Blog by Rikki Cavanagh

            I like to say that you have as many different competitive sets as you have clients. Most hotels think of their few comp sets, usually one to three predefined lists of hotels. I was so proud when I joined Rate Yield because we can set...

The owner of Mango Sunset BnB Inn at Lyman Kona Coffee Farms has been using Rate Yield for her other property in Quebec City for several years now and seeing great results. As such, it was only natural that we would want to try out Rate Yield on the 6-room property on the Big Island in Hawaii, and M...

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...

        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...

            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...

        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...

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...

        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 ...