revenue

Transitioning existing revenue management staff to an AI-driven approach presents its challenges that hotels must proactively address

Make your website the pillar of your online marketing that sets you apart from your competitors to better sell your hotel directly

Restrictions can cover various areas, including pricing, booking conditions, availability of rooms and services, and general capacity

It is wise for hotels that looking into their price positioning to maintain rather high pricing, because there will still be sell out days

Tackling booking engine abandonment requires a strategic approach. By implementing these tactics, hotels can turn hesitant browsers into satisfied bookers

Not only will upselling in the front office help you meet and exceed guest expectations, but it will also let you unlock another lucrative revenue stream

By implementing the strategies discussed, you have tools needed to optimize your phone reservations and reap rewards of higher direct bookings

The increasing adoption of dynamic pricing across various sectors signals a shift towards more sophisticated revenue management strategies

Once you’ve pinpointed the relevant guest personas, your promotional efforts, distribution strategy and revenue management will be clearly focused

In order to monitor upselling performance, senior leaders need to determine which key metrics are most important