pricing
Airlines inching closer to dynamic pricing
Imagine if airlines could tailor fare offers based on who was making the ticket inquiry, rather than strictly on the search criteria. Well, industry technology and revenue-management experts say those […]
Earn more direct bookings for your hotel with transparency
On Monday morning, I decided that since I knew all about the high commissions that hotels are charged for bookings through online travel agents (OTAs), I would do the right […]
Why 2018 Will Be Great: Hotel Industry Forecast
The big news in 2017 was the stock market, consumer confidence and the economy in general. Tax reform, wage growth, reduced regulations and the strength of our nation could keep […]
‘Dynamic pricing’ could make airfares even more confusing
I’m old enough (perhaps you are, too) to remember when airlines published all their airfares in their timetables, which were issued once a month. Back then airlines were regulated by […]
Hotstats Hotels Performance: MENA, Europe, UK and US (December 2017)
MIDDLE EAST & AFRICA An uplift in room occupancy levels helped drive growth in revenue and profit for hotels in the Middle East and Africa this month, and marked a […]
Best Available Rate: “Rumors of my death greatly exaggerated!”
According to some, the concept of the Best Available Rate (BAR) is a thing of the past. NB: This is an article by Blake Madril, Revenue Technology Strategist at IDeaS […]
Hotstats Hotels Performance: MENA, Europe, UK and US (November 2017)
MIDDLE EAST & AFRICA Despite successfully recording growth across a number of revenue departments this month, hotels in the Middle East and Africa suffered a 1.8% year-on-year drop in GOPPAR, […]
Tips to optimize ADR and occupancy rates at your independent hotel
The Average Daily Rate or the ADR in the hotel industry is often a primary concern for most hotel owners. However, in today’s times, every hotel owner including independent hoteliers […]
How to Sell Hotel Rooms Without Offering Discounts
Slashing room rates can feel like an obvious and easy solution to a decline in bookings. However, your marketing strategy should not appear obvious or easy. Low prices invite the […]
2 Types of Data Needed for Successful Dynamic Pricing
What is Dynamic Pricing? As we know, the main goal of Revenue Management is to sell the right product to the right customer at the right time and for the […]