Hotelogix

NOVEMBER 19, 2023

You can increase your rate and occupancy as many people will be looking to book their accommodations. Ultimately, it leads to more sales via online channels, resulting in improved hotel occupancy. It can also help you to optimize your pricing strategy, as extended stays may be more profitable than shorter ones.

Occupancy 59

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

Xotels

APRIL 3, 2024

Without a healthy distribution mix including a strong website and direct sales, you can forget about your profit margins. Have both on and- offline marketing/sales content available to entice group stays. Ancillary revenue refers to income derived from goods or services offered beyond the core accommodations offering.

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. You should modify your room pricing either based on maximum length of stay or minimum length of stay to enhance occupancy.

Revenue 52

Revenue Occupancy Minimum Length of Stay Forecasting 52

Xotels

APRIL 3, 2024

Without a healthy distribution mix including a strong website and direct sales, you can forget about your profit margins. Have both on and- offline marketing/sales content available to entice group stays. Ancillary revenue refers to income derived from goods or services offered beyond the core accommodations offering.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40