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REVENUE MANAGEMENT
The Neighborhood Hotel’s Journey to 75%+ Occupancy through PriceLabs’ Minimum Stay Rules
Discover how PriceLabs’ dynamic pricing and advanced features helped The Neighborhood Hotel overcome seasonality challenges and maximize revenue without compromising guest experience.
Managing Seasonality Fluctuations: With peaks in summer and significant drops in winter, especially in Southwest Michigan, balancing occupancy and revenue was complex.
Length of Stay Optimization: Determining the optimal minimum stay requirements was difficult. Initially, strict minimum stays led to lost occupancy.
Automating Pricing Adjustments: Adjusting rates and stay requirements without advanced tools was time-consuming and ineffective, making it hard to respond quickly to market changes. Hence, automation was a core objective.