Our Blogs

8 Easy Tips for Hotel Revenue Managers to Cope With Rate Parity Issue
December 27, 2017
Blog
While rate parity ensures that you have complete control of setting the bar for your room rates and ensure equal prices across all distribution channels, but it destroys your chances to compete freely in the market and also makes you lose a voluminous amount of potential revenue as massive commissions to the OTAs. The hospitality industry has mixed reaction against rate parity with OTAs and Hotels having a different take on it. Countries including the USA, France, Italy, a...
Read More 1 like
Your Hotel Reputation Matters to Your Revenue
December 11, 2017
Blog
Earlier in hospitality domain, the pricing structures and decisions were majorly based on factors like supply and demand, local events, corporate/negotiated rates, event/group bookings, majorly because of the absence of hospitality technology tools. With the advent of hotel price intelligence tools, competitor rates became an important factor in pricing. However, in the current scenario, the focus is shifting to guest reviews and ratings. Now, the price that you can charge fo...
Read More 0 likes
Hoteliers, Take a Re-look at Parity and Prevent Revenue Leakages
November 23, 2017
Blog
You may be the smartest revenue managers with the expertise in revenue management and pricing strategies. You may have a sizeable stock of inventory to play with and you may have access to an umpteen number of online channels to reach your consumer. Nevertheless, certainly, this is not enough to ensure high RevPAR and ADR. Despite having all checks and systems in place your hotel’s bottom line can suffer because of revenue leakages, which usually go unnoticed. Hence, we ne...
Read More 0 likes
Assessing the boom in travel startups
November 21, 2017
Blog
With all the disruption we’re seeing in travel these days, it wasn’t surprising to read that Phocuswright research shows we are in an unprecedented period of opportunity for travel startups. According to their report, “The State of Travel Startups 2017,” a flood of travel-focused investors, incubators and other entrepreneurial support programs have given $62 billion to 1,497 travel startups since 2005. While a lot of that has been poured into mobile and the sharing econ...
Read More 0 likes
Travel Industry is Already Using Geo-based Competitive Price Tracking; Act Now Before Its Too Late
November 3, 2017
Blog
Location Based Price Tracking; a Key Feature to Look Out For in a Rate Intelligence Tool With advances in travel technology tools and travellers being more aware, the hotel industry has grown to become a highly competitive domain to cater to the needs of this new generation of travellers. This has led to extreme volatility too in its operations. In such a scenario, a key challenge faced by the hotels is how to sell their entire inventory and at the best possible price at all...
Read More 0 likes
We Bet You Will Not Want to Miss The Benefits of a Comprehensive Hotel Price Intelligence Solution!
October 25, 2017
Blog
Pricing has always been an important aspect of any business as it plays a quintessential role in the effective running of all industries worldwide. Hotel price management, i.e., how the goods and services of any business are priced and tagged in the extremely competitive market scenario goes a long way in determining the firm’s profitability in the long run. The hotel industry is a perfect example of the application of dynamic pricing in diverse market situations to ensure...
Read More 0 likes
Sharing economy blurring the lines in hospitality
October 23, 2017
Blog
For the last few years, hospitality has been all abuzz about threats from the sharing economy. But recent headlines indicate that the long-term disruption from companies like Airbnb may be more about a blurring of lines in hospitality as hotel companies move to offer more vacation rentals and Airbnb moves into a hybrid version of the hotel space. Last week, Airbnb made it clear it thinks there is value in traditional lodging options with the announcement it was building...
Read More 0 likes
Tracking Mobile App Rates of Your Competition is a MUST for Your Price Strategy!
October 11, 2017
Blog
Choose a Rate Shopping Tool that can help you to benefit from this practice. At a time when mobile phones had already made deep inroads into the lives of the people, the advent of mobile internet started creating revolutionary ripples worldwide. The hospitality industry is also experiencing this change, gradually adjusting to it and now reaping benefits from it. As the traveller in large numbers took to these tiny devices for booking their travel, hotels worldwide respo...
Read More 0 likes