Revenue Hub

NOVEMBER 25, 2024

A mobile only price is exactly what you’d think it is: a price – usually a discount – that’s only available to users accessing a mobile booking app on their device. Country rates Country rates or geo-fencing as it’s sometimes known are targeted discounts or pricing adjustments offered to customers based on their geographic location.

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Pricing Book Download Article 109

Revenue Hub

OCTOBER 31, 2024

NB: This is an article from Tripleseat Subscribe to our weekly newsletter and stay up to date When a single group books the entire property, hotels secure guaranteed revenue upfront, eliminating concerns about vacancy rates and providing predictable income streams.

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Revenue Hub

DECEMBER 3, 2024

Price optimization and sensitivity analysis are essential tools for refining your pricing strategy to maximize revenue. This method is highly effective in predicting how changes in features or pricing might influence consumer choices and market share.

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Pricing Book Guest Services Marketing 107

Revenue Hub

FEBRUARY 21, 2025

With multiple competing hotels likely right across your street corner, establishing an effective hotel pricing strategy is paramount to ensure your hotels long-term success. A well-crafted pricing approach not only reflects the value proposition of the property but also adapts to market dynamics, consumer behavior, and operational costs.

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Pricing Guest Satisfaction Article Book 91

Revenue Hub

MARCH 17, 2025

NB: This is an article from Lighthouse Subscribe to our weekly newsletter and stay up to date Hoteliers can sometimes utilize a combination of the two strategies, but each has its own set of benefits and drawbacks. Lets start with the older, more basic pricing method: static pricing.

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Pricing Book Article Definition 78

Revenue Hub

FEBRUARY 6, 2025

Spring is a key revenue period, andnow is the ideal time to analyze early booking data and optimize your pricing strategy. It also allows you to establish starting prices for each room type for the spring season. Continuously adjust your pricing strategy Setting initial prices is just the first step.

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Pricing Book Reservations Article 75

Revenue Hub

JANUARY 8, 2025

Are your rooms priced too high, too low, or just right? NB: This is an article from RoomPriceGenie , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date These are crucial questions faced by independent hotels daily. Discounting in the hotel business involves lowering room prices to increase demand.

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Pricing Book Article Budgeting 109

Revenue Hub

MARCH 12, 2025

As we settle into 2025, independent hotels and small hotel groups face a rapidly evolving pricing landscape. Here are five pricing trends to watch along with strategies to help you stay on top of the opportunities and ahead of your competitors. But inflation hasnt just impacted travelers its hit hotels too.

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Pricing Article Book Budgeting 57

Revenue Hub

NOVEMBER 21, 2024

NB: This is an article from LodgIQ , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date If you haven’t heard of this minor league baseball team, they’re famous for breaking all the rules of traditional baseball and succeeding because of it. Unpopular opinion: I don’t like baseball. It’s time to shift focus.

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Pricing Article Marketing Information 109

Revenue Hub

DECEMBER 9, 2024

NB: This is an article from Triptease Subscribe to our weekly newsletter and stay up to date It was our first chance to get a glance into the EU hospitality industrys reaction to the report and there was a definite sense of disappointment in Booking.coms limited changes. This came up via a few specific points raised during the workshop.

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Workshop Pricing Book Article 106

Revenue Hub

OCTOBER 28, 2024

NB: This is an article from DYB (Direct Your Bookings) Subscribe to our weekly newsletter and stay up to date The way your hotel ranks on those OTAs can make or break your visibility. But it’s not as simple as having the lowest price or the most reviews. Price & Availability OTAs love consistency. Laziness costs a lot.

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Book Pricing Article 109

Revenue Hub

NOVEMBER 14, 2024

NB: This is an article from RoomPriceGenie , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Here we make things easy for you. Pricing: What Rates Will You Charge? Pricing is one of the most important tasks of revenue management. If it is priced too low, you will miss out on revenue.

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Pricing Scheduling Book Article 109

Revenue Hub

NOVEMBER 11, 2024

This is critical for effective inventory management and pricing. Accurate room type mapping at your hotel further enhances your revenue management strategy , enabling clear, strategic control over the visibility and pricing of each room category. Manually completing this task would take an excessive amount of time.

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Pricing Article Property Management Information 109

Revenue Hub

NOVEMBER 28, 2024

NB: This is an article from RoomPriceGenie , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Today, hoteliers recognize that they can generate more revenue by being more targeted in their pricing – by offering different rates to different segments of guests. Why Are Rate Plans Important?

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Book Pricing Article Definition 108

Revenue Hub

JANUARY 15, 2025

NB: This is an article from Topline Revenue , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date But navigating the maze of corporate rate shopping can be tricky. Step 2: Stay on Top of Competitor Pricing Corporate rate shopping isnt just about randomly checking what your competitors are charging.

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Pricing Article Book Marketing 109

Revenue Hub

JANUARY 10, 2025

NB: This is an article from Infor Subscribe to our weekly newsletter and stay up to date On one side, advanced technology delivers unprecedented convenience, efficiency, and personalization. This reduces the time and effort required for routine tasks, such as gathering data or creating pricing models.

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Pricing Guest Satisfaction Book Marketing 109

Revenue Hub

NOVEMBER 13, 2024

A capitalization rate, or cap rate, is a measure of the income return on an asset, such as hotel or rental property, relative to its purchase price. How to Calculate Cap Rates The lower the cap rate the higher the purchase price, and at the same time the lower the cap rate the lower the potential return.

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Pricing Article Reservations Information 107

Revenue Hub

OCTOBER 30, 2024

NB: This is an article from LodgIQ , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Here’s a closer look at seven subjects you’re not supposed to talk about in commercial strategy. Revenue leaders need to decide whether short-term gains negatively impact brand perception and pricing integrity.

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Pricing Book Article Communication 106

Revenue Hub

NOVEMBER 26, 2024

NB: This is an article from The Hotels Network , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date With the right mix of creativity and a splash of urgency, you can turn your Black Friday campaign into a booking magnet. Read the full article at The Hotels Network The post Ready, Set, Book!

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Book Pricing Article Marketing 109

Revenue Hub

NOVEMBER 7, 2024

In Series 2, we looked at Dynamic Pricing; how this can immediately impact your ADR along with the considerations you need to make before implementing this strategy. Whilst revenue gains can of course be made by channel shift or dynamic pricing strategies, you can also make an immediate impact by simply reviewing your product offering.

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Pricing Blog Article Training 109

Revenue Hub

NOVEMBER 4, 2024

NB: This is an article from D-Edge Subscribe to our weekly newsletter and stay up to date In the hospitality sector, the no-show rate for hotels is commonly between 1-5%, providing insight into the revenue lost by hoteliers each year. Read the full article at D-Edge The post How to Prevent Hotel No Shows and Last Minute Cancellations?

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Book Reservations Occupancy Management Pricing 109

Modern Restaurant Management

JANUARY 20, 2025

These chefs might know how to source the finest ingredients, but no one’s taught them how to negotiate the price of those ingredients or keep suppliers from quietly eating away at their profits. Sales reps may come back with a price comparison guide that shows lower prices on specific items. billion for yourself.

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Pricing Vendor Management Accounting Training 167

Revenue Hub

JANUARY 24, 2025

NB: This is an article from Xotels Subscribe to our weekly newsletter and stay up to date Well, buckle up, because Im about to spill the beans on how to squeeze every last penny out of your hotel venture. Its about understanding that a hotel room isnt a static product with a fixed price tag. Alright then, lets cut to the chase.

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Pricing Article Marketing Book 108

Revenue Hub

APRIL 3, 2025

NB: This is an article from Little Hotelier , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date As a small hotel owner, youve probably had months where bookings went up but, somehow, your bank balance didnt. You dont need to be an accountant to use it. Why is flow through so important?

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Book Article Pricing Accounting 108

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. What are the pros and cons of different distribution channels? And how can you make your property stand out?

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Pricing Book Article Reservations 109

Revenue Hub

OCTOBER 30, 2024

NB: This is an article from Userguest , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Imagine your hotel popping up in Google Search with all the bells and whistles: real-time prices, glowing reviews, stunning photos – basically, everything a traveller could want, all in one place.

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Book Pricing Article Information 108

Revenue Hub

DECEMBER 3, 2024

NB: This is an article from Chekin Subscribe to our weekly newsletter and stay up to date A well-planned discount strategy helps maintain competitive advantage while ensuring profitability. Seasonal Optimization Develop dynamic pricing strategies that align with seasonal demand patterns.

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Pricing Book Article Marketing 101

Revenue Hub

JANUARY 8, 2025

NB: This is an article from Userguest , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Subscription-based travel is here, and its revolutionising the hospitality industry. Tiered Memberships: Different pricing tiers provide varying levels of perks, from spa credits to early check-ins.

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Article Budgeting Pricing Presentation 109

Revenue Hub

DECEMBER 18, 2024

NB: This is an article from Topline Revenue , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date The Appeal of Experiences Over Things Why are experiences making such a splash compared to the latest gadget frenzy? Strategic Revenue Moves with Experiential Gifts Dynamic Pricing Done Right Lets talk numbers.

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Workshop Pricing Article Marketing 108

Revenue Hub

JANUARY 8, 2025

NB: This is an article from Revenue Team by Franco Grasso , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date The difference is understanding how to use available tools and analysis to stand out from the competition. One example is hotels that rely on static pricing. Are price and quality always equal?

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Pricing Marketing Book Article 109

Revenue Hub

MARCH 24, 2025

NB: This is an article from Duetto Subscribe to our weekly newsletter and stay up to date But which one is better? They allow for dynamic pricing adjustments and last-minute revenue opportunities. Cons: Lower flexibility in pricing, as group rates are often negotiated in advance. appeared first on Revenue Hub.

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Book Pricing Article Events 83

Revenue Hub

JANUARY 21, 2025

NB: This is an article from HotStats Subscribe to our weekly newsletter and stay up to date The right comp set doesnt just offer data; it delivers context, enabling hotel operators to make informed decisions that optimize operations and boost profitability. Type and class: Star rating, pricing strategy, and operational focus.

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Pricing Article Catering Marketing 109

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 6, 2024

NB: This is an article from Profitroom Subscribe to our weekly newsletter and stay up to date Then you check your financials and… ouch. Competitive Pricing vs. Value Add: While OTAs often focus on price comparisons, your direct channels can emphasize unique value propositions. You’ve just had a fantastic month.

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Book Article Definition Pricing 109

Revenue Hub

NOVEMBER 4, 2024

NB: This is an article from Lighthouse Subscribe to our weekly newsletter and stay up to date Ensuring your business is performing at its best and managing your property while simultaneously delivering exceptional guest experiences is a tricky balancing act.

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Cost Reduction Article Pricing Marketing 108

Revenue Hub

SEPTEMBER 9, 2024

Dynamic pricing can be a contentious topic. Consumers often view it as an exploitative pricing strategy in which brands try to charge the highest possible price for their products or services. For example, in the fast-food industry, the introduction of dynamic pricing has gone down like a lead balloon.

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Pricing Book Article 109

Revenue Hub

DECEMBER 4, 2024

NB: This is an article from Demand Calendar Subscribe to our weekly newsletter and stay up to date These tools enable teams to make data-driven decisions at every stage of the guest journey, ensuring that strategies align with market demands and guest expectations.

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