Pace Revenue Management research shows that focusing on Primary Data, your historical and advance bookings, drive significantly better results than Secondary Data, such as rate shopping. Secondary Data sources are inaccurate and slow, while Primary Data generates confident insights in real-time. In an increasingly complex world they need tools that help them make sense of information. This means turning information into insights. But more importantly turning insights into actions.
“We used to use an agency for all our revenue management and it was one of those old-fashioned arrangements that nobody really checked. I started realising things were amiss as our prices were super low on holidays and then too high during random times. I was also having to call the consultant every day and manually change things myself. So I decided to do a proper appraisal of our revenue setup and realised that it was a real mess. We were paying way too much money for an RM who was, essentially, not doing their job.”
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