Hospitality Net

NOVEMBER 17, 2023

Competitor-based pricing or competition-based pricing is a data-driven approach where businesses use advanced analytics to set their prices based on competitors’ rates. In the hotel industry, this involves leveraging sophisticated pricing algorithms and software to monitor, in real-time, the room rates of comparable hotels.

Hotels 245

Hotels Business 245

Skift Blog

FEBRUARY 2, 2024

Hotel prices soared post-pandemic, but with inflation cooling and travel normalizing, 2024 poses the question: Can pricing strength hold? Skift Take: Goodbye double-digit growth? We think so. Pranavi Agarwal Read the Complete Story On Skift

Hotels 222

Hotels Travel 222

eHotelier

MAY 9, 2024

Effective pricing strategies are crucial for capturing consumer attention and driving sales. Leveraging psychological biases and tricks can profoundly influence consumer perception and behavior, so let's explore several proven pricing strategies that smartly use human psychology to enhance business success.

Consumer 111

Consumer Sales Business 111

Skift Blog

DECEMBER 8, 2023

Skift Take: Delta executives revealed the airline has started experimenting with AI to determine pricing and assist with reservations as part of a growing industry trend. Meghna Maharishi Read the Complete Story On Skift

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Skift Blog

OCTOBER 11, 2023

Skift Take: Disney is taking a different approach to ticket price increases in California compared to Florida, with industry experts suggesting it's strategic. Selene Brophy Read the Complete Story On Skift

Operations 257

Operations 257

Hospitality Net

SEPTEMBER 12, 2023

Developed by Duetto, Open Pricing transformed revenue management in the hotel industry.

Revenue Management 264

Revenue Management Revenue Hotels Management 264

Lodging

NOVEMBER 30, 2023

J&P Asset Management manages 109 hotels, about 85 percent of which are […] The post Succeeding in Extended Stay: Operational and Pricing Insights From a Specialist in the Sector appeared first on LODGING Magazine. The third installment will focus on development and guest service trends in the leisure market.

Operations 313

Operations Management Services Market 313

Hospitality Net

JUNE 21, 2023

Independent Products now allows hoteliers to optimally price each product based on its individually unique demand patterns and any linked rates associated with those products, down to the room-type level.

Revenue Management 238

Revenue Management Revenue Services Hospitality 238

Hospitality Net

FEBRUARY 22, 2024

are among a group of hotel chain operators accused of inflating the cost of luxury hotel rooms with help from a price-setting database. Hilton Worldwide Holdings Inc. and Hyatt Hotels Corp.

Hotels 185

Hotels Operations 185

Skift Blog

JUNE 15, 2023

But the inflation data suggests that most hoteliers have raised prices in-line with their rising costs rather than capturing excess profits. Skift Take: Travel sticker shock is giving way to anger for many consumers. Seth Borko Read the Complete Story On Skift

Consumer 227

Consumer Travel Hotels 227

Skift Blog

MAY 10, 2023

But it needs to fine-tune its pricing and flexibility to stay competitive. Skift Take: TUI was doing "the connected trip" before Booking.com was born. Selene Brophy Read the Complete Story On Skift

Operations 220

Operations Travel 220

Hospitality Net

MAY 31, 2023

While prices for all German accommodation providers rose by seven per cent between 2019 to 2022, prices among those with 20 rooms or less grew 22 per cent in the same period.

Accommodation 235

Accommodation Market Marketing Hotels 235

Skift Blog

SEPTEMBER 21, 2023

It's incredibly unlikely much of the European Union will support France's push for minimum pricing on flights. Skift Take: European authorities will seemingly have to find way other ways to reduce the carbon footprint of the airline industry. Rashaad Jorden Read the Complete Story On Skift

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Hospitality Net

APRIL 12, 2023

USD in 2022 compared to the previous year, the prices for additional services such as breakfast, room service, and spa treatments were only raised by an average of 7%. While the Average Daily Rate (ADR) in Europe increased by 18.5%

Average Daily Rate 264

Average Daily Rate Hospitality Services Management 264

Anthony Cole Training

JANUARY 6, 2022

One of the top challenges we discuss with sales managers and leaders is how to get their salespeople to start selling value and stop caving on price.

Sales 219

Sales Management Sales Process Business 219

Lodging

FEBRUARY 7, 2024

Duetto acquired Micerate, a provider of pricing and online booking tools tailored for meetings and event spaces. The milestone underscores Duetto’s dedication to revenue management solutions, with a focus on the groups and events sector.

Events 157

Events Revenue Management Revenue Management 157

Hospitality Net

MARCH 20, 2024

This innovative solution empowers executives to make real-time pricing decisions, freeing them from desk constraints. With positive feedback from early adopters, DecisionIQ promises to revolutionize hotel pricing strategies.

Hotels 100

Hotels 100

Skift Blog

AUGUST 14, 2023

Skift Take: Ticket pricing data appears to be a commodity in itself, as tech upgrades potentially limit access to fare availability — with travel agents complaining it impacts their ability to do their job effectively and leads to higher fares for consumers. Selene Brophy Read the Complete Story On Skift

Travel 156

Travel Consumer 156

Hospitality Net

MARCH 26, 2024

In the realm of dynamic pricing, the name given to a pricing strategy can have a profound impact on how it is perceived by consumers and can be as pivotal as the fragrance of a rose to its identity. That which we call a rose by any other name would smell as sweet."

Consumer 100

Consumer 100

Skift Blog

APRIL 6, 2023

Skift Take: Today’s edition of Skift’s daily podcast looks at American Airlines’ new pricing policies, blended travel changing hotels, and a short-term rental operator’s PE exit. Rashaad Jorden Read the Complete Story On Skift

Travel 175

Travel Global Distribution System Hotels Business 175

Skift Blog

MAY 14, 2023

Pricing power and a shift upmarket are putting global hotel groups in a strong position long-term. Skift Take: Inflation? What inflation? Sean O'Neill Read the Complete Story On Skift

Hotels 205

Hotels 205

Hospitality Net

MAY 3, 2023

More than half (52%) of consumers most value discounted pricing from their travel loyalty programs, creating a tremendous opportunity for travel providers to optimize their pricing strategies with compelling offers that attract and retain high-value travelers.

Travel 180

Travel Consumer 180

Hospitality Net

NOVEMBER 22, 2023

Visitors heading to Paris for next year’s Olympics face major accommodation problems amid soaring hotel prices and a crackdown on rentals of tourist apartments.

Accommodation 189

Accommodation Hotels 189

Hospitality Net

JUNE 9, 2023

And, above all, should you buy these wines and at what price? Bordeaux is back in the news with the 2022 vintage said to be the best this century. But is it really that good? Let’s find out.

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Are Morch

JANUARY 25, 2023

As a business owner, one of the keys to getting your customer’s attention and also showcasing your in-store merchandise is to use price tags. Price tags have an important role in marketing your products directly to customers. They are an effective way to do this.

Business 147

Business Market Marketing 147

Demand Calendar

APRIL 30, 2024

The industry is characterized by its diverse pricing and services and the advanced technological tools used to set those prices. Recent concerns and legal challenges about using algorithmic pricing tools, which are accused of potentially facilitating price fixing, have highlighted the need to scrutinize this industry.

Closing 80

Closing Revenue Hotels Services 80

eHotelier

MAY 30, 2023

It starts with dynamic pricing. You can adjust for other factors with the correct bottom and starting prices. Ready to boost your hotel’s profits?

Rack Rate 111

Rack Rate Hotels 111

Hospitality Net

JULY 17, 2023

Hotel companies hope artificial intelligence (AI) will improve their skill at pricing rooms. Known as revenue management, the field relies on forecasting and is ripe for disruption.

Forecasting 184

Forecasting Revenue Management Revenue Hotels 184

Skift Blog

JULY 17, 2023

Skift Take: Today's edition of Skift's daily podcast looks closer at hotel pricing and AI, San Francisco’s tourism challenges, and India’s cricket hotel push. Rashaad Jorden Read the Complete Story On Skift

Tourism 130

Tourism Hotels 130

Hospitality Tech

JANUARY 30, 2024

ItsaCheckmate partners with Juicer and Sauce Pricing to offer data-driven, dynamic pricing solutions.

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Skift Blog

MAY 8, 2024

Skift Take: TAP Air Portugal is one of a growing list of airlines encouraging transit passengers to explore the country during a long-haul layover. New figures show tens of thousands of travelers took the company up on its offer last year. Gordon Smith Read the Complete Story On Skift

Travel 230

Travel Tourism 230

Cloudbeds

APRIL 30, 2024

The answer lies in optimizing your hotel room prices. A well-executed room pricing strategy can be the difference between just hitting your KPIs and exceeding them, between trailing behind competitors and looking at them in your rearview mirror. What is room price optimization? And if you do it all manually, it is.

Revenue Management 52

Revenue Management Revenue Occupancy Hotels 52

Hotel Business

FEBRUARY 1, 2024

According to the 2024 State of the Meetings Industry report from Knowland and ConferenceDirect , pricing continues to be an issue with 47% of meeting planners. Highlights from the survey include: The rise in F&B and AV prices of up to 50% is a game changer for event design and production.

Scale 109

Scale Events Sales Operations 109

Hospitality Net

MAY 2, 2023

Marriott International plans by May 15 to disclose resort fees in the total prices it displays in its initial search results on its website and mobile app. It’s the long-awaited outcome of a 2021 settlement with Pennsylvania — that required the Bethesda, Maryland-based hotel operator to include in fees in upfront total prices.

Resorts 180

Resorts Operations Hotels 180

Social Tables

NOVEMBER 2, 2023

Event venue owners understand that pricing is one of the most critical factors to consider when it comes to attracting clients and increasing revenue. The big question, however, is how can event venue owners determine the perfect pricing structure to attract clients while ensuring profitability?

Events 78

Events Services Business Revenue 78