hotels

Revenue Management has played an increasingly important role in hotelss this last decade. Following are RM trends we’re noticing in the world today, as we conclude the current decade.

Despite European hotels seeing a 0.9% YOY increase in RevPAR, coupled with 0.4% growth in TRevPAR, GOPPAR for the month turned negative, down 0.8% YOY.

In Episode 3 we will look at the Features you should consider when building your PMS wishlist. You have evaluated your needs, as in Episode 2, and this should help you build a feature list.

In many cases, the key to success is about improving communication with your Digital Marketing Manager, and spotting opportunities to maximize exposure and impact of promotional activities.

If a hotel guest did not book a package originally, it’s okay. Most travelers don’t get down to the experiential details of their trip until 7-10 days in advance.

Any concern over a weakening U.S. economy has not infiltrated U.S. hotels profit. GOPPAR increased 1.4% y-o-y in August, matching RevPAR growth, which also provided a 1.4% gain.

It is important to dynamically re-evaluate the Revenue Management strategies initially identified during the pre-opening phase, with what is actually being achieved.

In a recent study, we begin to gain a much better understanding of the online customer journey. We see that a guest can have as many as 500 digital touchpoints before booking.

Many hoteliers prioritise a direct booking strategy year after year, scoffing at any suggestion online travel agent-led distribution could be beneficial, especially for new hotels.

Profit per room at UK hotels increased year-over-year for only the second time this year, but hoteliers will take it.