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…
Hotel prices change every second around the world. I know it’s not brand new information for you, but have you ever thought about what hotel price data can reveal beyond the cost of stay? It’s not only a treasure trove for the hoteliers to know their competitor’s pricing and do something about theirs to secure…
Since 1987, Amadeus has been at the forefront of travel technology and is recognized as a global market leader revolutionizing the way travel businesses operate. From airlines to hotels and other travel businesses, Amadeus has set a gold standard in data accessibility and operational efficiency. Its Hotel Search API offers impressive features: However, accessing the…
Did you know that two out of three travelers use OTAs to plan or research their trips? That’s a huge chunk of potential guests! So, if your listings aren’t converting, you’re missing out on a massive opportunity to boost your hotel’s revenue. But here’s the good news—optimizing your OTA conversions doesn’t have to be complicated….
Picture this: A traveller booked a hotel in Philadelphia from an online travel agency (OTA) at a discounted deal. Upon reaching the hotel destination, he is informed that the hotel he booked is actually in New Jersey. The traveller then spends hours trying to get his refund for the wrong hotel booking. Imagine the hassle…
Ever wonder how some properties seem to always hit the sweet spot on pricing? The answer is competitor analysis. As the global economy gains momentum, the hotel industry is poised for substantial growth. By 2025, projections indicate the market will reach a value of US$443.10 billion. This growth is expected to maintain a steady pace,…
Competition in the hotel industry is rising fast. According to data from THP, there are currently 8,011 hotel opening projects in the pipeline worldwide. Of those, 2,771 are set to debut in 2025, adding more than 514,000 new rooms across the globe. That’s a lot of new players entering an already crowded market. And it’s…
As a hotel owner, implementing effective pricing strategy can transform your property from merely surviving to thriving in a competitive market. If you’re exploring effective pricing strategies to enhance room sales at your hotel, this guide offers the insights you need. In this blog, you will discover hotel pricing strategies, factors that influence them, and…
Are you having trouble setting the right room prices as a hotel owner, part of a hotel chain, or OTA operator? Worried about losing guests with high prices or missing out on revenue with prices that are too low? Well, this concern is not just valid but also backed by data. A 2023 Morning Consult…
The online travel industry is a high-stakes game. Giants like Expedia and Booking.com are taking the lead. Competition is fierce which makes staying ahead of the curve crucial. To survive and thrive in the online travel industry, you need to be sharp, make the process swift, and most importantly adopt technology for tech-savvy users. Because…