Revenue Management

Enhancing Hospitality: The Dynamics of Multi-Property Management

In the hospitality industry, managing multiple properties transcends simply expanding the number of locations; it involves elevating the guest experience to new heights. At the core of this strategy is the creation of a unified guest profile, ensuri...

Alexandra Fjällman

Alexandra Fjällman

Chief Marketing Officer at Atomize

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Property Technology

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Revenue Management

Atomize AB

Hotel Revenue Management glossary: The definitive A to Z of terms for hoteliers

Hotel Revenue Management glossary: The definitive A to Z of terms for hoteliers

It takes patience, practice, commercial nous and access to the best data and software available. We hope, that with a good understanding of the topic, the starting point of which is a familiarity with its foremost terms and concepts, you’ll be able ...

Lighthouse (formerly OTA Insight)

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Revenue Management

Hotel Revenue Management glossary: The definitive A to Z of terms for hoteliers

The hospitality industry’s key historical metrics

Performance benchmarking is paramount in the hospitality industry, and whether measuring success against yourself, the competition or a specific segment of the market, the process involves foundational historical metrics.

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Revenue Management

STR

Hotel productivity: How to improve efficiency in hotels

Hotel productivity is a measure of how much a hotel does (in terms of selling rooms, products and services) with the resources it has (such as money, labour and materials). The ultimate goal is to simply do more with less.

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Revenue Management

SiteMinder

RevPAR vs. TRevPar

If you work in the hotel business, acronyms are part of the job. Among the many shorthand terms we use, two are particularly important for measuring performance. Their names might strike a similar chord, but delving into these respective metrics rev...

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Revenue Management

STR

Competitor based pricing for hotels: A complete guide

Competitor-based pricing or competition-based pricing is a data-driven approach where businesses use advanced analytics to set their prices based on competitors’ rates. In the hotel industry, this involves leveraging sophisticated pricing algorithms...

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Sales & Marketing

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Revenue Management

SiteMinder

Hotel dynamic pricing: Definition, examples, and best software to use

Dynamic pricing is a pricing strategy for hotels that involves changing room rates daily, or even within the day based on real-time market conditions.

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Information Technology

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Revenue Management

SiteMinder

Hotel price monitoring: How to track hotel prices

Hotel price monitoring is a crucial practice that involves tracking the prices of hotel rooms, both within your own portfolio and across competitors. This data-driven approach enables you to make informed pricing decisions, ensuring you remain compe...

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Revenue Management

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Finance & Accounting

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SiteMinder

Hotel metrics: How to measure performance in the hotel industry

Hotel metrics, often referred to as key performance indicators (KPIs), are essential data points that hoteliers use to measure the performance and success of their establishment.

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Revenue Management

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Finance & Accounting

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Markets & Performance

SiteMinder

Guide to hotel fees and surcharges for hotels

Hotel fees encompass a range of extra charges guests may pay for amenities and services. However, they are more than just additional charges on a guest’s bill. They can also be strategic revenue boosters that can significantly elevate your hotel’s p...

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Revenue Management

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Finance & Accounting

SiteMinder