New revenue management strategies to help North American hotels
Lybra’s Revenue Management Expert, Erik Muñoz, Featured in Travel Tech USA & Canada Masterclass
On March 10, Erik Muñoz, CCO at Lybra, was one of four panelists on a Revenue Management panel at Travel Tech USA & Canada, the largest travel technology education event worldwide, which was created to teach North American hoteliers about the significant benefits in investing in operational technology today, to establish a strong foundation for a better financial future, tomorrow.
During the session, Erik – joined by other experts from RM Hub, eRevMax & Uplift Hospitality – discussed new revenue management strategies to help North American hotels reach financial recovery more quickly.
A few of Erik’s HOT tips:
“Your competition isn’t Airbnbs or other vacation rentals, campsites, RVs, etc.; your competition is actually other hotels in your destination because customers are looking for a very different thing when booking a vacation rental vs. a hotel.”
Erik also offered a few tips to make hotels more attractive to guests who might (generally) prefer vacation rentals to hotels:
Watch the full Travel Tech USA & Canada Masterclass to hear all of Erik’s revenue management tips for North American hoteliers here!To book a one-on-one meeting with Erik Muñoz to learn more about Lybra’s Assistant RMS, please visit traveltech.space/en/lybra-tech/