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Hotels devote large portions of their revenue management strategies around developing and implementing the right pricing structure for their property and market. But establishing the…
In today’s world of innovative technology, it’s interesting to think about the automated outputs of our industry’s revenue management systems. In fact, a recent conversation…
There’s a popular television game show called “Wheel of Fortune” that features enthusiastic contestants solving word puzzles by guessing one alphabet letter at a time.…
Public pricing rates are the lowest non-restricted rate bookable by all guests and they impact revenue management in numerous ways. Arguably the most important is…
What do you do when you need a new pair of shoes? The answer likely varies depending on your age. Older generations will visit a…
Step back in time for a moment to your middle-school chemistry class. Many kids are familiar with a classic experiment that combines vinegar and baking…
Effective demand forecasting can feel almost magical in the way it’s able to examine past behaviors in order to predict future ones. It’s not magic,…
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