Liam Brown
Pricepoint is the most accurate hospitality revenue management automation software with PMS integration and real-time dynamic pricing. Book a free trial!
Address: 4530 Melrose Avenue, H4A 2S9 Montreal, QC, Canada
Contact us: 1-514-742-6806
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Liam Brown
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In the age of peak convenience, with bookings made minutes before the event, dynamic pricing comes in handy to improve hotel revenue, guarantee maximum occupancy and help regulate the right price for every season. Your lowest cost will be determined by• The price below which the revenue would be lower than the expense to accommodate the customer • The lowest price that upholds the brand image of the hotel. By analysing the previous year, you can determine a price that is not too low and not too high • Keep in mind that holidays have different optimal prices that the days before or after them. Decide your highest price• In seasons of high bookings, like holidays, the highest price will be used to keep sales open, because of possible cancellations, and this price will help sale of cancelled rooms. Maintaining the Pricing system • Look at the online reviews to gauge if the room prices have been reasonable, and the algorithm is working fine.
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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? While it might seem intuitive to raise prices as occupancy increases, is occupancy the only factor to consider when setting prices? Just as people can be polite or rude, hardworking or lazy, hotels have characteristics that inform pricing decisions. 🟢Length of Stay (LOS): What’s the typical length of stay for different market segments? Their AI-based pricing recommendation tool helps suggest the optimal price to maximize RevPAR and profitability.
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Selecting the Right Revenue Management Software is Crucial. Consider these Five Factors:🔵𝐈𝐝𝐞𝐧𝐭𝐢𝐟𝐲 𝐘𝐨𝐮𝐫 𝐍𝐞𝐞𝐝𝐬: Look for Software that aligns with your Revenue Strategy, Incorporating Forecasting Tools and Budget-Building Functionalities. 🔵𝐅𝐥𝐞𝐱𝐢𝐛𝐥𝐞 𝐔𝐩𝐝𝐚𝐭𝐞𝐬: Ensure the Software allows for On-Demand Optimization, Enabling Instant Rate Updates. 🔵𝐌𝐨𝐝𝐞𝐫𝐧 𝐌𝐞𝐭𝐡𝐨𝐝 𝐨𝐫 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲: Opt for Software powered by Cutting-Edge Algorithms, Especially Crucial in Volatile Markets with Rapidly Changing Trends. Precium is an Automated Hotel Room Pricing Recommendation & Competitor Hotel Rate Shopping Software.
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FlightsLogic provides Dynamic Hotel Mapping, Hotel Booking System to travel agencies, tour operators, and travel management companies all over the globe. The Dynamic Hotel Mapping Methodology collects all unique hotel data for hoteliers from many sources such as Hotel Extranet, Channel Manager, and XML/API and helps them to incorporate this hotel data into their website to reduce duplicate registration of hotels. FlightsLogic offers an advanced real-time hotel mapping system to display the distribution network and unique hotel inventory across various providers. This hotel mapping strategy is the best tool for hoteliers to map hotel content and avoid booking the wrong hotel. In general, hotel mapping refers to handling such details as:· Property Name,· Contact Information,· Address,· Zip Code,· Descriptions,· Geo-Location,· Policies, Etc.
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Dynamic Hotel Mapping Displays The Best Hotel Rates On The WebsiteDynamic Hotel Mapping assembles all exclusive hotel data from multiple sources of Hotel Extranet, Channel Manager, and XML/API for hoteliers and grant them to integrate this hotel data into their website to avoid duplicate entry of hotels. This hotel mapping is the best tool for hoteliers to exactly map hotel content and prohibits the booking of the wrong hotel. there are many benefits of Dynamic Hotel Mapping. What is hotel mapping? Generally, hotel mapping refers to handling such details as:Contact informationAddress,ZIP code,General description,Geo-location,Policies, etc.
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In the bustling landscape of hospitality, Axis Hotel emerges as a stylish haven, beckoning travelers with its unique blend of sophistication and comfort. Exploring Axis Hotel LocationsOne of the key attractions of Axis Hotel is its strategic locations, carefully chosen to offer guests easy access to prime destinations. The Axis Hotel AdvantageWhat sets Hotel Axis apart is its unwavering commitment to delivering exceptional service. Whether you're seeking a lavish urban escape or a tranquil retreat, Axis Hotel awaits, ready to redefine your perception of hospitality. ConclusionIn the tapestry of luxury hospitality, Axis Hotel stands as a masterpiece, weaving together elegance, accessibility, and unparalleled service.
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