How to capture more revenue with automated pricing
This guide – written explicitly for the independent hotelier – will explain the concept, strategies and benefits of automated hotel pricing. We’ll show you why automated pricing is the secret to capturing more bookings, higher room rates, and more revenue every day, even while you sleep. That is if you have time for sleep.
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Contents
1. Earn More Revenue While You Sleep
2. How Competitive Is Your Pricing?
3. Dynamic Pricing: Aligning Rates with Market Demand
4. Obstacles to Dynamic Pricing
5. Automated Pricing: A Game Changer
6. How Does Automated Pricing Work?
7. Benefits of Automated Pricing
8. Pricing Strategies to Boost Performance
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Earn More Revenue While You Sleep
Managing pricing is one of the biggest challenges for hotels. Are you charging enough for your rooms? Are you missing out on bookings? Why did the hotel across the street increase its rates – what do they know that you don’t?
Today, hotels change prices frequently in response to shifts in demand, sometimes up to several times per day. And travelers are perfectly fine with it. In fact, they expect it. The problem is owners and operators of smaller, independent properties are too busy taking care of other aspects of their business to constantly monitor market conditions. As a result, their pricing is often out of sync with other properties in their area, and they miss out on revenue opportunities.
Fortunately, there’s a solution: automated pricing.
In this guide, we’ll explain everything you need to know about automated pricing, whether you own a boutique hotel, inn, or hostel, manage a small hotel group, or oversee a collection of vacation rentals.
We’ll show you why automated pricing is the secret to capturing more bookings, higher room rates, and more revenue all day, every day, even while you sleep. That is if you have time for sleep.
Contents
1. Earn More Revenue While You Sleep
2. How Competitive Is Your Pricing?
3. Dynamic Pricing: Aligning Rates with Market Demand
4. Obstacles to Dynamic Pricing
5. Automated Pricing: A Game Changer
6. How Does Automated Pricing Work?
7. Benefits of Automated Pricing
8. Pricing Strategies to Boost Performance
