Revenue Hub

JANUARY 17, 2024

Despite the challenges, the pendulum of recovery and innovation is swinging, presenting opportunities for the hospitality industry in Spain to not only bounce back but to thrive in a post-pandemic landscape. This growth, due to multiple factors, currently leaves us in a situation of uncertainty: Will the price continue to grow rapidly?

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Pricing Travel and Tourism Article Presentation 109

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.

Pricing 108

Pricing Article Marketing Definition 108

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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Pricing Article Events Marketing 103

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%

Pricing 103

Pricing Presentation Article Marketing 103

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

APRIL 8, 2024

NB: This is an article from Demand Calendar Subscribe to our weekly newsletter and stay up to date We need hoteliers to embrace innovative strategies that resonate with modern travelers, setting a new standard for hospitality excellence beyond competitive pricing.

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Pricing Guest Satisfaction Article Budgeting 94

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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Pricing Marketing Book Accounting 107

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.

Pricing 108

Pricing Competitive Analysis Article Book 108

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.”

Pricing 108

Pricing Training Book Marketing 108

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.

Pricing 109

Pricing Article Information Book 109

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

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

Boutique Hotel News

MARCH 14, 2023

This represents a premium of around 52 per cent on the volume-weighted average price (VWAP) in the three-month period leading to the end of January. The newly digitised events landscape, coupled with Cvent’s strong existing customer base and commitment to innovation, has provided a new growth vector in a post-Covid world.

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Events Definition Pricing 246

Hospitality Magazine

FEBRUARY 6, 2023

. “I have visited Australia a few times and what excites me is that it is a country where there is a huge diversity of nature, landscapes, and species. ” The multi-course tasting menu is priced at $685 per person and will run across lunch and dinner sittings from Wednesday to Sunday.

Front of House 246

Front of House Pricing Magazine Book 246

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 Additional insights into QSR sales, traffic, and pricing trends are in the Revenue Management Solutions June Trend Report. Positive net sales in May (+1.9

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Pricing Marketing Budgeting Communication 189

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

Catering 194

Catering Pricing Marketing 194

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. This includes places that may be a price point above or below yours. Closely related to the menu and price point is the quality of food your competitors are serving. Food Quality.

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Pricing Information Marketing Catering 230

Modern Restaurant Management

NOVEMBER 21, 2022

As is the norm in the widespread economic landscape of 2022, inflation has well-and-truly hit the restaurant industry. Additionally, menu prices at casual dining establishments rose by an average of 9 percent year over year from 2021. So what can restaurateurs and food business operators do to cope in this economic landscape?

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Pricing Catering Information 197

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.

Catering 246

Catering Pricing Magazine Marketing 246

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

Modern Restaurant Management

MARCH 21, 2022

It is a particularly challenging time, to be sure, and the ever-shifting landscape demands agility of restaurant operators who must adapt to the changes in order to maintain their margins. The key is to make the right decisions around inventory and pricing at the right times—and having the right technology can make all the difference.

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Pricing Scheduling Information Accounting 203

Revenue Hub

DECEMBER 19, 2024

Dynamic pricing tools use algorithms to recommend the ideal rates and the right time. NB: This is an article from Lighthouse Subscribe to our weekly newsletter and stay up to date Price optimization works by collecting and analyzing data from sources like competitor rates, seasonal trends and external events.

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Pricing Book Article Budgeting 54

eHotelier

NOVEMBER 2, 2023

In the competitive realm of the hotel industry, navigating the Black Friday landscape requires more than just slashing prices. The day of frantic shopping, incredible deals, and unmatched excitement is on its way: Black Friday is just around the corner.

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Pricing Marketing 130

eHotelier

FEBRUARY 7, 2024

Duetto, a global leader in revenue management systems, proudly unveils the successful acquisition of Micerate, a leading provider of dynamic pricing and online booking tools tailored for meetings and event spaces.

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Book Events Pricing 130

Modern Restaurant Management

OCTOBER 14, 2024

In the modern dining landscape, where convenience and customer experience are paramount, restaurants increasingly rely on electronic payment systems to facilitate transactions. For restaurants, especially those operating on thin margins, these fees can influence pricing strategies, profitability, and even operational decisions.

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Pricing Marketing 128

Revenue Hub

APRIL 25, 2024

Below you will find brief introductions and links to 5 case studies which can help hoteliers looking to optimize revenue, develop sophisticated pricing strategies, refine revenue management strategies, streamline operations, or seize opportunities in times traditionally considered off-peak.

Download 109

Download Pricing Article Marketing 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.

Pricing 246

Pricing Marketing Budgeting Training 246

STAAH

DECEMBER 19, 2024

From valuable insights into the online booking landscape to practical tips for hoteliers, these blogs highlight what truly matters in the hospitality industry. What is Dynamic Pricing and Why It Matters? Dynamic pricing is a crucial revenue management strategy, and this blog broke it down for hoteliers. Click here to read more.

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Blog Pricing Book Information 83

InnQuest

OCTOBER 3, 2023

This blog explores how integrated solutions play a pivotal role in simplifying hotel payment processes and why they are crucial in today’s competitive landscape. Real-time Updates: Thereafter, integration with property management system s (PMS) provides real-time updates on room availability and pricing.

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Guest Satisfaction Information Property Management Blog 221

MEWS

APRIL 3, 2023

In such a competitive landscape, it is key to make good choices about hotel room rates to maximize occupancy and, in turn, revenue. The more options you have for room pricing, the more flexibility guests have when choosing a room that best suits their needs, and the easier it will be for them to choose you over the competition.

Pricing 130

Pricing 130

Hospitality Net

NOVEMBER 27, 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. Drawing on Lighthouse data, we’ll cut through the noise to examine the current state of play, with a spotlight on Asia-Pacific.

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Pricing Marketing 52

Modern Restaurant Management

AUGUST 2, 2024

As the landscape changes, 39 percent of leaders said they’re prioritizing investments in sales, marketing, and related technologies for the rest of 2024. As a result, they are making hard decisions to adjust prices and make menu changes. LTO Impact A new Placer.ai

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Pricing Training Marketing Book 100

InnQuest

OCTOBER 17, 2023

Implement a Dynamic Pricing Strategy: Thereafter, implementing a dynamic pricing strategy in the hotel industry is vital for maximizing revenue and avoiding overbooking. In a competitive market, dynamic pricing gives hotels an edge. read a comprehensive guide to a hotel channel manager, click here.

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Reservations Guest Satisfaction Book Pricing 221

Modern Restaurant Management

DECEMBER 20, 2022

Increasing menu pricing has helped to offset costs and so far, has continued to attract customers since grocery prices are outpacing the increases in restaurant tickets for dining out." The second is pricing. Menu prices have consistently risen since 2021. In June 2022, average price increase spiked from 10.7

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Pricing Scheduling Marketing Communication 197

Revenue Hub

AUGUST 14, 2024

NB: This is an article from Triptease , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Booking are smart, and they’re not going to let a designation CEO Glenn Fogel calls “dumb” keep them from maintaining their dominant position in the EU hospitality landscape.

Book 107

Book Pricing Article Presentation 107

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.

Marketing 109

Marketing Pricing Article Book 109

InnQuest

OCTOBER 24, 2023

Despite the rising popularity of OTAs, direct bookings continue to hold their own in the competitive landscape. Flexibility Direct bookings offer real-time pricing and promotion adjustments, giving you an advantage in responding to market dynamics.

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Reservations Book Pricing Guest Satisfaction 130