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BENEFITS OF REVENUE MANAGEMENT SYSTEM

  • 21st November 2023
  • Revenue Management

If you’re running a hotel or Resort, availing the service of Booking Master's Hotel Revenue Management Software is the best business decision you can make. Revenue management basically involves forecasting demand, setting prices, and optimizing inventory to maximize revenue and...

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Benefits of using WhatsApp Business API in Hotel Business

  • 17th November 2023
  • Digital Marketing

Today, effective communication plays a pivotal role for successful businesses and their customers. Nowadays, guests prefer to interact with the Hotel Team effortlessly using texts, images, and emojis. Hence, Messaging apps like WhatsApp, Facebook Messenger, etc., are the most preferred...

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Benefits of Advanced Accounting Software for Your Hotel Business

  • 11th November 2023
  • Property Management System

In Hotel accounting cash flows are tracked across departments and the hotel’s financial position is analyzed so that the balance sheets, profit and loss, and cash flows are all up-to-date. Accounting makes budgeting, forecasting, or cost planning much more effective...

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BALANCING REVENUE AND DEMAND IN THE HOTEL INDUSTRY

  • 7th November 2023
  • Revenue Management

In the Hotel Industry, Hoteliers should consider demand analytics as it is a crucial tool that can be used to determine pricing. In this context, seasonality (high and low seasons) plays a key role.  In the high seasons, due to...

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BENEFITS OF BOOKING MASTER’S CHANNEL MANAGER

  • 3rd November 2023
  • Channel Manager

A ‘Channel’ is a third-party website. It is often referred to as an Online Travel Agent (OTA). These third-party websites allow users to search and book Hotel Rooms and Flights. These channels get into an Agreement with the Hotelier. As...

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MARKETING STRATEGIES TO BOOST HOTEL REVENUE

  • 28th October 2023
  • Digital Marketing

Introduction An effective hotel marketing strategy can help you shine and stand out from the rest in the Hotel Business. You can employ a number of sales strategies to market and sell your hotel rooms. These strategies not only maximize...

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WAYS TO ATTRACT REPEAT HOTEL GUESTS

  • 14th October 2023
  • Property Management System

"Profit in business comes from Repeat customers, Customers that boast about your service, and that bring friends with them" - W. Edward Deming. Repeat customers are your loyal customers as they had a great experience with your brand in the...

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Tips to choose the right Hotel PMS for your property

  • 9th October 2023
  • Property Management System

A Modern Hotel PMS helps in improving the guest experience, makes operations more efficient, and increases profitability. With various PMS software available in the market offering multitudes of features, it is important to choose the right PMS for your Hotel/Resort....

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TIPS TO INCREASE LOW-SEASON HOTEL OCCUPANCY

  • 24th September 2023
  • Revenue Management

  Peak season is the best for the Hotelier as there is high demand and an influx of guests. During high season, it's quite easy to achieve full hotel occupancy. However, the Hotel's low season is a harsh reality of...

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HOW TO INCREASE HOTEL REVENUE?

  • 21st September 2023
  • Revenue Management

Every hotelier faces the challenge of how to increase revenue. Engagement in day-to-day operations could make it difficult to have a bird's eye view. Income can be generated through room sales as well as through exploring some of the best...

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