SiteMinder

JUNE 12, 2024

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. Revenue management is the focal point for hotels in today’s climate.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

SiteMinder

JUNE 8, 2022

As unpredictable as it can be at times (especially through the COVID-19 pandemic), forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions. What is hotel revenue forecasting? Your average daily rate. Your total revenue. Average length of stay.

Forecasting 52

Forecasting Revenue Average Daily Rate Average Length of Stay 52

SiteMinder

OCTOBER 10, 2023

As unpredictable as it can be at times, especially after the COVID-19 pandemic, forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions. Monitoring this rate regularly can guide your revenue management decisions.

Forecasting 52

Forecasting Revenue Average Daily Rate Occupancy 52

Cloudbeds

APRIL 8, 2024

Booking engines integrated with a pricing intelligence engine or revenue management system can help you price more strategically using automation, adjusting rate plans and room types based on demand, seasonality, and other factors. If you rely too heavily on OTAs, you risk giving away your profit in commissions. Intelligent pricing.

OTA 98

OTA Upsell Average Length of Stay Revenue 98