Revenue Hub

APRIL 23, 2024

NB: This is an article from Bookboost Subscribe to our weekly newsletter and stay up to date Finally, resource constraints like budget and skilled personnel limit data management capabilities, especially for smaller hotels. By segmenting guests accordingly, properties can increase revenue and enhance guest satisfaction.

Guest Satisfaction 88

Guest Satisfaction Article Information Budgeting 88

Revenue Hub

JULY 13, 2023

Imagine a world where your hotel knows what a guest wants even before they do. NB: This is an article from RateGain A world where your pricing strategy is not just about numbers, but about understanding choices, dreams, and the urge to travel. Revenue managers are no longer just setting prices based on supply and demand.

Pricing 98

Pricing Book Guest Satisfaction Article 98

Revenue Hub

MARCH 22, 2024

In the contemporary landscape of hospitality industry, data-driven decision-making has emerged as a pivotal tool for maximising profitability and elevating guest satisfaction in hotels. COMPETITIVE BENCHMARKING: Analysing competitor pricing, market demand, and trends is imperative for hotels to stay ahead in the game.

Pricing 99

Pricing Guest Satisfaction Information Book 99

Revenue Hub

AUGUST 7, 2023

NB: This is an article from RateGain From maintaining optimal occupancy levels to boosting profitability and delivering memorable guest experiences, staying ahead requires strategic insights and real-time data. Revenue management analytics allows hoteliers to go beyond traditional fixed-rate models and adopt dynamic pricing strategies.

Guest Satisfaction 90

Guest Satisfaction Pricing Article Book 90

Revenue Hub

AUGUST 29, 2023

NB: This is an article from Catala Consulting This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Its core principle is the sale of the right product to the right customer, at the right time and for the right price.

Guest Satisfaction 86

Guest Satisfaction Pricing Strategic Planning Article 86

Revenue Hub

FEBRUARY 29, 2024

NB: This is an article from Topline Revenue , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Debunking the Dream At first glance, the notion of selling out every room might seem like a hotelier’s fantasy come true. But what if there’s a simpler way? Finding Harmony in Chaos So, where does the sweet spot lie?

Guest Satisfaction 92

Guest Satisfaction Pricing Article Accounting 92

Revenue Hub

DECEMBER 1, 2023

NB: This is an article from APS (Above Property Services) Subscribe to our weekly newsletter and stay up to date In response to these challenges, the industry is turning towards innovative pricing strategies, with Attribute-Based Selling (ABS) (also known as Attribute-based Pricing) emerging as a notable trend.

Pricing 96

Pricing Guest Satisfaction Presentation Article 96

Revenue Hub

JANUARY 17, 2024

NB: This is an article from Hotellistat , one of our Expert Partners While the basic principles of revenue management apply to all types of hotels, resort hotels have important strategic considerations. Profitability and guest satisfaction during the quiet periods require creative marketing strategies and attractive special offers.

Pricing 98

Pricing Guest Satisfaction Article Blog 98

Revenue Hub

SEPTEMBER 11, 2023

NB: This is an article from innQuest Managing your hotel’s inventory efficiently can significantly impact your bottom line, guest satisfaction and overall operational effectiveness. Dynamic Pricing Strategies: Implement dynamic pricing to adapt room rates to real-time demand fluctuations.

Pricing 104

Pricing Guest Satisfaction Article Book 104

Revenue Hub

MAY 30, 2023

In the cut-throat arena of the hotel industry, the defining metric of success isn’t just revenue – it’s guest satisfaction. NB: This is an article from Lybra , one of our Expert Partners Guests today are discerning, value-driven consumers who demand seamless service, personalized experiences, and excellent value for their money.

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Guest Satisfaction Pricing Article Scheduling 74

Revenue Hub

APRIL 30, 2024

This article debunks these misconceptions, highlighting the complex nature of revenue management that goes beyond pricing to include market analysis and customer behavior. Join us as we uncover the truth about how revenue management can enhance profitability and guest satisfaction. However, this is far from the truth.

Pricing 82

Pricing Information Article Marketing 82

Revenue Hub

APRIL 4, 2024

NB: This is an article from Flyr (formerly Pace Revenue) , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date In 2024, innovation seems to be waiting around every corner, and no industry is exempt from its influence and subsequent transformation.

Book 92

Book Guest Satisfaction Customer Service Pricing 92

eZee Absolute

JANUARY 16, 2024

But with countless articles out there, it can be overwhelming to know where to start. Read More Powerful Hotel Pricing Strategies to Implement Another important aspect of hoteliering is setting the right prices for your inventory. The more satisfied your guests are, the more successful your business is.

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Blog Guest Satisfaction Pricing Marketing 102

Revenue Hub

JANUARY 25, 2024

NB: This is an article from Shiji Group Global Review Trends The report analysed over 9,500 hotels worldwide, encompassing over 3 million reviews and 9.5 Concerns over Price and Additional Services A significant number of negative reviews were related to price concerns. million mentions. points, respectively.

Pricing 83

Pricing Guest Satisfaction Article Marketing 83

Revenue Hub

SEPTEMBER 13, 2023

NB: This is an article from Demand Calendar If so, you may miss substantial revenue streams and opportunities for greater guest satisfaction. It uses algorithms to adjust room prices dynamically, but it rarely, if ever, considers other services or amenities that a hotel offers.

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Guest Satisfaction Pricing Article Book 82

Revenue Hub

SEPTEMBER 1, 2023

NB: This is an article from TrustYou The more prepared you and your staff are to handle guest complaints, the less likely a negative experience will damage your hotel’s reputation. Uncover the secrets to guest satisfaction and learn how to turn complaints into rave reviews.

Guest Satisfaction 105

Guest Satisfaction Housekeeping Maintenance Pricing 105

Revenue Hub

JANUARY 19, 2024

NB: This is an article from Agilysys Subscribe to our weekly newsletter and stay up to date This transition signifies a move beyond room-centric revenue evaluation to a holistic approach that includes all guest expenditures. This flexibility ensures that prices are aligned with the perceived value of these services.

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Pricing Article Workshop Guest Satisfaction 87

Revenue Hub

OCTOBER 18, 2023

NB: This is an article from Userguest , one of our Expert Partners This data is a goldmine for crafting targeted marketing campaigns and optimising revenue strategies. Dynamic Pricing Strategies Dynamic pricing allows hotels to adjust room rates based on demand and booking behaviour.

Book 85

Book Marketing Pricing Guest Satisfaction 85

Revenue Hub

NOVEMBER 9, 2023

NB: This is an article from Topline Revenue , one of our Expert Partners Yet, group bookings present a unique challenge. 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 95

Book Pricing Guest Satisfaction Article 95

Revenue Hub

JULY 19, 2023

NB: This is an article from Lybra , one of our Expert Partners In this article, we delve into ten comprehensive strategies that can help you drive revenue and enhance guest experiences. Not only does it provide potential guests with necessary information, but it also offers a platform to highlight unique selling points.

Pricing 93

Pricing Article Strategic Planning Guest Satisfaction 93

Revenue Hub

SEPTEMBER 5, 2023

NB: This is an article from BEONx , one of our Expert Partners Effective management of room inventory can make or break a hotel’s reputation and bottom line. From optimizing revenue to enhancing guest experiences, a well-structured inventory management strategy is essential.

Pricing 101

Pricing Reservations Training Article 101

Revenue Hub

APRIL 24, 2023

NB: This is an article from Demand Calendar Of course, no specific percentage or amount represents the average revenue leak for the hotel industry, as it varies depending on factors like location, property size, and management efficiency. The hotel needs an RMS or a dynamic pricing tool integrated with the hotel PMS to minimize revenue leaks.

Reservations 91

Reservations Guest Satisfaction Pricing Article 91

Revenue Hub

MARCH 25, 2024

NB: This is an article from Demand Calendar Subscribe to our weekly newsletter and stay up to date While necessary and partly automated by a revenue management system, this operational focus consumes considerable time, leaving little room for strategic planning and innovation.

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Strategic Planning Guest Satisfaction Article Marketing 94

Revenue Hub

MARCH 20, 2024

In today’s digital age, a hotel’s online presence is often the first point of contact for potential guests. A well-designed and user-friendly website can significantly impact a guest’s decision-making process when choosing accommodations. Ready to elevate your hotel’s online presence?

Book 96

Book Guest Satisfaction Reservations Article 96

Revenue Hub

DECEMBER 4, 2023

NB: This is an article from Catala Consulting Profitability management encompasses a broader perspective, considering factors like cost control, efficient resource utilization, and value creation for guests. The modern approach integrates market trends, competitor analysis, and real-time data to make more informed pricing decisions.

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Guest Satisfaction Article Pricing Information 103

Revenue Hub

JANUARY 31, 2024

It can not only help in enhancing guest satisfaction, but also significantly improving employee experience. Then, you can compare them based on features, reputation, price and other aspects that are important. The first part has to do with considering certain options and getting to know each vendor.

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Demo Guest Satisfaction Article Pricing 97

Revenue Hub

MARCH 18, 2024

This post emphasizes the significance of utilizing insights from three analytical categories — destination, guest, and operational — to transform the guest experience and enhance operational efficiency, substantially improving financial performance. This can significantly enhance guest satisfaction and loyalty.

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Travel and Tourism Customer Service Guest Satisfaction Article 91

Revenue Hub

JANUARY 9, 2024

NB: This is an article from Demand Calendar The past few years have reshaped our industry, compelling us to adapt and innovate at a pace like never before. Today, we navigate a landscape marked by changing guest expectations, technological advancements, and a competitive market that demands agility and foresight.

Guest Satisfaction 83

Guest Satisfaction Article Pricing Catering 83

Revenue Hub

MARCH 5, 2024

In today’s hospitality industry, the competition is fierce, and guests’ expectations are higher than ever, making it the perfect time for your property to focus on increasing your service standards to boost guest satisfaction. You must honour that rate if you provide a “Best Rate Guarantee” and a guest finds this price.

Pricing 83

Pricing Blog Book Article 83

Revenue Hub

DECEMBER 4, 2023

NB: This is an article from IDeaS While a hotel’s sales team is often incentivized to grow occupancy above all else, revenue managers understand the need to look beyond guestrooms to ancillary services in their quest to maximize revenue. The solution to this issue is a commercial strategy approach that prioritizes data-driven decision-making.

Guest Satisfaction 102

Guest Satisfaction Information Book Article 102

Revenue Hub

JUNE 7, 2023

NB: This is an article from Staah If you are a smart hotelier or any type of accommodation provider, you would not want to miss the chance of converting your website visitors from an OTA (or any other source) and bag the commission-free direct bookings. This ensures that guests have access to real-time data and can make informed decisions.

Book 85

Book Guest Satisfaction Pricing Reservations 85

Revenue Hub

APRIL 6, 2023

NB: This is an article from RateGain A chatbot greets guests upon check-in, and Artificial Intelligence (AI) algorithms analyze their room preferences and behaviors to create a personalized experience. As the hotel industry advances, innovative technologies like AI pave the way for better guest experiences and streamlined operations.

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Guest Satisfaction Article Pricing Customer Service 79

Revenue Hub

MAY 3, 2024

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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Marketing Pricing Special Events Book 52

Revenue Hub

APRIL 17, 2023

NB: This is an article from Demand Calendar The main reason for forecasting is not competition in accuracy; it is to use the forecasts for planning to achieve a healthy profit. Read rest of the article at Demand Calendar The post Why Should The Hotel General Manager Care About Forecasting? appeared first on Revenue Hub.

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Strategic Planning Guest Satisfaction Pricing Article 84

Revenue Hub

JANUARY 11, 2024

NB: This is an article from Userguest , one of our Expert Partners As we step into 2024, several key trends are set to redefine the landscape of hotels and accommodations. Whether it’s adding extra nights, bringing family members, or indulging in luxury amenities, personalised experiences contribute to higher guest satisfaction.

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Guest Satisfaction Pricing Guest Retention Catering 85

Revenue Hub

SEPTEMBER 27, 2023

NB: This is an article from Bookboost This means the focus is mainly on short-term relations with guests, and once the transaction is done (the booking is made), the relationship ends. There is no useful exchange of information, no extra value delivered to the guest and no relationship-building.

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Marketing Guest Satisfaction Reservations Book 94

Revenue Hub

OCTOBER 20, 2022

Since the start of the first hotel in the early biblical times, guest dissatisfaction has been a concern hoteliers have been carrying. NB: This is an article from RateGain. Guest dissatisfaction is largely due to delayed services, not the services themselves. Read more articles from RateGain. Keep reading to see how.

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Guest Satisfaction Concierge Pricing Article 93