ON-DEMAND WEBINAR
The Next Level of ResNexus Travel Protection
Original air date: Feb 1, 2024
Last-minute cancellations hurt, but Travel Protection can help—now more than ever! In this special webinar, learn how to protect your business from unexpected losses due to events including travel delays and adverse weather involving rain, and keep your guests happy at the same time. The new protections afforded by ResNexus Travel Protection are a real game-changer for your business, and you won't want to miss it.
Key takeaways
Yield Management allows you to automate your pricing strategy based on occupancy levels, ensuring you maximize revenue during high-demand periods without manually adjusting rates.
Instead of a "set it and forget it" pricing model, the system acts as a digital revenue manager that raises or lowers prices automatically as your rooms fill up.
How Yield Management Works
The video explains that Yield Management isn't just about charging more; it's about finding the "sweet spot" where price and demand meet.
- Occupancy Triggers: You set specific thresholds (e.g., "When occupancy hits 80%, increase the rate by 10%").
- Automatic Adjustments: The system monitors your calendar 24/7. As soon as a guest books and hits a trigger point, the prices for the remaining rooms update instantly across your website and all connected OTAs.
- Dynamic Flexibility: It allows you to be aggressive during your peak season and stay competitive during the "shoulder" or off-season by lowering rates to attract last-minute travelers.
Watch the webinar
Chapters
0:00
2:16
6:58
12:32
15:44
18:43
Introduction
Travel Protection in Practice
New Safeguards
How Reimbursement Works
Frequently Asked Questions
Q&A