Changing rates can be hard - Or Easy!

 

One of the biggest profit impacts to a hotel comes from changing future rates to match Competitor rates and your own occupancy.  For this to work, you need to be able to adjust rates quickly, easily, and accurately.    

Most managers first reaction is to create an online...

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PODCAST: 14 ways to boost hotel revenue and profits

Lodging Leaders is a top rated podcast covering every aspect of the hotel industry.  Episode 163 featured our very own Rob Russell where he describes a checklist of 14 items that many boutique hotels are missing - and can add lots of revenue.  Some of these may sound controversial, but...

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What is Google HPA and how does it work?

Google has been working on hotel-specific ads since about 2010, but this ad product has evolved over the years and in 2018 has really exploded, growing 65%, according to Google.  The current version of this product and the audience size are relatively new.  By some estimates they may...

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What does Expedia - Marriott Deal mean for boutique hotels?

Expedia and Marriott announced a new agreement that could have implications for independent boutique hotels.  Specific details are confidential and likely to be complex, but some key points have been leaked into the public arena and are worth considering as part of your rate and distribution...

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Get better ROI from your OTA Promotions

Promotions are especially important on OTAs, where consumers are searching for hotels and looking for value.  Your hotel is one of many choices that consumers will scan in seconds, so the right promotion is about more than a lower price. After all, they have no idea what the price used to...

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"Value" drives bookings at every price point... Think about it like this!

Most travelers are searching for "value" on the internet - and the concept applies to every price point.  In 5 minutes you can learn to think more clearly about this fuzzy concept, so that it can be applied to your pricing strategy.

 

 

Next week we will show you exactly how this...

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3 Steps to Automating Rates and Reservations Process

You want to be able to adjust your rates frequently, but not spend hours implementing those changes.  With the right tools - and process - you can spend less time on implementation and get it done more accurately.  

Some boutique hotels spend huge amounts of time and stress to...

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11 Quick Minutes To Learn Hotel Software for Boutique Resorts

For many boutique hotels, technology is confusing and messy and almost a foreign language - and it's costing FAR more revenue than they realize.  Busy hotel owners and managers do not have time to become experts in all these different systems and it often sounds like a foreign language,...

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Rate Parity Strategy can improve a boutique hotel's revenue

Most hotels find the issue of rate parity to be a headache, but there are ways to maximize your revenue and minimize frustration with this issue.  Some hotels think that parity is a contractual or policy issue, while others refuse to be intimidated by OTAs and insist on pricing each channel...

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12 ways Yield Management is like Surfing - Plus one big difference

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If you run a small, independent, or boutique hotel, you may be too busy to analyze lots of data to do Yield Management, and you may even find it painful and boring.

You know it's important for your hotel, but maybe you have a hard time wrapping your...

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Weekly tips for driving more hotel revenue!

In just 5-10 minutes per week, this might be the best investment you make.