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How Controlling Your Hotel Pricing Could Increase Bookings by 34%
Manage episode 379368144 series 3270221
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Hi, welcome to one of our Expert Insight discussions
This is part 1 of 2 episodes looking at the importance of controlling your Hotel pricing and, more importantly, the impacts of not controlling it.
In both episodes we are joined by Pablo Sanchez from mirai, one of our Expert Partners
In this episode Pablo outlines concisely, how losing control of your pricing could mean hoteliers missing out on a potential 34% increase in bookings.
He shows us how different pricing scenarios feed through to increased visibility, CTR and conversions and, by using booking simulation, Pablo illustrates how this 34% potential increase of bookings could be achieved.
All of these scenarios and simulations are supported by data from their recent survey of 1500 hotel prices formed from 10 million traveller-set date queries.
In part 2 we will look at the broader, Medium to long term Implications of not controlling your Hotel price
But for now, I really hope you enjoy this conversation 👍🏻
👀 If you would like to watch the video of our discussion
Here is the YouTube link: https://youtu.be/U7LxJLRUbls
🗣 Feel free to drop us a line with any questions or comments.
We’re always interested to hear from you and happy to follow up with our guests on any questions.
We are also keen to hear of topics you might like discussed and guests you would like to hear from.
You can reach us at: insights@revenue-hub.com
👣 HOW TO FOLLOW US
LinkedIn: https://www.linkedin.com/company/revenue-hub
Facebook: https://www.facebook.com/revenuehub/
Twitter: https://twitter.com/revenue_hub
YouTube: Subscribe Link
This is part 1 of 2 episodes looking at the importance of controlling your Hotel pricing and, more importantly, the impacts of not controlling it.
In both episodes we are joined by Pablo Sanchez from mirai, one of our Expert Partners
In this episode Pablo outlines concisely, how losing control of your pricing could mean hoteliers missing out on a potential 34% increase in bookings.
He shows us how different pricing scenarios feed through to increased visibility, CTR and conversions and, by using booking simulation, Pablo illustrates how this 34% potential increase of bookings could be achieved.
All of these scenarios and simulations are supported by data from their recent survey of 1500 hotel prices formed from 10 million traveller-set date queries.
In part 2 we will look at the broader, Medium to long term Implications of not controlling your Hotel price
But for now, I really hope you enjoy this conversation 👍🏻
👀 If you would like to watch the video of our discussion
Here is the YouTube link: https://youtu.be/U7LxJLRUbls
🗣 Feel free to drop us a line with any questions or comments.
We’re always interested to hear from you and happy to follow up with our guests on any questions.
We are also keen to hear of topics you might like discussed and guests you would like to hear from.
You can reach us at: insights@revenue-hub.com
👣 HOW TO FOLLOW US
LinkedIn: https://www.linkedin.com/company/revenue-hub
Facebook: https://www.facebook.com/revenuehub/
Twitter: https://twitter.com/revenue_hub
YouTube: Subscribe Link
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