Mumbai continues to dominate India’s hospitality sector, emerging as one of the top-performing hotel markets with record-breaking revenue, high occupancy, and booming cruise tourism. With increased business travel, luxury tourism, and infrastructure development, Mumbai is solidifying its position as a …
In the competitive hotel industry, understanding elasticity is key to optimizing pricing strategies, boosting revenue, and maintaining occupancy. But what exactly does “elasticity” mean for hotels, and how can it shape your pricing approach? This blog dives into the fundamentals …