[youtube]http://www.youtube.com/watch?v=e46LJqBoobE[/youtube]

The importance of a correct pricing strategy

A flat rate or dynamic pricing? What would be the best pricing strategy for you?

Welcome back to GuestCentric’s workshop series about Hotel Revenue Management Optimization

The implementation of a revenue management strategy to maximize revenue and profits is crucial for any hotel. Although hotel 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.

We hope that the Hotel Revenue Management Optimization series, helps hoteliers to understand the different pricing/revenue management strategies and decide which one fits their property and sales strategy best.

Stay tuned for the next worshop series with Pedro Gomes about Channel Management.

[youtube]http://www.youtube.com/watch?v=NFdRHefy_tc[/youtube]

What Revenue Management strategy do you follow?

Different types of Hotels may consider to use different types of revenue management. Question is: what’s best for your hotel?

Welcome back to GuestCentric’s workshop series Hotel Revenue Management Optimization.

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.

This video helps hoteliers understand the different pricing/revenue management strategies and decide which one fits their property and sales strategy best.

[youtube]http://www.youtube.com/watch?v=SL_wi5lcmBI[/youtube]

RevPar: The main Key Performance Indicator

Learn why the combination between occupancy and average daily rate should be the main key performance indicator for your hotel.

Welcome back to GuestCentric’s workshop series about Hotel Revenue Management Optimization.

The implementation of a revenue management strategy to maximize revenue and profits is crucial for any hotel. Although hotel 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.

I hope you find this information useful. Stay tuned for more information about:

• What revenue management strategy do you follow September 29, 2009
• Choose the pricing strategy that fits you the best October 20, 2009

[youtube]http://www.youtube.com/watch?v=DH5O4BxLvyY[/youtube]

Welcome to GuestCentric’s workshop series about Hotel Revenue Management Optimization.

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.

I hope you find this information useful. Stay tuned for more:

• 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