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Holiday Diners Seek Out Unique Experiences

Modern Restaurant Management

The demand for earlier reservations provides restaurants the opportunity to get creative when it comes to driving traffic for second and third seating’s with memorable experiences, dynamic pricing, or late-night specials. Restaurants have an opportunity to offer premium, value-add experiences that justify higher price points.

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Revolutionize Hotel Event Revenue With Dynamic Pricing

Revenue Hub

Dynamic pricing is vital for hotel success today, but only some operators can see beyond the guestroom when applying this technology. NB: This is an article from IDeaS Many factors impacting guestroom dynamic pricing, like seasonality and occupancy, also play a role when optimizing event revenue.

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ChatGPT for Hotels: Boost Direct Bookings & Reduce Costs

Hotelogix

” For Revenue Managers: Maximizing Profitability and Forecasting Demand Revenue managers play a critical role in pricing, occupancy, and financial forecasting. ” For Front Office Managers: Enhancing Guest Interaction and Service Efficiency The front office is the first point of contact for guests.

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How to Improve Efficiency in Hotels? Reduce Operating Cost

Hotelogix

Maximizing revenue with a revenue management system  A revenue management system uses historical data and market analytics to forecast demand and adjust pricing in real time. This tool is essential for understanding market trends and guest booking patterns and optimizing revenue through strategic pricing.

Book 130
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AI – what it means and what hoteliers are asking about this technology?

STAAH

AI provides hoteliers with the opportunity to enhance the customer experience and increase guest retention. We are already seeing this in applied in hotels via chatbots, data analytics, voice-activated services, and serving guests in multiple languages using smart technology and hyperdynamic pricing.

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How to Calculate Hotel Guest Acquisition Cost (GAC)

Hotelogix

This information is valuable for making informed decisions about resource allocation, marketing campaigns, pricing strategies, and overall business planning. By optimizing your marketing efforts and reducing acquisition costs, your hotel business can offer more attractive pricing to guests, leading to higher occupancy rates. 

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Essential Hotel Sales Strategies

Revenue Hub

Offers and incentives: To encourage guests to book directly on the hotel website, you can provide special offers, discounts, or exclusive benefits. These can include lower prices, complimentary extras such as free Wi-Fi, breakfast, or a complimentary room upgrade. The website should also provide an easy and intuitive booking function.