by Mateusz | Mar 27, 2023 | Hotel Revenue Management
According to an STR report the net propensity to travel increased by 32% in February 2022. It was a significant leap from late 2021 when the same benchmark dropped by more than -50%. Recently STR also found a sharp rise in occupancy rates at a global level. The...
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 | 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 Andrew Stott | Nov 30, 2022 | Hotel Revenue Management
How to Increase Hotel Revenues When Demand is Low It’s hotel revenue management 101: when demand for rooms is low, revenues decline alongside it. This can be especially tricky for independent hotels, where a single season can mean the difference between failure...
