SPA Pricing Education, Analytics & Decision Making Tools Webinar Series

Tag: Hotel Pricing

Enhancing The Guest Experience Through Technology | BW Hotelier

Enhancing The Guest Experience Through Technology | BW Hotelier

Sidharth Gupta, Co- founder of Treebo, believes in enhancing supply creation, quality assurance and customer experience. He is a graduate in Mechanical Engineering from IIT Roorkee and holds an MBA degree from IIM Bangalore. Working with Mc Kinsey and then with Myntra and Flipkart, Gupta with his passion decided to do something on his own. […]

Elegant Hotels Group reviews pricing strategy after fall in pound | The Times

Elegant Hotels Group reviews pricing strategy after fall in pound | The Times

Elegant Hotels Group, the Caribbean hotel operator, said it had reviewed its pricing strategy in response to the slump in the value of the pound. It said that rates had been discounted on “a targeted and tactical basis” at some of its hotels in an attempt to drive up room occupancy, although prices at The […]

Pricing does not equal revenue management for hotels | eHotelier

Pricing does not equal revenue management for hotels | eHotelier

When dynamic pricing was first introduced to revenue management the idea of managing transient pricing for hotels on a day to day basis was considered quite new – even radical. Even as recently as a few years ago, many hotels continued to sell at predefined rate levels, and did not manage rates dynamically. Today, however, dynamic […]

Weekend Project: Real World AirBnB Data Science and Pricing Bot | Berlin Buzzwords

Weekend Project: Real World AirBnB Data Science and Pricing Bot | Berlin Buzzwords

This tutorial is motivated by the speaker’s own experience–he has a spare apartment and a guest apartment in the Logan Square neighborhood of Chicago that he began renting on Airbnb.  Trapped indoors throughout the savage Chicago winter, he spent his time building a bot that seeks to optimize the listing price and apartment description for […]

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 […]