Hotelogix

JULY 11, 2024

From setting the right prices to attracting the right guests, every decision you make impacts your hotel's bottom line. In this blog, we will delve into different aspects of hotel revenue management and explore top tips and tricks to help you optimize your hotel’s revenue potential.

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Pricing Download Book Budgeting 130

Hotelogix

OCTOBER 24, 2024

Understanding different hospitality technology solutions and their roles – Hotel PMS You can call it a Hotel PMS, hotel property management system , hotel property management software, hotel management system, hotel management software, or hotel software.

Book 130

Book Server Reservations Property Management 130

SiteMinder

OCTOBER 1, 2024

Dynamic pricing adjustments : Automation can analyse real-time data on occupancy, market demand, and competitor rates, allowing your hotel to adjust pricing dynamically. This ensures that your property remains competitive, optimising revenue without manual intervention. Watch demo What are the benefits of hotel automation?

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Front Desk Operations Housekeeping Maintenance Scheduling 52

Serviced Apartments

NOVEMBER 10, 2023

UK: Luxury property advisory and management firm Rhodium has launched a white-label property management service for the branded residence sector. The company currently manages a £12 billion portfolio including branded residence schemes in London, Dubai and Athens.

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Property Management Concierge Maintenance Pricing 59

InnQuest

SEPTEMBER 28, 2022

Key Pillars of a Guest-centric Cloud Property Management System. When it comes to producing a top-notch guest experience, your hotel management system is your best asset. Functionalities: Property management software that is difficult to use only results in lost customers and increased support costs. To Wrap It Up.

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Property Management Catering Accounting Housekeeping 130

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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Book Pricing Maintenance Marketing 130

Hotel Owner

OCTOBER 3, 2023

The 201-bedroom Voco St John’s Solihull hotel is up for sale at a price of £25m. This freehold property, recently refurbished and rebranded, offers extensive amenities such as a health club with a gym, pool, and spa facilities. OYO aims to ensure optimal property management, helping hotel owners maximise their real estate investments.

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Housekeeping Maintenance Property Management Pricing 98

SiteMinder

OCTOBER 7, 2024

The best hotel tech stacks feature seamless integrations between various software solutions like your property management system ( PMS ), booking system , payment processor , channel manager and customer relationship management ( CRM ) system. There are a number of dedicated tech solutions for multi-property management.

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Property Management Maintenance Book Training 52

STAAH

JUNE 4, 2024

It serves as a virtual storefront, enabling visitors to browse available accommodations, check prices, and complete bookings without third-party involvement. A hotel booking engine is a software application integrated into a hotel’s website, allowing guests to reserve rooms directly.

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Book Guest Satisfaction Reservations Communication 92

Revenue Hub

SEPTEMBER 1, 2023

Prices and Hidden Fees No one likes to encounter hidden fees. That’s why price transparency is fundamental to guest satisfaction. Communicate tourist taxes, added services, amenity pricing and any other sales tax. Or perhaps there’s a maintenance issue in the room, such as a leaky faucet.

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Guest Satisfaction Housekeeping Maintenance Pricing 104

Revenue Hub

JUNE 1, 2023

In today’s digital age, effective hotel distribution and pricing strategies are crucial for maximizing revenue and staying competitive. A Hotel Channel Manager is an essential tool that not only helps manage multiple channels but also provides valuable data for informed distribution decisions.

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Book Reservations Article Pricing 82

Hotelogix

FEBRUARY 13, 2024

This exploration delves into the intricate operational requirements of large hotels, the pitfalls of wrong management practices - either manually or via outdated on-premises solutions, and how a cloud-based hotel management software or a hotel property management system (Hotel PMS) acts as a savior, ensuring a seamless performance across the board.

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Housekeeping Regulatory Compliance Guest Satisfaction Maintenance 147

SiteMinder

JULY 10, 2024

This includes automating routine tasks, personalising guest experiences, adjusting pricing strategies, and making your overall operations more efficient. Manage big data: AI tools can help analyse large volumes of data and simplify it enough to make strategic choices about guest characteristics and behaviour.

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Guest Satisfaction Pricing Communication Concierge 91

Hotelogix

FEBRUARY 1, 2024

High-end hotel management software or hotel property management systems (Hotel PSM) have a hefty price tag. Cost-effectiveness: Cloud solutions are typically more affordable, with pricing structures designed to accommodate the budget constraints of smaller properties.   The challenges are multifold.

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Guest Satisfaction Training Budgeting Demo 130

Revenue Hub

JULY 19, 2023

Along with other hospitality metrics like RevPAR , the occupancy rate is an important KPI that allows better and more accurate revenue management aimed at maximizing income. Hotel owners and property managers can adjust their revenue strategies based on the occupancy changes that took place or are predicted and expected.

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Maintenance Article Pricing Scheduling 80

STAAH

MAY 30, 2023

In today’s digital age, effective hotel distribution and pricing strategies are crucial for maximizing revenue and staying competitive. A Hotel Channel Manager is an essential tool that not only helps manage multiple channels but also provides valuable data for informed distribution decisions.

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Book Reservations Article Download 85

Hotelogix

OCTOBER 18, 2023

Integration Capabilities: Many POS systems can be integrated with other hotel management systems, such as Property Management Systems (PMS) and Customer Relationship Management (CRM) platforms. Better Revenue Management: Accurate sales and revenue tracking through a POS system assists in effective revenue management.

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POS Systems Guest Satisfaction Training Front of House 130

Les Roches

DECEMBER 26, 2022

As well as being great with people, a skilled negotiator, and an excellent organizer, to become a real estate manager you’ll also need to: Study real estate or business. Pass a property management license exam, depending on the requirements where you live. Just some examples include: Senior property manager or department head.

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Property Management Communication Maintenance Presentation 52

SiteMinder

OCTOBER 11, 2022

Other than the front of house managers and night managers, a hotel’s management staff go largely unseen by guests. From hiring all staff to scheduling maintenance to creating new revenue management strategies , the hotel management team is extremely busy. Reporting issues to the maintenance team.

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Front of House Maintenance Housekeeping Back of House 59

Revenue Hub

OCTOBER 6, 2023

Subscribe to our weekly newsletter and stay up to date Why CAC Matters Your CAC affects your profits as well as your pricing and marketing strategies. You can use your property management system to generate monthly booking reports that show room revenue generated by channel and segment (e.g., Keep reading to find out.

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Book Article Maintenance Marketing 101

STAAH

MARCH 14, 2023

3) Outsource tasks: Consider outsourcing tasks like cleaning, maintenance , and guest communications to third-party providers. 4) Use automation tools: Take advantage of automation tools like automated messaging and pricing tools to help you manage your listings more efficiently.

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Communication Book Property Management Maintenance 76

SiteMinder

OCTOBER 11, 2022

Technology in the hotel industry continues to advance at a rapid pace and hotel property management software (PMS) remains essential for hoteliers looking to improve how they run their business. The key to reaping the benefits of an effective hotel management software system is to select the right one for your property.

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Housekeeping Property Management Book Reservations 52

Hotel Business

SEPTEMBER 28, 2023

In the near future, the Homes & Hideaways by World of Hyatt platform is expected to feature key existing DRM properties in top U.S. While every property will be unique, each is professionally managed by thoroughly vetted property management companies to enjoy a quality experience.

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Resort Management Procurement Concierge Housekeeping 99

Hotel Owner

NOVEMBER 1, 2024

To counter this, his team increases overbooking allowances further out, adapting to the fickle nature of contemporary booking patterns and the growing trend of guests using tools to rebook rooms if prices drop. Another challenge lies in identifying a hotel’s true competition. “If

Event Coordination 52

Event Coordination Book Events Reservations 52

SiteMinder

AUGUST 1, 2024

Assess their pricing, services, marketing strategies, and customer reviews. Pricing strategy: How you will set competitive room rates and consider implementing revenue management strategies to maximise occupancy and revenue. Revenue and pricing Now we’re onto the good bit!

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Travel and Tourism Competitive Analysis Pricing Budgeting 52

Xotels

APRIL 3, 2024

Why is Revenue Management Important to Hotels & Other Industries? What Makes Hotels Suitable to Apply Revenue Management? What Does the Process of Revenue Management Look Like? Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively?

Pricing 52

Pricing Book Budgeting Marketing 52

Les Roches

SEPTEMBER 23, 2024

Typically, this fee covers a range of services, including overseeing day-to-day operations, staffing, marketing and maintenance. Incentive fees Many hotel management companies earn incentive fees, which are based on achieving specific financial milestones or performance targets such as profitability or high occupancy rates.

Budgeting 52

Budgeting Training Guest Satisfaction Housekeeping 52

SiteMinder

OCTOBER 10, 2023

Hoteliers today need to focus on creating a dynamic pricing strategy that allows prices to ebb and flow with the changing seasons and fluctuating demands. If one room books at your property on a specific date, your availability needs to be broadcast across your entire distribution network via the channel manager.

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Book Pricing Reservations Property Management 52

Metasphere

APRIL 27, 2022

Typically, it comes with two components: a back-end system for managing advanced functionalities and a front-end application for employees on-the-go. It can come as a module within your Property Management System (PMS), or be bought as standalone software. What Is the Pricing Module for Housekeeping Systems?

Housekeeping 52

Housekeeping Maintenance Download Scheduling 52

Les Roches

AUGUST 12, 2022

Part of your role can include managing a group of departmental managers and overseeing budgets, sales targets, recruitment, customer complaints, building maintenance, housekeeping, and all licensing and health and safety regulations. Revenue management. Property management.

Communication 52

Communication Housekeeping Customer Service Training 52

SiteMinder

AUGUST 29, 2023

Hotel operating costs Hotel operating costs encompass a wide array of expenses, from staff salaries, utility bills, and maintenance to marketing, guest amenities, and food & beverage supplies. Maintenance and Repairs Hotels must be in top condition to ensure guest satisfaction.

Housekeeping 52

Housekeeping Book Guest Satisfaction Maintenance 52

SiteMinder

JANUARY 8, 2024

Reservations management: As soon as a room is sold, the job of managing that reservation begins. Front desk management: The human face of your business, front desk management is critical in curating the reputation of your hotel. Some of the most important hotel management information you need to track includes: 1.

Travel and Tourism 59

Travel and Tourism Book Customer Service Housekeeping 59

SiteMinder

JANUARY 8, 2024

Reservations management: As soon as a room is sold, the job of managing that reservation begins. Front desk management: The human face of your business, front desk management is critical in curating the reputation of your hotel. Some of the most important hotel management information you need to track includes: 1.

Travel and Tourism 52

Travel and Tourism Book Customer Service Housekeeping 52

Les Roches

APRIL 13, 2023

Diversification of investment portfolio Resorts, boutique hotels, budget hotels, hostels, extended stay hotels, inns, and suites: the types of hotels available to customers range from high-priced to budget and low-cost. Maintenance and upkeep costs in hotel investment When you invest in a hotel, maintenance and upkeep costs will fall on you.

Travel and Tourism 52

Travel and Tourism Maintenance Budgeting Marketing 52

SiteMinder

JUNE 18, 2023

Technical maintenance and security. As a hotelier, plugins can also provide functionality such as: online booking systems, property management integrations, and/or reservation management tools. As with any software, maintaining and securing your WordPress website is essential.

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Blog Book Accounting Information 69

Boutique Hotel News

MARCH 6, 2023

She has led projects ranging from renovation of student rooms and amenity spaces to managing large deferred maintenance projects. She has also project managed the construction of modular buildings from inception through to completion.

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Travel and Tourism Marketing Catering Business Development 254

Les Roches

SEPTEMBER 19, 2024

For example, when customers are confident in the high standard of hotel services, they are more willing to pay premium prices. Property management systems Advanced technology can streamline operations by automating check-ins, reservations, billing and housekeeping tasks. There are numerous benefits to this approach.

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Guest Satisfaction Training Travel and Tourism Workshop 52