or risk losing business.

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Revenue Hub

SEPTEMBER 13, 2023

NB: This is an article from Demand Calendar If so, you may miss substantial revenue streams and opportunities for greater guest satisfaction. In today’s competitive landscape, full-service hotels and resorts must look beyond room bookings to become truly profitable.

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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. Trust me, this solution will revolutionize how you run your hotel and improve overall guest satisfaction.  For this, small hotel owners often need more time and resources to make the most of it.  Get demo NOW.

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Revenue Hub

SEPTEMBER 5, 2023

This allows them to adjust pricing strategies, allocate rooms accordingly, and maximize revenue during peak seasons while avoiding vacancies during off-peak periods. By utilizing revenue management systems, hotels can optimize prices in real-time to strike a balance between attracting guests and maximizing revenue.

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STAAH

FEBRUARY 14, 2024

In the dynamic landscape of the hospitality industry, efficient management of room inventory, rates, and reservations is paramount for success. With real-time updates on room inventory and rates, hotels can implement strategic pricing and promotional strategies to attract more bookings and revenue.

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Revenue Hub

APRIL 4, 2024

Guests today relish hyper-personalized experiences and tailored offers throughout their stay. With this in mind, hotel executives should leverage guest data to customize offerings and experiences to enhance guest satisfaction and drive loyalty. By 2024, 75% of hotels are expected to use AI for personalized pricing.

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SiteMinder

MARCH 20, 2024

Nestled in the serene landscapes of Nakhon Pathom, just a stone’s throw away from bustling Bangkok, Neera Retreat stands as a beacon of modern hospitality.

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Revenue Hub

OCTOBER 18, 2023

Dynamic Pricing Strategies Dynamic pricing allows hotels to adjust room rates based on demand and booking behaviour. By monitoring user behaviour, hoteliers can identify peak booking times and adjust pricing accordingly. This strategy maximises revenue without alienating potential guests.

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Revenue Hub

MAY 17, 2023

In today’s dynamic world, where guests are spoiled for choice and hotel supply is increasingly abundant, hoteliers must continually adapt and innovate to maintain and increase occupancy rates. Direct bookings help you build stronger relationships with your guests while avoiding OTA commissions.

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STAAH

OCTOBER 15, 2024

The right software is a game-changer for hotel success, shaping everything from operational efficiency to guest satisfaction. As technology continues to advance, hotels have transformed the way they manage daily tasks and interact with guests. Let’s take a look at some essential software solutions every hotel should consider.

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Revenue Hub

APRIL 22, 2024

And how will this impact the dynamics between prestige, price, and preference in the hotel industry? As a global leader in hotel reputation management we have data on the guest perception of hotels which becomes the hotel’s reputation. This indicates a complex relationship between luxury ratings and guest satisfaction.

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STAAH

SEPTEMBER 5, 2023

In the fast-evolving landscape of the hospitality industry, cloud-based software solutions have become indispensable for staying competitive. Let’s explore the various types of online distribution that every hospitality industry should embrace to maintain their prominence in the eyes of potential guests.

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Revenue Hub

APRIL 30, 2024

This article debunks these misconceptions, highlighting the complex nature of revenue management that goes beyond pricing to include market analysis and customer behavior. Join us as we uncover the truth about how revenue management can enhance profitability and guest satisfaction. However, this is far from the truth.

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Revenue Hub

JANUARY 19, 2024

This integration ensures that non-room revenue is factored into the overall revenue management strategy, empowering hoteliers to make informed decisions regarding pricing, promotions, and service offerings to maximize RevPAG. This flexibility ensures that prices are aligned with the perceived value of these services.

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Hotelogix

OCTOBER 18, 2023

It's a comprehensive solution that empowers your hotel to optimize operations, deliver exceptional guest experiences, and thrive in a competitive industry.  It enhances guest satisfaction, optimizes operational efficiency, and drives revenue growth for your hotel business. 

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STAAH

NOVEMBER 12, 2024

From exclusive offers and booking confirmations to personalized stay recommendations, email marketing is a powerful tool to boost direct bookings , build brand loyalty, and enhance guest satisfaction. The Hotel Email Marketing Landscape in 2024 In 2024, email marketing for hotels is highly strategic, data-driven, and personalized.

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Revenue Hub

JANUARY 9, 2024

Today, we navigate a landscape marked by changing guest expectations, technological advancements, and a competitive market that demands agility and foresight. Room sales are on par with pre-pandemic levels, and hotels have started to experience a slight price resistance.

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Hotelogix

AUGUST 27, 2024

Here are some key points: Reach More Guests: Channels like OTAs and booking sites help hotels attract a bigger audience. Increase Bookings and Revenue: Being on more than one platform let’s hotels adjust prices and fill more rooms. Integrating with a GDS can open up new markets and bring in more bookings.

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Hotelogix

FEBRUARY 13, 2024

Operating a large independent hotel with 200+ rooms, 4-5 in-house restaurants, a couple of gyms, spas, and gift shops is multifaceted, where precision, efficiency, and guest satisfaction are paramount.   Attracting potential guests Competition is heating up, and guests have become more price-conscious.

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Revenue Hub

MARCH 20, 2024

By investing in robust direct booking engines, dynamic pricing solutions, and AI-powered chatbots, hoteliers can streamline the booking process and enhance the user experience. By leveraging personalised offers and website notifications, they can entice guests to book directly through their website.

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Revenue Hub

JULY 11, 2023

Subscribe to our weekly newsletter and stay up to date Demystifying Revenue Management At its heart, revenue management is a strategic toolkit in the hotel industry that allows businesses to forecast consumer behavior, optimize product availability, and fine-tune pricing to maximize revenue growth.

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Revenue Hub

JULY 18, 2024

By continuously monitoring competitor rates, savvy revenue managers can dynamically adjust their prices to stay ahead. This nuanced approach ensures that price adjustments are based on comprehensive market analysis rather than reactive pricing.

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Metasphere

AUGUST 11, 2023

AI-powered CRM systems have developed how hotels manage guest interactions, analyze data, and deliver highly personalized services. In this blog, we will present the exciting advancements and benefits of AI in hotels for CRM, shedding light on how this cutting-edge technology is reshaping the landscape of the industry.

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Revenue Hub

SEPTEMBER 6, 2023

OTAs provide travelers with options for comparing prices and deals, making them a crucial channel for attracting bookings. Metasearch Engines – Simplified Comparison Metasearch engines like Google Hotel Ads, Trivago, and TripAdvisor offer users the convenience of comparing prices from various OTAs and booking sites within a single platform.

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NV Hotels

OCTOBER 24, 2023

Our guest blogger today is Corning. In today’s hospitality landscape, every guest has high expectations when booking a stay – exceptional customer service, competitive prices, and, most importantly, reliable high-speed internet.

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Revenue Hub

JUNE 11, 2024

Beyond financial benefits, AI-driven ancillary revenue is a key differentiator in today’s competitive landscape. It will diversify income streams, maximize the profitability of each guest, and contribute to improved guest satisfaction.

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