Articles tagged “the data snap”

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Partnerships

From Speed to Satisfaction: How Commission Funding Structures Impact Hotel-Agency Relationships

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.

Onyx CenterSource + Skift | 2 weeks ago

From Speed to Satisfaction: How Commission Funding Structures Impact Hotel-Agency Relationships
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Partnerships

Fast Funding: The Critical Role of Timely Commissions in Hotel-Agency Partnerships

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.

Onyx CenterSource + Skift | 2 months ago

Fast Funding: The Critical Role of Timely Commissions in Hotel-Agency Partnerships
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Hotels

Summer Travel’s Hidden Hurdle: The Impacts of Cancellations and No-Shows

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.

Onyx CenterSource + Skift | 3 months ago

Summer Travel’s Hidden Hurdle: The Impacts of Cancellations and No-Shows
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Hotels

Rising Hotel Rates Don’t Always Mean Rising Commissions

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.

Onyx CenterSource + Skift | 4 months ago

Rising Hotel Rates Don’t Always Mean Rising Commissions
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Hotels

Minding the Gaps: Reconciling Discrepancies in Hotel Booking Data

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.

Onyx CenterSource + Skift | 5 months ago

Minding the Gaps: Reconciling Discrepancies in Hotel Booking Data