Domestic Pricing Strategic Planning 
SiteMinder
FEBRUARY 14, 2024
Meanwhile, understanding demand trends allows for dynamic pricing strategies, maximising occupancy and revenue during peak periods and stimulating demand when needed. Understanding emerging trends helps in strategic planning, ensuring that investments in marketing, renovations, or expansions are aligned with future market demands.
Revenue Hub
OCTOBER 8, 2024
Macroeconomic variables: Including economic predictors, such as Gross Domestic Product (GDP), inflation rates, and unemployment rates, can boost forecast performance by capturing underlying causes of performance movements. Understanding these patterns allows hotels to optimize pricing and maximize revenue.
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Hotelogix
DECEMBER 7, 2023
These platforms work like magic to spread the word about property, inventory, prices, offers, etc. Choosing the right OTAs to partner with requires research and strategic planning. This aids in getting maximum visibility and enhancing exposure to both domestic and international audiences.
Les Roches
OCTOBER 23, 2023
They also research strategies and analyze the success of previous sales and marketing programs to make new strategic plans. They also research strategies and analyze the success of previous sales and marketing programs to make new strategic plans. What does a sales and marketing director do?
Hotel Business
MARCH 7, 2023
high fuel costs have led to increased airline ticket prices, and we have seen an impact on long-haul travel—which at least partially, has been off by domestic or close-to-home travel spending. It’s also critical for hotels to maintain pricing power in the face of micro/macro-economic pressures. As in the U.S.,
SiteMinder
JULY 15, 2024
Booking lead time is an important metric for your hotel to track because it helps with forecasting and strategic planning. Understanding this, you can make adjustments to maximise the revenue from the rooms you haven’t sold and also put other plans in place to boost income. Table of contents Why is booking lead time important?
Modern Restaurant Management
JUNE 28, 2024
The main takeaway: It’s led to higher prices and lower foot traffic at many of the state’s dining establishments. “As a result of the minimum wage increase, most chains have raised prices in the region anywhere from the mid-single digits to the midteens,” writes Hottovy. percent lower than the national average.
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