Common Challenges OTA Faces &  Their Solutions 2023

Common Challenges OTA Faces & Their Solutions 2023

The travel industry has grown rapidly in recent years with the increasing popularity of online booking agencies and the convenience it offers to customers. However, the industry also faces several challenges, including intense competition and the need to meet up the ever-changing demands of customers. But to cope up with those challenges of Online Traveling…

What Is The Rate Disparity In Hotels? 

What Is The Rate Disparity In Hotels? 

Creating a fair price structure for leveraging business profits and higher revenue generation while maintaining a good brand reputation among customers is an emerging challenge for hoteliers. The hospitality industry swings between a mix of thoughts about hotel price parity and disparity. There is a mixture of opinions on the same. Therefore, firstly, it is…

Hotel Rate Parity: Definition, Importance & Ways To Monitor

Hotel Rate Parity: Definition, Importance & Ways To Monitor

With the expansion of technology and the increase in the number of distribution channels, it has become a challenging task for hoteliers to maintain harmony in their pricing distribution. Often distribution channels lower the rate of a particular hotel room rate to attract more customers and later reveal hidden charges to compensate for the entire…

Hotel Comp Set Analysis: What It Is & How To Identify It?

Hotel Comp Set Analysis: What It Is & How To Identify It?

If you’re a part of the hotel revenue management or hotel booking business where every move counts, staying ahead of the competition is crucial. You need an essential weapon that gives you a bird’s eye view of the market and helps you make strategic decisions.  In this blog post, we’ll break down the basics of…

Hotel Pricing Strategies: 21 Most Effective Strategies Are Here

Hotel Pricing Strategies: 21 Most Effective Strategies Are Here

Hotel pricing strategies refer to the methods that hotels use to set the prices for their rooms. The goal of these strategies is to increase occupancy rates and boost revenue by attracting as many guests as possible while still maintaining profitability. There are many different hotel pricing strategies that can be used and by implementing…

Hotel Negotiated Rate Intelligence: Benefits & Utilization

Hotel Negotiated Rate Intelligence: Benefits & Utilization

Are empty rooms bringing you down? Time to bring out the big guns to fill them up with hotel-negotiated rate intelligence!  This powerful tool helps you to offer your guests the best pricing without sacrificing profits. In this article, we’ll dive into what rate-negotiated intelligence is and how it can boost your hotel’s profit. Get…

Surprising Role Technology Plays in Determining Hotel Prices

Surprising Role Technology Plays in Determining Hotel Prices

As a hotelier, you know that setting the right price for your rooms is a delicate balancing act. Undoubtedly, pricing is the top most important factor that can make or break any business. For setting up effective pricing there are countless factors to consider, from demand and competition to the cost of operating your property. …