![]() ![]() Imagine a major football match takes place in your town, with tens of thousands of fans looking for a place to stay. Here are the biggest factors to consider:Īn unexpected event in your area could easily spike demand and cause a very different booking window to what you’d usually expect. Some of these factors can’t be predicted year-on-year, which makes them even more relevant. Of course in today’s market you can obtain this information instantly through your channel manager or your “reserved” area on OTAs.īear in mind that OTAs like and AirBnb only show you the booking window for reservations made on their platform-you should always compare this data with your other booking channels to get a 360o picture.Īlso consider that, although these tools generate a booking window automatically, there are several elements which influence the window elements you still need to understand in order to perform revenue management effectively. To calculate the booking window, take an average of your booking history by looking at previous years and seeing how far in advance you received the majority of your bookings for a given period. Without a firm booking window, you risk costly mistakes and leaving customers (and turnover) on the table. Knowing the booking window therefore allows you to raise or lower your rates with confidence. Similarly, after this booking phase the number of available rooms has decreased, demand therefore increases and you can afford to raise the prices even more. Prior to this period, there is less demand and raising the price would mean alienating those customers who are looking for advantageous prices. Since there will be so many people booking at this time, and thus a greater demand for rooms, this is a good time to raise your rates. This means that those staying with you on August 10th will likely book around May 10th. Imagine that the busiest period of the year for your property is the week beginning August 10th, and that the booking window for that period is 3 months. Good revenue management means selling at the right price at the right time, and it’s the booking window that tells us when exactly this moment falls. Have you redeemed SkyMiles for SkyMiles Experiences before? Feel free to share your thoughts in the comments below.Knowing how far in advance your customers generally book allows you to increase the price of your rooms at the optimum time, for maximum profit. If you are looking for more ways to earn Delta miles, consider The Delta SkyMiles® Reserve American Express Card, The Delta SkyMiles® Platinum American Express Card or The Delta SkyMiles® Gold American Express Card. Need more Delta SkyMiles? As a reminder, American Express Membership Rewards transfer to Delta SkyMiles at a 1:1 ratio. A better option is to consider redeeming Delta SkyMiles for SkyMiles Experiences. Unless you have so many SkyMiles you don’t know what to do with them, I’d strongly urge not to use your SkyMiles for booking hotels. Overall, you won’t receive best value when redeeming Delta SkyMiles for hotels, as you can see in our example, we were only getting a. 5 cent value per SkyMile, if you were to redeem making this not the best redemption value. However, heading over the hotel’s website, they had rooms available for $200 for the same night, meaning you’re only getting. The hotel amount for a one night stay at Aria is 39,943 SkyMiles. There are also upgraded room types available, so I decided on the Deluxe Strip View King room. Looking at Aria, it was coming up at 33,845 SkyMiles for the one night stay in July, which depending on how you value your SkyMiles it may or may not be the best option. You can search by star rating or sort by low-high for hot many SkyMiles you’ll need to redeem for your stay. In this case we chose hotels and searched for Las Vegas for a one night stay this summer.Īs you see there are tons of hotels that came up with our search results. Once you’re logged into the SkyMiles Marketplace, head to the “Travel” option, which will pop open a new screen where you can then search for either Hotels, Car Rentals, Activities, or Cruises. ![]() In this post, we’re going to take a look at redeeming SkyMiles for hotel stays and to see if it’s a good idea or not. Medallion Members and Delta SkyMiles Credit Card Members can redeem miles for a wider variety of merchandise, in addition to hotel stays, car rentals, cruises, gift cards and more through the SkyMiles Marketplace. ![]()
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