revenue

From staffing to daily operations, revenue optimization to guest service and the pressure to remain ahead of industry technologies and trends, hoteliers have their work cut out for them

We are busy right? So what’s the problem? Well, the problem is real profitability lies in the detail. So here are top 5 revenue management tips for ensuring your Summer is as profitable as possible:

Hoteliers must update their distribution strategy to fill the literal void that an empty hotel room creates. Here are two ways to fill your empty rooms and increase occupancy and RevPAR.

Hospitality’s next evolution should be to look more holistically at the role of hotel revenue management and ensure it is sustainable by improving revenue teams’ quality of life

RevPAR calculates revenue derived from rooms; TRevPAR calculates revenue from every nook and cranny. Therefore, it provides a big picture view, allowing for operational adjustments to be made.

You focus on getting more bookings, increasing occupancy, and selling rooms at competitive rates. Here are some trends which help identify key areas to fuel revenue growth at your hotel this year.

Business Intelligence, BI, is the key to your success! In order to use all the data revenue managers have, we must first understand the data that is available and then focus on how to use it.

Hoteliers are taking a cue from their retail brethren, developing public space into a range of smaller, boutique settings that can draw revenue from in-house guests as well as the outside community.

Positioning your hotel as the focal point of the destination and offering this as part of your product, hoteliers will increase ancillary revenue and room occupancy while gaining competitive advantage

Data analysis is increasingly becoming the game-changer in enhancing revenue management strategy, so it’s never been more important to harness its power in helping you price wisely.