Hello hoteliers and hotel owners – The ‘wait and watch approach’ times are over – it’s time to act and fast. Power your Hotel’s comeback with strategy, intent, and execution – get your fair share of the market pie. As the hospitality businesses get ready to take off and return to normalcy, it’s time for hotels to evaluate their preparedness and comeback plans. Building visitors’ trust is one of the important items in this vital … Read More
When it comes to prices for hotels, the pressure is always on to get your room rates- be it from the revenue perspective, the guest perspective, or even both. Pricing plays a vital role in any consumer business, especially in those businesses like hotels and travel that hold a seat in hyper-competitive industries. It is indeed a complex task to provide guests with value for money while maintaining a stable bottom line and avoiding being … Read More
AI-based revenue management is steadily becoming one of the most sought-after and reliable strategies to drive top-line revenue growth. Revolutionary innovations in technology such as advanced analytics and automation models facilitate hotel revenue teams. They aim to simplify their processes and focus on building strategies to boost revenue. Technological strategic models like automation and analytics are not new for revenue management. However, recent developments such as live insights, predictive analytics, and forward-looking data take these … Read More