Revenue Hub

FEBRUARY 27, 2024

Many discussions focus on familiar strategies like dynamic pricing, personalized offers, and the use of revenue management systems, already widely used in big cities. Pricing is either static, “hurdle-based” or dynamic with fixed “intuitively based” thresholds. Conversely, under-pricing will lead to low rated compression.

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Pricing Budgeting Book Article 100

Revenue Hub

JANUARY 17, 2024

NB: This is an article from Userguest , one of our Expert Partners In this article, we’ll explore practical and effective ways for hoteliers to boost bookings and revenue in Q1 and Q2 of 2024 that align with the evolving landscape of travel and hotel trends.

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Book Pricing Article Marketing 97

Modern Restaurant Management

APRIL 18, 2024

It is a competitive landscape because restaurant owners navigate in order to select the best fryer for their demands and budget. This makes it tough for companies to capture the market share and have to resort to competitive pricing, complimentary services and providing excellent quality products.

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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. While pricing plays a crucial role in revenue management, it is just one aspect of a much broader strategy. However, this is far from the truth.

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Pricing Information Article Marketing 81

Revenue Hub

NOVEMBER 9, 2023

Step 1: Understand the Group Booking Landscape The journey to profitable group booking management begins with understanding the landscape. Each has its own demands, booking patterns, and budget constraints. Step 2: Strategic Pricing and Inventory Management Now it’s time to dive into pricing and inventory management.

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Book Pricing Guest Satisfaction Article 94

Modern Restaurant Management

FEBRUARY 1, 2023

When deciding where to recruit restaurant workers online, many job platforms promise to plaster your jobs across the Web for a fixed price. Traditional job advertising allows you to have a fixed budget while using old job data to inform decisions as to where to post your jobs. Positioning is key to job advertising.

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Budgeting Training Scheduling Pricing 189

Hotelogix

FEBRUARY 1, 2024

High-end hotel management software or hotel property management systems (Hotel PSM) have a hefty price tag. For small hotels operating on tight budgets, these expenses can be prohibitive. There's the issue of cost. They even have to spend more if they go with a legacy system. Get demo NOW.

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Hospitality Magazine

MARCH 22, 2023

Local hospitality operators are facing pressures due to inflation and staff shortages, but the industry is feeling confident in a pre-covid landscape. cents of every dollar dedicated of their food and beverage budgets at foodservice outlets compared to 37.2 cents pre-pandemic.

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Budgeting Pricing Magazine Marketing 147

Boutique Hotel News

JANUARY 16, 2023

Industry leaders share their thoughts on the travel, hospitality and economic landscape in 2023. This more positive outlook is also seen in business travel, which now promises a long-awaited rebound with more than half of global company travel budgets back to pre-pandemic levels. . BHN reports.

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Pricing Marketing Budgeting Training 246

MEWS

JANUARY 16, 2023

It is about lower-priced shared accommodations with a large dorm room containing bunk beds and shared bathroom facilities. They generally appeal to a younger audience on a shoestring budget who is willing to forgo privacy to spend less. Hostels are able to keep prices down by offering basic services and amenities.

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Budgeting Reservations Book Housekeeping 130

Revenue Hub

JANUARY 12, 2024

Copy their approach to the hospitality landscape: allow flexibility when booking, giving your guests ample time to cancel or change their bookings. Flexible pricing is another way to let guests choose the services that best suit them on a specific budget.

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Customer Service Concierge Article Training 96

Revenue Hub

FEBRUARY 20, 2024

In the ever-evolving landscape of online advertising, staying ahead of the curve is paramount for businesses looking to maximize their revenue while also adapting to changes in user privacy expectations. You have two options for activating bids: a fixed bid per night or a percentage of the price of your room.

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Budgeting Article Marketing Pricing 92

Modern Restaurant Management

NOVEMBER 8, 2023

At the same time, producers, suppliers and shipping companies have increased their prices; rent and energy prices have also continued to go up vis-à-vis the impact of the Ukraine-Russia conflict. Consumer psychology in the F&B industry, for example, has changed. That is because different customers have different expectations.

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Training Marketing Pricing Budgeting 189

Xotels

APRIL 3, 2024

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Many define revenue management as: “Selling the Right Room to the Right Client at the Right Moment at the Right Price.” IKEA (offering lower prices at times when it is least busy).

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Pricing Book Budgeting Marketing 52

STAAH

APRIL 13, 2023

1) Stunning natural beauty : Bali is blessed with some of the most breathtaking landscapes in the world. 8) Affordable prices : Bali is an affordable destination for travelers, with accommodation, food, and activities available at a reasonable price. They have no word in their language for ‘artist’ or ‘art.’ And it’s true.

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Travel and Tourism Budgeting Business Development Events 94

STAAH

NOVEMBER 16, 2023

I am Indian by origin and the fact I love about Dubai is the diversity enriches the city’s cultural landscape, with numerous Indian festivals, cultural events, and restaurants offering a taste of India’s rich heritage. 8) Affordable Prices | Something for Everyone Dubai, known for opulence, also surprises with its affordability.

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Travel and Tourism Catering Budgeting Business Development 83

Hotelogix

OCTOBER 18, 2023

  As technology continues to reshape the hospitality landscape, the importance of an effective reservation system cannot be overstated—it's the key to unlocking efficiency and excellence in modern hotel management. This streamlined process enhances guest satisfaction and encourages more bookings.

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Reservations Book Information Guest Satisfaction 100

Revenue Hub

AUGUST 22, 2023

Market Trends and Economic Indicators Industry Benchmarks and Competitive Landscape Customer Behaviour and Preferences Future Demand and Occupancy Trends Social Media and Online Sentiment Sustainable and Eco-Friendly Trends Market Trends and Economic Indicators The world around us is constantly changing, and it’s no different for the hotel industry.

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Travel and Tourism Guest Satisfaction Book Article 82

Hotel Business

MARCH 13, 2024

By Jared Lerner In the competitive landscape of the hospitality industry, hotels are constantly seeking innovative ways to optimize their operations, increase revenue and enhance guest satisfaction. Microstays also provide hotels with an opportunity to connect with budget-conscious travelers who may be priced out of their rooms otherwise.

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Guest Satisfaction Catering Budgeting Scheduling 69

Revenue Hub

JUNE 21, 2023

NB: This is an article from Duetto Subscribe to our weekly newsletter and stay up to date 80% Of Hotels Don’t Use Revenue Software According to Skift’s RMS Landscape report of 2019, more than 80% of hotels do not use an RMS. Some reading this may think: “If not for my competitors, how should I price?” It’s a lot of data! What do we do?

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Pricing Accounting Article Book 88

Revenue Hub

DECEMBER 1, 2022

In a competitive operating environment, where every pricing decision counts, all hotels need to ensure that they are pricing themselves correctly in the market, minimising operational costs, and attracting the right guests at the right rates. NB: This is an article from IDeaS. Subscribe to our weekly newsletter and stay up to date.

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Pricing Marketing Information Strategic Planning 82

Revenue Hub

APRIL 24, 2024

All of these are essential for operating in today’s competitive landscape. In order to maximize revenue across the business, hoteliers should focus their budget on elevating the guest experience using advanced reservations, distribution, marketing, and data services. Innovation? Long-term growth potential? Guest personalization?

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Book Reservations Article Information 93

Revenue Hub

MARCH 7, 2024

Whether it’s determining your pricing strategy, managing your occupancy rates, or identifying your guests’ favorite food, data analytics allow you to take a more strategic, informed approach. By utilizing precise predictive analytics, FLYR allows executives to create pricing strategies tailored for profit maximization.

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Information Pricing Guest Satisfaction Article 86

Revenue Hub

MARCH 6, 2023

Pricing, sales, distribution and market mix channel data are vital to the essentials behind revenue management. What is a traveler’s total budget while on the road, and where are they spending? As of today, revenue leaders are in one of the best positions to understand how data continues to impact the guest experience.

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Pricing Book Article Information 75

Synergy Suite

DECEMBER 5, 2023

To navigate this complex landscape successfully, restaurant owners need to be savvy not only in the culinary arts but also in financial management. Understanding this critical number can help you make informed decisions about pricing, menu offerings, and cost control, ultimately leading to the financial success of your restaurant.

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Pricing Budgeting Information Marketing 52

Hotel Business

MARCH 16, 2023

Our mission is to arm owners and operators with clarity as they navigate the ever-changing travel landscape.” By leveraging a wealth of aggregated and anonymized data from across the globe, Cloudbeds identified trends shaping the travel landscape. “We’re thrilled to utilize that privilege to deliver this report.

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Book Maintenance Pricing Budgeting 52

eZee Absolute

FEBRUARY 15, 2024

Metasearch engines, such as Google Hotel Ads, TripAdvisor, and Trivago act as central hubs where potential guests can effortlessly compare prices, read reviews, and make informed decisions – all in one place. Implementing dynamic pricing strategies that adapt to market trends and competitor rates, ensures your hotel remains competitive.

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Marketing Book Pricing Information 52

Hotel Business

APRIL 11, 2023

Among the room packages currently available: Days Inn by Wyndham – Dawn The Dawn room design takes its inspiration from the sun featuring bright and airy rooms with signature, sun-centric art of local landscapes and attractions. PSPs allow franchisees complete control to customize their level of support and offer different levels of pricing.

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Procurement Budgeting Pricing 105

STAAH

JUNE 15, 2023

The picturesque landscape attracts tourists to immerse themselves in a serene and rejuvenating atmosphere. 3) World-Class Cuisine : Cambridge is known for its diverse culinary landscape, offering a range of cuisines catering to various tastes.

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Catering Budgeting Events Business Development 52

Hotel Owner

APRIL 22, 2024

Resorts Resorts have been considered by many like havens, often nestled amid scenic landscapes or coastlines, offering guests a chance to escape from day-to-day routines and indulge. Being able to adapt to the seasonal shifts in tourism is key, with peak times determining the pricing strategies and staffing levels to meet demand effectively.

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Travel and Tourism Presentation Catering Housekeeping 98

Revenue Hub

FEBRUARY 15, 2023

While the industry landscape has changed since then, one thing is still true. However, limited budgets will force many to adjust travel plans and reduce overall holiday spend. Even in lean times, travel remains on people’s minds. The post-lockdown revenge travel phenomenon only reinforces that.

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Article Budgeting Reservations Communication 88

Revenue Hub

MARCH 5, 2024

A study by Forrester Research found that legacy systems can use up to 75% of a company’s IT budget just for maintenance , leaving only 25% for new initiatives. Overcoming the Challenges of Legacy Systems Remaining competitive and efficient in today’s rapidly changing technological landscape requires updating legacy technology.

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Maintenance POS Systems Book Article 98

Les Roches

JANUARY 11, 2024

Pricing strategies Inverse Couple Images/ Moment via Getty Images Did you know that, on average, large retailers change prices every three minutes ? To achieve­ revenue growth, imple­menting effective­ pricing strategies is fundamental and a discipline in itself.

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Definition Pricing Training Marketing 52

Synergy Suite

NOVEMBER 30, 2023

They serve as a compass, guiding decisions on pricing strategies, menu development, and staffing levels, ultimately influencing the delicate balance between offering high-quality cuisine and ensuring the establishment’s profitability. For restaurant owners and managers, understanding and effectively managing prime costs are paramount.

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Portion Control Scheduling Pricing Training 52

Revenue Hub

MAY 11, 2023

At the same time, however, we must acknowledge (and appropriately assess) this changed landscape. Whether it’s offering different dates, spaces, or pricing options, hospitality brands that act as true, creative partners to their customers and demonstrate flexibility in the booking/planning process are most likely to succeed.

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Events Pricing Catering Book 89

STAAH

MAY 11, 2023

Kerala, a state nestled in the southern region of India, boasts a breathtaking array of natural wonders such as serene backwaters, pristine beaches, and scenic landscapes. With its rich cultural heritage, eco-friendly tourism, and renowned Ayurvedic practices, Kerala is often referred to as “God’s Own Country.”

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Travel and Tourism Budgeting Business Development Strategic Planning 94

Modern Restaurant Management

JANUARY 24, 2022

However, between staffing shortages, high customer expectations, and pent-up demand due to the ever-in-flux restaurant landscape, it’s more integral than ever before. Yes, the importance of a good customer experience has always been key. Thankfully, restaurant technologies can play a dual role.

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