Hotelogix

JULY 5, 2024

Reservation software for a small hotel is like a helpful assistant that makes booking rooms easier. What is hotel reservation software for small hotels? Hotel reservation software for small hotels is like a super helper that makes booking rooms easy and keeps guests happy.

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Reservations Guest Satisfaction Book Property Management 130

Hotelogix

NOVEMBER 28, 2024

Letting AI Handle the Boring Stuff Behind every great guest experience is a ton of behind-the-scenes work room assignments, housekeeping schedules, pricing updates, you name it. AI can predict which rooms need cleaning first, suggest price adjustments based on demand, and even help manage your restaurant’s inventory.

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Housekeeping Budgeting Demo Pricing 147

Hotelogix

FEBRUARY 13, 2025

Stuck with old-fashioned booking methods: Traditional methods can be time-consuming and prone to errors, making it difficult to efficiently manage reservations. Pricing feels like guesswork: Without data-driven insights, setting competitive and profitable room rates can be a daunting task.

Marketing 130

Marketing Book Reservations Pricing 130

Modern Restaurant Management

DECEMBER 3, 2024

This holiday season, 67 percent of diners are seeking more than standard reservations, with themed holiday meals (44 percent) and multi-course feasts (39 percent) being the most popular options, according to a survey from Tock. Nearly half (49 percent) of respondents will be seeking a reservation during the 4 to 6 p.m.

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Reservations Special Events Book Guest Retention 88

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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Reservations Guest Services Pricing Property Management 130

InnQuest

OCTOBER 24, 2023

In today’s fast-paced hospitality industry, selecting the right reservation system is crucial for the success of your hotel. Understanding the impact of your hotel reservation system on your business is key. In conclusion, the reservation system you choose significantly impacts your hotel’s success.

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Reservations Book Pricing Guest Satisfaction 130

Hotelogix

NOVEMBER 7, 2024

This blog outlines simple, actionable strategies that hotels of all sizes can use to grow their business, from direct bookings to pricing strategies and everything in between. Promote a Best Rate Guarantee: Ensure guests know they'll get the best price when booking directly. For example, "Book now for 20% off on your stay!"

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Pricing Book Events Demo 130

Revenue Hub

DECEMBER 5, 2024

Knowing where to list your hotel and the prices to charge can be tricky, especially for busy operators of small, independent properties. Here we explain the essentials of hotel distribution and pricing. What are the pros and cons of different distribution channels? And how can you make your property stand out?

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Pricing Book Article Reservations 109

Hospitality Magazine

NOVEMBER 2, 2022

Woodford Reserve Old Fashioned Week will kick off in the most luxe way possible with Australia’s most expensive cocktail. The Woodford Reserve Gold Fashioned is a collaborative effort between the brand and two venues: Dean & Nancy on 22 in Sydney and Sky Bar in Melbourne. ” So what goes into the $15,000 price tag?

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Reservations Pricing Magazine 246

Revenue Hub

NOVEMBER 13, 2024

A capitalization rate, or cap rate, is a measure of the income return on an asset, such as hotel or rental property, relative to its purchase price. Normally” NOI is calculated using all income less all operating expenses but does not include costs for debt, depreciation, amortization, reserve for capital expense or income taxes.

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Pricing Article Reservations Information 107

Hotelogix

JUNE 10, 2024

In this context, hotel dynamic pricing is one of the most critical elements. What is dynamic pricing in hotels?  Dynamic pricing strategy in hotels allows hoteliers to optimize revenue by ensuring room rates accurately reflect market conditions and consumer behavior.

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Pricing Demo Communication Training 130

Revenue Hub

MARCH 10, 2025

In hotel management, blackout dates act as a powerful revenue tactic that can optimize pricing, control inventory, and boost profits during peak periods. These are periods when rooms are highly sought after, enabling hotels to establish ideal pricing and booking terms without depending on discounts.

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Reservations Pricing Article Events 75

Hospitality Magazine

FEBRUARY 5, 2025

The tasting menu is priced at $590pp and includes snacks and petit fours. Reservations will be released shortly. Rogan will return to Sydney for the residency from 16 July until 24 August, which will see 15 team members in total work alongside Bathers Pavilion Executive Chef Aaron Ward to deliver a 14-course tasting menu.

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Reservations Pricing Magazine Events 162

Hotelogix

OCTOBER 11, 2024

A no-show in the hotel industry occurs when a guest makes a reservation but fails to show up or cancel their booking in advance. Booking Mistakes: Sometimes, guests might accidentally double-book or forget about their reservation. This, in turn, affects pricing strategies and future bookings.

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Reservations Guest Satisfaction Communication Book 130

Revenue Hub

MARCH 24, 2025

Transient bookings : These are individual reservations made by business or leisure travelers, typically through direct bookings or online travel agencies (OTAs). They allow for dynamic pricing adjustments and last-minute revenue opportunities. Cons: Lower flexibility in pricing, as group rates are often negotiated in advance.

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Book Pricing Article Events 83

Revenue Hub

JANUARY 8, 2025

One example is hotels that rely on static pricing. Whereas hotels implementing revenue management principles use dynamic pricing, optimize occupancy, have a strong brand reputation, and much more. Theres No Need to Change Can you imagine if you still relied on fax machines to take reservations? Do any of these ring true?

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Pricing Marketing Book Article 109

STAAH

JULY 31, 2024

Discover how STAAH SwiftBook’s Smart Pricing can ignite your booking strategy. Why should you use the Smart Pricing feature on your SwiftBook: Key Benefits of STAAH Smart Pricing Enhanced Booking Strategy : Design discounts to specific guest behaviours, making your property more appealing and driving more direct bookings.

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Pricing Book Reservations Marketing 113

Revenue Hub

DECEMBER 18, 2024

A hotel reservation is an options contract for the future, but it should never be offered for free and without penalty obligation until the day before. Paying at the point of reservation can provide a much better guest experience. Why should rooms be any different? Its also a boon for hotel cash flow.

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Reservations Article Book Pricing 96

Revenue Hub

NOVEMBER 18, 2024

Consideration: They explore your website, reading about amenities, checking reviews, and comparing prices. Reduce the number of steps required to complete a reservation, use clear and concise language, and provide visual cues that guide users through the process.

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Book Reservations Article Accounting 109

InnQuest

OCTOBER 17, 2023

Here’s a brief explanation of the reasons why hotel overbookings happen: Uncertain Cancellations: Hotels anticipate a certain percentage of reservations to be canceled. Revenue Maximization: In a bid to maximize revenue, hotels often accept more reservations than their actual room inventory.

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Reservations Book Guest Satisfaction Pricing 221

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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Book Pricing Reservations Events 109

Hotelogix

DECEMBER 17, 2024

What makes guests choose one hotel over another even when the price and amenities are nearly the same? Reservation : Is your booking process simple, quick, and intuitive? Align Your Pricing with Your Promise Guests see price as a reflection of value. Check-in : Imagine a guest arriving tired after a long flight.

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Pricing Book Marketing Budgeting 130

Hospitality Magazine

FEBRUARY 5, 2025

For those looking for a smaller dining experience, there will be fortnightly three-course lunches available on Friday and Saturday priced at $75 a head. Reservations are now open. We have both worked over 20 years in the industry and feel like it has all led up to this precise moment,” says Piechniczek.

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Reservations Training Pricing Magazine 130

LimeTray

FEBRUARY 9, 2025

The article below explores key features of restaurant POS systems, comparing top options like ere4u and LimeTray, along with their pricing factors. With instant updates on table availability and reservations, your staff can seat customers more efficiently. Here are ten key factors that influence POS system pricing.

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Pricing POS Systems Server Scheduling 52

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

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. Let’s dive in and discover how dispelling these myths can unlock untapped opportunities for growth and excellence in your hotel.

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Guest Satisfaction Reservations Information Article 108

Revenue Hub

JANUARY 14, 2025

We included gas cards, a smores kit, information on local attractions and a travel themed magnetic photo frame and priced it as a value add. A donation to a local animal shelter for every reservation would also be a nice touch and a way to give back to the community. It can apply to any time of the year if priced effectively.

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Pricing Events Marketing Budgeting 105

Revenue Hub

MARCH 13, 2025

Different traveller groups have varying lead times, and recognising these patterns will help you optimise your availability and pricing strategies. Since school holidays often align with Easter, parents are keen to secure child-friendly accommodations, early dining reservations, and engaging activities for their little ones.

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Book Workshop Reservations Article 101

Revenue Hub

DECEMBER 19, 2024

Dynamic pricing tools use algorithms to recommend the ideal rates and the right time. NB: This is an article from Lighthouse Subscribe to our weekly newsletter and stay up to date Price optimization works by collecting and analyzing data from sources like competitor rates, seasonal trends and external events.

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Pricing Book Article Budgeting 97

Revenue Hub

OCTOBER 10, 2024

You want to be sure you’re offering minimum pricing that’s beneficial for your company’s bottom line, and that makes sense for your customers. Catering budget : A required minimum amount to be spent on catering to reserve the event space. Event minimums are nothing new, but determining the amounts can be challenging.

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Pricing Events Catering Maintenance 109

Revenue Hub

SEPTEMBER 18, 2024

One of the most pervasive myths is the belief that offering low prices will automatically lead to high occupancy rates. In fact, setting prices too low can have several detrimental effects on a hotel’s revenue, profitability, and overall brand perception.

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Pricing Article Events Marketing 104

Hotelogix

JANUARY 10, 2025

Even though there are loads of reservation tools out there, many small hotel operators are going with something they already know how to use: Google Calendar. Challenges with Reservations Staff at small hotels often find it challenging to handle reservations effectively. The answer you are searching for is, Yes.

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Book Reservations Scheduling Housekeeping 100

Modern Restaurant Management

FEBRUARY 14, 2024

Charging guests for booking a reservation that they don’t show up for is becoming more popular. Let’s start with the reservation charge. For now, I have recommended to my clients to only utilize the reservation charge during holidays (Mother’s Day, Christmas, New Years, Easter, etc.).

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Reservations Pricing Server Book 189

Hotelogix

JANUARY 12, 2025

Tools like Hotelogix’s Web Booking Engine simplify the reservation process, allowing guests to book directly. Integrate Your Rates and Inventory : Managing multiple OTA platforms manually can quickly become overwhelming, leading to errors like double bookings or inconsistent pricing. A TA Console , simplifies it all.

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Book Pricing Marketing Events 130

Hotel Business

FEBRUARY 25, 2025

Cloudbeds has formed a strategic partnership with Sabre Corporation to deliver a deeper integration between Cloudbeds PMS and Sabres SynXis Central Reservation System (CRS), offering hotels and accommodation providers a seamless solution for managing distribution, reservations and property operations.

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Reservations Book Communication Pricing 59

Revenue Hub

MARCH 17, 2025

Effective yield management isnt just about dynamic pricing (as much as we do love dynamic pricing). Here are some innovative yield management approaches that go beyond the conventional demand-based pricing model. Its about creatively optimizing revenue while enhancing the guest experience.

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Pricing Book Concierge Reservations 65

Hotelogix

FEBRUARY 13, 2025

Online tools such as the Hotel Reservation Software , Channel Manager, GDS and more can bring hotels bookings from various sources and automatically update the inventories on the front desk, thereby, eliminating errors and effort put in by the staff in managing and selling inventories.

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Marketing Budgeting Blog Reservations 130