Revenue management

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Revenue management

  1. 1. You Cannot Afford To Miss Trends in Revenue Management 1
  2. 2. Confidential & Proprietary Introduction With increasing costs, keeping up with the latest revenue management trends is the order of the day 2
  3. 3. Confidential & Proprietary Let’s get an insight of what we think you should consider before devising your 3 Revenue Strategy
  4. 4. Confidential & Proprietary 4 Mobile enabled websites and applications to gain popularity among hoteliers
  5. 5. Confidential & Proprietary 5 By 2015, about 28% of all online travel bookings will be made through Smartphone
  6. 6. Confidential & Proprietary OTA’s will emerge STRONGER than before 6
  7. 7. Confidential & Proprietary 7 Bookings generated by OTAs13.6% 35.5%Rise in OTA bookings (Q3 2013)
  8. 8. Confidential & Proprietary Search engines, led by Google Hotel Finder, are expected to push more into online travel 8
  9. 9. Confidential & Proprietary 9 13% Increase in traffic to meta search sites
  10. 10. Confidential & Proprietary Technology companies to interface increasingly with one another 10
  11. 11. Confidential & Proprietary » Property Management System » Central Reservation System » Revenue management system » Global Distribution System » Online Travel Agents » Channel Managers All to interface 11
  12. 12. Confidential & Proprietary Monitoring reviews, comments and content across all channels to become more important 12
  13. 13. Confidential & Proprietary 72% consumers trust online reviews as much as personal recommendations 58% of consumers trust a business that has positive online reviews 13
  14. 14. Confidential & Proprietary 14 More investments in SEO and SEM by hotels to leverage the ‘Billboard Effect’
  15. 15. Confidential & Proprietary 15 will be the social network for SEO growth during 2014 – evolving into Google Carousel, local searches and Google Now.
  16. 16. YouThank UK Sales Office: eRevMax Ltd. 28 Leman Street London E18ER, United Kingdom Tel: +44 (0) 20 7422 7528 Fax: +44 (0) 44 (0) 20 7265 5100 E-mail: uk@erevmax.com US Sales Office: eRevMax Inc. 37 North Orange Avenue, Suite 500 Orlando, Florida 32801, U.S.A Tel: +1 (321) 251 6559 Fax: +1 (321) 206 8630 E-mail: usa@eevmax.com Visit us at www.erevmax.com Confidential & Proprietary 16

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