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.

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Book Demo Guest Satisfaction Reservations 130

Hotelogix

APRIL 22, 2024

Harnessing hotel data is essential for navigating the modern hospitality landscape, enhancing operational efficiency, and tailoring marketing efforts to meet guest preferences better. You can unlock a wealth of untapped revenue by analyzing data to forecast demand and adjust pricing accordingly. What is Hotel Data?

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Guest Satisfaction Book Pricing Reservations 130

Revenue Hub

AUGUST 30, 2024

From the perspective of our digital marketing agency, which specializes in boosting direct bookings for luxury hotels and resorts, understanding the symbiotic relationship between revenue management and metasearch is the key to unlocking success in today’s competitive landscape.

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Book Pricing Article Reservations 88

Hotelogix

JUNE 28, 2024

The Hotel cancellation policy allows guests to cancel reservations up to a specified time before check-in. When they are aware of the terms and consequences of cancellation, they are likely to commit fully to their reservations. Less administrative burdens:   Clarity minimizes disputes and administrative workload. 

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Reservations Book Demo Accounting 130

Revenue Hub

SEPTEMBER 5, 2023

This system enables hoteliers to keep track of available rooms, reservations, and occupancy rates in real-time. This allows them to adjust pricing strategies, allocate rooms accordingly, and maximize revenue during peak seasons while avoiding vacancies during off-peak periods.

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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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Book Guest Satisfaction Reservations Communication 91

InnQuest

AUGUST 15, 2023

At a glance: – Understanding the Hotel Channel Management Landscape – What Is A Hotel Channel Manager? Each OTA has its own system, interface and requirements for updating room availability, rates and reservations. To learn about hotel pricing strategies to boost revenue in 2023, read this.

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Reservations Book Property Management Pricing 130

eZee Absolute

OCTOBER 24, 2024

In the rapidly evolving hospitality industry landscape, staying ahead of the curve requires more than just excellent service—it demands a forward-thinking approach to distribution. Think about it – when you’re searching for a hotel, you’re probably scrolling multiple websites, comparing prices, and reading reviews.

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Pricing Book Reservations Download 52

Revenue Hub

MARCH 22, 2024

The job was transactional as long as inventory and pricing were synchronized periodically. However, channel management has become vital for a hotel’s commercial success, with increasing reliance on OTAs driving a majority share of room night reservations and the emergence of metasearch players. This allows optimal decision-making.

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Reservations Book Pricing Article 80

InnQuest

OCTOBER 3, 2023

This blog explores how integrated solutions play a pivotal role in simplifying hotel payment processes and why they are crucial in today’s competitive landscape. Real-time Updates: Thereafter, integration with property management system s (PMS) provides real-time updates on room availability and pricing.

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Guest Satisfaction Information Property Management Blog 221

Revenue Hub

FEBRUARY 1, 2024

You know, that magical timeframe we’ve all been told is the sweet spot for securing reservations. This ‘perfect’ window has dictated pricing strategies, inventory management, and even marketing campaigns. They’re driven by necessity or desire, making them less price-sensitive. Well, it’s time to shatter that myth.

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Book Reservations Pricing Article 90

Hospitality Magazine

MAY 20, 2024

Hospitality has rounded up some of the top players in the tech landscape that are offering useful services that are sure to boost efficiency in the workplace. From ordering, rostering, and reservations apps to payments and venue operations, Doshii has apps to suit every aspect of your business’ needs.

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Revenue Hub

AUGUST 29, 2024

Managing marketing budgets effectively is crucial for any hotelier aiming to achieve sustainable growth in an increasingly competitive landscape. Understanding Seasonality in the Hospitality Industry Seasonality plays a pivotal role in the hotel industry, directly influencing demand, pricing, and overall profitability.

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Budgeting Marketing Book Pricing 94

Modern Restaurant Management

SEPTEMBER 27, 2024

Fast-Casual Fast Growth Rising prices in recent years have evidently been good for someone: Fast-casual restaurants. titled Pricing Strategies Driving Restaurant Visits in 2024. Shake Shack is thriving even as it raises prices. The fast-casual burger chain increased prices by 2.5 percent year-over-year, compared to 0.4

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SiteMinder

FEBRUARY 13, 2023

days, while Mexican reservations were the longest year round, followed by those made to Portuguese, Thai and Spanish properties. Despite the average daily rate (ADR) of a hotel room rising 24% year-on-year to US$177, booking momentum remained robust, with reservation volumes rising to 104% of 2019’s levels globally by December 31.

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STAAH

OCTOBER 15, 2024

Property Management System (PMS) A Property Management System (PMS) is the heart of hotel operations, handling everything from reservations and check-ins to billing and room assignments. By making informed pricing decisions, hoteliers can maximize revenue during both high and low seasons. 7 Must-Have Software for Hotels 1.

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POS Systems Book Pricing Catering 82

SiteMinder

APRIL 25, 2024

With every passing year, revenue management is playing a more central role at hotels as they navigate a landscape now locked in a permanent state of change. A revenue manager who thinks they are indispensable because they can change pricing daily is a revenue manager living in the past.

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STAAH

AUGUST 6, 2024

The Global Distribution System (GDS) is a network that facilitates automated reservations between travel service providers, such as hotels, airlines, car rental companies, and travel agents. This data includes detailed information about room types, pricing, amenities, and more. What is Global Distribution Systems (GDS)?

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Reservations Book Pricing Information 90

SiteMinder

JUNE 12, 2024

Yield management is a pricing and revenue management strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. The main goal is to sell the right product to the right customer at the right time for the right price.

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Pricing Book Reservations Events 98

STAAH

SEPTEMBER 5, 2023

In the fast-evolving landscape of the hospitality industry, cloud-based software solutions have become indispensable for staying competitive. An integrated booking engine within the website streamlines the reservation process, enabling seamless transactions and driving direct bookings.

Book 90

Book Guest Satisfaction Reservations Pricing 90

Modern Restaurant Management

AUGUST 28, 2024

In today’s landscape, every customer is a potential critic with the power to significantly impact your brand's reputation, positively or negatively. Lastly, with the rise of inflation, consumers want their dollar to stretch even further and are continually looking for value beyond just low prices.

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SiteMinder

JULY 13, 2024

Hotel revenue management is the strategic distribution and pricing tactics used to sell perishable room inventory to the right guests at the right time in order to boost revenue growth. Optimal strategies and techniques are dynamic, based on the understanding that hotel pricing is fluid and can change from one day to the next.

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Pricing Book Budgeting Marketing 98

Hotelogix

OCTOBER 17, 2024

By keeping an eye on these indicators, you can pinpoint strengths and address weaknesses, ensuring your hotel thrives in a competitive landscape.  These metrics can inform pricing strategies and marketing efforts, ensuring you’re maximizing your revenue potential.    Why is Tracking Hotel Business KPIs Essential?

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Guest Satisfaction Book Information Property Management 130

Revenue Hub

AUGUST 2, 2024

From searching to booking, guests are influenced by an average of 38 websites before making a reservation. OTAs can drive booking volume, albeit at a high cost of acquisition (which can range from 15 – 30% commission), or hotels can maximise revenue by working with select niche partners to drive quality reservations.

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Book Reservations Pricing Article 90

InnQuest

JULY 29, 2022

The transformation brought about by the digital era has modernized and refined the hotel industry landscape and factors contributing to its growth to a large extent. Direct channels include a hotel’s website, walk-ins, reservations made via telephone, etc. Adopt A Dynamic Pricing Approach. for their clients in real-time.

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Reservations Book Pricing Information 130

STAAH

MAY 30, 2023

In today’s digital age, effective hotel distribution and pricing strategies are crucial for maximizing revenue and staying competitive. With the rise of online travel sales and the influence of e-commerce and review sites, accommodation providers must adapt to the evolving distribution landscape.

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Book Reservations Article Download 84

MEWS

JANUARY 16, 2023

It is about lower-priced shared accommodations with a large dorm room containing bunk beds and shared bathroom facilities. Hostels are able to keep prices down by offering basic services and amenities. Similarly, the best thing about hostels is that you can usually find a bed (oftentimes hostels even reserve some beds for walk-ins).

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Budgeting Reservations Book Housekeeping 130

Revenue Hub

MARCH 20, 2024

Seamless Booking Process Make booking a breeze with a seamless reservation system that transforms dreams into reality with the click of a button. Implement an easy-to-use reservation system that allows guests to check availability, view room options, and complete bookings with minimal effort.

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Book Guest Satisfaction Reservations Article 95

Revenue Hub

SEPTEMBER 28, 2023

We decided to shed some light on the profound impact of Revenue Management Systems (RMS) in the evolving landscape of the hotel industry. Often referred to as RMS, it’s a technology solution tailored for hoteliers, allowing them to dynamically adjust room prices.

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Pricing Article Marketing Book 99

Hotel Business

MARCH 14, 2024

We believe this new solution will enable our clients to thrive in a competitive market landscape.” AI algorithms can also optimize pricing strategies dynamically based on factors such as demand fluctuations, competitor pricing and historical data analysis, ensuring hotels maximize profitability while remaining competitive in the market.

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Concierge Housekeeping Book Pricing 59

Revenue Hub

JUNE 1, 2023

In today’s digital age, effective hotel distribution and pricing strategies are crucial for maximizing revenue and staying competitive. NB: This is an article from Staah With the rise of online travel sales and the influence of e-commerce and review sites, accommodation providers must adapt to the evolving distribution landscape.

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Book Reservations Article Pricing 82

STAAH

OCTOBER 15, 2024

Property Management System (PMS) A Property Management System (PMS) is the heart of hotel operations, handling everything from reservations and check-ins to billing and room assignments. By making informed pricing decisions, hoteliers can maximize revenue during both high and low seasons. 7 Must-Have Important Software for Hotels 1.

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POS Systems Book Pricing Catering 52

Revenue Hub

SEPTEMBER 6, 2023

An integrated booking engine within the website streamlines the reservation process, enabling seamless transactions and driving direct bookings. This tool enhances the booking experience, making it easy for visitors to finalize their reservations directly on your website. Having a mobile-friendly website is a must in today’s time.

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Book Guest Satisfaction Reservations Article 95

Revenue Hub

FEBRUARY 14, 2024

In the bustling urban landscape, city hotels are in a constant race to maintain high occupancy rates. RMS utilizes real-time data to forecast demand, enabling you to adjust pricing dynamically. Implement Dynamic Pricing Dynamic pricing is key in responding to market demand fluctuations.

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Article Pricing Book Guest Services 97

Hotelogix

AUGUST 27, 2024

Increase Bookings and Revenue: Being on more than one platform let’s hotels adjust prices and fill more rooms. Metasearch Engines- Metasearch engines compare prices and availability from various booking sites, helping travelers find the best deals. Integrating with a GDS can open up new markets and bring in more bookings.

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Hospitality Magazine

FEBRUARY 21, 2024

But it’s also essential to think about the landscape and how it’s evolving. Your website should also contain click-through tiles to social media accounts, contact information, a feedback form, a reservations section with a bookings policy, and opening hours. Has the drinks menu been updated?

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SiteMinder

APRIL 28, 2024

Conversely, at 21 days, the average lead time on those bookings was 62% lower than the global average, reflecting the low price sensitivity among Chinese travellers and their greater propensity to take trips at shorter notice.

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