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. 

Book 268

Book Budgeting Catering Strategic Planning 268

Hotelogix

JANUARY 12, 2025

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

Book Pricing Marketing Events 130

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.

Strategic Planning 109

Strategic Planning Revenue Projections Information Article 109

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.

Travel and Tourism 59

Travel and Tourism Marketing Catering Book 59

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.

Pricing 117

Pricing Budgeting Marketing Maintenance 117

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?

Marketing 52

Marketing Strategic Planning Travel and Tourism Communication 52

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.,

Strategic Planning 52

Strategic Planning Pricing Definition Marketing 52