Posts Tagged ‘Hotel industry downturn’
How Revenue Management Can Help You Prepare For Downturn
It’s no secret that hotel operating costs are on the rise, in many cases at an even higher clip than revenue. Hoteliers are pointing to inflated digital marketing costs, and with the emergence of new distribution channels like Google, TripAdvisor and Facebook, the cost of acquiring guests is higher than ever before.Read More
Stress Your Value Proposition During Corporate Rate Negotiations
As hotel sales and revenue management teams engage in corporate rate negotiations this fall, they might find themselves at a disadvantage for the first time in a few years. To prevail, or at least to maintain their market shares, hotel negotiators need to stress the value they can offer that’s not available at their competitors.Read More
OTA demand: A trick or a treat?
Hoteliers Recognize Pricing Power Through Year End
OTAs’ dimming strategies against hotels could backfire