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 […]

What is an algorithm, anyway?


Software has the ability to make astonishingly accurate predictions on matters both personal and global. For example, Spotify and other music streaming software suggest artists that you’ll like based on music you already enjoy. OkCupid pairs online daters with potential matches via algorithms designed to predict romantic spark. Banks around the globe make stock market trades […]

Tips: Property Photos to Sell Rooms

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The Internet’s a highly visual place filled with cat memes, 360 degree images of high-tech running shoes, and Facebook photos from last Saturday’s karaoke outing. Each time a person goes online, she or he consumes countless images. These images help tell stories—and sell products—online. Accommodation providers should take full advantage of this principle. Online distribution […]

Using Big Data to Price Local Events


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 […]

RateManager Makes tnooz


BookingSuite is in the (t)nooz again. The popular travel publication recently reported on the emergence of RateManager, BookingSuite’s new revenue management tool. Here’s a snippet of what tnooz had to say about RateManager: Ordinarily, a product update doesn’t merit a spotlight on its own. But a few things set apart the news that, the e-commerce […]

Six Ways to Get Ready for Peak Season


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 […]

BookingSuite’s ITB Berlin Preview

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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 […]

Revenue Management FAQs


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 […]