Remove Hotels Remove Pricing Remove Reservations
article thumbnail

Hotel Pricing Strategies to Boost Revenue in 2023

InnQuest

As we step into 2023, the hospitality industry is still reeling from the effects of the pandemic – which makes implementing hotel pricing strategies more important than ever. With travel restrictions lifted, hotels are gearing up to welcome guests again.

Pricing 220
article thumbnail

Guide on Central Reservation System in the Hotel Industry

Hotelogix

A Central Reservation System (CRS)  helps hotels manage room availability, pricing, and bookings from different channels. These channels include Online Travel Agencies (OTAs) like Booking.com, direct bookings through the hotel’s website, and Global Distribution Systems (GDS).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What is Reservation Software for Small Hotels? How does it work?

Hotelogix

Reservation software for a small hotel is like a helpful assistant that makes booking rooms easier. It lets hotels manage bookings, shows room availability online, and keep track of guest details. It's handy for guests too, letting them book rooms directly on the hotel's website.

article thumbnail

Hotel Pricing & Distribution: Right Prices on the Right Channels

Revenue Hub

Knowing where to list your hotel and the prices to charge can be tricky, especially for busy operators of small, independent properties. Here we explain the essentials of hotel distribution and pricing. Popular platforms include Google Hotels, Tripadvisor, Kayak, and Trivago. OTAs: Too Much of a Good Thing?

Pricing 108
article thumbnail

How To Avoid Overbooking In the Hotel Industry

InnQuest

This is why our guide discusses how to avoid overbooking in hotels. As is known, overbooking can be a delicate issue for hotels, as it causes disgruntled guests who are unable to check into their rooms. Hotel Overbooking: Concerning or Not? Hotel overbookings are concerning but not uncommon in the industry.

article thumbnail

Direct Bookings vs. OTAs: The Impact of Your Hotel Reservation System

InnQuest

In today’s fast-paced hospitality industry, selecting the right reservation system is crucial for the success of your hotel. Understanding the impact of your hotel reservation system on your business is key. Implementing a well-rounded approach can maximize revenue while reducing dependency on any one channel.

article thumbnail

Hotel Dynamic Pricing: Balancing Profitability & Guest Loyalty

Hotelogix

We have witnessed firsthand the evolving landscape of hotel revenue management. In this context, hotel dynamic pricing is one of the most critical elements. What is dynamic pricing in hotels?  Revenue Goals : Determine what you aim to achieve with dynamic pricing (e.g.,

Pricing 130