http://www.wiredhotelier.com/news//4029577.html

GALILEO LAUNCHES MULTI-CURRENCY RATE DISTRIBUTION FOR HOTELS

All hotels which use Galileo, a Global Distribution System(GDS), have now access to multi-currency rate distribution.
It enables these hotels to get their rates in different currencies, and therefore to tailor adapted prices for specific markets. It means that these hotels adopt certain prices for certain customers, it depends on the nationality and customers' requirements. This system enables to grow the hotelier market.
This new functionality is also important in the fight against fluctuating exchange rates which compell hotels to introducing their prices in a stable currency, then it can make these hotels not really attractive for native people.

As far as I'm concerned, this sytem is really interesting because it enables hotels to provide for a range of certain services and products according to certain customers, and then adapt also prices to nationalities because we know that certain foreigners are willing to pay a lot for certain services.

http://www.wiredhotelier.com/news//4029528.html

BOOKING

The word "booking" characterizes an hospitality industry.

Nowadays, the fact of enabling customers to book rooms online is really important for hotels' business.
For hotels, this technic enables them to get more customers, and to grab more room bookings.
And for customers, this online system enables them to book their rooms when they want, to be served really quickly, no more waiting, and to feel more secure.
Moreover hotels have to optimize their website, it means to arrange their data in storage so that a minimum amount of machine time is spent for access when data are called out. They have also to be more accessible for certain search engines.
Furthermore the plus of online booking system is that hotels don't pay commission fee.

For me, this online booking system is really useful and interesting for hotels' business. They get some benefits, and they can increase the number of target customers.

http://www.wiredhotelier.com/news/154000469/4029355.html


REVENUE MANAGEMENT AND PACKAGING STRATEGY


This article deals with the "revenue management and the packaging strategy"...

The packaging consists in offering specific products and services to your hotel's customers, for instance, a show ticket or food and beverage delights, etc... It has to be adapted to the specific needs of your clients. For instance, families are to be more sensitive to an attraction park ticket than business people.
There are 2 types of components:
_ internal components of the packaging, which are items made and controlled by the hotel such as a cocktail, the transportation from airport to hotel...
_ external components of the packaging, which include hotel's items and external products, that the hotel has to negotiate with external operators, such as as show ticket...

The main purposes of the packaging are:
_ to create "the perception of the value" which means if your customers are satisfied by your products and services, they don't take firstly into account the price but the quality of your services,
_ to sell your available rooms,
_ to maximize hotel's revenue.

To conclude, we we can underline the importance of the packaging. A luxurious hotel is not only a place where travellers can sleep, therefore the hotel has to provide them the quality of its services and products.
The packaging takes a part of the quality of a hotel's services and it has to enable its clients to feel unique because you have answered to his specific needs, therefore the customer will come back in the hotel...It's really important to fidelize customers for the success of the hotel.
The packaging also enables your hotel to get a plus in comparison with your competitors...

http://www.wiredhotelier.com/news/154000470/4029347.html

AMADEUS AND PAR SPRINGER-MILLER SYSTEMS UNITE TO PROVIDE HOTELIERS WITH REVENUE MANAGEMENT SOLUTION

This article deals with Amadeus, a GDS, and PAR Springer-Miller Systems, a leading provider of hospitality management solutions, which have formed a technology partnership.

Thanks to this partnership, they hope to create an intelligible system that can permit hoteliers to manage easily their property and increase their revenues. Generally speaking, hoteliers' goal is to make money, then this sytem enables them to manage fastly their property and therefore to make their hotel business profitable.

This system also offers hoteliers the best experience concerning the business management.

Eventually, this system also allows hoteliers to provide their clients the best service.