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. 4 Other common booking discounts and rewards Of course, offering a one-size-fits all mobile-only discount isn’t the only way to reach these users.

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MEWS

MARCH 21, 2024

What is hotel pricing intelligence? Hotel pricing intelligence involves analyzing, gathering, and using data to make informed pricing decisions based on room rates and various pricing strategies.

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Revenue Hub

DECEMBER 19, 2024

Dynamic pricing tools use algorithms to recommend the ideal rates and the right time. NB: This is an article from Lighthouse Subscribe to our weekly newsletter and stay up to date Price optimization works by collecting and analyzing data from sources like competitor rates, seasonal trends and external events. Lets review each.

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eHotelier

AUGUST 22, 2024

Google Hotel Ads is a metasearch engine, or price comparison site, on which you can launch campaigns to convert ready-to-book travelers and drive direct bookings.

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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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Hotelogix

JUNE 10, 2024

In this context, hotel dynamic pricing is one of the most critical elements. What is dynamic pricing in hotels?  Dynamic pricing strategy in hotels allows hoteliers to optimize revenue by ensuring room rates accurately reflect market conditions and consumer behavior.

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Hotelogix

NOVEMBER 30, 2023

In this blog, we will look at a few strategies to increase bookings for hotels from OTAs.    Importance of OTAs for hotel booking As online sales channels, OTAs generate about 50% to 55% of hotel bookings. Hotels rely on OTAs to showcase rooms and rates and attract guests to book with them while competing with others.

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Revenue Hub

DECEMBER 6, 2024

During this time, the path to booking was relatively linear and simplified if you wanted to book a trip, you contacted your travel agent, shared your needs and preferences, and let them work their magic. However, the booking journey has taken on a significantly different form today. before making a booking decision.

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Revenue Hub

NOVEMBER 28, 2024

Dynamic pricing has long been a cornerstone in industries that rely on demand-driven revenue strategies. Pros of Dynamic Pricing in Hotels Revenue Maximization : By adjusting rates in real-time, hotels can charge more when demand is high, boosting revenues during peak seasons or major events.

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eHotelier

NOVEMBER 7, 2022

If you want to protect your hotel from losing money during these slower periods, it's best to be proactive and use a mix of tried-and-true tactics and creative marketing methods to smooth out seasonal swings.

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Hotelogix

SEPTEMBER 19, 2024

Understanding the difference between online booking and travel agency services is crucial for hotel owners and managers looking to optimize their revenue streams. These platforms provide a self-service model that allows guests to compare prices, read reviews, and book rooms at their convenience.

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Revenue Hub

NOVEMBER 20, 2024

A common myth in hotel revenue management is the belief that increasing prices during periods of high demand is a form of exploitation. Understanding Demand-Based Pricing in Hotels To start, let’s clarify what demand-based pricing means. Hotel demand fluctuates widely based on seasonality, local events, and economic conditions.

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Revenue Hub

DECEMBER 12, 2024

It also means monitoring their offerings and pricing. This will help you know how to position your property effectively and attract more bookings and revenue. Pricing: Properties that offer similar room types at similar prices. Some hotels tie their pricing to just one or two competitors.

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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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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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Hotelogix

OCTOBER 24, 2024

It analyses several factors including demand, season, occupancy forecast, and competitor pricing, etc. This would lead to overbooking and double booking. OTAs help you sell more rooms via their websites – called indirect booking. This should also send out the booking confirmation emails to guests in real-time.

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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. How Do Rate Plans Work?

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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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InnQuest

SEPTEMBER 5, 2023

It involves tracking and controlling inventory in real-time, making informed decisions on pricing, room allocation and availability, and ensuring that the right resources are available at the right time. Effective management ensures that rooms are allocated efficiently and priced competitively.

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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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InnQuest

OCTOBER 17, 2023

Striking the perfect balance between fully booked rooms and avoiding overbooking can be a challenging task. System Errors: Technical glitches or errors in reservation systems can inadvertently result in overbooking, as rooms may get double-booked or inventory fails to update correctly.

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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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Revenue Hub

NOVEMBER 29, 2024

Here is our round up of 8 Success Stories from our Expert Partners outlining revenue growth, increased ADR, occupancy, booking growth, pricing changes and direct channel success. Challenge Eliminating heavy reliance on manual spreadsheets for revenue management and generating data insights for accurate, data-driven pricing.

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Revenue Hub

SEPTEMBER 27, 2024

NB: This is an article from Knowland Subscribe to our weekly newsletter and stay up to date Also known as attribute-based pricing, the shift allows guests to customize their stay by selecting only the necessary services, potentially reducing costs and enhancing their overall experience.

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Revenue Hub

NOVEMBER 18, 2024

Most advice about group bookings centers on automation. With that in mind, here are eight ways to win more group bookings: steps you can take to leverage automation, strengthen relationships with group travelers, and convert leads to bookings. To capture a share, hotels need to up their game with groups.

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eHotelier

JANUARY 21, 2024

Let’s examine how hotels can use AI tools to improve their web presence and make sure that their reputation draws and keeps visitors.

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Revenue Hub

DECEMBER 3, 2024

Imagine if your hotel room rates could shift as smoothly as gas prices, responding to demand, seasonality or even events in town. That’s the power of dynamic pricing in the hotel industry. The concept of dynamic pricing is simple: as demand rises and supply shrinks, prices increase.

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Revenue Hub

NOVEMBER 14, 2024

NB: This is an article from Cogwheel Marketing , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date By understanding the factors that shape the traveler’s path to purchase, hotels can refine their marketing strategies, increase direct bookings, and reduce dependency on third-party platforms.

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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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Revenue Hub

OCTOBER 30, 2024

Welcome to the “rate wars,” where hoteliers engage in a constant game of pricing cat and mouse. From fancy software tools that track every rate change in real-time to secret phone calls under the guise of a corporate booker, hoteliers have mastered the art of “price espionage.” How do they get this information?

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Hotelogix

NOVEMBER 7, 2024

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. By encouraging guests to book directly through your website, you can keep more of the revenue and build stronger relationships with your guests.

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Revenue Hub

NOVEMBER 20, 2024

It’s especially important for small, independent properties because every booking counts. To help, here is an introductory guide to managing room descriptions, photos, and pricing to maximize returns on your room inventory. The “good-better-best” approach to pricing can also be applied to hotel rooms to boost sales.

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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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Hospitality Magazine

JANUARY 24, 2024

Bookings are now open with sittings commencing at 6pm from 8-10 February. The menu is priced at $350 per head, and includes a welcome glass of Pernet et Pernet Champagne. The post Michelin-star chef’s pop-up at Freyja appeared first on hospitality | Magazine.

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InnQuest

APRIL 3, 2023

For instance, online booking systems, channel managers, and revenue management software can help you manage reservations, room rates, and availability across different channels. Utilizing cloud-based hotel management software can simplify room block management and provide real-time updates on room availability, bookings, and cancellations.

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STAAH

DECEMBER 10, 2024

As more travelers rely on Google to search, plan, and book their trips, its crucial to position your property where it matters most. But are you leveraging the full potential of this platform to increase direct bookings? Get Google is a powerful add-on product from STAAH that connects your property to Googles hotel booking engine.

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Revenue Hub

NOVEMBER 19, 2024

To help you make the most of this festive season, we’ve compiled proven strategies to ensure your venue stands out and thrives in lucrative event bookings. By planning ahead and organizing your holiday offerings, you’re setting yourself up to book the most profitable events and private dining experiences.

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