The global economic slowdown is impacting hotel demand. Revenue Managers have to implement different strategies in order to generate optimum growth and revenue. Here are some of the tips by the Revnomix team to ensure our hotel partners succeed during the low-demand period. Push value and advantage Quoting rates is the easiest thing, however, demonstrating the right product for guests and the best value can be tricky. Demonstrate the various values and benefits of staying … Read More
In recent times, the Indian Hotel industry has been witnessing a systematic decline in profitability in spite of similar or more year-on-year occupancy growth. Hoteliers established that this decline was essentially due to incorrect segmentation and exceptionally high commissions charged by OTAs. We have seen several State and National Hotelier Associations allege that certain OTAs charge high commissions and have unfair business practices. There may be some substance to the allegations but OTAs cannot be … Read More
Data Analytics in the Hotel industry is quiet complex generally, due to the nature of business model where bookings arrive through multiple Channels, multiple Feeder Markets, multiple Segments etc. Mostly booking windows across channels are open to accept bookings up to 365 days in future which makes pricing decisions for each day in future and especially for the far out dates can be a cumbersome task. Most of the hotels are able to overcome this … Read More
