N. HALL Consulting’s Post

Today's Revenue Management thought:- Don't Use 'Price Sensitivity' as an Excuse ! Here’s why….. Hotel stays are complementary goods, influenced by factors beyond just room rates, challenging the traditional understanding of price sensitivity. Have a profitable week. ✌🏼 N. Hall Consulting 🔔 Ring the bell ➕ Hit "+ Follow" 💬 Leave me a comment 👍 Like this, give it a thumbs up #Hotels #Hospitality #Distribution #RevenueManagement #OutsourcedRevenueManagement #Revenuegrowth #Consultant #Hotelgrowth #Coaching #Hotelrevenue #Hoteldistibution #Hoteltech #Hotelmarketing

Today's Revenue Management thought:- No post today – not due to a lack of ideas, but because it's a public holiday, offering a moment to reflect. Have a profitable week. ✌🏼 N. Hall Consulting 🔔 Ring the bell ➕ Hit "+ Follow" 💬 Leave me a comment 👍 Like this, give it a thumbs up #Hotels #Hospitality #Distribution #RevenueManagement #OutsourcedRevenueManagement #Revenuegrowth #Consultant #Hotelgrowth #Coaching #Hotelrevenue #Hoteldistibution #Hoteltech #Hotelmarketing

Today's Revenue Management thought:- No post today – not due to a lack of ideas, but because it's a public holiday, offering a moment to reflect. Have a profitable week. ✌🏼 N. Hall Consulting 🔔 Ring the bell ➕ Hit "+ Follow" 💬 Leave me a comment 👍 Like this, give it a thumbs up #Hotels #Hospitality #Distribution #RevenueManagement #OutsourcedRevenueManagement #Revenuegrowth #Consultant #Hotelgrowth #Coaching #Hotelrevenue #Hoteldistibution #Hoteltech #Hotelmarketing

Today's Revenue Management thought:- Don't Use 'Price Sensitivity' as an Excuse ! Here’s why….. Price sensitivity in hotels is often oversimplified and can be misleading, leading to ineffective strategies. Have a profitable week. ✌🏼 N. Hall Consulting 🔔 Ring the bell ➕ Hit "+ Follow" 💬 Leave me a comment 👍 Like this, give it a thumbs up #Hotels #Hospitality #Distribution #RevenueManagement #OutsourcedRevenueManagement #Revenuegrowth #Consultant #Hotelgrowth #Coaching #Hotelrevenue #Hoteldistibution #Hoteltech #Hotelmarketing

Today's Revenue Management thought:- Don't Use 'Price Sensitivity' as an Excuse ! Here’s why….. Price sensitivity in hotels is often oversimplified and can be misleading, leading to ineffective strategies. Have a profitable week. ✌🏼 N. Hall Consulting 🔔 Ring the bell ➕ Hit "+ Follow" 💬 Leave me a comment 👍 Like this, give it a thumbs up #Hotels #Hospitality #Distribution #RevenueManagement #OutsourcedRevenueManagement #Revenuegrowth #Consultant #Hotelgrowth #Coaching #Hotelrevenue #Hoteldistibution #Hoteltech #Hotelmarketing

Today's Revenue Management thought:- Is My Hotel Room Pricing Rational? Understanding the Fundamentals of Hotel Room Pricing. Setting the right price for hotel rooms is crucial for maximising revenue and ensuring profitability. Logical pricing involves understanding and integrating various factors that influence demand and market conditions. By understanding market dynamics, accurately calculating costs, and emphasising your value proposition, you can lay the foundation for logical hotel room pricing. Have a profitable week. ✌🏼 N. Hall Consulting 🔔 Ring the bell ➕ Hit "+ Follow" 💬 Leave me a comment 👍 Like this, give it a thumbs up #Hotels #Hospitality #Distribution #RevenueManagement #OutsourcedRevenueManagement #Revenuegrowth #Consultant #Hotelgrowth #Coaching #Hotelrevenue #Hoteldistibution #Hoteltech #Hotelmarketing

Today's Revenue Management thought:- Is My Hotel Room Pricing Rational? Understanding the Fundamentals of Hotel Room Pricing. Setting the right price for hotel rooms is crucial for maximising revenue and ensuring profitability. Logical pricing involves understanding and integrating various factors that influence demand and market conditions. By understanding market dynamics, accurately calculating costs, and emphasising your value proposition, you can lay the foundation for logical hotel room pricing. Have a profitable week. ✌🏼 N. Hall Consulting 🔔 Ring the bell ➕ Hit "+ Follow" 💬 Leave me a comment 👍 Like this, give it a thumbs up #Hotels #Hospitality #Distribution #RevenueManagement #OutsourcedRevenueManagement #Revenuegrowth #Consultant #Hotelgrowth #Coaching #Hotelrevenue #Hoteldistibution #Hoteltech #Hotelmarketing

Today's Revenue Management thought:- Algorithms can calculate demand, but only a human can anticipate desire. Have a profitable week ! ✌🏼 N. HALL Consulting 🔔 Ring the bell ➕ Hit "+ Follow" 💬 Leave me a comment 👍 Like this, give it a thumbs up #Hotels #Hospitality #Distribution #RevenueManagement #OutsourcedRevenueManagement #Revenuegrowth #Consultant #Hotelgrowth #Coaching #Hotelrevenue #Hoteldistibution #Hoteltech #Hotelmarketing

Why is hospitality management so important for your business? According to Sundance College, it's all about creating a welcoming environment that satisfies the needs and desires of guests. "To provide excellent guest experiences, businesses need hospitality managers to oversee daily operations and strategic planning," informs their website. Does your place of business make people feel comfortable and valued? #hospitality #management #hotels #motels #business #customers #guests #customerservice #customersatisfaction #guestexperiences #comfort #value

Today's Revenue Management thought:- The Dilemma of Overbooking. One common practice in revenue management is overbooking, a calculated gamble that assumes some guests will cancel their reservations. While it can boost revenue, overbooking comes with risks. Guest dissatisfaction due to being denied their booked accommodations can tarnish your hotel's reputation. Have a profitable week. ✌🏼 N. Hall Consulting 🔔 Ring the bell ➕ Hit "+ Follow" 💬 Leave me a comment 👍 Like this, give it a thumbs up #Hotels #Hospitality #Distribution #RevenueManagement #OutsourcedRevenueManagement #Revenuegrowth #Consultant #Hotelgrowth #Coaching #Hotelrevenue #Hoteldistibution #Hoteltech #Hotelmarketing