Remove Catering Remove Pricing Remove Special Events
article thumbnail

How to Decide Hotel Rates: A Complete Guide for Hoteliers

Hotelogix

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. Steps to Analyze Competitor Pricing: Track room rates across OTAs and direct websites.

Pricing 100
article thumbnail

Hotel Market Segmentation Guide- Key to Your Hotel's Growth

Hotelogix

With this comprehensive understanding of your guest segments, you can develop targeted service offerings that cater to their specific needs and preferences. Business travelers often book last minute and value convenience over price, while leisure travelers book ahead and are more price-sensitive.

Marketing 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Pandemic Reflections: What Lessons Has the Restaurant Industry Learned?, Part One

Modern Restaurant Management

Special events have become a big reason for going out, making unique dining experiences more important than ever. Special events have become a big reason for going out, making unique dining experiences more important than ever. Customer habits have also shifted after the pandemic.

article thumbnail

Value Based Pricing: Are You Charging What Your Rooms Are Worth?

Revenue Hub

Let’s talk about something revolutionary, yet as ancient as commerce itself: value-based pricing. It’s time to ditch the old-school, cost-plus mentality and hello to a pricing strategy that actually makes sense for your independent hotels. Why It Barely Works The fundamental flaw of cost-plus pricing is its inward focus.

Pricing 109
article thumbnail

Some UX and UI best practices to drive up gift voucher uptake

STAAH

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. STAAH Vouchers offers multiple voucher types, such as gift certificates, room deals, packages, and special offers, to cater to different guest needs.

Blog 109
article thumbnail

Starting a New Hotel: From Groundwork to Guestbook

Hotelogix

Integrate Your Rates and Inventory : Managing multiple OTA platforms manually can quickly become overwhelming, leading to errors like double bookings or inconsistent pricing. A Channel Manager is a tool that synchronizes your room availability, pricing, and inventory across all connected OTAs in real-time. 

Book 130
article thumbnail

Five Ways to Increase Sales at Your Restaurant this Valentine’s Day

Modern Restaurant Management

Holidays provide restaurants with the opportunity to capitalize on the special moment by offering specials, events, and so much more exclusive to the holiday. To determine this number, look at how much your average customer would spend and increase the price. Create a Prix Fixe Menu.

Events 225