pricing

You’re not looking to eliminate risk entirely. Instead, the aim is to manage it where you’re optimizing for revenue without stretching your resources thin

Across 10 host cities, basic mean average for hotels standard room over next 6 months shows rates have increased from €147 outside the tournament to €231

Understanding this multifaceted process is key to align offerings with target guests, moving beyond pricing competition to deliver value that resonates

FTC and DOJ makes clear that the government’s position is that hotels using algorithms to set room price are violating antitrust laws

With an effective attraction strategy in place, the focus shifts to maximizing the value of each guest interaction

Demand forecasting in hotel industry businesses can take a few different forms. Three of the most common hotel forecasting methods include:

Direct bookings boost profits, enable personalized experiences, data collection, targeted marketing efforts and can foster brand loyalty

When implemented strategically, discount pricing can help drive revenue, boost profitability and reach new segments

Overall, the median increase in rates for a standard hotel room compared to those nearby weeks was 44%, which is a huge boost to local hotel rates

Hotel price monitoring can be a hectic and time-consuming process. It’s normal to feel overwhelmed or confused amidst the plethora of option