TravelNet

JUNE 22, 2023

All reasons why employing a dynamic revenue management strategy is critical to maximizing revenue and retaining owners during this extremely competitive environment. Can you maintain an effective revenue management strategy without software? This is the science behind revenue management.

Revenue Management 52

Revenue Management Revenue Management ROI 52

Fuel Travel

MARCH 28, 2024

Optimizing Revenue per Available Room (RevPAR) is one of the key focuses of most hoteliers. Navigating the complex world of revenue management requires innovative solutions. While dedicated revenue management software is a component of this process, all of your technology must work together to increase your bottom line.

Revenue 91

Revenue Average Daily Rate Occupancy Digital Marketing 91

Amadeus Hospitality

NOVEMBER 12, 2024

Hoteliers are recognizing the immense value that data brings to their business, from understanding drivers of demand to developing effective revenue management strategies. But the big question is – how willing are they to invest in new technology?

Business 52

Business Average Daily Rate Hospitality Ancillary Revenue 52

SiteMinder

SEPTEMBER 10, 2023

This should include room occupancy rates, average daily rates (ADR), revenue per available room (RevPAR), and customer acquisition costs. While it can be difficult to precisely predict revenue, effective revenue management is a key part of creating a hotel budget. A note for seasonal hotels.

Revenue 59

Revenue Revenue Management Hotels Average Daily Rate 59

TravelNet

AUGUST 28, 2023

In fact, simplifying your tech stack might be the best way to maximize ROI from your technology investments. But ROI aside, there’s a practical reason to consolidate that you probably never considered: less switching between apps and windows. Consolidating technology is not the wave of the future—it’s already here.

Average Daily Rate 52

Average Daily Rate ROI OTA Revenue Management 52

SiteMinder

OCTOBER 16, 2023

Pricing intelligence, also known as rate intelligence, is a way for hotels to optimise their pricing and profitability. It’s an essential part of a successful revenue management strategy and is implemented via the use of data and pricing intelligence tools. What is pricing intelligence?

Forecasting 59

Forecasting Revenue Management Revenue Hotels 59

Cloudbeds

OCTOBER 17, 2024

Here we break down strategies to maximize ROI on direct channels. Ensure your average daily rate (ADR) covers ad spend while leaving a profit margin but invest enough to capture user attention. and push those suggestions to your PMS, channel manager, and booking engine to be updated in real time.

OTA 76

OTA Occupancy Hotels Revenue 76