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Cathy Enz - Hotel Pricing Strategy - Cornell Center for Hospitality Research
 
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Professor Cathy Enz explains the effects of hotel pricing strategy on revenue, with the idea of focusing on the "right price." Download the corresponding research here http://www.hotelschool.cornell.edu/research/chr/pubs/reports/abstract-16079.html
Views: 9049 CornellCHR
How to enhance your hotel's revenue management and pricing strategy for maximum profits?
 
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Watch the video to find out more about enhancing your hotel's revenue management and pricing strategy for maximum profits! Panel discussion on enhancing hotel's revenue management and pricing strategy for maximum profits featuring: • Grahame Tate, Managing Director Asia Pacific, IDeaS a SAS Company, Australia • Philip Schaetz, Senior Vice President, Sales & Marketing, Kosmopolito Hotels International, Hong Kong • John Augustin, Director of Operation, The Everly Group, Malaysia • Nobert Vas, Vice President Sales & Marketing, Aston International, Singapore Economy Hotel World Asia 2012-The economy hotel conference for hotel owners, property developers, investors and operators looking to enter or expand their market share in Asia Pacific on the economy and limited service segment. Visit our website: http://www.terrapinn.com/conference/economy-hotels-world-asia Subscribe! http://www.youtube.com/subscription_center?add_user=thepearlestate Read our blog: http://blogs.terrapinn.com/total-real-estate/ Follow us on twitter: http://twitter.com/t_real_estate
Views: 56549 ThePearlEstate
Pricing Strategy - What is driving your demand? [Intermediate]
 
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Hotel Revenue Managers often make the mistake of changing rate based on occupancy alone. This video will help you understand how to take a deeper dive into your data and uncover what is really driving your demand. For additional questions or to request a demo of our services, please visit: http://www.kriyarevgen.com/ For more visit: www.kriyarevgen.com
Inside the Hotel Pricing Game
 
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Marriott International's Revenue Management guru, David Roberts, describes how the hotel giant squeezes every penny out of its 3,700 hotels, even if it means charging you twice as much for your room as the guy next door is paying for his. A conversation about how Marriott maximizes its profits, and how you can minimize your costs.
Views: 26708 CNBC Prime
Pricing Strategies for Hotels
 
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Pricing Strategies for Hotels - https://IncreaseYourPrices.com If you are looking for pricing strategies for Hotels, watch this video to learn about the best pricing strategies for hotels
Views: 126 Greg Chapman
Pricing Strategies: Dynamic Pricing
 
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In this short revision video we explain the concept of dynamic pricing. Dynamic pricing is a pricing strategy in which businesses set flexible prices for products or services based on current market demands. The aim of dynamic pricing is to allow a business that sells goods or services online and/or via mobile apps to adjust selling prices on the fly in response to changing market demand.
Views: 9928 tutor2u
Revenue Management partIV - Optimize Your Pricing Strategy  www.guestcentric.com
 
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http://www.guestcentric.com New series of workshops on Revenue Management Optimization for independent hotels by GuestCentric Systems. The implementation of a revenue management strategy to maximize revenue and profits is crucial for any hotel. Although revenue management is consider by many a complex business strategy, the basis of it and objectives are very simple: being able to adapt the price of a service or product based on demand, competition, time, market and other factors in order to maximize profits and revenue. The workshop will be hosted by Pedro Gomes Product Manager at GuestCentric Systems and will provide viewers an overview about the fundamentals of Revenue Management. The topics of the workshop are the following: •Introduction to revenue Management •What revenue management strategy do you follow •Choose the pricing strategy that fits you the best The videos will be posted on the following dates: •Introduction to revenue Management part I August 31, 2009 •Introduction to revenue Management part II September 15, 2009 •What revenue management strategy do you follow September 29, 2009 •Optimize Your Pricing Strategy October 27, 2009
Views: 11420 GuestCentric
Hotel Revenue Management - How to Calculate Room Cost
 
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To properly manage revenue for a lodging property you first need to know how much it costs you to rent a room to someone. There are two costs that you need to consider: incremental and burdened. This video explains each of these and shows how to calculate them for your property. More revenue management videos and info at my updated site: https://hotelrevenueman.com/.
Views: 36043 HotelRevenueMan
Splitty Hacks the Hotel Pricing Strategy
 
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Dr. Villy Abraham talks about Splitty on the Trending show. Splitty is the world's first online hotel booking platform that allows users to take advantage of hotel deals available by splitting reservations in two.
Hotel Sales distribution Explained. (2019)
 
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In this video, I explain the hotel online rate distribution landscape. Follow hotel rates from the hotel, all the way to traveller micro-moments. See distribution and marketing convergence in action, dubbed Crazy Town. Hotel online rate distribution does start with you! Check it out! Using a simple interactive visual display diagram on screen, I quickly follow the data through 4 key stages, explaining how everything works together and eventually reaches your potential guests during various stages of their micro-moment journey. VIDEO IS FOR- This video is excellent for hotel owners, hotel managers, reservations officers, front office managers, sales managers, travel agents, tour operators, e-commerce managers, revenue managers, yield managers, internet sales, hotel sales consultants and hotel management companies, wholesalers, OTA or GDS companies. RJB Systems Ltd can build any cloud software you like, and the MyRatesMagicⓇ platform helps you create ANY Hotel Rate Plan in the Cloud and run pricing scenarios in real time. FEEDBACK & SUBSCRIBE- Please let me know what you think of this video in the comments section below. Don’t forget to Subscribe and ring the bell for the latest video upload alerts. QUESTIONS — Have a question about this video OR Hotel online distribution, Channel Management, Revenue Management, Hotel Booking Engines, Hotel Marketing (Google Adwords, SEO), Website Design and Development, Web Hosting, Hotels, Resorts, Customer Relationship Management, Property Management Systems, Payment Gateways, Reputation Management, Social Media for Hotels, Meta Search, Hotel Competition Prices, Hotel Rates Calculations, Training, Rapid Application Development, speak to me: Richard Bedenham CEO/ Founder | RJB SYSTEMS LIMITED A: 4000, Limassol Cyprus | M: +357 99 155 526 E: [email protected] Site: rjbsystems.co | Brand: myratesmagic.com | Builder: rjbsystems.builder.ai Skype: rbedenham05 | Work Time Zone: GMT +2 (+3 Day Light Savings) Twitter: https://twitter.com/MyRatesMagic Facebook: https://www.facebook.com/myratesmagic/ LinkedIn: https://www.linkedin.com/in/richard-bedenham YouTube: https://www.youtube.com/c/MyRatesMagicbyRichardBedenham Instagram: https://www.instagram.com/myratesmagic_for_hotels/ Anchor: https://anchor.fm/richard-bedenham Blog: https://myratesmagic.com/blog/ DISCLAIMER: This video contains indicative advice and guidance. Use in conjunction with professional hotel technology consultancy advice.
Intro to Mathematical Hotel Revenue Optimization Webinar
 
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This is the 30 minute live webinar that we offered on the mathematical process of calculating the optimal rate using Dynamic Pricing. Take full course at http://www.forsmarthotels.com Download Workhseet: http://www.forsmarthotels.com/wp-content/uploads/2013/08/Intro-to-Optimization-Pre-Workshop.pdf
Views: 13213 Robert Hernandez
pricing strategy
 
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Views: 16 yna yap
Hotel Revenue Management 101 Example
 
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Is it better to sell every room at a cheap rate, or raise rates and leave some rooms empty? ADR (Average Daily Rate) vs. Occupancy. More revenue management videos and info at my updated site: https://hotelrevenueman.com/.
Views: 32861 HotelRevenueMan
Rate360 Demo -- Hotel Business Intelligence to Optimize Your Hotel's Pricing Strategy
 
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Monitor your competitive rate position with Rate360, a powerful and easy-to-navigate rate comparison tool. Rate360 seamlessly integrates ten billion hotel rates from more than 400 sources onto a simple, easy-to-use platform to enable hoteliers to best manage their property's pricing strategy and ensure rate parity across multiple channels. Free 14-day trial: http://bit.ly/RWjrc0 More information at http://bit.ly/zlLc7Z Contact us at http://bit.ly/HeiWQP
Views: 16457 TravelClickOfficial
Pricing A Hotel Room
 
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San Felipe Mexico Off Season
Views: 203 javanomic
InterContinental Hotels Group - The Price is Right
 
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For the largest hotel company in the world, coming up with the right pricing for rooms has been key to maximizing its revenue. But there are many factors in coming up with that right price. At InterContinental Hotels Group, a team of visionaries has developed two industry-leading tools that automates and simplifies the very complicated process.
Views: 2206 WebsEdgeEducation
Length of Stay Pricing [Intermediate]
 
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To read more about pricing models, check out the link below: https://docs.google.com/document/d/1l5846N97PoaShiqZeVWc7FvHvmPnFSnxttlmuZZGyJY/edit?usp=sharing
Design Hotel Rate Plans without a Calculator! MyRatesMagicⓇ
 
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This video demonstrates the creation of a simple hotel pricing structure using the MyRatesMagicⓇ Prototype Rate Plan Designer, Loading Report and Scenario Planning. Hotel occupancy rate calculations are made easy with MyRatesMagicⓇ. VIDEO IS FOR- This video is excellent for hotel owners, hotel managers, reservations officers, front office managers, sales managers, travel agents, tour operators, e-commerce managers, revenue managers, yield managers, internet sales, hotel sales consultants and hotel management companies, wholesalers, OTA's or GDS companies. RJB Systems Ltd can build any cloud software you like and the MyRatesMagicⓇ platform helps you create ANY Hotel Rate Plan in the Cloud and run scenario planning. FEEDBACK & SUBSCRIBE- Please let me know what you think of this video in the comments section below. Don’t forget to Subscribe and ring the bell for the latest video upload alerts. QUESTIONS — Have a question about this video OR Hotel online distribution, Channel Management, Revenue Management, Hotel Booking Engines, Hotel Marketing (Google Adwords, SEO), Website Design and Development, Web Hosting, Hotels, Resorts, Customer Relationship Management, Property Management Systems, Payment Gateways, Reputation Management, Social Media for Hotels, Meta Search, Hotel Competition Prices, Hotel Rates Calculations, Training, Rapid Application Development, speak to me: Richard Bedenham CEO/ Founder | RJB SYSTEMS LIMITED A: 4000, Limassol Cyprus | M: +357 99 155 526 E: [email protected] Site: rjbsystems.co | Brand: myratesmagic.com | Builder: rjbsystems.builder.ai Skype: rbedenham05 | Work Time Zone: GMT +2 (+3 Day Light Savings) Twitter: https://twitter.com/MyRatesMagic Facebook: https://www.facebook.com/myratesmagic/ LinkedIn: https://www.linkedin.com/in/richard-bedenham YouTube: https://www.youtube.com/c/MyRatesMagicbyRichardBedenham Instagram: https://www.instagram.com/myratesmagic_for_hotels/ Anchor: https://anchor.fm/richard-bedenham Blog: https://myratesmagic.com/blog/ DISCLAIMER: This video contains indicative advice. Use in conjunction with professional hotel revenue management and technology consultancy.
What revenue management strategy do you follow www.guestcentric.com
 
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http://www.guestcentric.com New series of workshops on Revenue Management Optimization for independent hotels by GuestCentric Systems. The implementation of a revenue management strategy to maximize revenue and profits is crucial for any hotel. Although revenue management is consider by many a complex business strategy, the basis of it and objectives are very simple: being able to adapt the price of a service or product based on demand, competition, time, market and other factors in order to maximize profits and revenue. The workshop will be hosted by Pedro Gomes Product Manager at GuestCentric Systems and will provide viewers an overview about the fundamentals of Revenue Management. The topics of the workshop are the following: •Introduction to revenue Management •What revenue management strategy do you follow •Choose the pricing strategy that fits you the best The videos will be posted on the following dates: •Introduction to revenue Management part I August 31, 2009 •Introduction to revenue Management part II September 15, 2009 •What revenue management strategy do you follow September 29, 2009 •Choose the pricing strategy that fits you the best October 20, 2009
Views: 7477 GuestCentric
Wolf Magnus Gerstkamp, Pricing strategies 1
 
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Wolf Magnus Gerstkamp, Šveices vieslektors no Les Roches International School of Hotel Management, 10/10/2013.
Hotel pricing
 
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Views: 3 Zhutong Zhutong
PriceGain-Hotels, powering rate intelligence
 
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PriceGain-Hotels significantly empowers your pricing strategy in relation to your immediate competitive set and the trendsetters in your market. About RateGain: RateGain is a technology company dedicated to providing solutions catering to pricing, channel and brand intelligence for customers in the travel and hospitality industry in over 72 countries to streamline their operations in distributions and sales. Since their inception in 2004, their unique expertise in rate intelligence with a focus on competitive rate monitoring, demand forecasting, price sensitivity analysis and price modelling has enabled them to build a global footprint of customers. For more information, please visit: www.rategain.com.
Views: 4216 RateGain
How to do Revenue Management for Hotels?  Improve ADR and Occupancy
 
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Revenue Management Courses can be very expensive, but this is a critical exercise to carry out once a week - or at least once a month - and can have a big impact on your ADR, Occupancy, Revenue and Profits. This exercise is essential for impacting RevPAR, Occupancy, ADR, and other key metrics. When it comes to boutique hotels Yield Management and Revenue Management are fairly similar, so most people use the terms interchangeably. We know they can be quite different in larger hotels and casinos, but in this segment, they are quite similar. Revenue Management Software can be very expensive, but we show you ways to forecast your occupancy and ADR and compare to competitors (Compset), so that you can make informed decisions for your boutique hotel. If you want more information and downloads, go to: https://www.resortincome.com/p/Free-Revenue-Management-Course-Registration
Views: 5017 Resort Income
Improve Hotel Revenue During Low Occupancy Periods
 
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Watch more videos from industry leaders: http://drive.ideas.com/raisingthebar?source=youtube
Duetto Concepts: What is Open Pricing?
 
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Duetto CEO and Co-founder Patrick Bosworth discusses a pricing strategy that allows hotels to yield rooms by room type, flex discounts incrementally and keep all channels open to maximize revenue opportunities. More Revenue Strategy videos: http://www.duettocloud.com/videos Subscribe to the Duetto Digest: http://go.duettocloud.com/digest-signup Request a demo: https://tinyurl.com/yd68u5qv
Views: 2428 DuettoCloud
Tips, ideas and strategies for how to fill hotel rooms
 
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Here is the site I mentioned in the video which helps you fill hotel rooms: http://www.hoteliercircle.co.uk In this video I explain how to fill hotel rooms if you are a manager or an owner of a hotel. For hotel owners and managers, it is typically very difficult to book hotel rooms. In fact, a very big part of their time and effort is spent trying to fill hotel rooms. 20+ free marketing ideas: https://www.youtube.com/watch?v=4JUcT2JhDyM How to find and choose a great domain name: https://www.youtube.com/watch?v=uYhtFnxWlhk User experience tutorial: https://www.youtube.com/watch?v=YHJ3KNJlmWo What is website hosting: https://www.youtube.com/watch?v=HtY76cUHXIo How to create a great marketing strategy: https://www.youtube.com/watch?v=afSInLfp9PM Direct marketing tutorial: https://www.youtube.com/watch?v=cBSkeWGskKc What is a sales funnel, and how to improve your sales funnel: https://www.youtube.com/watch?v=rxQ4fSuvLjw How to sell jewelry: https://www.youtube.com/watch?v=ALrcOq5FD7c How to sell a food product: https://www.youtube.com/watch?v=EFxI9o_P-N8 Seth Godin purple cow - how to get great marketing ideas: https://www.youtube.com/watch?v=s1I9lxOF7j8 What is guest blogging and should you do it: https://www.youtube.com/watch?v=iKtXVrQrYdQ How to create a website or blog: https://www.youtube.com/watch?v=fC28VOKg05s How to do paid search marketing: https://www.youtube.com/watch?v=6WH7BNwPgic How to sell books: https://www.youtube.com/watch?v=jo7TiPhfU_8 Marketing plan template: https://www.youtube.com/watch?v=11f_4qyMTAE How to start a successful blog: https://www.youtube.com/watch?v=5JEEBmNH1j8
Kelly McGuire - Hotel Pricing in a Social World
 
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Kelly McGuire, Vice President Advanced Analytics Wyndham Destination Network discussing themes in her book "Hotel Pricing in a Social World” at HSMAI Region Europe 6th Annual Revenue Optimization Conference, London 10th February 2016. Changes in consumer behaviour, price transparency, industry mergers and acquisitions, and changing economic conditions - building profitable pricing strategies is growingly complex in the midst of all this change. In her book "Hotel Pricing in a Social World” Kelly McGuire addresses these themes amongst others, and assists with building a strategy for adapting and growing in the digital economy. Her book is designed to help today’s revenue manager and Hospitality industry as a whole to survive and thrive in the digital economy, and includes themes such as: - price optimisation - big data - changes revenue management analytics - user generated content’s impact on consumers’ reaction to pricing
Views: 339 HSMAI Channel
Hotel Pricing
 
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Revenue management in the front of the house
Views: 10934 Cecil Hopper
Optimizing distribution channels for independent hotels
 
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Webinar with Travel Tripper and OTA Insight ---- The increasing complexity of the online distribution landscape and the ever-changing behavior of consumers presents new challenges to hotel revenue managers every year, especially for independent hotels. How do you find the optimal channel mix for your hotel? How can you ensure that you're making the most out of each channel? And what data should be driving your decision making? In this webinar, experts from Travel Tripper and OTA Insight will do a deep dive into optimizing the independent hotel’s distribution mix, including important strategies for managing OTA, metasearch, and direct booking channels. You’ll learn about: - Driving bookings more effectively through price monitoring and management - Using smarter analytics to optimize channel performance across OTAs and metasearch sites - Optimizing your website to compete effectively for direct bookings - Developing geographic marketing strategies - The importance of content parity as well as rate parity - Being competitive on metasearch and deciding on budgets, channels, and markets for your property - Developing the right attribution models to measure success
Views: 1660 Travel Tripper
Hotel Pricing: Get calculation results (today)
 
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Hotel Pricing: Get per occupancy calculation results fast!! MyRatesMagicⓇ prototype In this video, you will find a demonstration of the MyRatesMagicⓇ hotels pricing platform prototype. It is a fast, efficient, accurate way to plan and calculate your hotel rate plans in the cloud. Generate per occupancy hotel rates, fact and effectively. It showcases the main features of the MyRatesMagicⓇ pricing platform. Rate Plan Creator Rate Plan Designer Pricing Engine Loading Reports Scenario Planning Get calculation results when change demands it. Removes the risk of hotel recalculation errors getting into your hotel distribution. QUESTION — Have a problem with Hotel Internet sales distribution, hotel technology platforms, revenue management tips and strategy, or Anything Else? Post in the comments section of this video! DISCLAIMER: Any advice of guidance contained in this video is indicative only. It should be used in conjunction with professional hotel technology consultancy advice. About this Video: If you're a hotel manager, reservations officer, front office manager, sales manager, travel agent, tour operator, ecommerce manager or revenue manager and you're looking for a fast and efficient way to calculate hotel rates, this video is for you. Contact Information: MyRatesMagicⓇ is a registered brand of RJB Systems Ltd, Cyprus based company, 4000 Limassol, Cyprus (GMT +2hrs) Mobile: +357 99 155 526 Skype: rbedenham05 Website: https://www.myratesmagic.com E-mail: [email protected] Powered by: https://rjbsystems.builder.ai | Engineer.AI - the Ultimate application developers worldwide. Limited development capacity, contact us today! Connect with me: Twitter: https://twitter.com/MyRatesMagic Facebook: https://www.facebook.com/myratesmagic/ LinkedIn: https://www.linkedin.com/in/richard-bedenham YouTube: https://www.youtube.com/c/MyRatesMagicbyRichardBedenham Instagram: https://www.instagram.com/myratesmagic_for_hotels/ Anchor PodCast: https://anchor.fm/richard-bedenham
Pricing Strategies for National Gallery
 
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Jeidy | Pei Yan | Kristin | Kai En | Max
Views: 101 Jeidy Ng
GroupREV for Hotel Sales Management Pricing Optimization
 
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GroupREV® is a first-of-its-kind system bringing an advanced level of science to group pricing for group revenue optimization. It allows group sales and revenue management teams to very quickly respond to leads and RFPs with intelligent prices that drive conversion rates and increase group revenues.
Views: 1207 The Rainmaker Group
Improving Pricing Decisions with Advanced Market Intelligence -  Part 2
 
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MarketVision® Demand Position is the only competitive market intelligence solution that provides comprehensive insights into the complete future demand for your hotel and competitive set. Demand Position offers unique, forward-looking views of market demand up to one year in advance. Demand Position aggregates, organizes, and calculates various indices to provide forward-looking pace and benchmarking, thus allowing customers to develop marketing and operational strategies based on future property and market demand. Demand Position enables customers to gain an edge over their competition, make better business decisions, and ultimately improve revenue performance.
Views: 1318 rubicongroup
Professional Development Program: Strategic Pricing
 
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The Cornell Hotel School Professional Development Program is a series of three-day courses offered in the summer on the Cornell University campus in Ithaca, New York. The Strategic Pricing for Hotels class will teach you how to leveraging consumer and marketing knowledge to enhance revenue. Participants will learn techniques to increase revenue by better understanding customers and how they make decisions and how to incorporate pricing decisions into the overall strategy of the firm. Find out more on our website at sha.cornell.edu/pdp --------------------------------------------- For more information on our programs, offerings, and culture, engage with us at: Cornell School of Hotel Administration: www.sha.cornell.edu SC Johnson College of Business: www.business.cornell.edu Facebook: https://www.facebook.com/CornellSHA/ Twitter: https://twitter.com/Cornell_SHA Instagram: https://www.instagram.com/cornell_sha/ LinkedIn - www.linkedin.com/company/CornellHotelSchool Email: [email protected]
कैसे खिंचा चला आता है Customer! | 7 Marketing Strategies | Dr Vivek Bindra
 
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In this video Dr Vivek Bindra Talks about 7 Marketing Strategies through which your customer will come to you. To Attend a 4 hour Power Packed “Extreme Motivation & Peak Performance” Seminar of BOUNCE BACK SERIES, Call at +919310144443 or Visit https://bouncebackseries.com/ To attend upcoming LEADERSHIP FUNNEL PROGRAM, Call at +919810544443 or Visit https://vivekbindra.com/upcoming-programs/leadership-funnel-by-vivek-bindra.php Watch the Leadership Funnel Program Testimonial Video, here at https://youtu.be/xNUysc5b0uI Follow our Official Facebook Page at https://facebook.com/DailyMotivationByVivekBindra/ and get updates of recent happenings, events, seminars, blog articles and daily motivation.
Hospitality's Only Revenue Strategy Platform
 
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Duetto no longer only recommends rates. We've developed the hotel industry's first Revenue Strategy platform, connecting multiple departments and technologies with analytics and data-driven decisions at the core. More about Duetto's applications: http://duettocloud.com/products/ Request a Demo: https://tinyurl.com/yd68u5qv More Revenue Strategy videos: http://www.duettocloud.com/videos
Views: 2700 DuettoCloud
Best Hotel Tech Tools, Tips and Strategies for Hotels
 
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Discover how to turbocharge your hotels overall internet sales efficiency and revenue management performance. My channel brings you new videos about the best hotel technology, revenue management tools, tips and strategies. Visit my channel and subscribe and ring the bell for brand new video upload alerts. Happy distributing. VIDEO IS FOR- This video is excellent for hotel owners, hotel managers, reservations officers, front office managers, sales managers, travel agents, tour operators, e-commerce managers, revenue managers, yield managers, internet sales, hotel sales consultants and hotel management companies, wholesalers, OTA or GDS companies. RJB Systems Ltd can build any cloud software you like and the MyRatesMagicⓇ platform helps you create ANY Hotel Rate Plan in the Cloud and run scenario planning. FEEDBACK & SUBSCRIBE- Please let me know what you think of this video in the comments section below. Don’t forget to Subscribe and ring the bell for the latest video upload alerts. QUESTIONS — Have a question about this video OR Hotel online distribution, Channel Management, Revenue Management, Hotel Booking Engines, Hotel Marketing (Google Adwords, SEO), Website Design and Development, Web Hosting, Hotels, Resorts, Customer Relationship Management, Property Management Systems, Payment Gateways, Reputation Management, Social Media for Hotels, Meta Search, Hotel Competition Prices, Hotel Rates Calculations, Training, Rapid Application Development, speak to me: Richard Bedenham CEO/ Founder | RJB SYSTEMS LIMITED A: 4000, Limassol Cyprus | M: +357 99 155 526 E: [email protected] Site: rjbsystems.co | Brand: myratesmagic.com | Builder: rjbsystems.builder.ai Skype: rbedenham05 | Work Time Zone: GMT +2 (+3 Day Light Savings) Twitter: https://twitter.com/MyRatesMagic Facebook: https://www.facebook.com/myratesmagic/ LinkedIn: https://www.linkedin.com/in/richard-bedenham YouTube: https://www.youtube.com/c/MyRatesMagicbyRichardBedenham Instagram: https://www.instagram.com/myratesmagic_for_hotels/ Anchor: https://anchor.fm/richard-bedenham Blog: https://myratesmagic.com/blog/ DISCLAIMER: This video contains indicative advice. Use in conjunction with professional hotel revenue management and technology consultancy.
Hotel Rate Data and Hotel Pricing Structures (2019)
 
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Discover how hotel price structure data quality and pricing structures can make all the difference to your hotel's overall revenue performance. VIDEO IS FOR- This video is excellent for hotel owners, hotel managers, reservations officers, front office managers, sales managers, travel agents, tour operators, e-commerce managers, revenue managers, yield managers, internet sales, hotel sales consultants and hotel management companies, wholesalers, OTA or GDS companies. RJB Systems Ltd can build any cloud software you like, and the MyRatesMagicⓇ platform helps you create ANY Hotel Rate Plan in the Cloud and run scenario planning. FEEDBACK & SUBSCRIBE- Please let me know what you think of this video in the comments section below. Don’t forget to Subscribe and ring the bell for the latest video upload alerts. QUESTIONS — Have a question about this video OR Hotel online distribution, Channel Management, Revenue Management, Hotel Booking Engines, Hotel Marketing (Google Adwords, SEO), Website Design and Development, Web Hosting, Hotels, Resorts, Customer Relationship Management, Property Management Systems, Payment Gateways, Reputation Management, Social Media for Hotels, Meta Search, Hotel Competition Prices, Hotel Rates Calculations, Training, Rapid Application Development, speak to me: Richard Bedenham CEO/ Founder | RJB SYSTEMS LIMITED A: 4000, Limassol Cyprus | M: +357 99 155 526 E: [email protected] Site: rjbsystems.co | Brand: myratesmagic.com | Builder: rjbsystems.builder.ai Skype: rbedenham05 | Work Time Zone: GMT +2 (+3 Day Light Savings) Twitter: https://twitter.com/MyRatesMagic Facebook: https://www.facebook.com/myratesmagic/ LinkedIn: https://www.linkedin.com/in/richard-bedenham YouTube: https://www.youtube.com/c/MyRatesMagicbyRichardBedenham Instagram: https://www.instagram.com/myratesmagic_for_hotels/ Anchor: https://anchor.fm/richard-bedenham Blog: https://myratesmagic.com/blog/ DISCLAIMER: This video contains indicative advice. Use in conjunction with professional hotel revenue management and technology consultancy.
Hotel Digital Marketing: 5 tips on choosing the right agency. (2019)
 
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Hotel Digital Marketing: 5 tips on choosing the right digital marketing agency for your hotel resort or chain. 5 tips for choosing a digital marketing agency for your hospitality property, resort and hotel. We teamed up with Simone Puorto consulting to bring you 5 amazing tips for choosing a hotel digital marketing agency for your property. Discover more about our friends at Simone Puorto Consulting. http://www.simonepuorto.com | email: [email protected] VIDEO IS FOR- This video is excellent for hotel owners, hotel managers, reservations officers, front office managers, sales managers, travel agents, tour operators, e-commerce managers, revenue managers, yield managers, internet sales, hotel sales consultants and hotel management companies, wholesalers, OTA or GDS companies. RJB Systems Ltd can build any cloud software you like, and the MyRatesMagicⓇ platform helps you create ANY Hotel Rate Plan in the Cloud and run pricing scenarios in real time. FEEDBACK & SUBSCRIBE- Please let me know what you think of this video in the comments section below. Don’t forget to Subscribe and ring the bell for the latest video upload alerts. QUESTIONS — Have a question about this video OR Hotel online distribution, Channel Management, Revenue Management, Hotel Booking Engines, Hotel Marketing (Google Adwords, SEO), Website Design and Development, Web Hosting, Hotels, Resorts, Customer Relationship Management, Property Management Systems, Payment Gateways, Reputation Management, Social Media for Hotels, Meta Search, Hotel Competition Prices, Hotel Rates Calculations, Training, Rapid Application Development, speak to me: Richard Bedenham CEO/ Founder | RJB SYSTEMS LIMITED A: 4000, Limassol Cyprus | M: +357 99 155 526 E: [email protected] Site: rjbsystems.co | Brand: myratesmagic.com | Builder: rjbsystems.builder.ai Skype: rbedenham05 | Work Time Zone: GMT +2 (+3 Day Light Savings) Twitter: https://twitter.com/MyRatesMagic Facebook: https://www.facebook.com/myratesmagic/ LinkedIn: https://www.linkedin.com/in/richard-bedenham YouTube: https://www.youtube.com/c/MyRatesMagicbyRichardBedenham Instagram: https://www.instagram.com/myratesmagic_for_hotels/ Anchor: https://anchor.fm/richard-bedenham Blog: https://myratesmagic.com/blog/ DISCLAIMER: This video contains indicative advice. Use in conjunction with professional digital marketing consultancy.
Key Elements of a Winning Hotel Revenue Strategy
 
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Interview with Sergio Zertuche, Chief Sales & Marketing Officer and Diego Fernandez, Corporate Director of Revenue & Distribution - Palladium Hotel discussing the alignment between a hotel's Revenue and Marketing departments. Register for webinar: https://goo.gl/k4VGvv
Views: 852 RateGain
Practical Revenue Example (RevPAR)
 
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ZACH DE GREGORIO, CPA www.WolvesAndFinance.com I’ve found this is a good example because everyone can relate to it. Everyone has been to a hotel. And no matter what industry I have worked in, I find this example very helpful in drawing insights about your revenue strategy. Now the hotel business is interesting, because your inventory is not likely to increase or decrease. The number of rooms you can sell does not change. What you can change is the type of revenue you bring in. So if you go and read an annual financial report for any hotel company, what you will find is their most important metric is called RevPAR (which stands for revenue per available room). So since the number of rooms does not change, we look at how much revenue comes in per available room. So let’s imagine you have a hotel with 1,000 rooms. So it’s a pretty big hotel. There is many different types of travelers you could go after to book your hotel rooms. What you want to target is the type of customer that fits your revenue strategy. Now every hotel is going to be different depending on your property’s strengths and weaknesses. But generally a very attractive type of business for hotels is booking conferences. Think about what a conference does. They are usually once or twice a year, so it is repeat business that will book a large group of rooms in your hotel. This type of business is so attractive that it is a common practice for hotels to give discounted rates for the room block. Now you might think to yourself, if I am giving all these discounts, how am I increasing my revenue per room? Well for starters, conferences usually generate all kinds of other revenue streams for the hotel. But let’s just set that aside for the moment and talk about the rooms. What you have effectively done is shrunk your supply of available rooms to sell. And we all know, with supply and demand, when the supply goes down, you can charge more for the remaining rooms. And we have all experienced this. If you try and book a hotel room in a city where there is some major conference going on, all the room rates go up. But it is more specific than that. You are actually targeting a higher end customer. So travelers come in a whole spectrum of customers from high end to economy travelers. Economy travelers are always looking for a deal and are comparing prices on travel websites. Higher end customers tend to be business travelers who are generally not paying for their own room so they are less price sensitive. So you have this whole spectrum of travelers. Well, if you limit your available rooms, you can target the higher end travelers. What this does is shift the spectrum down and the economy travelers will not want the high prices anyway. So that is where you are making your money, is from charging high prices for your remaining rooms. Not only that, it pushes the economy travelers to your competitors’ hotels. So you are not only generating more revenue, your competitors are generating less revenue. Neither Zach De Gregorio or Wolves and Finance Inc. shall be liable for any damages related to information in this video. It is recommended you contact a CPA in your area for business advice.
Views: 2505 WolvesAndFinance
Hotel software -Revenue Management Software for Smaller Hotels - RoomPriceGenie.com
 
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RoomPriceGenie.com provide revenue management software for smaller hotels. Easy to use and affordable, it is hotel software that can increase your revenue by 10%. Come to our website https:\\roompricegenie.com and take advantage of a free trial. (c) RoomPriceGenie https:\\roompricegenie.com Heartwarming Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/
Views: 726 Ari Andricopoulos
Business Strategy of Starwood Hotels and Resorts
 
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วิดีโอนี้จัดทำขึ้นเพื่อเป็นส่วนหนึ่งของการศึกษาวิชาการจัดการเชิงกลยุทธ์ โดยนิสิตปีที่ 3 ภาควิชาการท่องเที่ยว คณะบริหารธุรกิจ เศรษฐศาสตร์ และการสื่อสาร มหาวิทยาลัยนเรศวร
Views: 1305 im.possible
Automatically Calculate Hotel Rates, NO Calculator!! MyRatesMagicⓇ:
 
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This video demonstrates the creation of a simple hotel pricing structure using the MyRatesMagicⓇ Prototype Rate Plan Designer, Loading Report and Scenario Planning. Hotel occupancy rate calculations are made easy with MyRatesMagicⓇ. VIDEO IS FOR- This video is excellent for hotel owners, hotel managers, reservations officers, front office managers, sales managers, travel agents, tour operators, e-commerce managers, revenue managers, yield managers, internet sales, hotel sales consultants and hotel management companies, wholesalers, OTA or GDS companies. RJB Systems Ltd can build any cloud software you like and the MyRatesMagicⓇ platform helps you create ANY Hotel Rate Plan in the Cloud and run scenario planning. FEEDBACK & SUBSCRIBE- Please let me know what you think of this video in the comments section below. Don’t forget to Subscribe and ring the bell for the latest video upload alerts. QUESTIONS — Have a question about this video OR Hotel online distribution, Channel Management, Revenue Management, Hotel Booking Engines, Hotel Marketing (Google Adwords, SEO), Website Design and Development, Web Hosting, Hotels, Resorts, Customer Relationship Management, Property Management Systems, Payment Gateways, Reputation Management, Social Media for Hotels, Meta Search, Hotel Competition Prices, Hotel Rates Calculations, Training, Rapid Application Development, speak to me: Richard Bedenham CEO/ Founder | RJB SYSTEMS LIMITED A: 4000, Limassol Cyprus | M: +357 99 155 526 E: [email protected] Site: rjbsystems.co | Brand: myratesmagic.com | Builder: rjbsystems.builder.ai Skype: rbedenham05 | Work Time Zone: GMT +2 (+3 Day Light Savings) Twitter: https://twitter.com/MyRatesMagic Facebook: https://www.facebook.com/myratesmagic/ LinkedIn: https://www.linkedin.com/in/richard-bedenham YouTube: https://www.youtube.com/c/MyRatesMagicbyRichardBedenham Instagram: https://www.instagram.com/myratesmagic_for_hotels/ Anchor: https://anchor.fm/richard-bedenham Blog: https://myratesmagic.com/blog/ DISCLAIMER: This video contains indicative advice. Use in conjunction with professional hotel revenue management and technology consultancy.
The Secret to Driving Profitable Hotel Revenue
 
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Learn how two Caribbean hotels embraced integrated Customer Relationship Marketing (iCRM) to double room revenue. Hospitality marketing expert Madigan Pratt, president MP&A Digital & Advertising, presents at HSMAI's Digital Marketing Strategy Conference in February 2016. Find out more at www.madiganpratt.com.
Views: 702 MPA Digital
Transform Your Revenue Strategy
 
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This video explains how Duetto helps transform revenue strategy for hotels and casinos, enabling them to optimize demand and maximize revenue.
Views: 7946 DuettoCloud
Glion Online Certificates | Revenue Management: The Strategy and Tactics of Hotel Room Pricing
 
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Designed to help managers understand how to use price to maximize room revenue, this new course from Glion will provide you with benchmarking tools and techniques you can use to accurately price rooms. You'll learn the basic underlying concepts of room pricing and discover how these concepts can be used to maximize profit in revenue streams across the business. Find out more about Hotel Market Analysis & Valuation online qualification: https://www.glion.edu/product/hotel-market-analysis-valuation/ Discover Glion for yourself and register to attend one of our campus Open Days: http://ms.spr.ly/6056T6GZ6 Interested in studying at Glion? Simply share your details here: http://ms.spr.ly/6057T6GZB and one of our dedicated Education Counselors will be in touch. See more videos like this on our Glioncast YouTube channel: http://ms.spr.ly/6058T6GZ8 Follow Glion * Facebook: http://ms.spr.ly/6059T6GZD * Twitter: http://ms.spr.ly/6050T6GZE * Instagram: http://ms.spr.ly/6051T6GZ1 * LinkedIn: http://ms.spr.ly/6052T6GZG