Every hotel business owner wants to boost bookings and overcome the challenge of rate disparity which affects the perception of their hotel brand value among their customers. This is the reason why a majority of hotels hop on the trend of maintaining rate parity to communicate and establish a uniform pricing structure across different channels….
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…
As a hotelier, you know that setting the right price for your hotel 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…
A suitable pricing strategy is something that every hotelier thrives to achieve to maximize their profit and improve their revenue management. For this reason, it is always better to use the best hotel rate shopper tools for your business that help you set an effective price bottom line. A great rate shopping tool can help…
As a hotel owner or manager, you know that data can be a powerful tool for driving business success. By collecting and analyzing data on everything from guest demographics to booking patterns, you can make informed decisions that drive bookings, revenue, and profitability. One type of data that can be particularly useful for hotels is…
Every business survives on revenue generation and profitability in this tech-forward competitive world. For strategically planning and boosting expected additional revenue generation you need to leverage hotel revenue management strategies 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…