New integration with Oracle OPERA Cloud Platform makes it nearly seamless to optimize hotel rates in real time using Rate Yield’s automated revenue management software.
With this new cloud-based solution, hotels will be able to seamlessly manage their pricing strategies while accessing real-time data and insights that are crucial to maximizing their revenue potential.
I love to travel. Over the years I have travelled on my own for business, with friends, with my husband, and with my family. In each of those instances, my travel plans started with what I needed most to make my travel comfortable in keeping with my budget.
The idea of a competitive set is not new. A quick Google search will find you hundreds of definitions and step-by-step guides with a very similar train of thought: look at the quality of the hotel (star rating & reviews), the location, and the facilities (including meeting rooms and on-site services).
Every hotel faces challenges. Whether it be difficulty finding and retaining staff, low demand periods due to seasonality, group wash or managing the business mix, hotel management can be an uphill battle. But small hotels located in large cities face unique challenges as well.