Revenue Hub

SEPTEMBER 26, 2023

NB: This is an article from Smartpricing In the competitive landscape of the hospitality industry, understanding the true cost of a hotel room isn’t just beneficial − it’s pivotal. A precise calculation influences pricing strategies, ensures profitability, and strengthens the foundation of your business. Download here!

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Pricing Download Article Marketing 96

Revenue Hub

APRIL 25, 2024

Below you will find brief introductions and links to 5 case studies which can help hoteliers looking to optimize revenue, develop sophisticated pricing strategies, refine revenue management strategies, streamline operations, or seize opportunities in times traditionally considered off-peak.

Download 97

Download Pricing Article Marketing 97

Revenue Hub

MAY 2, 2023

NB: This is an article from Lybra , one of our Expert Partners A well-defined pricing strategy is vital for the success of any hotel business. Hotel pricing is a dynamic process influenced by various factors, including location, competition, customer preferences, and seasonality.

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Pricing Article Book Events 64

eHotelier

NOVEMBER 2, 2023

In the competitive realm of the hotel industry, navigating the Black Friday landscape requires more than just slashing prices. The day of frantic shopping, incredible deals, and unmatched excitement is on its way: Black Friday is just around the corner.

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Pricing Marketing 130

eHotelier

FEBRUARY 7, 2024

Duetto, a global leader in revenue management systems, proudly unveils the successful acquisition of Micerate, a leading provider of dynamic pricing and online booking tools tailored for meetings and event spaces.

Book 130

Book Events Pricing 130

STAAH

APRIL 23, 2024

In today’s fast-paced hospitality landscape, staying ahead of the curve is paramount for maximizing revenue potential. Using technology like cloud platforms and integrated systems like STAAH Channel Manager improves revenue management efficiency , helping with pricing, inventory, and distribution processes to increase profits.

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Pricing Presentation Marketing Information 88

InnQuest

OCTOBER 24, 2023

Despite the rising popularity of OTAs, direct bookings continue to hold their own in the competitive landscape. Flexibility Direct bookings offer real-time pricing and promotion adjustments, giving you an advantage in responding to market dynamics.

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Reservations Book Pricing Guest Satisfaction 130

Revenue Hub

APRIL 30, 2024

This article debunks these misconceptions, highlighting the complex nature of revenue management that goes beyond pricing to include market analysis and customer behavior. While pricing plays a crucial role in revenue management, it is just one aspect of a much broader strategy. However, this is far from the truth.

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Pricing Information Article Marketing 78

Hotelogix

APRIL 22, 2024

Harnessing hotel data is essential for navigating the modern hospitality landscape, enhancing operational efficiency, and tailoring marketing efforts to meet guest preferences better. You can unlock a wealth of untapped revenue by analyzing data to forecast demand and adjust pricing accordingly. What is Hotel Data?

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Guest Satisfaction Book Pricing Reservations 130

MEWS

APRIL 3, 2023

In such a competitive landscape, it is key to make good choices about hotel room rates to maximize occupancy and, in turn, revenue. The more options you have for room pricing, the more flexibility guests have when choosing a room that best suits their needs, and the easier it will be for them to choose you over the competition.

Pricing 130

Pricing 130

Revenue Hub

FEBRUARY 27, 2024

Many discussions focus on familiar strategies like dynamic pricing, personalized offers, and the use of revenue management systems, already widely used in big cities. Pricing is either static, “hurdle-based” or dynamic with fixed “intuitively based” thresholds. Conversely, under-pricing will lead to low rated compression.

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Pricing Budgeting Book Article 97

Revenue Hub

MARCH 22, 2024

In the contemporary landscape of hospitality industry, data-driven decision-making has emerged as a pivotal tool for maximising profitability and elevating guest satisfaction in hotels. COMPETITIVE BENCHMARKING: Analysing competitor pricing, market demand, and trends is imperative for hotels to stay ahead in the game.

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Pricing Guest Satisfaction Information Book 95

Revenue Hub

AUGUST 10, 2023

Subscribe to our weekly newsletter and stay up to date Our recent survey identified the key things that influence travelers when making vacation decisions and how price plays into it. While you can’t change your location, understanding the local pricing landscape is crucial. Consider the location and views of each room.

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Budgeting Pricing Article Catering 81

Hospitality Net

FEBRUARY 19, 2024

It’s important to have visibility over your complete competitive landscape, and reflect it in your strategy. This indicates that the gap in price points between hotel and STR is closing*.

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Pricing Marketing 83

Boutique Hotel News

MARCH 14, 2023

This represents a premium of around 52 per cent on the volume-weighted average price (VWAP) in the three-month period leading to the end of January. The newly digitised events landscape, coupled with Cvent’s strong existing customer base and commitment to innovation, has provided a new growth vector in a post-Covid world.

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Events Definition Pricing 246

Revenue Hub

JANUARY 17, 2024

NB: This is an article from Userguest , one of our Expert Partners In this article, we’ll explore practical and effective ways for hoteliers to boost bookings and revenue in Q1 and Q2 of 2024 that align with the evolving landscape of travel and hotel trends.

Book 94

Book Pricing Article Marketing 94

Hospitality Magazine

FEBRUARY 6, 2023

. “I have visited Australia a few times and what excites me is that it is a country where there is a huge diversity of nature, landscapes, and species. ” The multi-course tasting menu is priced at $685 per person and will run across lunch and dinner sittings from Wednesday to Sunday.

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Front of House Pricing Magazine Book 246

Hospitality Net

FEBRUARY 7, 2024

Duetto, a global leader in revenue management systems, proudly unveils the successful acquisition of Micerate, a leading provider of dynamic pricing and online booking tools tailored for meetings and event spaces.

Book 77

Book Events Pricing 77

Modern Restaurant Management

NOVEMBER 21, 2022

As is the norm in the widespread economic landscape of 2022, inflation has well-and-truly hit the restaurant industry. Additionally, menu prices at casual dining establishments rose by an average of 9 percent year over year from 2021. So what can restaurateurs and food business operators do to cope in this economic landscape?

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Pricing Catering Information 197

STAAH

APRIL 16, 2024

Dynamic Pricing: A dynamic pricing is the backbone of any effective RMS. Look for a solution that utilizes sophisticated algorithms to analyze market demand, competitor pricing, booking patterns , and other relevant factors in real-time. Scalability and Flexibility: As your hotel grows, so should your RMS.

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Workflow Management Pricing Training Book 79

Revenue Hub

JANUARY 9, 2024

Subscribe to our weekly newsletter and stay up to date A New Era Demands New Strategies As hoteliers and revenue managers, you’ve witnessed the landscape evolve dramatically over the years. While pushing rates higher might seem like a good idea, it sometimes priced your property out of the market, causing potential guests to look elsewhere.

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Pricing Article Marketing Book 96

Revenue Hub

JANUARY 23, 2024

These establishments, unlike their year-round counterparts, navigate a landscape defined by limited operational periods, fluctuating demand, the need for occupancy optimization, and intricate resource management. The hospitality industry, marked by its dynamic and ever-evolving nature, faces unique challenges in the realm of seasonal hotels.

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Pricing Article Marketing Events 87

Hospitality Net

JULY 10, 2023

Despite the current economic landscape, exponential levels of revenge travel in summer 2023 continues unabated. Following the pandemic, responsible travel continues to be a critical factor when booking trips, and pricing across European hotels remains above pre-pandemic levels, and lower in the US.

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Book Pricing 89

Revenue Hub

NOVEMBER 7, 2023

One constant in this ever-changing landscape has been the definition of revenue management. In today’s hospitality landscape, where customer experience and loyalty are paramount, a definition that starts with the customer and emphasizes understanding their needs might be more apt.

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Definition Pricing Article 99

Revenue Hub

FEBRUARY 14, 2024

In the bustling urban landscape, city hotels are in a constant race to maintain high occupancy rates. RMS utilizes real-time data to forecast demand, enabling you to adjust pricing dynamically. Implement Dynamic Pricing Dynamic pricing is key in responding to market demand fluctuations.

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Article Pricing Book Guest Services 94

Revenue Hub

NOVEMBER 9, 2023

Step 1: Understand the Group Booking Landscape The journey to profitable group booking management begins with understanding the landscape. Step 2: Strategic Pricing and Inventory Management Now it’s time to dive into pricing and inventory management. This step holds the key to maximizing revenue.

Book 90

Book Pricing Guest Satisfaction Article 90

Revenue Hub

AUGUST 2, 2023

The rapidly changing landscape of hotel marketing is reshaping the traditional 4Ps – Product, Price, Promotion, and Place. The revolution touches every aspect, from personalized guest experiences and dynamic pricing to omnichannel presence and data-driven promotions. Conceived in the early 1960s by E.

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Marketing Pricing Article Blog 89

Hospitality Net

APRIL 12, 2024

In 2023, waterpark owners and operators saw a more competitive market as attendance levels remained similar to 2022 while ticket pricing growth was more subdued. New growth is forecasted for indoor and outdoor waterparks in 2024 as several large-scale projects will open that will alter the waterpark landscape.

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Pricing Marketing 52

InnQuest

OCTOBER 3, 2023

This blog explores how integrated solutions play a pivotal role in simplifying hotel payment processes and why they are crucial in today’s competitive landscape. Real-time Updates: Thereafter, integration with property management system s (PMS) provides real-time updates on room availability and pricing.

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Guest Satisfaction Information Property Management Blog 221

Revenue Hub

SEPTEMBER 5, 2023

This allows them to adjust pricing strategies, allocate rooms accordingly, and maximize revenue during peak seasons while avoiding vacancies during off-peak periods. By utilizing revenue management systems, hotels can optimize prices in real-time to strike a balance between attracting guests and maximizing revenue.

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Pricing Reservations Training Article 97

Hotel Owner

MAY 1, 2024

Substantial” offers were invited for the properties, and an undisclosed price was paid for the two hotels together. The Hickstead Hotel, on the edge of the High Weald National Landscape, is set within “beautiful” gardens and grounds extending to seven acres.

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Pricing Marketing 52

Revenue Hub

NOVEMBER 2, 2023

NB: This is an article from The Hotels Network , one of our Expert Partners In the competitive realm of the hotel industry, navigating the Black Friday landscape requires more than just slashing prices. Achieve your campaign goals through value-added propositions instead of cutting prices. Not ready to slash your rates?

Pricing 97

Pricing Article Marketing Book 97

Modern Restaurant Management

APRIL 30, 2024

Deciding what kind of LTO best fits your needs, whether you are going to break with convention or lean into a larger trend will determine a price point based on the supply chain accessibility of those ingredients. The pandemic emphatically demonstrated that disruptions of food suppliers will impact the prices and availability of products.

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Pricing Marketing Events 189

Hotel Owner

MARCH 22, 2024

Ston Easton Park Estate, a former country house hotel in Somerset, has been brought to market for an undisclosed price. The Grade I listed Palladian mansion, which features 20 bedrooms, sits within 28 acres of gardens and landscaped grounds designed in the 1700’s by English landscape designer, Humphrey Repton.

Marketing 52

Marketing Pricing 52

SiteMinder

APRIL 22, 2024

The collaboration integrates SiteMinder’s platform solution into Groupon’s, streamlining pricing and distribution processes while introducing new offerings for hoteliers and customers. Beyond simplifying pricing and distribution, it extends their reach, providing the flexibility needed in a dynamic market.

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Pricing Information Catering Reservations 69

Revenue Hub

AUGUST 7, 2023

Enhancing Pricing Strategies In the fiercely competitive hospitality landscape, pricing strategies can significantly impact a hotel’s revenue and profitability. Revenue management analytics allows hoteliers to go beyond traditional fixed-rate models and adopt dynamic pricing strategies.

Guest Satisfaction 87

Guest Satisfaction Pricing Article Book 87

PhocusWire

MARCH 6, 2023

With the addition of STR data, the Rate Insight+ platform gives hoteliers a complete picture of their competitive landscape and enables them to improve pricing decisions, according to OTA Insight.

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Pricing 74