7 Essential Hotel Reports to Boost Group Business
To stay ahead of the curve in the competitive group business market, hotel management companies must track how properties are performing today, while watching for opportunities in the future.
Change Management Essentials for Revenue Leaders
Change management has become a hot topic across all industries and nations. The field of revenue management in particular is at a critical moment of transformation.
RM Strategies & Best Practices for Pre-Opening Your Property
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.
Alternative Accommodation and Food Choices Will Impact Your Hotel Revenue
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
Why There Is More Than Just Analyzing RevPAR Index
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.
18 Ways to Boost Hotel Bookings and Get More Revenue!
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!
Big Game Coming to Town? Time For a Proactive Revenue Strategy
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
The Key to Profitability: Understand Your Demand Forecast
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
One Reason Why You Shouldn’t Be Googling “RevPAR vs ADR”
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.
RFP Season Almost Upon Us: What Threats to Our Corporate Business?
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’.