Understanding your unconstrained demand together with your yieldable capacity is necessary to make the best pricing and inventory management decisions
Muted occupancy and rate thwarted RevPAR growth in the month, down 85% YOY to €15.50. For the year, RevPAR was recorded at €32.84, down 72.7% YOY
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
Renting out hotel rooms by the hour can have an unsavory ring to it. But how about by the workday for legitimate uses like temporary offices?
There are many ways to apply the forward thinking principles of attribute based selling through different channels for example, upselling
Attribute based selling is a buyer led process. Room types are eliminated and hotels break down their product bundles into individual items
Being adaptable and agile will be important to your recovery strategy as you navigate your hotel through these uncharted territories