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Revolutionize Hotel Event Revenue With Dynamic Pricing

Revenue Hub

Dynamic pricing is vital for hotel success today, but only some operators can see beyond the guestroom when applying this technology. NB: This is an article from IDeaS Many factors impacting guestroom dynamic pricing, like seasonality and occupancy, also play a role when optimizing event revenue. What could that look like in practice?

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Essential Hotel Sales Strategies

Revenue Hub

This allows you to maintain full control over the booking process and also saves costs on commissions to third-party booking platforms. Below are the steps and aspects to consider for a successful direct booking strategy: 1. Below are the steps and aspects to consider for a successful direct booking strategy: 1.

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Unveiling the Future: Hotel and Travel Trends in 2024

Revenue Hub

By tracking and analysing customer journeys through cookies, hotels gain insights into guest behaviour, engagement, and other valuable metrics. This data-rich approach enables hotels to measure guest retention, acquisition rates, and consumer engagement scores, providing a solid foundation for strategic decision-making.

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Why Effective Reputation Management Is Key To Increasing Hotel Revenue

Revenue Hub

The answer is simple – positive reviews lead to more bookings, and more bookings lead to higher revenue. Additionally, hotels with higher review scores are more likely to be ranked higher in search results, making them more visible to potential guests. Reputation management also plays a role in guest retention and loyalty.

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Hyper Personalized Marketing in Hotels: Try These 8 Audiences

eZee Absolute

The majority of family bookings typically include at least one child, and this often gives rise to distinct requirements throughout their stay. This makes business travellers less price-sensitive and leisure travellers a bit more price sensitive. Loyalty Programs Loyalty programs play a crucial role in guest retention.

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A Roadmap to Enhanced Hotel Operations: 10 Strategic Insights

eZee Absolute

Streamlined hotel operations can significantly impact a hotel’s bottom line by enhancing guest retention , attracting positive reviews, and optimizing resource utilization. When guests feel that their unique needs and preferences are acknowledged, they’re more likely to return and recommend the hotel to others.

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How to Calculate Hotel Guest Acquisition Cost (GAC)

Hotelogix

So, how much does it cost to acquire a booking at your hotel? However, it's much more complicated than that, so understanding what GAC is and how to calculate Guest Acquisition Cost (GAC) correctly is crucial. Promotions, discounts, and special offers are practical tools to attract new guests, especially during off-peak seasons.