Revenue Hub

OCTOBER 23, 2023

Big Data’s Role in Mitigating the Hotel Industry’s Top Three Risks The first and biggest risk is opportunity cost, or leaving money on the table by not accurately pricing inventory – and that can be in either direction. Another risk is conflating channel complexity with pricing complexity.

Pricing 102

Pricing Book Reservations Property Management 102

Hotel Business

NOVEMBER 10, 2023

While consumer spending remained strong, competition from other lodging sources like short-term rentals and cruise lines, as well as increased outbound international travel, stifled hotel demand and pricing power in Q3. RevPAR decreased 0.3%, as the modest occupancy decline was partially offset by the rise in ADR.

Pricing 59

Pricing Marketing 59

EATER

MAY 2, 2022

But four days before I was due to embark, I had a conversation that gave me the impression I might be about to board a sinking ship: The parent company of the cruise line I’d booked, Genting Hong Kong, had just gone through a $3.5 Maybe I would see the stars for the first time in years. billion USD debt restructuring.

Article 105

Article Book Pricing Events 105

SiteMinder

DECEMBER 17, 2024

On top of this is the incentive of meetings and events being booked at your hotel, since this is a large part of the corporate travel market, and becoming a preferred hotel for this type of business will lead to financial stability. Do you base your decision on pricing and features alone?

Blog 52

Blog Training Book Pricing 52

Les Roches

JULY 9, 2024

Understanding the different paths within hospitality The hospitality industry is huge and includes everything from hotels and resorts to restaurants, cruise lines and event management companies. Also, data analytics tools are now enabling hotels to anticipate guest preferences, optimize pricing strategies and improve marketing efforts.

Housekeeping 52

Housekeeping Customer Service Front Desk Operations Events 52