pricing
Beyond the true Competitive set, how many does your hotel have?
A competitive set might be the most important tool hotel operators have at their disposal, that shows where your hotel stand against your competition on a daily/weekly and monthly basis. […]
U.S. online hotel room rates are up 0.6% from a year ago this October
Hotel room rates in the top-25 most popular U.S. destinations are averaging $219.06 this October, up from $212.57 in September, according to online hotel room price indices from trivago’s unique […]
The future of automatic pricing in travel
In what can be viewed as a sign of the times, revenue management for home rentals won the day at EyeforTravel’s recent startup and innovation awards in Las Vegas It […]
Five ways to find the right pricing strategy for your hotel
Revenue managers dedicate a big part of their day to managing hotel rates and driving profits. They are constantly analyzing data and various influencing factors to find that coveted sweet […]
The Key to Pricing Your Hotel “Just Right”
One of the most challenging and important aspects in revenue management is providing the right price for the right customer at the right time. It can be a struggle to […]
Cheap Commodities: How Hotels Have Become Pork Bellies
NB: This is an article by Tambourine From an outside point-of-view, a hotel should be anything but a commodity. After all, guests should be placing high value on a product […]
6 Psychological Pricing Tricks for Hotel Revenue Managers
In the chaotic universe that is the daily life of Hotel Sales and Revenue Management, it can often be difficult to think of creative ways to approach pricing. Don’t worry, […]
Ideal Pricing vs Only Pricing: Revenue Strategy Beyond Price
Hospitality experts agree that hotels can’t maximize profitability by managing rates alone. When your revenue strategy only focuses on managing price, you can’t deliver optimal results. Managing only price works […]
Arm Your Sales Team with Dynamic Pricing Strategies
An argument could be made that the hotel industry was late to the revenue management game. While airlines were early to develop dynamic pricing strategies, it wasn’t until much later […]
Group Rate Pricing is Going for Gold
Remember the days when you would gather around a table and sales managers would bring their group inquiries to hash out which business to accept and at what rate? Sales […]
