Blogs

8 Key Revenue Management Strategies every Revenue Manager must perform.

March 06, 2021

1) Understanding the Market
2) Segmentation and Price Optimisation
3) Work Closely With Other Departments such as Sales & marketing team, digital Team .......

Hospitality Minds

Why is Forecasting important in Revenue Management ?

February 23, 2021

Before we talk about forecasting in revenue management we need to know what is revenue management and why it is important.Revenue management refers to the strategic distribution and pricing tactics you use to sell your property’s perishable inventory to the right guests at the right time, to boost revenue growth ...

Hospitality Minds

4 Revenue Management Strategy to look for.

February 18, 2021

4 Ways to Balance between Revenue Management and Sales .Often times sales and revenue Management teams, fail to connect due to conflicting goals. Revenue Management wants to drive average daily rate (ADR) and gets frustrated with sales ...

Hospitality Minds

5 essential components of Hotel RMS

January 29, 2020

ACCURACY & HIGHER MARGINS Rather than relying on human error-prone manual methods, a scientific approach uses statistical algorithms to effortlessly perform the computations necessary to develop optimal pricing and revenue management decisions ...

Revenue Management Tips by Pawan Sahani

December 20, 2019

5 Ways to Balance between Revenue Management and Sales 1) Keep Your eye on the Goal : - Often times sales and revenue Management teams, fail to connect due to conflicting goals. Revenue Management wants to drive average daily rate (ADR) and gets frustrated with sales...

Hospitality Minds

Social Media Hacks

September 12, 2019

SOCIAL MEDIA MARKETING Social media marketing is the process of gaining website traffic or attention through social media sites. Your customers are already interacting with brands through social media, and if you're not speaking directly to your audience through social platforms ...

Hospitality Minds

5 KEY COMPONENTS TO AN EFFECTIVE REVENUE & PROFIT STRATEGY- Hospitality Minds

April 23, 2019

Looking to increase revenue in 2019? Get in line. The desire to generate more revenue is nothing new to hoteliers, but the journey toward higher revenues and greater profitability requires hotels to take a more holistic approach; one that implements technology that leverages data from ...

Hospitality Minds

HOW TO GROW HOTEL BUSINESS - Hospitality Minds

April 16, 2019

Everyone is planning to grow their hotel business but there are many obstacles to grow business in hospitality industry. And this time, we've got just the right tips for you to have your way around the industry. The hospitality industry is the one which is ever evolving ...

Hospitality Minds

ONLINE REPUTATION MANAGEMENT- Hospitality Minds

August 17, 2018

Strategies and Tactics for Online Reputation Management Across all segments of the hotel and hospitality industry, online reputation has become one of the most powerful drivers of revenue and growth. Whether you’re managing a boutique resort with a dozen rooms or an ...

Hospitality Minds

STRATEGIES TO DEVELOP A WEBSITE- Hospitality Minds

August 11, 2018

STRATEGIES TO DEVELOP A WEBSITE Since its popularisation, back in the 90's, the Internet has come a long way. In the last 25 years, websites have changed dramatically and these changes have also generated new dynamics of personal and professional interactions, influencing ...

How Revenue Management Looks in 2022?

December 21, 2021

It’s easy to say that all hotel disciplines have changed tremendously in the past 18 months. The industry has been pushed to new limits and has responded with courage and creativity. An important part of the revenue discipline is focused on price. Revenue management is ‘selling the right product, to the right guest at the right price at the right time’. In the current climate are we focusing too much on the right price and not enough on the product, guest, and time?

Hospitality Minds

Importance of SEO in Hospitality Industry

December 28, 2021

Hotels that prioritise SEO are going to have a steep advantage when it comes to being found online by prospective guests or event planners. Some of the key benefits by Hospitality Minds a digital marketing and a top leading revenue management company include...

Hospitality Minds

Professional Digital Marketing Need and Importance

6th January 2022

With the growth of technology, it’s not only safe but also crucial that you have an effective Internet marketing plan in place. Internet marketing helps you continue to grow your business...

Hospitality Minds

Build your E-commerce Website

18th January 2022

We Hospitality Minds, is a Digital Marketing and top leading Revenue Management company and Hotel Marketing Company in India...

Hospitality Minds

What is the role of Marketing in the Hotel Industry?

07th April 2022

In any organisation, marketing strategy is critical to establish a brand, attracting new customers, and retaining existing clients. Because tourism accounts for the majority of the hospitality industry, a consistent brand identity is extremely critical...

Hospitality Minds

Marketing trends for Hotels in 2022

20th April 2022

Marketers are no strangers to change. Consumer preferences have always changed, forcing marketers to adapt. The most significant change in the last decade...

Hospitality Minds

Channel manager

30th May 2022

A channel manager is a software tool that enables achieving multichannel inventory distribution with instant updates of prices and availability. In other words, it allows you to simultaneously sell your inventory across several websites and provide customers with actual information on prices and a property occupancy.

Hospitality Minds