Boutique Hotel News

JUNE 16, 2023

UK: The four-star Lion Hotel , located in Criccieth, Gwynedd in North Wales, is up for sale at a reduced price of £1,800,000 marketed by business property adviser Christie & Co. The Lion Hotel is set in an 18th century building which has been refurbished to offer 34 bedrooms and six self-catering apartments.

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eHotelier

JUNE 12, 2024

Optimizing hotel room pricing requires a holistic understanding of various factors influencing demand and market conditions. By analyzing these elements and implementing strategic recommendations, you can set logical, competitive prices that enhance revenue and profitability.

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Soft Inn

JULY 10, 2023

Try googling the largest hotel chain in the world and see what pops up. Take a look at what you can learn from Marriott's pricing strategy. It's a guarantee that Marriot International takes the cake. Being so successful must come from a solid strategy, right?

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eHotelier

FEBRUARY 9, 2023

Here are three steps to achieve a balance at your hotel to foster solid collaboration between your team and their AI-based helpers. How can you make sure that the system’s responses completely align with your company’s business strategy? And what part does your team play in this?

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Revenue Hub

NOVEMBER 28, 2024

Dynamic pricing has long been a cornerstone in industries that rely on demand-driven revenue strategies. NB: This is an article from TCRM Subscribe to our weekly newsletter and stay up to date In hotels, it involves adjusting room rates based on real-time factors like demand, competition, and market conditions.

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Soft Inn

NOVEMBER 21, 2024

Pricing a hotel room effectively is a complex yet crucial aspect of hotel management. The right pricing strategy can significantly impact a hotel's revenue and guest satisfaction. This guide aims to provide you with a comprehensive understanding of the best practices for setting hotel room prices.

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Revenue Hub

DECEMBER 5, 2024

Knowing where to list your hotel and the prices to charge can be tricky, especially for busy operators of small, independent properties. Here we explain the essentials of hotel distribution and pricing. Popular platforms include Google Hotels, Tripadvisor, Kayak, and Trivago. OTAs: Too Much of a Good Thing?

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Revenue Hub

DECEMBER 3, 2024

Imagine if your hotel room rates could shift as smoothly as gas prices, responding to demand, seasonality or even events in town. That’s the power of dynamic pricing in the hotel industry. That’s the power of dynamic pricing in the hotel industry.

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eHotelier

AUGUST 22, 2024

Google Hotel Ads is a metasearch engine, or price comparison site, on which you can launch campaigns to convert ready-to-book travelers and drive direct bookings.

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Revenue Hub

OCTOBER 29, 2024

Fixed or dynamic hotel rates? NB: This is an article from CWT Subscribe to our weekly newsletter and stay up to date With the hotel sourcing season well underway, many corporate travel and procurement teams are likely trying to figure out which hotel pricing model makes the most sense for their programs.

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Revenue Hub

DECEMBER 3, 2024

Price optimization and sensitivity analysis are essential tools for refining your pricing strategy to maximize revenue. This method is highly effective in predicting how changes in features or pricing might influence consumer choices and market share.

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Revenue Hub

OCTOBER 31, 2024

Hotel buyouts present a compelling business opportunity that delivers both financial stability and operational efficiency. A full buyout allows for exclusive branding opportunities and amenities tailored to the company’s needs, enhancing both the experience and the perceived value of the hotel.

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MEWS

AUGUST 20, 2024

What is dynamic pricing in hotels? We’re all likely familiar with algorithms now, as many of the tools we use daily depend on them. Type anything into Google, and a complex system of data retrieval kicks into action to deliver the best possible results for your query.

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Revenue Hub

DECEMBER 12, 2024

It also means monitoring their offerings and pricing. Traditionally, hotels identify competitors based on the main criteria travelers use to decide where to stay. Property type: Properties of a certain size or design, such as boutique hotels, hostels, or hotels with contemporary or traditional design. Revenue objectives.

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Revenue Hub

OCTOBER 30, 2024

I’m talking about the clandestine, and occasionally comical, world of hotel rate espionage. Welcome to the “rate wars,” where hoteliers engage in a constant game of pricing cat and mouse. Rate Shopping: The Foundation of Espionage If there’s a single foundation upon which all hotel rate espionage rests, it’s rate shopping.

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eHotelier

APRIL 10, 2023

Hotels can effectively grow revenue today through applying revenue management strategies to the practice of upselling. By analysing guest data, using dynamic pricing strategies, leveraging pricing psychology, personalizing offers, and providing staff with the right tools and training, hotels can improve overall business performance.

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InnQuest

APRIL 5, 2023

Anyone who has worked in the hospitality industry for a few years would enthusiastically attest to the importance of yield management in hotels, particularly in hotel revenue management. Furthermore, we will provide examples of successful yield management strategies and offer tips on how to implement them in your hotel.

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Revenue Hub

OCTOBER 1, 2024

As a hotelier, one of the most critical aspects of revenue management is setting the right prices at the right times. This is where a seasonal pricing strategy comes into play. We explore what a seasonal pricing strategy is, why it’s essential, and how you can effectively implement it in your hotel.

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Revenue Hub

OCTOBER 22, 2024

As we look toward 2025, global pricing trends reveal a resilient industry, but one marked by stark regional differences. Latin America leads the charge Latin America has emerged as the star performer in hotel pricing recovery. The hospitality landscape in 2024 is a study in contrasts. With a remarkable 12.2%

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Revenue Hub

NOVEMBER 25, 2024

A mobile only price is exactly what you’d think it is: a price – usually a discount – that’s only available to users accessing a mobile booking app on their device. Country rates Country rates or geo-fencing as it’s sometimes known are targeted discounts or pricing adjustments offered to customers based on their geographic location.

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Revenue Hub

NOVEMBER 20, 2024

A common myth in hotel revenue management is the belief that increasing prices during periods of high demand is a form of exploitation. For hotel owners and managers, mastering this concept is essential for unlocking revenue potential while delivering value to guests in a balanced, fair way.

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InnQuest

SEPTEMBER 5, 2023

At a glance: What is Hotel Inventory Management? Managing your hotel’s inventory efficiently can significantly impact your bottom line, guest satisfaction and overall operational effectiveness. Firstly, What is Hotel Inventory Management? These are managed as inventory and must be scheduled and priced accordingly.

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Revenue Hub

OCTOBER 16, 2024

Now for the second consideration… Dynamic Pricing So, what exactly is Dynamic Pricing? Put simply, Dynamic Pricing is the practice of changing room pricing, multiple times per day based on a rooms individual demand. Many hotels work much better with a derived pricing strategy. What is Dynamic Pricing?

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Revenue Hub

NOVEMBER 20, 2024

Managing room categories is one of the most challenging aspects of hotel revenue management. To help, here is an introductory guide to managing room descriptions, photos, and pricing to maximize returns on your room inventory. Assigning Hotel Room Types One of the first tasks for a new hotel is to assign room categories.

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Boutique Hotel News

NOVEMBER 16, 2022

UK: Bird Group’s hospitality arm, Roseate Hotels & Resorts, has acquired five-star The Dunstane Houses in Edinburgh. Whilst the transaction value has not been disclosed, Dunstane Houses were marketed by Savills Scotland at a guide price of £7.5 The group is a brand of Bird Hospitality ( Bird Group , India). .

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eHotelier

MARCH 21, 2024

Fortunately, price isn’t the only tool available to hoteliers looking to improve their occupancy rate. Here's a look at how to increase hotel occupancy with some tried-and-true approaches and introduce some important considerations to keep in mind when monitoring this common hotel performance metric.

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MEWS

AUGUST 13, 2024

ADR is an important metric because it can help you evaluate how well your pricing strategies are performing, helps you better practice revenue management and maximize the revenue on each room sold, and serves as a point of performance comparison between your hotel and the competition.

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Pricing 230

Boutique Hotel News

DECEMBER 20, 2022

BHN editor Eloise Hanson outlines six hotel and travel trends expected to shape the industry in 2023. Hotel e-tail. In fact, research from HVS shows that over the past 50 years, daily rates across London hotels have grown 0.75 In Bullingham’s words, hotels need to be more like Selfridges.

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InnQuest

MARCH 2, 2023

Hotel management is a complex and challenging task requiring business acumen and customer service skills. For example, you can use social media platforms like Instagram and Facebook to showcase the unique features of your hotel and target potential guests who are planning a vacation in your area.

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InnQuest

FEBRUARY 1, 2023

As we head into 2023, the hotel industry faces several challenges and changes that hotel managers need to be aware of to be successful. Here’s a quick guide hotelier can follow to stay successful in hotel management for 2023. Here’s a quick guide hotelier can follow to stay successful in hotel management for 2023.

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Hotelogix

NOVEMBER 28, 2024

Running a hotel has always been about creating memorable experiences, but let’s face it things have gotten a lot more demanding. Now, imagine offering something like this on your hotel’s website. Read More on Improving Hotel Guest Experience with Technology 4. What’s Next for Hotels and AI?

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Hotelogix

SEPTEMBER 6, 2024

Google Hotel Finder, also known as Google Hotels or Google Hotel Search , is a powerful metasearch tool integrated into Google’s ecosystem. This tool aggregates hotel information from across the internet, providing users with a comprehensive overview of available accommodations based on their search criteria.

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eHotelier

MAY 28, 2024

Determining the current selling or asking price for a hotel is a bit tricky. Here's how you can estimate the value, AKA sales price.

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InnQuest

OCTOBER 17, 2023

This is why our guide discusses how to avoid overbooking in hotels. As is known, overbooking can be a delicate issue for hotels, as it causes disgruntled guests who are unable to check into their rooms. Hotel Overbooking: Concerning or Not? Hotel overbookings are concerning but not uncommon in the industry.

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InnQuest

APRIL 3, 2023

As the hospitality industry evolves after the pandemic, it’s more important than ever for hotels to streamline their day-to-day operations to improve efficiency, enhance the guest experience, and increase revenue. Here are some ways to streamline operational tasks for your hotel.

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Revenue Hub

OCTOBER 10, 2024

You want to be sure you’re offering minimum pricing that’s beneficial for your company’s bottom line, and that makes sense for your customers. For restaurants, hotels, and unique venues, a strategy for determining these minimums is essential – and this is where tools like Tripleseat come in handy.

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eHotelier

AUGUST 25, 2024

As a hotelier, you know your hotel faces unique revenue management challenges. Your location, primary types of travelers, and the season of the year all play into profitable pricing strategies.

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