STAAH
MAY 21, 2024
Decision: Should we increase or hold the retail pricing on online travel agents (OTAs) and the brand website? Consideration: Evaluate market demand, competition pricing, and historical booking trends. However, the price hike should still reflect competitive rates and market demand to avoid turning potential guests away.
Experience Hotel
MAY 30, 2024
Il donne une indication précieuse sur la popularité et l’efficacité des stratégies de marketing de l’hôtel. Cet indicateur aide à comprendre les habitudes de séjour et peut influencer des décisions en matière de tarification et de marketing. Pourquoi utiliser des KPI ? Pourquoi utiliser des KPI ?
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SiteMinder
MAY 21, 2023
Although the target market has since changed, what remains constant is the hotel’s standards and work ethic. Recognising the need for technology, the team turned to SiteMinder’s channel manager as the solution to expand sales channels effortlessly. Previously, the resort handled all tasks manually, which was time-consuming.
Xotels
APRIL 3, 2024
History of Revenue Management: Where It All Started Yield Management vs. Revenue Management – What is the Difference? Why is Revenue Management Important to Hotels & Other Industries? What Makes Hotels Suitable to Apply Revenue Management? What Does the Process of Revenue Management Look Like?
SiteMinder
DECEMBER 20, 2023
It is overflowing with best-in-class functionality, offering all that ThinkReservations offers and much, much more: business intelligence , marketing assistance, OTA partnerships and a powerful booking engine, to name but a few key features.
Cloudbeds
JULY 15, 2023
And even then, manually-managed distribution is risky: any delays in updating rates and availability on a channel’s extranet could mean selling a room that isn’t available or selling at a lower rate, which can lead to overbooking and sub-optimal yield management. The same happens with a cancellation.
Xotels
APRIL 3, 2024
Article Summary What is Revenue Management? In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. This is done by thoroughly understanding your property, its customers, and the market. Also, gone are the days of selling the majority of your rooms through OTAs.
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