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What is Yield Management: Guide for Hotels

SiteMinder

Reservations management can be defined as a service role which includes tasks such as assigning room categories, dealing with VIP guests, customer interaction, converting calls to bookings, updating availability, and managing upgrades. Cross-selling, on the other hand, promotes additional services, such as spa treatments or dining packages.

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Hotel Revenue Management Strategies

Xotels

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. Have both on and- offline marketing/sales content available to entice group stays.

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Top Revenue Management Strategies for Hotels

Xotels

Understand your Hotels 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. Have both on and- offline marketing/sales content available to entice group stays.