profit

Owners and investors need to thoroughly plan, test, and adapt their approach to pricing and revenue management to optimise long-term commercial success

February was stronger all around for the global hotel industry, but escalating line item expenses could derail what’s already a fragile profit rebound

Every traveler has a maximum value they can offer your hotel and upselling can help capture this and in turn increase overall revenue and profitability

Remote work is already having an impact on the hotel industry, and this trend will continue. I recommend embracing it, it will increase your bottom line

In measuring that recovery, 2019 data is the benchmark, hoteliers can gain key context for the amount of profitability they are recapturing

Another significant difference that made one hotel count good bucks and other hope for it was their hotels pricing and revenue management strategy

Revenue management revolves around what customers from different segments are willing to pay, by measuring and monitoring supply and demand

Global hotel performance is improving month by month. That’s good news. The more pressing concern is if it will remain – the hotel industry is still fragile

A focus on gross operating profit per available room, or GOPPAR, is the key performance indicator that delivers and why RevPAR just does not always cut it

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