BOOST YOUR REVENUE MANAGEMENT WITH THESE STRATEGIES Any hotel that strives for success knows how important it is to have a significant focus on revenue management and to keep up with technology and marketing. Today’s travelers are smarter and feel disposed to making more strategic purchases, analyze the market better and consider every nuance that lets them hit the best deal and offer.
With travelers becoming cleverer, it puts more pressure on the hoteliers and hotel managers who must be updated with changing market demands and should understand that price booking directly depends on how well the price awareness has been promoted. Price awareness helps gauge whether it will bring customers’ satisfaction, more rebooking, and recommendations to others. Since the parameter of booking a hotel that a traveler has in mind is getting more complex, your 360° marketing strategies need merchandising strategies and effective revenue management. Read more at: http://www.livebeanhospitality.com/blog/boost-your-revenue-management-withthese-strategies