Your property management system must include a valued partner

When selecting a hotel property management system (PMS), one of the most important decisions hoteliers must make is who will be the technology vendor that provides their new PMS technology.  Many factors will contribute to their final selection, but operators should seek a vendor that understands the…

Why global distribution and revenue management are essential to hotel management

“Global distribution” describes the network of channels that connect hotels with travelers and allows them to showcase their available rooms and rates through online travel agents (OTA), such as Hotels.com and Booking.com. Global distribution is essential for hotels that are looking to attract more…

Benefits of a new hotel property management system

Purchasing a new hotel property management system (PMS) is a major decision for independent hotel operators.  Though a new PMS will allow for streamlined operations, improved financial performance and easier delivery of guest hospitality, modifying existing routines and practices will always cause operators…

Mobile booking engines are shifting the hotel industry

Many hotels are experiencing great financial performances as the industry rebounds from the crippling 2009 economic downturn.  But as bookings and revenue have increased over the past several years, new developments in the way personal technology is adapting to fit consumer lifestyles is strongly impacting…

Identifying the core functions of a hotel property management system

As independent hotel owners and operators work through the selection of a new hotel property management system (PMS), they will reach a point where they must sort through the various systems and vendors found in the market.  Each PMS provides hotels with different features and benefits, so operators…

What independent hoteliers should expect from a new property management system

In the beginning stages of selecting a new property management system (PMS), independent hoteliers often become overwhelmed by the amount of information they must sort through to identify the various systems in the marketplace.  Many systems appear similar, but after comparing their functionality, features…

Why independent hoteliers are purchasing new property management systems

The hotel industry is currently experiencing success not witnessed since the mid-2000s.  With positive results forecasted for the industry’s most important performance indicators, such as Occupancy, Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR), independent hoteliers are deciding…

How to utilize your hotel management system to capitalize on the U.S. hotel industry's momentum

In July, the United States hotel industry achieved historic, never-before-seen results.  Highlighting STR’s most recent U.S. hotel industry performance review, Jan Freitag, senior VP of strategic development, noted:“Hotels in July saw the strongest demand of a single month ever, selling 113…

Prepare for the future today with your hotel management software

As we have discussed recently, the hotel industry is experiencing great success that is expected to continue in 2015.  Alongside operational performance results, hotel pipeline metrics are widely considered strong indicators of the industry’s overall health.  In STR’s U.S. Hotel Pipeline July Report,…