The perfect conditions to implement an RMS and improve your business results
For a while now, Revenue Management has become the core of the hospitality business. It is not just a bunch of techniques to improve your pricing, but a proper science. And as such, it needs methodology, knowledge and procedures.
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 improved their pricing strategies, from weekend or seasonal rates via BAR levels to completely open rates.
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 maximising revenue and therefore GOPPAR (gross operating profit per available room).
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.
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 availability of the products.
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 circumstances in the best possible way.
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.
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 activity either by government mandate, or by the lack of demand.
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.
8 Mistakes to Avoid in Your Revenue Management Strategy
Often there’s a fine line between success and failure in a marketing action and pricing strategy.
Top Challenges Faced When Implementing RMS Technology
There are a number of challenges hoteliers encounter when implementing RMS technology.
Key Factors for Designing the Perfect Forecast
The perfect forecast is the result of information synthesized by technology. This way the profitability associated with tourism product quality can be improved.
“The Method” and How to Improve Your Hotel’s Pricing Strategy
While you have surely given considerable thought to improving your pricing strategy, it is likely that, for many years, the term revenue management was not part of your vocabulary.
Reinforce Your Distribution by Betting on Metasearch
Trends in travel consumption evolve in terms of both the content and operation of the booking.
5 Ways to Improve Your Demand Forecast
As hotel rooms are perishable goods, with a shelf life of one day, it is important for hoteliers to maximize their value proposal.
Marketing Strategies to Boost Your Revenue Management Plan
Any hotel that experiences a travelers day-to-day knows that it’s important to have the right focus in revenue management, and to be backed by technology and marketing.
10 Conclusions from the VIII Conference
Can you imagine what would happen if you were to sit in the same room with some of the very best revenue professionals in our country and participate in an event open to the public with great attendance?
What Should Your Website Include to Improve Bookings?
There are many hotels that depend on OTAs to generate bookings and, in order to survive, are simultaneously forced to over-commission a large part of their offer, even if they lose its control.
Segmentation vs Personalization in Tourism Distribution
The big players in the tourism industry have a key tool with Big Data for optimizing both their product and its distribution.
5 Principles to Improve Your Hotel’s Conversion Rate
Understanding the reasons behind the decisions travelers make is a real obsession for hotels.
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Exp.: 08/22/SA/0012 . Línea 2022 Expansión internacional de Pymes.
Expansión internacional de las PYMES de la Comunidad de Castilla y León
Objetivo: “Conseguir un tejido empresarial más competitivo”
Actuación subvencionada: Participación en la feria FITUR (Madrid, Enero 2023)
Exp.: 03/18/SA/0022 Línea: Fomento de la innovación en Pymes
Proyectos de innovación en en ámbito tecnológico de las Pymes
Descripción del proyecto: Diagnóstico de ciberseguridad y seguridad IT de la plataforma SAAS de Beonx
Exp.: 07/18/SA/0015. Línea: Desarrollo de la Industria TIC
Proyectos de desarrollo de las TIC en Pymes
Descripción del proyecto: Smart Hotel Distribution for General Purpose: Nueva solución de Revenue Management System
para la optimización de la distribución en la venta de habitaciones de hotel.
