Revenue Hub
AUGUST 22, 2023
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.
Hotelogix
MAY 16, 2024
Maximizing revenue with a revenue management system A revenue management system uses historical data and market analytics to forecast demand and adjust pricing in real time. This tool is essential for understanding market trends and guest booking patterns and optimizing revenue through strategic pricing.
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Revenue Hub
JULY 20, 2023
Offers and incentives: To encourage guests to book directly on the hotel website, you can provide special offers, discounts, or exclusive benefits. These can include lower prices, complimentary extras such as free Wi-Fi, breakfast, or a complimentary room upgrade. The website should also provide an easy and intuitive booking function.
Revenue Hub
JANUARY 11, 2024
By tracking and analysing customer journeys through cookies, hotels gain insights into guest behaviour, engagement, and other valuable metrics. This data-rich approach enables hotels to measure guest retention, acquisition rates, and consumer engagement scores, providing a solid foundation for strategic decision-making.
Revenue Hub
FEBRUARY 21, 2023
When potential guests see a hotel with a high volume of positive reviews, they are more likely to view the property as higher quality and therefore be willing to pay a higher rate for their stay. Reputation management also plays a role in guest retention and loyalty.
Modern Restaurant Management
JUNE 2, 2022
Additionally, with cost as the number three driver for customer retention, the fees associated with third-party services make them less appealing. This means that, while your menu may be competitively priced, the introduction of a third-party into customer interactions can increase the cost on both ends.
eZee Absolute
AUGUST 29, 2023
Streamlined hotel operations can significantly impact a hotel’s bottom line by enhancing guest retention , attracting positive reviews, and optimizing resource utilization. When guests feel that their unique needs and preferences are acknowledged, they’re more likely to return and recommend the hotel to others.
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