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We help you get better at hotel revenue management: the latest news, detailed tutorials, guides, and opinion pieces from hospitality tech professionals.
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Hotel rate intelligence: The essential market intelligence for hotel professionals
Any successful revenue management strategy requires the right market intelligence. With so many metrics involved, it is essential for revenue managers to have the full analysis of the key market conditions, including the main competitor’s room rates, their occupancy levels, the on-line user reviews as well as the overall demand levels for the period in the local area.
David Easton
David Easton
RGI stands for Revenue Generation Index. It is also known as RevPAR index and is one of the many Key Performance Indicators (KPI) hotel professionals use to track performance.
David Easton
As you may have heard already, in late 2019 the OTA giant Booking.
David Easton
Online Travel Agencies are an important distribution channel for most hotels as more than half of all travellers today use the Internet to plan their upcoming trip.
David Easton
Never assume hotel or hostel prices are fixed. From a standpoint of a traveller, it is important to know the best prices whenever you book a room.
David Easton
A rate shopper is a software solution used by hotel professionals to monitor room rates on the Internet. Rate shoppers give revenue managers overview of the local market conditions to help them make pricing decisions and maximize revenue.
David Easton
Do you want to know how to optimize your room rates with the help of a rate value matrix?
David Easton
What is the Average Daily Rate (ADR)? The average daily rate (ADR) is a popular metric in the hospitality industry used to indicate the average revenue per occupied room on a given day.
David Easton
Determining what price to sell your hotel rooms at is of strategic importance to every hotel business. In economics, there is a proven direct relationship between pricing and the positioning of a company and its products, turnover, and market share.
David Easton
What role does average occupancy rate play in your hotel operations? As hotel managers, we do our best to be data-informed with the decisions we make for our hotel business.