I was recently asked by Longitude hospitality branding company to write a post about revenue management for hotels. You can see the full post on their site by clicking here.
Here is a bullet list of the 6 biggest revenue management mistakes that hotels make:
- They Don’t Even Try
- They Sell Out Before the Day of Arrival
- They Price All of Their Rooms the Same
- They Don’t Go Low Enough During Times of Low-Demand
- They Don’t Look Far Enough Into the Future
- They Don’t Go High Enough During Times of High Demand