Hospitality Magazine

OCTOBER 15, 2024

The post Hospitality staff priced out of rentals appeared first on hospitality | Magazine. Now it’s clear that it’s also failing our key workers – including those who work full time.” Although the results are dire, Chambers says it an opportunity for change. More information is available from the Anglicare website.

Pricing 242

Pricing Information Magazine Marketing 242

Soft Inn

JULY 10, 2023

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

Pricing 246

Pricing 246

Soft Inn

DECEMBER 11, 2024

In the hotel industry, pricing is a critical component that can significantly impact revenue and occupancy rates. Understanding the basics of hotel pricing involves knowing the different types of pricing strategies such as seasonal pricing, competitive pricing, and value-based pricing.

Pricing 130

Pricing Information Marketing 130

Modern Restaurant Management

APRIL 17, 2024

Eighty-one percent of diners said they would either stop going to a restaurant altogether or alter their dining hours to avoid prices surging during peak hours and 64 percent said they have a negative reaction to restaurants using surge and dynamic pricing, according to a HungerRush’s National Restaurant Price Surging Survey.

Pricing 197

Pricing Information Communication Magazine 197

eHotelier

JULY 10, 2024

You must research as much as possible to make the best decisions, and perhaps my outlook on this one topic can help you decide for yourself the importance of addressing your current pricing strategy.

Pricing 203

Pricing Information 203

eHotelier

DECEMBER 18, 2023

Implementing these pricing strategies effectively will position your hotel as a sought-after destination during this festive period while ensuring a profitable season ahead.

Pricing 222

Pricing 222

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.

Pricing 173

Pricing Marketing 173

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 post The Lion Hotel for sale at reduced price of £1.8 It can easily surpass this now with the right operator.”

Pricing 242

Pricing Catering Events Marketing 242

Modern Restaurant Management

AUGUST 16, 2024

One of the more popular solutions to helping a business thrive is dual pricing credit card processing. What is Dual Pricing? Dual pricing is a payment model that allows businesses to implement two different prices for credit card transactions. A perfect example of dual pricing is a gas station.

Pricing 170

Pricing POS Systems Accounting Presentation 170

Modern Restaurant Management

NOVEMBER 25, 2024

Faced with rising labor costs and increasingly price-sensitive customers, restaurant brands are exploring new ways to balance profitability with consumer expectations. One of the most debated strategies is dynamic pricing, which adjusts based on demand and other variables. They were asked to place an order from an online restaurant.

Pricing 178

Pricing Marketing 178

Revenue Hub

NOVEMBER 28, 2024

Dynamic pricing has long been a cornerstone in industries that rely on demand-driven revenue strategies. Pros of Dynamic Pricing in Hotels Revenue Maximization : By adjusting rates in real-time, hotels can charge more when demand is high, boosting revenues during peak seasons or major events.

Pricing 108

Pricing Travel and Tourism Article Budgeting 108

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.

Pricing 130

Pricing Guest Satisfaction Article 130

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. What are the pros and cons of different distribution channels? And how can you make your property stand out?

Pricing 108

Pricing Book Article Reservations 108

eHotelier

FEBRUARY 9, 2023

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? Here are three steps to achieve a balance at your hotel to foster solid collaboration between your team and their AI-based helpers.

Pricing 288

Pricing 288

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.

Pricing 105

Pricing Book Guest Services Marketing 105

Modern Restaurant Management

MAY 13, 2024

Tastes and preferences constantly change as trends come and go, keeping the restaurant industry on its toes. But two non-negotiables have remained strong for diners: convenience and loyalty. With digital and frictionless experiences at the forefront, diners are seeking their favorite restaurants in new, more affordable ways.

Pricing 197

Pricing Download Information 197

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.

Pricing 109

Pricing Book Download Article 109

Revenue Hub

DECEMBER 12, 2024

It also means monitoring their offerings and pricing. Pricing: Properties that offer similar room types at similar prices. Then it decides how to position its pricing relative to them, a process known as competitive price benchmarking. Some hotels tie their pricing to just one or two competitors.

Pricing 98

Pricing Article Book Catering 98

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. The concept of dynamic pricing is simple: as demand rises and supply shrinks, prices increase.

Pricing 87

Pricing Events Article Book 87

Revenue Hub

OCTOBER 29, 2024

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. Which Rate Is Best?

Pricing 106

Pricing Procurement Budgeting Article 106

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. Understanding Demand-Based Pricing in Hotels To start, let’s clarify what demand-based pricing means. Hotel demand fluctuates widely based on seasonality, local events, and economic conditions.

Pricing 109

Pricing Article Book Training 109

Revenue Hub

NOVEMBER 20, 2024

To help, here is an introductory guide to managing room descriptions, photos, and pricing to maximize returns on your room inventory. Research shows that consumers like to have several pricing tiers to choose from when shopping for a product or service. If you’re not optimizing inventory, you’re missing out on revenue opportunities.

Pricing 108

Pricing Article Presentation Information 108

eHotelier

APRIL 10, 2023

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. Hotels can effectively grow revenue today through applying revenue management strategies to the practice of upselling.

Pricing 299

Pricing Training 299

Revenue Hub

OCTOBER 31, 2024

Read the full article at Tripleseat The post Hotel Pricing for Buyouts: How to Maximize Revenue with Groups appeared first on Revenue Hub. Hotels can add value by offering all-inclusive packages that appeal to both organizers and attendees.

Pricing 108

Pricing Workshop Events Scheduling 108

eHotelier

NOVEMBER 11, 2024

Remember the golden rule, the lower the cap rate the higher the purchase price paid and at the same time the lower the expected returns on that investment in the future because the price paid was higher.

Pricing 261

Pricing 261

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.

Pricing 299

Pricing 299

Hospitality Magazine

NOVEMBER 27, 2024

After a few years of running its iconic ‘Australiano Hour’, Surry Hills restaurant Jane has achieved the holy trinity of happy hour success: returning customers, effective pricing, and a busy venue. The team knew the price point had to be sharp enough to compete with the local competition. A tip to keep it economically sound? “We

Pricing 245

Pricing Reservations Magazine 245

eHotelier

OCTOBER 15, 2024

Revenue management for Mille Club properties is diametrically opposite to that of their lower-priced brethren. Luxury consumers are agnostic to minor price differences, while competitive sets are difficult, if not impossible, to define as they lack close geographic parameters.

Pricing 245

Pricing 245

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.

Book 264

Book Pricing 264

Hospitality Magazine

SEPTEMBER 16, 2024

From cyber security, tipping, and payment solutions to financial wellbeing, practical business advice, and produce price tracking, technology innovators are helping each part of the industry run more effectively and efficiently. Its new price tracking feature allows purchasers to access real-time pricing across 4,000 items and suppliers.

Pricing 231

Pricing POS Systems Training Budgeting 231

eHotelier

FEBRUARY 21, 2024

We take a closer look at a property that has leveraged the global trend that’s accelerated in the post-pandemic era centered around the ‘price inelastic yet experience elastic’ hotel consumer.

Pricing 241

Pricing 241

eHotelier

APRIL 24, 2024

It's about understanding not just how to optimize prices and manage inventory, but why these actions matter in a larger context — a context that includes genuine customer satisfaction and enduring business success. Effective revenue management is driven by a clear sense of purpose.

Pricing 246

Pricing 246

eHotelier

JUNE 19, 2023

If a hotel puts more effort into designing packages using the four Ps (Product, Price, Promotion, and Place), the chances are much higher that the package will become a sales success.

Pricing 263

Pricing 263

Hospitality Magazine

JANUARY 11, 2023

For pubs, that means covering the cost, looking for alternatives or seeing menu price rises. The increase in the price of potatoes puts more financial pressure on pubs already facing increased costs including power, beer excise, drinks over the bar, transport and staff.

Pricing 246

Pricing Magazine 246

Modern Restaurant Management

MAY 21, 2024

While three in four survey respondents believe restaurant prices are higher, other factors, such as flavor, outweigh price when ordering specialty beverages, particularly in the full-service segment. During a time of increased price sensitivity, beverages create an opportunity to increase the total check.

Pricing 197

Pricing Catering Presentation Marketing 197

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

Pricing 189

Pricing Marketing Budgeting Communication 189

InnQuest

SEPTEMBER 5, 2023

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.

Guest Satisfaction 218

Guest Satisfaction Maintenance Pricing Book 218