pricing
“Upselling” the Value of Investing in Revenue Management
Hotel owners whose priorities align with property-level management on value of investing in revenue management will thrive in boom years to come
Intelligent Price Automation: A Lesson From Satellite Navigation
Setting your price based on historical trends and knowledge of the market is like setting off on a journey using a map or old school GPS
Creative Solutions for Setting the Hotel Forecast in 2021
As your forecast evolves predicting demand over a certain period, it is crucial to assess the new customer’s behaviour patterns which can impact occupancy
Restaurant Revenue Management: How Far Are We From Getting It Right?
Revenue generated is the ultimate goal and in Restaurant Revenue Management we calculate a key performance indicator called REVPASH
Hotel ADR – To Decrease or not to Decrease?
As the economic fallout of 2020 lingers over the sector, our ongoing research consistently reveals that the majority of Hoteliers expect to decrease ADR
US Hotels Weekly Demand Slips, But Still at Pandemic-Era Highs
Versus the previous week, hotels occupancy was down 1.1.% for the week to 57.9%, and was weakest on Wednesday and Thursday but still strong over the weekend
Large Hotels Rebound in Top US Markets Serve as Bellwether
All, are not created equal, and the losses in revenues, demand, and employment have been centered in large hotels, those with 300-plus rooms
4 Essential Hotel Metrics Every General Manager Should Track
Managing a hotel requires visibility and insight into your operations from every angle. Understanding hotel metrics, and how to measure them, is key
Why Personalized Pricing Is So Popular Right Now?
Personalized pricing takes dynamic pricing a step further to better tailor its customer’s real needs. Using this approach shows some advantages for both
Around the Globe Hotel Profit Perks Up, Just Not in Europe
The U.S. hotel industry was in need of a month like February. For Europe, it was another in a string of profitability pain. NB: This is an article from HotStats […]