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OTAs: Friend or Foe of the Hotel Industry?
Online Travel Agencies like Booking.com and Expedia have revolutionized hotel bookings, offering high reach and convenience. However, they also bring challenges such as high commissions and dependency risks.
The Importance of Market Price Positioning in Revenue Management for Hotels
In the hospitality industry, dynamic market conditions, shifting demand streams, and increasing competition present central challenges. Hotels face the daily task of determining the right
The True Competitors in the Hotel Market: How to Identify Them and How Many Should I Monitor?
Successful revenue management starts with the right competitor analysis. In this post, hoteliers will learn how to identify their true competitors and which factors to consider.
The secret to hotel success: How linked products can boost revenue and guest satisfaction
Linked products can increase sales and guest satisfaction in hotels through bundled offers, up-selling and cross-selling.
Group convention sales in hotels requires a change of perspective
In the highly competitive hotel industry, group convention sales can make or break a hotel’s success.
Revenue management in the hotel industry: more than just pricing
Revenue management is much more than just setting prices. It is a complex and holistic approach that aims to maximise revenue while optimising value for the guest. But what exactly does this holistic approach mean? And how can hotels implement this approach effectively?
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