Five Rate Mistakes in Revenue Management and How You Can Solve Them
Ask any hotel staffer not directly involved in revenue management about the daily tasks of a revenue manager, and they'll likely suggest it's all about 'setting' or 'raising rates.' While these activities are indeed crucial, they often eclipse the comprehensive analysis that underpins each pricing decision. Five Rate Mistakes in Revenue Management and How You Can Solve Them As a revenue manager, focusing entirely on pricing can inadvertently lead your hotel off course, resulting in less-than-optimal revenue outcomes. Numerous pitfalls await when it comes to finding that ideal price point. In this article, you'll find five of the most common
4 Guest Messaging Trends Every Hotelier Should be Aware of
Traveler expectations are changing rapidly as digital and contactless forms of communication become more popular across the hospitality industry. Today's travelers expect to be able to check into their flights through mobile apps, buy train tickets online, and communicate with their accommodation providers through text. Read on to learn more about emerging trends related to guest messaging that are sure to change the industry as we know it. 4 Trends in Guest Messaging Below you
How to Make Effective Upselling Part of Your Hotel’s Culture?
In hospitality, you’re always trying to do just a little bit better, both in terms of the experience you offer guests and the revenue you generate. Implementing new ideas and making them part of your property’s culture can seem challenging. But with the right training, it’s easier than you may think. In this piece, you’ll learn how to use a modern approach to staff development to encourage your team to tap into new incremental revenue
Orion Span: Information About Orion Span Space Hotel
Orion Span is a space tourism company best known for its planned space hotel, the Aurora Space Station. It is one of several private companies aiming to provide commercial space travel in the near future. It has one of the most exciting propositions of all, offering the opportunity to enjoy
AI Chatbot: What Are the Advantages for the Travel Industry?
Those operating within the travel industry succeed or fail based on the experience they provide for customers. AI chatbots represent one of the most exciting new technologies that can help improve this experience. In this article, you will learn more about AI chatbot technology and how it can benefit travel
What is And Why Should Hotels Use a GDS System?
For hotel industry business leaders, a global distribution system (GDS) is one of the main distribution channels, allowing travel agents to sell hotel rooms to their clients on your behalf. This can potentially increase the total number of room bookings generated and improve financial results. Here, you will learn more