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Mastering Revenue Optimization for New Hotels
Amid a sea of considerations, from efficient staff management and property upkeep to top-tier customer service, revenue management is a critical linchpin
Transformative Power of Group Displacement in Hotel Revenue Management
Effectively implementing group displacement can give any hotel, regardless of its size, a competitive edge in the rapidly evolving hospitality industry
Green Revenue Revolution: Intersection of Sustainability and Revenue Management
The green revenue revolution is carving a path where sustainability and profitability are not just co-existing, but are complementary goals
The Impact of an RMS on Enhancing Hotel Guest Experience
Often viewed solely as a tool for pricing and channel distribution, the potential of an RMS to dramatically uplift guest experience is vastly underestimated
Hotel Direct Bookings vs. Hotel Bookings from OTAs
A well-rounded approach combining strengths of direct bookings and OTAs will help hoteliers maximize their revenue potential and enhance guest experience
Hotel Pricing Strategies for Peak, Middle-Season, and Off-Peak
Hotel pricing is a dynamic process influenced by various factors, including location, competition, customer preferences, and seasonality
What Is Hotel Rate Parity and Why It Is Important
Hotel rate parity is essential in today’s competitive landscape. Here is some advice that can be useful when trying to achieve it
Offer Segmentation: How to Increase Revenue and Guest Satisfaction
Offer segmentation is a critical strategy for hotels looking to increase revenue, improve guest satisfaction, and stay competitive in a crowded marketplace
Price Elasticity in the Hotel Industry: Affecting Factors and Tools
Price elasticity is a critical KPI for hoteliers. Understanding factors that affect it can help optimize pricing strategies and achieve higher profitability
Why Effective Reputation Management Is Key To Increasing Hotel Revenue
Why is reputation management crucial to a hotel’s ADR? That is simple, positive reviews lead to more bookings, and more bookings lead to higher revenue