Articles tagged “the data snap”

Outstanding payments for hotel commissions tend to peak in the fourth quarter — just as the travel business hits its most volatile period. Using analytics and strategies that allow commissions to be paid as quickly as possible can help hotels avoid year-end backlogs, simplify their financial reporting, and improve relationships with their partners.

Increased occupancy rates for cities hosting campaign stops in advance of the 2024 U.S. Presidential election did not proportionally translate to higher hotel prices. This unexpected trend invites further examination into how hotels and agencies can analyze data to set up smart, dynamic pricing strategies for one-time events.

Managing agency commissions through a centralized funding structure can help hotels speed up payments and reduce errors, leading to fewer inquiries. This streamlined process not only improves how efficiently hotels operate but also helps build stronger relationships with agencies.

Timely commissions form a critical foundation for productive partnerships between hotels and travel agencies. Deploying the fastest, most reliable funding methods reduces administrative workloads and banking fees and also improves supplier-vendor relationships.

Cancellations and no-shows for hotel reservations tend to be higher in summertime, which can significantly impact revenue for hotels and travel management companies (TMCs). Slicing and dicing data more granularly leads to better forecasting and may reduce potential revenue losses.

The second installment of “The Data Snap” article series examines an unusual market trend: Hotel rates are on the rise while agency commissions are stabilizing. This shift is driving travel companies to reevaluate which measurements they’re using to forecast revenues.

Introducing “The Data Snap,” a monthly article series that will paint a clearer picture of the dynamic hotel booking landscape, empowering hotels and agencies to make data-driven decisions that help them build productive partner relationships and drive more revenue. Be sure to check back next month for the newest installment of the series.