Opening a new hotel is both stressful and exciting. Take advantage of the pre-opening phase to establish a thoughtful and detailed revenue management strategy that will secure your success.
Customers are already making choices based on a desire to have an ‘alternative product’ and the days when your options will have an effect on your revenue strategy are right around the corner
If the RevPAR index and the ARI are below 100 with a high MPI, it means that the property is forfeiting revenue by missing the opportunity to fill rooms at a higher rate.
How can I get more bookings and more revenue? This is the question that every hotelier should regularly ask themselves to keep their business thriving!
Major events across the planet, from the Olympics to the World Cup, provide hoteliers unique opportunities to capitalize on increased demand and maximize revenue with huge potential rewards
Your demand forecast provides a strong foundation for an effective growth strategy, and it leads to a number of downstream positive effects on metrics and bottom-line income
RevPAR and ADR are good indicators when it comes to the top line, but they do not depict the financial reality of a hotel. It’s not a matter of RevPAR vs ADR,but rather, a change in paradigm.
The traditional RFP season is almost upon us and whilst contracting can happen at any time, we are all used to the manic few weeks that is ‘RFP season’.