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Example: “A beach resort raises prices in summer while offering discounts for winter visitors.” Attractive Packages and Promotions Packages and promotions add value for guests while increasing your revenue. ” Pro Tip: Monitor occupancy in real-time using Hotelogix Daily Business Reports to make quick decisions.
Resorts that welcome mostly leisure guests often have a longer ALOS. 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.
As a hotelier, boosting the occupancy rate is critical to running a successful business. For example, if you run a ski resort, you don't have to worry about occupancy during the winter. Are they families, couples, or business travelers? Higher hotel occupancy is a crucial factor in the success of your hotel business.
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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