asset

What always surprises me is that revenue teams do not always understand their owners’ investment objectives and what their short or long-term objectives are

An asset objective is a critical component of any hotel’s success strategy, but it’s surprising how many teams are unaware of it

Where money is tight and hotels are trying to cut costs, a hotel asset manager shouldn’t just save money, but make money

Hotels need a philosophical shift away from the rat race for short-term profit and move from asset management to customer management

Hotels were being viewed more and more as a mainstream asset class and attracting investors who were more used to less complicated assets

SWOT analysis for Hotels comes in handy when deciding whether to proceed with specific changes or investments in your hotel by analyzing the pros and cons

Revenue management should never be thought of as a one-time, short-term investment, but rather a long-term strategy that will pay back exponentially

Owners and investors need to thoroughly plan, test, and adapt their approach to pricing and revenue management to optimise long-term commercial success

The pandemic has caused the hotel asset managers role to shift. The first major change is that they are dealing with a lot more stakeholders and more often

To cut through complexity and create forward-looking commercial approaches, revenue managers and leaders need access to data from all corners of a property