revenue

How Hotels Can Turn Parking Into an Alternate Revenue Stream

Hotels can rent empty parking spaces on a monthly basis. Even at reduced rates, the revenue generated from these spaces could be substantial

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money with rope ties in a knot around it indicating hotel budgeting under pressure

Hotels Need to Guard Against Aggressive Country Rates Campaigns

OTAs choose which POS to show and will ensure the rates do not appear on the local POS where they know the revenue manager resides and works

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monopoly hotels on piles of coins which are increasing in size to illustrate increasing revenue for hotel recovery

Definitive Covid Recovery Guide for Key Hotel Departments

Here is a collection of tips from seasoned hotel professionals which address four major departments that will be crucial during rebound phase

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Preparing Your Hotel for Autumnal Business

Currently hotels, are noticing two main groups of travellers for the autumn period thus far – over 50s and couples/groups in their 30s

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“Tracking” Labor Day: Booking Trends and Top Market Data

The trend we are currently seeing for Labor Day reflect a positive pattern of improved booking demand compared to the earlier summer holidays

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How Turning to Benchmarking Can Stave Off Financial Ruin

No matter what stage a hotel is at in this crisis lifecycle, deep hotel benchmarking will provide foresight to fight off financial damage

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Hoteliers Plan for a Budget Season Unlike Any Other

The pandemic has thrown off 2020 forecasts and limited usefulness of historical data, setting a budget for 2021 will be a new experience

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What Hoteliers Need to Know for the 2020 Festive Season

Consumer budgets might be tighter and travel closer to home. Create campaigns that take account of factors influencing this festive season

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5 Ways to Help Sell Your Hotel Vouchers Online

Now is time to start preparing voucher campaigns. Before we explore selling your vouchers, let’s look at when to start the promotion phase

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How to Forecast with Confidence at Your Hotel

We’ll discuss the types of data needed for forecasting, and how you can start harnessing this data to more accurately forecast at your hotel

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