Article Budgeting Strategic Planning 
Revenue Hub
NOVEMBER 3, 2023
For hotel owners and operators alike, the annual budget is often a gruelling and time-consuming process. NB: This is an article from HotStats This year, with persistent inflation, added pressures on cost control, and uncertainty about the economy, the process is as fraught as ever. We generally try to start this around May or June.
Revenue Hub
NOVEMBER 17, 2023
In our previous article, we shared insights and advice from global hospitality experts on how to make the 2024 hotel budget process as smooth and painless as possible. Here, we share five ways to improve budget accuracy and performance in uncertain times. We conduct a lot of due diligence surrounding our competitors.”
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Revenue Hub
NOVEMBER 13, 2023
NB: This is an article from Global Asset Solutions This is no less true for budget season, although for many in the hotel sector, it can also come with a sense of foreboding. It will allow the Executive Team to build a budget with the ownership’s goal in mind. To have the budget approved by the ownership group straight away.
Revenue Hub
JULY 25, 2023
NB: This is an article from Triptease , one of our Expert Partners But getting it right requires hoteliers to budget and manage costs effectively. In this blog, we’ll explore essential steps to help hoteliers optimize costs and budgets in their advertising campaigns. However, higher placements often come at a higher cost.
Revenue Hub
JUNE 11, 2024
The role of a Hotel Manager (or General Manager) is multifaceted, requiring a blend of leadership, operational expertise and the ability to develop and oversee the execution of strategic business goals. Read the full article at RoomPriceGenie The post Revenue Management from the Hotel Manager Perspective appeared first on Revenue Hub.
Revenue Hub
OCTOBER 8, 2024
Hotel forecasting plays a vital role in strategic decision-making, shaping both the short and long-term success of a property or portfolio. Reasons for hotel forecasting Effective hotel forecasting provides multiple benefits, not only with strategic planning, but also at the operational level.
Revenue Hub
MARCH 19, 2024
NB: This is an article from Lighthouse (formerly OTA Insight) Subscribe to our weekly newsletter and stay up to date Hotel BI refers to the process of collecting, tracking, analyzing, and understanding internal and external data to make informed revenue, sales, and distribution decisions. Well, that’s what BI does, and then some!
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