Pricing for Profit in the Hotel Industry: Empowering Pricing Managers for Greater Bottom-line Impact with Improved Market Price Intelligence

  • Source: Lixto Inc.
  • Written By:
  • Published:
  • (Originally Published On:) )
Competitive pricing, and its impact on revenue, is a mainstay of marketing in the highly-competitive hotel industry. The real-time nature of the Internet means that sales, pricing, and revenue managers must abandon inward-looking cost-plus pricing models in favor of more rigorous outward-focused knowledge-based strategies. A system that provides market intelligence data creates important advantages for pricing managers.

Featured Software Research:

11 Criteria for Selecting the Best ERP System Replacement

An enterprise resource planning (ERP) system is your information backbone, reaching into all areas of your business and value chain. That’s why replacing it can open unlimited business opportunities. The cornerstone of this effort is finding the right partner. And since your long-term business strategy will shape your selection, it’s critical that your ERP provider be part of your vision. Read More

Reduce the Risk of Network and Application Performance Issues

More than ever before, the IT network is a strategic asset to a business, and any downtime or degradation in network or application performance can directly impact an organization’s bottom line. This white paper looks at a methodology for solving network and application performance issues and outlines a new approach to getting to their root causes more quickly. Read More

The Ultimate Guide to E-commerce on Salesforce1

This white paper looks at the strong technical foundation that the Salesforce1 Platform offers for e-Commerce initiatives. It examines Apttus E-Commerce, which is built on the Salesforce1 Platform and provides enterprises immediate access to innovative, comprehensive e-commerce functionality. Find out how you can accelerate pricing, quoting, and sales processes, use price configuration as a strategic advantage, optimize deals, and more. Read More

You may also be interested in these related documents:

Pricing for Profit in the Consumer Products Industry: Empowering Pricing Managers for Greater Bottom-Line Impact with Improved Market Price Intelligence

Rapidly changing market dynamics in the consumer products industries mean price management is critical to a positive bottom line. This white paper examines the evolving role of the pricing and revenue manager and how the field of market price intelligence is powering a new era of price management. With pricing intelligence, today’s pricing managers are able to make highly-responsive decisions based on sound data analysis. Read More

Reducing Costs with Efficient Operations: A Fast Track to More Working Capital

  • Source: SAP
  • Written By:
  • Published:
Untamed costs can deplete the precious working capital that’s critical to your ongoing operations. But, you can get a handle on costs by taking steps to improve operational efficiency. By instituting efficient automated processes, you can reduce waste, unnecessary overtime, and many other cost factors. Find out how an integrated business system can help you improve gross margins while offering more competitive prices. Read More

Pricing and Revenue Optimization: A Manufacturing Perspective

  • Source: SAP
  • Written By:
  • Published:
Pricing and revenue optimization is the process of improving business margins by either increasing unit prices or increasing gross revenues. This type of optimization is fast being recognized as having the capability to help businesses grow margins significantly. In fact, studies have shown that it can add a 15 to 50 percent incremental margin to the bottom line. Read More
 
comments powered by Disqus