the Future of Hospitality
Cover of the whitepaper Pricing without fear10 pages · PDF

Hotel revenue managementPricing without fear

A hotel revenue management guide: pricing without fear, in 6 lessons from revenue managers, a reservations leader, STR and HSMAI.

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What’s inside

  1. 01The fear is personal: why owner-operators misprice their own hotel

    Owner-operators are emotionally close to their hotel, so they often underprice it and feel every rate change in their own income. Boersma's answer is small, tested steps that build the trust to go further. Tim Boersma, Room Price Genie

  2. 02Occupancy first, ADR second: let demand show when the rate can move

    For independent hotels, Ensel uses occupancy as the test and ADR as the lever: once a room type sells, its rate moves up in small steps. He avoids OTA promotions and urges owners to start forecasting, however roughly. Rogier Ensel, RevGen

  3. 03Look past one number: comp sets, submarkets and the guest behind the data

    Collazo of STR warns against judging a hotel on one number. Put results in the context of the submarket, new supply and your mix, then find out who your guests are and why they come. Isaac J. Collazo, STR (Smith Travel Research)

  4. 04Reservations is a sales desk: sell the right room at a rate that fits the brand

    Ahmed hires reservations agents for their selling skills and judges occupancy only alongside rate, because filling a hotel is easy. The rate also has to match the brand. Moustafa Ahmed, Banyan Tree Dubai

  5. 05Revenue beyond the bed: ancillary income when room rates are stretched

    When room rates cannot rise much further, Torres looks at what else a guest can buy. Hotels earn far less from ancillary revenue than airlines, and closing the gap takes training, technology and incentives. Pablo Torres

  6. 06Open the black box: skills, tools and career paths for commercial teams

    Revenue management has moved from a board of green and red lights to predictive tools, yet many people still see it as a black box. Hicks, who leads HSMAI, argues for broad education and clear paths into commercial roles. Brian Hicks, HSMAI

  • Page from the whitepaper Pricing without fear
  • Page from the whitepaper Pricing without fear
  • Page from the whitepaper Pricing without fear
  • Page from the whitepaper Pricing without fear
“We do not decide the prices. Never. There's only one deciding the price, and that's your end client and your guest.”
Rogier EnselRogier Ensel, RevGen · 1:06:17 in the episode

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