pricing
The Art of Resort Hotel Revenue Management: Specifics and Strategies
While the basic principles of revenue management apply to all types of hotels, resort hotels have important strategic considerations
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
Unveiling the Future: Hotel and Travel Trends in 2024
As we step into 2024, several key trends are set to redefine the hotel landscape. Let’s explore top trends that will shape the industry in the coming year
Traditional Revenue Management is Outdated, Reinvent Approach
The demise of traditional revenue management is a reality we can’t ignore. To thrive in today’s competitive industry, you must adapt or face consequences
Mastering Revenue, Motivation, and Profit in your Hotel
In a dynamic environment, the key to surviving and thriving requires a focus on three areas: Revenue Enhancement, Team Motivation, and Profit Maximization
Why the All Inclusive Model Works in Price Sensitive Times
The concept of free-flowing food and alcohol might seem risky or profit-averse; however, there are key features of the all inclusive model which allow resorts to report impressive margins
8 Pricing Strategies for Hotels During the Holiday Season
Unlock the potential of the holiday season and elevate your hotel revenue using these smart pricing strategies tailored to meet the needs of your guests
Using Business on the Books in Complete Benchmarking Approach
Hotel owners and operators are best positioned for success when they measure their business from every angle. That is why no benchmarking experience can be considered comprehensive without frequent insight […]
Elevating Hotel Performance: The Impact of Dynamic Pricing on KPIs
With the integration of big data and advanced analytics, hotels can refine their dynamic pricing strategies to achieve even greater KPI improvements
The Shift from Room-Centric to Guest-Centric Revenue Management
The shift to guest-centric revenue management presents challenges for revenue managers who have long operated within traditional methodology frameworks