We explore creative and effective strategies that go beyond discounts to drive revenue growth while maintaining healthy profit levels
Pablo outlines concisely, how losing control of your pricing could mean hoteliers missing out on a potential 34% increase in bookings
Experiential hotels typically run occupancies over 90%. So there is little optimization from volume. Where do we find levers to drive Revenue and Profit?
The principle that “all revenue is created locally” is a compelling rationale for leaning towards decentralization for hotel revenue-generating functions
While AI and natural language models like ChatGPT are still in their early stages, it’s already worth exploring the benefits they offer
How do you balance the expectations of guests – and what they’re willing to pay – with effective sustainability practices that work towards real change?
Far more than just a room booking, a hotel package aims to provide a holistic experience, often at a discounted rate compared to each element separately
The right approach for your property will depend heavily on factors like proximity to an Olympics venue, guest needs and revenue generating services on site
Where consumer expectations and industry landscapes continually evolve, sticking to a single-dimension strategy like an RMS for room revenue is insufficient