coins being added to a glass jar with the shoot of a plant growing from the top reflecting the need for hotels to grow profit with these winning revenue management strategies

Grow Hotel Profits with These Winning Revenue Management Practices

Revenue management is a complex discipline. When practiced fully, it reduces bottom-line drainers such as spillage, spoilage, or overbooking

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2024 Total Solar Eclipse: How Will Hotel Performance Compare to 2017?

In early-April 2024, a Total Solar Eclipse will once again pass over cities across North America and drive an influx of spectators in need of overnight accommodations. That means a […]

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stack of coins and arrows pointing up reflecting higher adr and why hotels should not be afraid to price their rooms high

Why You Shouldn’t Be Afraid to Price Your Rooms High

Shedding the fear of high ADR requires a mindset shift. Instead of worrying about driving guests away, focus on the tangible benefits of higher room price

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letters spelling out the word pricing highlighting the price oscillation and unravelling the pendulum effect of hotel rates

Price Oscillation: Unraveling the Pendulum Effect on Hotel Rates

Average daily rate per room values has experienced greater growth in the last 3 years, but will price continue to grow rapidly? Will there be a correction?

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black board with chalk writing including the phrase customer loyalty

Loyalty Benefits in More Ways Beyond Net ADR

But beyond a mere net ADR analysis, loyalty adds many other advantages that positively impact your bottom line but are more difficult to trace

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a see saw with loyalty and hotel adr on either side reflecting the imbalance between the two

No, Loyalty Does Not Increase ADR, But It’s Still Worth It

Why would you expect your discount-based loyalty program to increase your ADR? It’s counter intuitive and mathematically impossible

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What ADR Can Tell You and What It Can’t

Recognizing what ADR can and cannot tell you is essential for leveraging this metric effectively and supplementing it with other performance indicators

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The “Why?” Is So Important: Use Data to Reach Actionable Insights

By digging deeper into the data, we were able move from the potential problem to identifying and implementing tactical and strategic changes

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Tips for Hoteliers to Balance Online and Direct Bookings

Prioritizing profitable bookings along with maximizing occupancy and driving revenue from direct bookings offers the greatest cost-cutting benefits

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Hotel Market Shows Continued Resilience with Focus on Luxury

The hospitality sector, in particular, is sensitive to current challenges in the broader economy: rising interest rates, higher inflation and a tight labor market. NB: This is an article from […]

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