Revenue Hub

FEBRUARY 20, 2024

Common hotel revenue sinkers include selling inventory too soon and too low – spillage – or not selling enough during high demand, leaving you with last-minute discounts. Some analysts predicted it’d take three or four years before hotels fully rebounded. As you know, appropriate pricing is key to any profitable hotel.

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SiteMinder

SEPTEMBER 11, 2022

Strategic decision-making is crucial for hotels to continue growing. If you are wondering where to start, look no further than the traditional SWOT analysis for hotels: this tool is key to understanding your business, relative to the competition. What is a hotel SWOT analysis? Table of contents.

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Revenue Hub

JUNE 22, 2023

“Now, more than ever, hotel companies look to simplify their business at all levels in the face of labor shortages, supply chain disruptions, inflation, and economic uncertainty. This data aggregation scope is simply impossible for hotels relying on legacy pricing strategies.

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SiteMinder

OCTOBER 5, 2023

Table of contents Why are hotels using Expedia Partner Central? Being part of one of the world’s leading travel marketplaces, it offers hotels the potential to connect with a vast and diverse audience. This will involve providing detailed information about your hotel, so come prepared with a full profile.

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Les Roches

JANUARY 25, 2024

Hotel industry players who can leverage data effectively gain valuable insights that can influence their strategic decisions, from setting room prices to designing hotel marketing strategies. You can also use data to improve price-setting and see quiet times, where you can target offers to improve revenue.

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Les Roches

JANUARY 26, 2024

It’s an umbrella comprising various elements such as market research, product development, branding, advertising foods, and pricing strategy – every element that helps ensure good food sales. Market area analysis Understand your chosen market area’s characteristics.

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Marketing Blog Pricing Competitive Analysis 52

Lithos POS

JANUARY 27, 2022

Common Mistakes When Marketing Restaurants: Lack of digital marketing Not using all social media platforms Lack of traditional marketing Not following your customer Lack of competitive analysis The customer has not tracked Why do restaurants fail – Marketing issues | Lithospos. Lack of Competitive Analysis.

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Revenue Hub

JULY 4, 2023

Subscribe to our weekly newsletter and stay up to date ADR benefits The ADR provides various beneficial insights, from evaluating overall room or property revenue performance to informing competitive analysis and pricing strategy. Facilitates competitive analysis. Assists in revenue management and pricing strategy.

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eZee Absolute

NOVEMBER 19, 2023

However, despite the gains, inevitable challenges in the accommodation sector make running hotel businesses a little more difficult. This article talks about all the common challenges in the hotel industry and their possible solutions. Running a hotel business isn’t a cakewalk. There’s this hotel I visited in Prague.

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SiteMinder

AUGUST 18, 2022

At your hotel you also need to perform regular competitive analysis to see where you stand in the local market and how you can gain an advantage, or at least maximise your potential revenue and profit. This blog will tell you everything you need to know about hotel competitor analysis. Table of contents.

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Xotels Hotel Revenue Management

SEPTEMBER 1, 2020

For many people, starting their own boutique hotel or luxury bed and breakfast is like a dream. But opening a hotel business , just like any new company, is more difficult than it might seem at first sight. The hotel business is highly competitive and achieving good financial results is not as easy as it seems.

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Definition Marketing Budgeting Article 52