profit

Here are six common pricing mistakes hotels make when they don’t rely on revenue management to guide their profitability

There are two important aspects of guest value: share of wallet and time. It begins with determining what the economics of the guest look like

Grow your hotel’s profitability and digital presence by mastering online review management. Explore practical strategies, understand the guest perspective, and leverage reviews to market your establishment in the digital landscape

Hoteliers that want to streamline sales and take advantage of high-value buyers can no longer afford to maintain cumbersome processes

Hotel pricing strategy involves determining the optimal rates for different room types, packages, and ancillary services. It requires careful analysis

Because of the reach of these channels and the influence they have, negative ratings and reviews have a disastrous impact on a hotel’s financials

Most hotels overdo budgeting and discover that budgets deviate from actual performance as the year progresses

In an era where adaptability and resource optimization are paramount, Zero-Based Budgeting emerges as a strategic tool for hotels

Experiential hotels typically run occupancies over 90%. So there is little optimization from volume. Where do we find levers to drive Revenue and Profit?

How do you balance the expectations of guests – and what they’re willing to pay – with effective sustainability practices that work towards real change?