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…
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…
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…
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 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 room pricing strategies that can be used and by…
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…
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…