Benchmarking changes the mindset and culture of an organization, making it more dynamic, creative and receptive to new opportunities that can lead to profit maximization.
An analysis of total U.S. performance and a peek at several global markets shows that RevPAR changes greater than 10% have happened almost daily since the mid-2000s.
Determining the right hotel room rate is not an easy task. This whole game of room pricing strategy becomes quite complex as you need to consider several factors that impact your room pricing.
Hotels had such success with the resort fee gambit in markets like Las Vegas and Hawaii that they started tacking fees onto rates at non-resorts in cities like New York, San Francisco, and Washington
Are you capturing every last dollar from pricing your various room types appropriately? How much are those last-minute free upgrades really costing you? What are you leaving on the table?
Hotels in mainland Europe recorded their first year-on-year increase in profit per room in May, powered by growth across all revenue centres, according to the latest data tracking hotels from…
After a negative turn in April, profit per room at U.S. hotels bounced back in May, increasing by 2.0% year-over-year, buoyed by growth across all revenue centers