revenue

picture on hotel website of valentine day hotel promotion

Hotel Valentine’s Day: 5 Ways to Optimize Your Hotel Website

Highlighting the perfect romantic environment of your hotel and promoting it effectively across your website will help provide a boost to direct bookings

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Pent-Up Demand for Small Meetings Is Heating Up

Hotels are booking much-needed small hybrid meetings now and over the next few months by offering new technology and flexible contracts

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What to Ask From an RMS? The 4 Key Points to Consider

In the heat of increasing demand, many companies have emerged that offer RMS tools and some may find it difficult to differentiate between them

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5 Step Plan to Create the Perfect Guest Experience

The key to delivering your guest what they truly want is to understand them, and to do that your hotel needs to develop an initiative to get to know them

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What’s Possible in the Future with Hotel Financial Statements

What if we could look at profitability buy segment and roll that up to to see revenues and the associated financial costs by market segment?

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Digital Pricing Transformations: The Key to Better Margins

Many companies launch pricing transformations as a way to create value quickly and sustainably. NB: This is an article from McKinsey Indeed, pricing excellence in B2B settings—setting the right prices, and […]

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Key Indicators to Watch in the U.S. Hotel Recovery in 2021

Another important deciding factor for choosing hotel accommodation is the ability to cancel or rebook without penalty, which ranked just above price

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piggy bank smashed like rate strategy can be if you don't know how profitable it is

Robust Rate Strategy Needs Understanding How Profitable Your Rates Are

Getting the right rate strategy is crucial and flexibility will be needed for a while. Perhaps the days of non-refundable or advance payable rates are over

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The Changing Nature of Supply and Demand in Hospitality

No segment in hospitality is safe from demand drought. If there is no chance of making profit, wait it out, if there is chance of staying afloat, act on it

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keyhole in a blackboard with data algorithms written on the board showing shift in revenue management paradigm

The Paradigm Shift in Revenue Management with Future Demand Data

Creating forecasts based on future data sources is a paradigm shift in revenue management and, truly, the future of how hotels will price their rooms

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