There are a lot of articles out there on Revenue Management and how to get started. But most of them start at the beginning…we think you should start at the end. Let’s first work out what the potential impact would be and then focus on that.
Revenue management is always a hot topic in the industry. Specially at the moment there a lot of new revenue management systems (RMS) coming to market, all claiming that they have found the secret sauce to accurately forecast the right pricing for your rooms.
The channel manager takes care of connecting and automating your distribution throughout all your channels. It connects to your PMS and the different OTA’s, Brand.com, GDS’s and other channels you need.
Cost of advertising is rising, OTA commissions are rising, in other words cost of distribution is on the rise. Countering that requires smarter advertising systems that will take advantage of the cents that can be shaved off around at the various points.
80 DAYS: As an industry, we focus a lot of our attention on the direct revenue generated by a hotel website and rightly so. But as we all know, unlike most online purchases, the transaction doesn’t end with the booking.
Hotelhero is the only hotel technology research platform specialized for the independent hotel market. We are excited to announce that we are entering the UK market to help English independent hoteliers to master the challenge of the digitalization by making sense of the complex, fragmented, and fast-moving technology space.
Last week, we attended Food Hotel Tech in Paris, alongside some of our partners. The show was a great success with more than 4000 attendees and 100+ technology providers for the Food & Hotel industries.