Pricing is of decisive importance for all businesses in all sectors. While setting hotel room prices might seem like an easy step, it’s all part of a bigger game: revenue management. Setting the right price can often make the difference between the success and...
The hotel and airline industries have really begun to benefit from technology’s rapid advancement in recent years, as it continues to advance across all industries around the world. With revenue management systems, hotels and airlines have been able to improve...
Dynamic pricing strategy is a highly effective process of automating revenue management. Businesses from travel and tourism industries like hotels and airlines mainly take dynamic pricing into account for tweaking room or flight prices in real-time based on...
We could tell you all about the fantastic benefits of using revenue management systems (RMS) like Pricepoint in hotels. But the thing is – it would be from our perspective because, of course, we’re an RMS provider. That’s why we have asked our clients about their...
You have a revenue and marketing strategy in place at the hotel – that’s great! But how do you measure its success? With Key Performance Indicators (KPI in short), of course. One of the most commonly used KPIs in the hotel industry is revenue per available room,...
One of the critical hotel revenue management formulas – used on the daily basis in hotels, is hotel occupancy rate. Let’s uncover more about this rate and how to calculate it. What is the hotel occupancy rate? The average occupancy metric shows the...
