Tips & Best Practices for Hospitality & Travel Professionals | RateGain Blog

Last week in Part I of the Effective Ways to Measure & Generate Demand, we discussed the first 2 steps to creating an efficient, effective and long-term demand generation strategy which were; Understanding your product, customer(s), and value proposition Creating the correct pricing to attract your target customers In part II of this series, we will discuss demand generation within the OTA market segment and how you can position your hotel to become a market le...

Over the last 2 weeks of the blog series Effective Ways to Measure & Generate Demand, we discussed the first steps in creating an efficient, effective and long-term demand generation strategy as well as demand generation within the OTA segment. In part III of this series, we will discuss demand generation within the Online discount Segment; Flash Sales/Private Sales. One great way to generate more demand and gain occupancy, especially during the low season is throug...

Measuring and generating demand is always a question that prospective clients ask as it's certainly a challenge many hoteliers face. In order to be successful, hotels must set up an efficient, effective and long-term demand generation strategy. In this blog series, we will take you through those steps from the most obvious to the less obvious. The first step in understanding demand generation is to fully understand your product, customer(s) and value proposition. Take for ...

This post by our revenue expert, Kamesh Shukla,  originally appeared on LinkedIn pulse.  Hospitality and airline industries are considered to be the epitome of best practices in pricing and revenue management. In the battle to gain competitive advantage alongside high yields, sophisticated software suites are deployed by them to forecast demand, manage inventory and monitor competitor prices. Yet technology, no matter how refined, is just an enabler of a broader business s...

One of the toughest challenges revenue managers face is determining the demand in their areas and the right tools that can help them assess the market scene appropriately. But it doesn’t have to be that way anymore. There are many revenue managers who’ve been able to accurately measure the demand and also boost their ADR and revenue with our rate optimization tool – RevGain. If you've ever wanted to get inside the head of a revenue manager, now's your chance. Our RateG...

Over the last few months, you probably noticed we’ve announced what is just the beginning of an exciting lineup of new international partners. While we always are pleased to add new customers, we are especially proud of these partnerships because they underscore the aggressive efforts we are making here at DHISCO to expand our global reach – and that of our customers. I was in Brazil earlier this month for the World Travel Market Latin America event. This week we head t...

Recently, we got an opportunity to speak with the revenue analyst at The Manila Hotel, Philippines, Louie Reyes. We asked him a few questions about using our product suite that we thought would be of help to other hotel revenue management professionals. Here's what Louie had to say ... RateGain Editor: Please tell us about any challenge(s) faced by you before you implemented RateGain as a solution? Louie Reyes: One of the challenges faced by our hotel before RateGain was ...

Perishability and limited inventory are the two most important aspects of hotel business, and thus, pricing of a room becomes one of the most important KPIs for a Revenue Manager (RM). Developing effective pricing strategies remains a complex issue. Increasingly, hotels are turning to specialist revenue managers to maximize revenue and profits. With the ever increasing dynamics that impact hotels and their business, hotel RMs are looking to adopt technology and tools which ca...