revenue

To enhance monthly RevPAR, hoteliers must adopt strategic approaches that leverage market insights, guest preferences, and current trends

Execute hotel revenue optimisation strategies and you’ll optimise your revenue by making as much money as possible from a limited resource: your rooms

You’re not looking to eliminate risk entirely. Instead, the aim is to manage it where you’re optimizing for revenue without stretching your resources thin

Yet for all the challenges in distribution, immense possibility exists for hotels that take an imaginative omnichannel approach

Across 10 host cities, basic mean average for hotels standard room over next 6 months shows rates have increased from €147 outside the tournament to €231

Understanding this multifaceted process is key to align offerings with target guests, moving beyond pricing competition to deliver value that resonates

Hotels have an incredible opportunity to exceed guest expectations and maximize revenue potential with the help of new-age tools and processes

FTC and DOJ makes clear that the government’s position is that hotels using algorithms to set room price are violating antitrust laws

Whether reservations come directly or through OTAs is secondary, as the primary concern is filling rooms that would otherwise remain empty

With an effective attraction strategy in place, the focus shifts to maximizing the value of each guest interaction