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Site title: The most intuitive revenue management solution ever | RoomPriceGenie
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If you set hotel rates once and then react late, you leave money on the table. I’d handle seasonal pricing with a simple loop: map every date into a season, set a base rate with a floor and ceiling, watch pace and occupancy, check competitors, and review results after each season.
Here’s the short version:
I sort future d...You might not be quite ready to let go of summer, but fall is just around the corner, and successful hoteliers are always looking ahead.
Fall marks a shift in travel patterns, and this year market conditions may be more unpredictable than usual.
By watching the right signals, you can make better pricing decisions, res...
Most hotel pricing errors come from one simple problem: looking at competitor rates before checking your own demand forecasting. If I had to sum up the fix in one line, it would be this: use competitor prices as a ...
Revenue management is often viewed as a solitary function in hotels. The revenue manager works quietly (and somewhat mysteriously) behind the scenes, analyzing data, adjusting prices, and making decisions that can affect every department.
But the best revenue strategies don’t happen in isolation. When everyone understands th...
If I had to boil it down to one rule, it’s this: use shared inventory for day-to-day transient demand, and use fixed allocation only for committed group or contract business.
T...