profit
To Rebuild Hotel Profits Begin With Guest Personalization and Smart Data
Hoteliers must ensure they adopt a smart data strategy that is seamlessly able to provide actionable insight from the moment a guest books and arrives
Modern Hotel Financial Statement Features (Part 1)
We should produce enhanced financial statements with just a little more detail added that will greatly assist you in effectively managing your hotel
A Year Later, the Hotel Industry Recalibrates, Reassesses
Just over a year after the pandemic, the global hotel industry is slowly stirring from hibernation and seeing at least modest gains in traveler demand
Using Hotel Breakeven to Evaluate Recovery Revenue Strategies (Pt2)
We look at cost implications and revenue opportunities these create and how, by understanding breakeven and modelling, you can see if they are profitable
Maximizing Hotel Space for More Profit
Hoteliers need to look at all hotel spaces available to them, but being on-property daily can make it difficult to see the opportunities that could exist
Though Travel is Low Some Regions Show Signs of Performance Positivity
Though global travel remains stunted, some regions are showing signs of sustained performance positivity. Include AsiaPac and the Middle East on that list
Robust Rate Strategy Needs Understanding How Profitable Your Rates Are
Getting the right rate strategy is crucial and flexibility will be needed for a while. Perhaps the days of non-refundable or advance payable rates are over
Top Tips to Plan for a Profitable Recovery
There are numerous of ways to ensure you’re in the best position to maximise your revenues, ready for recovery when you start welcoming guests back
Shift Happens: How Revenue Science Adapts for a Post-Pandemic World
As with any revenue plan, successful agility is not determined by knowing what specific outcome will occur, but by understanding all possible outcomes
Improving the Hotel Bottom Line Begins With Knowing How to Read a P&L
A hotel P&L is key to understanding strength and weakness. Hoteliers can identify areas of underperformance and tweak strategies geared to improvements
