Being Flexible with your Rate Management – Part 7

BAR leads to success and growing growth concept

It’s time to cozy up to the BAR That’s Best Available Rate, of course, and by focusing a revenue management strategy around Best Available Rate, hoteliers are successfully pushing the average rate charged per room by more accurately leveraging the all-powerful supply vs. demand equation.   However, to fully maximize the opportunity to charge the […]

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More ‘New’ Hotels Coming. Are you Ready?

Perfect blue sky day rising modern architecture development Austin Texas Cranes and new Downtown Construction Highrises

Rapid new hotel development and increased renovations of older properties have transformed local and regional markets across the United States, forcing many hoteliers to consider new strategies to stay competitive. According to Lodging Econometrics, by the end of 2018, the number of hotels and rooms in the United States is forecast to grow by 2.5%. […]

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Maximizing Playoff Profitability for your Hotel

Baseball Fan

We all know sports are a great hotel business driver. Be it the local teams, or planned tournaments, they’re both important and predictable opportunities from which to fill rooms. (see our recent piece on that here). But, all bets are off when it comes to nail biting season enders. Many times, it’s not known until […]

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A few missed dollars of ADR can leave money on the table

ADR

Hoteliers looking to push average daily rate (ADR) might not realize there is opportunity to ratchet it up even more. It’s not an indication of skill set or effort, but more about not knowing what they don’t know. But you can find out just how much by yourself. SkyTouch has developed a clever calculator tool […]

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5 Ways the Best Available Rate (BAR) Pricing Strategy Can Help Improve Hotel Revenues

Hotel PMS Automated Rate Management

Before meaningful hospitality software, property owners would rarely reset rates. The common approach of set it and forget was dominant. That meant a guestroom was generally priced the same for an extended period of time, such as the entire season or year, with little consideration given to demand trends. For most of the history of […]

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