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Hotel Pricing Strategy: 9 Key Factors To Drive More Bookings

STAAH

Before we dive in the strategies it is important to understand what Hotel Room Pricing is and how Hotel Reveneue Management plays a part in deciding your hotel room price. Hotel room pricing is a critical element of revenue management for hotels. 3) Forecasting Forecasting is the lifeblood of revenue management.

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The Ultimate Site Inspection Checklist & Guide for Planners

Social Tables

Preparation Conducting a site visit requires time management skills from both the planner and the venue itself. Final thoughts Checking out a new venue for the first time means managing a lot of moving parts with a site inspection checklist. And if the visit feels rushed, make a note of that as well. If so, when? If no, why not?

Events 102
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Hotel Night Audit Process: A Comprehensive Guide!

Hotelogix

This blog will explain how to do a night audit at a hotel with a cloud-based hotel property management system like Hotelogix. Verify room rates Comparing guest registration records with room reports is mandatory to ensure rack rates and actual rates are the same. What is Night Auditing in the Hotel Industry?

Revenue 52
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Hotel peak season: Strategies for small hotels

Little Hotelier

However, you may also be worried about managing the increased workload that awaits you. You don’t accept reservations at specific discounted rates for multiple night stays extending into the sold out period. Guests who want to stay beyond the maximum length of stay period can be charged rack rate for subsequent nights.