Hotel Revenue Management

Airline Revenue Management: What is It, How Does it Work & Examples

Martijn Barten2024-04-25T14:22:26+02:00

Airline Revenue Management Airline revenue management involves using analytics to set flight prices and allocate capacity to maximize profitability. It's crucial for responding to market demand, optimizing inventory, and increasing revenue. This strategy ensures competitive pricing, improves customer satisfaction, and is essential for airlines' financial sustainability in the highly competitive aviation industry. Key Takeaways Dynamic Pricing: Adjusts flight prices in

Airline Revenue Management: What is It, How Does it Work & ExamplesMartijn Barten2024-04-25T14:22:26+02:00

What Tech Trends Are Impacting Revenue and Guest Experiences In 2023?

Anele2023-12-20T17:20:18+01:00

Question for Our Revenue Management Expert Panel: What Tech Trends Are Impacting Revenue and Guest Experiences In 2023? Our Revenue Management Expert Panel Chaya Kowal - Cluster Director Of Revenue Management, Potato Head Family Diego Fernández Pérez De Ponga - Director of Revenue Management, Palladium Hotel Group Pablo Torres - Director, TEDUKA &

What Tech Trends Are Impacting Revenue and Guest Experiences In 2023?Anele2023-12-20T17:20:18+01:00

Unique Direct Booking Perks: The Power of Travel Assistance Insurance

Revfine.com2023-12-20T18:38:20+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 InsuranceRevfine.com2023-12-20T18:38:20+01:00

5 Ways to Invest Surplus Marketing Funds Before Year End

Revfine.com2023-12-06T12:03:01+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 EndRevfine.com2023-12-06T12:03:01+01:00

Rethinking Off-Season: Revenue Strategies Hoteliers Need to Follow

Revfine.com2023-12-06T12:03:18+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 FollowRevfine.com2023-12-06T12:03:18+01:00

What Advice Would You Offer to Hotels Choosing Their Tech-Stack?

Anele2023-12-20T16:46:12+01:00

Question for Our Revenue Management Expert Panel: What advice would you offer to hotels choosing their tech-stack? For example, best practices, features, potential pitfalls, and how to "future-proof". Our Revenue Management Expert Panel Dermot Herlihy - Commercial Director, DUKES LONDON Mariska van Heemskerk - Owner, Revenue Management Works Diego Fernández Pérez De Ponga -

What Advice Would You Offer to Hotels Choosing Their Tech-Stack?Anele2023-12-20T16:46:12+01:00

5 Strategies to Increase TrevPAR at Your Hotel

Revfine.com2023-12-06T12:07:21+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 HotelRevfine.com2023-12-06T12:07:21+01:00

5 Common Challenges for Cluster Revenue Managers and How to Master Them

Revfine.com2023-12-06T12:07:40+01:00

The idea of clustering revenue management positions has become more customary recently. When it’s done well, it lets you reduce costs, boost efficiency, and increase revenue. But clustering isn’t always easy. Time constraints and the ability to access reliable, real-time data can make it difficult. 5 Common Challenges for Cluster Revenue Managers If you create a cluster of three hotels,

5 Common Challenges for Cluster Revenue Managers and How to Master ThemRevfine.com2023-12-06T12:07:40+01:00

What Would You Tell Hotel Personnel Choosing A Tech Stack?

Anele2023-12-20T16:46:36+01:00

Question for Our Hotel Marketing Expert Panel What would you tell hotel personnel choosing a tech stack? Our Marketing Expert Panel Peter Ricci - Clinical Professor and Director of Hospitality & Tourism Management Program at Florida Atlantic University (FAU) Max Starkov - Adjunct Professor Hospitality Technology, New York University Kaylie Holley - Hospitality

What Would You Tell Hotel Personnel Choosing A Tech Stack?Anele2023-12-20T16:46:36+01:00

How Hotels Can Tackle Inflation and Boost Profitability

Revfine.com2023-12-06T12:09:42+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 ProfitabilityRevfine.com2023-12-06T12:09:42+01:00

Accommodation Service Providers: Successful Tips for More Revenue

Martijn Barten2024-04-22T12:44:46+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 RevenueMartijn Barten2024-04-22T12:44:46+02:00

4 New Technologies To Help Increase F&B Revenue

Revfine.com2023-12-06T12:13:21+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 RevenueRevfine.com2023-12-06T12:13:21+01:00

Top 3 Goals for Independent Properties and Strategies for Success

Revfine.com2023-12-20T17:33:29+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 SuccessRevfine.com2023-12-20T17:33:29+01:00

Mythbusters: Revenue Management Technology

Revfine.com2023-12-20T16:49:35+01:00

Do you run a smaller hotel or B&B that uses only manual processes to manage all your reservations, pricing, and inventory allocation? Have you avoided implementing technology to help support your internal operations because you worried that the solutions would cause more problems than they would solve? If so, then this article is for you! This article focuses specifically on

Mythbusters: Revenue Management TechnologyRevfine.com2023-12-20T16:49:35+01:00

How Successful Hoteliers Handle Pricing Strategies for The Recovery

Revfine.com2024-04-02T13:06:27+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 during the post-covid era, and how to deal with spillage, spoilage, overbooking, and overselling. Quick menu: Hotels With a Solid RM Strategy Came Out of the Covid-19 Crisis Well

How Successful Hoteliers Handle Pricing Strategies for The RecoveryRevfine.com2024-04-02T13:06:27+02:00

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

Revfine.com2023-12-06T12:38:42+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?Revfine.com2023-12-06T12:38:42+01:00

Hotel Strategies on the Fly Using Revenue Management Technology

Revfine.com2023-12-06T12:40:59+01:00

Accurate hotel forecasts take a lot of work to create. One day the industry celebrates sky-high returns (1) while other markets struggle to prevent occupancy from slipping beyond their control (2). Travel has always been a global industry, but more than ever, hoteliers find their properties impacted by international trends, which are increasingly challenging to predict. Amid these factors, the

Hotel Strategies on the Fly Using Revenue Management TechnologyRevfine.com2023-12-06T12:40:59+01:00

Hotel Dynamic Pricing Guide; An Essential Overview of All Price Tags

Revfine.com2023-12-06T12:41:32+01:00

Revenue management underpins six different main types of hotel room pricing. Called dynamic pricing or “price tags,” this article illustrates these various pricing approaches. As you adopt revenue management for your hotel, you’ll want to understand these concepts to interpret the phases of your property’s pricing path to maximize revenues or minimize damages. Quick menu: Hotel Dynamic Pricing Guide; Overview

Hotel Dynamic Pricing Guide; An Essential Overview of All Price TagsRevfine.com2023-12-06T12:41:32+01:00

Hotel Revenue Management

Optimizing revenue and growing your business

Revenue Management