BARC Research shows that businesses using data analytics experience an average of 8% profit growth and a 10% reduction in costs. Even more, 69% of these companies report making better strategic decisions, 54% have stronger control over their operations, and 52% have gained a deeper understanding of their customers. (Source) The data understates the necessity…
The hotel business is an exciting one, but it can be overwhelming if you’re not prepared for it. If you want to grow your hotel business in 2023, we have got you covered. But hold up! Before we dive in, it’s crucial to stay up-to-date with the latest market trends in the hospitality industry. So,…
Calling all hotel owners! Are you ready to take your revenue and profitability to the next level? Buckle up, because we’re about to embark on a journey to unlock the secrets of hotel revenue management strategies to supercharge your business success. In today’s world, staying ahead of the competition and generating revenue and profitability has…
Welcome, hotel owners and Online Travel Agencies (OTAs)! It’s a tricky balancing act in the hotel business, isn’t it? Keeping prices competitive, filling rooms, and ensuring the customers are satisfied – all at the same time. Sounds familiar? We all know that pricing can make or break a deal, right? But did you know monitoring…
Hotel price tracking has become quite important for the travel industry. There are so many competitors in the market due to keeping track of all the individual OTAs has become quite difficult. In this article, we are going to use python to create a simple hotel price-tracking script. We will track hotel prices for a…
Hey there! Let’s crack the code of yield management strategies in hotels, that nifty trick hotels use to boost their profits. In this blog, We’re going to debunk the confusion between yield management and revenue management, talk about why it matters, and give you some handy tips to put it to work. Imagine knowing just…
The rising bar of technology has advanced the methods used by hoteliers to optimize their strategies and generate higher revenue. The concept of Pricing API for hotels has transformed the pricing strategies of the hospitality industry by providing them with real-time price intelligence. These Price APIs today are commonly used to retrieve and analyze pricing…
As a hotelier, staying ahead of the competition is crucial to succeed in such a fast-evolving industry. However, finding the edge you need to outperform your competitors can be a challenge. But what if there was a way to precisely forecast hotel prices to optimize your revenue? That’s where hotel price forecasting comes in. In…
Revenue Management is an important task for any business and its entire journey is dependent on the same. Hoteliers are no exception in this relation and every other hotelier is trying to maximize their revenue generation using various tools. The expansion and enhancement in technology have created both hiccups and effective solutions for the hotel…
Data intelligence in the hotel industry is transforming the entire business operations by providing hoteliers insights to make data-driven decisions that improve their business operations, increase revenue, and enhance the guest experience. In today’s competitive hospitality industry, hotel data intelligence is a critical tool for hotels to stay ahead in the game. It doesn’t only…