Remove Average Daily Rate Remove Revenue Management Remove Yield Management
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What is Yield Management: Guide for Hotels

SiteMinder

What is Yield Management? Yield management is a pricing and revenue management strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. A similar principle can apply to distribution.

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5 Common Mistakes in Hotel Revenue Management

Xotels

So, Im calling the mistakes out Here are 5 brutal revenue management mistakes I see hotels make all the time as a CEO of a revenue management consulting firm. Too much focus on only Occupancy or your average room rate, will erode your business. Not because of the market. Not because of bad luck.

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Hanging Gardens of Bali maximises sales and improves channel management with SiteMinder

SiteMinder

Besral Sitorus, Cluster Revenue Manager of the hotel, expressed his satisfaction after relying on SiteMinder: “SiteMinder has a LOT of connections, which makes it easier for us to connect with valuable channels. The team was struggling to widen visibility via online channels with their previous technology solution.

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Occupancy vs ADR, the Never Ending Discussion in Revenue Management

Xotels

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. What drives more value to the business, ADR, average daily rate, or occupancy? I have been in hotel revenue management consulting since 2006, and it is a question that keeps coming back.

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Hotel Management Technology: The Future of Hospitality

Hotelogix

Revenue Management Systems (RMS) Dynamic pricing strategies Demand forecasting : Use data to predict busy periods. Competitor rate monitoring : Change rates based on the market. Yield management integration : Tweak rates based on current demand. We're making sure each kilowatt has a job!