Remove Sales Remove Target Marketing Remove Yield Management
article thumbnail

Designing a new era of intelligent revenue management

Hotel Business

Just as the 1980s saw the emergence of yield management in the airline and hospitality sectors, today’s environment demands a similarly radical reinvention—anchored in intelligent, AI-powered revenue science. Cross-functional collaboration: Blending revenue, sales and marketing through shared data and common KPIs.

article thumbnail

What is Yield Management: Guide for Hotels

SiteMinder

What is Yield Management? Yield management is a pricing and revenue management strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. A similar principle can apply to distribution.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Silavadee Pool Spa Resort Samui increases bookings by 60% with SiteMinder’s platform

SiteMinder

Although the target market has since changed, what remains constant is the hotel’s standards and work ethic. Prapinporn Phanchakorn (Assistant Director Of Sales ) said: “We prioritise every guest’s preferred stay period, season, or time of day by expanding our contact channels to cater to all types of visitors. .”

article thumbnail

Marketing for Hospitality and Tourism – Your 2024 Guide

MediaBoom

Learn the secrets to driving more traffic to your luxury website, generating more leads, and ultimately increasing sales. Email Marketing This year, global email marketing revenue will hit $12.33 Of course, email marketing for hospitality and tourism is a valuable part of your campaign.

article thumbnail

Hotel Revenue Management Strategies

Xotels

Seize the right opportunities: opportunities are abundant – but trying to find the right distribution mix and deciding which opportunities to target is where hoteliers get lost in the giant maze of channels available. Without a healthy distribution mix including a strong website and direct sales, you can forget about your profit margins.

article thumbnail

Hotel Distribution Channels- Types & Strategies to Optimize

Hotelogix

Utilize revenue management systems and tools to make data-driven pricing decisions and maximize revenue potential.    Yield Management: Apply yield management principles to allocate room inventory across different distribution channels strategically.

article thumbnail

Top Revenue Management Strategies for Hotels

Xotels

Seize the right opportunities: opportunities are abundant but trying to find the right distribution mix and deciding which opportunities to target is where hoteliers get lost in the giant maze of channels available. Without a healthy distribution mix including a strong website and direct sales, you can forget about your profit margins.