An efficient automated pricing feature increases revenue by capitalizing on the ever-changing market demand and implementing the optimal price point at all times. Benefits of Revenue Management feature Increase efficiency…
As hotels come out of what has to have been the most tumultuous year our beloved industry has ever faced, it is important now more than ever to have the…
COVID-19 changed everything, including revenue management strategies. No longer just a trend analysis of past data, revenue management today is about how “real-time” your pricing is. A year of dramatic…
Jumpstart your revenue & distribution with strategic advice industry leaders STAAH collaborates with Tourism Malaysia along with renowned Hotel Associations and key players in the hospitality space to lead a…
Are group bookings always the right way to make money? Surprisingly, no. Especially post COVID-19 and with the travel restrictions, you have to target new segments. There are times when…
Travel restrictions progressively being lifted around the world is clearly good news for our industry. During this recovery phase, albeit an unpredictable one, revenue management is critically important as it draws upon…
Revenue management is one of the biggest pain points of hoteliers and can get very confusing and frustrating. But the subject cannot be ignored as it forms an essential part…
Revenue Management is knowing how the hotel business will behave / Respond to certain actions.Action are based on Forecasting. Forecasting is looking into the future and predicting Market and Hotel…
Revenue management discipline was non-existent until a few years ago. Started in the 1980s from the airline industry, the techniques are now adopted across industries and businesses are growing exponentially…
While it is important to analyse the impact of historical strategies and data, looking ahead is equally important. ARMA founder Melissa Kalan explores what smart revenue managers should keep in…