Eight things smart hotel revenue managers do differently
The new age of revenue management will take big leap into the world of predictive, big data driven, revenue management strategies instead of the historical demand-driven practices of today.
NB: This is a viewpoint by Vishal Jain, Chief Products Officer at RateGain.
In today’s connected world your hotel can find it difficult to be different.
Most hotels are online and they are working with the same channel partners as you. They have pricing strategies aligned to the competitor set (which you are definitely part of) and are focused on their guest satisfaction scores and online buzz.