Winberg Hospitality cloud-based hotel revenue management software and revenue strategy solutions that deliver powerful insights on pricing and demand. Discover more today. Hotel Revenue Management Software.
A comprehensive suite of hospitality Hotel Revenue Management Software products that help you manage your hotel efficiently and effectively. Hotel Management Software for hoteliers, by Winberg Hospitality. Direct Bookings, Channel Management, Revenue Management and more.
Winberg Hospitality allows vacation rental revenue managers all over the world to streamline their business, whilst taking more bookings and generating higher revenues. Call us for more information 305-788-3213. Winberg Hospitality 1041 NW 122nd Terrace Pembroke Pines, FL 33026 firstname.lastname@example.org
Winberg Hospitality hotel revenue management software and revenue strategy solutions deliver powerful insights on pricing and demand through a cloud-based system. Call us for more information (305) 788-3213.
Don’t let a down market keep you from increasing revenue! We’re
sharing tips for increasing revenue in a down market without dropping
rates! Airbnb may be a great way for property owners to make some
extra income, but we know it has many hotels and other hospitality
specialists worried. Especially if you’re an independent hotel already competing with chains, we know it feels tough.
But don’t lose hope just yet.
Whether it’s to make housing more affordable for those that live
there, or to help out hotels and hospitality industries, we’re seeing more and more restrictions being placed on Airbnb. Also, according to recent studies, Airbnb and hotel chains are coexisting pretty well. So perhaps all the industry talk about Airbnb replacing hotels is just that - talk.
Here, we’re sharing the top 5 ways you can increase revenue, even in a down market!
1. Price By Length Of Stay
This tip to increase revenue adjusts prices according to how long a guest is going to stay at your hotel.
It also takes the date of arrival (is it a popular time of year?) into account when pricing. Guests love this option because it gives them a total price for their
stay, without fluctuating prices night-to-night. Offering them a
package is a great way to let them know they’re getting a great deal.
2. Offer Continuous Pricing
This is a great strategy for hotels that are able to be flexible, as
it calculates rates based on a hotel’s maximum and minimum range.
Basically, it keeps within your marketing rules, while also allowing
you to target your optimal price. It steers clear of rate values that
are created and defined by users.
3. Get On Social Media
Think your hotel can exist and book guests without a Facebook and Instagram account? Think again.
If you’re looking to increase revenue your sales team is the best place to start before you slash your rates.
There are always incentives to sell, but you need to scrutinize how
your salespeople are evaluating group rooms vs. transient business.
Try and mix and match group rates with individual travel, so that
you’re not over-reliant on block rooms to keep you out of the red. Check
out your calendar ahead of time to work on closing any potential gaps
5. Price By The Day
This method to increase revenue charges a different rate for the
individual nights of a stay. Basically, each night’s price is
independent of the others and is affected by factors like popularity,
price sensitivity, and more.
As a bonus? It’s one of our easiest tips to put into place!
You Don’t Have To Lower Your Rates To Increase Revenue!
When you want to increase revenue for your hotel business, it doesn’t mean you have to lower your rates.
Thanks to these 5 tips and tricks, you’re ready to see your profits soar again. For more advice from industry insiders, and to learn even more about
hospitality revenue management, check out our blog and feel free to contact us.
Winberg Hospitality provides revenue management software for the hospitality industry. Selling more rooms is the most important task of the revenue management at a hotel. We efficiently help hotels in this through our revenue management solution.
An accurate forecast isn't just essential for revenue management optimization; success on marketing and sales activities are strictly related to demand analysis.
Revenue manager responsibilities: - Optimize the room revenue - Keep track of developments in the market, monitor appropriate pricing strategy. - Check and adjust pricing and availability - Design and implement revenue reports - Analyzing and advising - Checking online bookings channels, dealing with committees and maintaining a good relationship through close collaboration with the booking sites. - Tap into new markets, create and elaborate arrangements, invent new activities/actions, liaise with existing and previous visitors, all together with the Marketing department.
Winberg Hospitality connects Revenue Management Systems for Hotels, online hotel booking websites and reservation systems to gain real-time rate recommendations. For more information visit www.winberghospitality.com.
Winberg Hospitality let us help highlight your hotel's unique selling features and ensure you're getting the best rates through our hospitality Revenue Management Consulting Services. www.winberghospitality.com
Vacation Rentals Revenue Management can include pricing, product selection, expense reduction, marketing, and fees. But some elements are more important than others. Check here more information www.winberghospitality.com.
Winberg Hospitality provides automated hotel's revenue management and profit optimization software solutions for the multifamily housing and gaming & hospitality industries. Hotel Revenue Management Software USA.
Winberg Hospitality is a Yield Management Hotel provider focused on hotel revenue and channel management. We deliver powerful yet easy-to-use solutions to meet and surpass the challenges of distribution and revenue management consulting. www.winberghospitality.com