Revenue Hub

OCTOBER 10, 2024

You want to be sure you’re offering minimum pricing that’s beneficial for your company’s bottom line, and that makes sense for your customers. Catering budget : A required minimum amount to be spent on catering to reserve the event space. Event minimums are nothing new, but determining the amounts can be challenging.

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Pricing Events Catering Maintenance 99

STAAH

JULY 31, 2024

Discover how STAAH SwiftBook’s Smart Pricing can ignite your booking strategy. Why should you use the Smart Pricing feature on your SwiftBook: Key Benefits of STAAH Smart Pricing Enhanced Booking Strategy : Design discounts to specific guest behaviours, making your property more appealing and driving more direct bookings.

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Pricing Book Reservations Catering 87

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 91

Revenue Hub

JULY 31, 2024

The ongoing manual calculations and pricing updates across all your distribution channels are huge headaches to most hoteliers, especially if pricing isn’t your only responsibility at your property. How can you use data to improve your pricing strategy? Do they have shared price sensitivities?

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Pricing Book Marketing Article 94

Revenue Hub

OCTOBER 15, 2024

Google Hotel remains as a key source of bookings for hotels reinforcing the importance of showing your direct rates there ideally with the best price compared to OTAs. Read more articles from mirai The post DMA Impact: Google Share Sinking as a Source of Reservations appeared first on Revenue Hub. of the total generated bookings.

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Reservations Book Article Marketing 97

Revenue Hub

JULY 4, 2023

NB: This is an article from WebRezPro But as inflation and high flight prices persist, the revenge travel surge may start to wane. As the cost of living continues to rise, so will travelers’ price sensitivity. Keep reading for ideas… Value-added packages Attract price-sensitive guests by offering added value.

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Pricing Reservations Property Management Article 79

EATER

JUNE 21, 2024

What you need to know about the state of the reservations systems today Tock is changing hands yet again: The reservations system founded by restaurateur Nick Kokonas in 2014 has been acquired by American Express for $400 million, the financial services company announced today.

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Reservations Book Pricing Marketing 81

Hospitality Net

MAY 30, 2024

Powered by Attribute-Based Selling (ABS) and dynamic pricing, UpsellPRO enables hotels to unbundle room reservations and market individual room features to guests during the booking process. UpsellPRO is available as a built-in product within the Stayntouch PMS, dramatically building on the company’s existing upselling capabilities.

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Pricing Reservations Property Management Book 98

Revenue Hub

DECEMBER 15, 2023

For hotels, this time offers a golden opportunity to implement effective pricing strategies that not only cater to the surge in guests but also optimize revenue generation. Dynamic Pricing Model Implementing a dynamic pricing model allows hotels to adjust rates based on demand fluctuations.

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Pricing Book Catering Article 103

Finance & Development : Lodging Magazine

AUGUST 10, 2023

DALLAS—Commercial real estate prices are showing signs of stabilizing as inflation moderates and the Federal Reserve nears the end of its interest rate hiking cycle, according to a new CBRE survey. Commercial Real Estate Prices Show Signs of Stabilization appeared first on LODGING Magazine.

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Pricing Reservations Magazine 98

Revenue Hub

FEBRUARY 1, 2023

We have a long history and exceptional pedigree in intelligent pricing automation, initially in digital advertising and then in hotels. And now we are providing pricing automation to the live entertainment industry. It does this by ingesting and analyzing live reservation data and other demand signals such as website searches.

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Pricing Events Article Reservations 94

Hospitality Net

APRIL 11, 2024

Introduction - You have the best pricing strategy in place. You have even implemented pricing automation. You also need a reliable central reservation system (CRS) that can distribute your rates and inventory across all your online and offline channels, ensuring consistency and accuracy. Last edition we talked about it.

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Pricing Reservations Marketing 93

Eat Restaurant Management

NOVEMBER 1, 2023

To help you make an informed decision, we'll compare Yelp Reservations to other reservation systems, considering features, pricing, compatibility, & more.

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Reservations Pricing Information 52

MEWS

NOVEMBER 5, 2024

Traditionally, hoteliers relied on manual processes and disconnected systems to manage reservations, pricing, guest services and more. The evolution of hotel technology The hotel industry has seen rapid changes in technology over the past decade.

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Reservations Guest Services Pricing Property Management 130

Revenue Hub

JULY 26, 2023

NB: This is an article from Global Asset Solutions Unlike other products that can be stored and sold later, the prices of hotel room nights often fluctuate based on supply and demand, with prices typically rising during peak seasons or when major events are happening and falling during slower periods.

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Pricing Book Marketing Article 94

Revenue Hub

FEBRUARY 15, 2023

Attribute-based pricing is becoming an increasingly popular pricing model in the hotel industry. Subscribe to our weekly newsletter and stay up to date In this post, we are going to discuss what attribute-based pricing is, and how using an efficient rate structure can help you boost your overall revenue and profits.

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Guest Satisfaction Pricing Book Reservations 96

STAAH

DECEMBER 12, 2023

Here are 8 smart pricing strategies for hotels to boost revenue and drive more bookings during the holiday season The holiday season marks a period of increased travel, festive cheer, and heightened demand in the hospitality industry. Monitor and Adapt Continuous monitoring and analysis of pricing strategies and their effectiveness are vital.

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Pricing Book Catering Reservations 83

Revenue Hub

MAY 17, 2024

In the case of buyouts, it is the cost of taking the buyout rather than the usual transient business that would have filled the hotel to full occupancy and would have included in their reservations on shoulder nights (weeknights before or after the weekend nights).

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Pricing Marketing Article Reservations 104

Synergy Suite

MARCH 14, 2023

And that’s not even mentioning the benefits a quality restaurant reservation system provides to your front-of-house staff, allowing them to communicate and collaborate, find solutions in real-time, and generally have an ease and organization to their work. So, how do you choose the right restaurant reservation software for you?

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Reservations POS Systems Front of House Communication 52

SiteMinder

MAY 28, 2023

While prices for all German accommodation providers rose by seven per cent between 2019 to 2022, prices among those with 20 rooms or less grew 22 per cent in the same period. “However, generally, we have seen that smaller properties are leading the hotel industry in raising their pricing to reflect macroeconomic shifts.”

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Pricing Marketing Book Information 105

Revenue Hub

OCTOBER 31, 2022

And this has led us to a fork in the road where, in order to remain competitive and relevant in the industry, hotels must develop new data-driven pricing strategies. In this post, we will discuss why pricing is so essential for your hotel and how you can design an effective strategy that generates consistent revenue streams.

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Pricing Reservations Article Marketing 87

Revenue Hub

JUNE 13, 2023

NB: This is an article from Revenue Team by Franco Grasso , one of our Expert Partners One component is “dynamic pricing.” ” You’re familiar with this model when considering your rack rate vs. your bottom prices. First, consider your hotel has a pricing path. What are the bottom and starting prices?

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Pricing Book Events Article 52

Revenue Hub

MARCH 29, 2023

With the right approach and the right pricing strategy, rate parity can actually be a great opportunity to enhance your guest experience and generate increased ancillary revenue streams for your hotel. Where hotels are able to offer OTAs discounted prices provided they don’t do it publicly. What is rate parity? Narrow rate parity.

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Pricing Accounting Book Reservations 69

InnQuest

OCTOBER 17, 2023

Here’s a brief explanation of the reasons why hotel overbookings happen: Uncertain Cancellations: Hotels anticipate a certain percentage of reservations to be canceled. Revenue Maximization: In a bid to maximize revenue, hotels often accept more reservations than their actual room inventory.

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Reservations Guest Satisfaction Book Pricing 221

STAAH

NOVEMBER 26, 2023

The boutique New Zealand property – The Convent Hotel in Auckland changed its pricing strategy to be based on more real-time market conditions and customer demand. Listening to the guests was key to informing room pricing that yielded the best returns for the business, i.e. moving into the era of dynamic pricing.

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Pricing Demo Reservations Training 75

Hospitality Net

MAY 5, 2023

Produced in partnership with Hotel Tech Report, this 2023 Buyer’s Guide assists hotel owners and operators through the research, selection and vetting process when identifying a new technology partner to improve their revenue management, pricing and distribution strategy.

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Reservations Pricing 98

Hospitality Net

NOVEMBER 14, 2024

Imagine your city hosts a yearly festival, and you’re determining how to price your rooms for the upcoming year. Your revenue management system identifies that during the dates of the festival, there’s a spike in reservations and suggests that you increase room rates slightly during the festival period due to higher demand.

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Reservations Pricing 98

Travel Booster

FEBRUARY 5, 2024

6 benefits of an online reservation system for tour operators 1. And if your staff is busy handling a time-consuming inquiry or reservation, they’re simultaneously neglecting another potential reservation left on a voicemail. The post Top 6 Benefits of Tour Operator Reservation Systems appeared first on Travel Booster.

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Reservations Book Scheduling Communication 52

Modern Restaurant Management

FEBRUARY 14, 2024

Charging guests for booking a reservation that they don’t show up for is becoming more popular. Let’s start with the reservation charge. For now, I have recommended to my clients to only utilize the reservation charge during holidays (Mother’s Day, Christmas, New Years, Easter, etc.).

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Reservations Pricing Server Book 189

SiteMinder

FEBRUARY 9, 2023

Sydney, Australia – Newly released data from SiteMinder, the world’s leading open hotel commerce platform, highlights the increase in outbound reservation volumes from mainland China following the country’s relaxation of travel restrictions on January 8.

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Reservations Book Travel and Tourism Marketing 98

Modern Restaurant Management

AUGUST 2, 2024

As a result, they are making hard decisions to adjust prices and make menu changes. Restaurants were the worst affected, with 27 percent of patrons not following through with their reservations. For noncommercial operators (51 percent) and those in full-service restaurants (55 percent), menu enhancement is also a must as a motivator.

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Pricing Training Marketing Book 100

Hospitality Magazine

NOVEMBER 2, 2022

Woodford Reserve Old Fashioned Week will kick off in the most luxe way possible with Australia’s most expensive cocktail. The Woodford Reserve Gold Fashioned is a collaborative effort between the brand and two venues: Dean & Nancy on 22 in Sydney and Sky Bar in Melbourne. ” So what goes into the $15,000 price tag?

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Reservations Pricing Magazine 246

SiteMinder

OCTOBER 16, 2023

What is pricing intelligence? Pricing intelligence, also known as rate intelligence, is a way for hotels to optimise their pricing and profitability. It’s an essential part of a successful revenue management strategy and is implemented via the use of data and pricing intelligence tools.

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Pricing Information Marketing Book 59

Les Roches

JANUARY 17, 2024

Strategic decisions about menu design, customer de­mographics, and pricing strategies also play critical roles. By unde­rstanding effective pricing strate­gies, restaurants can achieve a sustainable balance betwe­en profitability and memorable customer experience. Bachelor in Hospitality Management.

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Pricing Information Marketing Accounting 52

The Restaurant Times

FEBRUARY 7, 2023

Menu pricing is one of the most underestimated aspects of restaurant management. If your customers don’t think the prices on your menu are reasonable, how great your concept or your food is won’t matter much. This is where the concept of dynamic pricing comes in to help restaurants! What Is Dynamic Menu Pricing?

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Pricing Reservations POS Systems Marketing 52

Revenue Hub

NOVEMBER 4, 2024

This growing preference for booking flexibility allows more guests to modify or cancel their reservations, which, in turn, raises the risk of cancellations and no-shows, posing challenges for hotels in managing occupancy and revenue. Prepayment strategies for hotels also reduce cancellation risks while attracting committed customers.

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Book Reservations Occupancy Management Pricing 94

OpenTable

APRIL 23, 2020

OpenTable’s software has always enabled restaurants to connect with diners to manage reservations, prepare for shifts, and maximize table availability. Locations that have never taken reservations may find themselves looking for ways to manage capacity. Second, big price cuts for 2020. … Read more.

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Pricing Reservations Book Marketing 105