Entries by Mike

Beginners Guide to Hotel Revenue Management 2017

Your Customers are willing to pay different prices for the same product.

The timing, the urgency of the need, and many other factors all influence a person’s perception of product value.

How a business can capitalize on this behavior and optimize their business forms the foundation of Revenue Management. So how does modern Revenue Management work?

Use Luopan Channel Manager to Easily Increase Revenue

Hotels that want to increase revenues need to distribute their inventory (rooms) to as many sales channels (OTAs) as possible. In this digital age, if a hotel is not viewable by a customer on an OTA, then the hotel simply does not exist.