Kate Dance, CRME’s Post

Hotel sales managers negotiate corporate travel rates for large companies whose business requires employee travel. For example, a single company deal can represent an annual commitment for preferred rates at a specific hotel, bringing in anywhere from $25K to $500K a year in revenue. As with group stays, nailing down a preferred hotel rate contract can take days, weeks or even months to secure. It all depends on the customer and their needs. #hotelsales #hotelrevenue

QUICK WEDNESDAY FACTS Did you know that up to 20% of booking errors between travel agencies and hotels are due to a lack of traceability? 📉 This issue can lead to missed reservations, double bookings, and other costly mistakes. In the hotel industry, such errors can represent a significant portion of affected reservations. Top Group Express tackles this problem head-on by ensuring detailed tracking for every reservation request. ✅ Our commitment to efficient traceability minimizes errors, guaranteeing a seamless and stress-free experience for our clients. 🌟 Trust us to handle your group bookings with precision and care. 🤝 #TravelAgency #HotelBookings #Traceability #BookingErrors #TopGroupExpress #TravelEfficiency #GroupTravel #SeamlessExperience #TravelSolutions #Hospitality #TravelManagement #CustomerService #BookingEfficiency #TravelTechnology #TravelExperts #TravelIndustry

5 Steps to Driving More Direct Bookings Driving more direct bookings is crucial for hotels to increase revenue, build customer loyalty, and reduce reliance on third-party platforms. Hotels often offer incentives for guests to book directly, such as free Wi-Fi, complimentary breakfast, or flexible cancellation policies. Here are some other effective strategies to encourage guests to book directly: 1. Offer Best Price Guarantees Clearly communicate on your website that booking directly ensures the best price. Create special promotions and fenced rates available only to guests who book directly. Read more here: https://lnkd.in/dgxdm9uJ #hotel #revenue #management #hospitality #manager #tourism #tourisme #travel #hrm #hotelrevenuemanager #hotelrevenuemanagement #tipoftheweek #industryinfo #revenueinsights

Selling hotel rooms involves working with online travel agencies (OTAs) and other partners to reach more guests. Managing these contracts can be tricky, but it's crucial to make the most money and run things smoothly. Understanding the Players: ✅ OTAs: Websites where travelers find and book hotels ✅ Hotel Partners: Wholesalers, travel agents, and others who help sell your rooms Challenges of Many Contracts: 1️⃣ Keeping Track: Each contract can have different terms, fees (commissions), and booking rules, making it hard to stay organized. 2️⃣ Fair Prices: You need to offer the same price across all channels to avoid confusing guests and hurting your reputation. 3️⃣ Room Management: You don't want to sell more rooms than you have (overbooking) or have empty rooms (underutilization) because you're listed in too many places. 4️⃣ Seeing What Works: You need to know how much business each partner brings in to decide if they're worth keeping. Imagine streamlining all your contracts into a single agreement. ChannelsGate offers a solution to save time and simplify contract management. Register today at: https://hubs.li/Q02pdq-G0 Alternatively, reach out via email: help@channelsgate.com #ChannelsGate #Travel #Hotel #Hospitality #TravelTech #BakuunHoldings

Travel agents, upgrade your offerings! Selling just air tickets is outdated. Start earning additional revenue by including hotel stays in your packages. We're here to assist you. Sign up now for instant access to hotels. https://buff.ly/3OPGvJL #TravelAgents #HotelBookings #BonusRevenue #TravelDestinationOnline #TravelPackage #BookNow #TDO

💻🚀At GRS we empower #hoteliers to create a customized booking system for groups, simplifying the entire process for both hotels and travel providers alike. How does GRS work? 🏨 Hoteliers: 1. Our new clients go through the onboarding process. We assist them in setting everything up on the Marketplace, from property requirements and rates to payment gateways. 2. The hotelier defines the strategy and customizes the booking engine (if they place the booking engine iframe on their website). 3. When the travel provider makes a reservation at their property, we send them a notification. ✈️ Travel providers: 1. Travel providers input their requirements on GRS dashboard or on the booking engine iframe placed on the hotel website (length of stay, group type, meal preferences, etc.). 2. GRS returns the option(s) that fits better with their preferences and the travel provider makes the group reservation. 3. A confirmation email for the reservation will be sent out. If you're considering optimizing the entire process of your group bookings, contact us at the following link, and we'll explain how to do it ➡️ https://lnkd.in/dw9YPWw7 #groupbooking #groupreservation #groupreservations #grs #bookingengine #grouptravel

Recently Revfine asked its Industry Expert Panel the question: “What is your advice for using GDS as part of a hotel’s overall distribution strategy?” Here is my take: Globally, the GDS channel contributes to less than 5% of hotel roomnights. So, if leisure or social events like weddings are your main customer segments, then perhaps the GDS would be of lesser importance to your hotel. But if your hotel caters to the managed business travel and corporate meetings market, then the GDS is an important - even indispensable- distribution channel. All of the Travel Management Companies (TMCs) that serve Fortune 500 companies, as well as traditional travel agencies that typically serve the business travel needs of mid-size and smaller companies, use GDS for their hotel bookings. If your property caters to this customer segment, you need to be on the GDS and have a marketing strategy for this distribution channel.

This week in travel trends: US hotels are thriving! 📈 Latest data shows: Occupancy at 68.9% (+0.5% YoY) ADR reaching $168.80 (+2.0%) RevPAR hit $116.22 (+2.5%) The hospitality industry continues to outperform expectations and signal strong industry resilience! #TravelTrends #HospitalityIndustry #CustomerTrends

Midyear Hospitality Market Reports Now Available! Hotel recoveries across the country are taking on more nuance as leisure and business travel trends continue to evolve. Following rapid improvements post-lockdown, many major markets are now navigating the impact of inflation on travel behaviors. Business travel and international visitors are driving hotel room demand in several metros, while domestic leisure travel is expected to pick up as pricing pressures ease. Highlights include: - Occupancy, ADR, and RevPAR forecasts for 34 major markets - Travel trends and their effects on hotel performance and investment sales. - Performance breakdown by service level. Download the full reports: https://lnkd.in/gr6wNJU3 #cre #hospitality #commercialrealestate

"The Power of Online Reviews: How OTAs Shape Hotel Success" Online reviews have become a cornerstone for hotels partnering with OTAs (Online Travel Agencies). These reviews influence bookings, shape guest expectations, and affect hotel rankings on OTA platforms. While positive reviews enhance a hotel's visibility, negative ones can damage its reputation. The key lies in how effectively hotels manage this feedback. In the next post, we will discuss strategies for leveraging OTA reviews to boost guest satisfaction and maximize bookings.