Pricing your rooms at the right price at the right time will help you sell more rooms and boost your occupancy, which ultimately leads to increased profitability.
Hotel Pricing Strategy: Open Your Mind Beyond the 4’s and 9’s
For the love of incremental revenue, please say goodbye to the 4’s and 9’s with your hotel pricing strategy.
Four ways valet parking can help grow your hotel’s profit and customer satisfaction
Expanding your valet parking can help you increase your hotel’s parking revenue, profit and customer satisfaction, plus improve your operations, without major investment.
Six tips to maximize your restaurant or bar’s profitability and customer satisfaction
Are you looking for ways to increase your restaurant or bar’s revenue, profit and customer satisfaction without major investment?
Discounting is for dummies Ð Part one
Remember, occupancy isnÕt what keeps the lights on and bank accounts full; ADR and RevPAR do.
The psychology of pricing
Human beings are hard-wired to interpret and react to the world around them in certain ways, even if those reactions are often irrational and unpredictable.
Three ways extended stay properties can use better data to optimize revenue performance
Pricing, business mix and allocation of inventory all depend on good data to optimize revenue performance at hotels where guests book for long periods of time.
Hospitality industry pricing: Where is it heading?
Online travel agents, data related issues and a skills shortage of revenue managers are all impacting pricing strategies in the hotel industry.
The transformation of the hotel industry from art to science
With the combined impact of shifting demographics and new technologies as the catalysts for this metamorphosis, the science of hospitality and marketing now permeates all areas of hotel operations.
