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Featured Content

8 Tips to Improve Your OTA Conversion Rates

In this blog, we will share 8 Tips to Improve Your OTA Conversion Rates, improving your OTA conversion rate is crucial for your property.

“49 Tips to Supersize Your Revenue”: A Free Guide to Unleash Your Hotel’s Profitability

49 Tips to Supersize Your Revenue: is a free guide designed to unleash your hotel’s profitability, download it for free today.

The RoomPriceGenie Story: An Interview with Ari Andricopoulos, CEO of RoomPriceGenie

Join CEO Ari Andricopoulos as he shares the RoomPriceGenie origin story and evolution through this interesting interview.

Welcome to RoomPriceGenie's Content Library

Your complete resource for all things revenue management.

Guides & E-Books

Free Guide: Hotel Pricing Strategies

Free Guide: Hotel Pricing Strategies Free Download Learn More Unlock …

Guide to capturing more revenue with automated pricing.

Free Guide How to capture more Revenue with Automated Pricing …

Free Book 49 tips to supercharge your revenue

Free book: 49 Tips to Supercharge Your Revenue Keeping up …

Introducing Minimum Stay Restrictions in RoomPriceGenie

At RoomPriceGenie, we’re thrilled to announce the launch of our latest feature: Minimum Length of Stay Restrictions.

Our Latest Revenue Guide Is Out! Learn How to Master Your Hotel’s Overbooking Strategy

Our latest guide breaks down the complexities of overbooking and offers actionable insights. Learn How to Master Your Hotel’s Overbooking Strategy!

Hotel Forecasting: The Secret to Better Pricing and Planning

Our latest guide is out! In this one, we explain the fundamentals of hotel forecasting.

Boost Your Bottom Line with RoomPriceGenie’s New Revenue Management Content Library

We are thrilled to announce the launch of the new RoomPriceGenie Revenue Management Content Library, a free, online learning platform.

Learn the Ins and Outs of Strategic Discounting for Independent Hotels

In our latest guide, we answer crucial questions faced daily by independent hotels: When should you offer discounts, and when is it better to hold your rates?

Learn All About Competitive Pricing in Our Latest Guide

In our new guide, we show you how to identify your competitors, price strategically against them, and capture more revenue and market share.

WebRezPro and RoomPriceGenie Integration Boosts Hotel Revenue

RoomPriceGenie are happy to announce an integration partnership with WebRezPro, the cloud-based property management system for independent lodging operators.

Don’t Miss Our Latest Guide on Hotel Pricing & Distribution

In our most recent guide, we explain the essentials of hotel distribution and pricing for independent hotels. Learn about the following topics and more!

How to Manage Hotel Rate Plans to Win Bookings and Influence Travelers

In Our Latest Guide, We Show You How to Manage Hotel Rate Plans to Win Bookings and Influence Travelers.

Check Out Our Latest Guide: Hotel Room Categories That Sell

In our latest guide, we show you how to manage room descriptions, photos, and pricing to maximize returns on your room inventory.

Revenue Management Essentials for Independent Hotels

In our latest guide, we cut through the noise to provide the essentials every independent hotelier should know about revenue management. Get answers to the following questions and more.

10 Steps to Choose the Right Revenue Management System for Your Hotel

Imagine a dating app that finds the perfect hotel technology match for your hotel—and all you need to do is swipe. We don’t have an app for that, but we did the next best thing to help you find the right Revenue Management System.

A Guide to SEO Best Practices for Motels, Hotels, Campgrounds, and B&Bs

Our partners at Seekom have curated a selection of essential search engine optimisation (SEO) best practices to enhance your website’s performance and visibility among prospective guests.

Rivals or Allies: Do You Need a Revenue Management System If You Already Have a Revenue Manager?

If a revenue manager is already part of your hotel team, you may wonder if there’s even a need for a revenue management system. After all, what will happen to your revenue manager if the machine takes over? Or will it really take over their job?

5 Powerful Ways to use Automated SMS

Let’s delve into why automated SMS is so impactful and explore five powerful ways to incorporate it into your guest communication strategy.

Taylor Swift Case Study: How Madrid Hotels Leveraged RoomPriceGenie During High-Demand Period 

Here's how three properties in Madrid leveraged an automated revenue management solution to boost their revenue by an average of 108% during the Taylor Swift concerts.

RoomPriceGenie’s CEO Ari Andricopoulos Featured in Revfine’s Hospitality Influencers Series

We are excited to announce that CEO and Co-founder, Ari Andricopoulos, has been featured in the Hospitality Influencers series on Revfine–a knowledge platform for the hotel hospitality & travel industry.

Why High Season Is The Perfect Time To Automate Your Pricing With A Revenue Management System

Unpopular opinion: High season is a perfect time to implement a revenue management system like RoomPriceGenie. Here’s why.

Frequently Asked Questions: Mastering Hotel Pricing Strategies to Boost Your Revenue

In a recent webinar, a panel of industry experts from RoomPriceGenie, answered your questions related to hotel pricing strategies to help you increase your revenue and improve occupancy.

The Hotel Owner/Operator’s Essential Guide to Revenue Management

This is the third part of a three-part series that examines the value of revenue management within a hotel's operational structure.

How to integrate technology to deliver more personalized guest experiences

In this article, our integration partner Cloubdeds explores how lodging businesses can utilize technology to deliver personalized guest experiences throughout the guest journey

RoomPriceGenie’s Product Roadmap 2024: greater control and insights for hotels

With our new 2024 Product Roadmap you’ll get a glimpse on upcoming new features and integrations that will help RoomPriceGenie’s clients bring more revenue.

Unlocking Guest Satisfaction: A Front Desk Manager’s Essential Guide to Revenue Management

Unlocking Guest Satisfaction: A Front Desk Manager’s Essential Guide to Revenue Management. This is the second part of a three-part series.

Pricing Strategies & Tips for Independent Hotels

A big challenge with hotel pricing is the factors that affect demand can change frequently. Here are some key pricing strategies to consider.

Hotel Pricing Strategy: Factors to Consider

To price competitively, it’s important to consider how travelers make decisions. Here’s a look at the key hotel pricing strategy factors.

Keep Your Eyes on the Prize: Setting Objectives in Hotel Revenue Management

Here are the four main hotel revenue management objectives hoteliers use to guide decisions along with tracking and measuring success.

Celebrating 2000 hoteliers: RoomPriceGenie hits milestone in growth!

We’re in a celebratory mood and it has nothing to do with sparkles. RoomPriceGenie is now supporting 2000 hoteliers all over the world in increasing their revenues!

Finding the Sweet Spot in Hotel Room Pricing

One of the biggest challenges for independent hotels is trying to decide if you’re making the right hotel room pricing decisions.

The Hotel Manager’s Essential Guide to Revenue Management

This is the first part of a three-part series that examines the value of revenue management from the perspective of different leadership roles within a hotel’s operational structure.

Real-time Surge Protection Feature

RoomPriceGenie is happy to announce our new Real-time Surge Protection feature, which will protect you from selling out too cheap (and missing out on those high-demand opportunities).

6 Tips to Improve Your Service Levels & Boost Revenue

This blog post will explore 6 tips to improve your service levels and, as a result, maximise your overall revenue.

Pricing is Power: Increase your hotel revenue

In this partner blog, SabeeApp talks about how pricing is power and how you can increase your hotel revenue.

8 Tips to Improve Your OTA Conversion Rates

In this blog, we will share 8 Tips to Improve Your OTA Conversion Rates, improving your OTA conversion rate is crucial for your property.

RoomPriceGenie Wins Big in the 2024 HotelTechAwards

RoomPriceGenie is thrilled to announce two significant accomplishments in the prestigious 2024 HotelTechAwards.

“49 Tips to Supersize Your Revenue”: A Free Guide to Unleash Your Hotel’s Profitability

49 Tips to Supersize Your Revenue: is a free guide designed to unleash your hotel’s profitability, download it for free today.

The RoomPriceGenie Story: An Interview with Ari Andricopoulos, CEO of RoomPriceGenie

Join CEO Ari Andricopoulos as he shares the RoomPriceGenie origin story and evolution through this interesting interview.

How to Choose Hotel Pricing Software

Today, hotels that use automated pricing software are at a distinct advantage, but how do you choose the right hotel pricing software?

6 Hotel Pricing Strategies to Boost Revenue

In this blog, RoomPriceGenie discusses 6 Hotel Pricing Strategies to Boost Revenue to help maximize your revenue potential.

5 Revenue Wins for 2024

In this blog, RoomPriceGenie discusses 5 Revenue Wins for 2024 from their recent webinar, discussed by specialists in their field.

Ten Upgraded Integrations with Partners

The newly enhanced integrations enable even more revenue analytics capabilities for hotel clients using both solutions.

The power of integration

In this blog our partner Rezcontrol will discuss the power of integration and why it is important for your hotel PMS.

Automated Pricing for Hotels: Earn More Revenue While You Sleep

In this blog we will focus on how you can earn more revenue while you sleep by using automated pricing for your hotel.

How Do I Know RoomPriceGenie Is Working During the Two-Week Free Trial (& Beyond)?

In this blog we will focus on how you can identify if the RoomPriceGenie two-week free trial is working for your hotel.

Dynamic Pricing for Independent Hotels: The Secret to Capturing More Revenue

In this blog we will focus on the secret to capturing more revenue through dynamic pricing for independent hotels.

Myths About Revenue Management Technology

In this blog we will focus on the five commonly held myths about revenue management technology and why you don't need to worry.

How to structure your rate structure?

A good rate structure needs to be straightforward, uncluttered and manageable. In this blog, we focus on setting up a rate structure in the PMS system, as this is one of the core building blocks for running a profitable hotel.

10 tips to maximize visibility and drive bookings online

The blog will discuss key channels and optimization strategies to help lodging operators increase their online bookings and drive more bookings and be more profitable.

Explore a Redesigned RoomPriceGenie

It’s cleaner, more intuitive, and easier than ever to use and love.

ZHAW study on the effect of dynamic pricing

A study by ZHAW School of Management and Law confirms the positive impact for hotels using RoomPriceGenie's Automated Pricing Solution

Ten key qualities to look for in a Channel Manager

Whether you run a hotel, B&B, or holiday rental, maximising bookings and occupancy rates is a top priority. Strong online visibility across multiple Online Travel Agencies (OTAs) and metasearch platforms is crucial.

10 Tips to Simplify Shopping for an RMS

Here are ten tips to help you figure out which RMS is the best one for your hotel.

RoomPriceGenie Expands into the Americas with Two New Hires

With the addition of Hannah and Iara, RoomPriceGenie is poised to become a major player globally and will have the opportunity to help even more independent hoteliers achieve save time and boost occupancy and profitability.  

Five things to consider when switching your PMS (property management system)

In the hospitality business, we all rely on a hotel PMS to assist with day-to-day operations. However, when they sometimes stop improving, systems need to be updated.

Do Smaller, Independent Hotels Need an Automated Revenue Management Solution (RMS)?

No matter the size or type of hotel, if you …

8 Powerful Pricing Strategies to Increase Your Hotel Revenue

Hotel Revenue Management is a three-letter maxim that keeps hotels, B&B's and hostels afloat during challenging times in the hospitality industry.

Yield Management vs Revenue Management: what is the difference between a Yield Management system and a Revenue Management system?

As hotel pricing experts, we get asked lots of questions. But one question comes back very often: what is the difference between yield management and a revenue management system?

Automated Revenue Management: The Best Way to Maximize Hotel Revenue in Uncertain Times

Right now, all hotels – but especially smaller, independent properties – are facing a never-before-seen set of challenges; from supply chain issues, to inflation, to rising energy costs, to the ongoing staffing crisis, it is a very difficult time to operate a hotel.

Top 5 Tips to Maximise Your Revenue

Running any accommodation business is a lot of work, and amidst all things to do, hoteliers typically always put their guests first. Other tasks, like the rooms’ pricing, are often secondary considerations.

Independent Hotel Show Amsterdam 2023

The Independent Hotel Show is the only industry event dedicated …

Hotel Operations Weekend 2022

Meet leading players and talent from all facets of the …

Cornwall Hotelier Forum 2022

Brace yourselves for an exciting time at Profitroom’s inaugural Hoteliers …

Independent Hotel Show London 2022

The Independent Hotel Show is the only industry event dedicated …

Hotelnext.io & RoomPriceGenie – powering the hotel of the future

Each hotel is free to decide which of the offered partial solutions it would like to use for itself – because not every digital gadget is suitable for every business.

Intuitive dynamic pricing for hotels

In 5 years, most hotels will have dynamic pricing. This may seem like a bold statement, but to us at RoomPriceGenie, we see every day in our work how necessary it is. But getting prices right wasn’t always so straightforward. And this is why we created Intuitive Dynamic Pricing.

RoomPriceGenie and Typsy: Empowering hoteliers worldwide

Typsy provides online education to individuals, businesses, schools, associations, and governments globally to help people develop their skills and build their credentials.

RoomPriceGenie Rebrands as Growth Hits All-Time-High

RoomPriceGenie, makers of the most intuitive automated pricing software for independent hotels, are launching our new look. Our website and general appearance will have a new style and feel, and we thought we would explain why.

Case Study – Exactly How Much Extra Revenue Does a Revenue Management System Make?

When customers speak to us for the first time about our automated pricing, they often have the same question. It is something like “how much extra revenue will I make?” – and often they are sceptical about the difference that automation can give them

18 months pricing is available now – RoomPriceGenie

One of the most common feature requests we have had has been to make pricing further out than one year. People are often booking well in advance, and good pricing should be available for this too.

Google’s latest hotel ads changes: the winners and losers

Just this week we had some exciting news that now Google Hotel Ads will always show some of the Google Free Links on the front page of Google Hotels. The best part is that it is FREE.

9 things we’ve learned by doing pricing for hundreds of smaller hotels

Running a hotel is a lot of work. And pricing is often a secondary consideration, with the guest experience coming first. Sadly, the people who give so much energy to the guests may be missing out on many profit opportunities.

High Level Software and RoomPriceGenie announce global partnership

High Level Software and RoomPriceGenie announce global partnership to enable …

Eviivo and RoomPriceGenie announce global partnership

Best-in-class software companies partner to integrate automated pricing suite feature …

Your hotel’s prices are probably too low!

We often find that the hotels we set up are not, in our opinion, charging enough for their rooms. Especially now, in a post-corona period, when everything is uncertain, many hotels choose to sell low rather than sell their rooms for a good deal.

The 10 Best Revenue Management Software Providers and Which One is Right For Your Hotel

Revenue management software is the hottest topic in hotel technology these days. But although everyone is talking about it, not many people have it. A recent Skift report showed that only around 5-10% of hotels are using software and theses are almost exclusively large chains.

What is RevPAR and How Can Your Hotel Increase It?

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).

The Benefits of Having Cloud-Based Hotel Management Software

Cloud-based software is perhaps one of the leading changes within the hotel industry over the past decade. Through offering hotel owners safe and reliable means of running their property, the cloud presents a huge opportunity compared to the older on-premise systems.

Everything back to normal? What hoteliers need to know about Pricing in 2022

At RoomPriceGenie we love data. It enables better decision-making, and it helps us to understand and react to changes in the situation. We feel very lucky to have been given access to the data of our wonderful PMS partner, RoomRaccoon.

Raising your room prices with inflation

Inflation is one of those things that can creep up on you. Can you really notice a one or two percent average rise in the cost of things you buy? Some things go up, some things go down. But it all adds up.

Revenue Management with Reconline

Reconline PMS is web-based reservation solution for small to medium-sized …

Travel tech innovators RoomPriceGenie bring in US$ 2.2m

24 August 2021 (Steinhausen, CH / Mannheim, DE) – The Swiss / German technology startup continues on its success path and has now brought on board additional investors to speed up the international roll-out of their innovative pricing automation solution.

Why are we offering a hotel technology academy?

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

Revenue Management with Semper

Semper is a comprehensive Property Management System that is easy …

Implementing your revenue management strategies when using an RMS

We always say that a perfect pricing strategy is a combination of human and machine. The human role is to set up the strategy, rate policy and expertise in a context that the machine doesn’t have. The computer then does all the calculations to get perfect pricing.

RoomPriceGenie and Seekom – a partnership case-study from New Zealand

The back-story Three or four years ago, Seekom, an established …

Revenue Management with Guesty

Guesty is a property management platform used by property managers …

Are you dynamically changing the 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.

Revenue Management basics for smaller hotels

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.

The Importance of Hotel Positioning in Building Your Hotel Brand

When people think of branding, they maybe think that means getting a good logo. But is this all there is to it? Absolutely not! And it is extremely important in determining the success of your hotel.

RoomPriceGenie and RoomRaccoon – a match made in room heaven

The life of a hotelier has never been easy. But …

How to Not Lose Money using OTA Discounts!

If you want to see a small-hotel owner get frustrated very quickly, a sure-fire way of getting them into that state is to ask them about their experiences with Online Travel Agency (Booking.com and Expedia.com – OTAs for short) discounts.

It’s time for a man-and-machine team in revenue management

Guest post by Gianluca Marongiu, from our partner Swiss Hospitality Solutions who offer a high level of revenue management consulting, outsourcing and education.

Who is your hotel’s competitive set?

Defining your competitive set (comp set) as a hotel has long been seen as an important part of revenue management. Many hotels look to keep a certain pricing gap with their competitors.

Replacing BookingSuite’s RateIntelligence: alternative solutions for independent hotels 

As you may already know, RateIntelligence, the free rate-shopping tool by Booking.com’s BookingSuite, will, unfortunately, be discontinued on 30 November 2020.

Revenue Management Systems and the Recovery from Corona – Will Pricing be Accurate?

Data is the future! Data will help you make better decisions! Data’s so great! It is better than humans! Data this! Data that! As my kids would say “If you love data so much, why don’t you just marry it?”.

5 Ways to Stay Productive and Prepare Your Hotel for Life After Lockdown

There really isn’t any way to put a gloss on what is happening at the moment. However, it is always good to think of the positives and make the best of the situation.

What can Independent Hotels do to Lower The Impact of Coronavirus?

The COVID-19 Coronavirus has already had a large impact on the hotel industry and brought with it a huge amount of uncertainty. The first priority at this time is obviously the safety of guests and staff. But the economic impacts are never far from everyone’s mind.

Behavioural Economics and Hotel Revenue Management

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.

Marvin Talking About Hotel Technology (In Iceland)

At RoomPriceGenie we LOVE co-founder Marvin’s presentations. And it’s not just us – we get a lot of great feedback too. And now, thanks to the wonders of modern technology, you too can experience the joy!

What is Revenue Optimization?

Put simply, revenue optimisation means setting the best possible price for your hotel rooms based on the information available. It means determining not just a good price, but the best price.

The Next Generation of Hotel Technology

We love our partners and we’re pretty sure they’re relatively fond of us too. Fortunately, we were given the opportunity to have a chat with some of our friends over at the recent World Travel Market (WTM) expo in London and bring to you the faces behind the next generation of hotel technology.

Ask The Experts #4 – Decision Making Technology with Scott Dahl

On this instalment of our ‘Ask The Experts’ series, we were fortunate enough to sit down with Director of Master’s at Les Roches Global Hospitality and all-round hospitality/revenue management guru, Scott Dahl.

Revenue Management Software with SiteMinder

SiteMinder is a simple and effective guest acquisition platform that …

Revenue Management with Seekom

Seekom is a cloud-based Property Management System (PMS) offering you …

Revenue Management Software with Protel

Protel is your go-to Property Management System (PMS) for single …

Revenue Management with Mews

Mews is an innovative Property Management System (PMS) that specializes …

Revenue Management Software with Little Hotelier

Little Hotelier is your all-in-one Property Management and Channel Management …

Revenue Management with Hotel Spider

Hotel Spider, a Swiss channel manager, strives to meet all …

Revenue Management with Guestline

Guestline is a Property Management System (PMS) dedicated to giving …

Next-Generation Hotel Revenue Management with Clock and RoomPriceGenie

Clock is a cloud-based Property Management System (PMS) specialising in …

Revenue Management with Booking.com

Revenue Management Software company, RoomPriceGenie now offers a one-way integration …

Smaller Hotel Revenue Management With Booking Factory and RoomPriceGenie

Booking Factory is your one-stop shop Property Management System (PMS) …

Vacation Rental and Apartment Revenue Management with Booking Automation

Booking Automation is a go-to for all your property management …

Vacation Rental and Hotel Revenue Management with Beds24

Beds24 is a powerful cloud-based Property Management System designed with …

Displacement Cost

Displacement cost refers to the revenue potential lost, or displaced, …

Advanced Method Forecast or Linear Method

FC (Advanced) = OTB + PU (exp.) PU (exp.) = …

Historic Method Forecast

FC (historic) = (RN(Y-1) + RN(Y-2) + RN(Y-3) / numbers …

Combined Method Forecast

Pick up last year (PULY) FC = OTB + PU …

Business on the Books (OTB)

OTB = On The Books;  BOB = Business On Books …

Lead Time

At a hotel, the time taken between when a customer …

Revenue Market Share (RMS)

Revenue market share is the percentage of revenue one hotel …

Actual Market Share (AMS)

Actual market share is the percentage of your hotels number …

Fair Market Share (FMS)

Fair Market Share is an indication that a hotel’s overall …

Break Even Point (BEP) – In Unit and Revenue

Break Even Point (BEP) / Room Nights (RN) The break–even point (BEP) …

Ask The Experts #1 – Customer Journey with Chris from Mews

RoomPriceGenie recently took a little bit of a field trip over to London for the World Travel Market (WTM). We took the opportunity to chat with some of our partners about what kind of hospitality technology they would recommend for a smaller sized hotel.

Ask The Experts #2 – Hotel Technology with Nik at Clock Software

It’s time for another ‘Ask The Experts’ where we have a chat with some of our partners about the hotel technology they would recommend for smaller sized hotels.

Ask The Experts #3 – Maximising Revenue with James from SiteMinder

It’s time for another ‘Ask The Experts’ where we have a chat with some of our partners about the hotel technology they would recommend for smaller sized hotels.

RoomPriceGenie and Beds24 – a serviced apartment dream team

"Thanks to the seamless integration between Beds24 and RoomPriceGenie price optimization across all sales channels is fully automated so our customers save time and resources”.

Is It Better To Have a Revenue Manager or Revenue Management Software?

The robots are coming! They’re taking over! No job is safe! That’s the hype we keep hearing, and revenue-management software companies definitely want you to believe that a computer is better than a human. But is it true?

8 Digital Marketing Tips for Smaller Hotels

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.

7 Revenue Management Differences Between Smaller and Larger Hotels

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.

Wholesale – Transient Sub-segment

A discounted room rate packaged with outside travel and/or car …

Value-Based Pricing

A pricing philosophy where the seller considers both current market …

Unconstrained demand

The level of demand that exists for a product without …

Transient – Market Segment

Transient guests are one of the major market segments an …

Tour group/Wholesalers – Group Sub-segment

A negotiated rate for a block of rooms associated with …

Stay controls

A set of criteria utilized to filter potential bookings in …

SMERF – Group Sub-segment

A negotiated rate for a block of rooms associated with …

Shadow price

A product of liner programming, the shadow price is the …

Room Block

A portion of a hotel’s inventory of rooms set aside …

Revenue per Available Room (RevPAR)

Revenue Per Available Room (RevPAR) is perhaps the most reliable …

Revenue Management

Revenue Management is often defined as selling the right product, …

Revenue Generation Index (RGI, RevPAR Index)

Revenue Generation Index (RGI) is a means of measuring your …

Return on Investment (ROI)

An metric to evaluate the quality of an investment, calculation: …

Retail – Transient Sub-segment

A market positioned, seasonally priced room rate for transient business. …

Regrets

Potential reservations for which the hotel has the product or …

Rate parity

A rate strategy which offers the same rate with the …

Rate fences

Logical, rational rules or restrictions that are designed to allow …

Qualified – Transient Sub-segment

A rate that requires the customer to be associated with …

Profit

Revenue minus expenses.

Pick-Up Forecast

A forecast based on the current ROH (or ROH plus …

Pick-Up

The number of requests or reservations received between two dates, …

Perishable inventory

Services that cannot be produced and stockpiled (inventoried) before consumption: …

Overbooking

The practice of selling more rooms than the total hotel …

Occupancy Forecast

A forecast developed based on projected arrivals and length of …

Occupancy

A metric indicating the percentage of utilization of hotel rooms. …

Non-yieldable rates

Those rates which, due to existing agreements already in place, …

Negotiated – Transient Sub-segment

A rate negotiated with special (typically corporate) accounts. Identification with …

Multiplier effect

The impact that multiple night stays and ancilary revenues have …

Minimum length of stay

Imposes a strict limit on the minimum number of nights …

Maximum length of stay

Imposes a strict limit on the maximum number of nights …

Market Segmentation

Market segmentation is firstly the acknowledgement that not all customers …

Market Penetration Index (MPI, OCC Index)

Your Market Penetration Index (MPI) is a unit of measurement …

Mean Absolute Percentage Error (MAPE)

The Mean Absolute Percentage Error of your hotel is a …

Mean Absolute Deviation (MAD)

Your Mean Absolute Deviation (MAD) is used as a measurement …

Lost business

The business that considered the subject hotel, but in the …

Linear programming

A method to achieve the single, best outcome (such as …

Inelastic demand

Exists for a specific product is when changing the price …

Incremental Demand

The remaining requests between “today” and the arrival date.

Group wash

The difference between the CONTRACTED and BLOCKED rooms for a …

Group Displacement Model

An opportunity costs analysis, measuring profitability with and without a …

Group – Market Segment

A major market segment, consisting of blocks of rooms of …

Government – Group Sub-segment

A negotiated rate for a block of rooms associated with …

GOPPAR

A metric indicating the profit yield of a hotel for …

Forecast

A calculation or estimate of future events, especially coming weather …

Elastic demand

Exists for a product when changing the price has a …

Discount – Transient Sub-segment

A rate open to the general public (non-qualified) where the …

Denials

Potential reservations that the hotel is not able to accommodate …

Demand unconstraining

The process of using direct observation and statistical techniques to …

Demand Control Chart

Utilizes a forecasted occupancy and strategy threshold rules to determine …

Cut-Off Date

The contracted date that any unsold rooms in the block …

Cost-Based Pricing

A pricing philosophy where the rate is determined based on …

Corporate – Group Sub-segment

A negotiated rate for a block of rooms associated with …

Competition-Based Pricing

A pricing philosophy where the rate is determined using competitors’ …

Closed to arrivals

Imposes a strict block on all potential reservations for arrival …

Capacity controls

A set of criteria utilized to filter potential bookings in …

Booking Curves

A graphical representation of the cumulative bookings for a target …

Booking Curve Forecast

A “glance” forecast based on comparing the current pick-up to …

Booked to capacity

The most severe stay restriction, it blocks all potential reservations …

Bid price

A simple method (via linear programming) for determining which rate …

Barrier to entry

The existence of high startup costs or other obstacles that …

Average Rate Index (ARI, ADR Index)

Average Rate Index is a measure of how your hotel’s …

Average Daily Rate (ADR)

Average Daily Rate (ADR) is a common metric used to …

Attrition

Attrition is the clause in a contract that requires a …

Association/Convention – Group Sub-segment

A set, pre-negotiated rate for a block of rooms to …

Revenue Management and Hospitality Technology in Switzerland

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.

5 Reasons Why Serviced Apartments and Vacation Rentals Should Be Using Revenue Management

The world of revenue management has come a long way from its airline beginnings. With new developments and technology, what was once reserved for the multi-million dollar airline companies and huge hotel chains, is now available to managers of even the smallest serviced apartments.

How Revenue Management and RoomPriceGenie Can Help Small Hotel Chains

The expansive and ever-growing hospitality industry has made way for an increasingly dynamic market. From a one-room Airbnb apartment to multi-billion dollar hotel chains, the industry is putting increased demand on its technology to meet its varied needs.

Revenue Management Software for Beginners

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.

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

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.

How many different rates should you offer? Science says 3! – Yield Management for smaller hotels

Some clients want breakfast, some don’t. Others value free cancellation, others don’t. Some clients are very price sensitive, some are more value sensitive and some just want the best.

How To Improve Your Website and Encourage More Direct Bookings

Your website is the face of your hotel to the outside world. It can be a make or break when it comes to customers booking direct. Studies show that as many as 80% of travelers book their holidays online...

Hotel Management Software – How does it all fit together?

GDS, CRS, CRM, PMS, RMS, Channel Manager, Booking Engine. Cloud-based, On-site based, yield management, revenue management, rate parity, blah blah blah, RevPAR.

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 we don’t sell a property management system (PMS).

6 Important KPIs That Go Beyond RevPAR

RevPAR is probably the most common measure of hotel performance. But is it always the best? Or the most suitable? In our latest guest post, David Eisen from HotStats discusses a few of the other Key Performance Indicators (KPIs) that you could use instead.

See what return on investment you could experience with RoomPriceGenie

Tools, Courses & Certifications

Academy

RoomPriceGenie Academy Get full access to our Revenue Management Courses, …

Return On Investment Calculator

Return on Investment Calculator Are you considering buying RoomPriceGenie Revenue …

10 Steps to Choose the Right Revenue Management System for Your Hotel

10 tips to choose the right Revenue Management System for …

Course Sections

Video Icon 15342Welcome to the RoomPriceGenie Academy
Video Icon 15342Why Hotel Technology
Video Icon 15342Common mistakes
Video Icon 15342Basics of Revenue Management
Video Icon 15342Why is Revenue Management important?
Video Icon 15342Strategy vs. Tactics
Video Icon 15342Prediction and Optimization
Video Icon 15342Demo RoomPriceGenie
quiz Icon 2809198Self-Check: Basics of Revenue Management Systems
Video Icon 15342 Weekly and Seasonal Cycles
Video Icon 15342 Charging Too Little
Video Icon 15342 OTA Discounts
Video Icon 15342 Room & Rate Structure
Video Icon 15342 Gaps between Rooms
Video Icon 15342 Upgrades
Video Icon 15342 Minimum Stays
quiz Icon 2809198 Self-Check: Revenue Management
Video Icon 15342 Branding
Video Icon 15342 Direct Bookings
Video Icon 15342 Website
Video Icon 15342 OTA Profile
Video Icon 15342 Content Marketing
Video Icon 15342 Online Touchpoints
Video Icon 15342 Review Management
quiz Icon 2809198 Self-Check: Digital Hotel Marketing
Video Icon 15342Cloud PMS
Video Icon 15342Distribution
Video Icon 15342OTA Handling
Video Icon 15342Upselling and Cross-Selling
Video Icon 15342Meta-Sites
Video Icon 15342Benchmarking
quiz Icon 2809198Self-Check: Cloud Technology, Distribution and More
Video Icon 15342 Video Series: Advanced Revenue Management with Scott Dahl
Video Icon 15342 Video Series: Direct Bookings (CRO) with Thea Prpic
Video Icon 15342 Video Series: Google My Business with Thea Prpic
Video Icon 15342 Video Series:  Channel Management with Elisha Schopping
Video Icon 15342 Video Series:  Reading an STR report with Scott Dahl
Checklist Icon 3899219Checklist: System
Checklist Icon 3899219Checklist: Set Pricing – Annual
Checklist Icon 3899219Checklist: Set Pricing – Daily / Weekly Basis
Checklist Icon 3899219Checklist: OTA Online Presence
Checklist Icon 3899219Checklist: OTA Managment
Checklist Icon 3899219Checklist: Guest Experience
Checklist Icon 3899219Checklist: Website

10 tips to choose the right Revenue Management System for your hotel

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Glossary A-Z

Forecast

A forecast is a very valuable tool for revenue managers and hoteliers, as it is ...

Market Segmentation

Market segmentation in hotel revenue management is the practice of splitting a h...

Pick-Up

Pick-up is an important metric which shows hoteliers the number of rooms that ha...

Return on Investment (ROI)

A metric to evaluate the quality of an investment, calculation: The owner’s inve...

Revenue Management

Revenue management is the practice of analyzing and predicting consumer demand t...
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Webinar – Work less, earn more: Tips from hotelier to hotelier

Webinar Work less, earn more: Tips from hotelier to hotelier …

What guests want: Optimize revenue and sales with reputation management and dynamic pricing

Webinar What guests want: Optimize revenue and sales with reputation …

Increase revenue with the right hotel pricing strategies – APAC / NA

Webinar Increase revenue with the right hotel pricing strategies Watch …

Increase revenue with the right hotel pricing strategies

Webinar Increase revenue with the right hotel pricing strategies Watch …

5 Revenue Wins for 2024

Webinar Five Revenue Wins for 2024 December 5th, 2023 16:00 …

Optimizing Hotel Revenue with RoomPriceGenie

RoomPriceGenie "Who Are We": In Conversation with Thomas Landen

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Product Roadmap - 2023

Discover what RoomPriceGenie had planned for 2023. Learn about new features and our product priorities.

Product Roadmap - 2024

Discover what RoomPriceGenie has in store for 2024. Learn about upcoming new features and our product priorities.