How to Boost Guest Loyalty and Profitability Through Pricing
Revenue Management technology is getting more sophisticated with every year. After finding its way from the airline industry into the world of hotels, hoteliers have continuously improved their pricing strategies, from weekend or seasonal rates via BAR levels to completely open rates.
Can Forecasting Be Done When Historical Data Becomes Irrelevant?
At Revenue Management, we can predict demand through forecasting, which will simplify the task of making strategic decisions to optimise inventory and pricing, with the aim of maximising revenue and therefore GOPPAR (gross operating profit per available room).
How to boost visits to your website and convert them into actual reservations
One of the pains of every hotelier is to drive traffic to the web and finally convert visits into real bookings. We have been talking to our friends at MyHotelShop to gather some recommendations and help you increase your visits and improve the conversion rate.
Revenue for the future V: Reviewing protocols and roles
In recent weeks we have seen how destinations are progressing in the process of returning to normal after the great lockdown.
Have we passed the worst?
This is the first time that we have looked at the data since the Spanish government announced that hotels would be allowed to open from 11 May, although with severe restrictions on their activity.
Is an RMS still useful at this time of crisis?
The RMS will become a key component in the recovery of the hospitality industry as a result of the situation created by COVID-19.
Revenue for the future IV – Segmentation
Robert G. Cross defines Revenue Management as the art and science of predicting demand in real time at micro market level, and according to this prediction, optimize the price and availability of the products.
Revenue for the future III: Analysis of the market
In recent weeks we have attended numerous debates on how and when the crisis will end, while each government tries to implement the appropriate measures to overcome these circumstances in the best possible way.
Data update Madrid & Barcelona
Once again, we bring you the cancellations and pick up data from May, and we have extended the period until end August in order to determine if we can identify any change in the trends in the longer term.
Revenue for the future II: Pricing management
In the last two decades, we have witnessed a spectacular development in the field of pricing and revenue management globally.
Revenue for the future I: Inventory management and distribution
We are all aware of the health and economic crisis that we are experiencing around the world, and we have already assimilated that the tourism industry has been forced to stop its activity either by government mandate, or by the lack of demand.
Revenue Management never stops
This week, we thought it would be a good idea to take a look at what is happening in the mid and long term.
Cancellations and No Show in Madrid and Barcelona
Updating data on cancellations and no shows in Madrid and Barcelona
Some recommendations and data in times of crisis
At BEONx we want to help as much as possible in this difficult situation caused by COVID-19. Here are a series of recommendations and a bit of data to cope with the crisis.
Knowing who’s who of the hotel industry
Next Wednesday 27th of November will be held in A Coruña a forum organized by Horwath HTL, called “Who’s who of the hotel industry?”
Technological innovation in Hotel Management in Cartagena de Indias (Colombia)
Excellent reception on the Colombian Caribbean coast by the hotel industry in the two days organized by BEONx.
We attended the Graduation of the title of Expert in Revenue Management of the URJC
In BEONx we are strong believers in learning and education – that´s why we have our own BEONx Academy.
Webinar in LATAM with our partner Siteminder
Julia Rey, speaker from BEONx and Oswaldo Houtman, from Siteminder, presented an interesting chat about how the technologies are changing not only the way we manage the hotel internally
Working breakfast on technological innovation in hotel management in Medellín
Great welcome yesterday by the hoteliers of Medellin who filled the capacity during the breakfast meeting that we organized with our friends from Roiback and Revenue Hotel Consultant.
BEONx tells you about the experience at IHTF Forum Croatia
This week our colleagues Neville Isaac and Angie Flaquer attended the IHTF2019 Forum in Zagreb, and participated in a panel discussion about technology solutions for Revenue Management.