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MRM Research Roundup: Price Wars, Influencer Impact and No-Show Fees

Modern Restaurant Management

As the landscape changes, 39 percent of leaders said they’re prioritizing investments in sales, marketing, and related technologies for the rest of 2024. Another 25 percent said they were investing in special events and one-off promotions, and 24 percent said they were prioritizing takeout and delivery operations.

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Best Practices for Hotel Inventory Management

Revenue Hub

Leveraging historical data, market trends, and special events, hotels can predict periods of high and low demand. This allows them to adjust pricing strategies, allocate rooms accordingly, and maximize revenue during peak seasons while avoiding vacancies during off-peak periods.

Pricing 100
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Mastering Revenue Optimization for New Hotels

Revenue Hub

Subscribe to our weekly newsletter and stay up to date Demystifying Revenue Management At its heart, revenue management is a strategic toolkit in the hotel industry that allows businesses to forecast consumer behavior, optimize product availability, and fine-tune pricing to maximize revenue growth.

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What is Yield Management: Guide for Hotels

SiteMinder

Yield management is a pricing and revenue management strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. The main goal is to sell the right product to the right customer at the right time for the right price.

Pricing 98
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11 Revenue Management Challenges for Hoteliers

Revenue Hub

How do you increase your profits even as prices remain high and the future remains unknown and uncertain? 7% wanted to celebrate a special event. 7% wanted to book a trip after receiving a discounted or special offer. 16% of travelers wanted to travel to a destination for an extended period. 16% wanted to go on vacation.

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5 Revenue Management Tips for Beach, City, Mountain, or Countryside Hotels

Revenue Hub

Your location, primary types of travelers, and the season of the year all play into profitable pricing strategies. Then, Sunday is traditionally a weak day in the city hotel landscape, but you could provide incentives for your guests that improve your bottom line in the short and long term. Let’s consider corporate rates.

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Hotel revenue management strategies and solutions

SiteMinder

Hotel revenue management is the strategic distribution and pricing tactics used to sell perishable room inventory to the right guests at the right time in order to boost revenue growth. Optimal strategies and techniques are dynamic, based on the understanding that hotel pricing is fluid and can change from one day to the next.

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