No Spoilers’ Post

Today's Revenue Management thought:- What’s your value proposition…… Very seldom is your customer buying from you because of price alone. Clearly your price is an important factor but support, service and of course quality can be equally important. Let your customers know you appreciate their business. Have a profitable week. ✌🏼 N. Hall Consulting 🔔 Ring the bell ➕ Hit "+ Follow" 💬 Leave me a comment 👍 Like this, give it a thumbs up #Hotels #Hospitality #Distribution #RevenueManagement #OutsourcedRevenueManagement #Revenuegrowth #DistributionStrategies #Consultant

Some people think that revenue management and marketing are separate functions in the hotel industry, but that’s a myth. Revenue management and marketing are closely intertwined, and they work together to achieve the same goal: to maximize revenue. Revenue management is the science of setting the optimal price for each room, based on demand, supply, and customer behavior. Marketing is the art of creating and communicating the value proposition of the hotel, and influencing customer perception and preference. Revenue management and marketing need to collaborate and coordinate their strategies, such as pricing, distribution, promotion, and segmentation. By doing so, they can increase their revenue potential, customer satisfaction, and competitive advantage. Revenue management and marketing are not separate, but complementary. . . . "#revenuemanagement #marketing #mythbusters #hotels #hospitality #collaboration #revmerito #linkedin "

Selling #extras on your #directchannel is not just a #revenue opportunity; it is also a means of standing out from the competition and enhancing the customer experience, among other advantages. So why do only some #hotels offer them? The reality is that doing so is part of an eternal battle between #sales and #operations. In this post, Pablo Delgado explains the strategic challenges of selling extras using 8 reasons, 9 tips to simplify your operation and 10 best practices for marketing them successfully. Are you ready to overcome these #challenges and continue to improve the #profitability of your #directsales? #mirai #mirai4hotels #hotels #MiraiBlog #strategy

Today's Revenue Management thought:- This week we’ll discuss the 4 emotions behind price perception - Surprise, Doubt, Justification & Satisfaction Your customers aren't tasked with determining pricing. An ideal price is one that meets acceptance but encounters some initial pushback. Predicting customer reactions to specific prices through direct inquiries is challenging because they themselves are uncertain about their responses. Justification: Customers seek validation for the price through factors like quality, brand reputation, or unique features. If they perceive the value to outweigh the cost, they're more likely to accept it. Have a profitable week. ✌🏼 N. Hall Consulting 🔔 Ring the bell ➕ Hit "+ Follow" 💬 Leave me a comment 👍 Like this, give it a thumbs up #Hotels #Hospitality #Distribution #RevenueManagement #OutsourcedRevenueManagement #Revenuegrowth #Consultant #Hotelgrowth #Coaching #Hotelrevenue #Hoteldistibution #Hoteltech #Hotelmarketing

with these great tips you'll have extra income and good results. TAKE NOTE KNOW OF THAT for a big 2024

Here are the 4 P's of Revenue Management that drive your hotel's revenue forward. 1. Pricing: Set dynamic rates based on demand, competition, and customer segments to maximize revenue while providing value. 2. Parity: Maintain consistent pricing across various platforms to prevent customer confusion and ensure fairness. 3. Promotion: Use targeted offers and packages to attract customers during off-peak periods and encourage spending. 4. Product: Deliver a high-quality guest experience through excellent amenities, service, and cleanliness to drive satisfaction and repeat business. . . . #revgrow360 #teamrevgrow360 #trending #explore #foryou #fyp #revenue #management #revenuemanagement #profit #promotion #5p's

Today's Revenue Management thought:- This week we’ll discuss the 4 emotions behind price perception - Surprise, Doubt, Justification & Satisfaction Your customers aren't tasked with determining pricing. An ideal price is one that meets acceptance but encounters some initial pushback. Predicting customer reactions to specific prices through direct inquiries is challenging because they themselves are uncertain about their responses. Doubt: Doubt creeps in as customers question whether the price aligns with the perceived value. They may wonder if the product justifies the cost or if they can find a better deal elsewhere. Have a profitable week. ✌🏼 N. Hall Consulting 🔔 Ring the bell ➕ Hit "+ Follow" 💬 Leave me a comment 👍 Like this, give it a thumbs up #Hotels #Hospitality #Distribution #RevenueManagement #OutsourcedRevenueManagement #Revenuegrowth #Consultant #Hotelgrowth #Coaching #Hotelrevenue #Hoteldistibution #Hoteltech #Hotelmarketing

Today's Revenue Management thought:- This week we’ll discuss the 4 emotions behind price perception - Surprise, Doubt, Justification & Satisfaction Your customers aren't tasked with determining pricing. An ideal price is one that meets acceptance but encounters some initial pushback. Predicting customer reactions to specific prices through direct inquiries is challenging because they themselves are uncertain about their responses. Doubt: Doubt creeps in as customers question whether the price aligns with the perceived value. They may wonder if the product justifies the cost or if they can find a better deal elsewhere. Have a profitable week. ✌🏼 N. Hall Consulting 🔔 Ring the bell ➕ Hit "+ Follow" 💬 Leave me a comment 👍 Like this, give it a thumbs up #Hotels #Hospitality #Distribution #RevenueManagement #OutsourcedRevenueManagement #Revenuegrowth #Consultant #Hotelgrowth #Coaching #Hotelrevenue #Hoteldistibution #Hoteltech #Hotelmarketing

Here are the 4 P's of Revenue Management that drive your hotel's revenue forward. 1. Pricing: Set dynamic rates based on demand, competition, and customer segments to maximize revenue while providing value. 2. Parity: Maintain consistent pricing across various platforms to prevent customer confusion and ensure fairness. 3. Promotion: Use targeted offers and packages to attract customers during off-peak periods and encourage spending. 4. Product: Deliver a high-quality guest experience through excellent amenities, service, and cleanliness to drive satisfaction and repeat business. . . . #revgrow360 #teamrevgrow360 #trending #explore #foryou #fyp #revenue #management #revenuemanagement #profit #promotion #5p's

Today's Revenue Management thought:- This week we’ll discuss the 4 emotions behind price perception - Surprise, Doubt, Justification & Satisfaction Your customers aren't tasked with determining pricing. An ideal price is one that meets acceptance but encounters some initial pushback. Predicting customer reactions to specific prices through direct inquiries is challenging because they themselves are uncertain about their responses. Justification: Customers seek validation for the price through factors like quality, brand reputation, or unique features. If they perceive the value to outweigh the cost, they're more likely to accept it. Have a profitable week. ✌🏼 N. Hall Consulting 🔔 Ring the bell ➕ Hit "+ Follow" 💬 Leave me a comment 👍 Like this, give it a thumbs up #Hotels #Hospitality #Distribution #RevenueManagement #OutsourcedRevenueManagement #Revenuegrowth #Consultant #Hotelgrowth #Coaching #Hotelrevenue #Hoteldistibution #Hoteltech #Hotelmarketing