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Identifying Ancillary Revenues and Driving Additional Revenues

Revenue Hub

When thinking of ways to increase revenues, most revenue managers focus on the room and look for ways to increase revenues by offering early check-in, late check-out, upgrades to suites and other room types, as well as generating no-show revenue. NB: This is an article from RealTime Reservation.

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6 Expert Tips To Create An Effective Cafe Business Plan For The UK

The Restaurant Times

The analysis must include: Market segment catered to by the competitors. A cash flow statement depicts how changes in the balance sheet, accounts, and income affect liquidity and provides an overview of operating expenses. You can analyze the total expenses and revenue projection to calculate your gross profit.

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How to start a hotel management company

Les Roches

Some of the main current trends are: Sector growth: the hotel and tourism industry accounts for 10% of worldwide GDP and turnover is steadily growing, making it a good opportunity for new businesses Technology integration: the hotel management industry is using more and more technology to improve guest experiences and streamline operations.

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Everything you need to know about resort development

Les Roches

This involves estimating construction costs, operating expenses, revenue projections and return on investment (ROI) calculations and identifying potential risks and opportunities. They then devise financing strategies to secure funding for the project to cover these costs and contingencies.