Blog categorized as Product

L’Uni Appart Hôtel in Quebec City offers guests to the provincial capital with full-service apartments for short term rentals. With a unique product offering and limited historical data to use to determine pricing, Rate Yield was selected as the RMS because of the flexibility in determining pricing ...

02.18.2025 03:39 PM - Comment(s)

Hotel Bonaparte, a gorgeous, 37-room boutique hotel in the heart of Old Montreal has been using Rate Yield since June 2023. In a market like Old Montreal, where a majority of the hotel offering are boutique, independent properties, competitive pricing and real-time market dynamics are crucial for ho...

12.12.2024 10:56 AM - Comment(s)

Riôtel Percé, an 80-room hotel & suites located by the sea in Gaspésie has been using Rate Yield for revenue optimization since 2020. This seasonal property is open from May to October each year with the peak months being July and August when occupancy rates are above 90%. 

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12.09.2024 12:55 PM - Comment(s)

        The three main KPIs for hotels are Average Daily Rate, Occupancy, and Revenue per Available Room. We talk about these until we are blue in the face. It’s typically assumed that everyone wants all three of these KPIs to be as high as possible. However, depen...

10.15.2024 01:15 PM - Comment(s)

            My first hotel job after graduating university was as a sales manager at an independent property. I worked on the tour & travel market as well as the SMERF market. After my contract had ended in that role, I moved on to work as a...

10.10.2024 01:46 PM - Comment(s)

When was the last time you booked a hotel room? Did you book a flexible rate or a non-refundable? When was the last time you canceled a hotel reservation? How much notice did you give? Were you able to get refunded? 

As a hotelier, there are a number of reasons why a non-refundable rate would be...

09.11.2024 04:51 PM - Comment(s)

        Each year during budget season hoteliers try to predict what the future holds and anticipate what expenses they will incur to hit revenue and profit targets. With so much uncertainty, there is one thing that you can count on: an RMS is a strategic investmen...

08.28.2024 10:24 AM - Comment(s)

Changing Property Management Systems is a large undertaking for any hotel. It requires cooperation from different stakeholders internally and externally and if something isn’t done correctly it can have a huge impact on the bottom line.

With the shift from server-based softwares to cloud-based softwa...

08.12.2024 04:43 PM - Comment(s)

        The way we manage competitive sets is probably my favorite part about Rate Yield and my favorite topic of conversation as a business development professional. In all aspects of business, defining and understanding your competition is of utmost priority. In ...

08.07.2024 01:06 PM - Comment(s)

Special events come in all shapes and sizes. Whether it is an annual event that takes place in the same city, one that moves to different cities and dates, one that spans several nights or one that has multiple recurrences in a short time period, Revenue Managers around the world are working to maxi...

07.24.2024 12:10 PM - Comment(s)