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โIndia's Tourism Market is evolving from a Price-Sensitive model to an Experience-Driven one. Consumers have shown a growing willingness to pay extra for Value-added services. Popular enhancements include Pet-friendly accommodations, Personalized photoshoots to capture the stay experience, Family activities, and Flexible Breakfast options like Breakfast in Bed or Plunge Pools.โ
Hotel Revenue Management
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Revenue management means selling the right room to the right customer at the right time and at the right price. Pricepoint offers the best Automated Revenue Management System that will helpย to increase room occupancy and revenues. It comesย with anย integrated rate shopper that allows users to quickly compare room prices with competitors.ย ย
Donโt waste time! Book a free demo today and always sell at the optimal price.
Visit: https://pricepoint.co/1a/
Learn More about revenue management system: https://pricepoint.co/how-revenue-management-systems-can-boost-topline-revenue/?fbclid=IwAR0XPDG3jANaejj-wcSOXdp6e2sbwbl7-qrcjDlO8qalTY7-6TE7XyiCQXMย
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Push "up" to take your hotel revenue management capabilities to a new level with the help of AI & ML
In spite of the challenges, hotel #roboticsโ future is really bright. The worldwide market of a #hotel is projected to #grow.
Hotels nowadays are turning to robots to improve operations as well as to enhance the guest experience. Also, with AI, the future looks quite promising.ย
https://haripatel.me/blog/push-up-to-take-your-hotel-revenue-management-capabilities-to-a-new-level-with-the-help-of-ai-ml/
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'Adopt A Heritage' - Reviving the abandoned heritage sites of India
Aguada Fort in Goa, Jantar Mantar in Delhi and Ajanta Caves in Maharashtra - What do these three Heritage sites have in common? Well these heritage sites, among many others, have been adopted by different Indian companies as a part of their Corporate Social Responsibility ( CSR ). These companies ( called Monument Mitras under this project ) will be responsible for the renovation and upkeep of these ancient monuments and archaeological sites while making them tourist-friendly. โAdopt A Heritageโ is a solid effort by the Ministry of Tourism to leverage these existing incredible sites while making sure that they are being preserved with responsibility. The vision statement for โAdopt A Heritageโ Project, reads as quoted below:
โThe Ministry of Tourism in close collaboration with the Ministry of Culture, Archeological Survey of India (ASI), State/ UT Governments and the Private/ Public sector companies/ Trusts/ NGOs/ Individuals, etc. envisages developing amenities at heritage sites, monuments and tourist sites to make them tourist friendly and increase the siteโs tourism potential by enhancing the tourist experience in a planned and phased manner.โ
The main objectives of the project include:
Developing basic tourism infrastructure in and around heritage sites, monuments and tourist sites.
Develop facilities and amenities to improve the tourist experience at heritage sites, monuments and tourist sites.
Promote cultural and heritage value of the country and develop avenues to create awareness about the heritage sites/tourist sites in the country
Develop and promote sustainable tourism infrastructure and ensure proper Operations and Maintenance therein.
Develop employment opportunities and support livelihoods of local communities at the heritage and tourist sites.
This ambitious project is buttressed by a robust management structure with multiple committees. These will monitor the project process at regular intervals and to ensure corrections in implementation
Oversight and Vision Committee
Implementation Committee
Monument Committee
Beyond this, the companies that will adopt a particular heritage site will be called โMonument Mitrasโ - who will be further supported by โProject Management Consultants (PMC)โ. The Consulting team will be appointed by the Ministry of Tourism, Government of India for the โAdopt a Heritageโ project shall be called the Project Management Consultants (PMC). The PMC shall provide support to the Oversight and Vision Committee, Implementation Committee and Monument Committee.
Read our entire blog on Monument Mitras on our website ProMiller.
Also, subscribe to our newsletter for updates regarding latest blogposts.
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MinkHotels - Revenue management with PMS & Channel Manager
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We will help you increasing your hotel Occupancy & Revenue
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Call us - 8888889563
Log on to us:- https://minkhotels.com/
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A new day is here again; perfect and untainted Make the best of it, spreading joy and unconditional love throughout Happy Navratri #navratri #garba #navratrispecial #k #navratricollection #india #mumbai #durga #durgapuja #dandiya #traditional #maa #navratrifever #navratrifestival #indian #festival #emanagemyhotels #socialmediamarketing #revenuemanagement #hotelsdeal #hotelrevenuemanagement #brand (at Ahmedabad, India) https://www.instagram.com/p/B2_PR8mhKZw/?igshid=1irgcajpqpk31
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With changing time and increased competition, many hotels now have started using hotel industry business insights to take relevant business decisions, ultimately to increase hotel revenue. However, are you one of those smart hoteliers who understands the importance of big data analytics when it comes to run your hotel business efficiently?
hotel industry business insights,increase hotel revenue,hotel revenue management,big data analytics,hospitality big data,tips to increase hotel revenue,business insights to increase hotel revenue,hotel strategy to increase revenue
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Hotel Revenue Management.
Revbizs in this rapidly growing market of wide-ranging revenue organization and allotment will provide you with the best experience in the hospitality and corporate industry, Team at Revbizs are the expertise in the management of independent hotels to uncover their hidden revenue potential, and increase your bottom line.
ย ย Revbizs is a complete 360 degree platform for every need of hoteliers and clienteles; it specializes in Booking Confirmations, Room Hold Requests, and Room Queries, Online Channel Partners, Booking Engine, Payment Follow ups and bunch of other services.
ย We offer the best to our consumer and clients because a right service can result into right outcome for a particular business we best practices, proven techniques with our clienteles in travel and leisure industry.
www.revbizs.com
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Rydges Hotels and Resorts chooses RateGainโs Price Intelligence tool to optimize on their pricing strategy by analyzing the rate trend on real time basis. PriceGain Hotels is a comprehensive and intuitive rate intelligence tool which lets hoteliers rework their pricing strategy. As a rate intelligence tool, PriceGain Hotel provides you with a range of critical information like transient rates, competition rates, various pricing segments, rate combinations etc. The tool compares the real time rates from million data sources and presents it in an easy comprehensible dashboard that supports the management to work on their transient pricing decisions.
The Group Director of Revenue Management Rydges Hotels & Resortsโ said โThe biggest challenges prior to using RateGain solution were with the shopping report accuracy, relevant like for like comparison of rate offers and room types, as well as real time visibility across multiple channels. PriceGain provides us with a dynamic scrape of pricing comparison by inclusion room type, rate type in desired denomination to give us a well rounded understanding of our pricing in the market.The toolโs ability to review the data from a high level of how the competitor rates are shifting over a period, to the granular detail of daily movement ,by hotel and by channel is seamlessโ
Speaking on the occasion, Yogeesh Chandra,EVP- Hospitality, commented โWe are glad to extend our services to Rydges Hotels and Resorts, one of the most reputed and finest hotels of Australia. The hospitality space is very competitive and the product perishable, hence the hoteliers need to monitor and align their strategy basis the market movement and compression.PGH is one of our best performing product, tried, tested and recommended by the hotel giants across โ
About Rydges Hotels and Resorts:
Rydges is a well known family of hotels and resorts of Australia. They combine a modern and genuine approach to service and empower people to make your stay relaxed and comfortable. From a bustling urban city like Sydney, Melbourne and Auckland to busy business centers like Parramatta and Gladstone or relaxed coastal towns like Cairns and Port Macquarie; they offer great value accommodation with over 40 locations across Australia and New Zealand as well as having a boutique hotel in London.
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โHotels in 2024 Should Shift Focus to #trevpar, Which Includes all Income like Restaurants, Bar, and Spa. This Comprehensive Approach aims to Maximize Overall Profitability by Efficiently Utilizing Space for Revenue Generation. TRevPAR Serves as a Key Performance Indicator (KPI), Urging lodging Operators to Identify and Seize Opportunities across different Operational Areas to Enhance Profitability. It's a big Step for Smarter Revenue Management in Hospitality.โ
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๐๐๐ฅ๐๐ฏ๐๐ญ๐ ๐๐จ๐ฎ๐ซ ๐๐๐ฏ๐๐ง๐ฎ๐: ๐๐ข๐ฉ๐ฌ ๐๐จ๐ซ ๐
๐๐ ๐๐ง๐ ๐๐๐ซ๐๐ก ๐๐ฎ๐๐๐๐ฌ๐ฌ!
๐As we gear up for February and March, here are strategic tips to boost your hotel's revenue:๐
๐ข ๐๐๐ฏ๐๐ง๐๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ๐ฌ
Offer enticing Advance Purchase Discounts for reservations made 8 days in advance. Capitalize on the trend of increasing bookings well ahead of time.
๐ข ๐๐๐ญ๐-๐๐ซ๐ข๐ฏ๐๐ง ๐๐๐๐ข๐ฌ๐ข๐จ๐ง๐ฌ
Dive deep into your data! Analyze booking patterns and trends to fine-tune your strategies. Understanding your audience is key to staying ahead.
๐ข ๐๐๐ง๐ ๐ญ๐ก ๐จ๐ ๐๐ญ๐๐ฒ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ๐ฌ
Explore Length of Stay (LOS) discounts to attract guests looking for extended stays. Tailor your offerings based on data insights for maximum impact.
๐ข ๐๐๐ฅ๐๐ง๐ญ๐ข๐ง๐'๐ฌ ๐๐๐๐ค๐๐ง๐ ๐๐ฎ๐ซ๐ ๐
The Valentine weekend spans 4 days โ a prime period for heightened demand. Plan a strategic rate surge closer to the date for all holiday-focused hotels.
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๐๐ฌ๐ญ๐ข๐ฏ๐๐ฅ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐๐ฌ
Plan for Holi and Easter! Leverage the extended weekends by devising strategies to optimize rates. Seize the opportunity with targeted promotions and packages.
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A Brand Website can Enhance Direct Booking Conversions by Providing a Seamless user Experience, Showcasing Unique Offerings and Promotions, Offering Secure and Convenient Booking Processes and Building Trust through Personalized Content and Reviews. It also allows Hotels to Maintain Control over their Brand Image and Customer Data, Providing them with Valuable Insights for Future Marketing Strategies and offers aimed at Increasing Customer loyalty and Retention.
Hotel Revenue Manager
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โRate Fluctuations are Crucial for the hotel business because they allow businesses to adapt to Changing Demand, Seasons and Market Conditions. Dynamic pricing helps Maximize Revenue by Adjusting Rates based on Factors like Peak Times, Events or booking Patterns, Ensuring Competitive Pricing and Improved Profitability.โ
Hotel Revenue Manager
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Optimizing your Presence on #OnlineTravelAgent (OTA) Platforms is Essential for Maximizing Visibility and Boosting Conversion Rates:
๐ข Accurate OTA Channel Setup boost Visibility.
๐ข Proper Configuration Increases Bookings.
๐ข Crucial for Revenue in Travel Industry.
๐ข Ensures Accurate listings for more Conversions.
๐ข Essential for Success in Competitive Market.
Hotel Revenue Manager
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Hotel Can Cover up Occupancy Gap between two Sold-Out Dates by Following Points:
๐ขEffectively Managing Sell-through
๐ขGiving Flexible Cancellation Policy
๐ขStrategically Adjusting Price Point
๐ขIncorporating Visibility Booster
Hotel Revenue Management
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