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 […]
This year marks the 50th annual ITB Travel Industry Think Tank. From March 9th – 13th, thousands of participants from the travel industry will descend upon Berlin, Germany, to participate in one of the industry’s leading conventions. Here’s ITB 2016 by the numbers: 10,000+ exhibitors 23,000+ convention visitors 200 events/programs focusing on today’s top travel […]
Want to see how even a small increase in your property’s average occupancy can increase profits? Take a look at our revenue workbook for an easy-to-follow example.
Happy New Year from BookingSuite! What a journey we had in 2015. We saw plenty of exciting changes and growth, and our partners are a big reason for that. As we continue to evolve in 2016, we resolve to keep our focus on them, every day. We promise to: Save you time. You’re busy. Whether […]
Open Pricing. If you haven’t heard of this revenue strategy yet, you’re likely to in the year ahead. Open Pricing is changing the way that accommodation providers set rates. For properties from large to small, it has the potential to increase revenue and forever change revenue management practices. So, how does it work? Is it […]
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 […]
If you’re an accommodations provider, you’ve probably heard of the billboard effect. Here’s how it works. You list rooms with an online travel agency, or OTA, and your property receives extra visibility. It even sees an increase in direct bookings. In other words, the online travel agency is working like a giant, online billboard for […]
We have great news for your brand! More than ever, this exciting development highlights the importance of a well designed website that travelers can navigate quickly and easily. A recent survey reveals an unexpected trend—a majority of active U.S. leisure travelers prefer to book directly through a brand’s website. That’s right. 64% of respondents said […]