Creating a fair price structure for leveraging business profits and higher revenue generation while maintaining a good brand reputation among customers is an emerging challenge for hoteliers. The hospitality industry swings between a mix of thoughts about hotel price parity and disparity. There is a mixture of opinions on the same. Therefore, firstly, it is…
Every hotel business owner wants to boost bookings and overcome the challenge of rate disparity which affects the perception of their hotel brand value among their customers. This is the reason why a majority of hotels hop on the trend of maintaining rate parity to communicate and establish a uniform pricing structure across different channels….
With the expansion of technology and the increase in the number of distribution channels, it has become a challenging task for hoteliers to maintain harmony in their pricing distribution. Often distribution channels lower the rate of a particular hotel room rate to attract more customers and later reveal hidden charges to compensate for the entire…
If you’re a part of the hotel revenue management or hotel booking business where every move counts, staying ahead of the competition is crucial. You need an essential weapon that gives you a bird’s eye view of the market and helps you make strategic decisions. In this blog post, we’ll break down the basics of…
As a hotelier, you know that setting the right price for your hotel rooms is a delicate balancing act. Undoubtedly, pricing is the top most important factor that can make or break any business. For setting up effective pricing there are countless factors to consider, from demand and competition to the cost of operating your…
A suitable pricing strategy is something that every hotelier thrives to achieve to maximize their profit and improve their revenue management. For this reason, it is always better to use the best hotel rate shopper tools for your business that help you set an effective price bottom line. A great rate shopping tool can help…
As a hotel owner or manager, you know that data can be a powerful tool for driving business success. By collecting and analyzing data on everything from guest demographics to booking patterns, you can make informed decisions that drive bookings, revenue, and profitability. One type of data that can be particularly useful for hotels is…
Running a hotel involves a constant flow of decisions—managing room rates, tracking occupancy, improving guest experiences, and ensuring smooth operations. With so many moving parts, having the right data at your fingertips is crucial for success. This is where Hotel Business Intelligence (BI) tools come into play. In this blog, we’ll explore the 10 Best…
If you are a hotel business owner who wants to maximize your profit within a short span of time by strategically planning your pricing strategy, then you have landed on the right page. If you are still using the traditional seasonal room rates, you are already losing so much profit that you can easily accomplish…
Staring at empty rooms? Can’t hear the satisfying chatter of guests? We know, for hoteliers, it’s like a nightmare. But don’t worry, you can turn this around, and for doing so we are here to help you increase your hotel’s occupancy rate. Welcome to your roadmap to ramping up your hotel’s occupancy rate. No more…