Emerging Trends in Hotel Revenue Management: What Hoteliers Need to Know
eZee Absolute » Hotel Revenue Management
by Sulagna Goswami
2w ago
In the ever-competitive world of hospitality, staying ahead can be a real challenge. But hotel revenue management can be your secret wand. It starts with setting prices but grows into a clever mix of data, technology, and understanding what your guests want. Revenue management is about more than just the right pricing. It’s about knowing what guests need, predicting bookings, and adjusting rates to make more revenue. You might think it’s complicated, but trust me it’s not. It’s about knowing your guests and setting the right price to fill your hotel. And don’t worry, there are advanced tools t ..read more
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The Comprehensive Handbook on Hotel Price Monitoring Strategies
eZee Absolute » Hotel Revenue Management
by Sulagna Goswami
2M ago
In today’s dynamic hospitality industry, hotel prices fluctuate constantly, due to seasonality, demand changes, and competitor pricing strategies. For both budget-conscious travelers and savvy hoteliers, staying updated on these pricing dynamics and hotel price monitoring is crucial.  So, let’s start with the basics and delve into– Table of Content Why Hotel Price Monitoring Matters Understanding Hotel Price Dynamics Best Practices for Effective Hotel Price Monitoring Challenges and Limitations Future Trends in Hotel Price Monitoring The Best Hotel Price Monitoring Software: eZee Mint ..read more
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Hotelier’s Guide to Choosing the Right Payment Gateway
eZee Absolute » Hotel Revenue Management
by Antara Das
4M ago
Selecting the right payment gateway for your hotel is not just about processing payments effortlessly, but creating a moment that complements the entire stay. Here’s how—imagine this—a corporate guest wraps up a successful meeting and prepares to check out from your hotel. As he approaches the front desk to settle his account, the last thing you want is a cumbersome payment process overshadowing the quality of their stay. And this is where the right payment gateway can make a difference.  They play a pivotal role in ensuring a smooth, secure, and fast financial transaction. The right choi ..read more
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Effortless E-Invoicing: Simplify Hotel Billing with Saral
eZee Absolute » Hotel Revenue Management
by Sulagna Goswami
7M ago
What is E-Invoicing? In recent years, India has witnessed a significant transformation in its tax administration and compliance procedures. One of the most important processes among them is the introduction of Electronic Invoicing, commonly referred to as E-Invoicing.  E-invoicing is a digital method of generating, sharing, and reporting invoices between businesses and tax authorities. It aims to streamline the invoicing process, enhance transparency, and curb tax evasion.  It promotes compliance by reducing errors and preventing the manipulation of invoices. It enhances the accuracy ..read more
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Strategies for Maximizing Hotel Revenue through Rate Type Management
eZee Absolute » Hotel Revenue Management
by Antara Das
8M ago
Running a hotel is a complex and balancing act: you want to ensure all your rooms are booked and your guests are happy, but how do you set the right prices to make this happen? Well, that’s where “hotel rate types” come into play. They act as the secret ingredient that can help you achieve this fine balance of setting the right price at the right time. Think of rate types as unique pricing strategies tailored to different scenarios and guest segments. They’re like your toolkit for welcoming all sorts of guests, whether it’s during the bustling peak season or the quieter off-season. If you’re n ..read more
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Elevating Hotel Profits: A Deep Dive into Dynamic Pricing
eZee Absolute » Hotel Revenue Management
by Sulagna Goswami
9M ago
I had a friend in school whose name was Arjun. Arjun was just like the rest of us. Messy hair, oversized pants, and a loose shirt with a few buttons missing. (You can picture him right?)  But there was one thing that made Arjun different from us. Whenever he was asked what he wanted to become in life, he would say “Rich” while the rest of us would choose to be a doctor, teacher, or something else.  Arjun’s answer always brought a roll of laughter in our class.  Jump to 2023. I was at a restaurant when I saw Arjun sitting at a table across the room. We jumped in, caught up, and s ..read more
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A Roadmap to Enhanced Hotel Operations: 10 Strategic Insights
eZee Absolute » Hotel Revenue Management
by Sulagna Goswami
9M ago
The hospitality industry is ever-changing. But the one thing that is always constant is the day-to-day operations that define your guest experience. With countless operations starting from housekeeping to revenue management, hoteliering is a hectic task and the essence of perfection is often lost. This is where hotel improvement ideas come in.  Streamlined hotel operations can significantly impact a hotel’s bottom line by enhancing guest retention, attracting positive reviews, and optimizing resource utilization. From the moment a reservation is made to the final farewell, the intricacies ..read more
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Secrets to Boost Your Hotel’s Revenue: Pricing Strategies You Need to Know
eZee Absolute » Hotel Revenue Management
by Vanshika Kaushik
1y ago
I always get thrilled by how much money hospitality leaders or successful businessmen make. No doubt, the exact numbers would be overwhelming. But the efforts that go behind it are no less. To reach such heights in terms of profit or revenue generation one needs to have immense knowledge of the hospitality industry and its marketplace. (As knowledge alone creates all the difference.) This is why every hotel owner puts a lot into serving its guests but only a few get an impressive revenue collection.  Most of the time, this happens because of the fragile pricing strategies hoteliers set up ..read more
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This is How You Can Increase Revenue for Small Hotels [Bonus Tip Inside]
eZee Absolute » Hotel Revenue Management
by Harshajit Sarmah
1y ago
Like any other business, hotels need to generate revenue in order to survive. But with the ever-growing competition, how can small hotels keep up? How can small accommodation providers keep revenue flowing? In this article, I will discuss some sales and marketing strategies to increase revenue for small hotels and stay afloat. Wait, there’s also a bonus. I will also tell you about some revenue-generating ideas for small hotels that don’t include selling rooms. Sounds good? So without further ado, let’s find out how to increase revenue in small hotels and help them thrive! Table of Content Str ..read more
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Pick the Hotel Revenue Management System That Has These Features
eZee Absolute » Hotel Revenue Management
by Harshajit Sarmah
2y ago
Revenue management is the talk of the town in the entire hospitality industry. Accommodation businesses from all around the world are significantly doubling down on it. Not to mention, even I have been a lot more vocal about this sought-after hospitality phenomenon lately. However, there’s still more to cover. Today, this blog is going to be all things hotel revenue management systems. I am not just going to give you an overview, but also help you learn about the features that make it worth it, and how you, a hotelier can pick the right system from the right vendor. Table of Content The Curre ..read more
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