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REVENUE MANAGEMENT
How Horange Phuket Town Went From 9% to 82% Occupancy in Its First Three Months
47% of Horange's bookings arrive within three days of check-in, and 61% are single-night stays.
Reliable rates from opening: The hotel opened with no historical booking data to base prices on. The goal was to set reliable rates from day one anyway.
Pricing on own demand: Early rates relied on what competitors were charging. The goal was to switch to pricing based on the hotel’s own demand once that became clear.
Automate daily rate changes: The team was adjusting rates by hand every day. The goal was to automate those changes so they could focus on strategy.
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