pricing

Revenue managers face the common challenge of obtaining quality research and analysis to determine the competitiveness of a proposed pricing structure

Properties are looking more closely at the guest that reserve these rooms, what they are interested in, and how to capture more interest based revenue

To maximize revenues and enhance the guest experience, one must embrace a comprehensive revenue strategy that looks beyond the room rate

Having adequate F&B is not a guaranteed competitive advantage but lacking sufficient hotel F&B has become a disadvantage

Many companies are more interested in dynamic pricing because they enjoyed flat rates that carried over the last few years and expected prices to increase

You, as a hotel owner or revenue manager, have the power to create a solid reputation that helps you build a successful brand

For one thing, your Black Friday rate needs to be the absolute best you offer because that’s what customers have been conditioned to expect

To sweeten the deal operators often offer the bundle at a discount, with two types of discount frames dominating practice

Offering targeted and personalized offers to your customers (before and during their stay) improves customer experience and increases TRevPAR

Lead time is a formula used to calculate the time between a guest confirming a reservation at your hotel, and their arrival date