pricing

The new normal has made all historical data redundant, making it stressful for an airline to efficiently forecast demand and price in today’s environment

Middle East Hotel performance momentum could be blunted over resurfacing of more cases across region and some governments unwillingness to shut back down

The pace and ota insight integration of rate shopping data between both platforms is a significant stride forward, offering hotels significant benefits

A strong revenue management strategy allowing you to secure market share and maximize average spend is key to success in this time of slowly growing demand

Despite top-line growth, hotels in APAC were able to avoid cost creep and managed to reduce labor costs and overheads by 6.7% and 1.3%, respectively

As of May, and on a month-over-month (MOM) basis, hotel performance is either stabilizing or picking up. April, fingers crossed, was the bottom

Despite the existing uncertainty, non-refundable rates are again growing in June doubling, up to 10%, the numbers of previous months

Most agree it’s difficult to predict how pricing will evolve, with uncertainty over reduced air, hotel, cruise and tour capacity to allow social distancing

We look at critical metrics and trends that Revenue and Hotel Managers should pay attention to now, to be prepared for reopening and rate recovery strategy

Putting successful strategies in place, like upselling, can be a great resource to increase your revenue per booking, and mitigate losses