profit

While both hotel operators and owners stand to gain from adopting the management fee structure proposed, hurdles are anticipated

Hotel CEOs must understand their property’s fiscal year outlook to navigate decisively. This means addressing critical questions like:

What always surprises me is that revenue teams do not always understand their owners’ investment objectives and what their short or long-term objectives are

Your PMS should improve guest experiences and provide a solid foundation for long-lasting relationships, leading to increased revenue and profitability

Cost-based pricing is the easiest and most financially secure way of determining prices. As long as you sell the room, you’re guaranteed to make a profit

Revenue management is a complex discipline. When practiced fully, it reduces bottom-line drainers such as spillage, spoilage, or overbooking

There’s no point celebrating million-dollar revenue if million-dollar expenses are dragging down your bottom line

In the ever-evolving world of hospitality, one of the trickiest parts of revenue management is figuring out how to handle those die-hard customers. You know the ones – they’ve been […]

Here are five ways hotel sales teams can bridge the gap with revenue management to set up your group properly for profitability

AI, particularly machine learning, brings a paradigm shift in revenue management. Here are some ways in which AI is transforming the industry