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3 people working in a hybrid hotel demonstrates the varied inventory needs required to respond to demand

How Hybrids & Hostels Can Rapidly Shift Inventory For Changes in Demand

Hybrids face unique challenges that include complexity of different inventory types in the same building but they also have particularly demanding customers

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dilapidated hotel reflecting need for hotels to start focusing on their website and check it is recession proof

Hotels Are Not The Future of Hospitality

There’s a new opportunity opening up in travel that will change the balance of power in hospitality over the next decade

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hotel rooms with one of a different colour reflecting an idea that hotels should be looking at micro targeted pricing

Micro Targeted Pricing Is The Future

Scratch beneath the surface of open pricing and it’s flawed. It relies on the operator and rules set. It’s time for a big leap into the future of pricing

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image for pace revenue new dashboard update announcement

Pace Revenue Launch Brand New Dashboard and Redesign Navigation

With our new portfolio level dashboard we want to help our customers understand how they are performing across their properties

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two puzzle pieces reflecting how an rms can help in periods of low demand

How an RMS Can Help in Periods of Low Demand

Uncertainty is real! We don’t know the forecast perfectly nor demand function. A modern RMS works 24/7 to adjust to uncertainty and to quickly adapt pricing

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hotel revenue management demand forecasting is like adding pieces to a jigsaw puzzle

Forecasting Uncertainty – The Metric We Need

Forecasting uncertainty is important for pricing and it’s important for the cost-benefit analysis that an RMS needs to make on behalf of the clients

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sad face reflecting how technology claims about increasing revpar are not always delivered

Why RevPAR Increase Marketing Claims Can be BS

It makes sense to let algorithms do much of the price change and a half decent RMS should deliver. But the question is – by how much will my RevPAR go up?

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steps representing the continual pricing approach required in towards hotel revenue management

Continuous Pricing without an RMS

These are some basic ways to get a feeling for Continuous Pricing concepts but only by embracing the four elements can you expect the best results

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two apples of different types illustrating importance of validating when comparing one hotel rms to another

How to Fix the Validation Problem When Choosing an RMS

A hotelier may decide to choose a ‘cheaper’ RMS system because they think they are saving money but they are overlooking the fact performance is everything

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data fraud in hotel industry

Exposing the Hotel Big Data Fraud

In many cases these lists of data source are almost ridiculous: flight search data, social media sentiment analysis, predicted weather patterns, etc. etc

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