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Showing posts from November, 2020

How to plan your social media strategy effectively?

What are your business objectives? Choose a marketing goal that aligns with your objectives. You need to set S.M.A.R.T goals. Your social media goal can range between: Awareness, Engagement, Conversions, and Consumer. Plan accordingly. Each goal needs a different strategy. Track your metrics accordingly. Hotel marketing company , RevAce, brings a few points to help you plan your social media effectively. Do you know everything about your audience? One might say they do but do they really know their audience? Well, every mindset is different, each individual has their own personality. One cannot be clubbed under one single category. Therefore, you need to promote according to the audience and not your own mindset. Few things to be sure of are as follows:   Age Location Average income Job title Industry Interests   Don’t make assumptions while setting your target audience. You need to also keep a check on who your competition is? What are they doing? Can you learn somethi

What is Revenue Management?

Revenue Management is an extremely important element in the hospitality industry. Revenue Management allows hotel owners to predict the demand in the market and optimize the availability and pricing accordingly. This is done in order to achieve the best financial results. Breaking the term into a simpler format, it is selling the right room to the right audience at the the right moment, at the right price, via the right OTA, which will result in optimum efficiency. Revenue management is sometimes called yield management. Though these terms are not interchangeable. Learn with RevAce, the best Hotel Revenue Management company in Delhi about what revenue management is. Revenue management is interconnected by many components, like: Customer segmentation: In this part of marketing the guests are segmented according to demographic criteria such as age, gender, marital status, the purpose of the trip, what are the spending habits of the guest, or the interests. It also includes whethe