Remove 2000 Remove Pricing Remove Reservations
article thumbnail

AAA: 55.4M Americans expected to travel for Thanksgiving

Hotel Business

over last year and marks the third-highest Thanksgiving forecast since AAA began tracking holiday travel in 2000. Holiday booking prices This holiday season, travelers are generally paying less for domestic trips compared to last year and more for international vacations. The average price for an international flight is $1,231, down 5.7%

Pricing 102
article thumbnail

A history lesson in revenue management and the top challenge facing today’s hotels

SiteMinder

Revenue managers, as a result, have been tasked with the critical role of delivering effective pricing and distribution strategies amid evolving trends and market demands, no matter the economic climate. A revenue manager who thinks they are indispensable because they can change pricing daily is a revenue manager living in the past.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Hidden Profit Potential of the Hotel Breakfast

Revenue Hub

Booking.com even places the information on the score and quality of breakfast in close contact with the button “I’ll reserve.” Its presence can encourage the user to reserve. Over the past 15 years, Franco Grasso Revenue Team has worked with around 2000 hotels. Guests come to a hotel for many reasons.

article thumbnail

Revenue Management Evolution: From Intuition to Data Driven Decisions

Revenue Hub

Those early days saw Reservations or Front Office people, moved to a back office, given three screens and a mug of coffee and told not to come out until they had ‘yielded’. As an industry we bred a generation of statisticians who relied heavily on intuition and a mountain of excels spreadsheets.

Article 104
article thumbnail

Maximize Profits: Don’t Overlook Breakfast as a Revenue Booster

Revenue Hub

Booking.com even places the information on the score and quality of breakfast in close contact with the button “I’ll reserve.” Its presence can encourage the user to reserve. Over the past 15 years, Franco Grasso Revenue Team has worked with around 2000 hotels. Guests come to a hotel for many reasons.

article thumbnail

Hotel financial statements: What are they and how to read them

SiteMinder

Marketing & pricing: Analysing financial statements can indicate whether your hotel’s marketing and pricing strategies are bringing in enough revenue, and whether you need to adjust your approach. This can be helpful for: Setting prices for your rooms or services (to maintain a healthy profit margin). Guest Reservations.

Pricing 72
article thumbnail

TripConnect: Everything you need to know (FAQs)

SiteMinder

Table of contents History and development of TripConnect TripAdvisor launched into the market in 2000. Once the reservation is complete, the booking details are passed to you via your connectivity partner. Any reservation through TripConnect instant booking is delivered directly to your PMS or CRS and you hold the record for the sale.

Book 52