What is RevPAR and How Can Your Hotel Increase It?

What is RevPAR and How Can Your Hotel Increase It

Defining RevPAR and ADR What is RevPAR?  RevPAR (revenue per available room) is the most common measure of success of a hotel’s revenue and marketing strategy. It is actually a very simple measure, and is a better performance indicator than ADR (Average Daily Rate).  How to calculate RevPAR ? It can be calculated using the following RevPAR formula: […]

Why are we offering a hotel technology academy?

RoomPriceGenie Academy Courses

We have put a lot of care and hard work into building RoomPriceGenie (and we hope it shows when you use it). You could call it a labour of love – we listen to customer feedback and really put our hearts into making their experience better and their revenue higher. When the idea of building […]

Are you dynamically changing the price-gaps between your room types?

hotel corridor - price-gaps between your room types?

How much more should a superior room cost than a standard room? How much cheaper should the economy room be? What about the family room? The answer is, of course, that it depends. We know you were probably hoping for a more definitive answer here, but maybe we can ask the right questions to help […]

Revenue Management basics for smaller hotels

Revenue Management basics for smaller hotels - RoomPriceGenie

What is revenue management?  Pioneered by the airline industry in the early 1980s, revenue management is a way of pricing and marketing products that are perishable; in other words, if you don’t sell it tonight, you can’t sell it tomorrow. Revenue management is the process of achieving full financial value for what you offer, but […]

Behavioural Economics and Hotel Revenue Management

behavioural economics

Hotel revenue management is about more than just making the most money for your room tonight We often hear hotels saying that they don’t change their prices because regular customers like the fact that their prices stay the same. Their feeling is that consistency builds loyalty. This is certainly true. To some extent we are […]

8 Digital Marketing Tips for Smaller Hotels

Digital Marketing

I have been privileged in the last week to speak to two experts in the field of digital and social media hotel marketing – Are Morch and Sébastien Félix of Influence Society. Both had a similar, and important messages. In this post, I am looking at what this means for smaller independent hotels. First, with […]

7 Revenue Management Differences Between Smaller and Larger Hotels

Small Hotels Revenue Management

The importance of revenue management Revenue Management is an extremely important subject for all hotels; large and small. The difference between a hotel that carefully manages its revenue and one that does nothing could be as much as 20% of revenue per year. Since most hotel costs are fixed, this means a huge difference in […]

Revenue Management and Hospitality Technology in Switzerland

Switzerland Revenue Management

We were fortunate enough recently to have a project on us carried out by an SBP team from the world renowned Ecole hôtelière de Lausanne. As part of their excellent project, they conducted a study into current practices in revenue management and hotel technology in general. You can download the full, fascinating report below. They […]

Revenue Management Software for Beginners

Simple Revenue Management

At RoomPriceGenie, we speak to a lot of hoteliers. Although they all know that revenue is important (that’s why they are talking to us), often the whole subject is very confusing. So we thought we’d break it down a little and make the world of revenue management software a little more bitesized.  A quick disclaimer […]

Free cancellation – How should you price it and should you even allow it?

Free cancellation How should you price it

Mixed Feelings?! Many small hotel owners have mixed feelings about free cancellation. On one hand, by offering it you are undoubtedly increasing the number of bookings you get. On the other hand, it can mean being left with empty rooms at short notice. Larger hotels have less of a problem with this, as they are […]

Hotel Management Software – How does it all fit together?

animals boxes close up

GDS, CRS, CRM, PMS, RMS, Channel Manager, Booking Engine. Cloud-based, On-site based, yield management, revenue management, rate parity, blah blah blah, RevPAR. If this is what your search for hotel management software has looked like so far, let us try to help to fit it all together. The diagram above shows a simple hotel software […]

Hotel Software – 7 Attributes of a Good Property Management System

Hotel Software ;7 Attributes of a Good Property Management System

Hotel software is a very confusing area if you are trying to work out what is best for your hotel. And there are no easy answers. At RoomPriceGenie.com we don’t sell a property management system (PMS). Instead we make revenue management  software (also known as yield management software) that links into the property management system, […]