This is the fourth part of an exclusive seven-part series that takes a look at how top cities in various regions have performed in terms of rate parity. The first six parts will look at trends in each of the below regions: APAC EUROPE NORTH AMERICA LATIN AMERICA (This Part) MIDDLE EAST OCEANIA The last part…
Good revenue managers are always on their toes, staying abreast with the latest news, best practices and adapting to real-time changes taking place in the industry. Hotel pricing strategies have made strides and replaced traditional pricing practices. The modern pricing strategies enable revenue managers understand the price sensitivity of demand and map it to the demand characteristics of their products,…
According to Kirby Payne, President of HVS Hotel Management, the primary role of F&B in a hotel is to increase a hotel’s room revenues. To this effect, if a hotel can increase their aggregate user ratings by one point (e.g. 3.3 to 4.3), they could increase their price by 11.2% before impacting occupancy. New age…
This is the third part of an exclusive seven-part series that takes a look at how top cities in various regions have performed in terms of rate parity. The first six parts will look at trends in each of the regions below: APAC EUROPE NORTH AMERICA (This part) MIDDLE EAST LATIN AMERICA OCEANIA The last…
Grandhotel Zvon is an award-winning, upscale 4-star hotel, situated in the historical centre of Ceske Budejovice. This international hotel brand has spacious, air-conditioned deluxe rooms and junior suites, fitted with high-quality furniture and luxurious fabrics. The team wanted to upgrade its manual database operations that were adversely affecting the quick decision making and add more…
As an hotelier, you are always wondering about what you can do next to increase your hotel’s revenue. You can take numerous initiatives to boost your top line, but probably one of the simplest ways is by taking the price optimization approach. Charging the right price, for the right offering, to the right customer, at…
This is the second part of an exclusive seven-part series that takes a look at how top cities in various regions have performed in terms of rate parity. The first six parts will look at trends in each of the below regions: APAC EUROPE (This part) NORTH AMERICA MIDDLE EAST LATIN AMERICA OCEANIA The last part…