revenue
‘Dynamic pricing’ could make airfares even more confusing
I’m old enough (perhaps you are, too) to remember when airlines published all their airfares in their timetables, which were issued once a month. Back then airlines were regulated by […]
Why rate management is not revenue strategy
The practice of revenue management encompasses several activities that revenue managers can use to help steer their hotel’s profitability and performance. These responsibilities are vast and varied—they can range from […]
What’s the ideal mix of OTA business for your property?
The groundswell of support for “book direct” initiatives is squarely aimed at reducing reliance on online-travel-agency production. Blindly following a course of action to simply reduce OTA transaction mix by […]
How to Prevent and Manage Cancellations and No-Shows
It’s happened to every hotelier. The afternoon begins well, the transition between check-out and check-in is proceeding, rooms are being cleaned, last minute details arranged, special requests organized, and you’ve […]
Getting visual with Revenue Management
Revenue management is not easy. Maintaining complex, sophisticated systems requires RM analysts with an often tough-to-find mix of market knowledge, business acumen, analytical and communication skills. NB: This is an […]
Hotstats Hotels Performance: MENA, Europe, UK and US (December 2017)
MIDDLE EAST & AFRICA An uplift in room occupancy levels helped drive growth in revenue and profit for hotels in the Middle East and Africa this month, and marked a […]
Increase Hotel Revenue Without Putting More Heads in Beds
You are so much more than a bed! For every traveler stepping through your doors, there are ten more locals waiting to take advantage of what your hotel has to […]
Data reveals risks, prospects facing US hotels in 2018
With the start of the new year, many of us take stock of where we are and what 2018 holds in store. The status of U.S. hotels partly depends on […]
A New Approach To Lifetime Value Of Guests
Revenue managers spend a lot of time and resources (rightly so) trying to determine the lifetime value of particular guests. Perhaps a better strategy would be to shift their attentions […]
Pricing intelligence tools offered by OTA’s… to trust or not to trust?
As Revenue Management becomes more and more relevant in the Travel industry and more hotels finally begin to understand the importance of dynamic pricing fluctuations, various hospitality companies start introducing […]