Hotelogix

NOVEMBER 19, 2023

You can increase your rate and occupancy as many people will be looking to book their accommodations. Are they families, couples, or business travelers? It enables you to adjust rates and marketing strategies to attract more guests during peak/off times. Do they prioritize luxury or affordability?

Occupancy 59

Occupancy Maximum Length of Stay Minimum Length of Stay Revenue Management 59

Little Hotelier

OCTOBER 11, 2023

For hoteliers, peak travel season is all about making hay while the sun shines. By positioning yourself as the first choice for your target guest, you can charge a higher rates for your rooms – which guests will be more willing to pay given they are competing against so many other travellers.

Maximum Length of Stay 52

Maximum Length of Stay Minimum Length of Stay Overbooking Occupancy 52

Xotels

APRIL 3, 2024

This is done by thoroughly understanding your property, its customers, and the market. Understand your Hotel´s Market The success of your revenue management strategy depends on how well you understand your market. This is one of the first steps when creating a revenue management strategy, performing thorough market research.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Hotelogix

NOVEMBER 13, 2023

The answer to this question is quite simple – if you charge too high, you will lose customers to your local competition that offers reasonable rates for more or less the same type of accommodation and services. Look at their rates for each room category and try to find out how travelers react to the same.

Revenue 52

Revenue Occupancy Forecasting Minimum Length of Stay 52