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In the competitive world of hospitality, having a strong sales strategy is key to ensuring your hotel's success. The right sales tactics can help increase revenue, boost occupancy rates , and ensure guests have a positive experience. Implement Dynamic Pricing for Optimal Revenue What is Dynamic Pricing?
For hotels, that involves collecting and analyzing data across various sources, including your hotel website, social media channels, online travel agencies (OTAs), surveys, and more. This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency.
Maximize sales with a results-driven team In the bustling hospitality sphere, mastering sales techniques can set a hotel apart. It begins with laying out realistic targets, then on-point upselling and cross-selling, culminating in the art of tailoring unique sales alternatives.
US VAT: In the US there is no federal sales tax. US sales tax is instead set by state and local authorities, and most charge both a sales tax (2.9%–7.25%) 7.25%) and some form of bed tax, occupancy tax, lodging tax or hotelsales tax (0%–20%). In terms of tools, it’s wise to take a two-pronged approach.
Packages and offers are two prominent ingredients of a successful hotel recipe. Offering discounts and packages quickly draw travelers into your hotel, intrigues them to make a reservation, and help you boost occupancy. Events are one of those special things that people usually look for when they explore hotels and gateways.
Leveraging Technology to Drive More Bookings for Your Hotel By Justin DeRise The foundation of any hotelsales and revenue strategy lies in its distribution channels. A distribution channel is simply any forum or platform that a hotel uses to advertise and sell its rooms.
Customers make up a more significant percentage of a hotel’s revenue generation. The goal of every hotel owner is to attract customers (both new and old) to their property because it increases the occupancy rate and the hotel’s revenue. Not just for upselling, but to let them know that you sincerely care about them.
Demand360 currently captures the most comprehensive view of the hospitality market to inform hotel strategies. Based on insights from 44,000 hotels and 35 million short-term rental properties, Demand360 provides a 12-month, forward-looking view of a hotelâs occupancy and its market ranking as well as two years of retrospective data.
Demand360 currently captures the most comprehensive view of the hospitality market to inform hotel strategies. Based on insights from 44,000 hotels and 35 million short-term rental properties, Demand360 provides a 12-month, forward-looking view of a hotelâs occupancy and its market ranking as well as two years of retrospective data.
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