The Active Rate Shopping Advantage

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Rate shopping is a fundamental part of any revenue management strategy. Revenue managers track the competition’s pricing in meticulous detail—a daunting task. The complexity of the competitive landscape often turns rate shopping into a reactive pursuit, a mad scramble across direct channels, OTAs, and other outlets to retrieve quick, yet accurate information. It doesn’t have […]


Using Big Data to Price Local Events

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Properties set pricing for annual local events such as summer festivals or holidays. For example, a rush of tourists in town for the annual Christmas Market causes a property’s occupancy rates to increase by 15%. In order to capitalize on this anticipated demand spike, the property can adjust room rates using the previous years’ occupancy […]


Six Ways to Get Ready for Peak Season

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Ski lodges in Innsbruck know it. Vineyards in Chile know it. B&Bs in New Orleans know it. All types of businesses experience peaks and valleys to their sales. While multiple variables contribute to the fluctuation, seasonality is perhaps the most common cause of boom—or bust—to business. People working in the lodging industry know seasonality better […]


Revenue Management FAQs

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BookingSuite loves answering questions. After all, it’s our job to make complicated things simple. In this installment of our FAQ series, we dive into the topic of revenue management. Q: What is revenue management? A: Businesses are meant to make money. However, revenue doesn’t grow by accident. In the lodging industry, revenue management is the strategic […]


Ten Things You Might Not Know About the Millennial Traveler

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By now, you probably know that the Millennial generation has arrived on the global travel scene in a big way. They’re on the road for business and for leisure, and they’re eager for new and unique experiences. Even so, Millennials can be hard for accommodation providers to pin down. They’re tech-savvy and confident about researching […]