revenue

It is important a hotel takes initiative and follows up with potential guests throughout the entire booking process. This increases the chances of success

Indications are future hotel bookings, meetings and other hotel related activity will be impacted by the presumed expectation of future travel impediments

So why would hoteliers set a narrow range? With no previous experience in yielded upgrade pricing, hoteliers tend to worry about discounting too much

Intelligent revenue management is not designed to replace human expertise. It is developed to help experts focus data insights that which affect forecasts

Hotel commercial teams should be considering all revenue avenues: spa, restaurants, early check-in, late check-out; merchandising the total hotel experience

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

We talk about a number of the Marriott systems and reports, exploring how hoteliers can utilise them to have the best commercial impact.

Our data indicates a different rate strategy is a combination of factors from demand, how compset reacts, to how hotel rooms are being promoted and sold

Long term forecast remains largely unchanged, with US demand to bounce back in 2022, 2023 for the Middle East, 2024 in Europe, and 2025 in Asia Pacific

As the hospitality industry evolves and recovers, hotels must look for new ways to stand out from the competition and increase revenue. NB: This is an article from Oracle Nor1 […]