Revenue Hub

JULY 19, 2023

Boosting profitability while maintaining high-quality service in city hotels is both an art and a science. A sophisticated Revenue Management System (RMS) can help facilitate this process, taking into account numerous data points and offering actionable insights for optimal pricing. Continue reading to discover them all!

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Revenue Hub

JUNE 6, 2024

By analyzing historical data, businesses can identify trends, patterns, and insights that can inform their decision-making and strategic planning processes. Firstly, make sure you have access to your Universal Analytics account. This will require you to have the necessary login credentials and permissions.

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Hotel Owner

JUNE 18, 2023

Key Performance Indicators (KPIs) are measurable values that provide insights into the effectiveness of a hotel’s strategies and initiatives. The importance of KPIs in the hotel industry cannot be overstated—they facilitate decision-making, inform strategic planning, and ultimately drive business growth.

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Book Strategic Planning Guest Satisfaction Information 105

Revenue Hub

DECEMBER 1, 2022

In a competitive operating environment, where every pricing decision counts, all hotels need to ensure that they are pricing themselves correctly in the market, minimising operational costs, and attracting the right guests at the right rates. Hotel Owners. NB: This is an article from IDeaS.

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SiteMinder

JULY 13, 2024

What is hotel revenue management? Hotel revenue management is the strategic distribution and pricing tactics used to sell perishable room inventory to the right guests at the right time in order to boost revenue growth. Other products such as hotel amenities and food and beverage offerings will also form part of the strategy.

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Hotel Business

SEPTEMBER 5, 2023

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel third-party operator and investor, has expanded its leadership team after adding nine hotels to its portfolio in the first half of the year. corporate associates for every hotel. She joined HVMG in 2010 as VP, strategic planning and human resources.

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Strategic Planning Accounting Travel and Tourism Guest Satisfaction 59

Hotel Business

MARCH 27, 2023

Jake Donoghue, CEO, Noble House Hotels & Resorts , a family-owned, boutique hotel brand with a collection of 25 properties, has retired. Donoghue has been with the company since its inception in 1981 and has worked alongside Pat Colee, Noble House chairman/founder, to help assemble a portfolio of hotels across North America.

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Hotel Business

MARCH 12, 2024

Hospitality industry veteran Steven Ellingsen has launched Somnium Hospitality Group , a full-service, multiple-brand-approved hotel and asset management company. The Chicago-based venture comprises a collection of branded hotels, full-service resorts, golf experiences and boutique properties. He serves as president/founder.

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Hotel Business

MARCH 11, 2024

Choice Hotels International Inc. has terminated its takeover bid of Wyndham Hotels & Resorts Inc. Geoff Ballotti, president/CEO, added, “Wyndham is focused on moving ahead with the execution of our strategic plan, building on our success and generating meaningful value.

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Revenue Hub

OCTOBER 23, 2023

To meet business objectives and drive higher revenue and profitability, there are new considerations that today’s revenue managers must account for in their strategic planning. Many of these sustainability efforts provide cost reduction benefits as well.

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Xotels Hotel Revenue Management

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

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Hotel Owner

JUNE 27, 2024

It has appointed Mai Kawashima as vice president of Acquisitions, George Austin as director of Strategic Operations, Elia Antonioudaki as vice president of Development and Andrea Hendrick has been appointed as vice president of Finance. She also worked at JLL in its Hotels and Hospitality Group. She also worked at H.I.G

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Revenue Hub

JUNE 19, 2024

Hotels across the globe have navigated major disruption over the last few years. NB: This is an article from CBRE Hotels Subscribe to our weekly newsletter and stay up to date In 2023, we faced concerns of a looming recession, rising inflation, higher interest rates, and increased cost of living.

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Xotels Hotel Revenue Management

MARCH 4, 2020

Hotel low season revenue has long been considered to simply be an unfortunate fact of the industry. But the industry has changed so much in such a short space of time, and hotels no longer have to accept that low season automatically means slow business. Your hotel probably receives lower room demand in the off-season.

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Les Roches

JUNE 24, 2024

How to start a hotel management company 24th June, 2024 In this article The hospitality industry is a dynamic and thriving sector that presents plenty of opportunities for aspiring entrepreneurs. Starting a hotel management company is one of those and can be both rewarding and lucrative.

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Les Roches

JULY 1, 2024

From concierge to CEO: hotel careers in UAE 1st July, 2024 In this article The United Arab Emirates (UAE) stands as a global hub for hospitality and tourism, attracting millions of visitors each year to its luxurious hotels, stunning resorts and world-renowned attractions. Why work in hotels in the UAE?

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Les Roches

DECEMBER 28, 2023

Two popular options are in hotel management and culinary arts. When considering a career in the hospitality industry, it’s essential to compare the roles of hotel management and culinary arts, often framed as “Hotel management vs culinary arts.” What is the difference between hotel management and culinary arts?

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Les Roches

SEPTEMBER 3, 2024

What it’s like to work in hotel operations management 3rd September, 2024 In this article What is hotel operation management? Core areas of hotel operations Who is in charge of hotel operations management? Hotel operations managers are the masterminds who drive these guest interactions.

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Les Roches

JANUARY 19, 2024

Are you interested in being part of the hospitality industry or even dreaming of operating your own hotel? Before embarking on a project in this competitive industry, it’s essential to create a solid business plan. What is a hotel business plan? Why do you need a hotel business plan?

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Xotels

NOVEMBER 23, 2023

What is hotel management, you might ask? The hotel industry is broad and complex, with many stakeholders involved. Did you, for example, know hotels are not just managed by one party but typically have many different players involved in operating the hotel? And that’s a really good question.

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Xotels

NOVEMBER 23, 2023

What is hotel management, you might ask? The hotel industry is broad and complex, with many stakeholders involved. Did you, for example, know hotels are not just managed by one party but typically have many different players involved in operating the hotel? And that’s a really good question.

Housekeeping 40

Housekeeping Maintenance Article Concierge 40

Xotels

APRIL 3, 2024

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Why is Revenue Management Important to Hotels & Other Industries? What Makes Hotels Suitable to Apply Revenue Management?

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Modern Restaurant Management

JANUARY 17, 2020

" Benihana Plans Franchise Expansion. announced a strategic plan to support the continued expansion of its business. The plan is centered around four key initiatives, which include: New restaurant development in the U.S.; Benihana National Corp. Select U.S. acquisitions; U.S. franchise development; and. cities. . "It's

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Les Roches

JANUARY 18, 2024

Accountant Accountants handle precise bookkeeping, a key role within any organization and mandatory for sound financial decision-making processes. Account manager Being an account manager means playing a critical role in sustaining client relationships and driving organizational growth. Ready to make work pay?

Accounting 52

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Les Roches

JUNE 26, 2024

What degree is best for hotel management? 26th June, 2024 In this article In the fast-paced world of hospitality, the role of a hotel manager is vital. A solid educational background is essential to excel in this field, but knowing what degree is best for hotel management can be hard.

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Les Roches

MARCH 8, 2024

Thorough research, strategic planning and meticulous preparation are essential to ensure a competitive application and gain admission to your desired program. Researching and shortlisting potential schools A crucial first step in the application process is to fully research the schools you are considering.

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Les Roches

DECEMBER 27, 2022

Technical expertise depending on the industry you’re working in, for example in accounting, as a revenue manager , or a marketing specialist can be advantageous to help you fully understand and support businesses’ growth. Master key business skills online. What makes a good Director of Operations?

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Communication Hospitality Management Strategic Planning Customer Service 52

Les Roches

JULY 1, 2024

Staying motivated and focused without the accountability of in-person classes can also be challenging. Online forums, group chats and virtual study sessions can cement connections with classmates and instructors, while finding a study buddy or accountability partner can also help to keep students motivated.

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Scheduling Training Communication Travel and Tourism 52

Modern Restaurant Management

MAY 28, 2021

" Digital sales at Noodles & Company grew 110 percent in Q1 2021, accounting for 62 percent of sales, and the launch of this ghost kitchen further supports guests' changing behaviors even as consumers return to dining in-restaurant. An in-app FAQ that is accessible through account profile. Chandler will begin on June 7.

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Modern Restaurant Management

NOVEMBER 5, 2019

In particular, Chris was instrumental in the development of the Company's strategic plan, which has enabled global growth and leadership, and has overseen the most comprehensive transformation of the U.S. He has the right mix of skills and experience to lead us forward having run our U.S.

Marketing 101

Marketing Strategic Planning Business Development Reservations 101

Xotels

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

Pricing 40

Pricing Book Marketing Information 40

Les Roches

SEPTEMBER 19, 2024

These range from working in food and beverage to hotel management or cruise-line jobs. If you prefer financial matters, you might want to explore revenue management for hotels. With more than 212 million people working in hospitality around the world, it’s a large and thriving sector with plenty of roles to look at.

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Les Roches

JANUARY 25, 2024

Hotel industry players who can leverage data effectively gain valuable insights that can influence their strategic decisions, from setting room prices to designing hotel marketing strategies. This ensure­s accurate accounting practices and helps pre­vent fraud.

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Les Roches

JULY 5, 2024

Infrastructure and public utilities requirements Planning a resort means taking into account a wide range of factors including roads, water supply, sewage systems, electricity, telecommunications and other public utilities.

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Travel and Tourism Resort Management Regulatory Compliance Communication 52

Les Roches

JANUARY 11, 2024

Master in hotel management. When organizations develop business plans that align with the aspirations of both individuals and the team as a whole­, they can significantly improve overall performance. It’s also important to ensure the sales team has the right coaching and mentoring that equips them to meet their performance goals.

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Definition Pricing Marketing Training 52

Modern Restaurant Management

OCTOBER 8, 2020

The combination of advanced computer vision and deep learning software Miso Robotics has brought to their latest design is able to account for differences in texture and thickness of the Impossible Burger, in real-time, adjusting grilling technique to achieve perfection. Ruby Tuesday Files Chapter 11. Foodie KiDS. NELSON Worldwide.

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Hotel Business

JANUARY 29, 2025

He oversaw all financial aspects of the business, demonstrating expertise in financial management, strategic planning and leadership. Before that, he was VP, finance, Tarsadia Hotels, where he led financial operations, including accounting, reporting, budgeting, forecasting and risk management.

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