pricing
Traditional Revenue Management is Outdated, Reinvent Approach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
Mastering Revenue, Motivation, and Profit in your Hotel
In a dynamic environment, the key to surviving and thriving requires a focus on three areas: Revenue Enhancement, Team Motivation, and Profit Maximization
Why the All Inclusive Model Works in Price Sensitive Times
The concept of free-flowing food and alcohol might seem risky or profit-averse; however, there are key features of the all inclusive model which allow resorts to report impressive margins
8 Pricing Strategies for Hotels During the Holiday Season
Unlock the potential of the holiday season and elevate your hotel revenue using these smart pricing strategies tailored to meet the needs of your guests
Using Business on the Books in Complete Benchmarking Approach
Hotel owners and operators are best positioned for success when they measure their business from every angle. That is why no benchmarking experience can be considered comprehensive without frequent insight […]
Elevating Hotel Performance: The Impact of Dynamic Pricing on KPIs
With the integration of big data and advanced analytics, hotels can refine their dynamic pricing strategies to achieve even greater KPI improvements
The Shift from Room-Centric to Guest-Centric Revenue Management
The shift to guest-centric revenue management presents challenges for revenue managers who have long operated within traditional methodology frameworks
5 Holiday Offers You Can Create to Drive More Hotel Business
By offering creative and tailored experiences like staycations, quiet destination packages, group travel deals, and holiday events, your hotel can thrive
Avoiding Ethical Pitfalls from the Dark Side of Revenue Management
We follow up on a recent article outlining some of the revenue management practices that could be considered to run a little close to unethical
Driving Profitability with Precision: AI’s Pivotal Role in Revenue Management
The key to being successful in revenue management is following data trends closely to set the right price for the right guest, AI is perfectly suited to support this hotel function