pricing

Maximizing Total Profitability: Transitioning from RevPAR to RevPAG

In the ever-evolving landscape of the hospitality industry, transitioning from RevPAR to RevPAG is not just a trend; it’s a strategic imperative

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the words competitive pricing written out illustrating the importance for hotels to prepare their pricing strategy for the upcoming holiday season

Discounting Isn’t Always a Bad Strategy, But You Might be Doing it Wrong

Discounting has a bad rep, but it’s time to set the record straight. When used strategically, it can boost revenue, attract new guests and enhance loyalty

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letters spelling out the word pricing

Price Oscillation: Unraveling the Pendulum Effect on Hotel Rates

Average daily rate per room values has experienced greater growth in the last 3 years, but will price continue to grow rapidly? Will there be a correction?

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hotel guests at a luxury resort which faces different strategic revenue management challenges

The Art of Resort Hotel Revenue Management: Specifics and Strategies

While the basic principles of revenue management apply to all types of hotels, resort hotels have important strategic considerations

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How to Properly Record Hotel Packages & Revenue Recognition

A hotel packages is a combination of a room and at least one other component, like a bed and breakfast package

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computer generated skyline with data overlays and bright light in one corner possibly reflecting a bright future for the hotel and travel industry

Unveiling the Future: Hotel and Travel Trends in 2024

As we step into 2024, several key trends are set to redefine the hotel landscape. Let’s explore top trends that will shape the industry in the coming year

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person sitting near an old piece of technology reflecting how an rms can feel too complicated and that is why on 30 percent of hotels use one

Traditional Revenue Management is Outdated, Reinvent Approach

The demise of traditional revenue management is a reality we can’t ignore. To thrive in today’s competitive industry, you must adapt or face consequences

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Mastering Revenue, Motivation, and Profit in your Hotel

In a dynamic environment, the key to surviving and thriving requires a focus on three areas: Revenue Enhancement, Team Motivation, and Profit Maximization

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Why the All Inclusive Model Works in Price Sensitive Times

The concept of free-flowing food and alcohol might seem risky or profit-averse; however, there are key features of the all inclusive model which allow resorts to report impressive margins

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8 Pricing Strategies for Hotels During the Holiday Season

Unlock the potential of the holiday season and elevate your hotel revenue using these smart pricing strategies tailored to meet the needs of your guests

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