#directbook

[redskyhospitality]

Is My Hotel Room Pricing Logical ?

For Some People, Setting Prices is Straightforward, While for others, It's More Challenging. But let's Put Aside Whether it's Easy or Complicated and Focus on the Core Question: Is the Price I'm Setting for my Hotel Rooms Logical?

Consider These Scenarios to Explore This Question:

You have a 50-room hotel with one room type. A group books 25 rooms, bringing your occupancy to 50%. Should you increase or hold retail pricing on OTAs and your brand's website? What factors influence this decision?

If your Corporate Individual – Negotiated Segment bookings are strong, should you increase or hold retail pricing? Why?

If you have only 5 rooms left to sell for today, should you raise prices or keep them steady?There may be many situations, where you might be inclined towards increasing the price points, when your property occupancy increases or Vice versa.

While it might seem intuitive to raise prices as occupancy increases, is occupancy the only factor to consider when setting prices?

Ultimately, the customer decides whether to book your room at the given price. You can set whatever price you like, but it's the buyer's decision to accept or reject it. To ensure you're competitive and growing revenue and profitability, you need to find the right price point.

How Do You Determine The Right Price?

The answer lies in understanding the Behaviour of your property. Just as people can be polite or rude, hardworking or lazy, hotels have characteristics that inform pricing decisions. To understand your hotel's Behaviour, consider these key aspects:

🟢Lead Times: Do bookings happen well in advance or closer to the arrival date? For example, weddings are typically booked well ahead of time, while business Travellers might book closer to their stay.

🟢Day of the Week Patterns: Leisure Travellers might prefer weekends, while corporate clients usually book weekdays.

🟢Length of Stay (LOS): What's the typical length of stay for different market segments?

🟢Price Elasticity: How does demand change with price fluctuations on different days of the week and during different seasons?

🟢Demand and Supply Balance: How does seasonality affect demand and supply across different market segments?

🟢Past and Current Trends: Are there noticeable changes in booking patterns?

🟢Socio-Economic Factors: What broader factors could impact customer Behaviour?

These insights help you forecast more accurately and make better pricing decisions.

It's important to remember that simply raising prices doesn't guarantee increased revenue. You need to consider the market segment mix, channel mix, and strategies to extend length of stay to grow occupancy during quieter times. Accurate forecasting enables you to make well-informed decisions about pricing, yield management, and channel management.

Expanding your distribution through a channel manager with a wide reach can also help increase demand, boosting your property's revenue.

RedSKY Hospitality provides services and expertise to help revenue managers optimize market segments and channel mix to maximize revenue and profitability. Using advanced technology, they can forecast and make informed pricing decisions.

Precium Technologies offers tools to aid accurate forecasting and competitor rate shopping to keep you up-to-date with market trends. Their AI-based pricing recommendation tool helps suggest the optimal price to maximize RevPAR and profitability.

By understanding your property's Behaviour and using advanced tools, you can set prices that attract customers while maximizing revenue and profitability.

#hospitality #redskyhospitality #hospitalityindustry #hotelrevenue #hotelrevenuemanagement #indianhotel #hotelowners #businessintelligence #directbooking #precium #preciumtechnologies

[thelallibhai]

Book your Spring 'Work From Home' stay or relaxing break at The Magic Cottage Transylvania @airbnb or message Rosie directly by Whatsapp [phone] 🌟 Superfast Internet and delicious vegetarian breakfast included 😋 Award winning homestay 🌟 #themagiccottagetransylvania #homestay #workfromhomeromania #magicaltransylvania #directbooking #traveleurope #weekendgetaway #ruralretreats #hiddentransylvania #saltvillages #praid #sovata #corund #hikingholidays #backtonature (at Rosie's Retreat The Magic Cottage Praid Transylvania) https://www.instagram.com/p/ComDzsqIH0l/?igshid=NGJjMDIxMWI=

#themagiccottagetransylvania #homestay #workfromhomeromania #magicaltransylvania #directbooking #traveleurope #weekendgetaway #ruralretreats #hiddentransylvania #saltvillages #praid #sovata #corund #hikingholidays #backtonature

[tingstrup]

#Hotel #Lisbon #DirectBooking #BeachHoliday #WeekendBreak

[tingslisbon]

#Hotel #Lisbon #DirectBooking #BeachHoliday #WeekendBreak

[wisetheoristphilosopher]

Mastering the Art of Last-Minute Flight Booking

For more features please visit https://trailtravelz.com/

In today's fast-paced world, spontaneity often leads the way. Whether it's a sudden urge to explore a new destination, a last-minute business trip, or an unexpected family emergency, there are times when booking a flight at the eleventh hour becomes inevitable. While conventional wisdom might suggest that booking flights well in advance is the key to securing the best deals, mastering the art of last-minute flight booking can prove to be a game-changer for the savvy traveler.

Embrace Flexibility

Flexibility is the cornerstone of successful last-minute flight booking. Being open to alternative dates, times, and even destinations can significantly increase your chances of finding a great deal. Mid-week flights, early morning or late-night departures, and off-peak travel seasons often come with lower prices and fewer crowds. By remaining flexible, you can take advantage of these opportunities and save a substantial amount on your airfare.

Use Aggregator Websites

When time is of the essence, aggregator websites become your best friend. These platforms compile flight information from various airlines and online travel agencies, allowing you to compare prices and options quickly. Websites like Kayak, Skyscanner, and Google Flights enable you to search for last-minute deals across multiple airlines and booking platforms simultaneously. Additionally, they often feature handy tools like fare calendars and price alerts, empowering you to make informed decisions and snag the best possible deal.

Sign Up for Alerts

Stay ahead of the curve by signing up for flight alerts and newsletters. Many airlines and travel websites offer email or app notifications for last-minute deals and flash sales. By subscribing to these alerts, you'll be among the first to know about discounted fares and limited-time offers. Whether it's a special promotion, a fare drop on your preferred route, or a sudden surge in availability, timely alerts can give you the edge when booking last-minute flights.

Consider Alternative Airports

When booking last-minute flights, flexibility extends beyond just dates and times—it also applies to your choice of airports. While major airports are often the default option, exploring alternative airports in nearby cities can yield significant savings. Smaller airports may have fewer flight options, but they can also offer lower prices and less congestion, particularly during peak travel periods. Before finalizing your booking, weigh the cost savings against any additional travel time or inconvenience associated with using an alternative airport.

Be Strategic with Loyalty Points

If you're a frequent traveler enrolled in a loyalty program, now is the time to cash in those hard-earned points. Many airlines offer last-minute award seat availability, allowing you to book flights using your accrued miles or points. While award availability may be limited, it's worth checking your loyalty account to see if any suitable options are available. Even if you don't have enough points for a full redemption, you may be able to offset the cost of a last-minute flight by partially paying with points or taking advantage of promotional offers.

Consider Booking Directly

While third-party booking sites are convenient for comparing prices, booking directly with the airline can sometimes yield better results, especially when it comes to last-minute fares. Airlines occasionally release exclusive deals and promotions on their own websites, incentivizing direct bookings and offering additional perks such as waived change fees or priority boarding. Additionally, by bypassing third-party commissions, you may find that the final price is lower when booking directly with the airline.

Stay Persistent and Patient

Persistence pays off when it comes to last-minute flight booking. Prices can fluctuate rapidly, so don't be discouraged if you don't find a suitable deal right away. Keep checking multiple sources, monitor fare trends, and be prepared to act quickly when you spot a favorable offer. Remember that prices can sometimes drop unexpectedly in the final hours before departure as airlines seek to fill remaining seats, so patience combined with vigilance can be a winning strategy.

Conclusion

Mastering the art of last-minute flight booking requires a combination of flexibility, resourcefulness, and strategic thinking. By embracing flexibility, leveraging aggregator websites, signing up for alerts, considering alternative airports, strategically using loyalty points, and staying persistent, travelers can unlock significant savings and seize spontaneous travel opportunities. While booking last-minute flights may require some quick decision-making and flexibility, the rewards in terms of both savings and adventure make it a worthwhile pursuit.

#LastMinuteFlightBooking #TravelTips #FlightDeals #TravelHacks #AirfareSavings #TravelFlexibility #FlightAlerts #AlternativeAirports #LoyaltyPoints #DirectBooking

[travelladda-blog]

🌍✨ Embrace the whispers of adventure in every tick of the clock ⏰💫 Dive into the currency of time and discover that travel is the richest experience you can invest in! ✈️🌴 . Plan your next escapade now at travelladda.com and let the journey unfold. 🗺️

#TimetoTravell #AdventureAwaits #exploretheworld #TravelGoals #WanderlustJourney #traveldiaries #InvestInAdventure #travel #tourism #travelladda #directbooking #hotelstay #staycation #adventures #wanderlust #vacation #holidays #tourist #adventure

[grandplazakensington]

Immerse Yourself in History at the Natural History Museum with Park City Grand Plaza! Explore the wonders of the past and the marvels of the present, just moments away from our hotel. . Book directly with us this August and enjoy an exclusive 35% OFF on your stay, making your visit to London's iconic museum even more memorable.

#NaturalHistoryMuseum #ParkCityGrandPlaza #ExploreLondon #IconicMuseum #LuxuryStay #AugustOffer #DirectBooking #UnforgettableMemories #LondonAdventures #HistoryAndLuxury #LondonExploration #explorepage #exploremore #londonlife

[rentbyhost]

#rentbyhost #vacationrentalsbyowner #vacationmode #NoBookingFeeVacationRentals #directbooking #Youtube

[yardhotelsearchingyard1]

Are you a hotel owner? Are you not getting sufficient bookings for your hotels? Convert your lookers into direct bookers with our booking engine.

Contact us today:⁣ Website: https://yardhotel.live Call/Whatsapp: [phone]⁣ Mail: [email protected]

#bookingengine engine hotelsoftware hotelbookingengine directbookings bookingengineforhotels

[thedwellinginn]

#thedwellinginn #4starhotel #greaternoida #parichowk #expomart #directbooking #luxurystay #comfortstay #staysafe #restaurant #banquethall #weddingvenue #birthdaypartyvenue #reservernow #booknow

[dwellingresidency]

Daughters are angels sent from above to fill our hearts with unending love. Happy Daughters Day !! #happydaughtersday #daughtersday #daughterlove #daughter #Heart #dwellingresidency #greaternoida #rooms #directbooking #luxurystay #comfort #staycation To book your room call us at [phone] Know more details https://www.thedwelling.in/ (at Greater Noida) https://www.instagram.com/p/Ci7WrSoBbfI/?igshid=NGJjMDIxMWI=

#happydaughtersday #daughtersday #daughterlove #daughter #heart #dwellingresidency #greaternoida #rooms #directbooking #luxurystay #comfort #staycation

[redskyhospitality]

🚀𝐄𝐥𝐞𝐯𝐚𝐭𝐞 𝐘𝐨𝐮𝐫 𝐑𝐞𝐯𝐞𝐧𝐮𝐞: 𝐓𝐢𝐩𝐬 𝐟𝐨𝐫 𝐅𝐞𝐛 𝐚𝐧𝐝 𝐌𝐚𝐫𝐜𝐡 𝐒𝐮𝐜𝐜𝐞𝐬𝐬!

👉As we gear up for February and March, here are strategic tips to boost your hotel's revenue:👇

🟢 𝐀𝐝𝐯𝐚𝐧𝐜𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐬 Offer enticing Advance Purchase Discounts for reservations made 8 days in advance. Capitalize on the trend of increasing bookings well ahead of time.

🟢 𝐃𝐚𝐭𝐚-𝐃𝐫𝐢𝐯𝐞𝐧 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬 Dive deep into your data! Analyze booking patterns and trends to fine-tune your strategies. Understanding your audience is key to staying ahead.

🟢 𝐋𝐞𝐧𝐠𝐭𝐡 𝐨𝐟 𝐒𝐭𝐚𝐲 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐬 Explore Length of Stay (LOS) discounts to attract guests looking for extended stays. Tailor your offerings based on data insights for maximum impact.

🟢 𝐕𝐚𝐥𝐞𝐧𝐭𝐢𝐧𝐞'𝐬 𝐖𝐞𝐞𝐤𝐞𝐧𝐝 𝐒𝐮𝐫𝐠𝐞 The Valentine weekend spans 4 days – a prime period for heightened demand. Plan a strategic rate surge closer to the date for all holiday-focused hotels.

🟢 𝐅𝐞𝐬𝐭𝐢𝐯𝐚𝐥 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 Plan for Holi and Easter! Leverage the extended weekends by devising strategies to optimize rates. Seize the opportunity with targeted promotions and packages.

#hospitality #hotel #redskyhospitality #hospitalityindustry #hotelrevenue #hotelrevenuemanagement #indianhotel #hotelowners #businessintelligence #directbooking

[thelallibhai]

Book your cosy February stay in The Courtyard Studio at Rosie's Retreat Udaipur @airbnb @makemytrip or message Rosie directly by Whatsapp [phone] 🌟 Award winning guesthouse. Breakfast included 😋 PC @ve.ri.tee #rosiesretreat #udaipurrosiesretreat #rosiesretreatudaipur #homestayheaven #airbnb #makemytrip #directbooking #udaipurtravel #visitudaipur #awardwinningguesthouse #rajasthanistyle #indiatravel #cityoflakes #lakecityudaipur #oldcitycharm (at Udaipur Rosie's Retreat) https://www.instagram.com/p/CnZTd8hInum/?igshid=NGJjMDIxMWI=

#rosiesretreat #udaipurrosiesretreat #rosiesretreatudaipur #homestayheaven #airbnb #makemytrip #directbooking #udaipurtravel #visitudaipur #awardwinningguesthouse #rajasthanistyle #indiatravel #cityoflakes #lakecityudaipur #oldcitycharm

[perfectstayz]

Perfect Stayz offer #NoBookingFees #USAVacationRentalsByOwner in #toptouristdestinations across the United States. Save upto 20% on #directbooking via website offering luxury and #AllInclusiveVacationRentals at affordable cost. https://bit.ly/3mK9K5s

#USA Vacation Rentals by Owner

[seocompanyexperts2]

Unlock the Power of Hotel Digital Marketing and Skyrocket Your Bookings! Get ready to revolutionize your hotel's online presence and attract guests. With our cutting-edge strategies, we'll boost your visibility, engage your target audience, and drive direct bookings like never before. Get in touch with us today and let's take your hotel to new heights! #HotelDigitalMarketing #DirectBookings #OnlineVisibility #ThrivingBusiness #HotelSuccess

For More Info : https://www.seocompanyexperts.com/hotel-website-seo-services/

#hotel online marketing #hotel digital marketing #hotel digital marketing agency

[kusaafrica]

Lookout for our new symbol, letting you know that you can book online with us for the property we are highlighting! Simply copy the link in the Instagram post into your browser, or head over to our Facebook page to click the link directly! . . . . . #datewithdestiny #confidencequotes #nightsbridge #timeismoney #businessonline #landscapephoto #raiseyourstandards #weconnectyou #chauffeurservice #dreambigorgohome #lifestyle #channelmanager #travelers #leader #businesstravel #directbilling #worktravel #happy #whattosee #igtravel #visitsouthafrica #whattodo #traveltechnology #africanskies #directbookings #onlineentrepreneur #beautifulcolors #allinonesolution #raw_africa_ #bestvacations (at South Africa) https://www.instagram.com/p/CgHGfs8q0Wt/?igshid=NGJjMDIxMWI=

#datewithdestiny #confidencequotes #nightsbridge #timeismoney #businessonline #landscapephoto #raiseyourstandards #weconnectyou #chauffeurservice #dreambigorgohome #lifestyle #channelmanager #travelers #leader #businesstravel #directbilling #worktravel #happy #whattosee #igtravel #visitsouthafrica #whattodo #traveltechnology #africanskies #directbookings #onlineentrepreneur #beautifulcolors #allinonesolution #raw_africa_ #bestvacations