SPA Pricing Education, Analytics & Decision Making Tools Webinar Series

Tag: Hotel Pricing

VAT may impact price strategy at GCC hotels: report | GulfNews.com

VAT may impact price strategy at GCC hotels: report | GulfNews.com

Hotel operators in the Gulf region may need to modify their room rates and their overall fee strategy starting next year to continue to appeal to consumers following the introduction of Value-Added Tax (VAT). VAT, which will be imposed at a 5 per cent rate starting 2018 across the GCC (Gulf Cooperation Council), has the […]

Why the Airbnb Calculator Sets Prices of Airbnb Listings Too Low | Get Paid For Your Pad

Why the Airbnb Calculator Sets Prices of Airbnb Listings Too Low | Get Paid For Your Pad

Airbnb released a new tool to help their hosts improve their listings: the Airbnb calculator. Pricing is by far the most complicated aspect of Airbnb hosting. How do you know what the optimal price is? Ideally, you want to set prices high when demand is high (in the high season, during special events for example) […]

Honing its dynamic pricing formula, Vacasa wants to make homeowners more cash than Airbnb | TechCrunch

Honing its dynamic pricing formula, Vacasa wants to make homeowners more cash than Airbnb | TechCrunch

Vacasa takes a lot of pride in its pricing algorithm, which it touts as far more dynamic than the pricing schemes used by other vacation rental sites. Initially developed in 2010 by Vacasa chief analytics officer Scott Breon, the company’s revamped Yield Management 2.0 system aims to make homeowners more than comparable systems, leveraging machine […]

High time for hotels to integrate revenue management with customer relations | South China Morning Post

High time for hotels to integrate revenue management with customer relations | South China Morning Post

On the contrary, if these loyal customers are quoted a higher rate or denied the room they requested due to high demand through the revenue management system, they might feel upset and turn to a competitor for their intended hotel stay. It is necessary to note that this is rather a long term strategy than […]

How to Get A 65% Cruise Price Reduction | Yahoo! Finance

How to Get A 65% Cruise Price Reduction | Yahoo! Finance

HANNOVER, Germany, Jan. 25, 2017 /PRNewswire/ — Have you ever dreamed of boarding a ship bound for the perfect destination? Now imagine how you would feel about that same trip after finding a cruise price reduction of 65%. It isn’t just a dream anymore. Thanks to the innovative team at Cruisewatch.com, you can find a […]

Make sure you’re pricing your hotel rooms properly | Hotelogix

Make sure you’re pricing your hotel rooms properly | Hotelogix

Deciding on hotel rates is one of the toughest decisions for hoteliers and it requires a lot of planning, researching, doing their homework and re-evaluations. There are numerous key factors and influences that come into play when deciding on hotel rates, because not only do you want to fix them but you also want the […]

How Should Your Hotel Website Display Pricing? | Net Affinity Blog

How Should Your Hotel Website Display Pricing? | Net Affinity Blog

We found that on desktop, hotels using total stay pricing from start to finish beat the lowest converting method of per person pricing by 74%. Hotels using any total pricing method convert at a 20% higher conversion rate than those using a per person pricing method. So, use a total pricing method rather than a per person one, and see how […]

Research: Hotels hold pricing power amid Airbnb growth | Revenue Hub

Research: Hotels hold pricing power amid Airbnb growth | Revenue Hub

New research from STR shows hotels in 13 markets across the globe have largely maintained compression nights and rate growth even as Airbnb supply has jumped significantly. Airbnb is already one of the largest players in the world of lodgings, and the company has enjoyed a period of exponential growth, but the hotel industry has […]

Where The Streets Have No Shame. | Hotel Industry Magazine

Where The Streets Have No Shame. | Hotel Industry Magazine

So imagine you had an event on in your hotel, say a Valentine’s Residential Programme including dinner, bed, breakfast, champagne on arrival, etc. And say you advertised that the programme would be available to book from say 1st February at 9am. What’s more you’ve no specific package rate to price position it for your customers, […]

“The Future of Hotel Revenue Management” by Sheryl E. Kimes | Cornell Center for Hospitality

“The Future of Hotel Revenue Management” by Sheryl E. Kimes | Cornell Center for Hospitality

Abstract A survey of some 400 revenue management (RM) professionals finds that the application of hotel RM has gradually become more strategic and more centralized, but changes in RM practices have come more slowly than expected in the past six years. In particular, an earlier prediction that RM would be applied to all hotel revenue […]