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8 Pricing Strategies for Hotels During the Holiday Season

STAAH

During peak holiday periods, consider adopting a revenue management system that factors in various parameters such as historical booking data, competitor pricing, local events, and even weather forecasts. This not only adds value for guests but also allows hotels to upsell services and capture diverse customer preferences.

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Strategies to Manage Hotel Revenue & Increase Profit

Hotelogix

Optimizing ancillary revenue streams: To diversify your revenue sources, consider enhancing offerings in food and beverage, spa services, and event hosting. Train your staff to identify and capitalize on upselling opportunities. Strategic marketing and distribution: Optimize your presence across all distribution/sales channels.

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What is Yield Management: Guide for Hotels

SiteMinder

This includes offering tailored packages, suggesting room upgrades, promoting in-house dining experiences, and even curating special entertainment events. This data-driven approach allows hoteliers to make informed decisions about pricing, promotions, and packages based on historical data, market trends, and forecasts.

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Oracle offers all-in-one hospitality solution

Hotel Business

Together with OPERA Cloud Property Management system and Sales and Events management, Central will enable Scandic to connect all its relevant data and apply built-in analytics to deliver real-time insights to the right stakeholders across all its locations, according to the company.

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13 ways to attract more direct bookings for your hotel

Cloudbeds

Second, you still have to invest in marketing efforts to attract travelers and remain competitive. Include upsells and add-ons during the booking process Let guests personalize their stay as much as possible using add-ons, upsells, and packages integrated into your booking engine.

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Hotel Marketing Strategies – 15 Proven Ways for Maximizing Bookings

MediaBoom

Use social media advertising to promote seasonal packages, events, or limited-time offers. With the right approach, social media can be a cornerstone of your hotels marketing success. Adding perks such as free breakfast, spa treatments, or exclusive event access further enhances the appeal.

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What is a hotel POS system: benefits, features, and top providers

Cloudbeds

With this information, you can improve your hotel’s offerings and implement targeted marketing efforts. Upselling opportunities. Upsells represent a $28 billion opportunity for properties and are becoming an increasingly important part of a hotel’s revenue management strategy. Expanded service. Improved security.

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