Hotel Revenue Management

    Optimizing revenue and growing your business

Strategies

Unique Direct Booking Perks: The Power of Travel Assistance Insurance

2023-12-20T18:38:20+01:00

Today, as travelers seek a blend of convenience, security, and added value, hoteliers can distinguish themselves by providing incentives that resonate deeply with potential guests. Travel assistance insurance has emerged as a powerful tool that not only sets hotel’s direct channel offerings apart but also empowers guests with peace of mind and solidifies a brand's position as a go-to choice

Unique Direct Booking Perks: The Power of Travel Assistance Insurance2023-12-20T18:38:20+01:00

5 Ways to Invest Surplus Marketing Funds Before Year End

2023-12-06T12:03:01+01:00

As the fiscal year ends, it’s not uncommon for hotel teams to discover unallocated funds in their marketing budget. Since the golden rule of budgeting is “use it or lose it,” here are five quick, effective ways to make an impact with surplus dollars before the end of the year. Sometimes it’s a strategic safety net. Sometimes it’s dumb luck.

5 Ways to Invest Surplus Marketing Funds Before Year End2023-12-06T12:03:01+01:00

Rethinking Off-Season: Revenue Strategies Hoteliers Need to Follow

2023-12-06T12:03:18+01:00

Unless you’re operating a ski resort or fortunate enough to have a property located in a year-round warm-weather travel destination, the autumn and winter months can be particularly slow for hoteliers. These low-season booking conditions can lead to some hoteliers adopting an ‘a busy hotel is a successful hotel’ strategy, accepting lower-rated business and relying on the in-house spend on

Rethinking Off-Season: Revenue Strategies Hoteliers Need to Follow2023-12-06T12:03:18+01:00

5 Strategies to Increase TrevPAR at Your Hotel

2023-12-06T12:07:21+01:00

From ADR to RevPAR and GOPPAR, lodging operators must track many metrics to assess business performance and make strategic decisions. One of the most powerful but overlooked measures of success for hotels today is TRevPAR, or total revenue per available room. Here we discuss what TRevPAR is and how to increase it at your property. The Rising Importance of Measuring

5 Strategies to Increase TrevPAR at Your Hotel2023-12-06T12:07:21+01:00

How Hotels Can Tackle Inflation and Boost Profitability

2023-12-06T12:09:42+01:00

After a strong end to 2022 - with European hotel performance reaching 2019 levels - January 2023 saw energy costs peak in many countries. Coupled with a fall in demand, the increased expenses of hotel operations led to a fall in. Although there is evidence of recovery into Spring/Summer, hoteliers must be alert to ensure that 2023 is profitable. The

How Hotels Can Tackle Inflation and Boost Profitability2023-12-06T12:09:42+01:00

Accommodation Service Providers: Successful Tips for More Revenue

2024-04-22T12:44:46+02:00

Accommodation Service Accommodation service providers offer lodging options for travelers, such as hotels, hostels, and vacation rentals. They are crucial for the tourism industry, providing essential amenities and comfort for guests. Effective management of these services ensures customer satisfaction, drives economic growth, and supports the hospitality sector by meeting diverse traveler needs and preferences. Key Takeaways Clear and Logical Branding

Accommodation Service Providers: Successful Tips for More Revenue2024-04-22T12:44:46+02:00

4 New Technologies To Help Increase F&B Revenue

2023-12-06T12:13:21+01:00

In modern hotels, generating income goes beyond room rates and prime locations. While these factors are undoubtedly important, a realm of untapped potential can significantly boost profitability: food and drinks revenue, also known as F&B. 4 New Technologies to Increase F&B Revenue By focusing on this dynamic aspect, hotels can maximize their earnings, even without expanding their capacity or hosting

4 New Technologies To Help Increase F&B Revenue2023-12-06T12:13:21+01:00

Top 3 Goals for Independent Properties and Strategies for Success

2023-12-20T17:33:29+01:00

They say after the storm comes a calm. However, the storm has yet to pass in the hospitality industry. While seeing the light again is possible, the industry still navigates in turbulent waters. Why? With a fierce competition of over 17.5 million guestrooms in 187,000 hotels (1) worldwide, independent hotels know they have to compete for their share of business

Top 3 Goals for Independent Properties and Strategies for Success2023-12-20T17:33:29+01:00

How to Use Your (Guest) Data to Increase Revenue?

2023-12-06T12:38:42+01:00

The recent years with a turbulent and unpredictable market have made hoteliers used to dramatic change. Guest booking behavior and previously established travel patterns have been replaced by new ones belonging to a hotelier's daily challenges. New travel trends and changing guest behavior are here to stay; they must act upon them. The Importance of Guest Data If you, as

How to Use Your (Guest) Data to Increase Revenue?2023-12-06T12:38:42+01:00

Streamlining F&B Operations: Revenue Management Strategies for Success

2023-12-06T12:42:19+01:00

In today's competitive landscape, optimizing revenue and maximizing profitability is crucial for success in the food and beverage (F&B) industry. F&B establishments need to implement effective revenue management strategies to achieve these goals.  Streamlining F&B Operations Businesses can streamline their operations and enhance their financial performance by adopting a systematic approach to pricing, inventory management, and customer segmentation. In this

Streamlining F&B Operations: Revenue Management Strategies for Success2023-12-06T12:42:19+01:00

Accommodation Providers: Strategic Tips to Get More Revenue

2024-03-02T19:36:13+01:00

Accommodation Accommodation refers to providing lodging or a place to stay for travelers. It's important as it forms the basis of the travel experience, providing safety, comfort, and convenience. Suitable accommodation is essential for satisfying travelers' needs and preferences, impacting their overall satisfaction and the success of their trip or vacation. Key Takeaways Chain Hotels: Leverage brand reputation and loyalty

Accommodation Providers: Strategic Tips to Get More Revenue2024-03-02T19:36:13+01:00

How to Trigger Dopamine to Maximize Your Hotel’s Direct Revenue

2023-12-20T18:39:34+01:00

If you're a hotelier struggling to improve your website conversion rates, you're not alone. Maximizing hotel revenue through direct bookings is crucial, and a little something known as “dopamine” could be the key. In this article, we'll explore the connection between dopamine and positive online experiences and how personalization can help you create a memorable guest experience that boosts conversion

How to Trigger Dopamine to Maximize Your Hotel’s Direct Revenue2023-12-20T18:39:34+01:00

Hotel Restaurant Management: Tips to Maximize Revenue for Your Hotel

2024-03-02T19:37:47+01:00

Hotel Restaurant Management Hotel restaurant management oversees the operational, financial, and customer service aspects of a hotel's dining establishments. It's crucial to ensure high-quality guest experiences, maintain efficiency, and drive profitability. Effective management leads to enhanced reputation, customer satisfaction, and loyalty, which are vital for the success and sustainability of the hotel's overall business. Key Takeaways Make Sure the Restaurant

Hotel Restaurant Management: Tips to Maximize Revenue for Your Hotel2024-03-02T19:37:47+01:00

15 Strategies to Boost Hotel Food and Beverage Revenue

2023-12-06T13:35:46+01:00

Managing hotel restaurants may be challenging. Ultimately, one might say maintaining a hotel as a whole is likely enough effort in and of itself, not even to mention trying to figure out how to ensure the hotel restaurant operates to its fullest potential. However, in the long run, it pays to consider ways to boost F&B (food and beverage) sales

15 Strategies to Boost Hotel Food and Beverage Revenue2023-12-06T13:35:46+01:00

Break Siloes and Foster Synergies to Optimize Hotel Profits

2023-12-06T13:46:29+01:00

Hotels looking to optimize profits must break the silo mentality. They must align their teams and synchronize their knowledge. In this article, you'll learn how to break siloes and foster synergies to optimize hotel profits. Steps to Creating a Connected Commercial Organization The movement toward commercial revenue is a good start. Many hotels have brought sales, marketing, revenue management, and

Break Siloes and Foster Synergies to Optimize Hotel Profits2023-12-06T13:46:29+01:00

How to Use Food and Beverage F&B Data to Increase Hotel Revenue

2023-12-06T13:48:22+01:00

Food and beverage (F&B) data is considered a gold mine in the hospitality industry. From the moment your guests make an online reservation, to the time they leave your restaurant, your POS system or an advanced reservation platform generates valuable guest data. In this article, you'll learn how to use F&B data to improve guest experience, ultimately increasing hotel revenue.

How to Use Food and Beverage F&B Data to Increase Hotel Revenue2023-12-06T13:48:22+01:00

How To Increase Hotel Revenue With Easy Pre-Authorizations

2024-04-02T13:10:15+02:00

While hoteliers know credit card pre-authorization, many don't incorporate it into their reservation policies. Or, if they do, they leave it up to OTAs. Either way, ignoring the impact of well-managed pre-authorizations on your hotel's revenue is a mistake. Flexibility for Guests and Guarantees for Hoteliers Pre-authorizations are a temporary hold of a specified monetary amount made on a guest's

How To Increase Hotel Revenue With Easy Pre-Authorizations2024-04-02T13:10:15+02:00

Differing Revenue Management Strategies for New Vs Established Hotels

2023-12-06T13:49:57+01:00

Question for Our Revenue Management Expert Panel: What are the recommended revenue management strategies for new hotels / resorts? How do they differ to those used by established properties? Our Revenue Management Expert Panel Dr. Betsy Stringam-Bender - Professor of Hotels & Resorts, New Mexico State University Ricardo Sereno - Revenue Manager, Altis

Differing Revenue Management Strategies for New Vs Established Hotels2023-12-06T13:49:57+01:00
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