Hotel Room Pricing is a term that is quite simple and challenging at the same time. All hoteliers might be familiar with the term pretty well but most of them face huge difficulties in finding suitable pricing. There is no such thing as a universal fixed rate and hotel room rates are dynamic in nature….
After the onset of COVID-19, hotels are struggling and making general efforts to boost profits by increasing their occupancy rate. Keeping hotel occupancy rates at an optimum level helps hotel business owners to stay profitable in the long run. And looking at the average occupancy rate for hotels in 2022, the hospitality industry is optimistic…
Competition has significantly increased in every other industry and has forced many business owners to adopt different strategies to stay ahead in the competition. The hospitality industry also suffers from cut-throat competition for which it is important for hoteliers to adopt a suitable Hotel competitor analysis to get an edge in the market. A competitor…
Every business survives on revenue generation and profitability in this tech-forward competitive world. But strategically planning and boosting revenue management provide you the leverage to stay ahead of the competition. It is something hoteliers thrive to achieve through dynamic pricing strategies and analyzing fluctuating demands. In this article, we have covered everything about Hotel Revenue…
Hotel Pricing plays a key role in the hospitality industry because of such a highly competition-driven field and to maximize profits. Thus, Hotel Pricing Monitoring is a crucial strategy that many hoteliers adopt to maintain and sustain the competition. This not only helps hoteliers to adjust and fluctuate their pricing strategy according to changing market…
Picture this: A traveler booked a hotel in Philadelphia from an online travel agency (OTA) at a discounted deal. Upon reaching the hotel destination, he is informed that the hotel he booked is actually in New Jersey. The traveler then spends hours trying to get his refund for the wrong hotel booking. Imagine the hassle…
If you’re a hotel owner or manager, you’ve likely heard of yield management pricing strategies for hoteliers. But if you don’t know what it is, exactly? And more importantly, what benefits can it bring to your business? In this blog post, we’ll break down yield management and explore seven pricing strategies you can use to…
As a hotel business owner, it is crucial that you remain updated with the recent and trending technology updates to stay ahead of the competition. Also, it is important to maintain your stand and position in the market. Thus, we have come up with the latest hotel technology trend which we know as API today….