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Minimumstay is a policy, or restriction, that you can set at your property which dictates how guests can book their reservation. For example, if you set a minimumstay of two nights, no guest will be able to book a stay shorter than that. For example, leisure guests generally stay longer than business guests.
Gain more control and business revenue than ever before Accelerate daily operations, increase efficiency, and boost revenue with SiteMinder's leading hotel platform. The restriction display screen shows us every date and every price with options to manage close-to-arrival, stop-sells, minimumlength of stay and more.
” Pro Tip: Monitor occupancy in real-time using Hotelogix Daily Business Reports to make quick decisions. ” MinimumLength of Stay Encourage extended bookings during high demand. Example: “Stay 3 nights and get a special rate. Example: “Book 30 days early and save 15%!”
On the other hand, city properties with a focus on business travellers usually see guests stay fewer days. This allows you to create pricing and distribution strategies that maximise high-demand periods and continue to drive business even when things slow down. Five tips to improve ALOS and maximise business revenue.
Holiday periods are a busy time for everyone, and for a lot of people a mid-year break or festive period is the perfect opportunity to travel. This is exciting for your business because it presents an opportunity to push the limits of your occupancy and cash-in on increased revenue.
As a hotelier, boosting the occupancy rate is critical to running a successful business. Are they families, couples, or business travelers? By keeping track of trends and analyzing past data, you can better understand when your peak seasons are and when there may be a lull in business. What is hotel occupancy?
And we bring to you five such effective hotel pricing strategies to help you maximize revenues and build a sustainable hotel business. The room rent you charge for your hotel rooms plays a very important role in your business, especially when you plan to sell more rooms. What is Hotel Room Pricing Strategy?
In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. Without a solid revenue management strategy, a hotel will just get lost in the pile of other hotels – being unable to reach satisfactory visibility and level of business to remain open.
In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. Without a solid revenue management strategy, a hotel will just get lost in the pile of other hotels being unable to reach satisfactory visibility and level of business to remain open.
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