Let's dive into how revenue management can increase revenue for your hotel. When you speak to a revenue management software company, they all tell you the same story: "Work with us because your room revenue will increase by up to 25%." And, while this is actually true of RevControl 😉, you might still be sceptical.
Have you ever heard the story of the hotelier who swore by the pricing strategy of "I want my prices to always be x percent below my biggest competitor"?
At RevControl, we've encountered variations of this strategy from time to time. While discussions about revenue management always pique our interest, this particular strategy doesn't quite align with our philosophy. Want to know why not? Allow me to delve deeper into this topic.
We are excited to announce our new integration with Cloudbeds! With the seamless integration of Cloudbeds and RevControl, even more hoteliers can make revenue management easy.
Revenue management is a crucial component of the hospitality industry. In this blog post, we’ll explain what revenue management entails and how it can help your hotel, hostel, or holiday park grow.