revenue

Profitability management is about balance. This holistic approach aims to secure not just short-term gains but long-term growth and financial stability

AI-powered revenue management for hotel restaurants relies on Dynamic Pricing, taking into account numerous inputs to maximize occupancy at optimal prices

These 3 KPIs provide a clear view of a hotel’s potential and are pivotal in crafting strategies that align evolving market dynamics and customer preferences

Sales and revenue managers goals must be clearly stated, mutually aligned with hotel revenue and profitability metrics, and agreed by the hotel GM

By delving into the intricacies of value perception, contrast effects and psychological barriers, hotel marketers can create experiences that resonate

While transitioning from legacy systems can be challenging, adopting attribute-based selling offers a promising avenue for hotels to increase profit

The RevMarketing Certification course is designed to provide you with actionable knowledge that can be applied immediately to drive growth and profitability

By addressing initial challenges, analyzing data, and implementing repetitious improvements, they achieved remarkable success in driving bookings

By incorporating these creative revenue strategies, you can boost your hotel’s bottom line but also create memorable guest experiences

From the initial spark of desire to travel to the final decision to book, multiple factors play a role in shaping the guest booking decision