How to Maximize Hotel Revenue by Applying Open Pricing to Upselling
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 and top line to the next level. The Role of Upselling in Revenue Management Upselling is an essential driver of ancillary income and can significantly increase your overall revenue and profitability. It allows you to maximize earnings during the high
Google Travel Insights: Tools & Data Trends for The Hospitality & Travel Industry
The launch of the Google Travel Insights platform is intended to help those in the travel industry by providing a single location to access important market data, industry insights, and relevant tools. In this article, you can learn more about the service and the numerous ways it can help travel companies improve business performance. Table of Contents: What is Google Travel Insights? Why is Google Travel Insights Useful for Travel Companies? The Three Components of
Considering a New Hospitality RMS? Watch Out for These 4 Myths
So, you’re thinking about upgrading to a more effective revenue management system (RMS) for your hospitality organization, but you have some doubts. Maybe you’re thinking: It’s too costly to install a different RM Learning a new system will take too much of my staff’s bandwidth My new system will take too long to learn how to price effectively It’s easier to stick with an RMS, I know. It’s “good enough.” However well-founded those concerns are,
Space Hotel: How to Book a Hotel in Space?
Space tourism is already a reality, and we could soon live in a world where regular commercial space travel exists too. Alongside this, one of the most intriguing possibilities is that you may have the chance to stay overnight in a space hotel. In this article, we take a look
Space Flight: How to Book a Ticket into Space
When most people think about tourism and commercial travel, they imagine trips to other parts of our planet. However, we live in an era where commercial space flight is becoming a realistic prospect. In this article, we will explain more about space tourism and offer information on how you can
Hospitality Careers: Overview of All Hospitality Positions
Hospitality careers can be ideal for people with a wide range of different skills, qualifications, and experiences, and there will often be excellent scope to move up the career ladder. However, having a rounded understanding of the industry is important, and this post will provide you with an overview of