article thumbnail

Hotel Dynamic Pricing: Balancing Profitability & Guest Loyalty

Hotelogix

We have witnessed firsthand the evolving landscape of hotel revenue management. In this context, hotel dynamic pricing is one of the most critical elements. What is dynamic pricing in hotels?  It enables you to stay competitive by adjusting rates in response to market fluctuations and competitive pricing strategies.

Pricing 130
article thumbnail

Top 4 Benefits of Seasonal Pricing for Hotels

InnQuest

Pricing plays a crucial role in determining the success of any business. When it comes to hotel businesses, one must continuously strive to achieve a balance between the customer experience and pricing. Hotels follow different pricing strategies to get there and seasonal pricing remains one of the most important.

Pricing 220
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Stayntouch Launches UpsellPRO, Powered by Attribute-Based-Selling and Dynamic Pricing

Hospitality Net

Stayntouch, a global leader in cloud hotel property management systems (PMS) and guest-centric technology, unveiled UpsellPRO, an advanced upselling tool designed to expand and maximize revenue opportunities for hotels.

Pricing 91
article thumbnail

Low on Direct Bookings? Here are five tips to boost bookings all year long

InnQuest

In the past few decades, the rise of third-party online travel agencies has reflected a gradual decline in direct bookings. However, you can still implement strategies to increase direct bookings and create a better bottom line for your property. In this blog, we have compiled five tips to boost direct bookings.

Book 218
article thumbnail

Direct Bookings vs. OTAs: The Impact of Your Hotel Reservation System

InnQuest

Hoteliers often face the decision of whether to focus on direct bookings through their website or rely on Online Travel Agencies (OTAs) to fill rooms. Advantages of Direct Bookings Direct bookings occur when guests reserve rooms through a hotel’s website or by calling the property.

article thumbnail

Hotel Booking Engine Essentials: An Introductory Guide for Hoteliers

STAAH

The hotel booking engine is the main tool that makes booking a hotel easier for both owners and guests. Let’s delve into the essentials of hotel booking engines , understanding what they are, how they work, and why they are indispensable in the modern hotel landscape. What is a Hotel Booking Engine?

Book 88
article thumbnail

5 Most Effective Hotel Room Pricing Strategies to Boost Revenue

Hotelogix

Pricing strategies in the hotel industry is one topic that will forever be discussed by hoteliers the world over. That being said, there are some hotel room pricing strategies that have steadily proven to be effective. A combination of different pricing methods can take you a long way in attaining success in the hospitality industry.

Pricing 130