Blog
The Impact of Revenue Management Systems on Enhancing Guest Experience in Hotels
In the cut-throat arena of the hotel industry, the defining metric of success isn't just revenue—it's guest satisfaction. Guests today are discerning, value-driven consumers who demand seamless...
The Power of Revenue Gap Analysis in Hotel Revenue Management: Spotlight on Lybra Assistant RMS
In the dynamic world of the hotel industry, optimizing revenue is a critical objective. This entails the continuous monitoring of various factors such as room rates, guest preferences, and booking...
Hotel Direct Bookings vs. Hotel Bookings from OTAs: A Comprehensive Analysis of Pros and Cons for Hoteliers
The hospitality industry has experienced significant transformations in recent years, particularly in the way hotel bookings are made. Online travel agencies (OTAs) have gained popularity as a...
Turkey Recovers After Earthquake: Tourist Demand Surpasses Beginning-of-Year Volumes
Turkey suffered a severe blow on February 6th when a series of earthquakes greatly impacted the country. In particular, the tourism sector, which had seen significant growth in recent years,...
A Guide to Peak, Middle-Season, and Off-Peak Pricing Strategies for Hotels
The hotel industry is characterized by continuous change and intense competition, making it imperative for hoteliers to develop a deep understanding of market dynamics and customer preferences. A...
What Is Hotel Rate Parity and Why It Is Important
In today's highly competitive hospitality industry, hoteliers must be strategic about their pricing to attract guests and generate revenue. One crucial concept that hotel owners and revenue managers...
CodeOne PMS and Lybra Assistant RMS Integrate: Simplifying Management for Campsites and Tourist Villages
We are excited to announce the integration of CodeOne Property Management System (PMS) with Lybra Assistant Revenue Management System (RMS). This partnership brings together two powerful tools,...
How to create a budget for your hotel and why budgeting is important
Creating a budget for your hotel is a crucial step in managing a successful hospitality business. An accurate and well-planned budget allows hoteliers to monitor revenues and expenses, optimize...
Offer Segmentation for Hotels: How to Increase Revenue and Guest Satisfaction
What is Offer Segmentation in the Hotel Industry? Offer segmentation is a marketing strategy used by hotels to tailor their services and promotions to different customer segments based on their...
Price Elasticity in the Hotel Industry: Affecting Factors and Tools for Forecasting and Management
Introduction to price elasticity in the hotel industry Price elasticity is an essential KPI for any business, and the hotel industry is no exception. It measures the responsiveness of demand for a...
