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Protecting Your Hotel’s Cash Flow & Improving Asset Valuation

2021-10-18T10:13:29+02:00

Hotel revenue management plays a central role in protecting, forecasting, and strengthening a hotel's cash flow and overall financial position by enhancing the cash position of the asset. Additional revenue generated by a revenue management system directly flows into the amount of cash available. This higher rate of cash flow—combined with detailed forecasts which enable expense management—has a number of

Protecting Your Hotel’s Cash Flow & Improving Asset Valuation2021-10-18T10:13:29+02:00

How to Hire the Best Hotel Staff for Your Hotel?

2021-10-18T09:48:35+02:00

It is impossible to run a successful hotel without hiring the right hotel staff. After all, success in the industry is hugely reliant on customer service and there are a huge number of additional tasks and duties that need to be carried out. For instance, most hotels need marketers, receptionists, HR staff, accountants, cleaners, IT support workers, chefs, waiters, concierge

How to Hire the Best Hotel Staff for Your Hotel?2021-10-18T09:48:35+02:00

An Analyze of How Hoteliers Handled Revenue Management During the Pandemic

2021-10-14T11:32:08+02:00

Using past data to predict future revenue during a pandemic might seem counterintuitive to many hoteliers. After all, hotel revenue management is always a complex science. How can you predict anything during a pandemic? In this article, you’ll learn how fellow hoteliers dealt with the Corona pandemic. Three Different Paths During the Pandemic As a hotelier, you’ve faced an unusual

An Analyze of How Hoteliers Handled Revenue Management During the Pandemic2021-10-14T11:32:08+02:00

Restaurant POS Systems: The Latest and Future Trends

2022-01-05T11:50:18+01:00

For those in the restaurant industry, effective use of point of sale systems can have a transformational effect. However, to get the most from restaurant POS systems, it is important to develop an understanding of the associated trends. In this article, you can learn about existing and upcoming trends and how they impact restaurants and their customers. Quick Menu What

Restaurant POS Systems: The Latest and Future Trends2022-01-05T11:50:18+01:00

4 Ways Hotels can Leverage AI & Big Data to Boost Direct Sales

2021-09-24T20:58:29+02:00

AI and big data unlock opportunities for hotels to boost their direct revenue and operational efficiency while offering instant and personalized guest experiences. This article will focus on 4 ways hotels can leverage AI and Big Data to engage customers in the hotel direct booking process and drive their direct sales. 1) Deliver Instant Service With Conversational AI Conversational AI,

4 Ways Hotels can Leverage AI & Big Data to Boost Direct Sales2021-09-24T20:58:29+02:00

The Five Boxes Your New Revenue Management (RMS) Should Check

2021-09-24T20:53:19+02:00

Today things are different. There's a greater variety of more intuitive RMSs that are easy to use for your team and can be set up faster than legacy systems. Thanks to this development, finding an RMS doesn't have to be hard anymore. In the following article, you'll discover how to find the RMS that will help you do just that.

The Five Boxes Your New Revenue Management (RMS) Should Check2021-09-24T20:53:19+02:00

Hostel Management Systems: Everything You Need to Know

2022-01-12T18:51:09+01:00

Hostel management systems are software solutions used within hostels, in order to carry out key managerial tasks and oversee operations. In this article, you can learn about what these systems are, how they work, why they are so useful, what their main features are, and how much they cost. Quick Menu Why Do Hostels Need Hostel Management Systems? What Are

Hostel Management Systems: Everything You Need to Know2022-01-12T18:51:09+01:00

Hotel Booking System: 8 Tips to Maximise its Benefits

2022-01-12T23:30:44+01:00

A hotel booking system is an important piece of technology for hotels and similar properties, allowing customers to reserve hotel rooms online through a simple, self-service process. In this article, you will find out more about how these systems work and have the chance to explore eight tips that will allow you to maximise the benefits. Quick Menu What is

Hotel Booking System: 8 Tips to Maximise its Benefits2022-01-12T23:30:44+01:00

How to Make Effective Upselling Part of Your Hotel’s Culture?

2021-09-10T15:03:13+02:00

In hospitality, you’re always trying to do just a little bit better, both in terms of the experience you offer guests and the revenue you generate from it. Implementing new ideas and making them part of your property’s culture can seem challenging in that case. But with the right training, it’s easier than you may think. In this piece, you’ll

How to Make Effective Upselling Part of Your Hotel’s Culture?2021-09-10T15:03:13+02:00

A Few Thoughts on Your Hotel’s Distribution & Channel Strategy

2021-09-10T15:03:30+02:00

When engaging with online travel agencies (OTAs) in these volatile times, hoteliers must adequately understand the value and costs of all distribution channels. Any relationship weighted in favour of an OTA to the detriment of a hotel’s bottom line needs to be reviewed, and steps should be taken to maximise direct bookings. Hoteliers Should Explore OTA Alternatives For many hoteliers,

A Few Thoughts on Your Hotel’s Distribution & Channel Strategy2021-09-10T15:03:30+02:00

Revenue Management Trends: Discover the Latest Developments

2021-09-10T15:06:25+02:00

A significant part of getting the most out of a hotel revenue management strategy involves keeping up with the very latest revenue management trends and then implementing associated strategies, while investing in relevant technology. In this article, you can learn all about the latest developments in this area, so that you can stay ahead of the game. Quick menu: Understanding

Revenue Management Trends: Discover the Latest Developments2021-09-10T15:06:25+02:00

List of 10 Hotel Chains to Find Jobs in the Hotel Industry

2022-01-19T23:24:31+01:00

When looking for work in the industry, many job seekers turn to established hotel chains, with clear hiring processes and greater demand for new recruits. In this article, you can explore the topic of hotel chains further, learning about what a chain is and why they can be beneficial, while also having access to details on 10 of the world’s

List of 10 Hotel Chains to Find Jobs in the Hotel Industry2022-01-19T23:24:31+01:00

Revenue Management After COVID-19 – “Innovating Through Uncertainty”

2021-09-10T15:06:37+02:00

Never before has a single event affected the global economy to the extent that the ongoing COVID-19 pandemic has. Within the hotel industry, revenue managers, owners and operators have been thrown into disarray and all are facing a less predictable future. In this article, you will learn more about the role that revenue management strategies will play in the post-COVID

Revenue Management After COVID-19 – “Innovating Through Uncertainty”2021-09-10T15:06:37+02:00

Mobile First: How to Boost Hotel Visibility and Drive Direct Bookings

2021-08-20T18:06:15+02:00

Customer behavior is evolving from search to interaction, and mobile is driving this shift. Hotels that rethink their guest communication to meet new and evolving behavior will boost their hotel visibility and drive their direct bookings. In this article, we reveal the mobile behavior trends shaping the hospitality industry and how hotels can leverage them to improve their guest experience

Mobile First: How to Boost Hotel Visibility and Drive Direct Bookings2021-08-20T18:06:15+02:00

How Hotel Automation Increases Early Check-in & Late Checkout Revenue

2021-08-20T18:06:32+02:00

When you hear the word automation, it may conjure up images of a future where artificial intelligence and robots take over jobs. The reality, however, is much more nuanced. The notion of automation generally remains ossified in this physical, machine-replace-labour frame and is perceived as another step toward automation-led obsolescence. Automation in Everyday Life Discussions about automation all too often

How Hotel Automation Increases Early Check-in & Late Checkout Revenue2021-08-20T18:06:32+02:00

Creating a Tech-Powered Operation & Guest Journey at Hotel Made in Louise

2021-08-20T18:06:43+02:00

The Brussels-based boutique hotel Made in Louise had a major leg up on many competitors during the pandemic thanks to its advanced tech stack. This helped them get through the corona crisis and make the most of the beginning recovery phase. Martin Duchateau, General Manager and owner of the 48-key Made in Louise hotel, shares how he navigated the pandemic

Creating a Tech-Powered Operation & Guest Journey at Hotel Made in Louise2021-08-20T18:06:43+02:00

How Successful Hoteliers Handle Pricing Strategies for The Recovery

2021-08-19T10:40:33+02:00

Analyses showed that hotels with a solid revenue management strategy came out of the Covid-19 crisis better than hotels without. In this article, you'll learn how successful hoteliers handle pricing strategies for recovery, and how to deal with spillage, spoilage, overbooking, and oversell. Quick menu: Hotels With a Solid RM Strategy Came Out of the Covid-19 Crisis Well The Results

How Successful Hoteliers Handle Pricing Strategies for The Recovery2021-08-19T10:40:33+02:00

Don’t Open Your New Hotel Without a Revenue Management System

2021-09-10T14:57:07+02:00

Hotel owners, developers, asset managers, and other stakeholders charged with successfully launching a new hotel property—in a marketplace that may already be quite competitive—know they’ll need more than attractive features and amenities that entice and cultivate a loyal customer base. As the industry adapts to a post-pandemic world, the team behind a new property also must assess key behind-the-front-desk requirements

Don’t Open Your New Hotel Without a Revenue Management System2021-09-10T14:57:07+02:00