Hotel Revenue & Management Blog

What is the meaning/definition of Early Bird Discount in the hospitality industry? Hotels can increase advanced bookings by offering something called an Early Bird Discount. This is a type of promotion that many hotels across the world use to increase revenue. It is also popular with consumers, who always like to get a special rate when booking rooms or taking [...]

What is the meaning / definition of E-commerce in the hospitality industry? E-commerce is also known as Electronic Commerce (or EC). It refers to commercial transactions conducted electronically on Internet. It means basically any form of business transaction in which the parties interact electronically rather than by physical exchanges or direct physical contact. There is a wide range of online [...]

What is the meaning / definition of Dynamic Pricing in the hospitality industry? A rate offered on online travel agencies sites, that allows hotels to boost sales by selling a certain amount of hotel nights for the price of less hotel night(s). An example of this is the flash sale of a hotel booking for 4 nights for the price [...]