Beyond Pricing: Maximise Hotel Revenue with AI
Discover how AI transforms revenue management beyond pricing, segment analysis and channel mix. Boost profitability with BEONx. Read more here!
Category
Revenue Management
134 results
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Revenue in vacation hotels: The power of RMS Integration with Tour Operator Management
Maximize hotel revenue and balance occupancy by integrating a tour operator module into your RMS, optimizing pricing and strategic decisions.
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Key Revenue Management Trends for Hotel Success
Discover four key trends and expert tips to optimize hotel revenue strategies in 2024, leveraging AI, sustainability, personalization, and market data integration.
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Personalized Revenue Strategies with BEONx
Discover how BEONx optimizes hotel management with personalized revenue strategies, ensuring sustainable profitability and guest satisfaction.
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Connecting Silos: Seamless hotel integrations
Optimize hotel management with BEONx: seamless integrations to enhance efficiency, decision-making, and maximize revenue.
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Leveraging AI for dynamic revenue optimization
Maximize hotel profitability with AI-powered dynamic revenue optimization, transforming data into actionable insights for real-time pricing decisions.
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Optimizing Revenue Management: Data and Systems Integration
Explore 'The Raiders of the Lost Data,' where BEONx unveils its Connectivity Platform to tackle data dispersion in Revenue Management, promising a revolution in data integration and decision-making.
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Revolutionizing hotel Revenue Management: A comprehensive pricing strategy unveiled
Explore our latest discoveries on revolutionizing hotel revenue management. Discover the comprehensive strategies for customer-centric and fair pricing in the hotel industry.
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Hotel Revenue Management Software
Improve operational efficiency, maximise revenue and boost your hotel's profitability with BEONx's revenue management software.
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Unlocking the Power of Segmentation with Your RMS: A Comprehensive Guide
Selecting the Right RMS: A Critical Step for Effective Segmentation
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Educational Innovation in Revenue Management: Key to Hotel Competitiveness
The Road to Comprehensive Training in Revenue Management
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The Ultimate Guide to Dynamic Pricing Strategies
Elevate Your Hotel’s Revenue and Occupancy Rates through Cutting-Edge Dynamic Pricing Techniques
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Maximize Hotel Revenue with BEONx’s Customer Segmentation Analysis
Putting Data to Work: How to Maximize Hotel Revenue
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The Role of Customer Segmentation in Revenue Management
Discover how customer segmentation can enhance the guest experience and boost revenue for hotels.
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Best Practices for Hotel Inventory Management
Strategies for managing room inventory and maximizing revenue
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RevPAR for Hotels – Explained
How is RevPAR calculated for hotels? There are two ways to calculate RevPAR: Divide your total room revenue by the number of rooms: Total room revenue / Total rooms available For e
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Using Data Analytics to Improve Revenue Management
How data analytics can help revenue managers identify patterns and opportunities for optimization
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The Importance of Forecasting Accuracy in Revenue Management
Learn Why Accurate Forecasting Is Critical for Revenue Management Success
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Optimising revenue: The essential role of the RMS in resort hotels
Learn how an RMS maximises revenue and increases adaptability in resort hotels.
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Is sustainability the new online reputation for hotels?
Today, concern for the environment and sustainability have become key issues in the hospitality industry. Sustainable hotels have emerged as a conscious and responsible response to
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Maximising Hotel Profitability by Measuring Willingness to Pay
As a hotelier, it’s vital that you understand the concept of willingness to pay as it helps you identify the value that guests place on your rooms and services. You can then use th
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The Importance of a Strong Online Reputation for Hotels: Setting and Achieving Goals
Maintaining a strong online reputation is crucial in the hospitality industry. It helps you secure your market positioning and reassures potential customers that you are offering v
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How Smart Data Is Revolutionising the Hotel Industry
Advances in AI technology and smart data are helping hotels better understand and serve their customers.
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Eco hotel: Balancing sustainability and profitability with the right approach
How can you be both sustainable and profitable without negatively impacting the guest experience?
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How to Integrate Upsell Software Into Your Hotel’s Revenue Management Strategy
Make sure you invest in the right solution for your hotel.
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OTAs: The pros and cons of working with them
Promoting your hotel through an OTA can be a great way to build your hotel’s brand presence and reputation, but it comes with some downsides.
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What is revenue management automation and why is it important?
Revenue management automation is revolutionising the way hotels manage their data. Find out what is it and why is it so important
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5 essential hotel software tools you need for effective revenue management
Here are 5 essential hotel software tools that you need in order to build an effective revenue management tech stack.
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Cloud-based hotel management software: Definition and how it works
Let’s take a look at some of the advantages of using cloud-based hotel management software to help you decide.
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3 reasons why sustainable hotels are the future of the hospitality industry
Growing numbers of guests are favouring sustainable hotels. Let’s explore why they are the future of the hospitality industry.
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Top 3 tips for boosting your hotel’s total revenue management strategy
The ultimate aim of every hotel is to make a profit by following a data-driven total revenue management strategy.
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What is rate parity and why do you need it in your hotel pricing strategy?
Let’s explore what rate parity is and what you need to take into account when you design your pricing strategy.
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Machine learning and its importance in hotel revenue management
Today’s post is going to explain what machine learning is and why this technology is so valuable for effective hotel revenue management.
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Yield Management: how it can help you optimise your revenue
Let’s take a look at what yield management is and how it can help you optimise your revenue streams in your hotel.
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Total Revenue: definition, how to calculate it, and examples
We are going to explain what the total revenue definition is, and how you can calculate total revenue in your hotel.
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Top 5 hospitality software tools that you need in your hotel in 2023
Here are 5 hospitality software tools that you need in your hotel in 2023 to o deal with a great deal of tangible and intangible data.
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Annual budget: how to prepare it, and how it’s different from forecasting
We are going to explain what an annual budget is, and how it differs from your financial forecastand and how create an annual budget.
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Hotel tech: how to make sense of the tool jumble
Digital transformation is on the rise, and hoteliers need to revisit which tools are the most appropriate to achieve their goals.
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3 tips for attracting maximum market demand
Review your revenue management strategy and adapt to the market to attract the most profitable segments to your property.
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Key factors to calculate demand forecasting
Know the key factors to calculate an accurate demand forecasting for your property, in challenging times for the hospitality industry
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How to get your rate structure to the next level: Agile Pricing
Move to the next level in your pricing management thanks to technological tools that provide flexibility and allow mixed models.
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The perfect conditions to implement an RMS and improve your business results
Prepare your business for a Revenue Management system and improve your performace
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How to Boost Guest Loyalty and Profitability Through Pricing
Revenue Management technology is getting more sophisticated with every year. After finding its way from the airline industry into the world of hotels, hoteliers have continuously i
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Can Forecasting Be Done When Historical Data Becomes Irrelevant?
At Revenue Management, we can predict demand through forecasting, which will simplify the task of making strategic decisions to optimise inventory and pricing, with the aim of maxi
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Revenue for the future V: Reviewing protocols and roles
In recent weeks we have seen how destinations are progressing in the process of returning to normal after the great lockdown.
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Revenue for the future IV – Segmentation
Robert G. Cross defines Revenue Management as the art and science of predicting demand in real time at micro market level, and according to this prediction, optimize the price and
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Revenue for the future III: Analysis of the market
In recent weeks we have attended numerous debates on how and when the crisis will end, while each government tries to implement the appropriate measures to overcome these circumsta
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Revenue for the future II: Pricing management
In the last two decades, we have witnessed a spectacular development in the field of pricing and revenue management globally.
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Revenue for the future I: Inventory management and distribution
We are all aware of the health and economic crisis that we are experiencing around the world, and we have already assimilated that the tourism industry has been forced to stop its
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Some recommendations and data in times of crisis
At BEONx we want to help as much as possible in this difficult situation caused by COVID-19. Here are a series of recommendations and a bit of data to cope with the crisis.
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8 Mistakes to Avoid in Your Revenue Management Strategy
Una forma inteligente de evitar caer en posibles errores, que acumulados pueden ser catastróficos para nuestro alojamiento.
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Top Challenges Faced When Implementing RMS Technology
There are a number of challenges hoteliers encounter when implementing RMS technology.
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Key Factors for Designing the Perfect Forecast
Todo lo que tienes que saber sobre el forecast. Datos pasados, presentes y futuros
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“The Method” and How to Improve Your Hotel’s Pricing Strategy
Factors for building your pricing strategy and an organized system of advantages and opportunities.
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Reinforce Your Distribution by Betting on Metasearch
Metasearch engines are influencing the way travelers consume. For this reason, factors must be considered to harness their full potential.
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5 Ways to Improve Your Demand Forecast
Hoteliers will need to work on forecasting their daily demand by market segment.
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Marketing Strategies to Boost Your Revenue Management Plan
Obtaining as much information as possible from hotels, as well as an overview of market data, will lead to highly successful decisions.
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10 Conclusions from the VIII Conference
10 highlights from the VIII Conference "The Future of Revenue Management: Challenges and Opportunities"
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What Should Your Website Include to Improve Bookings?
Factors to consider if you want to boost direct bookings. It is not an easy task, but your hotel can obtain great results.
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Segmentation vs Personalization in Tourism Distribution
One of the greatest challenges faced by large hotel chains: to choose between segmentation or personalization.
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5 Principles to Improve Your Hotel’s Conversion Rate
5 principles that will help influence traveler decision making and drive bookings.
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The Search Funnel in Your Distribution Strategy
The travel search funnel and the role consumers play within that funnel.
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What Can a Revenue Manager Learn from Facebook Ads?
Here's what you should consider if you plan to use Facebook, one of the most widely used social media platforms, for advertising.
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Improve Your Revenue Management to Boost Hotel Performance
Factors to consider to improve your hotel's Revenue Management actions.
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5 Must-Have Trends to Improve Your Marketing Strategy
Keeping up with industry trends makes your hotel more competitive. By analyzing your clients, you know what they need and can target with the right messages.
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Video as a Distribution Tool for Your Hotel
Video Marketing is a great strategy to connect with your target customer and improve hotel revenue.
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Why Are Marketing Costs Still Rising?
Marketing costs have increased, but why? Let's take a closer look at the situation.
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Customer Centricity to Improve Your Value Proposition
Working under a customer-centric revenue management philosophy allows hotels to adapt their products to the market and helps strenthen their value proposal.
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Using OTAs to Maximize Your Hotel’s Distribution
Discover how to measure and optimize your marketing strategy to attract the right travelers with the right product at the right place and time.
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Hotel Marketing with Macro and Micro-Influencers
Macro and micro influencers are great marketing tools for hotels to directly communicate with potential guests.
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4 Formulas to Improve Your Hotel’s Pricing Strategy
Four tips for optimizing hotel availability and selling your rooms at the best price.
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Tips to Revamp Your Hotel’s Distribution in 2018
Here are 10 great ideas for improving your hotel's competitiveness and distribution.
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Tips on How to Boost Your Hotel’s Occupancy Rate
One of the virtues of a good Revenue Manager is knowing how to find the right level of hotel occupancy.
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Automate for a More Efficient Revenue Management
Process automation offered with RMS technology increases hotel profitability.
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Define Your Buyer Persona According to Profitability
By monitoring different types of travelers, connected to hotel demand, your hotel will be better able to understand consumer booking behavior.
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Define Your Hotel’s Strategy by Distribution Channels
Here's how you can use yield management by distribution channel to help you define your hotel's strategy.
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Boost Your Direct Booking Strategy With Google Analytics
Google Analytics is a highly valuable tool for improving your hotel's SEO strategy and optimizing it's online marketing strategy.
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Improve the Traveler Experience With Email Automation
Implement automated emailing to boost direct bookings, to provide extra value to travelers and improve your hotel's overall guest experience.
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Boost ADR in Your Revenue Strategy
Here are several tips for improving important metrics like ADR in your revenue management strategy.
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Adapt Your Hotel’s Message to Enhance Direct Bookings
Tips for making your direct booking system more effective.
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Tips to Increase Your Hotel’s Profitability
Top suggestions for increasing your hotel's occupancy rate and boosting hotel revenue.
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The Advantages of the Billboard Effect on Direct Bookings
What is the Billboard Effect and how can you convert OTA traffic into direct bookings?
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Boost Your Hotel’s Online Visibility
Analyzing search results is critical for increasing website traffic and developing the right content strategies.
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Stay Ahead with Marketing Automation and Revenue Management
Improve your hotel's revenue management planning and automate actions to make up for any difficulties and shortcomings between the two.
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Why Google My Business Is Important for My Hotel
A Google My Business profile is an important link to the relationship established between hotel, traveler and Google.
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The 5 Key Pillars You Need for a Solid Marketing Strategy
A global view of your competitors and improving product development are determining factors for gaining a competitive edge in the market.
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Turn Guest Experience into a Competitive Advantage
It's important to take steps to create a more sustainable, diversified and responsible tourism. Here are a few suggestions.
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5 Factors That Alter Demand Forecasts
5 things to watch out for when forecasting demand.
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The Convergence of Marketing and Revenue Management
Here are 4 ways your marketing and revenue management departments can work together and make the biggest impact.
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Track the Evolution of Your Hotel’s Revenue Management
For a complete vision of your hotel, it’s important to analyze your revenue management department. Here are 8 factors to consider.
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5 Reasons to Use SMS to Enhance Your Hotel Experience
Email marketing and SMS marketing campaigns aim to attract travelers, increase bookings and improve the hotel guest experience.
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5 Ways Your Hotel Can Compete with Intermediaries
Here are 5 formulas for designing your hotel's direct booking strategy.
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The Impact of Revenue Management on Hotel Performance
10 tips for revenue managers to optimize their Revenue Management strategy.
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4 Ways to Maximize Your Guests’ Lifetime Value
4 factors to consider to maximize your guests' lifetime value and drive direct bookings.
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Analyze Your Competitors to Improve Hotel Revenue
Here's what revenue managers can do to better understand their competitors and maximize hotel performance.
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Using Facebook to Improve Your Revenue Management Strategy
Get the most out of Facebook, one of the most important social media platforms. Learn how here.
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Tips for Defining the Right Pricing Strategy
Determine the best pricing strategy for your hotel type.
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Use These 5 Tips to Define Your Hotel’s Pricing Strategy
Questions to ask yourself if you want to design the right pricing strategy for your hotel.
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Automate Your Marketing to Improve Guest Interaction
Here are key factors to keep in mind when using hotel technology to learn about guest behaviour and automate marketing actions.
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10 Ways To Keep Up with Online Marketing Best Practices
10 ways that will help you keep up with latest maketing trends and strategies.
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Maximize Revenue with a Strong Revenue Management Strategy
Collaboration between departments such as marketing and revenue management can enable further data analysis.
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Revenue Management- A Competitive Differentiation
Due to the increasing number of booking portals and the growing competition between them, hotels are now mainly assessed by ranking and quality.
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Combining Price Offer with a Good Online Reputation
Let's analyze the Hotel Revenue Management strategy.
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5 Tips For Using Guest Feedback in Revenue Management
Discover how to use customer feedback to strengthen your Revenue Management strategy.
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Enhance Hotel Profitability with Revenue Management
Here are top reasons why RMS are key to hotel management.
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5 Reasons to Include Metasearch in Your Distribution
Here's the breakdown of why metasearch engines are key to your hotel's distribution strategy.
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10 Metrics for Improving Your Revenue Management Strategy
10 metrics that will surely help your establishment improve your Revenue Management strategy.
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BEONx Revolutionizes the Mexican Market
BEONx's proposal to transform the hotel industry in Mexico with Big Data technology and machine learning techniques.
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RMS Aims to Build the Perfect Pricing Strategy for Hotels
We've compiled a list of advantages offered by RMS.
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Adapting Your Product Strategy to Millennials
Consider these 10 factors when distributing your hotel's offer to reach millennials and maintain a competitive advantage.
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Objective: Maximize Profitability with Revenue Management
3 paradigm shifts in which Revenue Management will have to "pivot" to adapt to the changing times.
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Personalization as a Competitive Advantage
Personalization has become the norm because it's no longer just about selling a room, but creating experiences that travelers will never forget.
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Why Has Revenue Management Become Essential to Hotels
When the Revenue Department is accountable for important parameters, it is given the weight it deserves.
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Make the Most of Your Hotel Services to Maximize Revenue
All the facts about the BEONx BQI.
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Evaluate Your Booking Channels to Improve Distribution
The best tips on how to manage your booking channels to get great results.
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The Benefits of Working with an RMS in Your Hotel
RMS tools are a solution for optimizing pricing and availability strategies for hotel chains.
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The 7 Foundations of Revenue Management for Your Property
Revenue management requires keeping up-to-date with market conditions.
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10 Tips for Improving Your Hotel’s Google Rankings
Organic positioning will become one of the pillars of the online strategy. Here are some tips for improving your hotel's competitive positioning.
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What Can Pinterest Contribute to My Marketing Strategy?
Let's analyze the social platform, Pinterest, and ways you can boost brand image and web traffic.
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Instant Messaging as a Marketing Tool for Your Hotel
Here are ways instant messaging can contribute to your hotel marketing strategy and your establishment's relationship with clients.
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Cornell University on the Future of Revenue Management
Let's analyze the scientific report recently published by Cornell University.
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10 Key Actions for Boosting Hotel Sales
The keys for defining strategies and tactics that increase your hotel's bottom line.
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Useful Parameters for Identifying Your Hotel’s Comp Set
Knowing your competitors is important for developing marketing strategies. Here are the factors to consider when identifying your Competitive Set.
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5 Tips for Optimizing Revenue Management Meetings
Communication between hotel departments is essential for efficient work. Here's what to consider in Revenue Management meetings.
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Why Is Online Reputation Key in Revenue Management?
These are some of the key factors in online reputation management for analyzing and understanding the relationship between supply and demand.
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5 Tips for Managing a 360º Revenue Management Strategy
The 5 pillars on which to base a 360º Revenue Management strategy and target the right travelers.
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Tips to Improve Your Hotel Occupancy from Monday to Friday
One of the challenges for Revenue Managers is to be able to fill their hotel daily. For this, it is convenient to generate value for the clients.
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Geolocation as a Tool for Capturing Market Segments
Geolocation is a determining factor for attracting potential customers. Here we explain how to take advantage of this factor.
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5 Google Analytics Metrics for Improving Guest Knowledge
Get the most out of Google Analytics and understand your customers better with these 5 metrics.
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Ways to Provide Value in All 8 Stages of Travel
We analyze the eight stages of traveling and the ways you can influence each phase.
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Uses of Big Data to Improve Your Pricing Strategy
Data translated into useful information can redirect your hotel's strategy and optimize sales generated.
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Using Micro-Moments in Your Hotel’s Distribution Strategy
Factors to consider for creating an optimal mobile strategy for your hotel and integrate the concept of micro-moments.
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Questions to Ask When Planning Your Pricing Strategy
We propsose a series of questions to ask yourself when planning your hotel's pricing strategy.
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5 Ways for Increasing Millennial Traveler Direct Bookings
5 things to evaluate about your business brand online to reach Millennials and increase direct bookings.