Hotelogix

JUNE 10, 2024

We have witnessed firsthand the evolving landscape of hotel revenue management. In this context, hotel dynamic pricing is one of the most critical elements. What is dynamic pricing in hotels?  It enables you to stay competitive by adjusting rates in response to market fluctuations and competitive pricing strategies.

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Hotelogix

NOVEMBER 28, 2024

Ever wondered why some hotels consistently outperform their competitors, even in challenging market conditions? The secret often lies in their ability to master market segmentation - a strategy that's becoming increasingly crucial in today's diverse hospitality landscape. 

Marketing 100

Marketing Guest Satisfaction Book Budgeting 100

Revenue Hub

MAY 7, 2024

Perfect competition is a term used in economics to describe a market structure where many buyers and sellers interact without any restrictions, and prices reflect the actual supply and demand dynamics. The industry is characterized by its diverse pricing and services and the advanced technological tools used to set those prices.

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Pricing Article Marketing Definition 108

Modern Restaurant Management

JULY 14, 2020

COVID-19 has transformed the restaurant and hospitality industry, which means that restaurants need a new approach to promoting and marketing their business to health and safety-conscious diners. You need to adapt your restaurant’s social media marketing approach in the “new normal” of COVID-19.

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Modern Restaurant Management

AUGUST 22, 2024

With guests searching for value, how can local restaurants compete and thrive in such a competitive market and build trust withconsumers who are more cautious about price and safety than ever? "Value "People tend to go to fast-food restaurants for the speed and lower price point.

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Revenue Hub

OCTOBER 22, 2024

The hospitality landscape in 2024 is a study in contrasts. 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. With a remarkable 12.2%

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Pricing Presentation Article Marketing 103

Revenue Hub

SEPTEMBER 18, 2024

One of the most pervasive myths is the belief that offering low prices will automatically lead to high occupancy rates. In fact, setting prices too low can have several detrimental effects on a hotel’s revenue, profitability, and overall brand perception.

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Modern Restaurant Management

FEBRUARY 14, 2022

They want to see that you have researched your market , and your competition is part of that market landscape. Menu and Price Points. Menu and Price Points. First you need to identify a niche in your local restaurant market: something that is lacking in the local food scene that you could provide.

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Revenue Hub

OCTOBER 9, 2023

Pricing is a critical element of a hotel’s revenue management strategy. NB: This is an article from Agilysys The right pricing approach can help hotels optimize profitability, attract the right customer segments, and maximize return on margins. Each segment has distinct needs, booking behaviors, and willingness to pay.

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Pricing Article Book Marketing 108

Revenue Hub

JANUARY 17, 2024

NB: This is an article from BEONx , one of our Expert Partners During the last few years, a unique and powerful phenomenon has occurred in this industry market: we have been witnesses of a swing similar to that of a pendulum, not only recovering from the challenging situation of the COVID-19 pandemic, but surpassing unexpected limits.

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Pricing Travel and Tourism Article Presentation 109

Revenue Hub

SEPTEMBER 19, 2024

Game theory begins with understanding that every guest is a player in the hospitality market, making choices based on various factors – price, location, brand reputation, and unique offerings. This move, in turn, can prompt competitors to adjust their pricing or promotions.

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Modern Restaurant Management

JULY 9, 2024

percent YOY) and throughout 2024 were primarily due to price increases, which have surged nearly 50 percent in some segments since the pre-pandemic era and were still up 3.0 ” To optimize your menu using value or bundled meals, remember the 3M’s: Measure, Market and Monitor. Effective marketing can bridge this gap.

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Pricing Marketing Budgeting Communication 189

Revenue Hub

OCTOBER 10, 2023

In the ever-evolving landscape of the hospitality industry, innovation and education are the keys to success. NB: This is an article from BEONx , one of our Expert Partners When it comes to maximizing revenue and occupancy rates, dynamic pricing strategies have taken a quantum leap forward.

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Pricing Competitive Analysis Article Book 108

STAAH

JULY 23, 2024

In the ever-evolving landscape of the hotel industry, finding the right pricing strategy can significantly impact your business’s success. One approach that has gained traction among savvy hotel owners and managers is dynamic pricing. But what exactly is dynamic pricing?

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Modern Restaurant Management

APRIL 1, 2024

Despite a general decline in dining frequency, families have shown resilience and an increased appetite for dining out, according to Revenue Management Solutions' Q1 Consumer Survey, “ Dining Dynamics in 2024: The Shifting Landscape of Consumer Tastes.” Strategies for Attracting Family Business Given a -2.1

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Revenue Hub

OCTOBER 30, 2024

Welcome to the “rate wars,” where hoteliers engage in a constant game of pricing cat and mouse. From fancy software tools that track every rate change in real-time to secret phone calls under the guise of a corporate booker, hoteliers have mastered the art of “price espionage.”

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Pricing Training Book Marketing 108

SiteMinder

OCTOBER 18, 2023

What is competitor based pricing? Competitor-based pricing or competition-based pricing is a data-driven approach where businesses use advanced analytics to set their prices based on competitors’ rates. But it’s not just about matching or undercutting competitors’ prices.

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Pricing Book Events Marketing 105

Revenue Hub

JULY 11, 2024

In today’s hotel landscape, we still often find hoteliers not being fully aware of the benefits of categorising their business into relevant segments. Simultaneously, it allows you to keep an eye on cost effectiveness in order to market your hotel in the best possible way. But let’s take a look now what’s behind all of this.

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Marketing Article Pricing Book 100

Revenue Hub

AUGUST 29, 2024

Managing marketing budgets effectively is crucial for any hotelier aiming to achieve sustainable growth in an increasingly competitive landscape. By carefully planning your marketing spend, you can maximise your return on investment (ROI), attract the right guests, and keep occupancy rates high throughout the year.

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Budgeting Marketing Book Pricing 108

Revenue Hub

SEPTEMBER 6, 2024

delivered a landmark ruling, finding that Google illegally monopolized the search market and violated the Sherman Antitrust Act. NB: This is an article from TravelBoom Subscribe to our weekly newsletter and stay up to date From a hotel marketing perspective, the Google antitrust ruling could have far-reaching implications.

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Marketing Book Article Pricing 109

Modern Restaurant Management

APRIL 18, 2024

The global restaurant fryers market is projected to grow at a CAGR of 5.6 The market sales are on course to increase from US$ 495.6 Million by 2033, according to Future Market Insights. It is a competitive landscape because restaurant owners navigate in order to select the best fryer for their demands and budget.

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Revenue Hub

SEPTEMBER 24, 2024

In the fast-paced landscape of digital marketing, staying ahead of the curve is crucial, especially for businesses in the travel industry. In this blog post, we will focus on the key aspects of metasearch and its pivotal role in shaping effective travel marketing strategies.

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Marketing Book Presentation Article 109

Revenue Hub

SEPTEMBER 26, 2023

NB: This is an article from Smartpricing In the competitive landscape of the hospitality industry, understanding the true cost of a hotel room isn’t just beneficial − it’s pivotal. A precise calculation influences pricing strategies, ensures profitability, and strengthens the foundation of your business. Download here!

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Pricing Download Article Marketing 109

Revenue Hub

NOVEMBER 3, 2023

There’s a point where your strategy, your operating landscape, your owner expectations, your faith in the error bands of the system, and your viewpoint as a business leader come in to set that dial. Understanding the Longer-Term Impacts of Taylor Swift This relationship between quality and price exists in the RMS today.

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Pricing Article Information Book 109

Boutique Hotel News

JANUARY 16, 2023

Industry leaders share their thoughts on the travel, hospitality and economic landscape in 2023. Buyer demand continues for appropriately priced hotels, in part due to the relative lack of hotels on the market, and there is a good level of equity in the market to facilitate transactions. BHN reports.

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Pricing Marketing Budgeting Training 246

Revenue Hub

AUGUST 2, 2023

The rapidly changing landscape of hotel marketing is reshaping the traditional 4Ps – Product, Price, Promotion, and Place. The revolution touches every aspect, from personalized guest experiences and dynamic pricing to omnichannel presence and data-driven promotions. Conceived in the early 1960s by E.

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Revenue Hub

MARCH 22, 2024

Unfortunately, there is not a one-size-fits-all approach to marketing for hotels, and the days of dumping dollars into a single channel are long gone. Marketers must meet travelers where they shop—and in today’s digitally-dependent landscape, this means everywhere.

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Marketing Book Article Budgeting 108

Revenue Hub

OCTOBER 20, 2023

As publishers have enhanced their callout and extension features to improve the user experience and provide additional exposure for advertisers, Tripadvisor is introducing Enhanced Marketing Text in the metasearch auction. NB: This is an article from Koddi Subscribe to our weekly newsletter and stay up to date What is Enhanced Marketing Text?

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Marketing Article Reservations Pricing 109

InnQuest

JULY 11, 2022

Recent times have seen modern, online marketing strategies revolutionize the landscape of the tourism and hospitality industry. While traditional marketing strategies still yield results, they have now become merely an auxiliary factor in the overall success of a robust hotel marketing plan.

Marketing 130

Marketing Travel and Tourism Definition Book 130

Revenue Hub

APRIL 15, 2024

B2B hotel marketing focuses on building relationships with other businesses, such as travel agencies, corporate clients, and event organizers, differing fundamentally from B2C marketing’s target on individual consumers. These clients seek value, reliability, and a partner that understands their complex travel and lodging requirements.

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Marketing Communication Article Catering 103

Revenue Hub

OCTOBER 18, 2023

NB: This is an article from Userguest , one of our Expert Partners This data is a goldmine for crafting targeted marketing campaigns and optimising revenue strategies. Personalised Marketing Campaigns One of the most potent ways to leverage user booking behaviour is by creating personalised marketing campaigns.

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Book Marketing Pricing Article 104

Hospitality Magazine

FEBRUARY 28, 2024

The following series is filled with valuable insights from the country’s leading operators on everything from milestone moments to the impact of the cost-of-living crisis, what they’re tipping will be big in 2024, and the current staffing landscape. The next op-ed comes from Australian Venue Co Executive Chef Telina Menzies.

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Catering Pricing Magazine Marketing 246

Hotel Owner

OCTOBER 21, 2024

The three-star Oaks Hotel near Burnley, Lancashire, has been brought to market inviting offers in the region of £1.8m. acres of landscaped grounds and has 51 letting bedrooms. Included within the guide price is a detached lodge located at the entrance to the site. The AA three-star hotel sits in around 3.5

Marketing 98

Marketing Pricing 98

Modern Restaurant Management

SEPTEMBER 14, 2021

Across the country, prices for food are reaching all-time highs as inflation picks up and COVID-19 restrictions loosen, driving more consumers to resume dining, shopping and traveling. producer prices for processed poultry in May hit a record high. producer prices for processed poultry in May hit a record high.

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Pricing POS Systems Scheduling Presentation 188

InnQuest

OCTOBER 17, 2023

By closely monitoring past booking patterns, seasonal trends and market demand, hotels can predict occupancy rates with greater accuracy. Implement a Dynamic Pricing Strategy: Thereafter, implementing a dynamic pricing strategy in the hotel industry is vital for maximizing revenue and avoiding overbooking.

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Reservations Guest Satisfaction Book Pricing 221

Revenue Hub

NOVEMBER 22, 2023

Hotel marketing automation is growing in popularity, as hotel marketers are continually pressured to adapt to the evolving digital marketing landscape. Whether it’s the emerging AI revolution or shifting content preferences on social media, there is never a shortage of new marketing strategies at your disposal.

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Modern Restaurant Management

DECEMBER 15, 2021

Since the labor shortage across the supply chain is likely to persist past the short-term and with other costs also increasing, one of the few ways restaurants can maintain their margins without raising their prices is to find ingredients that have better yields and require less labor to prepare. Where do you want to go tomorrow?

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Marketing Budgeting Pricing Information 197