BEONx
The Importance of Forecasting Accuracy in Revenue Management
Prioritizing forecasting accuracy will contribute to your business’s profitability and long-term success in the dynamic hospitality industry
Key Components of a Successful Hotel Quarterly Business Review
A quarterly business review (QBR) is a meeting held every quarter to review the hotel performance and define areas for improvement for next quarter
Maximising Hotel Profitability by Measuring Willingness to Pay
The concept of willingness to pay (WTP) relates to how much a guests are prepared to pay for a room and for each of your ancillary services
OTAs: The Pros and Cons of Working With Them
Working with OTAs can enhance your revenue management and distribution channel strategies, but there are also some downsides
Price Integrity in Hotel Revenue Management: Strategies and Tips
The objective of price integrity is to ensure transparency and avoid misleading customers with incorrect or unjustified pricing information
What is Revenue Management Automation and Why is it Key?
Revenue management automation has been around for a number of years now. However, we now need to start thinking about automation at a higher level
3 Tips to Boost Your Hotel’s Total Revenue Management Strategy
Most professionals in the hospitality industry now recognise that strategic revenue management is one of the key levers of business success
Why You Need Rate Parity in Your Hotel Pricing Strategy
Whether you rely on attribute-based pricing or demand-based pricing, it’s important to find a balance between direct bookings and bookings via OTAs
Machine Learning And Its Importance In Hotel Revenue Management
Let’s explore how exactly you can use machine learning to streamline and enhance your revenue management processes
Yield Management: How it Can Help You Optimise Your Revenue
Yield management controls enable you to filter your demand so that you can attract the most profitable market segments to your hotel
