by Andrew Stott | Mar 6, 2023 | Hotel Revenue Management
Guest Blog by Vania Koen Hospitality businesses are rapidly investing in technologies, and your business should follow suit. A survey by the New York University Jonathan M. Tisch Center of Hospitality and technology company StaynTouch revealed that around 81.7% of...
by Andrew Stott | Mar 3, 2023 | Hotel Revenue Management
Why You Shouldn’t Only Consider Competitor Prices When Adjusting Room Price In business, as in life, fortune favors the bold. Closed mouths, they say, don’t get fed. Slow and steady might win the race, but a certain level of chutzpah is needed to succeed...
by Mateusz | Mar 2, 2023 | Hotel Revenue Management
Pricing plays a significant role in any business. Especially in hyper-competitive sectors like hotels, the significance of calculating room rent properly is immense. As a hotelier, your competitors might be just next door. In such scenarios, there’s always the...
by Mateusz | Feb 24, 2023 | Hotel Revenue Management
Running an accommodation business is quite challenging. Somewhere in the hustle and bustle of taking proper care of guests and managing other hospitality tasks, hoteliers often overlook their pricing approach. However, you may leave money on the table and bottleneck...
by Andrew Stott | Feb 10, 2023 | Hotel Revenue Management
**Joint guest post with GauVendi, a proud partner of Pricepoint** Dynamic pricing has been a game-changer for the hospitality industry, especially for revenue management. It was once only accessible to large hotels and airlines, but with advancements in technology,...
by Mateusz | Jan 20, 2023 | Hotel Revenue Management
Reservation lead times in the hospitality industry are changing in key markets in which we operate, making forecasting more challenging. Nonetheless, it remains extremely important for our operational departments to have a realistic financial outlook in order to...
by Andrew Stott | Jan 11, 2023 | Hotel Revenue Management
Give a little extra to loyal hotel customers – Get rewarded big-time! When considering the resources available to the independent hotel, what immediately comes to mind? Room inventory, pricing, location… but what about the customer? It’s much more...
by Mateusz | Jan 9, 2023 | Hotel Revenue Management
Market fluctuations and changes in hospitality and travel demand can be fast-paced for hoteliers and revenue managers. The ability to quickly adjust revenue strategies as demand changes is critical to successful hotels, even when overall travel to the area is lighter....
by Mateusz | Dec 21, 2022 | Hotel Revenue Management
In the hotel industry, revenue managers and hoteliers know how quickly markets can fluctuate and how quickly travel demand can change. Hotels must be able to adjust revenue strategies quickly to capture as much business as possible when demand changes, even when...
by Andrew Stott | Dec 7, 2022 | Hotel Revenue Management
It’s almost a new year in the hospitality industry, and independent hotel revenue and interest is on the rise. With the holiday season fast approaching and people becoming more and more comfortable with travel and hospitality, smart hoteliers have already started...
