Rate Management

Revenue Management ‘During Emergencies’

With a series of massive tornado's and thunderstorms affecting many areas of the country, it is a grim reminder that disaster can strike at anytime and anywhere. From the east coast, to the west coast and everywhere in between, hoteliers need to be prepared for storms and how to properly manage their hotel while keeping [...]

By |2019-06-05T20:06:53+00:00May 31st, 2019|Revenue Management, Rate Management|

Have a Happier Holiday & Increase your Bottom Line

The Time is Now to Maximize Holiday Income for your Hotel Just last month, AAA reported travel volume for Thanksgiving was the highest since 2005. Nearly 50 million people traveled more than 50 miles for the holiday.   That’s right, even more people are traveling in 2018 than during the height of the last economic [...]

By |2019-02-13T15:49:33+00:00December 12th, 2018|Revenue Management, Rate Management|

The Newest Iteration of Rate Management – Part 8

Be Open with your Rate Management Being flexible with rate management allows hoteliers to think in creative ways that can make hotels more money. The newest iteration of revenue management; understanding the total value of the customer rather than just what they pay on rate.   Time for a quick quiz. Which guest is more [...]

By |2018-12-07T15:53:27+00:00December 7th, 2018|Revenue Management, Rate Management|

Being Flexible with your Rate Management – Part 7

It’s time to cozy up to the BAR That’s Best Available Rate, of course, and by focusing a revenue management strategy around Best Available Rate, hoteliers are successfully pushing the average rate charged per room by more accurately leveraging the all-powerful supply vs. demand equation.   However, to fully maximize the opportunity to charge the [...]

By |2019-02-11T19:32:38+00:00November 16th, 2018|Revenue Management, Rate Management|

Automated Rate Management: The Star of your Hotel Software

The hotel industry is often up against it when it comes to room rate management. There is not only revenue per available room (RevPAR) to think about, profits and the bottom line, but also about how to increase RevPAR and somehow attract and please guests at the same time, season by season, even day by [...]

By |2019-02-13T15:50:32+00:00September 26th, 2018|Rate Management|

More ‘New’ Hotels Coming. Are you Ready?

Rapid new hotel development and increased renovations of older properties have transformed local and regional markets across the United States, forcing many hoteliers to consider new strategies to stay competitive. According to Lodging Econometrics, by the end of 2018, the number of hotels and rooms in the United States is forecast to grow by 2.5%. [...]

By |2019-02-11T19:32:50+00:00March 14th, 2018|Employee Training / Turnover, Rate Management|

Preparing your Hotel for the New Year (Part 2)

By now, you’re probably aware that in your hotels, experience is everything. That’s the guest satisfaction mantra as 2017 comes to an end. We know it, you know it, and everyone in hospitality knows this. But frankly, that’s old news. What you need to get the new year off to a great start is an understanding [...]

By |2019-02-11T19:46:17+00:00December 18th, 2017|Rate Management|

How to Prepare Your Hotel for the Coming Year

The new year is approaching and while your guests will be enjoying the last days of 2017 at your property, you might be spending that time planning for the coming year. From marketing strategies to revenue management, to new technologies and distribution partners, this is the time to make important decisions for 2018. So where [...]

By |2019-02-11T19:46:30+00:00December 12th, 2017|Distribution Management, Rate Management, Webinars|

New Year, New PMS

If you’re thinking about securing a new cloud-based property management system for 2018, now’s the time to act. By making the switch now, you may be in a great position to secure a full year’s worth of data come the end of 2018. That could be essential for your business. Use that data to help [...]

Maximizing Playoff Profitability for your Hotel

We all know sports are a great hotel business driver. Be it the local teams, or planned tournaments, they’re both important and predictable opportunities from which to fill rooms. (see our recent piece on that here). But, all bets are off when it comes to nail biting season enders. Many times, it’s not known until [...]

By |2019-02-11T19:32:56+00:00October 23rd, 2017|Rate Management|