revenue
6 Forecasting Tips to Handle Uncertainty in the Hotel Industry
Forecasting has always been valuable for revenue managers. Given current uncertainty, it is so important to be able to predict and adapt to demand
6 Key Steps to Improve Hotel Meetings & Events Performance
Optimizing the value of your meetings and event space requires more than simply getting as many spaces and days booked as you can
What is ALOS and How Do You Calculate It?
Understanding your hotel’s ALOS can help you on several fronts. First, it reveals booking patterns across seasons and during events
The Situation of Revenue Management in The Hotel Industry
Where there is no revenue management strategy there is no knowledge about the customer, price, positioning and target audience
There is No Single “Magic” Distribution Channel
Although hotels can diversify their income streams and realize the potential of ancillary revenue, distribution remains cornerstone of hotel profitability
Net ADR: The Most Important KPI You Should Pay Attention To
A rigorous net ADR analysis, that also takes into account discounts and all types of costs, is a core competency every revenue manager should have
How Can You Make The Most Of An Overbooking Strategy?
You can minimise the risk of having to walk travellers if you have a solid overbooking strategy; this can help you get the most out of overselling
5 Reasons You Must Have Hotel Technology In Your 2023 Budget
Investing in hotel technology may not be the answer to all of your problems, but the forward thinking hotelier will be adopting tech in the right places
6 Profitable Sources of Hotel Revenue Generation You Rarely Consider
The key is identifying all stages of the guest journey where you can create opportunities to generate more revenue and increase your profit margins
High Costs, Lower Profit and Staffing Issues: How Will Hotels Adapt
With the dichotomy of higher prices, increasing costs and the continuing staffing challenge we ask how might the hotel industry adapt over the coming years
