revenue
Bristol sees highest hotel price increase
Bristol saw hotel prices rise by 13% in 2014 compared with the year before – the biggest rise in the country. That’s according to the Hotel Price Index published by Hotels.com, […]
The OTA duopoly: Priceline vs Expedia
Online Travel Agencies, better known as OTA, have been around for almost 20 years, so we really shouldn’t treat them as a novelty by now. Expedia was launched back in 1996 while Priceline […]
Average U.S. Hotel Prices Increased By Five Percent in 2014
Americans paid an average of $137 per night for hotel accommodations in the U.S. during 2014 – an increase of 5 percent compared to 2013. The new findings from the […]
How to Hire and Incentivize Reservations Staff to Grow Direct Channel Revenues
Direct channel bookings in recent years have become synonymous with online bookings for many hotels, but a closer look at direct booking data shows that for many hotels only 10-15% […]
How to yield rates to maximise your hotel’s revenue growth – part 2 of 2
Yield management is fast becoming a pivotal pricing strategy for today’s hotelier. Long gone are the days when it was just about room sales. Today, hoteliers need to consider packages, amenities […]
How to yield rates to maximise your hotel’s revenue growth – part 1 of 2
Yield management is fast becoming a pivotal pricing strategy for today’s hotelier. The concept is based on understanding, anticipating and influencing your guests’ behaviour in order to maximise revenue or […]
Forget your competitors, consumer demand is how to set revenue pricing
It’s a familiar scenario – and as a former hotelier, I’ve seen it played out many times before. Across the hospitality sector, we’re trained to watch our competitors and react […]
How to store, track and promote your hotel inventory effectively – part 2 of 2
Increased competition and transparency in today’s booking landscape is making effective management of inventory a high priority for today’s hotelier. In Part 1 we discussed three key aspects of creating […]
Get your Revenue Management in Shape for 2015!
During the first few days of a new year, everyone is busy planning their personal new year’s resolutions. But although most of us spend the beginning of each year focused […]
How to store, track and promote your hotel inventory effectively – part 1 of 2
Your hotel’s inventory is its greatest asset and represents a major part of your investment. That investment is tied up until rooms are sold, making the effective management of inventory […]