eZee Absolute

JANUARY 26, 2023

Pricing Strategies to Optimize Your Hotel Revenue Value-based pricing Package pricing Captive product pricing Market-penetration pricing Psychological pricing Promotional pricing Dynamic Pricing to Ace Your Strategic Game Why Is It Important to Set Pricing Strategies? This is the only way to make it win its place in the market.

Revenue 52

Revenue Market Penetration Revenue Management Services 52

SiteMinder

DECEMBER 7, 2023

A longer LOS can be an indicator of effective rate management strategies, such as offering discounts for extended stays. Market penetration index (MPI), average rate index (ARI), and revenue generation index (RGI) : These are comparative metrics used to assess a hotel’s performance against its competitive set or the broader market.

Management 59

Management Average Daily Rate Occupancy Revenue 59

SiteMinder

OCTOBER 9, 2023

Cost per acquisition (CPA) helps in understanding the cost involved in acquiring a customer, essential for budgeting and marketing strategies. Distribution channel performance is vital to know which channels (like OTAs, direct bookings) are most profitable. This is calculated by: your occupancy rate / market occupancy rate x 100.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59