Running a hotel isn’t just about making beds and booking rooms anymore. Nowadays guests are choosier than ever and a market crowded with options, hotels need more than charm and good housekeeping to thrive. So, how can you keep up? Better yet, how can you grow your hotel business? The answer? Adapt, innovate, and focus…
Revenue management is often misunderstood as simply increasing hotel revenue. But as Rubinacci, a hospitality leader, points out, “Profitability and revenue are not the same thing.” True revenue management goes beyond filling rooms. It’s about making smart decisions on pricing, availability, and distribution to maximize long-term profitability. Apart from that, many hoteliers also confuse revenue…
Welcome, hotel owners and Online Travel Agencies (OTAs)! It’s a tricky balancing act in the hotel business, isn’t it? Keeping prices competitive, filling rooms, and ensuring the customers are satisfied – all at the same time. Sounds familiar? We all know that pricing can make or break a deal, right? But did you know monitoring…
Hotel price tracking has become quite important for the travel industry. There are so many competitors in the market due to keeping track of all the individual OTAs has become quite difficult. In this article, we are going to use python to create a simple hotel price-tracking script. We will track hotel prices for a…
Yield management has become the backbone of profitable hotel operations. Far beyond simple pricing, it’s the strategy that top-performing hotels use to adjust rates based on demand, timing, and guest behavior to ensure rooms are booked at the right price. By leveraging yield management, hotels can boost revenue by as much as 20% per booking….
The rising bar of technology has advanced the methods used by hoteliers to optimize their strategies and generate higher revenue. The concept of Pricing API for hotels has transformed the pricing strategies of the hospitality industry by providing them with real-time price intelligence. These Price APIs today are commonly used to retrieve and analyze pricing…
Let’s face it: in the hotel industry, pricing can make or break your business. Getting it right means more guests, higher revenue, and an edge over the competition. But with constantly shifting demand, seasonal peaks, and unpredictable events, how can you actually keep your rates spot-on without losing time or money? That’s where hotel price…
Revenue Management is an important task for any business and its entire journey is dependent on the same. Hoteliers are no exception in this relation and every other hotelier is trying to maximize their revenue generation using various tools. The expansion and enhancement in technology have created both hiccups and effective solutions for the hotel…
In today’s competitive hotel industry, data isn’t just numbers—it’s the key to staying ahead. As business intelligence evolves, more hoteliers are leveraging data analytics to capture meaningful insights. In fact, 29% of hoteliers view data analytics as a game-changing tool that will shape their operations over the next five years, while 44% see it as…
The travel industry has grown rapidly in recent years with the increasing popularity of online booking agencies and the convenience it offers to customers. However, the industry also faces several challenges, including intense competition and the need to meet up the ever-changing demands of customers. But to cope with those challenges of Online Traveling Platforms…