Xotels

APRIL 3, 2024

Understand your Hotel´s Market The success of your revenue management strategy depends on how well you understand your market. This is one of the first steps when creating a revenue management strategy, performing thorough market research. The graph considers cancellations and identifies peak or slow booking days.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

SiteMinder

JUNE 12, 2024

This can involve overbooking strategies to account for last-minute cancellations or no-shows. Competitor Analysis : Monitoring the pricing strategies and occupancy rates of competitors to understand market positioning and make informed pricing decisions. This helps in tailoring specific offers or rates to different guest segments.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Little Hotelier

FEBRUARY 22, 2023

Does the hostel’s current target market match your ideal target market? Failing to do market research: You can’t just open a hostel and expect to get business. You need to know the type of guest you’re targeting. Is the property an appropriate size? Does the building or decor need an upgrade?

OTA 52

OTA Business Hiring Marketing 52

MediaBoom

APRIL 5, 2024

The Strategy Behind Successful Influencer Partnerships Choosing the Right Influencers : The effectiveness of an influencer partnership hinges on alignment between the influencer’s audience and the travel brand’s target market. Networking, internships, and building a portfolio of marketing campaigns can also pave the way.

Marketing Strategy 88

Marketing Strategy Market Marketing Travel 88