Remove Closed To Arrival Remove Target Marketing Remove Yield Management
article thumbnail

What is Yield Management: Guide for Hotels

SiteMinder

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. A similar principle can apply to distribution.

article thumbnail

Hotel Revenue Management Strategies

Xotels

Revenue managers should analyse past booking patterns, referencing the guest in-house list from the previous year, including denials and regrets, to understand stays of varying lengths. Revenue management starts by analysing the market and competition. and which pricing approaches are needed to reach those objectives.