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Within the field of revenue management new AI-based solutions can provide live market intelligence, help hoteliers optimize and even price automation

Go through the following six points to see how you may be leaving revenue on the table and how you can easily turn things around

Guest booking behavior has shifted, and previously well-established travel patterns have been replaced by new, unfamiliar ones

There’s still time to make the most out of the revenge travel era and maximize your hotel’s occupancy and revenue with smart, proactive pricing

Make forward-looking demand signals, such as monitoring of booking behavior part of the data set that informs your pricing decisions

We explore factors influencing price optimisation, number of calculations involved, why you can’t optimize without some technology and resistance to engage

Search data from trivago will enhance Atomize’s demand modeling and generate more revenue by optimizing rates in response to real-time market demand

The world changes real time, an optimal approach would be to assess your room pricing every second, every day, to detect and respond to subtle market change

Some may argue that competitor data shouldn’t impact your pricing strategy, we believe the pandemic has reinforced it can and should be an indicator

This white paper examines the tasks associated with revenue management and the reasons why the function was often burdened with workload issues