revenue

In today’s video we discuss with our 3 guests why there is so little testing of revenue management strategies in the hospitality industry

By identifying where you can reduce acquisition costs and implementing new direct booking strategies, you can add hotel incremental revenue.

Benchmarking could give hotels the tools to dig out of current financial holes. But, it will take a holistic plan and complete hotel metrics

Dori puts forward his views on why it’s even more important in the current climate that Revenue Managers must make themselves indispensable

Reward loyal guests with a gift voucher and incentivise potential customers to spend more by giving them a voucher for additional hotel credit

Hotels who have not moved to Google Pay Per Stay (PPS) offering are missing huge opportunity to capture demand without risking their cash flow

Hotels are not only looking at rooms-as-office day rates, but also large event rooms that could be converted to socially distanced workspaces

Cost side is where hotels saw their profit turn south. Minimal revenue was eaten up by expenses that remained constant enough to make a dent

Hotels will require commercial leaders with insights of revenue management, marketing and distribution whilst able to make informed decisions

Key to streamlining hotel operations for more profit is to look at hotel KPIs holistically. With benchmarking numbers in hand it’s easier