Hoteliers, are you tracking mobile app rates of your Comp-Set? Choose a Rate Shopping Tool that can help you do this and build the right pricing strategy. It has become extremely important to monitor Mobile App rates of your competition on a constant basis and thus optimize yours accordingly.
3 – Star Hotels:Only 1 city had less than 10% of hotels in parity out of 7 cities surveyed
4 – Star Hotels: Only 1 city had less than 10% of hotels in Parity out of 9 cities surveyed
5 – Star Hotels: No city had less than 10% of hotels in Parity out of a total of 9 cities surveyed
The new terrains to improve revenue management and pricing are limited only by human resourcefulness, experience, and wisdom. AI standalone is not a ticket to more revenue. Hence, we need to plan a correct mix of human and artificial brains. Both have to work as a team to make it work
Hotel distribution is an intricate and painstaking process exposed to a myriad of market forces. We can decode some of the governing forces and develop strategies around them to utilize them to our benefit using real-time search monitoring and data analytics to address these challenges.
The hotel industry is extremely competitive and several different hotels will often be competing for the same potential customers. As a result, it is crucial that hotels use a variety of marketing strategies to make themselves visible and to promote their hotel as the best available choice. Read seven fundamental hotel marketing strategies here.
While designing a guest loyalty program that works best for your hotel, there are some broad, guiding principles, which if adhered to, would ensure maximum results besides a significant improvement in the hotel’s repeat business.