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What is Revenue Management?
What is revenue management and why does it matter so much to hospitality brands? Essentially, it’s a data-driven approach to anticipating demand and adjusting pricing and distribution, in order to…
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20 Revenue Management Tips for Hotels
Revenue management within the hospitality industry involves predicting consumer demand to optimize sales, allowing businesses to sell at the right price to the right customer at the right time. In…
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Dalhousie Castle Hotel to undergo £5 million renovation
Reading Time: 2 minutes UK: Dalhousie Castle Hotel (Dalhousie), Scotland’s oldest inhabited castle, is set to undergo a renovation under new ownership. Dalhousie, the 800-year-old property located along the River…
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Top Tips to Keep Hotel Revenue Management Teams Trained and Updated
“Certainly, leveraging advanced Revenue Management Systems (RMS) is essential for modern revenue management practices. These systems facilitate predictive analytics and provide real-time updates, significantly reducing the time spent on manual…
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Consumers plan to tighten their restaurant spending this summer
This article was written by Saladplate. Click here to read the original article There are several consumer signals flashing red right now, indicating that Americans are feeling pessimistic about the…
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The Insights & Misconceptions of Social Selling in Hospitality
“Social selling is a modern sales technique that leverages social media platforms to build relationships, engage directly with potential clients, and enhance sales performance. Gone are the days of cringey…
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How Can Hotels Manage Last-Minute Bookings?
PRABHASH BHATNAGAR Jul 24, 2015 The earlier blogs focused on Google’s first two stages of the travel; dreaming and researching. These are the stages where your travelers have heard about…
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