OTA Models
58 likes42,734 views
OTA stands for Online Travel Agent and acts as a 24/7 sales representative for hotels, providing a one stop solution for hotel bookings. There are two main OTA models: the Merchant Model and the Agency Model. The Merchant Model involves contracts where OTAs purchase rooms in bulk from hotels at discounted rates, typically earning 20-30% margins, whereas the Agency Model uses commissions per room sold and allows hotels to set the final price. The Merchant Model provides OTAs with better deals but may be less preferred by hotels, while the Agency Model requires no upfront costs but offers OTAs less bargaining power and profit margins.
1 of 10
Downloaded 1,017 times
Recommended
Reservations Importance
Reservations ImportanceArpendra Chauhan
油
Introduction to Reservations Department
Role of Reservations
Modes of Reservation
Sources of Reservation
Types of Reservation
Amendment Policy
Cancellation PolicyWhitepaper - Beginner's Guide to Hotel Revenue Management
Whitepaper - Beginner's Guide to Hotel Revenue ManagementDuetto
油
Revenue management has become synonymous with managing rates, but it is really much more and the first step to a comprehensive revenue strategy.
If you dont know who your customers are and when theyre coming, its hard to properly manage your property and set rates to maximize profits. By using basic approaches to segment, forecast and price, operators can run their hotels more efficiently and profitably.
In this whitepaper you can read how you can get started with revenue management today by taking a few simple steps.Hubbart's Formula: Tariff fixation methods in Hotels
Hubbart's Formula: Tariff fixation methods in HotelsInstitute of Hotel Management, Hajipur, Patna, Bihar.
油
The document discusses various methods for determining hotel room tariffs, including cost-based and market-based approaches. The cost-based approach includes the rule-of-thumb method, which sets the price per room at 1-2 per day based on costs, and Hubbart's formula, which uses an inverted profit and loss statement to calculate the required average room rate. The market-based approach considers competitor pricing, market tolerance rates, bundled/package pricing, and customizing rates based on guest needs. Hubbart's formula provides a scientific way to determine room rates based on costs, revenues, occupancy rates, and desired profit levels.Hotel Guest Room Tariff: Introduction
Hotel Guest Room Tariff: IntroductionInstitute of Hotel Management, Hajipur, Patna, Bihar.
油
The slide is designed to be used by students who are starting to learn in an educational Institute.
It deals with Front Office Operations & Management.Hotel Guest Room Tariff Fixation Methods; Steps & Explanation (Revised)
Hotel Guest Room Tariff Fixation Methods; Steps & Explanation (Revised)Institute of Hotel Management, Hajipur, Patna, Bihar.
油
Presentation suitable for students of Hotel front Office, 2nd Semester! (National Council For Hotel Management, NOIDA)Yield Management Presentation 2007
Yield Management Presentation 2007ravitaurus
油
This is my yield management presentation for Hotel Industry.Please contact me if you need more information.How to increase the revenues of the hotel with Revenue management?
How to increase the revenues of the hotel with Revenue management?Stanislav Ivanov
油
This document provides an overview of revenue management strategies and techniques that hotels can use to increase revenues. It begins with defining revenue management as optimizing net revenues through offering the right product to the right customers via the right distribution channel at the right time and price. It then covers economic fundamentals, the revenue management process, key metrics, tools like price discrimination and overbooking, channel management, software, and ethical considerations. The goal is to educate on how hotels can systematically use revenue management to maximize profits.Basic Revenue Management Training
Basic Revenue Management TrainingSinggih Heri Purwisatoto
油
Basic Revenue Management for hotelier, it's not about getting revenue we learn for maximizing revenue Distribution Channels
Distribution ChannelsOmPatel107
油
Functions of Distribution Channels
Factors affecting distribution channels
Structure of Distribution Channels
Various Distribution Channels of Hospitality IndustryThe Power of Online Travel Agencies (OTA): Results of an Online Survey on Hot...
The Power of Online Travel Agencies (OTA): Results of an Online Survey on Hot...University of Applied Sciences of Western Switzerlan Valais
油
Online distribution for the hotel industry in Germany, Austria and Switzerland (DACH) is becoming increasingly important. On average, today in the DACH region already 27% of bookings are generated electronically in real-time through online booking agencies (OTA), hotel websites, global reservation systems (GDS), central reservation systems (CRS) of hotel chains and hotel cooperation or social media platforms. This represents an estimated turnover of over 7.5 billion euros. These are some of the results of a joint survey by the German Hotel Association (IHA), the Austrian Hotel Association (HV) and the Swiss Hotel Association (hotelleriesuisse) in collaboration with the Institute for Tourism of the University of Applied Sciences Western Switzerland Valais (HES-SO Valais) in Sierre.
The hotel associations of the three countries have measured for several years now in independent surveys market shares and developments in the respective distribution channels. For the first time, a uniform data set has been established with scientific support in Germany, Austria and Switzerland in order to analyze the overall developments in hotel sales in a transnational context.
According to the study which was conducted between December 2011 and January 2012 and based on the responses of 1,400 hotels in Ger-many, Austria and Switzerland, online travel agencies (OTA) have reached a market share of 19% (D-A-CH). OTAs dominate electronic distribution with the proportion in Germany (20%) exceeding those of Switzerland (16%) and Austria (13%). The trend towards online booking channels is unbroken, while both traditional direct sales and sales generated by tourism partners (e.g. travel agencies, tourism organizations) are constantly declining.
Hotel Reservation System (HRS), Hotel.de and Booking.com are the most widely used OTAs in Germany, Austria and Switzerland. Booking.com with 43% in Austria and 53% in Switzerland is the dominant platform in these countries.
Meal plans found in hotels
Meal plans found in hotelsInstitute of Hotel Management, Hajipur, Patna, Bihar.
油
a part of the chapter on hotel room tariff. contains details on the specifics of various elements of each plan.Hospitality industry trends
Hospitality industry trendsSne転ana Simi
油
According to the World Travel & Tourism Council, the Travel and Tourism industry is currently among the largest and fastest-growing industries worldwide, forecasted to support 328 million jobs, or 10% of the workforce, by 2022.
Emerging markets - including the Middle East, Africa, Asia and the Pacific are the new tourist destinations that are increasingly drawing crowds.
15 Hotel's Revenue Mgmnt Room Rate Structure part 3 by Dino Leonandri
15 Hotel's Revenue Mgmnt Room Rate Structure part 3 by Dino LeonandriDINOLEONANDRI
油
Hotels use websites to generate direct online bookings and avoid paying commissions to third-party booking sites. Successful hotel websites are interactive, easy to navigate, provide quality information, allow for online booking, include price comparison features, maps, support for multiple languages, and links to local attractions. Websites give hotels greater control over inventory compared to other electronic booking channels.Hotel Sales & Marketing 
Hotel Sales & Marketing Ottis Bunning
油
The document discusses various strategies for hotel sales and marketing. It begins by outlining key trends to understand such as guest expectations and purchasing behaviors. It also emphasizes the importance of tracking marketing program results and using appropriate distribution channels. The document further stresses having the right management team to provide excellent customer service. It provides examples of low-cost marketing tactics like flyers, brochures, and partnerships. Overall it offers guidance on comprehensively understanding customers and implementing an effective marketing strategy.Front office revenue management & its application in the hotel
Front office revenue management & its application in the hotelMudit Grover
油
Revenue management & its application in the hotel industry
Revenue Management
Revenue: Money that hotel collects from the sale of rooms or from the sales of product & services
Revenue Management: The process of examining & factoring in consumer behavior to achieve the max. amount of profit from a perishable good.
Revenue Manager: Individual responsible for decision making necessary to maximize the propertys long term RevPar.
What is Revenue Management??
It is an umbrella term for a set of strategies that enable capacity constrained service industries to realize optimum revenue from operations.
Making the very best use of product is yield management.
Therefore, yield management is the management in the terms of maximizing revenue generation and also called as Revenue Management or Revenue Enhancing Technique.
The hotels aim should be high profit business rather
than high volume business.
Objectives of Revenue Management
Role of Revenue Manager
Yield Management Team
Benefits of Yield Management
Measuring Yield
Revenue Management Tools
Revenue Management Software
Software should be much faster and more accurate.
System should be able to monitor & mange risk automatically.
Identify the dates when demand is low/high & revenue is low/high.
Software should be able to guide about the provision about the special events/festivals etc.
At last a repot to be printed suggesting about the amendments in terms of rates, occupancy, revenue etc, for maximum benefit of organization.
Conclusion
Revenue management is system that attempts to understand, anticipate and then react to consumer behavior in order to maximize profit. Therefore, a revenue manger should be able to decide a room should be sold on rack rate for a day or two would be more profitable for the same room sold at discounted rate for a longer time which is the main objective of revenue management.
Thus a yield management team should predict the demand of the rooms, allocate the right number of rooms to various market segments by using revenue management tools in order to maximize the occupancy so as
to maximize and optimize profit.
Hospitality industry growth and facts
Hospitality industry growth and factsVipin Kumar
油
The hospitality industry in India has significant growth potential. It is one of the largest industries globally and nationally, involving cooperation between multiple organizations. India has the potential to become the number one tourist destination in the world with demand for tourism growing over 10% annually. The hospitality industry's contribution to India's GDP is also expected to rise significantly by 2020. For the industry to further grow, factors such as infrastructure development, tourism policies, foreign investment regulations, and visa rules need favorable government support. The tourism and hospitality industry also relies on growth in other interconnected industries such as automobiles, IT, and agriculture.Online Travel Agent: booking.com
Online Travel Agent: booking.comPauline29
油
Booking.com targets customers aged 25 to 44 looking for leisure or business trips. It allows users to search and filter hotels by stars, amenities, and location. Users can read reviews from past travelers, view photos and maps, and book hotels directly on the site. While Expedia offers more services like flights and cars, Booking.com focuses only on hotels and provides more contextual information about nearby attractions. It aims to guide users to highly reviewed hotels and shows recent bookings of searched properties.consumer behavior in tourism
consumer behavior in tourismrustambek19982307
油
This document discusses consumer behavior and consumer research in the context of tourism. It begins by defining consumer behavior as the activities people undertake when obtaining, consuming, and disposing of products and services. It notes that consumer behavior is influenced by both consumer factors like culture, personality and life stage as well as organizational factors like advertising, price and product availability. The document then discusses various methods used in consumer research like observation, interviews, surveys and experimentation. It emphasizes the importance of studying consumer behavior for understanding economic and marketing impacts. Overall, the document provides a high-level introduction to key concepts in consumer behavior and research methods used to study it.Yield management
Yield managementMohit Khatrii
油
This document discusses the concept of yield management in the hotel industry. It begins by defining yield management as a technique used to maximize room revenue by adjusting room rates based on supply and demand. It then explains how yield management originated in the airline industry for perishable assets and has expanded to other industries like hotels. The document covers key aspects of a hotel yield management system including capacity management, discount allocation, and duration control to optimize room prices and revenue. It provides examples of formulas used to calculate metrics like potential average rates, achievement factors, and yield.ROOM TARIFF IN HOTEL 
ROOM TARIFF IN HOTEL indian chefrecipe
油
Factors Affecting Hotel Room Tariff
Establishing The End of the Day
Fixed check-in/chek-out bais-24hrs,night bais
Room rate Designations
MEal plans
Room Tariff card,broucher and its importance
Room tariff fixation-cost based ,Rule of thumb vs Hubbart formula and competiton based ,market based and demand based
Distribution channels
Distribution channelsSurya Pratap Singh
油
This document discusses distribution channels in the hospitality industry. It begins by defining distribution and describing how it relates to the marketing mix elements of place and price. It then discusses how distribution has evolved with revenue management and internet marketing. It describes different types of distribution channels and intermediaries involved in getting customers to products. It discusses challenges like costs, technology changes, and managing diverse inventory. The goal is to optimize revenue through selling the right product to customers using the right distribution channel.Reservations
Reservationsheyiamsherline
油
To assist guests with reservations and ensure rooms are available as needed.Modes of payment in hotel
Modes of payment in hotelbhavanideepika
油
Modes of Payment in Hotel
Credit card :-
Debit card :-
Travelers cheque :-
Personal cheque :-
Company Accounts :-
Possibilities include credit cards, direct billing (bill - to - account), cash or personal check, traveler's checks, or debit cards. During checkout, the guest confirms the method of payment. Today's business and pleasure travelers usually pay with a credit card.
Payment method types
Credit Cards. As a global payment solution, credit cards are the most common way for customers to pay online. ...
Mobile Payments. ...
Bank Transfers. ...
Ewallets. ...
Prepaid Cards. ...
Direct Deposit. ...
Cash.Hotel Management Course - Revenue management Concepts 
Hotel Management Course - Revenue management Concepts Manish Gupta
油
This short course will explain the basic fundamentals of hotel's revenue management. Objectives, process and practices. You can subscribe the course at https://goo.gl/ufSuqN or visit our website www.ehotelmanagementschool.comTimeshare, Condominium & Referral Chains 
Timeshare, Condominium & Referral Chains Institute of Hotel Management, Hajipur, Patna, Bihar.
油
This document provides an overview of timeshare concepts. It defines timeshare as a form of vacation ownership where multiple parties hold rights to use the same property for allotted periods. It discusses the main types of timeshare ownership including deeded, leased, and points-based systems. Key factors that determine timeshare prices like location, season, unit size are outlined. The benefits of timeshare like larger accommodations and exchange options are also summarized.Hospitality Industry Overview
Hospitality Industry Overviewwww.technofunc.com
油
The document provides an overview of the hospitality industry. It defines hospitality as the practice of being hospitable and welcoming to guests through accommodations, travel services, and entertainment. The hospitality industry includes hotels, resorts, restaurants, clubs, conventions, attractions, and other services for travelers. Hospitality management refers to both the management of organizations within the hospitality industry as well as the academic study of managing these services and businesses. The document outlines different sectors within hospitality including tourism, hotels, events, conventions, and resorts. It also classifies hotels based on services, themes, and target markets. Key departments that support the hospitality industry are identified as housekeeping, front desk, food and beverage, engineering, health and securityTour Operations Assignment 3 p3 information
Tour Operations Assignment 3 p3 informationgarside15
油
You must describe the functions of tour operating, with examples of how they are carried out, covering the full range prescribed for planning, selling, administration and operations. Timescales and commercial considerations should be evident within the descriptions.Planning & Evaluation Front Office Operation
Planning & Evaluation Front Office OperationChandanBhagat14
油
Forecasting is a technique that uses historical data as inputs to make informed estimates that are predictive in determining the direction of future trends. Businesses utilize forecasting to determine how to allocate their budgets or plan for anticipated expenses for an upcoming period of time.
To OTAs or not to OTAs 
To OTAs or not to OTAs Theodoros Theodoropoulos
油
This document discusses the pros and cons of online travel agency (OTA) bookings versus direct bookings on a hotel's own website. It outlines some of the benefits OTAs provide like increased traffic and easy booking processes, but also notes their high commission fees between 10-25%. Direct bookings allow hotels to keep more profit without commissions, but require investment in website development, marketing, and sales tools. The document concludes that hotels should aim to balance bookings between OTAs and direct channels to maximize revenue and drive more traffic to their own sites through the visibility OTAs provide. Maintaining the right cost of sales and balancing spend across channels is important to achieving an optimal outcome.Yield management - Front office 
Yield management - Front office Amit Vohra
油
Preseantion on yield management- front office notes
What is yield management. what does yield depend on More Related Content
What's hot (20)
Distribution Channels
Distribution ChannelsOmPatel107
油
Functions of Distribution Channels
Factors affecting distribution channels
Structure of Distribution Channels
Various Distribution Channels of Hospitality IndustryThe Power of Online Travel Agencies (OTA): Results of an Online Survey on Hot...
The Power of Online Travel Agencies (OTA): Results of an Online Survey on Hot...University of Applied Sciences of Western Switzerlan Valais
油
Online distribution for the hotel industry in Germany, Austria and Switzerland (DACH) is becoming increasingly important. On average, today in the DACH region already 27% of bookings are generated electronically in real-time through online booking agencies (OTA), hotel websites, global reservation systems (GDS), central reservation systems (CRS) of hotel chains and hotel cooperation or social media platforms. This represents an estimated turnover of over 7.5 billion euros. These are some of the results of a joint survey by the German Hotel Association (IHA), the Austrian Hotel Association (HV) and the Swiss Hotel Association (hotelleriesuisse) in collaboration with the Institute for Tourism of the University of Applied Sciences Western Switzerland Valais (HES-SO Valais) in Sierre.
The hotel associations of the three countries have measured for several years now in independent surveys market shares and developments in the respective distribution channels. For the first time, a uniform data set has been established with scientific support in Germany, Austria and Switzerland in order to analyze the overall developments in hotel sales in a transnational context.
According to the study which was conducted between December 2011 and January 2012 and based on the responses of 1,400 hotels in Ger-many, Austria and Switzerland, online travel agencies (OTA) have reached a market share of 19% (D-A-CH). OTAs dominate electronic distribution with the proportion in Germany (20%) exceeding those of Switzerland (16%) and Austria (13%). The trend towards online booking channels is unbroken, while both traditional direct sales and sales generated by tourism partners (e.g. travel agencies, tourism organizations) are constantly declining.
Hotel Reservation System (HRS), Hotel.de and Booking.com are the most widely used OTAs in Germany, Austria and Switzerland. Booking.com with 43% in Austria and 53% in Switzerland is the dominant platform in these countries.
Meal plans found in hotels
Meal plans found in hotelsInstitute of Hotel Management, Hajipur, Patna, Bihar.
油
a part of the chapter on hotel room tariff. contains details on the specifics of various elements of each plan.Hospitality industry trends
Hospitality industry trendsSne転ana Simi
油
According to the World Travel & Tourism Council, the Travel and Tourism industry is currently among the largest and fastest-growing industries worldwide, forecasted to support 328 million jobs, or 10% of the workforce, by 2022.
Emerging markets - including the Middle East, Africa, Asia and the Pacific are the new tourist destinations that are increasingly drawing crowds.
15 Hotel's Revenue Mgmnt Room Rate Structure part 3 by Dino Leonandri
15 Hotel's Revenue Mgmnt Room Rate Structure part 3 by Dino LeonandriDINOLEONANDRI
油
Hotels use websites to generate direct online bookings and avoid paying commissions to third-party booking sites. Successful hotel websites are interactive, easy to navigate, provide quality information, allow for online booking, include price comparison features, maps, support for multiple languages, and links to local attractions. Websites give hotels greater control over inventory compared to other electronic booking channels.Hotel Sales & Marketing
Hotel Sales & Marketing Ottis Bunning
油
The document discusses various strategies for hotel sales and marketing. It begins by outlining key trends to understand such as guest expectations and purchasing behaviors. It also emphasizes the importance of tracking marketing program results and using appropriate distribution channels. The document further stresses having the right management team to provide excellent customer service. It provides examples of low-cost marketing tactics like flyers, brochures, and partnerships. Overall it offers guidance on comprehensively understanding customers and implementing an effective marketing strategy.Front office revenue management & its application in the hotel
Front office revenue management & its application in the hotelMudit Grover
油
Revenue management & its application in the hotel industry
Revenue Management
Revenue: Money that hotel collects from the sale of rooms or from the sales of product & services
Revenue Management: The process of examining & factoring in consumer behavior to achieve the max. amount of profit from a perishable good.
Revenue Manager: Individual responsible for decision making necessary to maximize the propertys long term RevPar.
What is Revenue Management??
It is an umbrella term for a set of strategies that enable capacity constrained service industries to realize optimum revenue from operations.
Making the very best use of product is yield management.
Therefore, yield management is the management in the terms of maximizing revenue generation and also called as Revenue Management or Revenue Enhancing Technique.
The hotels aim should be high profit business rather
than high volume business.
Objectives of Revenue Management
Role of Revenue Manager
Yield Management Team
Benefits of Yield Management
Measuring Yield
Revenue Management Tools
Revenue Management Software
Software should be much faster and more accurate.
System should be able to monitor & mange risk automatically.
Identify the dates when demand is low/high & revenue is low/high.
Software should be able to guide about the provision about the special events/festivals etc.
At last a repot to be printed suggesting about the amendments in terms of rates, occupancy, revenue etc, for maximum benefit of organization.
Conclusion
Revenue management is system that attempts to understand, anticipate and then react to consumer behavior in order to maximize profit. Therefore, a revenue manger should be able to decide a room should be sold on rack rate for a day or two would be more profitable for the same room sold at discounted rate for a longer time which is the main objective of revenue management.
Thus a yield management team should predict the demand of the rooms, allocate the right number of rooms to various market segments by using revenue management tools in order to maximize the occupancy so as
to maximize and optimize profit.
Hospitality industry growth and facts
Hospitality industry growth and factsVipin Kumar
油
The hospitality industry in India has significant growth potential. It is one of the largest industries globally and nationally, involving cooperation between multiple organizations. India has the potential to become the number one tourist destination in the world with demand for tourism growing over 10% annually. The hospitality industry's contribution to India's GDP is also expected to rise significantly by 2020. For the industry to further grow, factors such as infrastructure development, tourism policies, foreign investment regulations, and visa rules need favorable government support. The tourism and hospitality industry also relies on growth in other interconnected industries such as automobiles, IT, and agriculture.Online Travel Agent: booking.com
Online Travel Agent: booking.comPauline29
油
Booking.com targets customers aged 25 to 44 looking for leisure or business trips. It allows users to search and filter hotels by stars, amenities, and location. Users can read reviews from past travelers, view photos and maps, and book hotels directly on the site. While Expedia offers more services like flights and cars, Booking.com focuses only on hotels and provides more contextual information about nearby attractions. It aims to guide users to highly reviewed hotels and shows recent bookings of searched properties.consumer behavior in tourism
consumer behavior in tourismrustambek19982307
油
This document discusses consumer behavior and consumer research in the context of tourism. It begins by defining consumer behavior as the activities people undertake when obtaining, consuming, and disposing of products and services. It notes that consumer behavior is influenced by both consumer factors like culture, personality and life stage as well as organizational factors like advertising, price and product availability. The document then discusses various methods used in consumer research like observation, interviews, surveys and experimentation. It emphasizes the importance of studying consumer behavior for understanding economic and marketing impacts. Overall, the document provides a high-level introduction to key concepts in consumer behavior and research methods used to study it.Yield management
Yield managementMohit Khatrii
油
This document discusses the concept of yield management in the hotel industry. It begins by defining yield management as a technique used to maximize room revenue by adjusting room rates based on supply and demand. It then explains how yield management originated in the airline industry for perishable assets and has expanded to other industries like hotels. The document covers key aspects of a hotel yield management system including capacity management, discount allocation, and duration control to optimize room prices and revenue. It provides examples of formulas used to calculate metrics like potential average rates, achievement factors, and yield.ROOM TARIFF IN HOTEL
ROOM TARIFF IN HOTEL indian chefrecipe
油
Factors Affecting Hotel Room Tariff
Establishing The End of the Day
Fixed check-in/chek-out bais-24hrs,night bais
Room rate Designations
MEal plans
Room Tariff card,broucher and its importance
Room tariff fixation-cost based ,Rule of thumb vs Hubbart formula and competiton based ,market based and demand based
Distribution channels
Distribution channelsSurya Pratap Singh
油
This document discusses distribution channels in the hospitality industry. It begins by defining distribution and describing how it relates to the marketing mix elements of place and price. It then discusses how distribution has evolved with revenue management and internet marketing. It describes different types of distribution channels and intermediaries involved in getting customers to products. It discusses challenges like costs, technology changes, and managing diverse inventory. The goal is to optimize revenue through selling the right product to customers using the right distribution channel.Reservations
Reservationsheyiamsherline
油
To assist guests with reservations and ensure rooms are available as needed.Modes of payment in hotel
Modes of payment in hotelbhavanideepika
油
Modes of Payment in Hotel
Credit card :-
Debit card :-
Travelers cheque :-
Personal cheque :-
Company Accounts :-
Possibilities include credit cards, direct billing (bill - to - account), cash or personal check, traveler's checks, or debit cards. During checkout, the guest confirms the method of payment. Today's business and pleasure travelers usually pay with a credit card.
Payment method types
Credit Cards. As a global payment solution, credit cards are the most common way for customers to pay online. ...
Mobile Payments. ...
Bank Transfers. ...
Ewallets. ...
Prepaid Cards. ...
Direct Deposit. ...
Cash.Hotel Management Course - Revenue management Concepts
Hotel Management Course - Revenue management Concepts Manish Gupta
油
This short course will explain the basic fundamentals of hotel's revenue management. Objectives, process and practices. You can subscribe the course at https://goo.gl/ufSuqN or visit our website www.ehotelmanagementschool.comTimeshare, Condominium & Referral Chains
Timeshare, Condominium & Referral Chains Institute of Hotel Management, Hajipur, Patna, Bihar.
油
This document provides an overview of timeshare concepts. It defines timeshare as a form of vacation ownership where multiple parties hold rights to use the same property for allotted periods. It discusses the main types of timeshare ownership including deeded, leased, and points-based systems. Key factors that determine timeshare prices like location, season, unit size are outlined. The benefits of timeshare like larger accommodations and exchange options are also summarized.Hospitality Industry Overview
Hospitality Industry Overviewwww.technofunc.com
油
The document provides an overview of the hospitality industry. It defines hospitality as the practice of being hospitable and welcoming to guests through accommodations, travel services, and entertainment. The hospitality industry includes hotels, resorts, restaurants, clubs, conventions, attractions, and other services for travelers. Hospitality management refers to both the management of organizations within the hospitality industry as well as the academic study of managing these services and businesses. The document outlines different sectors within hospitality including tourism, hotels, events, conventions, and resorts. It also classifies hotels based on services, themes, and target markets. Key departments that support the hospitality industry are identified as housekeeping, front desk, food and beverage, engineering, health and securityTour Operations Assignment 3 p3 information
Tour Operations Assignment 3 p3 informationgarside15
油
You must describe the functions of tour operating, with examples of how they are carried out, covering the full range prescribed for planning, selling, administration and operations. Timescales and commercial considerations should be evident within the descriptions.Planning & Evaluation Front Office Operation
Planning & Evaluation Front Office OperationChandanBhagat14
油
Forecasting is a technique that uses historical data as inputs to make informed estimates that are predictive in determining the direction of future trends. Businesses utilize forecasting to determine how to allocate their budgets or plan for anticipated expenses for an upcoming period of time.
The Power of Online Travel Agencies (OTA): Results of an Online Survey on Hot...
The Power of Online Travel Agencies (OTA): Results of an Online Survey on Hot...University of Applied Sciences of Western Switzerlan Valais
油
Similar to OTA Models (11)
To OTAs or not to OTAs
To OTAs or not to OTAs Theodoros Theodoropoulos
油
This document discusses the pros and cons of online travel agency (OTA) bookings versus direct bookings on a hotel's own website. It outlines some of the benefits OTAs provide like increased traffic and easy booking processes, but also notes their high commission fees between 10-25%. Direct bookings allow hotels to keep more profit without commissions, but require investment in website development, marketing, and sales tools. The document concludes that hotels should aim to balance bookings between OTAs and direct channels to maximize revenue and drive more traffic to their own sites through the visibility OTAs provide. Maintaining the right cost of sales and balancing spend across channels is important to achieving an optimal outcome.Yield management - Front office
Yield management - Front office Amit Vohra
油
Preseantion on yield management- front office notes
What is yield management. what does yield depend on Optimizing Distribution Channels for Independent Hotels
Optimizing Distribution Channels for Independent HotelsNancy Huang
油
Webinar with OTA Insight and Travel Tripper. Video available at https://youtu.be/W7Zv07XO7Ys
----
The increasing complexity of the online distribution landscape and the ever-changing behavior of consumers presents new challenges to hotel revenue managers every year, especially for independent hotels. How do you find the optimal channel mix for your hotel? How can you ensure that you're making the most out of each channel? And what data should be driving your decision making?
In this webinar, experts from Travel Tripper and OTA Insight will do a deep dive into optimizing the independent hotels distribution mix, including important strategies for managing OTA, metasearch, and direct booking channels. Youll learn about:
- Driving bookings more effectively through price monitoring and management
- Using smarter analytics to optimize channel performance across OTAs and metasearch sites
- Optimizing your website to compete effectively for direct bookings
- Developing geographic marketing strategies
- The importance of content parity as well as rate parity
- Being competitive on metasearch and deciding on budgets, channels, and markets for your property
- Developing the right attribution models to measure successYield Revenue Management
Yield Revenue ManagementGurunanak institute of hotel management
油
Introduction of Yield Management
Elements of yield management
Application of Yield Revenue Management
Hotel Booking Opportunities
Hotel Booking Opportunitiesahumnicki
油
The consumer has evolved over the past 10 years and is now more value-focused due to decreased incomes during the economic crisis. Hotels face increasing competition and a need to maximize occupancy rates and loyalty. Various online booking options exist, including hotel websites, OTAs like Expedia, and auction sites like Priceline. For independent hotels with less marketing budgets, mobile apps, auction sites, and social media are better options than OTAs or direct websites.Predicting hotel booking cancellations
Predicting hotel booking cancellationsMatthewMerrill14
油
Data science project aimed at predicting hotel booking cancellations from the moment of booking. Data represents booking information form two hotels in Portugal. Results suggest lead time, market segment and average daily rate as some of the important predictors. Hotel Booking Engine.pptx
Hotel Booking Engine.pptxAnnaFaris2
油
Flightsreservationsystem provides Hotel Booking Engine, Hotel Software, Hotel Booking System to travel agencies, tour operators, and travel companies globally. For more details, please visit our website: https://www.flightsreservationsystem.com/hotel-booking-engineHow to make Headless Commerce Strategy.
How to make Headless Commerce Strategy.Aureate Labs
油
Headless Commerce and PWA define future-proof opportunities for retailers as both of the technology enhancement deliver faster site speed. This builds an omnichannel strategy to make the customer experience better and also helps in achieving Return on Investment, as an effective result.
This form of technology adoption will also help businesses to develop increasing engagement with customization available for content, products, and similar resources.SEO (Search Engine Optimization) For Hotels
SEO (Search Engine Optimization) For HotelsOmnePresent
油
The document discusses SEO strategies for hotels. It recommends identifying target keywords using keyword tools, optimizing websites for those keywords, and structuring websites simply with neat, informative content. Titles and URLs should include keywords. Social media is important for customer behavior in hotels. Analyzing competition and using paid advertisements can boost visibility. Google Hotel Finder indexes hotel websites, so ensuring organic SEO can aid rankings there. The overall strategies focus on keywords, content, and online visibility across search and third-party sites.Hotel booking opportunities
Hotel booking opportunitiesakram75015
油
The document discusses different opportunities for booking hotels, including brand portals which allow customers to view all hotels of a particular brand in one location, official hotel websites which provide photos and details about individual hotels, and online travel agencies that allow comparison of prices and special packages across many hotels. It also mentions reverse auction sites that show the best value for price in a given area, social networks that contain customer reviews, and mobile booking applications for their convenience.WEBINAR - How to Select a Hotel Revenue Management System
WEBINAR - How to Select a Hotel Revenue Management SystemDuetto
油
Hospitality revenue management has gone from being an evolving practice with uncertain financial upside potential to being a strategic imperative with predictable revenue outcomes. Indeed, when properly executed, it can deliver surprisingly large increases in revenue growth and profitability for practically any hotel property, regardless of size or category. Given all that, its no wonder that hotels and resorts across the board are coming to embrace the technology solutions that enable next-generation revenue management with unprecedented zeal. Yet, implementation of the right solution is only half the battle, and getting from here to there can be a daunting task for even the largest, most sophisticated hoteliers.Recently uploaded (20)
C-Suite Pension Strategies response - FRCs Consultation on Technical Actuaria...
C-Suite Pension Strategies response - FRCs Consultation on Technical Actuaria...Henry Tapper
油
From William McGrathJatin Mansata - A Leader In Finance And Philanthropy
Jatin Mansata - A Leader In Finance And PhilanthropyJatin Mansata
油
Jatin Mansata is a financial markets leader and teacher with a deep commitment to social change. As the CEO and Director of JM Global Equities, hes recognized for his acumen for derivatives and equities. Beyond his professional achievements, Jatin mentors 500 students, empowering them with financial knowledge.Illuminati agent in Kampala Uganda +256788065400/0701593598
Illuminati agent in Kampala Uganda +256788065400/0701593598talemwan81
油
Illuminati agent in Kampala Uganda +256788065400/0701593598CCleaner Pro 6.33 Crack + Key Free Download 2025
CCleaner Pro 6.33 Crack + Key Free Download 2025kortez3
油
Direct License file Link Below https://up-community.net/dl/
CCleaner Pro Crack is the industry-leading system optimization tool trusted by millions to clean, optimize, and protect their computers.Borderless Access Global - B2B Panel Book 2025
Borderless Access Global - B2B Panel Book 2025Borderless Access
油
Borderless Access gobal B2B panel book gives you complete information of our B2B panel capabilities our B2B panelists are passed through rigorous authentication process to ensure genuine responses for actionable insights Request B2B panel book.An overview of the ITR-U eligibility file filing process under the 48-month e...
An overview of the ITR-U eligibility file filing process under the 48-month e...SAG Infotech
油
A summary of income tax filing recommendations for Finance Minister Nirmala Sitharaman in the 2025 budget suggests extending the time allowed to submit amended Income Tax Returns (ITRs) from two years to four years. This change would provide taxpayers with additional time to correct any inaccuracies, report previously undisclosed income, and comply with tax regulations. An updated tax return, which can be filed under Section 139(8A), enables taxpayers to rectify any omitted or incorrect income declarations. https://sag-infotech.mozellosite.com/blog/params/post/4809898/file-itr-u-48-month-extensionTriStar Gold Corporate Presentation March 2025
TriStar Gold Corporate Presentation March 2025Adnet Communications
油
TriStar Gold Corporate Presentation March 2025Real Illuminati agent in Kampala Uganda +256789951901/0701593598
Real Illuminati agent in Kampala Uganda +256789951901/0701593598removed_43fc2846aef7ee8f2a43e6bb3648f7c3
油
Real way of Illuminati in Kampala Uganda +256789951901/0701593598Cloud & the AI Whirlwind - trends, industrial revolutions, how did we get her...
Cloud & the AI Whirlwind - trends, industrial revolutions, how did we get her...David Terrar
油
This is my presentation from 13/3/2025 at the Cloud & Infrastructure Keynote stage within Tech Show London at the Excel. We are in this new era of AI where the velocity of change is hard to imagine. This talk takes a step back to look at how we got to this whirlwind of AI and tech evolution in terms of history, trends, 5 industrial revolutions, and 3 waves of the Internet. The aim is to help you navigate where to go next, and my recommendation that you embrace AI (to stay ahead of your competitors). It gives you my recommendation of the 5 technology areas you need to focus on now and next. Then in terms of AI transformation, it offers 5 steps to help you change mindset to think beyond yesterday's logic. It shows my way of framing or reframing your approach in terms of leadership, business outcomes, team and employee engagement, and storytelling. The human factors, and business value, rather than starting with technology.Ievgen Miasushkin: 亟 舒亶仗 亟仂 亞仗亠舒于仂仄舒亳亰舒: 亰仆亠-仂仆仂于舒仆亳亶 仍...
Ievgen Miasushkin: 亟 舒亶仗 亟仂 亞仗亠舒于仂仄舒亳亰舒: 亰仆亠-仂仆仂于舒仆亳亶 仍...Lviv Startup Club
油
Ievgen Miasushkin:
亟 舒亶仗 亟仂 亞仗亠舒于仂仄舒亳亰舒: 亰仆亠-仂仆仂于舒仆亳亶 仍 亟仂 AI-舒于仂仄舒亳亰舒 弍舒仆从于从仂仄 亠从仂 (UA)
Kyiv AI & BigData Day 2025
Website https://aiconf.com.ua/kyiv
Youtube https://www.youtube.com/startuplviv
FB https://www.facebook.com/aiconfTaylor Swift The Man Music Video Production
Taylor Swift The Man Music Video Productioneclark941
油
For my school project, I analyzed Taylor Swift's "The Man" music video. I explored how it critiques gender inequality by depicting Taylor Swift as a man to highlight the double standards and societal expectations placed on men and women. The video uses satire and symbolism to comment on issues of power and privilege
VideoProc Crack With Activation Key {2025}
VideoProc Crack With Activation Key {2025}hilexalen1
油
COPY & PASTE LINK>>>>https://dr-up-community.info/
VideoProc Converter AI 2025 is a renowned video editing application for video enthusiasts designed to help them edit, convert, compress, resize and adjust 4K UHD videos, DVDs and music. PHX_Investor_Presentation_March 2025 _ VF.pdf
PHX_Investor_Presentation_March 2025 _ VF.pdfPanhandleOilandGas
油
PHX Investor Presentation March 2025 Final
Transfer API | Transfer Booking Engine | Transfer API Integration
Transfer API | Transfer Booking Engine | Transfer API Integrationchethanaraj81
油
FlightsLogic is a leading油travel technology company油offering油Transfer API油and other services to the travel market. By integrating your travel website with our transfer API, you can take benefit of various international transfer services from airports, hotels, resorts, cars, etc. Our Transfer API comes with full documentation with technical support and it supports both B2C and B2B solutions. With the transfer API solution developed by FlightsLogic, the user can easily book their transport from the airport to the travel place. For more details, pls visit our website: https://www.flightslogic.com/transfer-api.php
Lundin Gold Corporate Presentation March 2025
Lundin Gold Corporate Presentation March 2025Adnet Communications
油
Lundin Gold Corporate Presentation March 2025
Dmytro Kuzmenko: Potential of Vision-Language-Action (VLA) models (UA)
Dmytro Kuzmenko: Potential of Vision-Language-Action (VLA) models (UA)Lviv Startup Club
油
Dmytro Kuzmenko: Potential of Vision-Language-Action (VLA) models (UA)
Kyiv AI & BigData Day 2025
Website https://aiconf.com.ua/kyiv
Youtube https://www.youtube.com/startuplviv
FB https://www.facebook.com/aiconfReal Illuminati agent in Kampala Uganda +256789951901/0701593598
Real Illuminati agent in Kampala Uganda +256789951901/0701593598removed_43fc2846aef7ee8f2a43e6bb3648f7c3
油
OTA Models
- 1. Online Travel Agent (OTA) Models by Pranalee Rokde
- 2. OTA OTA stands for Online Travel agent Acts as 24/7 appointed salesman for hotel One stop solution for all hotel bookings for end customer Comparison engine for end customer
- 3. OTA Models Merchant Model Agency Model
- 4. Merchant Model Contract between OTA and hotels to sell base number of rooms Usual margin for OTA is 20-30% due to bulk purchase Depending upon contract OTA may not be obliged to sell all rooms e.g. Expedia, Agoda
- 5. Agency Model Commission based model - per room sold Hotel owner decide final selling price to customer e.g. Booking.com
- 6. Advantages of Merchant Model Good bargain power due to bulk purchase leading to higher profit margin Can select rooms usually preferred by customer OTA can package hotel with other offers such as flight/car
- 7. Disadvantages of Merchant Model May not be preferred by hotel owner due to huge profit margins of OTA May need bulk investment if contract is prepay payment to hotel Rapid expansion with multiple hotels becomes difficult due to heavy investment and contract involved
- 8. Advantages of Agency Model No upfront huge capital investment is required Preferred by hotel owners due to more control over final selling price As its easy to collaborate with many hotels, end customer gets wider choices
- 9. Disadvantages of Agency Model Less bargaining power for OTA Less profit margins for OTA Can not be packaged with other offers
- 10. Thank you