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What is Price Segmentation

Revenue Hub

This is where price segmentation comes in. One of the first uses of price segmentation was in the airline industry during the early 1980s. Over the years, variable pricing has become almost exclusively automated, and many additional features have been introduced. PRICE SEGMENTATION. IMPACTS OF PRICE SEGMENTATION.

Pricing 97
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Revenue Managers: Yes It’s a Seller’s Market But Don’t Get Greedy

Revenue Hub

In response to the post-pandemic demand surge and faced with constricted inventory due to labor shortages, rising supply costs, and other challenges, hoteliers pushed their prices back to pre-pandemic levels in record time. Sources predict that hotels’ pricing power will remain strong. Why do we do this? Our demand dried up.

Marketing 109
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The Museum Hotel in Oxford brought to market for £2.75m

Hotel Owner

The 10-bedroom Museum Hotel in Oxford city centre has been brought to market with a guide price of £2.75m. The business is owned by Zeshan Shah, who purchased the property in 2013. The historic property, built in 1594, trades as a prominent high street hotel, and is positioned on St Aldates in the heart of Oxford city centre.

Marketing 100
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How AI Will Save the Restaurant Industry

Modern Restaurant Management

As self-driving cars increasingly take over the market, other industries will have to adapt. Restaurants will likely increase their marketing presence in areas such as the screens in autonomous vehicles. This kind of predictive technology can be used by restaurants in so many ways: to manage inventory, staffing, menu pricing, and more.

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Lenders focus on cash flow metrics

Hotel Business

RobertDouglas conducts its annual lender survey to measure the current state of financing market conditions and ascertain critical future expectations through the lens of the specialist hospitality lending community.

Pricing 111
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How Cognitive Biases Impact Hotel Revenue Management

Revenue Hub

In hotel revenue management, this can occur if managers set room rates based on initial figures without adjusting for changes in demand or market conditions. In revenue management, managers might focus on data that confirms their existing beliefs about pricing strategies or market trends, ignoring contradictory evidence.

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Lakeland guest house sold to new owners

Hotel Owner

A six-bedroom Victorian guest house in Bowness-on-Windermere has been sold on lease to new owners from an asking price of £165,000. The sale of The Bay House highlights the ever-growing confidence in the hospitality market in the Lake District.

Pricing 105