revenue generation

/Tag: revenue generation

revenue generation

Hotel Budget Season: Design Your Most Profitable Channel Mix Strategy in 2019

Kristi White | October 16, 2018

By Kristi White, VP, Sales Engineering at The Rainmaker Group Travel customers have an unprecedented number of options to shop and book hotels, with new competitors constantly jumping into the distribution channel pool. Determining what inventory to sell through which channels has become a critical component in operating a profitable hotel. The industry is seeing online travel agencies (OTAs) with market values higher than many hotel brands and commissions rising at twice the rate of revenue growth.1 Despite these intimidating numbers, intermediary distribution channels should not be looked upon with enmity, but rather as key players in...

Why Offering Local Tours and Activities Is a Huge Revenue Opportunity for Hotels

HEBS Digital | August 7, 2018

By Max Starkov, President & CEO at HEBS Digital Background: Offering local tours and activities - i.e. experiences in the destination - is a multibillion dollar business, with the OTAs having shown a growing interest in this sector. Expedia alone is looking to grow its local tours and activities sales fivefold - from approximately $400 million a year to over $2 billion. Expedia currently has 4,000 suppliers providing 27,000 tours and activities worldwide. Airbnb, through its Experiences offering, has been rolling out tours and activities in many of its key destinations with the goal of bringing its offerings to 1,000 cities. Recentl...

Mangalis Hotel Group Adopts TravelClick’s Leading Reservations, Web and Media Solutions

Mangalis Hotel Group | July 9, 2018

TravelClick Offerings Enable Mangalis to Maximize Revenue During Rapid Expansion Across Africa NEW YORK, July 9, 2018 – TravelClick, a leading global provider of data and revenue-generating solutions for hoteliers, today announced that Mangalis Hotel Group, the African-born hospitality group with its dynamic innovative brands Noom Hotels, Seen Hotels and Yaas Hotels, has selected TravelClick's award-winning Reservations (iHotelier®), Web and Media Solutions to drive more revenue and maximize direct bookings as Mangalis continues its rapid expansion across Africa. TravelClick's flexible, integrated Reservations Solutions enable...

HEBS Digital’s smartCMS® Wins a Stevie® Award for The Fifth Consecutive Year at the 2018 American Business Awards®

HEBS Digital | May 22, 2018

NEW YORK, NY (May 22, 2018) – HEBS Digital wins a bronze Stevie® Award at the 2018 American Business Awards® for best New Product – Software in the Content Management Solution category for its smartCMS®, a revenue generating content management solution for hoteliers. This is the fifth consecutive year HEBS Digital has taken home a Stevie® Award. For its 16th year, the American Business Awards® accepted over 3,700 nominations to be judged by a panel of more than 200 industry professionals. HEBS Digital is excited to receive this honor and to continue bringing its cutting-edge products and services to its c...

Coming Soon to Your Hotel: The Integrated Revenue Generation Team

HEBS Digital | May 21, 2018

By Max Starkov and Scott Dahl Background: The hospitality industry is enjoying its longest expansion and healthiest growth in decades, yet there are some troubling trends beginning to surface that threaten profitability and overall performance. One of these trends is that net room revenue—i.e., revenue that remains with the hotel after accounting for distribution costs (OTA commissions, traditional agency commissions, and other distribution expenses)—has been declining steadily over the past several years. For example, U.S. hotels earned roughly $155.2 billion in guest-paid revenue in 2017 but paid an estimated $25.2 billion...

How Future-Proof Is Your Hotel PMS? Download Free 10-Point Checklist Now

StayNTouch | April 12, 2018

Hotel technology innovator StayNTouch introduces the definitive 10-point checklist to put your property management platform to the test In a service-oriented industry like hospitality, it is critical to keep up with technology advancements. According to the 2016 Trends vs. Technologies Report, 78% of decision-makers across all sectors agree that keeping up with tech trends is vital, and 86% agree that it gives their competitive business advantage. While there isn't a silver bullet to future-proof your business, making the right technology decisions to match your goals will help set up your hotel for success in the long run. In many resp...

Vertical Booking Adds More Than 1000 New Hotels in 2017

Vertical Booking | February 8, 2018

Portland, Ore – February 8, 2018 – Vertical Booking, a recognized leader in global reservation technology, announced today tremendous growth in 2017 with the addition of more than 1000 hotels utilizing their revenue generating solutions. "Vertical Booking continues to expand and grow worldwide because more and more hotels are realizing the benefits of a real-time, centralized solution designed to assist hoteliers in making more informed decisions and maximizing revenue," said Mark Lewis-Brown, President/CEO of Vertical Booking USA. Hotels rapidly jumped on board to utilize the plethora of reservation upselling tools designed...

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