Revenue Management is used to sell the right unit to the right customer, at the right price, at the right time. Hotels face important decisions regarding when to sell, to whom to sell and for how much to sell. By controlling inventory, price and duration of stay, the hotel can maximize its revenue.
Moreover, data collection in terms of demand, competition, pricing and inventory, as well as market segmentation and market-based pricing are essential steps to maximizing profit. Understanding customers perception of product value and accurately aligning prices, can be crucial in today's competitive market.
At Hotelising we specialize in achieving long-term revenue goals. Our forecasting mechanisms help us determine appropriate capacity when demand is uncertain and maximize expected revenue when there are uncertain levels of demand. We use data-driven tactics and strategy to increase sales and grow revenue.
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