Hotel Pricing Strategies

Hotel Invoice Guide: Essential Tips & Best Practices for Hotel Professionals

Martijn Barten2025-04-22T12:58:29+02:00

A hotel invoice is a document presented to guests at the end of their stay, breaking down the charges they have incurred. This can include the room rate, additional services they used, taxes and more. Hotel invoices are essential for maintaining accurate financial records and providing guests with a transparent overview of charges. They can assist with compliance, preventing disputes

Hotel Invoice Guide: Essential Tips & Best Practices for Hotel ProfessionalsMartijn Barten2025-04-22T12:58:29+02:00

What to Do When Your GM Wants You to “Fix” the Forecast

Revfine.com2025-04-07T14:23:06+02:00

Forecasting is never easy—but it gets a whole lot harder when someone asks you to "adjust" the numbers. If your General Manager (GM) pushes for a rosier picture than the data shows, how do you stay realistic without rocking the boat? In this article, we'll walk through how to handle the pressure, maintain integrity, and turn tricky conversations into alignment.

What to Do When Your GM Wants You to “Fix” the ForecastRevfine.com2025-04-07T14:23:06+02:00

Airbnb Pricing Strategies: Ultimate Guide for Revenue Management

Martijn Barten2025-02-28T11:47:23+01:00

Airbnb pricing strategies are the different approaches used to determine the rates Airbnb properties charge guests. There are a variety of different methods available and many hosts will use a combination of approaches. Adopting the right pricing strategy in the right moment is important for maximizing the amount of revenue earned on the Airbnb platform. At the same time, the

Airbnb Pricing Strategies: Ultimate Guide for Revenue ManagementMartijn Barten2025-02-28T11:47:23+01:00

Are You Forecasting Right? Tips to Optimize Your Hotel Revenue

Revfine.com2025-02-07T11:47:57+01:00

Running a hotel without forecasting is like driving without a map—you might eventually get there, but not without many unnecessary detours. Forecasting isn’t just for big hotel chains—the independent properties stand to gain the most from a clear picture of what’s ahead. Let’s explore how forecasting can help you to stay one step ahead and turn insights into revenue. What

Are You Forecasting Right? Tips to Optimize Your Hotel RevenueRevfine.com2025-02-07T11:47:57+01:00

14 Pricing Strategies to Increase Your Hotel Revenue

Martijn Barten2025-03-14T10:49:17+01:00

Maximizing revenue is a top priority for hotel operators, and achieving this goal often requires the right pricing strategy at the right time. Making room rate adjustments based on demand, customer segmentation, and other factors can be the key to overall business success. In this article, we offer insight into ten pricing strategies that hotels can adopt in their revenue

14 Pricing Strategies to Increase Your Hotel RevenueMartijn Barten2025-03-14T10:49:17+01:00

Dynamic Pricing: Benefits & Tips for Hoteliers to Increase Revenue

Martijn Barten2024-10-21T13:11:37+02:00

Dynamic pricing is a strategy where the price of products or services is adjusted based on market conditions. This typically means charging high prices during periods of high demand and low prices during low demand periods. For hotels, dynamic pricing plays a crucial role in revenue management, incentivizing bookings at crucial times. The ultimate aim of dynamic pricing is to

Dynamic Pricing: Benefits & Tips for Hoteliers to Increase RevenueMartijn Barten2024-10-21T13:11:37+02:00

How to Maximize Hotel Revenue by Applying Open Pricing to Upselling

Revfine.com2024-09-09T16:14:34+02:00

You probably already know that adjusting your room rates based on demand fluctuations can boost your revenue. But have you ever thought of applying this approach to upselling? And what about taking things yet another step further and using the principles of open pricing on upselling as well? Keep reading to discover how these techniques can take your revenue strategy

How to Maximize Hotel Revenue by Applying Open Pricing to UpsellingRevfine.com2024-09-09T16:14:34+02:00

Ancillary Revenue Guide: Optimize Revenue for Your Hotel

Martijn Barten2024-10-18T16:47:06+02:00

Ancillary revenue describes earnings that originate from the sale of products or services besides your primary offering. In the case of hotels, this means products and services beyond the sale of hotel rooms. For hotels, ancillary revenue is important because it provides additional income. When ancillary services are of a high standard, a hotel can extract more revenue from each

Ancillary Revenue Guide: Optimize Revenue for Your HotelMartijn Barten2024-10-18T16:47:06+02:00

How Can Hotels use Micro-segmentation to its Full Potential?

Suzanne2024-06-25T10:11:15+02:00

Question for Our Revenue Management Expert Panel: How can hotels use micro-segmentation to its full potential? At what point does it become too "micro" to be valuable and what tips can you share for achieving success? (Question by Pablo Torres) Our Revenue Management Expert Panel Pablo Torres - Hotel Consultant Tanya Hadwick -

How Can Hotels use Micro-segmentation to its Full Potential?Suzanne2024-06-25T10:11:15+02:00

8 Signals Your Hotel Pricing Needs Adjustment

Revfine.com2024-04-08T16:30:08+02:00

Recent studies reveal that prices perceived as unfair trigger discomfort in consumers, leading to reduced purchases, complaints, and negative reviews. Conversely, fair prices activate pleasure centers, enhancing customer satisfaction.[1] This underscores the importance of finding the sweet spot for your hotel's room prices: the perfect balance between attracting (happy) guests and maximizing revenue. Build a Foundation for Effective Hotel Pricing

8 Signals Your Hotel Pricing Needs AdjustmentRevfine.com2024-04-08T16:30:08+02:00

Supercharge Your Hotel’s Revenue Using Strategic Pricing

Revfine.com2024-01-28T17:37:48+01:00

In the hospitality industry, strategic revenue management allows hotels to achieve consistent profitability, no matter how the market changes. In revenue management, your goal is to fill rooms and maximize profitability on each booking in peak and off-peak seasons. Strategic Pricing to Increase Your Hotel's Revenue This article will teach you proven tactics to supercharge your revenue using strategic revenue

Supercharge Your Hotel’s Revenue Using Strategic PricingRevfine.com2024-01-28T17:37:48+01:00

Top 3 Hotel Rate Parity Issues and How to Fix Them

Revfine.com2024-04-10T17:00:52+02:00

Are you a hotelier struggling to maintain rate parity in today's ever-changing hospitality industry? If so, you're not alone. Despite the challenges of the last few years, rate parity remains a significant issue for hotels, and it's only getting more complicated. Top 3 Hotel Rate Parity Issues As a result of the pandemic, many hotels focused on generating short-term business

Top 3 Hotel Rate Parity Issues and How to Fix ThemRevfine.com2024-04-10T17:00:52+02:00

9 Top Tips for Effective Pricing Strategies for Hotels & Resorts

Revfine.com2023-12-06T11:10:57+01:00

An effective, data-driven room pricing strategy is the cornerstone of hotel distribution management, with the ultimate goal of finding the ideal price per room that ensures you can maximize revenue without losing guests to competing properties. 9 Effective Strategies for Rate Pricing While overall rate optimization is the main objective, there are various ways to get there. In this article,

9 Top Tips for Effective Pricing Strategies for Hotels & ResortsRevfine.com2023-12-06T11:10:57+01:00

Hotel Room Types & Room Pricing Tips for Hoteliers

Martijn Barten2024-06-01T13:40:01+02:00

Deciding what kinds of accommodation to offer your guests can be complex. In this article, you'll learn about the different types of hotel rooms, how they're categorized, and what types of guests they may attract. You'll learn about room categories based on use, number of occupants, and purpose, as well as pricing strategies for every room type. Table of Contents:

Hotel Room Types & Room Pricing Tips for HoteliersMartijn Barten2024-06-01T13:40:01+02:00

How Successful Hoteliers Handle Pricing Strategies for The Recovery

Revfine.com2025-02-23T11:54:23+01:00

Analyses showed that hotels with a solid revenue management strategy came out of the Covid-19 crisis better than hotels without. In this article, you’ll learn how successful hoteliers handle pricing strategies during the post-covid era, and how to deal with spillage, spoilage, overbooking, and overselling. Quick menu: Hotels With a Solid RM Strategy Came Out of the Covid-19 Crisis Well

How Successful Hoteliers Handle Pricing Strategies for The RecoveryRevfine.com2025-02-23T11:54:23+01:00

Hotel Dynamic Pricing Guide; An Essential Overview of All Price Tags

Revfine.com2025-02-23T11:54:36+01:00

Revenue management underpins six different main types of hotel room pricing. Called dynamic pricing or “price tags,” this article illustrates these various pricing approaches. As you adopt revenue management for your hotel, you’ll want to understand these concepts to interpret the phases of your property’s pricing path to maximize revenues or minimize damages. Quick menu: Hotel Dynamic Pricing Guide; Overview

Hotel Dynamic Pricing Guide; An Essential Overview of All Price TagsRevfine.com2025-02-23T11:54:36+01:00

How to Use Stay Restrictions in Hotel Revenue Management to Drive More Revenue

Revfine.com2023-12-06T13:00:00+01:00

Restricting your guests’ ability to book the stay dates they want may not sound like the best idea initially. But depending on your hotel, audience, and market situation, stay controls can be a vital revenue management tool. On top of driving reservations on slower days, they can increase revenue, reduce turnover and drive profitability. Read on below to discover more

How to Use Stay Restrictions in Hotel Revenue Management to Drive More RevenueRevfine.com2023-12-06T13:00:00+01:00

Tips for Calculating Demand and Price for Events without Historical Data

Suzanne2023-12-06T13:04:36+01:00

Question for Our Revenue Management Expert Panel: How do you calculate demand and room price for unique events that are new to your area (e.g., major concerts, Olympic Games, World Cup, etc.) without having historical data to refer to? (Question by Massimiliano Terzulli) Our Revenue Management Expert Panel Massimiliano Terzulli - Revenue Management

Tips for Calculating Demand and Price for Events without Historical DataSuzanne2023-12-06T13:04:36+01:00

Hotel Revenue Management

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