revenue
8 Missing Website Components That Are Costing Your Hotel Money
Here are 8 conversion-driven website components that could help you boost online reservations and profits for your business in the year ahead:
How to Get a Fuller Picture of Your Competitors’ Room Rates
Not all room rates are created equal. As travellers, we understand this. Yet, when rate shopping as revenue managers, we can sometimes overlook this fundamental fact. If we see a […]
3 Hotel Revenue Generating Ideas and How to Implement Them
The ever-changing character of hospitality has led the industry’s focus away from improving the quality of the rooms themselves and deeper into creating a more complex guest experience. NB: This […]
RevPAR Is Only One Piece of the Picture
RevPAR isn’t profit, which is what really matters. Going beyond RevPAR to look at indicators such as GOPPAR (gross operating profit per available room) offers a truer portrait of the success of a hotel.
How to Build a Pricing Strategy for your Independent Hotel
Having a pricing strategy that consistently works for your business is essential to increasing your market share. In this post we will guide you through all the steps to pricing success!
Why Are we Dropping Rates so Close to Arrival Date?
Why Are we Dropping Rates so Close to Arrival Date? Most Revenue Managers would be used to pulling these figures and presenting them to the GM and perhaps getting ready for 40 lashes!!
Why Machine Learning Works for the Hotel Industry
The impact of machine learning on upselling has a ripple effect throughout the hotel – increased revenue, happier and better compensated front desk agents, and more satisfied guests.
Using Loyalty Game Mechanics to Increase Revenue Per Seat
Leveraging from loyalty game mechanics requires data collection, loyalty tracking, and booking integration. Do your frequent flyers go out of their way to spend more with the airline?
US Hotels Report Record High TrevPAR Despite RevPAR Decline
TRevPAR hit record highs at hotels in the U.S. in March, propelled by a 6.8 percent year-on-year increase in non-rooms revenues, which offset a 0.6 percent decrease in RevPAR
Optimize Your Weekly Revenue Strategy Meeting
Having a revenue strategy meeting that is structured and beneficial to all parties involved will reiterate the need for this revenue management culture across all teams at your organization.