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How GenAI Reinvents Revenue Management

Revenue Hub

Unlike traditional methods that rely on static pricing models and siloed data, gen AI introduces a dynamic and highly adaptable approach to decision-making. It requires balancing multiple variables – market demand, competitor pricing, seasonal trends, and customer preferences – to make informed decisions.

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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.

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Hills Collide opens in Adelaide Hills

Hospitality Magazine

Hills Collide will continue to produce its own products, including wine, vermouth and gin, ensuring good quality at affordable prices. Ettridge has been in hospitality for over 20 years, managing bars and restaurants across Adelaide and the UK before opening Proof Wine Bar in 2013. The pair brings a host of experience to the venture.

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The Mille Club: Learning from a Luxury Airline

Larry Mogelonsky

Just for perspective, a round trip in Emirates first class from Dubai to Toronto, where we call home, is roughly the price of a new Toyota Corolla. What do you get for this price? At this four-digit price threshold, guest expectations jump disproportionally to single-digit price moves. So, what can hotels learn?

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Gear Up for Mahakumbh Mela 2025: Winning Strategies for Hoteliers to Attract and Delight Pilgrims

eZee Absolute

Known for its immense cultural, economic, and spiritual significance, the Mahakumbh is expected to draw over 30 crore (300 million) visitors, surpassing the attendance of the previous Maha Kumbh in 2013, which hosted around 24 crore people . During the 2013 Maha Kumbh, the event generated approximately 12,000 crore ($1.45

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US extended stay RevPAR declines for first time in three years

Serviced Apartments

Lower priced extended-stay hotels led the decline but economy and mid-price segments made gains relative to corresponding classes of all hotels. per cent decline in extended-stay hotel RevPar in Q1 2024 (compared to the same period in 2023) was the first contraction since RevPar started rising in April 2021. per cent) than all hotels.

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The Stages of Gentrification, as Told by Restaurant Openings

EATER

A key component of gentrification, which distinguishes it from revitalization, is the demographic shift that happens when newer, more expensive development attracts wealthier newcomers, often young professionals, who then price out the community’s original residents. 1-CHART COMPARING COFFEE SHOPS TO GROWTH IN GENTRIFICATION/DEMOGRAPHICS].

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