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Topic - eRevMax

Hotel Revenue Management
Tips to Hotel Revenue Management banner

Tips to Hotel Revenue Management: Use Your Data Points to Its Maximization

Every traveler has a maximum amount that they are willing to pay for their accommodation. Whether you run a 5-star hotel or a boutique villa, the goal of all hoteliers is the same – Revenue Maximization. Apprehending this value as closely as possible is the hallmark of a successful hotel. For which you implement various revenue management techniques and strategies to upscale yourself in an inclusive, responsible and sustainable way. However, the key to scoring a goal in revenue management is direct bookings.

Hotel Booking Engine
Hotel booking screenshot

The Relationship Between Your Hotel Booking Engine & Website

Every hotel aims to increase its direct bookings. They not only save on the commission cost paid to third parties like OTAs but also have full control over relation-building with guests from the beginning and build loyalty. Hotel Booking Engine is the gateway to direct bookings.

Hotel Revenue Management
Graphic - Room Rate API concept

Room Rate API to Set the Best Price for Your Hotel

Undoubtedly with the emergence of technology and room rate API, the process of hotel pricing has been simplified and easier than before. Integration of real-time marketing data with the pricing mechanism makes it easier to monitor market demand, competitor movements, and revive your price accordingly.

Hotel Revenue Management
Graphic - Best Available Rate concept

BAR - Best Available Rate Pricing for Your Hotel

With multiple pricing schemes available, the hospitality industry is going more and more intricate towards revenue maximization. Today here in this article, we are going to discuss the BAR (Best Available Rate) rate.