Why Hoteliers Should Know the Living Costs Around the World [Infographic]

Posted by Ardalan Zandian on July 31, 2015 at 7:30 AM

Have you ever had one of those guests that use the same service you offer to anyone else, but it simply won't make them happy? You offer this amazing breakfast buffet with $30 pricing and everyone is happy and satisfied except those guests? Have you ever wondered why? Most of the times, the satisfaction comes from the expectations measured by the price you put on your services. But how can you satisfy all your guests?

To begin with, you should know their lifestyle and the cost of living from where they come from! Because that $30 breakfast could be four times the price of a fancy breakfast for someone from India or it could be almost the same price for a breakfast to someone else coming from Switzerland.

Topics: Pricing

How It Works: Promo Codes

Posted by John Shortall on May 5, 2015 at 8:00 AM

Why It Is Important:

Share Secret Rates On Your Website For Special Customers

Group or promotion codes are a great way to publish secret rates to your website booking engine that only specific groups of people can see. The group can either be an organized set of people traveling together such as a business team, wedding or church group. Or, the group could be people in an advertising campaign such as in a magazine or email list. The ability to offer a special and unique rate via your website booking engine to a specific group affords you the ability to allow online, instant bookings while hiding those prices from the general public.

Topics: How It Works, Revenue Management, Pricing

How It Works: Hotel Rate Grid

Posted by John Shortall on March 14, 2014 at 7:30 AM

The-Hotel-Rate-Grid

Why It Is Important:

Quickly Adjust Your Rates

Managing your prices based on demand is a key component to successful revenue management. The Hotel Rate Grid enables your ability to monitor pricing and make quick edits to maximize your nightly revenue: you have instant access and control over your nightly prices on a night by night basis. After your key seasons and compression periods, such as holidays, are set-up for each rate class, you can edit individual nightly prices as situations change.

Topics: How It Works, Revenue Management, Hotel Management, Pricing

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