Tag: Hotel Room Pricing

Report: Hotel and Air Prices Expected to Rise in 2019 | Hotel Business

Report: Hotel and Air Prices Expected to Rise in 2019 | Hotel Business

ALEXANDRIA, VA—Travel prices are expected to rise sharply in 2019, with hotels going up 3.7%, and flights 2.6%, driven by a growing global economy and rising oil prices, according to the fifth annual Global Travel Forecast from the Global Business Travel Association (GBTA) and Carlson Wagonlit Travel (CWT) with the support of the Carlson Family […]

Revenue Management : From the Perspective of the Hotel Industry | Entrepreneur

Revenue Management : From the Perspective of the Hotel Industry | Entrepreneur

In the hotel and hospitality industry, it is believed that the ideal revenue management is to sell the right room to the right client at the right moment at the right price on the right distribution channel with the best commission efficiency. Before the internet came , room prices and forecasts were done through sheer […]

American Express Global Business Travel 2018 Forecast Indicates Moderate Price Increase Across Air, Hotel and Ground Transportation | hospitalitynet

American Express Global Business Travel 2018 Forecast Indicates Moderate Price Increase Across Air, Hotel and Ground Transportation | hospitalitynet

Air: While strong demand is expected to drive airfare increases across all regions, overcapacity on certain routes, aggressive expansion by low-cost carriers (LCCs), and low oil prices will keep them in check. Full-service carriers are increasingly unbundling fares and adding premium economy seating options to entice consumers to better compete with LCCs. Hotel: Hotel performance […]

Industry Associations Support Up-Skilling in Revenue Management | hospitalitynet

Industry Associations Support Up-Skilling in Revenue Management | hospitalitynet

Validated by numerous industry testimonials across Asia-Pacific, ARMA’s “THINK-CHANGE-GROW” on-line program (supported by ARMA trainers), is an interactive program that keeps the learner engaged and wanting more. The first module of the course will be offered complimentary to members of the AAoA and TIA, who will then be invited to complete remaining modules at a […]

Celebrity Cruises onboard with nonrefundable-deposit fares | Travel Weekly

Celebrity Cruises onboard with nonrefundable-deposit fares | Travel Weekly

“Some of our more loyal customers were not too in love with it in the beginning,” Bayley said of the nonrefundable idea. “But to be honest, in some cases the system was being gamed a lot by some of our customers who would take out multiple, multiple, multiple bookings, and then we would have a […]

Profit Optimization is Not Just a Buzz Phrase for Room Revenue | Hospitality Net

Profit Optimization is Not Just a Buzz Phrase for Room Revenue | Hospitality Net

To better maximize revenue opportunities from meetings and events spaces, savvy hoteliers have looked to try and fold revenue management strategies into sales and catering processes. However, despite the positive evidence to support an integrated approach to sales, catering, meetings and revenue management, there hasn’t been a strong call for technology beyond sales and catering […]

Dubai hotels should collaborate in establishing minimum price parametres | HotelierMiddleEast.com

Dubai hotels should collaborate in establishing minimum price parametres | HotelierMiddleEast.com

Hotels in Dubai should seriously collaborate in establishing minimum price parametres across the sector while adapting flexible pricing strategies to continue providing consumers with freedom of choice, a panel of hoteliers revealed during a discussion on “War Games – Fighting the Rate War” at the Hotelier Middle East Great GM Debate 2017. Moderating the panel […]

Improved strategic understanding needed for hotel pricing | HotelierMiddleEast.com

Improved strategic understanding needed for hotel pricing | HotelierMiddleEast.com

Allan highlighted the need for hotels and hotel companies to align with an improved strategic understanding of which markets and which segments to target. “The bigger issue is that hotels and hotel companies need to have a better understanding of what particular market segments to target. By not setting leisure rates or corporate rates correctly, […]

Captain Cook to set sail for Rottnest Island | Business News

Captain Cook to set sail for Rottnest Island | Business News

“Capacity has been an issue for the island – with more competition comes greater capacity, and with greater capacity and competition comes a downward pressure on pricing, which is also an issue. “Rottnest is an iconic tourism destination; the ‘selfie with a quokka’ is going mad at the moment and we can add to that.” […]

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 […]