How Rate Shopping Propels Revenue Strategy

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Your relationship to local competition is as unique as your property itself. Some revenue and property managers work closely with other accommodations in the area to keep tabs on availability, occupancy, and pricing. This cooperation usually involves tight business relationships and a good amount of trust. More often, however, revenue managers need to perform diligent […]


Do You Have the Correct Pricing Strategy in Place for Your Property?

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This week, Arthur Waller, Senior Product Owner at BookingSuite, contributes this guest post outlining his recommendations for forming an effective pricing strategy for your property.  No matter what, a hotel should be able to sell expensive or inexpensive rooms depending on the demand level. In order to price according to demand, you need a suitable pricing model for your property […]


RateManager Autopilot is Here!

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BookingSuite RateManager has always provided reliable rate recommendations. Now, we’d like to introduce a new feature which automatically syncs our reliable rates with your channel manager. In short, Autopilot makes your revenue management workflows easier than ever. And in true BookingSuite fashion, the feature is fully customizable. Read on to see the key features of […]


Revenue Management vs. Profit Management White Paper

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The latest BookingSuite white paper takes a look at assumptions around revenue management, and how you can rethink your property’s yields using a strategy we call profit management. Profit management considers costs of acquisition by channel, opportunity costs, and target audience to give you a complete picture of your property’s net revenue. Read the full strategy in Revenue […]


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?

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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

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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 […]


RateManager Makes tnooz

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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 Booking.com, the e-commerce […]


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 […]