Today's Revenue Management thought:-

Business is slowing down…..and will be challenging for the coming months.

I even posted the following yesterday ”The light at the end of the tunnel has been turned off 😎”

One thing hoteliers want to avoid is price wars.

Tighter control over discounts will be necessary to maintain price levels. Avoiding unnecessary discounts, revenue managers should strive to innovate their discount structures by offering upsell, cross-sell, or free services instead of using pure discounting as an incentive.

Have a profitable week.

✌🏼