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Attribute Based Pricing: Grow Revenue and Improve Guest Satisfaction

Revenue Hub

Essentially, a rate structure represents the various prices you offer guests according to the attributes they most value. Your rate structure takes into account various elements including room types, meal plans, cancellation policies, and booking restrictions.

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CRM for Hotels: 6 Benefits to Unlock Group Sales Success

Revenue Hub

This information includes personal details, preferences, booking history, and communication logs, enabling you to deliver personalized experiences, increase guest satisfaction, and drive loyalty. You’ll be able to capture necessary information from leads to create robust contact and account profiles.

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Master event project management: unleash your potential

Les Roches

As an event manager, your role is to design e­xceptional experie­nces by turning concepts into tangible realitie­s. Whether you’re alre­ady on this exciting journey or just beginning, here’s what you need to know about what it takes to create memorable events and carry out effective eve­nt planning strate­gies.

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New innovations come to hotel TVs

Hotel Business

Hotels will have the opportunity to unlock new revenue streams with on-screen advertising for property-centric dining, shopping, spas, special events, casinos and more. Additionally, OnStream will soon tap into loyalty data to personalize guest offers.

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What Can RevPAR Tell You and How to Use It Effectively

Revenue Hub

Here are some things that it cannot tell you: Cost Structure: It does not take into account a hotel’s cost structure, which can vary widely between different hotels. Guest Satisfaction: It does not measure guest satisfaction, which is a key factor in a hotel’s long-term success.

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Why an RMS Is Not Enough: Hotels Need a Profit-Oriented Approach

Revenue Hub

NB: This is an article from Demand Calendar If so, you may miss substantial revenue streams and opportunities for greater guest satisfaction. This narrow window can be a severe limitation, especially for properties that host events, conferences, or seasonal activities, which often require planning and booking well in advance.

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10 Strategies to Skyrocket Profitability in City Hotels

Revenue Hub

Subscribe to our weekly newsletter and stay up to date Leverage Dynamic Pricing Strategies Dynamic pricing involves adjusting room rates in real time based on factors such as demand, competition, local events, and historical data. Partner with Local Businesses Develop symbiotic relationships with local businesses.

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