article thumbnail

Hotel Forecasting: How to Plan and Price More Strategically

Revenue Hub

They will also flag periods of unexpectedly high demand when you can increase pricing and earn more revenue. Well explain how to use forecast insights to optimize pricing and inventory, improve operational planning, and not just meet budget targets but exceed them. Fine-tune pricing: Adjust pricing based on demand to maximize revenue.

Pricing 107
article thumbnail

Impact of Artificial Intelligence on the Hotel Industry

Hotelogix

Letting AI Handle the Boring Stuff Behind every great guest experience is a ton of behind-the-scenes work room assignments, housekeeping schedules, pricing updates, you name it. AI can predict which rooms need cleaning first, suggest price adjustments based on demand, and even help manage your restaurant’s inventory.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is cost-based pricing strategy in the hotel industry?

MEWS

What is cost-based pricing? Cost-based pricing lets hoteliers set prices for rooms, services and amenities based on how much they cost their hotel, and then add a profit margin. What are the real hotel housekeeping cleaning costs per room?

Pricing 130
article thumbnail

What to Look for in Hotel Management Software – A Complete Guide for Hoteliers

Hotelogix

Whether it’s managing the front desk or optimizing housekeeping, the right PMS simplifies operations, improves guest experiences, and enhances profitability. It supports critical areas such as front desk operations, housekeeping coordination, and POS integration. A property management system (PMS) is the ultimate solution.

article thumbnail

Digitize Hotel Banquet Management for More Revenue in 2025

Hotelogix

It improves coordination between catering, front desk , and housekeeping staff. It is invaluable for the revenue management team as it allows them to optimize pricing strategies and package offerings by understanding demand, peak/off seasons, and other vital elements.

article thumbnail

Starting a New Hotel: From Groundwork to Guestbook

Hotelogix

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
article thumbnail

A Concise Guide to Hotel Inventory Management

InnQuest

It involves tracking and controlling inventory in real-time, making informed decisions on pricing, room allocation and availability, and ensuring that the right resources are available at the right time. Effective management ensures that rooms are allocated efficiently and priced competitively. Maintenance and scheduling are crucial.