Revenue Hub

SEPTEMBER 5, 2023

This system enables hoteliers to keep track of available rooms, reservations, and occupancy rates in real-time. By having accurate and up-to-date information, hotels can avoid overbooking, allocate rooms more effectively, and provide guests with a seamless check-in experience.

Pricing 97

Pricing Reservations Training Article 97

InnQuest

SEPTEMBER 13, 2022

In addition, chatbots can be useful for marketing purposes because of the huge amount of data they collect, and they allow hotels to promote special events and promotions directly to customers. This information can help housekeeping staff plan their time more effectively and ensure that all rooms are clean and ready for guests.

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Housekeeping Book Information Guest Satisfaction 130

7 Shifts

OCTOBER 22, 2024

With 90% of diners checking a restaurant online before visiting, you also need a strong online presence to attract and boost reservations. Use it to share updates, special events, or new menu items. For example, you can promote your seasonal dishes or happy hour specials. It's an active marketing tool.

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Book Marketing Reservations Blog 78

Hotelogix

JANUARY 31, 2024

It includes browsing for options, reading reviews, and making reservations. It's crucial to make this process as seamless and informative as possible. This can be achieved through personalized services, special events, or distinctive features of your property. Arrival: The first impressions are made here.

Guest Services 130

Guest Services Customer Service Book Demo 130

Revenue Hub

JULY 10, 2023

NB: This is an article from Mews It informs marketing strategy, helps tailor offers and reveals growth opportunities while optimizing revenue management strategy and profitability. You can also use this information to better forecast and adjust rates and budgets according to various target profiles.

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Marketing Special Events Book Article 82

SiteMinder

JUNE 12, 2024

Over time, these roles matured and transformed, giving birth to the modern-day revenue or reservations managers. To help explain this further, please watch this video explaining yield management’s evolution to revenue management: There’s also a distinct difference between reservations management and revenue management.

Pricing 98

Pricing Book Reservations Events 98

Revenue Hub

APRIL 11, 2023

Still, it is one of the most critical decisions hoteliers can make to improve profitability and boost reservations. Even siloed systems need more information because the information is fragmented without any relation to the big picture. As a result, valuable information about the demand for specific days is lost.

Book 76

Book Information Reservations Catering 76

Revenue Hub

MAY 17, 2024

Profile-driven marketing campaigns informed by rich data collected across the guest journey allow properties to creatively customize activities, amenities, and services at the guest’s fingertips and make it easy for them to play an active role in personalizing their visit.

Marketing 92

Marketing Travel and Tourism Book Communication 92

Hotelogix

NOVEMBER 28, 2024

Now that you have a comprehensive measurement framework in place, you can make informed decisions about your hotel's strategic direction and resource allocation. This analytical approach helps optimize resource allocation and maximize returns from your segmentation efforts.

Marketing 100

Marketing Guest Satisfaction Book Budgeting 100

7 Shifts

JULY 25, 2024

Offering additional services, like delivery and takeout, meal kits and subscription boxes, and even catering and hosting special events can unlock new growth opportunities. If you have a big area, you can host weddings, corporate events, birthday parties, and other celebrations, allowing you to maximize the profitability of your space.

Special Events 97

Special Events Catering Events Workshop 97

Revenue Hub

JUNE 27, 2023

Profile-driven marketing campaigns informed by rich data collected across the guest journey allow properties to creatively customize activities, amenities, and services at the guest’s fingertips and make it easy for them to play an active role in personalizing their visit.

Marketing 89

Marketing Book Travel and Tourism Communication 89

Revenue Hub

OCTOBER 28, 2022

Instead of solely looking at the occupancy (OCC) and average daily rate (ADR) for one room, now properties are looking more closely at the guest (or guests) that reserve these rooms, what they are interested in, and how to capitalize on those interests and capture more of their spend. Subscribe to our weekly newsletter and stay up to date.

Special Events 76

Special Events Book Information Reservations 76

Revenue Hub

AUGUST 22, 2023

Subscribe to our weekly newsletter and stay up to date Instead of solely looking at the occupancy (OCC) and average daily rate (ADR) for one room, now properties are looking more closely at the guest (or guests) that reserve these rooms, what they are interested in, and how to capitalize on those interests and capture more of their spend.

Special Events 71

Special Events Book Information Reservations 71

Les Roches

DECEMBER 30, 2023

This involves several key aspects: Check-in and check-out : smooth and efficient check-in and check-out processes are crucial to making guests feel valued and at ease Concierge services: hotels frequently offer concierge services to help guests with reservations, travel arrangements and local recommendations Room amenities and housekeeping : these (..)

Guest Services 95

Guest Services Concierge Definition Customer Service 95

SiteMinder

OCTOBER 5, 2023

Comprehensive tools : From managing reservations to enhancing the guest experience, Expedia Partner Central provides a range of tools tailored to the needs of hoteliers. This will involve providing detailed information about your hotel, so come prepared with a full profile. A particularly useful feature is the rate management tool.

Competitive Analysis 59

Competitive Analysis Book Information Property Management 59

The Restaurant Times

JANUARY 18, 2023

taking table reservations, . In addition, it integrates seamlessly with your current restaurant information system (such as your budgeting and employee management solutions). A POS system that is integrated allows you to: Enhance Guest Experience: Customer information is gathered at the point of sale using CRM software.

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POS Systems Information Bookkeeping Scheduling 52

Revenue Hub

JULY 11, 2023

These provide instant insights into your competitors’ pricing strategies, enabling you to make quick, informed decisions to stay ahead. This could involve dynamic pricing, special promotional offers, or targeted marketing campaigns. This allows for more informed decision-making, helping to identify opportunities and threats early on.

Pricing 64

Pricing Book Article Events 64

Synergy Suite

APRIL 11, 2023

Promoting special events, discounts, or new menu items through your website helps generate buzz and attract customers and retain loyal ones. Improved Customer Convenience A website offers convenience to your customers by providing essential information about your restaurant.

POS Systems 52

POS Systems Reservations Information Definition 52

Les Roches

DECEMBER 27, 2023

Some common responsibilities of guest services include: Greeting and welcoming guests Resolving guest queries, concerns and complaints Providing information about the business’s offerings, services and amenities Offering personalized assistance and recommendations by anticipating guests’ needs and preferences Managing reservations and bookings (..)

Guest Services 52

Guest Services Definition Customer Service Concierge 52

SiteMinder

OCTOBER 10, 2023

The result gives hotel managers an idea of how many rooms they can still sell, allowing them to make informed decisions about pricing, promotions, and distribution. The importance of forecasting in the hotel industry You need to use forecasting at your hotel to inform your pricing and revenue strategies. Special events & holidays.

Book 52

Book Pricing Reservations Accounting 52

Modern Restaurant Management

AUGUST 2, 2024

Another 25 percent said they were investing in special events and one-off promotions, and 24 percent said they were prioritizing takeout and delivery operations. Diversify media mix: An omnichannel presence provides optimal reach and the widest range of information sources. The financial implications are massive.

Pricing 100

Pricing Training Marketing Book 100

SiteMinder

JULY 13, 2024

This then allows you to make informed decisions on what accommodation to promote to the right client, at the right time, with appropriate pricing through the most suitable distribution channel. Spend per room Reservations Market trends Revenue management strategy 4.

Pricing 98

Pricing Book Budgeting Marketing 98

Revenue Hub

OCTOBER 23, 2023

Travel is highly competitive, guests are very well informed, and they have a great grasp of shopping tools. An example of volatility is when a large event is canceled or postponed – everything becomes hyper reactive. Understanding reservation data is imperative to make actionable pricing decisions.

Pricing 82

Pricing Book Reservations Property Management 82

Revenue Hub

OCTOBER 17, 2023

These data can include traffic counts, special events, airport access etc. Additionally, managers need a knowledge of their reservation information to manage pricing. This was a long time ago before campground networks typically offered reservations. These are all factors to be considered.

Pricing 96

Pricing Marketing Training Book 96

7 Shifts

NOVEMBER 9, 2022

Get holiday reservations? Keep in mind that you should always offer something valuable in exchange for the information. Special events such as birthdays and anniversaries also show how much you care about them. In this case, “Reserve your table” or “Grab your menu” could work. Event reservations.

Reservations 78

Reservations Blog Marketing Events 78

SiteMinder

OCTOBER 8, 2024

Fill out the webform, providing some basic information about your property, such as the rooms you’d like to offer through the platform and your cancellation policies (remembering there’s also a Hotelbeds cancellation policy). Here are five ways to enhance your use of the tool: 1.

Book 52

Book Property Management Blog Reservations 52

SiteMinder

NOVEMBER 30, 2023

If a guest took out their phone and searched for a nearby hotel, they’d expect the offered information to be tailored based on their location, time of day, and even past interests and bookings. Other data sources show 57% of US travellers think brands should tailor their information based on personal preferences or past behaviours.

Guest Satisfaction 52

Guest Satisfaction Book Property Management Pricing 52

SiteMinder

AUGUST 1, 2024

Better revenue management With up-to-date market information and greater visibility, you can improve overall revenue management. Increase occupancy and profit by tapping into known supply and demand trends – know when guests are willing to pay more to secure a room or when you need to add additional value to entice a reservation.

Pricing 52

Pricing Book Blog Marketing 52

Lithos POS

FEBRUARY 10, 2023

Before you add the mail ID to the email list, make sure you seek the permission of your guest and explain how they are going to be informed about the special offers and discounts through emails. Try to make it as helpful and informative as possible, and your customers will appreciate it. Use catchy designs and images.

Marketing 40

Marketing Information Blog Reservations 40

Synergy Suite

DECEMBER 7, 2023

Data-Driven Decisions Tracking average cover provides you with valuable data to make informed decisions. Ultimately, monitoring and managing revenue per seat is integral to making informed business decisions, refining operational strategies, and sustaining financial success in the competitive restaurant industry.

POS Systems 52

POS Systems Pricing Training Reservations 52

SiteMinder

OCTOBER 15, 2023

Dynamic rates, on the other hand, take all that information into account to give hoteliers the information they need to maximise revenue at all times. A static rate would be unaffected by external factors such as fluctuations in traveller demand or changes in competitor behaviour.

Pricing 59

Pricing Definition Book Marketing 59

Synergy Suite

OCTOBER 5, 2023

Once you have that information, we’ll share what to look for in revenue data, common trends, and the importance of comparative analysis. Understanding your revenue data is essential for making informed decisions.

Catering 52

Catering Information Events Labor Cost Controls 52

eZee Absolute

MAY 7, 2024

Dynamic Packaging: Revenue management tools allow you to create dynamic packages that bundle your rooms with add-on experiences like airport transfers, spa treatments, or dinner reservations. Guest Recognition and Loyalty Programs : Remember a guest’s name, their preferred room type, or any special requests they made on a previous stay.

Pricing 52

Pricing Book Marketing Events 52

SiteMinder

DECEMBER 7, 2023

Utilising data analytics, you can make informed decisions that align with your hotel’s strategic goals. These restrictions help in managing room availability more effectively, especially during peak periods or special events. This analysis helps in understanding the best times to adjust rates, either upwards or downwards.

Pricing 59

Pricing Book Marketing Events 59

Les Roches

AUGUST 26, 2024

Travel agents can expect to earn around $59,565 per year, with the potential for higher earnings based on experience and specialization. Event coordinator Planners and managers who stage activities that boost the guest experience, ranging from conferences to weddings.

Travel and Tourism 52

Travel and Tourism Event Coordination Customer Service Communication 52

Revenue Hub

JUNE 13, 2023

You want to apply rates to your rooms at least a year in advance, as this will allow you to build your base of online visits, reservations, occupancy rate and develop your pricing dynamism at the proper time. The historical data will give you the information you need to decide a starting price for your room rate.

Pricing 52

Pricing Book Events Article 52

7 Shifts

JUNE 16, 2024

Have a function room to cater to special events and occasions A great restaurant experience goes beyond serving good quality food—you should sell them memories and unique experiences, too. You can also offer a custom menu for these special occasions, like party-sized pizzas, party platters, and drink towers.

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Marketing Catering Events Reservations 78