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Duetto Founder Patrick Bosworth says the ability to yield rates independently based on dates, channels, room types and other factors without closing any availability is the heart of Revenue Strategy.
Tracking website regrets and denials – users who visited your website but left without booking – paints a more accurate picture of a hotel’s true unconstrained demand.
Access to lost-business data allows GameChanger to continually test new rates and measure conversion in real time to capture the most profitable bookings.
Duetto’s whitepaper explains how to implement an innovative Open Pricing strategy
Instead of using fixed modifiers to differentiate prices between your rooms with double beds and rooms with king beds, for example, price those different room types based on demand.
Stop offering a static percentage off BAR and instead offer “up to 20% off,” for example, and keep discounts flexible.
Understand how to keep all promotions and channels available without closing them off as booking dates compress.
Alert functionality, which notifies users to sudden changes in demand, allows hotels to react quicker to dynamic market conditions and adjust prices to maximize revenue.
Duetto Concepts: Open Pricing (Video)
Embrace the Future of Open Pricing (Landing Page)
Drive Profits by Implementing Open Pricing (Whitepaper)
Product page: GameChanger (Product)