Revenue Hub

JANUARY 9, 2024

According to Trootech, the present AI market stand October 2023 is worth over 300 billion EUR, and AI has become the number one priority for 83% of businesses around the globe. Revenue managers would use spreadsheets and basic forecasting tools to make pricing decisions, often overlooking the complexity of the market dynamics.

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Modern Restaurant Management

AUGUST 3, 2022

Restaurants are presenting a value message to connect with potential guests concerned with rising costs and inflation. “Restaurant operators and manufacturers can win in this environment by differentiating value, understanding that value doesn't always translate to the lowest price,” he advises.

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Hotel Owner

APRIL 22, 2024

Each type of accommodation, whether it’s a chain hotel, resort, inn/bed and breakfast, or boutique hotel, presents its own set of advantages and disadvantages that hoteliers need to consider. For hoteliers this type of property presents lucrative opportunities to increase revenue by offering additional activities and services on-site.

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Hotel Owner

SEPTEMBER 20, 2023

Self-catering holiday let, The Old Post Office, in the Welsh town of Montgomery in Powys is currently on the market with an asking price of £595,000. Barwell said: “We really enjoyed the challenge presented by the former Post Office in bringing the building right up to date.

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Revenue Hub

SEPTEMBER 25, 2023

NB: This is an article from Agilysys These travellers, who seek accommodation on short notice or without pre-planned reservations, present both opportunities and challenges for hotels. In this article, we will explore the effect of transient travellers on hotel revenue and strategies for capitalizing on this dynamic market segment.

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Modern Restaurant Management

SEPTEMBER 17, 2022

Sophisticated and Spirit-Free : Non-alcoholic offerings at the country’s top bars, restaurants and hotels are now just as elevated, delicious, and pricey as their alcoholic counterparts, featuring similar ingredients, flavors and presentations just without alcohol. Top Execution and Presentation Insights. Top Wine Insights.

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Hotel Owner

NOVEMBER 16, 2022

Heywood Hall in Denstone, Staffordshire, which has recently diversified into the hospitality sector, has been placed on the market off a guide price of £1.25m.

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Hotel Owner

FEBRUARY 26, 2024

A historic Grade II listed building adjacent to Manchester Victoria Station, Parkers Hotel, has been put up for sale with an asking price of £14m. The fully equipped lodges cater to self-catering visitors and offer potential for further development.

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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.

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Revenue Hub

OCTOBER 23, 2023

Thus, it adds a novel dimension to the hotel’s offerings, presenting an opportunity to accentuate unique selling points and differentiate in a market teeming with options, whilst also safeguarding and enhancing revenue streams. With these tools hotels can more effectively set pricing strategies, thereby freeing up resources and time.

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Hotel Business

MARCH 13, 2024

This flexible approach allows properties to cater to a different demographic of guests, including jet lagged travelers on long layovers, busy professionals who need to freshen up before an important meeting or anyone else who simply wants a few hours of rest and relaxation in the middle of a hectic day.

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Hotel Owner

APRIL 10, 2024

The four-star Douglas Hotel, situated on the Scottish Isle of Arran, has been listed for sale at a price of £2.9m. Additionally, The Shorehouse, featuring 13 self-catering apartments, is available for separate purchase.

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STAAH

JANUARY 29, 2024

Through the partnership, STAAH’s vacation rental, serviced apartment and other self-catering property customers receive direct access to distribute their inventory through Holidu’s booking platform which boasts more than 30 million visitors a month across 25 live domains. million guests stayed in a Holidu booked property in 2023.

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Revenue Hub

OCTOBER 17, 2023

The insights presented here offer a glimpse into the key drivers that are shaping the hotel industry’s financial landscape, setting the foundation for the next year’s advancements and shifts. Given the varied guest profile and seasonality of the region, the management recognized the need for a flexible and responsive pricing strategy.

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Larry Mogelonsky

FEBRUARY 12, 2024

At this point, we could lecture on about Veblen goods , Giffen goods , the rise of the leisure class and other elements of behavioral economics that contribute to a hotel’s pricing strategy, perhaps it’s better to explain our point via an example. Namely, we are wine nuts, so let’s start there.

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STAAH

APRIL 25, 2024

Adventure & Other Activities Delhi brims with diverse adventures and activities catering to all interests. Best Street Shopping Experience Delhi offers a vibrant street shopping experience, with iconic destinations like Sarojini Nagar Market and Janpath renowned for their trendy fashion finds at bargain prices.

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SiteMinder

APRIL 17, 2024

Hotwire.com is an online travel site that offers opaque pricing for hotel rooms, rental cars, and airline tickets. Fill unbooked rooms through opaque pricing without undermining your mainstream rates. You can offer select inventory at discounted rates to price-conscious shoppers, maximising occupancy during slower periods.

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Modern Restaurant Management

FEBRUARY 7, 2024

According to a National Restaurant Association Show presentation, Gen Z consumers care more about authenticity, convenience and aesthetics than price value. Catering to a New Audience To capture Gen Z's taste buds and attention, restaurants must continually innovate their menus.

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Revenue Hub

JANUARY 11, 2024

These findings were presented in Hilton’s third-annual trends report, titled “What Millennials, Gen Z, Gen X, and Baby Boomers Tell Us About Travel in the Year Ahead.” Attribute-Based Pricing Takes Centre Stage As personalised experiences become more sought after, attribute-based pricing is expected to dominate in 2024.

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STAAH

NOVEMBER 16, 2023

With its blend of modernity and rich cultural heritage, Dubai caters to a wide range of interests, making it a must-visit destination for those seeking a truly unique and vibrant travel experience. 8) Affordable Prices | Something for Everyone Dubai, known for opulence, also surprises with its affordability.

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Revenue Hub

DECEMBER 14, 2023

Understand the Needs and Pain Points Before presenting a case for investing in a new revenue management system, it is crucial to thoroughly understand the needs and pain points of your hotel. These include dynamic pricing, personalized offers, and real-time demand forecasting. You should highlight points that cater to human psychology.

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STAAH

JUNE 20, 2023

With hundreds of OTAs and countless social media channels, being present to everyone is not a realistic option. For properties that cater to the business segment. Don’t spread yourself to think by being present on every social channel 5) Email Marketing Email marketing is often underestimated in hotel marketing efforts.

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Boutique Hotelier

FEBRUARY 16, 2023

What challenges are you facing with both menu creation and sourcing the right suppliers at the right price? People still do want seasonal and local items and winter can present more challenges in terms of the harvest and the availability of fruit and vegetables. How do you cater for hotel guests as well as customers from outside?

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Hotel Business

JUNE 27, 2023

This metric provides insights into the success of your pricing strategies, space utilization, and overall parking revenue performance. Here, we present six key strategies derived from years of working with diverse hotel properties: 1. This allows you to cater to various customer segments and maximize revenue from each parking space.

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Revenue Hub

JUNE 22, 2023

With hundreds of OTAs and countless social media channels, being present to everyone is not a realistic option. For properties that cater to the business segment. Don’t spread yourself to think by being present on every social channel 5) Email Marketing Email marketing is often underestimated in hotel marketing efforts.

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Book Marketing Presentation Article 79

Modern Restaurant Management

MAY 23, 2023

As a result, restaurants had to quickly adapt by offering takeout and delivery options to cater to their customers' changing needs. In addition, businesses can offer personalized food options, such as customized salads or build-your-own pizzas, making sure they are catering to customers' unique tastes and dietary requirements.

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Revenue Hub

MAY 9, 2023

This can lead to missed opportunities and suboptimal pricing decisions, particularly in the face of increasing competition and market complexity. By leveraging advanced AI-powered revenue management solutions and best practices, hotels can better anticipate demand, optimize pricing and availability, and win more business from group customers.

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Revenue Hub

DECEMBER 11, 2023

It is necessary to shift towards guest-centric strategies catering to guests’ nuanced needs and preferences. The shift to guest-centric revenue management presents challenges and opportunities, particularly for revenue managers who have long operated within the frameworks of traditional methodologies.

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Revenue Hub

MAY 11, 2023

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. After all, speed and service win more often than price.

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Modern Restaurant Management

NOVEMBER 10, 2021

This shift in behaviour is welcome news for the hospitality sector and presents a unique opportunity for anyone considering launching their own business. As long as there’s a strong Wi-Fi connection, holidaymakers can get away for longer and benefit from off-season prices, without having to cut trips short to race back to the office.

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7 Shifts

DECEMBER 18, 2019

With proper plating and presentation, just about any meal can be Instagrammable! Offering a discount for college students who present their student IDs provides extra incentive to take a lunchtime study break at your restaurant. Create a fixed-price ‘Mix and Match’ menu with soups, salads, and sandwiches for customers to choose from.

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Modern Restaurant Management

MARCH 24, 2022

She hopes to renovate it and turn it into the fish bistro of her dreams, catering to happy beachgoers all year round. So, Chloe has to present them with a sales forecast. for her daily lunchtime menu, she just puts “lunch” and an average price. However, before she can do this, she has some startup costs.

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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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EATER

JULY 25, 2022

But restaurants have been catering only to the former, to the detriment of flavor. About 20 to 25 percent of India’s population is vegetarian; America, by contrast, is only about 5 percent vegetarian , and so catering to that population has largely been viewed as unprofitable. A good veggie burger is a beautiful thing.

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Modern Restaurant Management

FEBRUARY 21, 2022

Looming threat of allergic reactions to ingredients present in the vegan claimed product escalates the problem even further. Through this approach, they are also able to cater to their customer’s taste while reducing the risk of using too much processed food. These factors are expected to create a loop.

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Synergy Suite

OCTOBER 5, 2023

This could include renting out space or property to other businesses or for events, any sort of income generated from membership or loyalty programs, income generated from partnerships or joint promotions, or income from catering services that are above and beyond the price of just the food.

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Hotel Owner

JUNE 30, 2023

Evolving expectations — but keep the personal touch Rapidly evolving customer expectations present another significant challenge for hotels. Energy prices, inventory management, and employee productivity all play critical roles in the profitability of a hotel.

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