pricing

What is the purpose of revenue management, and why is it so important to design and implement an effective revenue strategy in your hotel

Higher interest rates and foundering financial markets augur a potential global recession that could derail the ongoing hotel comeback

Fair pricing is not about underselling or undercutting competition. It’s about finding the right balance between business success and customer satisfaction

Impact of possible recession could be influenced by how leisure demand had an outsize impact on the ongoing demand and will business travel continue to lag

We look at how a hotel increased their summer mid-week occupancy rates and how to apply this strategy across different seasons

While hotel owners may worry about the potential negative impact of charging resort fees, that has not deterred the practice or slowed the rate of increase

Is the US Hotel industry in a race to the bottom? Is it at risk of over commoditization where price becomes the only differentiator?

With the ebb and flow of pricing, rate changes must be frequent, and a hotel must regularly adjust pricing based on demand, forecasts, and competition

SWOT analysis for Hotels comes in handy when deciding whether to proceed with specific changes or investments in your hotel by analyzing the pros and cons

Understanding hotel profitability ratios isn’t always straightforward because you may not have all the information you need to understand your ROI or ROE