Remove Average Daily Rate Remove Target Marketing Remove Upsell
article thumbnail

5 best revenue management consulting companies and services

Little Hotelier

In terms of hotel revenue management consulting, this guidance usually takes the form of more effective pricing – identifying and setting room rates that are alluring to your target market and result in more bookings, while maximising the amount you earn from each booking.

article thumbnail

What is Yield Management: Guide for Hotels

SiteMinder

This involves tracking key performance indicators (KPIs) like Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), and Gross Operating Profit Per Available Room (GOPPAR). Upselling and cross-selling strategy pricing Upselling and cross-selling revolve around enhancing guest value.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Hotel revenue management strategies and solutions

SiteMinder

Take advantage of the shifting market and raise your rates compared to keeping them static in order to earn more revenue. Open pricing Open pricing defines the flexibility hotels around the globe have to set their prices at different levels depending on the various target markets and distribution channels they deal with.

article thumbnail

Hotel Management: Meaning, Types, and Operations

SiteMinder

You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR). You have to look beyond the four or five biggest channels and find partners that most suit your hotel’s target market and brand positioning.

article thumbnail

Hotel Management: Meaning, Types, and Operations

SiteMinder

You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR). You have to look beyond the four or five biggest channels and find partners that most suit your hotel’s target market and brand positioning.

article thumbnail

11 hotel eCommerce strategies for selling more rooms online

Cloudbeds

Develop a search engine marketing (SEM) strategy by exploring paid advertising options on Google, Facebook, and other social media sites. Choose the platforms that best meet your marketing objectives and budget. Narrow down audiences to key target markets and select the keywords that best fit your property type.

OTA 98