3 Reasons You Can’t Trust RevPAR
RevPAR has been the most widely used metric for benchmarking performance in the hospitality industry. But its simplicity and straightforwardness conceal its faults and limitations.
How to Avoid Lost Hotel Revenue After a Disaster
From a hotel owner perspective, coming up with fact-based hotel projections for lost revenue in the event of a disaster will ensure smooth discussions with your insurer and moving on with rebuilding
What Hotel Owners Want at Your Revenue Budget Presentation
The epilogue of the perfect revenue budget plan after a year of daily work and experience ends with a but and a senseless stretch in the revenue target that you know already will be impossible to reach
5 Tips for Better Black Friday Deliverability
By following these best practices, and planning a holiday campaign that goes beyond just Black Friday and Cyber Monday, you’ll be setting yourself up for success this holiday season.
How to Create Hotel Workspace to Boost Revenue
On demand workspace are areas within the hotel that have been converted to desk space, meeting rooms, areas for private calls, or even coworking spaces.
2020: A Vision for Revenue Management in the Next Decade
The role of revenue management will continue to evolve. In some cases, the changes will be evolutionary, and in others they will be revolutionary. Rest assured, changes are coming.
Turning Disruption in Wholesale into Major Revenue Strategy Opportunity
It is constantly trying to obtain the right balance of business to maximize overall revenue, helping hotels and resorts price all their transient segments more effectively, not just BAR.
Total Hotel Revenue Management: Why Aren’t We Better at This?
In a 2017 study, Total Revenue Management was identified as a significant future trend, with function space, restaurants, spa, golf, parking, and retail all ‘Likely’ or ‘Very Likely’ to see implementation.
Top Booking Engine Hacks for Revenue Managers
Start by optimising your booking engine to include extras, different package rates, and transparency, and you’ll see your direct bookings drastically increase practically overnight.
6 Questions to Ask When Optimizing Your Hotel Pricing Strategy
A lot of thought and research goes into developing a hotel pricing strategy that makes sense to the customers and the business. A well-optimized pricing strategy needs to answer these 6 questions: