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REVENUE MANAGEMENT
How Lark Hotels Doubled Bookings and Boosted ADR with FLYR for Hospitality's Automated Revenue Management
Discover how Lark Hotels used FLYR for Hospitality's automated revenue management system to streamline pricing, increase booking volume by 100%, and boost ADR by 15%, providing a clear example of how technology can optimize hotel revenue strategies.
Improve Revenue Management Efficiency: Lark Hotels sought to replace manual revenue management processes with an automated system to streamline operations and reduce errors.
Increase Booking Volumes: By leveraging advanced pricing algorithms, Lark Hotels aimed to attract more guests and double their booking volumes across all properties.
Boost ADR and Occupancy: The goal was to enhance the Average Daily Rate (ADR) by 15% and improve occupancy rates through dynamic pricing and better market responsiveness.