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Building customer relevance to grow market share

Boutique Hotel News

Hotels and accommodation providers are faced with the challenge of appealing to and attracting customers whose demands and behaviours have shifted significantly over the last few years. Remaining relevant to guests is key, and those that don’t are at risk of losing market share.

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Hotel Revenue Management Strategies

Xotels

Collaboration with other departments The Future: Total Revenue Management What is Revenue Management? Without a solid revenue management strategy, a hotel will just get lost in the pile of other hotels – being unable to reach satisfactory visibility and level of business to remain open.

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Forecasting for the hospitality industry

Cloudbeds

These trends can impact room rates, ancillary revenue, and overall occupancy patterns. Competition from alternative accommodations Hotel businesses must factor in the continued popularity of platforms like Airbnb , as well as changing preferences for accommodation types driven by a desire for privacy.

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Top Revenue Management Strategies for Hotels

Xotels

Collaboration with other departments The Future: Total Revenue Management What is Revenue Management? Without a solid revenue management strategy, a hotel will just get lost in the pile of other hotels being unable to reach satisfactory visibility and level of business to remain open.

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What is Hotel Revenue Management?

Xotels

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Advance Sales: The hotel product, represented by rooms, can be sold in advance, enabling revenue managers to strategically plan and optimize occupancy levels over time.