by Lybra Team | Dec 6, 2023 | Hotel Management
In a hospitality industry marked by fierce competition and evolving consumer preferences, dynamic pricing has emerged as an indispensable strategy for success. This nuanced pricing approach, characterized by its responsiveness to market dynamics, plays a crucial role...
by Lybra Team | Jun 9, 2023 | Hotel Management
In the rapidly evolving hospitality industry, dynamic pricing has emerged as an indispensable component of a successful hotel revenue management strategy. The benefits of dynamic pricing are clear – it allows hotels to adjust their rates separately for every...
by Lybra Team | Apr 28, 2023 | Hotel Management
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 well-defined pricing strategy is vital for the success of any hotel...
by Lybra Team | Apr 17, 2023 | Hotel Management
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 should understand is rate parity. This article will delve into...
by Lybra Team | Mar 20, 2023 | News
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 product or service to changes in its price. In other words, it helps...