Trends in Revenue Management

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An insight of what we think you should consider before devising your Revenue Strategy by EeRevMax

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Trends in Revenue Management

  1. 1. Trends in Revenue Management You Cannot Afford To Miss 1
  2. 2. Introduction Confidential & Proprietary With increasing costs, keeping up with the latest revenue management trends is the order of the day 2
  3. 3. Let’s get an insight of what we think you should consider before devising your Revenue Strategy Confidential & Proprietary 3
  4. 4. Mobile enabled websites and applications to gain popularity among hoteliers Confidential & Proprietary 4
  5. 5. 2015 28% of all online travel bookings will be made By , about through Smartphone Confidential & Proprietary 5
  6. 6. OTA’s will emerge STRONGER than before Confidential & Proprietary 6
  7. 7. 13.6% Bookings generated by OTAs Rise in OTA bookings (Q3 2013) Confidential & Proprietary 35.5% 7
  8. 8. Search engines, led by Google Hotel Finder, are expected to push more into online travel Confidential & Proprietary 8
  9. 9. 13% Increase in traffic to meta search sites Confidential & Proprietary 9
  10. 10. Technology companies to interface increasingly with one another Confidential & Proprietary 10
  11. 11. » » » » » » Property Management System Central Reservation System Revenue management system Global Distribution System Online Travel Agents Channel Managers All to interface Confidential & Proprietary 11
  12. 12. Monitoring reviews, comments and content across all channels to become more important Confidential & Proprietary 12
  13. 13. 72% consumers trust online reviews as much as personal recommendations 58% of consumers trust a business that has positive online reviews Confidential & Proprietary 13
  14. 14. More investments in SEO and SEM by hotels to leverage the ‘Billboard Effect’ Confidential & Proprietary 14
  15. 15. will be the social network for SEO growth during 2014 – evolving into Google Carousel, local searches and Google Now. Confidential & Proprietary 15
  16. 16. Thank You US Sales Office: eRevMax Inc. 37 North Orange Avenue, Suite 500 Orlando, Florida 32801, U.S.A UK Sales Office: eRevMax Ltd. 28 Leman Street London E18ER, United Kingdom Tel: +1 (321) 251 6559 Fax: +1 (321) 206 8630 E-mail: usa@eevmax.com Tel: +44 (0) 20 7422 7528 Fax: +44 (0) 44 (0) 20 7265 5100 E-mail: uk@erevmax.com Visit us at www.erevmax.com Confidential & Proprietary 16

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