pricing

What are the Pros and Cons of Dynamic Pricing?

By focusing on area supply and area demand, hotel dynamic pricing allows room rates to fluctuate constantly to capture more business

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Impact of Seasonality on Hotel Revenue: Understand Highs and Lows

Seasonality significantly impacts hotel revenue, presenting both challenges and opportunities for hoteliers

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Revenue Management: The ‘Art’ Behind the Science

Even if you understand the basics of revenue management, you may still have some questions about how to create an effective strategy

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LodgIQ Unveils Four Innovative Revenue Optimization Products

. Our mission is to provide hoteliers with the most innovative and effective revenue optimization solutions to achieve effortless profitability

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Explaining Hotel Revenue Management Through 4 Movie Storylines

When talking about revenue management, it is important to tell the right story to the right person in a way that is relevant to them

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clear vision through glasses reflecting importance to hotels of forecasting accuracy

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

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Please Stop Basing Your Rate Strategy On Your Competition

Sometimes your competition’s rates will be applicable, but moderation is key.  Do not let your competitors drive your rate strategy

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Maximizing Hotel Profitability: Discovering Your Most Valuable Guests

It’s not always about filling every room every night; it’s about attracting and retaining guests who bring the most value to your hotel

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doors with one of a different colour reflecting why hotels should use a hotel rate shopper to compare their room prices with others

What Is a Hotel Rate Shopper and Why Do Hotels Need One?

The ultimate objective of rate shopping is to achieve maximum revenue, grow ADR and occupancy and capture optimal business mix

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coins being added to a glass jar with the shoot of a plant growing from the top reflecting how cost based pricing ensures if hotels sell their rooms then that are guaranteed to make a profit

Green Revenue Revolution: Intersection of Sustainability and Revenue Management

The green revenue revolution is carving a path where sustainability and profitability are not just co-existing, but are complementary goals

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