Our Blogs

How to make 35% more revenue? Tap the power of Scientific Pricing
January 27, 2016
Blog
Scientific pricing arrived on the scene as a diverse collection of pricing models developed by industry experts. This methodology is being employed by a rising number of hotels to supercharge their hotel operations and pricing strategies. This quick adoption of the scientific pricing methodology is being triggered by the huge revenue benefits and process improvements it has already garnered for many early adopters like Grandhotel Zvon, Hotel Bernini Bristol, The Landmark Bang...
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Want to Maximize Your Hotel Revenue? Get Your Room Forecast Accurate ASAP
January 8, 2016
Blog
Improving hotel forecasting is critical for effective planning and quick decision. Your goal is to avoid what we call the curse of "inaccurate forecasting." The more accurate hotel room forecasting you have, the better you can strategize across marketing, operations and pricing. In fact, an improvement of 10% in forecasting accuracy can result in an increase of 1.5% to 3% in revenue generated from a revenue management system. The infographic below outlines the reasons why ...
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9 Undeniable Advantages of Hotel Room Forecasting
January 3, 2016
Blog
With the shelf life of a single day for a hotel room, hoteliers aim to maximize its value. And, forecasting is the key driver of the pricing management decisions/inventory management decisions. Agree? Any inaccurate forecast(s) can lead to reduced profit margins for your hotel business. If you're among those hoteliers who have not tried effective hotel room forecasting yet, then you’re missing out on at least 9 advantages to your hotel revenue management approach. What are...
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Golden Rules to Make the Most of Your Hotel’s Facebook Page
December 15, 2015
Blog
There’s a reason why we hear a bazillion times about ‘how to make the most of your Facebook page’. Busy with the grand scheme of things, you might tend to forget the simple basic rules behind Social Media. Here are the quick essentials your hotel must follow to market on social media (Facebook) effectively: 1)       Understand where you stand Know where you stand online in comparison to your competitors Set up clear goals- what you want to achieve from your Face...
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DHISCO’s big data challenge
December 10, 2015
Blog
In this age of big data, there’s lots of talk about how all the seemingly unlimited amounts of information we collect and store can be put to use. But actually figuring out how to access and translate that into business intelligence remains one of the most vexing issues for the hospitality industry today. One of my top goals here at DHISCO Inc. is to advance our and our partners’ ability to analyze the data we have and create next-generation business intelligence solutions...
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A Revenue Management mistake that you need to avoid today
October 23, 2015
Blog
As a revenue manager, taking a decision on the right price is the most important part of your role. However, for your pricing decision to be as accurate as possible, there is another preceding decision that you need to take correctly. Most revenue managers spend a lot of time calculating optimum prices without dedicating sufficient time to this step. The trouble is, not paying enough attention to this step will invariably lead to incorrect pricing and missed revenue opp...
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The UK RevPAR Growth Story: Promises and Challenges
October 19, 2015
Blog
With WTM London right around the corner, the RateGain® team brings you an article about the UK's hospitality growth story, and what it means for Revenue Managers. In 2015, London is expected to  receive 18.82 million international visitors, according to the annual MasterCard Global Destinations Cities Index. This makes London the top-ranked international travel destination for the fifth time in a seven year period. This is 6% more than the 2014 number of 17.8 million visits...
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August 2015: Parity Performance. Where Does Your City Stand? – Latin America
September 28, 2015
Blog
This is the fourth part of an exclusive seven-part series that takes a look at how top cities in various regions have performed in terms of rate parity. The first six parts will look at trends in each of the below regions: APAC EUROPE NORTH AMERICA LATIN AMERICA (This Part) MIDDLE EAST OCEANIA The last part of this series will feature an in-depth comparison between the performance of these 6 regions and a check on the impact if any of rate parity being ...
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Introducing BrandGain Restaurant Module
September 18, 2015
Blog
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 travellers consider a hotel stay as a series of experiences. In addition to service, sleep quality and cleanliness, a very important part of the entire expe...
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