Revenue Hub
OCTOBER 1, 2024
As a hotelier, one of the most critical aspects of revenue management is setting the right prices at the right times. This is where a seasonal pricing strategy comes into play. We explore what a seasonal pricing strategy is, why it’s essential, and how you can effectively implement it in your hotel.
Revenue Hub
MAY 9, 2024
Let’s talk about something revolutionary, yet as ancient as commerce itself: value-based pricing. It’s time to ditch the old-school, cost-plus mentality and hello to a pricing strategy that actually makes sense for your independent hotels. Why It Barely Works The fundamental flaw of cost-plus pricing is its inward focus.
Revenue Hub
SEPTEMBER 25, 2023
Talk to any hotel operator about empty rooms, and you’ll likely hear about price sensitivity. What if the relentless focus on price is causing more harm than good? If you think you know all there is to know about price sensitivity, prepare to think again.
Revenue Hub
NOVEMBER 15, 2023
In the good old days, hotel room pricing used to be simple. As a result, however, hotels were often under priced when travellers were willing to pay more and overpriced when travellers were price sensitive. Subscribe to our weekly newsletter and stay up to date Today, most hotels take a dynamic approach to pricing.
Revenue Hub
JUNE 27, 2023
When hotels implement dynamic pricing, they are constantly adjusting their room rates based on mathematical algorithms aimed to increase occupancy based on area demand. The success or failure of price optimisation often depends on how the strategy is specifically implemented at an individual property. 2. Offer competitive rates.
InnQuest
APRIL 3, 2023
Maximizing Revenue in a Competitive Market Implementing a dynamic pricing strategy can improve revenue management and help hotels maximize profits. With real-time, automatic rate optimization, hotels can adjust rates dynamically in response to demand fluctuations, ensuring they are competitively priced.
Hospitality Magazine
AUGUST 21, 2024
The event will celebrate Gruner Veltliner from both Australian and Austrian producers. Hills Collide will continue to produce its own products, including wine, vermouth and gin, ensuring good quality at affordable prices. The kitchen will prioritise high-quality, locally sourced produce from the Adelaide Hills and surrounding regions.
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