occupancy
Hotel Benchmarking: Tips to Maximize RGI, ARI, and MPI
In the ever-evolving hotel industry, strategically benchmarking room revenue cannot be overstated. RGI, ARI, and MPI trio are the beacons guiding hotels
Hotel Overbooking: Balancing Risks and Guest Satisfaction
The decision to engage in hotel overbooking should be carefully considered, striking a balance between maximizing revenue and ensuring guest satisfaction
6 Ways Hotels Can Boost Midweek Occupancy
Contrary to instinct, reducing room rates won’t guarantee midweek bookings. In fact, it eats into your profits and undermines your hotel credibility
Hotel Occupancy Rate Prediction Challenges
While occupancy rate is essential for deciding whether your management strategies succeed or fail, there are things you should keep in mind with this KPI
Hotel Revenue Management: From Quick Fixes to Long-Term Wins
Revenue managers are caught in a balancing act to maximize revenue, ensure customer satisfaction while managing occupancy rates and room pricing pressure
Key Components of a Successful Hotel Quarterly Business Review
A quarterly business review (QBR) is a meeting held every quarter to review the hotel performance and define areas for improvement for next quarter
9 Proven Ways to Increase Occupancy in Hotels
Here are 9 ways to boost your occupancy, recognising the shifting landscape of geopolitics, economics and, in some areas, a possible resurgence of COVID-19
Crucial Hotel Sales Strategies to Boost Occupancy and Revenue
Hoteliers must develop sales strategies tailored to their target market and local destination, considering effective strategies such as those outlined
How to Increase Your Hotel Average Daily Rate and Occupancy Rates
So, how exactly can you increase your ADR to realise remarkable returns? To that end, we have compiled a few tips to help you improve your hotel rate
Focus on These Hotel Revenue Management KPIS to Increase Profitability
Which hotel revenue management KPIs should you focus on more so than others? We’ll touch on seven KPIs that you want to track for your hotel