Month: June 2014

Revenue Management series: 5 reasons NOT to follow your competitors’ prices

In our continuing Revenue Management series, RoomKeyPMS partner iRates explains why following your competitors’ price is not an ideal pricing strategy. Another misconception that is still prevalent among hotels of all sizes and star ratings is that in order to be priced accurately, one needs to follow their competitors’ rates. Unfortunately, this point of view is also

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The 3 Biggest Myths About Occupancy

Imagine a 100 room property called the Vista Hotel. This hotel caters to mid-market travellers and offers the basics that guests expect from a hotel without providing many additional amenities. The manager of the Vista Hotel, Linda, follows one of the hospitality industry’s oldest kernels of wisdom—heads in beds equals success. Linda is somewhat savvy

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