InnQuest

JANUARY 5, 2023

At InnQuest, we understand the importance of the challenges faced by businesses in the hospitality industry. InnQuest’s mission isn’t just to provide the best hospitality management system but to ensure hospitality businesses are supported whenever they need it. Learn more about us here.

Property Management 224

Property Management Book Catering Reservations 224

InnQuest

JANUARY 5, 2023

At InnQuest , we understand the importance of the challenges faced by businesses in the hospitality industry. InnQuest’ s mission isn’t just to provide the best hospitality management system but to ensure hospitality businesses are supported whenever they need it.

Travel and Tourism 223

Travel and Tourism Property Management Blog Book 223

InnQuest

JANUARY 23, 2023

To mark your glory in the market, you should reward both guests by giving lower prices to those directly approaching you. About InnQuest At InnQuest, we understand the importance of the challenges faced by businesses in the hospitality industry. Others include frequent guests who depend on your name to enjoy their stay.

Book 218

Book Reservations Concierge Blog 218

AHLEI

OCTOBER 3, 2022

Managers must be able to effectively recruit, hire, onboard, and retain a high-quality hospitality team—skills that are all critical to building an engaged workforce that positively influences the culture of an organization, profitability, and guest experience. Hospitality Manager: Recruiting & Hiring Course Outline.

Training 119

Training Hospitality Management Property Management Pricing 119

Les Roches

JANUARY 12, 2024

Pricing strategies are an essential part of commercial activity. Entrepreneurs, marketing strategists, and a whole host of other roles in practically every industry require a thorough knowledge of how to set pricing. It goe­s beyond simply assigning a random price and require­s strategic thinking and careful analysis.

Pricing 52

Pricing Marketing Definition Catering 52

Les Roches

JANUARY 17, 2024

Strategic decisions about menu design, customer de­mographics, and pricing strategies also play critical roles. By unde­rstanding effective pricing strate­gies, restaurants can achieve a sustainable balance betwe­en profitability and memorable customer experience. Bachelor in Hospitality Management.

Pricing 52

Pricing Information Marketing Accounting 52

InnQuest

MARCH 3, 2023

At InnQuest, we understand the challenges faced by the hospitality industry. InnQuest’s mission isn’t just to provide the best hospitality management system but to ensure hospitality businesses are supported. We offer competitive pricing without sacrificing quality or functionality in our software solutions.

Communication 218

Communication Reservations Information Housekeeping 218

Les Roches

OCTOBER 27, 2023

If you want a career in hotel management , you’ll need to be familiar with many aspects of overseeing a hospitality venue, including hotel pricing strategy. In this article, we’ll go over what hotel pricing strategy is and have a closer look at specific strategies different hotels and resorts use.

Pricing 52

Pricing Communication Book Marketing 52

InnQuest

AUGUST 25, 2022

A hospitality management company headquartered in Tampa, Florida, with nearly 100 years of hospitality management expertise and a team that is very well equipped to understand how complex a hotel business can be, InnQuest has created solutions to streamline the management of hospitality properties.

Property Management 130

Property Management Guest Satisfaction Hospitality Management Customer Service 130

AHLEI

NOVEMBER 30, 2022

Challenges include a lack of basic management skills, on-the-job training, development difficulties, and the need to support a broader range of operational tasks. Hospitality Manager: Hotel Operations Course Outline. Module 8: Management Functions. Online • Mobile Friendly • Interactive. Module 4: Housekeeping.

Training 96

Training Training & Development Housekeeping Hospitality Management 96

InnQuest

AUGUST 11, 2022

These highlights along with their benefits are explained in detail below – Powerful Channel Manager: roomMaster Anywhere’s powerful channel manager connects you to the world’s most popular OTAs such as Expedia.com, Booking.com, Airbnb.com, etc. and shares real-time updates across channels. Learn more about us here. .

Book 130

Book Blog Property Management Housekeeping 130

STAAH

MAY 7, 2024

Dynamic pricing strategies Adjusting your room rates based on the season can help you cater to fluctuating demand. This flexibility allows you to meet guests’ expectations while ensuring your prices remain competitive in today’s digital market.

Marketing 109

Marketing Guest Satisfaction Banquet Operations Book 109

Hotelogix

JANUARY 19, 2025

Essential Features of a Good PMS Integration with OTAs and Channel Managers An effective PMS integrates seamlessly with Online Travel Agencies (OTAs) and channel managers, ensuring real-time updates for room availability and pricing across platforms.

Housekeeping 100

Housekeeping Front Desk Operations Guest Satisfaction Property Management 100

InnQuest

JUNE 6, 2023

To learn about hotel pricing strategies to boost revenue in 2023, read this. In conclusion, the future of OTAs in the hospitality industry holds immense potential for innovation and transformation. This is why we offer competitive pricing, without sacrificing quality or functionality in our software solutions.

Travel and Tourism 131

Travel and Tourism Book Blog Pricing 131

Hotel Business

OCTOBER 18, 2023

Glenn Wasserman, CFO, Driftwood Capital, emphasized the strategic significance of this refinancing and renovation by adding that “the Scottsdale market has seen significant growth with upper-priced hotel RevPAR increasing 25% over 2019 levels.

Hospitality Management 105

Hospitality Management Pricing Marketing 105

InnQuest

JANUARY 26, 2023

Hoteliers can use automated revenue management solutions to forecast pricing accurately, ensuring they are ready for high-traffic seasons and events. About InnQuest At InnQuest , we understand the importance of business challenges faced by hospitality industry businesses.

Reservations 136

Reservations Housekeeping Property Management Book 136

Revenue Hub

JUNE 18, 2024

In revenue management, managers might focus on data that confirms their existing beliefs about pricing strategies or market trends, ignoring contradictory evidence. Overconfidence Bias Overconfidence bias leads managers to overestimate their knowledge, abilities, or the accuracy of their predictions. Muhammad, R.,

Information 109

Information Pricing Article Marketing 109

Modern Restaurant Management

DECEMBER 14, 2021

These challenges pose the potential for inventory constraints, menu price increases, delays in service and more, impacting not only the hours restaurants can stay open but also the capacity at which they can operate. Rick Camac, Dean of Restaurant & Hospitality Management at the Institute of Culinary Education.

Pricing 189

Pricing Scheduling Training Marketing 189

InnQuest

JUNE 13, 2023

About InnQuest: InnQuest’s mission isn’t just to provide the best hospitality management system but to ensure hospitality businesses are supported whenever they need it. This is why we offer competitive pricing, without sacrificing quality or functionality in our software solutions.

Marketing 140

Marketing Blog Book Reservations 140

Hotel Business

FEBRUARY 26, 2024

Silicon Valley-backed Hyper Nimbus has introduced its fully integrated, AI-powered hospitality management solution. Sales & revenue: Hyper Nimbus connects with existing revenue management and tracking systems utilized by hotels to evaluate sales performance across each channel.

Concierge 111

Concierge Housekeeping Maintenance Pricing 111

Modern Restaurant Management

DECEMBER 16, 2021

Rick Camac, Dean of Restaurant & Hospitality Management at the Institute of Culinary Education. Tight menus, for set prices, at times offering previously unapproachable product at approachable prices. New versions of virtual venues like food halls (several vendors or offerings from one group, all on one ticket).

Back of House 180

Back of House Pricing Marketing Scheduling 180

Hotel Owner

MAY 23, 2023

The initiative falls under RBH’s commitment to increasing efficiencies across its food and beverage offering and is being led by the hospitality management company’s new group director of F&B, Will Macpherson, who re-joined RBH at the start of 2023 after first joining the company six years ago.

Pricing 104

Pricing Hospitality Management 104

Hotel Business

APRIL 1, 2024

CoralTree’s parent company, Lowe, launched its hospitality management business in 1973 to provide residential resort management services. In late 2023, we substantially grew our portfolio of vacation rentals and are excited to further expand, operationalize and brand this collection to highlight our expertise in this area.”

Procurement 111

Procurement Concierge Housekeeping Maintenance 111

InnQuest

JULY 29, 2022

Adopt A Dynamic Pricing Approach. Another valuable component of your hotel distribution strategy is competitive pricing. In addition to that, ensure that you set your pricing such that you cover your commission fee and any other charges applicable. Optimize Your Distribution Channel Listings.

Reservations 130

Reservations Book Pricing Information 130

Revenue Hub

JANUARY 10, 2024

Key benefits of outsourced revenue management: Specialized skills access: Gain expertise and sophisticated tools previously exclusive to larger hotels. Dynamic pricing & analytics : Benefit from data-driven decision-making and market insights.

Pricing 104

Pricing Marketing Article Hospitality Management 104

InnQuest

SEPTEMBER 28, 2022

InnQuest’ s mission isn’t just to provide the best hospitality management system but to ensure hospitality businesses are supported whenever they need it. This is why we offer competitive pricing, without sacrificing quality or functionality in our software solutions.

Property Management 130

Property Management Catering Accounting Housekeeping 130

Revenue Hub

JANUARY 11, 2024

Attribute-Based Pricing Takes Centre Stage As personalised experiences become more sought after, attribute-based pricing is expected to dominate in 2024. Hotels will leverage technology to manage room types seamlessly and connect amenities to rooms, ensuring a seamless and personalised experience for guests.

Guest Satisfaction 106

Guest Satisfaction Pricing Guest Retention Marketing 106

Lodging Magazine

FEBRUARY 27, 2024

The collaboration will combine IDeaS’ latest revenue management solution with Cloudbeds’ hospitality management platform. The result will deliver a solution to enable independent hotel operators worldwide to have automated pricing in a complex and competitive market.

Pricing 64

Pricing Hospitality Management Magazine Marketing 64

Hotel Owner

JANUARY 18, 2024

The guide prices range from £1.8m George Brown, managing director of Daish’s, expresses sadness at parting with these assets but signals a continuous expansion of the Daish’s portfolio, seeking properties that better fit customer preferences.

Pricing 98

Pricing Hospitality Management Marketing 98

Hotelogix

OCTOBER 18, 2023

  👉It offers real-time information about room availability, pricing, and amenities, allowing potential guests to make informed decisions and quickly secure their reservations. It allows them to browse available rooms, view pricing and amenities, and make real-time reservations through various channels.

Reservations 100

Reservations Book Information Guest Satisfaction 100

Revenue Hub

OCTOBER 17, 2023

Where was the value for the price paid? I appreciate it is a tough time and the recovery post COVID-19 takes time, but prices continue to increase while service and value may not keep pace. Lodging operators need to focus revenue management system on the total hotel experience inclusive of rate, operations, and marketing.

Pricing 109

Pricing Marketing Training Book 109

Hotel Owner

OCTOBER 17, 2023

This gap has widened, with luxury hotel prices 268% higher than budget hotels in July 2023, compared to the pre-pandemic peak season at 244%. In Birmingham, Switch Hospitality Management Ltd, an asset management company, reported strong post-pandemic results, with its flagship hotel, Park Regis Birmingham , exceeding pre-pandemic performance.

Budgeting 98

Budgeting Events Reservations Marketing 98

Revenue Hub

AUGUST 25, 2023

They are also less price-sensitive and will book even if rates are higher than usual. To better manage guest profiles, use your hospitality management system. Then offer a special price for those services when they book at your hotel. Plus, you get the benefit of positive word-of-mouth marketing.

Book 98

Book Workshop Article Pricing 98

InnQuest

OCTOBER 31, 2022

InnQuest ’s mission isn’t just to provide the best hospitality management system but to ensure hospitality businesses are supported whenever they need it. Our goal is not only to help manage your businesses more efficiently but also to provide ongoing support to engender growth and expansion.

Property Management 221

Property Management Communication Book Information 221

Revenue Hub

OCTOBER 2, 2023

As confirmed in a study by the Customer Experience Management Institute at the well-known hospitality management school, EHL (École hotelière de Lausanne), people will pay more for hotels with higher ratings. Cornell found that hotels that increased review scores by one point (on a five-point scale) and could raise prices 11.2

Reservations 108

Reservations Pricing Article Guest Satisfaction 108

Les Roches

MARCH 22, 2023

Photo Credit: shapecharge/ E+ via Getty Images Revenue management is all about analyzing data and analytics to optimize the revenue-generating potential of a company’s products or services. It strives to maximize revenue by making informed decisions about product offerings, pricing, and distribution channels.

Pricing 52

Pricing Information Hospitality Management Training 52

Les Roches

DECEMBER 28, 2022

Luxury brands can be found across the full spectrum of sectors, but are especially present in the hospitality, retail, and automotive industries. Luxury brands are typically characterized as being high-quality and exclusive, with a high price tag to match. What is an example of a luxury brand?

Marketing 98

Marketing Pricing Definition Presentation 98