What is rate parity and why do you need it in your hotel pricing strategy?
Rate parity can be a difficult concept to understand and even harder to manage. So much so that many hotel revenue managers often wrongly assume
Machine learning and its importance in hotel revenue management
Hotels are constantly looking for new ways to boost their revenue growth and attract a larger segment of the market. With the right revenue management
Yield Management: how it can help you optimise your revenue
One of your main objectives as a hotel manager is keeping your guests happy so that they have the best possible stay at your establishment.
Total Revenue: definition, how to calculate it, and examples
Total revenue is the cornerstone of an effective revenue management strategy. It reflects the overall financial health of a hotel and determines how like it
Top 5 hospitality software tools that you need in your hotel in 2023
Using the right hospitality software tools can help you automate and streamline many of the processes involved in running an efficient and profitable hotel. It
Annual budget: how to prepare it, and how it’s different from forecasting
Your hotel’s annual budget takes into account a number of aspects. You need to calculate what your expenses are likely to be for the year
Hotel tech: how to make sense of the tool jumble
Digital transformation is on the rise, and hoteliers need to revisit which tools are the most appropriate to achieve their goals.
3 tips for attracting maximum market demand
In recent years, we have seen a change in demand trends that require us to review our strategies.
Key factors to calculate demand forecasting
Understanding future demand is particularly relevant when the tourism sector is at a critical juncture.
How to get your rate structure to the next level: Agile Pricing
How to get your rate structure to the next level: Agile Pricing. Move to the next level in your pricing management thanks to technological tools that provide flexibility and allow mixed models.
The perfect conditions to implement an RMS and improve your business results
For a while now, Revenue Management has become the core of the hospitality business. It is not just a bunch of techniques to improve your pricing, but a proper science. And as such, it needs methodology, knowledge and procedures.
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).
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.
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.
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.
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.
8 Mistakes to Avoid in Your Revenue Management Strategy
Often there’s a fine line between success and failure in a marketing action and pricing strategy.
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Exp.: 08/22/SA/0012 . Línea 2022 Expansión internacional de Pymes.
Expansión internacional de las PYMES de la Comunidad de Castilla y León
Objetivo: “Conseguir un tejido empresarial más competitivo”
Actuación subvencionada: Participación en la feria FITUR (Madrid, Enero 2023)
Exp.: 03/18/SA/0022 Línea: Fomento de la innovación en Pymes
Proyectos de innovación en en ámbito tecnológico de las Pymes
Descripción del proyecto: Diagnóstico de ciberseguridad y seguridad IT de la plataforma SAAS de Beonx
Exp.: 07/18/SA/0015. Línea: Desarrollo de la Industria TIC
Proyectos de desarrollo de las TIC en Pymes
Descripción del proyecto: Smart Hotel Distribution for General Purpose: Nueva solución de Revenue Management System
para la optimización de la distribución en la venta de habitaciones de hotel.
