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Revenue Managers: Yes It’s a Seller’s Market But Don’t Get Greedy

Revenue Hub

In response to the post-pandemic demand surge and faced with constricted inventory due to labor shortages, rising supply costs, and other challenges, hoteliers pushed their prices back to pre-pandemic levels in record time. Sources predict that hotels’ pricing power will remain strong. Why do we do this? Our demand dried up.

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The Mille Club: Thinking of the Hidden Costs for High Rates

Larry Mogelonsky

At this point, we could lecture on about Veblen goods , Giffen goods , the rise of the leisure class and other elements of behavioral economics that contribute to a hotel’s pricing strategy, perhaps it’s better to explain our point via an example. Namely, we are wine nuts, so let’s start there.

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Hold The Phone! 6 Tips for Converting Hotel Calls to Bookings

Revenue Hub

This 2014 (but still very relevant) article by Doug Kennedy of the Kennedy Training Network offers excellent advice about how to quote pricing effectively, including tips for handling rate objections. Proven reservation sales techniques will ensure you snag that booking. Use Basic Sales Tactics. Ask for the booking.

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Insights from an Alabama Restaurant Operator

Restaurant Engine

Although a small price to pay to keep people safe, it is a hefty cost for businesses with famously thin profit margins. The Peterson family started Yo’ Mama’s in 2014. Approximately 65% of restaurants are accepting dining reservations. ” This is the unfortunate circumstance for many restaurants.

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TripConnect: Everything you need to know (FAQs)

SiteMinder

While this model still exists, it was quickly followed up in 2014 with the addition of ‘instant booking’; a “pay for stays” model where commission is only paid when a guest directed from TripAdvisor actually completes their stay with your hotel. To begin with, it offered a Cost-Per-Click (CPC) model. The answer is neither! You sure will.

Book 52
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Restaurant Dress Codes Frequently Target Black Customers. It’s Past Time for Them to Go.

EATER

But restaurants are perfectly capable of using menus, setting, and price points to demonstrate how special they are without firm dress codes. If a jacket is required, the restaurant can decide to whom a reserve jacket will be bestowed, or whose jeans allow for bending of the rules. And the rules often get bent away from Black people.

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An Eater’s Guide to Whistler, British Columbia

EATER

Evrensel sold Toptable in 2014, but the group continues to set the standard for high-end dining in Whistler. Prices are high and lines tend to get long, though. If you want to dine out during these times, make reservations as early as possible, or plan to wait; even the lines at the grocery store get interminably long.