7 Quick Tips for your Hotel Pre-Opening in 2017

Image Credit: Bigstock Are you opening a hotel soon? This New Year, adopt the correct prioritization approach in your hotel pre-opening roadmap. Entering into the market with a brand new hotel comes with its own set of challenges and opportunities. After all, hotel business development and planning can be highly demanding, especially during the pre-opening…

Parity Performance April 2016. Where does your city stand? – Middle East

The degree of rate parity observed for Middle East hotels between their brand websites and the OTAs show variation by location in the April 2016 report. Muscat, Riyadh and Abu Dhabi maintained 100% parity in the 3-star hotel category, while Cairo and Sharjah emerged as clear parity practicing cities in the 4-star and 5-star categories,…

How to Choose the Right Rate Optimisation Tool for Your Hotel?

  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…

18 Factors to Consider before Investing in Channel Manager for Your Hotel

Managing all room & rate combinations across multiple platforms is a task that generally falls in the lap of a Revenue Manager (RM). When a hotel has its RM updating room-rate combination on its distribution platform manually then they are wasting the time, which RM should have spent in strategizing. Most hotels today realize that and…

21 Points to Consider while Buying a Rate Shopping Tool for Your Hotel

Perishability and limited inventory are two most important aspects of hotel business & thus pricing of a room becomes one of the most important KPIs for a Revenue Manager. Thus, hotels cannot be living in silo and not monitor what their competitors are pricing and offering their prospective guests. It’s no secret that hotels offer…

How to make 35% more revenue? Tap the power of Scientific Pricing

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…

Want to Maximize Your Hotel Revenue? Get Your Room Forecast Accurate ASAP

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…

Want to Fast Track Your Revenue Growth? Meet us at Hotel Revenue Summit, Kuala Lumpur

RateGain hosts Hotel Revenue Summits at different locations across the world. Revenue experts, hotel operators and revenue managers get together for a few social hours laden with revenue talks. People attend our revenue summits to learn new revenue and pricing strategies, share their insights and results, talk out challenges and become stronger and more effective…