Impact of Data Analytics on Revenue Management
The hospitality industry is becoming increasingly competitive on a daily basis. Senior Management of hotels look for tools that will help them gain some form of competitive advantage over their rivals. Hotels can no longer ignore the importance of data analytics to achieve the aforementioned competi
Importance of Business Intelligence in Pricing
Business Intelligence (BI) is the process of utilising software and services to transform data into actionable intelligence. This intelligence, in turn, forms the basis of an organisation’s strategic and tactical business decisions. In layman terms, BI helps decision makers to examine data to unde
Importance of Data Quality
There is a very popular phrase: “As you sow, so shall you reap”. This phrase is very relevant to the data analytics and visualisation process in the hotel industry. The accuracy of the data quality used in the analytics process will impact the output and reports generated, which in turn will aff
5 Key Tips for Annual Budget Forecasting
April marks the beginning of the new financial year in India. Revenue Managers across the country will be busy preparing their budgets and making projections for occupancy and revenue growth. Revenue Managers need to focus on these 5 key areas to ensure optimal occupancy and profitability. 1) Budge
Steps in Data Analysis
In today’s digital era deficient data is not a problem. In contrary, there is enough data available to take appropriate decisions. Now the challenge is to use the right data in the right process to draw the right decisions. A better data analysis facilitates an organization to use data in a better
4 Ps of Revenue Management – Pricing
The concept of revenue management involves using analytics to predict consumer behaviour and sell the right product/service at the right price at the right time via the right channel to maximize revenue growth. Similar to the concept of the 7Ps of Marketing Mix, there are 4 key elements of revenue m
4 Ps of Revenue Management – Positioning
In the first part of our 4 part blog series on the key elements of Revenue Management, we had focused on the element of pricing. Pricing is not only the deciding factor for Performance and Profitability but also for determining the value of an asset. Accurately pricing a hotel room based on demand c
4 Ps of Revenue Management – Pace
We have discussed they key elements of Pricing and Positioning in th
4 Ps of Revenue Management – Performance
Revenue Management is a technique to optimize income revenue from a fixed, but perishable inventory. The challenge is to sell the right rooms to the right customer at the right time for the right price. So far we have discussed the key factors of Read More
Improve OTA Listing and Positioning
How to improve my Hotels Listing/Positioning on the OTA platforms? This is one of the most common questions that team Revnomix comes across on an ongoing basis. The business mix share through online channels is growing with tremendous pace and thus its increasing the complications and its becomin

Power of Analytics is core of Revnomix

We use Data Analytics & Business Intelligence to Maximize Hotel Revenues