Revenue Hub

NOVEMBER 19, 2024

Myth 1: A Siloed System Is Business Intelligence In the hotel industry, it’s common to use separate systems for reservations, property management, customer relationship management (CRM), and accounting. By breaking down silos, hotels can make more informed decisions that enhance guest satisfaction and drive revenue growth.

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Revenue Hub

NOVEMBER 29, 2024

Designed to automate essential processes, Autopilot not only refines pricing strategies but also ensures hotels stay ahead of the competition while optimizing revenue streams effortlessly. Richard Valtr, Founder of Mews, said, “In an industry where bookings can happen at any time, making informed decisions in real-time is crucial.

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Hotelogix

JUNE 10, 2024

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?  It enables you to stay competitive by adjusting rates in response to market fluctuations and competitive pricing strategies.

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InnQuest

SEPTEMBER 5, 2023

It involves tracking and controlling inventory in real-time, making informed decisions on pricing, room allocation and availability, and ensuring that the right resources are available at the right time. Effective management ensures that rooms are allocated efficiently and priced competitively.

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Hotelogix

SEPTEMBER 12, 2024

A Hotel Property Management System (Hotel PMS) is software that helps hotels efficiently organize, schedule, and manage their daily operations. Also known as hotel software, it functions as the nerve centre of hotel operations, facilitating a smooth flow of interdepartmental information. What is Hotel PMS?

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Revenue Hub

SEPTEMBER 27, 2024

NB: This is an article from Knowland Subscribe to our weekly newsletter and stay up to date Also known as attribute-based pricing, the shift allows guests to customize their stay by selecting only the necessary services, potentially reducing costs and enhancing their overall experience.

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Revenue Hub

JANUARY 13, 2025

You have three systems open – your Property Management System, the online distribution channel manager, and a complex Excel spreadsheet for forecasting. Meanwhile, your phone buzzes with requests from sales, operations, and corporate leaders, asking for real-time insights and pricing updates.

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STAAH

MAY 22, 2024

By leveraging advanced algorithms and data analytics, these solutions enable hotels to strategically adjust pricing and inventory to maximize revenue. With dynamic pricing capabilities, they ensure rates reflect demand fluctuations, driving higher yields. Cost: Pricing is free to all STAAH Max Channel Manager Subscribers 2.

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InnQuest

OCTOBER 28, 2022

Besides, independent hotel owners and hotel chains are also struggling to stay profitable due to a substantial rise in prices for food and essential commodities, a hike in energy prices and labour shortages. After all, with such a high cost of living, raising prices cannot be the solution to all problems. .

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Hotelogix

NOVEMBER 28, 2024

They offer the convenience of hotel-like services while providing more amenities and space for the price.  Offer photos, information as well as contact details and links to your site on your social media handles. The events that are organized should be fun and should create an informal atmosphere where people can connect.

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InnQuest

MARCH 2, 2023

This includes everything from online booking systems and inventory management to customer relationship management tools. For example, you can use a property management system (PMS) to manage your reservations, guest information, and room assignments.

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InnQuest

OCTOBER 3, 2023

Compliance with industry standards like PCI DSS ensures that sensitive financial information is protected. Real-time Updates: Thereafter, integration with property management system s (PMS) provides real-time updates on room availability and pricing. These options include credit cards, mobile payments and digital wallets.

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Hotelogix

JANUARY 12, 2025

Integrate Your Rates and Inventory : Managing multiple OTA platforms manually can quickly become overwhelming, leading to errors like double bookings or inconsistent pricing. This is where a Channel Manager becomes essential. At this point  Channel Manager becomes invaluable.

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Revenue Hub

NOVEMBER 29, 2024

Here is our round up of 8 Success Stories from our Expert Partners outlining revenue growth, increased ADR, occupancy, booking growth, pricing changes and direct channel success. Challenge Eliminating heavy reliance on manual spreadsheets for revenue management and generating data insights for accurate, data-driven pricing.

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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? Do they have shared price sensitivities?

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Pricing Book Marketing Article 109

STAAH

JULY 23, 2024

In the ever-evolving landscape of the hotel industry, finding the right pricing strategy can significantly impact your business’s success. One approach that has gained traction among savvy hotel owners and managers is dynamic pricing. But what exactly is dynamic pricing?

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Hotelogix

JANUARY 19, 2025

Hoteliers must rise to these expectations while managing complex operations and staying ahead of the competition. A property management system (PMS) is the ultimate solution. Reporting and Analytics Detailed reporting and analytics are vital for understanding hotel performance and making informed decisions.

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Revenue Hub

MARCH 26, 2025

Data 101 for property managers where and how to start? The objective of this blog is to help property managers of all categories and sizes grow their direct booking channels, a job that typically falls on marketing. So, on our quest to build more direct revenue for our business, we need to start with the data.

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SiteMinder

OCTOBER 18, 2023

What is competitor based pricing? Competitor-based pricing or competition-based pricing is a data-driven approach where businesses use advanced analytics to set their prices based on competitors’ rates. But it’s not just about matching or undercutting competitors’ prices.

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InnQuest

APRIL 5, 2023

Anyone who has worked in the hospitality industry for a few years would enthusiastically attest to the importance of yield management in hotels, particularly in hotel revenue management. Before delving into the benefits of yield management in the hotel industry, it is essential to understand what it means.

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InnQuest

OCTOBER 11, 2023

In this blog, we’ll explore the top US-based OTAs of the year, helping you make an informed choice for your next adventure. For travelers seeking informed decisions, Tripadvisor is a highly valuable resource. With Kayak, you have a powerful tool to compare options and make informed choices.

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InnQuest

MARCH 3, 2023

One such tool that has been making massive waves in the industry is cloud property management software (PMS). With this information, hotels can provide a more personalized guest experience. This can lead to more informed decision-making, increased efficiency, and improved guest experiences. Learn more about us here.

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InnQuest

FEBRUARY 1, 2023

With many businesses and individuals struggling financially, hotel managers must be mindful of their pricing and consider offering discounts and deals to attract budget-conscious guests. Hotel managers should also be aware of the latest economic trends and be prepared to adjust their strategies accordingly.

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Hotelogix

JANUARY 19, 2025

" All this information about your hotel helps them picture their trip and eliminates concerns about transportation. By presenting this information clearly and engagingly, you not only answer their questions but also make your property the obvious choice.  Looking to take your SEO efforts further?

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Hotelogix

MARCH 21, 2025

Rather than queuing up at the front desk , they text a virtual assistant and get their room information immediately. They can respond to common questions, including check-in and check-out times , WiFi information, restaurant hours, and so on— without any human intervention. Let me help!"

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STAAH

APRIL 11, 2023

The integration brings two of the hospitality industry’s key service providers closer together and has simplified access to vital pricing intelligence, for joint customers. OTA Insight’s team of international experts supports more than 60,000 properties in 185 countries.

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Hotelogix

JANUARY 19, 2025

Quality Content Creation Develop informative, engaging content that addresses your potential guests’ needs and questions. Provide complete and accurate information about your hotel. Add high-quality photos of your property and amenities. Add alt text to all images, describing their content and including relevant keywords.

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InnQuest

OCTOBER 17, 2023

Advanced forecasting tools and data analytics can help hotels make informed decisions about how many rooms to make available for booking on any given day. Integrate a Property Management System (PMS): A PMS, or property management system , allows hotels to manage inventory, reservations and other operations seamlessly.

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InnQuest

SEPTEMBER 12, 2023

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. Technology Integration: Keeping up with rapidly evolving technology is another challenge in hotel operations management.

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Hotelogix

APRIL 11, 2025

Example: A traveler planning a weekend getaway should factor in hotel taxes when comparing prices for accommodations. The Tax Management feature in Hotelogix helps hotel owners and managers efficiently handle various types of taxes while ensuring compliance with local regulations.

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InnQuest

JANUARY 23, 2023

To improve guest experience, hotels can focus on providing personalized service, a clean and comfortable environment, and easy access to information and amenities. To mark your glory in the market, you should reward both guests by giving lower prices to those directly approaching you. Learn more about us here.

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STAAH

APRIL 8, 2025

Data-led decisions One of the greatest boons of modern hospitality is having the power of data to inform business decisions. Whether it is guest segmentation, market performance or channel performance, a channel manager can bring together analytics from multiple sources and unlocks deep insights.

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InnQuest

OCTOBER 31, 2022

Unified Property Management System. A unifi ed property management 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. Digital Guestbooks. Wrapping Up.

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Hotelogix

JULY 5, 2024

It helps small hotels by managing their rooms, setting prices, and deciding rules like minimum stay.    Property management systems like Hotelogix helps guests to book rooms directly on the hotel's website. One dashboard makes it easy to set prices based on demand and available rooms.

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Hotelogix

OCTOBER 24, 2024

A Central Reservation System (CRS)  helps hotels manage room availability, pricing, and bookings from different channels. A CRS hotel system makes sure that all room inventory and pricing are updated in real time.  Guest Satisfaction : A CRS ensures that room availability and pricing are always accurate and up to date.

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InnQuest

OCTOBER 5, 2022

These platforms offer multiple benefits for the price paid, including marketing and exposure to global markets. Most of the time, a customer won’t indulge in direct hotel bookings via the website because hotels offer the same rooms at lower prices through OTAs. This phenomenon is popularly known as the billboard effect.

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Hotelogix

OCTOBER 30, 2024

Hotels can capture potential guests by providing engaging, informative content that resonates with what travelers are looking for. Your hotel’s website should be user-friendly and include easy navigation, high-quality visuals, and concise information about rooms, amenities, and local attractions.

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