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Revolutionize Hotel Event Revenue With Dynamic Pricing

Revenue Hub

Dynamic pricing is vital for hotel success today, but only some operators can see beyond the guestroom when applying this technology. NB: This is an article from IDeaS Many factors impacting guestroom dynamic pricing, like seasonality and occupancy, also play a role when optimizing event revenue.

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Essential Hotel Sales Strategies

Revenue Hub

Create an appealing hotel website: Your property’s website should be user-friendly and feature attractive design, clear information about rooms, amenities, location, services, and reviews. Offers and incentives: To encourage guests to book directly on the hotel website, you can provide special offers, discounts, or exclusive benefits.

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Unveiling the Future: Hotel and Travel Trends in 2024

Revenue Hub

This data-rich approach enables hotels to measure guest retention, acquisition rates, and consumer engagement scores, providing a solid foundation for strategic decision-making. To capitalise on this trend, hotels should ensure they are utilising the right tools for gathering guest demographics.

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A Roadmap to Enhanced Hotel Operations: 10 Strategic Insights

eZee Absolute

Streamlined hotel operations can significantly impact a hotel’s bottom line by enhancing guest retention , attracting positive reviews, and optimizing resource utilization. You can offer packages that bundle accommodations with experiences like spa treatments or dining, to encourage guests to upgrade their stay.

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Hyper Personalized Marketing in Hotels: Try These 8 Audiences

eZee Absolute

Hyper-personalization, just like personalized marketing , takes into account a wide range of customer data, such as demographics, past purchase behavior, browsing history, social media interactions, and other relevant information. This clearly asks for completely two different campaigns according to the information provided by them.

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How to Calculate Hotel Guest Acquisition Cost (GAC)

Hotelogix

This information is valuable for making informed decisions about resource allocation, marketing campaigns, pricing strategies, and overall business planning. By optimizing your marketing efforts and reducing acquisition costs, your hotel business can offer more attractive pricing to guests, leading to higher occupancy rates. 

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AI – what it means and what hoteliers are asking about this technology?

STAAH

AI provides hoteliers with the opportunity to enhance the customer experience and increase guest retention. We are already seeing this in applied in hotels via chatbots, data analytics, voice-activated services, and serving guests in multiple languages using smart technology and hyperdynamic pricing.