This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Pricing plays a crucial role in determining the success of any business. When it comes to hotel businesses, one must continuously strive to achieve a balance between the customer experience and pricing. Hotels follow different pricing strategies to get there and seasonal pricing remains one of the most important.
As we step into 2023, the hospitality industry is still reeling from the effects of the pandemic – which makes implementing hotel pricing strategies more important than ever. However, one of the biggest challenges hoteliers face is determining the right pricing strategies to maximize their revenue in the post-pandemic world.
This blog outlines simple, actionable strategies that hotels of all sizes can use to grow their business, from direct bookings to pricing strategies and everything in between. Promote a Best Rate Guarantee: Ensure guests know they'll get the best price when booking directly.
Did you know that effective hotel pricing can increase revenue by up to 20%? In this blog, we’ll cover everything you need to decide hotel rates smartly, including competition analysis, pricing strategies, and tools to simplify the process. Value-Based Pricing: Price rooms based on guest-perceived value (e.g.,
Blog about local events or lesser-known attractions in your area to position your property as a knowledgeable and welcoming destination. Pricing feels like guesswork: Without data-driven insights, setting competitive and profitable room rates can be a daunting task. Create engaging content to highlight your expertise.
They offer the convenience of hotel-like services while providing more amenities and space for the price. Starting a blog can also boost traffic. Sites with blogs tend to rank better in search engines and attract more visitors. How to market a serviced apartment?
We have witnessed firsthand the evolving landscape of hotel revenue management. In this context, hotel dynamic pricing is one of the most critical elements. This blog will delve into its intricacies and share insights on strategically leveraging this tool while maintaining guest loyalty. What is dynamic pricing in hotels?
Myth 1: A Siloed System Is Business Intelligence In the hotel industry, it’s common to use separate systems for reservations, propertymanagement, customer relationship management (CRM), and accounting.
In this blog we highlight some best practices for user experience and user interactions when it comes to inspiring guests to buy gift vouchers and redeeming it. It is completely customisable to integrate with your brand and offers the ability to create multiple vouchers, set prices and manage sales and redemption from one place.
Data 101 for propertymanagers where and how to start? The objective of this blog is to help propertymanagers of all categories and sizes grow their direct booking channels, a job that typically falls on marketing. Starting with the guests Know your audience is what I could have also called this blog.
Hotel management is a complex and challenging task requiring business acumen and customer service skills. This includes everything from online booking systems and inventory management to customer relationship management tools. Our software solutions come with competitive pricing while retaining their quality and functionality.
The “HospiTech” space is awash with solutions that promise they are the new panacea or can provide silver bullets to unwary hoteliers; non more so than “All-in-One PropertyManagement System (PMS)” providing channel management and booking engine capabilities (as well as of course managing reservations).
Regularly updating your site with blogs about local events or hidden gems nearby also signals search engines that your website is relevant and engaging. Integrate Your Rates and Inventory : Managing multiple OTA platforms manually can quickly become overwhelming, leading to errors like double bookings or inconsistent pricing.
Content Creation and Optimization : Maintaining a blog and using visual content. Strategies include: Partnering with local tourism organizations Getting listed on respected travel blogs and directories Collaborating with influencers and travel writers Guest Posting Contribute articles to travel blogs and industry publications.
In this blog, we share 3 powerful tips to help you stay competitive and elevate guest experience in 2023 – Adopt Contactless Technology – One of the latest hotel technology trends in the post-pandemic era includes the rise of contactless technology. Book a demonstration of our award-wi nning hotel management software here.
” Blogging for Local Relevance - Blogs are an excellent way to connect with potential guests and showcase your area’s highlights. Articles such as “Top Attractions Near [Your Hotel]” or “Hidden Gems in [City Name]” not only improve your SEO but also position your property as a local expert.
This blog explores how integrated solutions play a pivotal role in simplifying hotel payment processes and why they are crucial in today’s competitive landscape. Real-time Updates: Thereafter, integration with propertymanagement system s (PMS) provides real-time updates on room availability and pricing.
Anyone who has worked in the hospitality industry for a few years would enthusiastically attest to the importance of yield management in hotels, particularly in hotel revenue management. Before delving into the benefits of yield management in the hotel industry, it is essential to understand what it means.
This blog will tell you everything you need to know about bed banks, including how you can get connected to them and grow your hotel’s revenue. Their platform offers advanced tools for inventory management and dynamic pricing. Table of contents Why should hotels use the biggest bed banks? Is Hotelbeds a Bed Bank?
That being said, this blog explores some best practices for avoiding overbooking in the hotel industry as well as how to accurately track occupancy rates and manage inventory across multiple channels. read a comprehensive guide to a hotel channel manager, click here. In a competitive market, dynamic pricing gives hotels an edge.
What is competitor based pricing? Competitor-based pricing or competition-based pricing is a data-driven approach where businesses use advanced analytics to set their prices based on competitors’ rates. But it’s not just about matching or undercutting competitors’ prices.
Travelers use many sources like search engines, travel blogs, social media, and advice from friends and family. This can include inspirational blog posts, social media content, high-quality photos, and reviews. Destination-focused videos or blog posts related to unique local experiences can position your hotel as the top choice.
In this blog, we’ll explore the top US-based OTAs of the year, helping you make an informed choice for your next adventure. Our goal is not only to help manage your businesses more efficiently but also to provide ongoing support to engender growth and expansion.
T his blog covers everything you need to know about roomMaster Anywhere – From securing bookings and streamlining operations to managing a workforce and enhancing the guest experience, there’s a lot that goes behind efficient propertymanagement. What are the key highlights and benefits of roomMaster Anywhere?
However, you can still implement strategies to increase direct bookings and create a better bottom line for your property. In this blog, we have compiled five tips to boost direct bookings. To mark your glory in the market, you should reward both guests by giving lower prices to those directly approaching you.
In this blog we look at some common issues that hoteliers of any size face and where effective channel management through the right platform helps overcome these. STAAH has a slew of automations for rates and inventory rules that unlock a propertys revenue management capability.
In this blog, well explore how hoteliers in India, especially in nearby cities like Varanasi, Gorakhpur, Chitrakoot, Lucknow, and Ayodhya, can prepare to accommodate the surge in travelers and capitalize on this once-in-a-lifetime event.
In this blog well explore how hotels can capitalise on the opportunities that the GDS and a vendor like Sabre represent. You can upload and manage real-time inventory across multiple properties to ensure that availability and pricing are consistent.
What is an Airbnb propertymanagement service? An Airbnb propertymanagement service is designed to streamline your short-term rental operations by handling essential tasks such as listing optimisation, guest communication, and check-in/check-out logistics. Manage finances effectively by tracking income and expenses.
In this blog, we have outlined the latest hotel technology trends that are going to take the hospitality industry by storm in 2023. The 2022 Hotelier Technology Sentiment Report from the NYU Tisch Center of Hospitality found that by the end of this year, the adoption of on-property tech innovations by hotels was projected to go up by 50%.
This blog covers everything you need to know about it. Key Pillars of a Guest-centric Cloud PropertyManagement System. When it comes to producing a top-notch guest experience, your hotel management system is your best asset. Book a demonstration of our award-winni ng hotel management software here. To Wrap It Up.
From setting the right prices to attracting the right guests, every decision you make impacts your hotel's bottom line. In this blog, we will delve into different aspects of hotel revenue management and explore top tips and tricks to help you optimize your hotel’s revenue potential.
A skilled reservations manager can directly influence your revenue by ensuring your rooms are always accurately represented across booking channels, minimising missed opportunities due to errors or delays. The reservations manager leads this department, ensuring smooth coordination with other teams like front office and housekeeping.
In this blog, we examine the most recent developments in hotel automation and the reasons for the increasing demand for automation in the hospitality sector. A well-integrated solution can also improve daily operations such as front desk services, room reservations, housekeeping, channel management , etc.
In this blog, we will delve into the concept of ABS, how it differs from traditional room selling, its advantages, and the steps to implement it successfully in your hotel. Optimized revenue management: Hotels can maximize their revenue potential by monetizing individual room attributes. What is Attribute-Based Selling in Hotels?
Amadeus positions itself as having more than one million hotel properties connected to its travel platform. This blog will take a deep-dive into the importance of Amadeus for your hotel, including what it can achieve and how you can make the most of it as part of your distribution and revenue strategies.
In this blog, we will look at the most important features a booking engine should have in order to ensure more direct reservations. Booking process Display accurate, up-to-date information on room availability and pricing to avoid overbooking and ensure transparency. Using the concept of pooled inventory to drive optimisation.
In this blog post, we will explore the key strategies and tactics for creating a successful hotel marketing campaign that captivates your target audience and delivers tangible results. This is why we offer competitive pricing, without sacrificing quality or functionality in our software solutions.
Read this blog to stay informed regarding the trends, predictions and future of OTAs. To learn about hotel pricing strategies to boost revenue in 2023, read this. About InnQuest: InnQuest’s mission isn’t just to provide the best hospitality management system but to ensure hospitality businesses are supported whenever they need it.
What is pricing intelligence? Pricing intelligence, also known as rate intelligence, is a way for hotels to optimise their pricing and profitability. It’s an essential part of a successful revenue management strategy and is implemented via the use of data and pricing intelligence tools.
In this blog, we will look at a few important reports that you must always have access to. Make informed decisions: Utilize hotel performance reports to refine pricing, promotions, and budget allocation strategies. It helps you develop pricing or marketing strategies in advance to outperform competitors.
By simplifying communication and enhancing the guest experience, Visito allows hotels and rental properties to focus more on hospitality while cutting down on operational overhead. This blog will break down what Visito does, how it works, and why its becoming the go-to AI solution for modern hospitality brands.
Hotels face a daunting challenge as travelers seek convenience and competitive prices: how to efficiently manage their room inventory across multiple online distribution channels while maintaining real-time updates and avoiding overbooking. This is where a hotel channel manager comes into play.
GDS puts your inventory in front of a network of 600,000 travel agents and travel management companies. In this blog, we look at how you can tailor your GDS content to drive more reservations and revenue from this channel. 1) Create clear and accurate property and room listings. 6) Offer special promotions and seasonal offers.
We organize all of the trending information in your field so you don't have to. Join 11,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content