financials

Why Use a Cost-Based Pricing Strategy in Your Hotel?

Cost-based pricing is the easiest and most financially secure way of determining prices. As long as you sell the room, you’re guaranteed to make a profit

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thumbnail image image for video discussion with hotellistat about time to stop missing revenue wasting money and wasting time

Time to Stop Missing Revenue, Wasting Money and Wasting Time

As well as looking at the obvious impacts of the incredible amount of time that is wasted, along with missed revenue opportunities and overlooked cost savings

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Why Forecasting Drives Hotel Success Beyond Traditional Budgeting

Don’t let another year go by constrained by outdated practices – harness the power of forecasting for a truly competitive advantage

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Navigating the Costs: Smart Hotel Marketing Acquisition Strategies

We take a deep dive into the nuances of acquisition costs in hotel marketing, with insights to help refine strategies for enhanced financial performance

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A Hotelier’s Guide to Generating Profitable Revenue

There’s no point celebrating million-dollar revenue if million-dollar expenses are dragging down your bottom line

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Exploring Costs and Tools in the Seven-Step Guest Journey

By effectively managing the costs, tools, and strategies at each phase, hoteliers can create a seamless and memorable experience for their guest

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How to Properly Record Hotel Packages & Revenue Recognition

A hotel packages is a combination of a room and at least one other component, like a bed and breakfast package

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How to Leverage Data to Optimize Inventory for Profitability

Understanding the DOH starts with understanding the actual usage, which requires counting inventory on a regular cadence

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From Hotel Revenue Management to Hotel Profitability Management

Profitability management is about balance. This holistic approach aims to secure not just short-term gains but long-term growth and financial stability

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The Need for Hotel Capex and Creating Returns

Where money is tight and hotels are trying to cut costs, a hotel asset manager shouldn’t just save money, but make money

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