3 Essential Tips to Maximize Revenue Hoteliers Can Implement Right Away
It's important to have revenue management strategies in place to maximize revenue. Whether you use a revenue management system (RMS) or manage your prices manually, this article covers three essential strategies, recommended by our revenue management experts, to help you stay competitive. 3 Essential Tips to Maximize Your Hotel Revenue In the next sections, you will learn about three crucial strategies that will help you increase your hotel revenue. Strategy 1: Constantly Analyze Your Pick-up and Sales Pace Understanding and analyzing your hotel's pick-up and sales pace is crucial. This involves tracking the number of rooms booked over a specific
How to Combine Human and AI Collaboration for the Best Hotel Results
The advancement of AI and automation over the past few years has transformed the hospitality industry. New technology enabled gathering and evaluating vast amounts of data, quickly making informed decisions, and lifting the topline. Especially in the revenue management department, new AI-powered solutions offer the real-time market insights hoteliers need to optimize, adjust and even automate their pricing. One concern remains: how to guarantee that the system aligns with your hotel’s business strategy? And what
How to Attract and Convert the Millennial Hotel Booker
A recent study by Boutique Hotelier (1) revealed that 42% of millennials plan to spend more on travel in 2023, presenting a significant opportunity for hotel brands. With this in mind, we've been keeping a close eye on the latest generation of travelers to understand what sets them apart from other guests and how savvy hoteliers can adapt their offerings to suit their needs and encourage more reservations. 4 Tips to Attract and Convert Millennial
Airline Vacancies: List of Job Boards to Find a Job at an Airline
Job boards rank among the most popular channels used by job seekers hoping to find airline vacancies online. These platforms are utilized by many employers within the airline industry, making it relatively easy to find options. In this article, we explore some industry job boards most relevant for exploring airline
What Is RevPOR?
Revenue per occupied room, or 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 make from
Aviation Management Jobs: List of Recruitment Agencies To Find a Job!
Aviation management jobs are senior positions within the aviation industry and serve as the target destination for many people working in the sector. Many employers seeking candidates for such a role will turn to recruitment agencies with experience finding suitable people for the job. In this article, you will find