What to Do When Your GM Wants You to “Fix” the Forecast
Forecasting is never easy—but it gets a whole lot harder when someone asks you to "adjust" the numbers. If your General Manager (GM) pushes for a rosier picture than the data shows, how do you stay realistic without rocking the boat? In this article, we'll walk through how to handle the pressure, maintain integrity, and turn tricky conversations into alignment. The Reality of Forecasting Pressure Let's be honest: every hotel wants to beat last year's
Hotel Costs: A Complete Guide to Customer Costs and Fees
Hotel costs, from a customer perspective, are the various fees and charges associated with booking and staying in accommodation. These can include initial booking costs, taxes and additional fees for services. Understanding hotel costs is important for guests and hotel managers alike. Additional fees can significantly alter the total cost of a stay and affect how much revenue the hotel generates from customers. In this article, you will find explanations of the most common hotel
The Five Building Blocks of Hotel Revenue Maximization
Revenue is the lifeblood of any hotel. The more effectively you generate, capture, and optimize it, the more successful your property will be. But too many revenue managers still rely on outdated revenue strategies, legacy metrics and clunky technology that hold them back. The result? Missed opportunities and money left on the table. Modern revenue management isn’t about following the same old playbook. It’s about evolving, thinking bigger,r and leveraging technology to drive profitability. In
Profitable Forecasting: How to Boost Hotel Profitability with Revenue Management
Well-run and profitable hotels are like a symphony where talented performers play their parts within the framework of the score. Their skilled cooperation creates the business foundation for the hotel to meet or exceed its business goals. Revenue management principles provide such a framework, with the revenue manager serving as the conductor. The Strategic Framework Behind Profitable Hotel Revenue Management Hoteliers can take multiple paths to profitable revenue management within this framework. It includes: Data
Cheap Business Class Flights: How Premium Cabins Deliver ROI for Corporate Travel
Many corporate travel programs still evaluate business class mainly by comparing its price to economy, not by what the trip requires the traveler to do on arrival. As a result, long-haul flights are often booked at the lowest available fare, even when travelers are expected to go straight into meetings or site visits. When Lower Fares Deliver Higher Business Travel Value On time-sensitive itineraries, that decision can create higher costs elsewhere. A traveler arriving from an overnight flight without proper rest may need extra recovery time, a delayed schedule, or even an additional hotel night before they can work effectively.
How to Spend 2 Weeks in Sri Lanka
Surrounded by a 1335 km coastline, framed by coconut trees and countless varied beaches, few visitors have complained after visiting the remarkable island nation of Sri Lanka. Measuring hardly 240 km across from its widest point, this pearl of the Indian Ocean may seem small in size, but it holds a lot within its small space. With so many amazing things to see and do, plus the different weather patterns to consider, it can be
7 Beautiful Greek Islands for Adventurous Holidays
Planning to take a break from your hectic work routine? Many travellers today seek adventure holidays that let them step outside their comfort zones and discover new sides of themselves. Greece, with its stunning islands scattered across the Aegean and Ionian Seas, offers just that. While Greece is often known as a place to unwind, it also has ample options for those seeking an adventurous trip. Unleash Your Adventurous Spirit Across the Greek Islands Whether
What Is Hotel Revenue Management?
For those operating in the hotel industry, revenue management is a key concept, as it enables hotel owners to predict levels of demand and optimize things like distribution and pricing in order to maximize financial results. In this article, you will learn more about hotel revenue management, why it is
Travel Trends: 26 Opportunities for the Travel Industry in 2026
Travel trends are the various behaviors, preferences, strategies, and technologies that shape the travel industry. These trends can be the result of innovations, lifestyle factors, and local or global events. For businesses operating in the travel industry, it's essential to stay up-to-date with the latest travel trends, because this assists
Revenue Management Consulting; Benefits of Hiring a Consultant
It is becoming increasingly common for hotel owners and others in the hospitality industry to acquire revenue management consulting services to optimize prices, distribution, and occupancy rates and maximize financial results. These services will often be acquired from a revenue management consulting firm. In this article, you will learn about