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How to streamline daily operational tasks for your hotel today?

InnQuest

Accurate forecasting is another critical aspect of revenue management, allowing hotels to price confidently and prepare for high-demand seasons and special events. With real-time, automatic rate optimization, hotels can adjust rates dynamically in response to demand fluctuations, ensuring they are competitively priced.

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Revenue Managers: Yes It’s a Seller’s Market But Don’t Get Greedy

Revenue Hub

Firstly, our city is a drive-in market; guests don’t stay for three nights for special events. Also, we didn’t consider the demographics of our target guests. We were selling special event prices in a market that had reverted to normal holiday-weekend low demand. Of course nobody was booking.

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Decoding Hotel Demand: Mastering Hotel Seasonality for Profit

Revenue Hub

Hosting Events : Hotels can create demand by hosting events, conferences, or partnering with local businesses for special events. The hotel will optimize revenue and enhance the guest experience by focusing on specific target groups. Low Demand Days Demand begins to pick up but is still relatively low.

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New innovations come to hotel TVs

Hotel Business

Hotels will have the opportunity to unlock new revenue streams with on-screen advertising for property-centric dining, shopping, spas, special events, casinos and more. Additionally, OnStream will soon tap into loyalty data to personalize guest offers.

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Guide To Enhance Guest Experience at Your Hotel

Hotelogix

Post-stay: The relationship with guests shouldn't end when they leave. Importance of Improving Guest Satisfaction Key Elements/Factors Affecting Guest Experience Personalization: Tailoring experiences to suit individual guest preferences can significantly elevate their satisfaction.

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What is discount pricing? Strategy and examples for hotels

SiteMinder

By understanding and employing discount pricing strategically, hotels can maximise revenue, improve guest satisfaction, and enhance their overall brand image. Analysing competitors’ rates and offerings can provide a benchmark, helping hoteliers devise discount pricing that entices guests while maintaining profitability.

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Best Practices for Hotel Inventory Management

Revenue Hub

By having accurate and up-to-date information, hotels can avoid overbooking, allocate rooms more effectively, and provide guests with a seamless check-in experience. Leveraging historical data, market trends, and special events, hotels can predict periods of high and low demand.

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