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REVENUE MANAGEMENT
Suites Success for Crystalbrook Collection
Crystalbrook Collection uses Open Pricing to not only optimize rates during high-demand periods but to also drive buy-up into higher room categories on low-demand periods by decreasing discounts.
Increase rates: Crystalbrook Collection is using Open Pricing to optimize rates during high-demand periods.
Boost upsells: The company also uses Open Pricing to drive buy-up into higher room categories on low-demand periods by decreasing discounts.
"We have seen great results across all segments; however, the standout has been our suites across the hotels and resorts. We changed our strategy to look at demand forecast by segment and room type to maximize our revenue potential."
Darryl Elliott
Director, Revenue Management
"We have seen great results across all segments; however, the standout has been our suites across the hotels and resorts. We changed our strategy to look at demand forecast by segment and room type to maximize our revenue potential."
Director, Revenue Management Darryl Elliott said, about their decision: "Open Pricing allows you to keep all distribution channels open, without sacrificing rate or length of stay by setting pricing rules by rate code, room type, and segment."
All seven hotels have fully embraced Open Pricing
RevPAR and ADR have increased
New revenue strategy has also increased demand and improved occupancy
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