Today's Revenue Management thought:-

There are still a huge number of hotels who believe in static pricing……. one wonders why.

Static pricing may be beneficial for a hotel in certain cases, such as when there is no seasonality or when demand is low and stable.

However, static pricing is not necessarily the most beneficial pricing strategy for your hotel.

By leveraging an automated revenue management system, hotels can analyze data to determine the best pricing strategy for their specific market. This will allow you to maximise your revenue potential by adjusting prices based on seasonality, market demand, and other factors.

Furthermore, an automated revenue management system allows you to quickly and easily adjust prices as market demand changes, which can be more beneficial than a static pricing strategy.

Have a profitable week.

✌🏼