In the ever-evolving hospitality industry, staying competitive demands more than just offering great accommodations and service. Hoteliers need to employ smart strategies to optimize revenue and profitability. One of the most powerful tools in their arsenal is a robust Revenue Management Solution (RMS). However, with numerous options available, choosing the right RMS can be daunting. To help you navigate this decision-making process, let’s explore the essential features to consider when selecting an RMS for your hotel. 1. Dynamic Pricing: A dynamic pricing is the backbone of any effectiv ..read more

Effective revenue management provides hoteliers with a clear roadmap for pricing and optimisation, while acting as a gauge to measure success. What is a Revenue Management Solution for Hotels? How Do They Work? Top 5 Reasons to Use a Revenue Management Solution for Hotels 5 Bonus Tips for Maximizing the Effectiveness of Revenue Management Solution (RMS) in Boosting Hotel Profit. Using smart technology and big data, the right revenue management solution helps revenue managers foresee market demand and react to it efficiently, always keeping yield and revenue growth as their goals. What is ..read more

Hotels, as key players in the tourism sector, have a unique opportunity to lead by example and contribute to a greener, more sustainable future. As environmental awareness gains momentum, the hospitality industry is acknowledging the need to integrate sustainability into its practices. In this blog post, we will explore five ways in which hotels can participate in the global effort towards sustainability. 1) Energy Efficiency One of the most impactful ways for hotels to reduce their environmental footprint is by prioritizing energy efficiency. Implementing energy-saving technologies, such as ..read more

A few small but powerful tweaks to your overall pricing strategy can make a dent to your revenue. In this blog, we share some simple tactics and ideas that can boost your hotel’s revenue. There is no set formula to increase a hotel’s revenue, it can be achieved by creating a good promotion plan, tapping into sources of ancillary revenue, upselling and other marketing strategies. Here are 10 strategies: 1. Optimise ancillary revenue. Ancillary services such as restaurants, spa treatments, meetings and event spaces can generate more profit for your hotel. The same goes for other services such a ..read more

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).  Kevin Tatem shares his views on All-in-one Property Management Systems vs Best of Breed solutions. Whilst some are very good and offer varying degrees of sophistication, there are plenty that are very basic, appealing let’s say to the “budget conscious” end of the hospitality industry. L ..read more

In the dynamic world of hotel reservations, capitalizing on your website’s potential is vital for hoteliers. With 60% of visitors to Online Travel Agencies (OTAs) eventually checking out your website, the opportunity to secure commission-free direct bookings is substantial. The key to harnessing this potential lies in your Internet Booking Engine (IBE), a tool designed to attract and convert users seamlessly. In this article, we’ll explore what makes an IBE invaluable and offer insights into choosing the perfect booking engine for your property. What Makes an Internet Booking Engine So Precio ..read more

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).  Kevin Tatem shares his views on All-in-one Property Management Systems vs Best of Breed solutions. Whilst some are very good and offer varying degrees of sophistication, there are plenty that are very basic, appealing let’s say to the “budget conscious” end of the hospitality industry. L ..read more

Every hotel has an optimal distribution channel mix – meaning that channels are selected and managed in such a way that they will drive optimal profitability for the hotel in the long run. There is no set formula for an optimal distribution mix that applies to all hotels. Every hotel has its own unique channel mix that is affected by several things, including the hotel’s position in the marketplace relative to its competitors – its geographical location, its reputation in the industry, and its service offering (think packages, amenities, and terms and conditions). Achieving the optimal distr ..read more

Price is one of the most influential factors in a guest’s decision to stay with you. Let’s look at some important components that should define your pricing. The Hotel Industry is unique among economic markets in that we sell perishable services with a limited capacity. The same room cannot be sold twice, and a vacant room cannot be sold at a later date. To further complicate things, we sell to very different customers, each with their own requirements and willingness to pay for the same product. Revenue management is the art of analysing and optimising these peculiarities with pricing as a ..read more

With the penetration of travel technology, travellers are getting used to booking a hotel room online, planning their travel itinerary online and even purchasing destination tickets online. STAAH Upselling partner KAI shares with us tips on Upselling and how it’s a new challenge for hoteliers. This brings about convenience and increases efficiency for both travellers and service providers. But at the same time, it creates multiple new challenges for hoteliers such as upselling. The Challenges Hoteliers are Facing Firstly, the convenience of online shopping reduces communication opportunities ..read more