Revenue Hub

NOVEMBER 21, 2023

The answer lies in the art and science of market segmentation. NB: This is an article from Demand Calendar Subscribe to our weekly newsletter and stay up to date Market segmentation, a cornerstone of hotel management, categorizes guests into distinct groups based on various characteristics and behaviors.

Marketing 90

Marketing Catering Pricing Book 90

EHL Insights

NOVEMBER 8, 2023

Luxury has always been associated with high-end brands and products, with marketers utilizing this association to promote their offerings effectively. Luxury is not just about price tags and exclusivity, but an intricate web of storytelling, consumer psychology, and brand identity.

Marketing 98

Marketing Pricing 98

Hospitality Net

NOVEMBER 28, 2023

In the hotel industry, profitability is increasingly influenced by a variety of market changes, including the introduction of new technologies, shifting consumer preferences, and fluctuating operational costs.

Pricing 89

Pricing Marketing 89

Lodging Magazine

NOVEMBER 30, 2023

The third installment will focus on development and guest service trends in the leisure market. 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.

Pricing 126

Pricing Guest Services Article Magazine 126

STAAH

NOVEMBER 26, 2023

The boutique New Zealand property – The Convent Hotel in Auckland changed its pricing strategy to be based on more real-time market conditions and customer demand. Listening to the guests was key to informing room pricing that yielded the best returns for the business, i.e. moving into the era of dynamic pricing.

Pricing 72

Pricing Demo Reservations Training 72

Hotel Business

NOVEMBER 14, 2023

and has been coming down since, despite global tensions causing ripples through the oil market. Holiday booking prices This holiday season, travelers are generally paying less for domestic trips compared to last year and more for international vacations. The average price for an international hotel stay is $772, up 5% from last year.

Pricing 102

Pricing Reservations Book Training 102

Revenue Hub

NOVEMBER 22, 2023

Welcome to the world of savvy hotel marketing where understanding and leveraging guest segmentation can transform your business! Understand different guest segments and how to tailor your offers and pricing strategies to meet diverse budgetary needs and preferences. Dive deep into the realm of hotel segmentation.

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Article Book Communication Marketing 101

Revenue Hub

NOVEMBER 2, 2023

NB: This is an article from The Hotels Network , one of our Expert Partners In the competitive realm of the hotel industry, navigating the Black Friday landscape requires more than just slashing prices. Achieve your campaign goals through value-added propositions instead of cutting prices. Not ready to slash your rates?

Pricing 98

Pricing Article Marketing Book 98

Revenue Hub

NOVEMBER 23, 2023

Properties with a focus on touroperation often find themselves entangled in the complexities of inventory management, strategic pricing, and allotments. The intricate web of dealing with numerous touroperators, each with distinct demands, makes it a formidable task to monitor inventory, pricing strategies, and contractual obligations.

Pricing 91

Pricing Communication Article Book 91

Modern Restaurant Management

NOVEMBER 9, 2023

By paying regular lease payments over a specified period, you can preserve your capital and allocate your resources to other critical areas of your business, such as marketing, staff development, and menu innovation. These machines can vary in price, but even entry-level models can be costly.

Maintenance 197

Maintenance Budgeting Training Pricing 197

Modern Restaurant Management

NOVEMBER 15, 2023

A return to work in offices and higher grocery prices due to continued inflation pressures are among the factors leading to nearly one in four U.S. Price was the top priority for all consumers, followed by menu and location. However, this usage gap widened across other dining categories.

Pricing 110

Pricing Marketing Catering Magazine 110

Hotel Owner

NOVEMBER 6, 2023

This will help you to define the ideal buyer and take practical steps to make your business as attractive as possible to potential purchasers before you launch it to the market. So, what do you need to consider before putting your business on the market? This will help guide the process more effectively.

Document 92

Document Pricing Accounting Marketing 92

Hotel Business

NOVEMBER 16, 2023

hotel operators faced stiff headwinds to demand and pricing power over the summer due to the number of Americans who elected to vacation overseas, go on cruises or stay in short-term rentals or other alternative forms of lodging,” said Rachael Rothman, head of hotel research & data analytics, CBRE. It is uncommon for U.S.

Pricing 110

Pricing Marketing 110

Hotel Owner

NOVEMBER 27, 2023

Boutique hotel, The Kings Arms, Dalbeattie has been brought to market off a guide price of £525,000. Martin Sutherland, License Trade agent with Graham and Sibbald, who is handling the sale, said: “We are delighted to be marketing the Kings Arms Hotel.

Marketing 98

Marketing Events Pricing 98

Hotel Owner

NOVEMBER 9, 2023

Miskin Manor Hotel and Spa in Pontyclun has recently hit the market with no guide price being set. With plenty of potential for development of the current business, we have already experienced a high level of interest in the business prior to launching to market and advise any interested parties to get in touch soonest.”

Marketing 98

Marketing Pricing Events 98

Hospitality Net

NOVEMBER 9, 2023

Luxury has always been associated with high-end brands and products, with marketers utilizing this association to promote their offerings effectively. Luxury is not just about price tags and exclusivity, but an intricate web of storytelling, consumer psychology, and brand identity.

Marketing 75

Marketing Pricing 75

SiteMinder

NOVEMBER 6, 2023

By gaining the ability to sell all their rooms on easyJet holidays, listed hotels can now optimise their yield and inventory, especially during periods of high compression when filling their last remaining rooms at an optimised price is critical.

Travel and Tourism 111

Travel and Tourism Book Pricing Reservations 111

Hotel Owner

NOVEMBER 15, 2023

The business came to market as the couple that previously owned the property were looking to retire. They have been very patiently waiting for an offer near the asking price and that patience has been rewarded.

Pricing 98

Pricing Marketing 98

Hospitality Net

NOVEMBER 30, 2023

Leading travel management company BCD Travel published the fourth edition of its quarterly Travel Market Report. The Q4 report, dedicated to presenting an outlook for 2024, provides travel managers and buyers with insights on economic prospects, key risks, projected prices for air, hotel and car rental, sustainable travel trends, and more.

Presentation 71

Presentation Pricing Marketing 71

Revenue Hub

NOVEMBER 9, 2023

Knowing when groups are more likely to book can help you allocate resources and plan marketing efforts effectively. Step 2: Strategic Pricing and Inventory Management Now it’s time to dive into pricing and inventory management. Implement Dynamic Pricing Consider implementing dynamic pricing for groups.

Book 91

Book Pricing Guest Satisfaction Article 91

Hotel Owner

NOVEMBER 8, 2023

Despite this, the pressures of high inflation, labour shortages and greater energy prices meant that 28% of respondents expect 0% or negative GOPPAR growth in London in 2024. In addition, nearly three-quarters of respondents (73%) said they are optimistic about the long-term future of the UK hotel market, up from 66% last year.

Travel and Tourism 98

Travel and Tourism Pricing Marketing 98

Hotel Business

NOVEMBER 14, 2023

In her new role, she will lead the company’s revenue and commercial strategy, overseeing all revenue management, pricing, analytics, forecasting and channel distribution initiatives. Third-party management company Resolute Road Hospitality has appointed Andrea Pace-Mickley as senior corporate revenue manager.

Pricing 59

Pricing Marketing 59

Revenue Hub

NOVEMBER 22, 2023

Dear Hoteliers and Hospitality Consultants, are you looking to enhance your revenue management and marketing expertise? Want to improve your skills by learning how to combine revenue and marketing tactics in the hospitality industry?

Marketing 93

Marketing Book Article Pricing 93

Revenue Hub

NOVEMBER 29, 2023

With less time to research groups, plan itineraries, develop an appealing package, and market it to guests, operators have less flexibility than ever before when adapting to potential new business. Streamlining the Group Business Process Hotels must also simplify the process of evaluating and pricing potential group business.

Book 96

Book Events Pricing Catering 96

Revenue Hub

NOVEMBER 1, 2023

Did you know that, on average, hotels using automated pricing solutions experience a 22% increase in revenue and a 4% increase in ADR? In addition, hotels using an automated pricing solution save 10 hours per week on average, eliminating the tedious, time-consuming process of manually calculating and updating room rates on Excel spreadsheets.

Pricing 87

Pricing Budgeting Reservations Article 87

Hotel Business

NOVEMBER 6, 2023

“Advance is a set of tools for near real-time rapid response to market changes to capture revenue in an automated way, driving both RevPAR and operational efficiencies,” explained Darren Koch, chief product officer, Duetto. Market search: Market demand data helps revenue teams surface trends and seasonal demand patterns.

Events 59

Events Pricing Marketing Information 59

Hotel Owner

NOVEMBER 2, 2023

in the London market – a 3.6% These price increases also filtered through to the bottom line, with gross operating profits of UK hotels up from 35.7% The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows occupancy was up from 79.4% (August) to 82.0% (September) in the UK and from 80.4% to £235.47

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Pricing Training Book Marketing 96

Revenue Hub

NOVEMBER 1, 2023

GAC considers various costs related to marketing, sales efforts, and operational activities aimed at acquiring a guest. GAC is a significant financial indicator because it provides insights into the efficiency and effectiveness of your hotel’s marketing and guest acquisition strategies.

Article 96

Article Marketing Information Book 96

STAAH

NOVEMBER 28, 2023

To cope with a highly dynamic market , improve efficiency and meet the evolving needs of guests, there have been some shifts in revenue management and distribution. Data is being used to drive insights on booking patterns, seasonal adjustments, personalising guest experiences and driving dynamic pricing strategies.

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Pricing Book Events Blog 86

Revenue Hub

NOVEMBER 30, 2023

Revenue Management Fundamentals : Gain a deep understanding of revenue management principles, pricing strategies, and market segmentation. Join the RevMarketing Certification Course and enhance your expertise in revenue management and marketing.

Book 95

Book Article Pricing Marketing 95

STAAH

NOVEMBER 21, 2023

Embrace Technology to Attract and Convert While rate parity clauses may tie your hands, smart pricing models can still make direct rates irresistible. Introduce add-ons, packages, and incentives, crafting a pricing model that draws guests directly to your doorstep. Elevate the impact of guest reviews by showcasing them on your website.

Book 78

Book Guest Satisfaction Pricing Training 78

Hotel Owner

NOVEMBER 28, 2023

Robin Hill Country Park in Newport on Isle of Wight has been brought to market off a guide price of £2.25m. Robin Hill is situated on 88 acres of parkland, natural woodland and countryside gardens. It also benefits from planning consents for holiday accommodation to include 19 tree houses, 23 lodges and 40 glamping tents.

Marketing 97

Marketing Special Events Events Pricing 97

Travel Booster

NOVEMBER 28, 2023

Becoming data-driven can help travel businesses to anticipate trends, capture market sentiment, be adept at managing finances and stay ahead of the curve when it comes to innovation. They delve deeper into revenue streams, cost structures, and market trends, enabling them to forecast with precision and guide strategic decisions.

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Pricing Information Customer Service Marketing 52

MBB Hospitality

NOVEMBER 15, 2023

It involves tracking the cost of each ingredient, understanding seasonality, and recognizing price fluctuations. This granular approach helps in making informed decisions about menu design, portion sizes, and pricing, ensuring that each dish contributes positively to your bottom line.

Pricing 52

Pricing Training Portion Control POS Systems 52

Revenue Hub

NOVEMBER 1, 2023

Professional revenue management digs into the common mistakes (including pricing errors ) hoteliers make that cost them thousands. Here are six common pricing mistakes hotels make when they don’t rely on revenue management to guide their profitability. That’s a recipe for losing money. Revenue managers can double or triple (or more!)

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Pricing Reservations Article Information 85

Revenue Hub

NOVEMBER 27, 2023

Targeted marketing efforts Did you know that targeted marketing campaigns boost off-season sales? Social media, email marketing and online advertising will ensure your message reaches the right audience. Because that’s when prices for venues drop, and there’s more availability in hotels.

Events 70

Events Article Marketing Communication 70

Hotel Owner

NOVEMBER 7, 2023

The French Horn, an “iconic” riverside hotel in Sonning, South Oxfordshire, has been brought to market at a guide price of £12m. The site is being sold on behalf of the Emmanuel family, and has been brought to market by specialist business property adviser, Christie and Co and joint agent, Haslams.

Marketing 98

Marketing Pricing 98