This post by our revenue expert, Kamesh Shukla, originally appeared on LinkedIn pulse. Hospitality and airline industries are considered to be the epitome of best practices in pricing and revenue management. In the battle to gain competitive advantage alongside high yields, sophisticated software suites are deployed by them to forecast demand, manage inventory and monitor…
One of the toughest challenges revenue managers face is determining the demand in their areas and the right tools that can help them assess the market scene appropriately. But it doesn’t have to be that way anymore. There are many revenue managers who’ve been able to accurately measure the demand and also boost their ADR and…
The degree of rate parity observed for Middle East hotels between their brand websites and the OTAs show variation by location in the April 2016 report. Muscat, Riyadh and Abu Dhabi maintained 100% parity in the 3-star hotel category, while Cairo and Sharjah emerged as clear parity practicing cities in the 4-star and 5-star categories,…
Recently, we got an opportunity to speak with the revenue analyst at The Manila Hotel, Philippines, Louie Reyes. We asked him a few questions about using our product suite that we thought would be of help to other hotel revenue management professionals. Here’s what Louie had to say … RateGain Editor: Please tell us about…
Barcelona; Hotel Condado, a prominent hospitality service provider in urban Barcelona, recently joined hands with RateGain to boost its bookings and expand presence online. After being chosen as the preferred channel manager vendor for Hotel Condado, RateGain will help the property manage online distribution of its distinct brand portfolio effectively, as well as retain rate parity…
Perishability and limited inventory are the two most important aspects of hotel business, and thus, pricing of a room becomes one of the most important KPIs for a Revenue Manager (RM). Developing effective pricing strategies remains a complex issue. Increasingly, hotels are turning to specialist revenue managers to maximize revenue and profits. With the…