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Revenue Management Tips

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5 Essential Tips to Choose the right Property Management System

2020-06-20T14:19:40+02:00

For those in the hospitality industry trying to run a successful hotel, a robust revenue management strategy is of the utmost importance and a property management system (PMS) can assist greatly. In this article, you find the uses of a property management system and read five tips to help you select the right one. What is a Property Management System?

5 Essential Tips to Choose the right Property Management System2020-06-20T14:19:40+02:00

Quantifying the Benefit of Using Revenue Management Software

2020-06-20T14:19:52+02:00

When potential clients reach out to Revenue Management Software (RMS) companies, they often have the same question: “How much extra revenue will I make?”. To which the only honest answer is “We don’t know, exactly”. You may come across companies promising 30% or 50% more than you are receiving now. But, in reality, it depends on so many factors; for

Quantifying the Benefit of Using Revenue Management Software2020-06-20T14:19:52+02:00

Revenue Management System (RMS): What Are the Advantages?

2020-06-20T14:20:05+02:00

For those working in the hotel industry and looking to maximise business results, a revenue management strategy can be invaluable, and a high-quality Revenue Management System (RMS) can help to ensure success. In this article, you find more detailed information about the importance of revenue management within hospitality settings, as well as some of the main features and advantages associated

Revenue Management System (RMS): What Are the Advantages?2020-06-20T14:20:05+02:00

The Most Used Revenue Management KPI’s for Hotels

2020-06-20T14:20:17+02:00

A key performance indicator can provide revenue managers and hotel owners with valuable information about the performance of their business. This subsequently has the benefit of allowing them to implement a revenue management strategy, so that they can maximise financial business results. In this post, we look at some of the most widely utilised revenue management KPI’s and how they

The Most Used Revenue Management KPI’s for Hotels2020-06-20T14:20:17+02:00

Do Small Hotels Need a RMS? How to Overcome the 6 Challenges?

2020-06-20T14:20:32+02:00

As a hotelier, you have a lot on your plate. From taking care of your staff and guests to managing your online presence, bills and housekeeping - it’s no easy task. But even so, it is imperative you do not overlook one of the most important things to manage: your hotel revenue. In this article you will learn what the

Do Small Hotels Need a RMS? How to Overcome the 6 Challenges?2020-06-20T14:20:32+02:00

Basics of Revenue Management for Smaller Hotels

2020-06-20T14:20:45+02:00

Revenue management stands for “Selling the right product to the right client at the right moment at the right price via the right distribution channel with the best cost efficiency”. But what does revenue management really mean for the extraordinary hotelier? What should you take care of in order to increase the revenue for your property? Basics of Revenue Management

Basics of Revenue Management for Smaller Hotels2020-06-20T14:20:45+02:00

What does GOPPAR stand for?

2020-06-20T14:21:24+02:00

A key performance indicator, or KPI, is a quantifiable measurement of business performance. The use of KPIs is essential for implementing a successful revenue management strategy, as it allows businesses to identify areas of success and failure, as well as trends related to demand and customer behaviour. GOPPAR is one of the most important KPI used by hotels for the

What does GOPPAR stand for?2020-06-20T14:21:24+02:00

9 Revenue Management Strategies to Grow Your Hotel Business

2020-06-20T14:22:03+02:00

For hotel owners looking to grow their business, a robust revenue management strategy is of the utmost importance, helping to optimise business results. However, under the broader revenue management umbrella, there are many smaller strategies that can help to facilitate growth. In this article you find nine revenue management strategies that those in the hotel industry can employ to achieve

9 Revenue Management Strategies to Grow Your Hotel Business2020-06-20T14:22:03+02:00

Revenue Management; clearly explained!

2020-06-20T14:22:19+02:00

Revenue management is concerned with optimising financial results and is especially popular in industries like hospitality, which must contend with high fixed costs and a perishable inventory. For example, hotels have a certain number of rooms and fixed costs which must be met, regardless of how many rooms are sold. In such industries, revenue management is employed in an effort

Revenue Management; clearly explained!2020-06-20T14:22:19+02:00

What is RevPOR?

2020-06-20T14:23:01+02:00

Revenue per occupied room, also known as RevPOR, is a KPI used within hotel management to assess financial performance. As a result, it can play a role in a revenue management strategy. Its main value to hotel owners is in giving them an idea of exactly how much revenue they are making from the rooms that they manage to sell.

What is RevPOR?2020-06-20T14:23:01+02:00
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