Revenue Hub

NOVEMBER 28, 2024

NB: This is an article from RoomPriceGenie , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Today, hoteliers recognize that they can generate more revenue by being more targeted in their pricing – by offering different rates to different segments of guests.

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Revenue Hub

NOVEMBER 11, 2024

Room type mapping is the process of aligning different room categories across various systems, such as a hotel’s Property Management System (PMS), Channel Manager , OTAs , Global Distribution Systems (GDS), and market intelligence tools like rate shoppers.

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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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Hotelogix

SEPTEMBER 12, 2024

A Hotel Property Management System (Hotel PMS) is software that helps hotels efficiently organize, schedule, and manage their daily operations. Types of Hotel PMS Here are the different types of hotel PMS (Property Management Systems) explained briefly: 1. What is Hotel PMS? to make key business decisions.

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Revenue Hub

JULY 4, 2023

NB: This is an article from WebRezPro But as inflation and high flight prices persist, the revenge travel surge may start to wane. As the cost of living continues to rise, so will travelers’ price sensitivity. Keep reading for ideas… Value-added packages Attract price-sensitive guests by offering added value.

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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

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. Traditional revenue management systems often result in hoteliers resorting to blanket price changes.

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STAAH

JULY 11, 2023

The “HospiTech” space is awash with solutions that promise they are the new panacea or can provide silver bullets to unwary hoteliers; non more so than “All-in-One Property Management System (PMS)” providing channel management and booking engine capabilities (as well as of course managing reservations).

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Hotelogix

NOVEMBER 13, 2023

Pricing strategies in the hotel industry is one topic that will forever be discussed by hoteliers the world over. That being said, there are some hotel room pricing strategies that have steadily proven to be effective. A combination of different pricing methods can take you a long way in attaining success in the hospitality industry.

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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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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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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

FEBRUARY 13, 2025

Pricing feels like guesswork: Without data-driven insights, setting competitive and profitable room rates can be a daunting task. Look into smart pricing tools: Utilize dynamic pricing tools that analyze market trends and demand patterns to help you set optimal room rates, ensuring competitiveness and profitability.

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Hospitality Net

MAY 30, 2024

Stayntouch, a global leader in cloud hotel property management systems (PMS) and guest-centric technology, unveiled UpsellPRO, an advanced upselling tool designed to expand and maximize revenue opportunities for hotels.

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Hotelogix

DECEMBER 19, 2024

Here's why hotel business intelligence is key: Smarter Choices: Accurate data helps you choose about prices, ads, and other aspects. Revenue Management Figuring out room prices can be tough. Hotel business intelligence helps you set the right price for each room. You need real facts to decide things.

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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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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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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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InnQuest

APRIL 3, 2023

For example, using a property management system (PMS) can automate guest check-in and check-out, invoicing, and room assignment tasks. Integrating a property management system with third-party applications of your choice can also contribute to the hotel’s success.

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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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PhocusWire

APRIL 14, 2023

Airbnb stock dropped recently after a report that many hosts are marking up prices on its website to encourage guests to book direct and save money.

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Hotelogix

MARCH 21, 2025

" AI can help with the reservation process by providing real-time pricing and availability. Choose cloud-based AI tools with flexible pricing models (subscription-based or per-use). However, modern AI platforms seamlessly integrate with Property Management Systems (PMS), CRMs, and booking engines. Let me help!"

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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. Customizable reports enable property managers to analyze specific data points, such as revenue from particular channels or peak booking periods.

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Revenue Hub

FEBRUARY 15, 2023

Attribute-based pricing is becoming an increasingly popular pricing model in the hotel industry. NB: This is an article from BEONx , one of our Expert Partners It enables property managers to establish a range of rates in line with the features and services that a guest is willing to pay for.

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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. We prioritize extending support to hospitality enterprises.

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InnQuest

JANUARY 5, 2023

In conclusion, a cloud-based property management system has multiple advantages over the traditional approach. InnQuest’s mission isn’t just to provide the best hospitality management system but to ensure hospitality businesses are supported whenever they need it. Learn more about us here.

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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 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.

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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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InnQuest

OCTOBER 17, 2023

Integrate a Property Management System (PMS): A PMS, or property management system , allows hotels to manage inventory, reservations and other operations seamlessly. read a comprehensive guide to a hotel channel manager, click here. In a competitive market, dynamic pricing gives hotels an edge.

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STAAH

MARCH 3, 2025

Combined with dynamic pricing, pooled inventory and other smart revenue management features, the direct booking capability with STAAH is best-in-its-class. Both the STAAH booking engine and channel manager integrated to Grand Sunshines property management system (PMS) , making the experience seamless for business users and guests.

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InnQuest

NOVEMBER 30, 2022

Transparent Pricing: Easy-to-read statements, upfront pricing with no hidden fees. We are on a mission to help you cost-effectively manage your property so that you can satisfy your guests and grow your profits. It is designed to be a one-stop solution for all your payment-related needs. Learn more about us here.

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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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MEWS

NOVEMBER 5, 2024

Traditionally, hoteliers relied on manual processes and disconnected systems to manage reservations, pricing, guest services and more. The evolution of hotel technology The hotel industry has seen rapid changes in technology over the past decade.

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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 3, 2023

Real-time Updates: Thereafter, integration with property management system s (PMS) provides real-time updates on room availability and pricing. These insights inform pricing and marketing strategies, optimizing revenue management. These options include credit cards, mobile payments and digital wallets.

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