We are proud to bring you our first monthly newsletter filled with the latest news and developments in the spa, beauty and wellness industries, including a series of useful tips that will help you improve your spa business.
Pricing Strategies: The Right Price
Understanding how to create and implement a coherent pricing strategy is essential for maximising yield. There is no doubt that implementing a coherent pricing policy is one of the key factors for ensuring optimum revenues and higher profits. But what constitutes a ‘coherent pricing policy’?
Budget Spas: An Interesting Business Opportunity?
The current state of the spa industry is creating additional room for the development of budget and low-cost business initiatives within this field. Moreover, taking into consideration past experiences from the airline, hotel and fitness industries, the implementation of budget or low-cost strategies has appeared as an inevitable step for any growing sector.
Customer-Orientated Revenue Management Model for Spas: Lessons from the Hotel Sector
In terms of yield management and optimising revenue, there is a lot the spa industry can learn from the hotel industry. In fact, thanks to the similar complexity that goes along with the management of pricing and rate levels for hotels and spas, the new customer-orientated approach taken by the hotel industry looks like the ideal path to follow for the spa industry.
New! Management Assistance Contracts
Businesses in the spa, beauty and wellness sectors are complex operations which not only require a large initial investment, but also an important on-going cash-flow reserve due to the significant overhead costs involved in running such facilities. Contact us at firstname.lastname@example.org for further information on how management assistance contracts can help you optimise revenue and streamline operations.