featured Archives - Page 37 of 107 - Revenue Hub featured Archives - Page 37 of 107 - Revenue Hub

featured

the words competitive pricing written down which can sometimes be reflected by discounting if used in a strategic way with finesse

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

Read more

person on a laptop with credit card possibly making direct booking on a hotel website reflecting importance of analysing unconstrained demand

Boost Hotel Bookings and Revenue: Strategies for Success in 2024

We explore effective ways for hoteliers to boost bookings and revenue in Q1 and Q2 of 2024 that align with the evolving landscape of travel and hotel trends

Read more

person with keyboard and graphs reflecting the power ai first business intelligence and analytics technology can have on hotel operations

Conversion Rate Doesn’t Matter, Revenue Does

There is a direct relationship between conversion rate, visits, and reservations numbers, and the higher any of these numbers are, more reservations result

Read more

letters spelling out the word pricing highlighting the importance of hotel forecasting and how to plan and price more strategically by predicting demand

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?

Read more

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

Read more

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

Read more

car with lights streaking by reflecting the fast changing landscape of the digital customer journey and the importance of understanding it

6 Strategies to Keep PACE With Changing Traveler Behavior

Hotel Leaders must be ready for a seismic shift in traveler behavior that affects everything from demand and distribution patterns to length of stay

Read more

two receptionists at hotel front office with one guest checking in and another on the phone illustrating the potential impact on hotel revenue of early check in and late check out

Revenue Management Is More Than Technology and Analysis… It Also Requires Good Judgment

Training hotel reception on best practices for early check ins and late checkouts help them recognize the hotel’s revenue goals and encourage positive reviews

Read more

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

Read more

word future reflecting the impact of ai integration on revenue management

The Future of Revenue Management: Maximizing Profits with AI

AI, particularly machine learning, brings a paradigm shift in revenue management. Here are some ways in which AI is transforming the industry

Read more