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How to Attract Price Sensitive Guests Without Slashing Prices

Revenue Hub

NB: This is an article from WebRezPro But as inflation and high flight prices persist, the revenge travel surge may start to wane. As the cost of living continues to rise, so will travelers’ price sensitivity. How can you maintain (and even grow) ADR and occupancy in a softening market?

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3 reasons why music should be part of your luxury hospitality marketing strategy

Les Roches

Just like the revenue management definition: ‘Selling the right product, to the right customer, right price, right channel, right time’ became the holy grail for an establishment’s success; so choosing the right music to be played at the right time, can also prove to boost profits and build your brand identity.

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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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Brady Hotels & Apartments gains game-changing support and success with SiteMinder

SiteMinder

Our properties excel in the leisure market, delivering exceptional value for those seeking a vibrant city escape. On top of that, it enhances our revenue management through dynamic pricing, optimising room rates based on demand, season, and events,” she continued. “It

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HB Exclusive: IDeaS names McCartan to lead EMEA

Hotel Business

He spent more than 20 years as a pricing evangelist who has helped thousands of hotels, owners and brands generate more revenue and improve profitability via the adoption of pricing automation and AI.

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Sales, revenue, procurement: Three cornerstones of a thriving hotel business

Hotel Owner

Sometimes it is all three,” explains Liz Wood group sales and business development director at Vine Hotels. A data-driven approach can leverage competitive advantage, allowing management teams to anticipate occupancy levels and formulate a variable pricing framework. ” Of course, it’s not just about revenue management.

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Definition of revenue growth strategies

Les Roches

Sales development representatives (SDRs) research and create new opportunities and schedule meetings, while business development managers (BDMs) focus on closing deals and generating revenue. Training and development of a sales team Sales training can significantly increase ROI (return on investment).