Key factors to calculate demand forecasting
Understanding future demand is particularly relevant when the tourism sector is at a critical juncture.
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.
6 things we learned from HSMAI Roc & Doc
Yesterday our colleague Neville Isaac had the pleasure to attend the HSMAI event in Mallorca.
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.
4 Formulas to Improve Your Hotel’s Pricing Strategy
The most important Key Performance Indicator (KPI) when assessing a hotel’s pricing strategy is profitability.
Maximize Revenue with a Strong Revenue Management Strategy
Many people believe that technology clashes with the human aspect of a hotel, however, that’s not necessarily true.
Evaluate Your Booking Channels to Improve Distribution
In a highly competitive hospitality industry, hoteliers are constantly seeking innovated ways to increase their hotel´s revenue.
5 Tips for Managing a 360º Revenue Management Strategy
5 Tips for Managing a 360º Revenue Management Strategy Revenue Management is constantly evolving. It is important to adapt and implement specialized strategies that optimize resources and act on a client regardless of the context or platform used. Revenue management is the basis for the success of any hotel business. Without a clear strategy that […]