The Evolution of Hotel Pricing Strategy [Infographic]

Good revenue managers are always on their toes, staying abreast with the latest news, best practices and adapting to real-time changes taking place in the industry. Hotel pricing strategies have made strides and replaced traditional pricing practices. The modern pricing strategies enable revenue managers understand the price sensitivity of demand and map it to the demand characteristics of their products,…

Introducing BrandGain Restaurant Module

According to Kirby Payne, President of HVS Hotel Management, the primary role of F&B in a hotel is to increase a hotel’s room revenues. To this effect, if a hotel can increase their aggregate user ratings by one point (e.g. 3.3 to 4.3), they could increase their price by 11.2% before impacting occupancy. New age…

Revenue optimisation love story: Grandhotel Zvon achieves 34% growth in revenue with scientific pricing

Grandhotel Zvon is an award-winning, upscale 4-star hotel, situated in the historical centre of Ceske Budejovice. This international hotel brand has spacious, air-conditioned deluxe rooms and junior suites, fitted with high-quality furniture and luxurious fabrics. The team wanted to upgrade its manual database operations that were adversely affecting the quick decision making and add more…