With our headquarters in Montreal and a strong presence across the province, we are proud to work with several hotels in the provincial capital of Quebec City. The historical city is popular with tourists and locals, offering a range of hotel ...
Blog categorized as Product
06.20.2024 03:00 PM - Comment(s)
My first job working in a hotel was in sales at a hotel in Downtown Ottawa in 2014. I will always remember a conversation I was having with a wholesaler and our revenue manager on October 23rd, 2014. It was the day after the attack on Parliament...
06.18.2024 01:27 PM - Comment(s)
Monsieur Jean is a gorgeous, 78-room, boutique property in the heart of Quebec City. Opening just before the pandemic proved to be a unique challenge. They implemented Rate Yield in the second half of 2023 and immediately saw the impact on their performance. RevPAR nearly doubled every month since t...
05.14.2024 09:15 AM - Comment(s)
Our development team has been busy at Rate Yield! We are excited to announce product enhancements that have been made in recent months and are a testament to our unique value proposition!
Market Place:
The competitive set is a crucial part of Rate Yield’s algorithm. As of March 2024, you c...
03.18.2024 12:09 PM - Comment(s)
Selecting a revenue management system for your hotel is not a simple choice to make. While it may not touch as many departments as a PMS, your RMS will set your hotel’s pricing and ultimately drive your profitability. Here are 5 things you may want to consider when selecting your RMS:
Automatio...
02.29.2024 04:03 PM - Comment(s)
The willingness to pay of consumers depends on their reason for travelling. Are they coming to your destination because it is a major tourist destination, a city with corporate demand or a conference center, or for a particular activity? Having worked with hotels in Mont-Tremblant briefly, I was cur...
02.01.2024 01:39 PM - Comment(s)
When the team at The Laundry Rooms selected Rate Yield as their RMS provider, I was very excited for a few reasons. For one, they would be our first properties in Ontario. They would also be our first Mews property to integrate Rate Yield.
The Laundry Rooms offer an innovative approach to hospi...
01.17.2024 02:12 PM - Comment(s)
Throughout my career within the travel industry, I have learned a lot of things and have modified my own shopping behavior as a result. I’ve also become more aware of the mistakes some of my friends and family make when reserving accommodations for leisure travel. As an example, my best friend was b...
12.20.2023 10:14 AM - Comment(s)
When we think about revenue management, we often think of large cities, overbookings, big box hotels and a competitive marketplace. We don’t typically think of a 44-room inn located in a remote destination. However, Rate Yield sat down with their loyal client, Manoir Belle Plage, to discuss what the...
12.06.2023 02:26 PM - Comment(s)
As any hospitality professional knows, there are 3 main key performance indicators in the hotel industry.
Average Daily Rate (ADR) – the average price a hotel sells its rooms (calculated by dividing the revenue by the number of rooms sold)
Occupancy Rate – the percentage of rooms in ...
11.23.2023 01:27 PM - Comment(s)
