Revenue Hub

JANUARY 6, 2025

NetRevPAR takes the traditional RevPAR (Revenue per Available Room) metric a critical step further by accounting for all customer acquisition costssuch as distribution fees, marketing spend, and transaction charges. NetRevPAR: Moving Beyond Top-Line Revenue What it is ? High commissions or excessive discounting might erode net profits.

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Revenue Hub

JANUARY 24, 2025

Were talking about the kind of moves thatll have your competitors scratching their heads and your accountant doing a happy dance. Its about understanding that a hotel room isnt a static product with a fixed price tag. Its a dynamic asset that canand shouldfluctuate in price based on a whole slew of factors. Sounds simple, right?

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Pricing Article Marketing Book 108

Hotelogix

APRIL 4, 2025

Remember the days when booking a hotel meant flipping through glossy brochures or spending hours on the phone? Well, those days are long gone, and in 2025, the hotel booking game has reached a whole new level of sophistication. Ready to become a hotel booking wizard? Keep your eyes peeled for these flexible pricing options !

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Revenue Hub

DECEMBER 5, 2024

Knowing where to list your hotel and the prices to charge can be tricky, especially for busy operators of small, independent properties. Here we explain the essentials of hotel distribution and pricing. Online travel agencies (OTAs): These are websites where travelers book accommodations and other travel services.

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Pricing Book Article Reservations 109

Hotelogix

FEBRUARY 17, 2025

Introduction: The Hidden Revenue Killer for Hotels Did you know that hotels utilizing a mix of OTAs, metasearch engines, and direct booking strategies experience significantly higher revenue growth than those relying on a single channel? Direct Booking Platforms - the hotel website and booking engine.

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Book Pricing Marketing Accounting 100

Revenue Hub

MAY 21, 2024

While this is a significant part of our role, it’s easy to overlook the in-depth analysis that underpins each pricing decision to get to the sticker price. If you get too fixated on solely pricing, it can be very easy to lead your hotel astray and deliver sub-optimal revenue outcomes. A big event is announced.

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Pricing Article Book Accounting 109

SiteMinder

MARCH 23, 2025

Bangkok, Thailand Thailands Songkran festival has cemented itself as a drawcard for international travellers, with overseas guests now accounting for 86% of scheduled hotel check-ins between 10-17 April. Hotels in Koh Samui have marked the longest average booking lead time at 109 days, reflecting a 33% increase from last years 82 days.

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Book Travel and Tourism Scheduling Reservations 52

Revenue Hub

OCTOBER 1, 2024

As a hotelier, one of the most critical aspects of revenue management is setting the right prices at the right times. This is where a seasonal pricing strategy comes into play. We explore what a seasonal pricing strategy is, why it’s essential, and how you can effectively implement it in your hotel.

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Pricing Special Events Article Book 109

Revenue Hub

NOVEMBER 29, 2024

Direct Influence on Revenue Streams Sales drive immediate revenue through bookings and long-term contracts. Revenue Management ensures that pricing strategies align with market demand to optimize income. Marketing expands the hotel’s reach, attracting new guests and encouraging repeat visits.

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Strategic Planning Document Article Marketing 109

Revenue Hub

APRIL 24, 2024

Efficient hotel pricing strategy is a must-have for today’s hoteliers to increase their overall profitability. Hotel revenue managers should understand various aspects including distribution mix, demand forecast, competition pricing and consumers’ buying trends, etc. to manage pricing more effectively and to increase hotel profit.

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Pricing Book Accounting Marketing 106

Revenue Hub

SEPTEMBER 13, 2024

Open Pricing provides you with the ability to yield room types based on demand. NB: This is an article from Duetto Subscribe to our weekly newsletter and stay up to date All prices in a BAR concept are fixed modifiers off each other, either at a dollar mark or as a percentage discount.

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Pricing Accounting Article Marketing 102

Revenue Hub

JULY 4, 2023

NB: This is an article from WebRezPro But as inflation and high flight prices persist, the revenge travel surge may start to wane. As the cost of living continues to rise, so will travelers’ price sensitivity. Keep reading for ideas… Value-added packages Attract price-sensitive guests by offering added value.

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Pricing Reservations Property Management Article 97

Hotelogix

OCTOBER 24, 2024

Be it F&B costing, giftshop, materials management, maintenance management, financial accounting management or HR & Payroll management, a Hotel PMS streamlines everything across all the departments. It analyses several factors including demand, season, occupancy forecast, and competitor pricing, etc.

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Book Server Reservations Property Management 130

SiteMinder

JANUARY 8, 2025

By diversifying their distribution channels, hotels can reduce dependency on direct bookings and ensure a steady stream of revenue. Increase bookings and overall hotel revenue Bed banks help your hotel fill unsold inventory, especially during low seasons. WebBeds is known for its extensive reach and competitive commission structures.

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Book Blog Catering Marketing 96

Revenue Hub

MARCH 29, 2023

With the right approach and the right pricing strategy, rate parity can actually be a great opportunity to enhance your guest experience and generate increased ancillary revenue streams for your hotel. Where hotels are able to offer OTAs discounted prices provided they don’t do it publicly. What is rate parity? Narrow rate parity.

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Pricing Accounting Book Reservations 93

Revenue Hub

FEBRUARY 18, 2025

Before diving into these criteria, it’s important to note that while the Uniform System of Accounts for the Lodging Industry (USALI) does include segments for financial reporting, these are designed solely for accounting purposes.

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Travel and Tourism Accounting Article Book 91

Revenue Hub

JANUARY 27, 2025

Todays advanced measurements take into account both operational costs and revenue streams beyond rooms. We also provide weekly 21-to-28-day forecasts and daily pickup reports to keep stakeholders informed of booking trends. Modern hotel operations demand a broader set of metrics to assess profitability and long-term growth.

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Accounting Book Article Information 102

Revenue Hub

OCTOBER 4, 2024

A hotel Booking Engine is an online platform or software that allows customers to search for, view, and book hotel rooms and self-catering accommodation directly on a hotel’s or property’s website. Tailored offers such as promotions and special discounts can entice guests to book direct, saving on hefty OTA commissions.

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Book Reservations Article Property Management 109

STAAH

JULY 23, 2024

In the ever-evolving landscape of the hotel industry, finding the right pricing strategy can significantly impact your business’s success. One approach that has gained traction among savvy hotel owners and managers is dynamic pricing. But what exactly is dynamic pricing?

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Pricing Marketing Book Accounting 113

STAAH

JULY 3, 2024

Are you looking for new ways to attract more travellers and increase your bookings? Expedia Group package deals are all-in-one booking options that combine at least two of the three major travel products: flights, lodging and hire cars. Offer unbeatable value Packages are also one of the most appealing types of offers for travellers.

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Book Accounting Pricing Marketing 109

LimeTray

FEBRUARY 9, 2025

The article below explores key features of restaurant POS systems, comparing top options like ere4u and LimeTray, along with their pricing factors. Plus, youll never double-book a table again. This enables you to make informed decisions on the fly, such as adjusting your menu, changing prices, or maximizing staffing levels.

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Pricing POS Systems Server Scheduling 52

Revenue Hub

FEBRUARY 20, 2024

NB: This is an article from Lighthouse (formerly OTA Insight) Subscribe to our weekly newsletter and stay up to date Your property should have a tailored pricing strategy that fits its unique needs, but there are common industry practices that can be honed to compliment your business and improve performance.

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Pricing Article Accounting Training 108

InnQuest

APRIL 5, 2023

Yield management, also known as revenue management, is a strategy hotels use to optimize their revenue by adjusting prices and inventory according to consumer demand. Yield management is a pricing strategy that predicts customer demand and adjusts prices to maximize revenue. And that’s where yield management comes in.

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Pricing Book Marketing Blog 220

Revenue Hub

MAY 23, 2023

With this information, hoteliers can make more informed decisions about pricing, inventory, and marketing strategies. Data analytics tools allow hoteliers to access real-time data on occupancy rates, demand trends, and competitor pricing. This has resulted in more efficient revenue management and increased profitability.

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Pricing Article Book Information 98

Hotelogix

NOVEMBER 28, 2024

Cost-Effective for Long Stays They can be more affordable for long-term stays, as they often offer lower nightly rates and discounts for extended bookings. They offer the convenience of hotel-like services while providing more amenities and space for the price.  Book a Demo with Hotelogix PMS

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Revenue Hub

FEBRUARY 15, 2023

Attribute-based pricing is becoming an increasingly popular pricing model in the hotel industry. Subscribe to our weekly newsletter and stay up to date In this post, we are going to discuss what attribute-based pricing is, and how using an efficient rate structure can help you boost your overall revenue and profits.

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Guest Satisfaction Pricing Book Reservations 98

InnQuest

NOVEMBER 30, 2022

Transparent Pricing: Easy-to-read statements, upfront pricing with no hidden fees. Subject per account. To learn more, contact us at support@innquest.com or book a free demo today! This is why we offer competitive pricing, without sacrificing quality or functionality in our software solutions. No gateway fees.

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Travel and Tourism Demo Pricing Accounting 217

Revenue Hub

MARCH 4, 2024

OTAs are offering guests the best of both worlds: lots of information about properties, pricing comparisons and real guests reviews. Fortunately, there are a few strategies that hoteliers can use to checkmate OTAs and encourage more hotel direct bookings. ‍ Your direct booking channels -a.k.a. among others.

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Book Communication Reservations Article 106

Revenue Hub

MARCH 25, 2025

Multiplicity of Data Sources Data Overload : Hotels generate vast amounts of data dailyguest profiles, booking trends, competitor rates, distribution channels, and more. A Flurry of Adjustments: Attempting to keep up with these swift changes can lead RMs to layer multiple pricing tactics and inventory controls on top of each other.

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Communication Article Accounting Pricing 104

Revenue Hub

DECEMBER 15, 2023

NB: This is an article from Hotelivate Subscribe to our weekly newsletter and stay up to date Moreover, from their initial target segment of price sensitive customers, the AI model has rapidly evolved to include elaborate food and beverage offerings, unique experiences, and wellness treatments among others. Why does All-Inclusive Work?

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Pricing Accounting Article Book 109

Hotelogix

OCTOBER 3, 2024

In today's digital world, Online Travel Agencies (OTAs) like Booking.com and Expedia have become essential for hotels looking to reach a larger audience and increase bookings. This blog will provide simple yet effective strategies to help you market your hotel successfully on OTAs, boost your visibility, and increase your bookings.

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Marketing Pricing Book Accounting 130

STAAH

MARCH 3, 2024

The vibrant city hotel’s revenue strategy, driven by STAAH’s OTA connections, resulted in a remarkable 300% year-on-year increase in direct bookings since the transition. Prior to STAAH, IDEAS direct bookings were a hit and miss. Usability apart, STAAH is well-known for its smart features driven by dynamic pricing.

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Book Customer Service Pricing Accounting 109

Revenue Hub

NOVEMBER 7, 2022

One of the most important elements of an effective revenue management strategy is offering the right prices. Pricing can be based on cost, competition, or demand. It’s also about adapting your rates to market fluctuations so that you offer the right price, to the right guest, at the right time.

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Definition Pricing Article Marketing 97

Revenue Hub

APRIL 3, 2023

By offering these free ads, trivago hopes to demonstrate the traffic and booking potential of the metasearch engine to the hotel and encourage them to activate a paid campaign (either CPC or CPA). Unlike Google free booking links, there will be no additional slot for these ads or any other difference that identifies them as free ads.

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Book Pricing Article Accounting 98

Hospitality Magazine

FEBRUARY 21, 2024

If you’re working with a PR agency, put together a list of publications you’d like to be featured in and have an account manager pitch to editorial teams with information about your venue as well as an invitation to come in. But profiting from delivery should be front of mind, which means condensing your menu and pricing it accordingly.

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Marketing Accounting POS Systems Information 246

Revenue Hub

JULY 15, 2024

Perhaps you’ve found yourself wishing you had more direct bookings, but you’re unsure of how to get there. The article will answer key questions around enhancing direct bookings, boosting visibility on Google, improving overall ratings on booking platforms, managing guest reviews effectively, and evaluating the need for website optimization.

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Book Article Pricing Information 109

Revenue Hub

FEBRUARY 12, 2025

In the hotel context, survivorship bias leads us to consider only sales achieved (successes), without taking into account lost opportunities (critical impacts). Bookings generated : this KPI reflects all your hotels consolidated sales and provides a clear picture of what customers buy and when they buy it.

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Book Accounting Article Pricing 70