Hotels
Data and AI Are Simplifying Hotel Revenue Management
Hospitality’s next evolution should be to look more holistically at the role of hotel revenue management and ensure it is sustainable by improving revenue teams’ quality of life
Conducting Hotel Financial Operations Reviews
The sole purpose of the financial review is to find ways to improve moving forward. We always start at the beginning with rooms revenue. What’s going on in the market and how is the hotel performing.
What Is TRevPAR (Definition and Why It Matters)?
RevPAR calculates revenue derived from rooms; TRevPAR calculates revenue from every nook and cranny. Therefore, it provides a big picture view, allowing for operational adjustments to be made.
Why Does Your Hotel Need a Blog
Having a blog, although it may seem like a chore, provides a stream of genuinely useful content for your guests, and can also attract new guests to your hotel!
5 Ways Hotels Can Drive Revenues in 2019
You focus on getting more bookings, increasing occupancy, and selling rooms at competitive rates. Here are some trends which help identify key areas to fuel revenue growth at your hotel this year.
Airbnb New York City Legal Battles
While last month’s agreement to have Airbnb share data with the city from OSE’s February subpoena has been characterized as a truce, the city says the company is merely fulfilling its legal obligation.
BI: Open the Cookie Jar to Solve Your Revenue Pain Points
Business Intelligence, BI, is the key to your success! In order to use all the data revenue managers have, we must first understand the data that is available and then focus on how to use it.
Tidy Up Your Hotel’s Digital Marketing Channels so they Spark Joy
We often refer to good SEO and digital marketing as taking care of a garden. You can not just plant a tomato plant, walk away, and expect to see red tomatoes growing on its limbs the next day.
5 Tips for a Better Guest Experience: Pre-arrival
The days preceding guests checking in present hoteliers with a great opportunity not only to get guests excited for the stay and let them know what to expect but also […]
Hotels Curate Guest Experiences to Maximize Revenue
Hoteliers are taking a cue from their retail brethren, developing public space into a range of smaller, boutique settings that can draw revenue from in-house guests as well as the outside community.